Global Tea Tree Oil Market Forecast 2019-2027
NEW YORK, Sept. 18, 2019 /PRNewswire/ --
KEY FINDINGS
The global tea tree oil market is deemed to grow at a CAGR of 5.01% during the forecast period. The rising preference of natural cosmetics, rising demands for tea tree oil in pharmaceutical sectors, and increasing demands for aromatherapy, are driving the growth of the market.
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MARKET INSIGHTS
There is a rising demand for tea tree oil with regard to its industrial usage.It is being used in agricultural and veterinary sectors, and is estimated to find growth in those sectors.
The rising awareness of natural products with regards to cosmetics and skincare products, coupled with the government's supportive regulations, is leading to an increasing preference for natural cosmetics.The rising number of millennials and their preference for natural cosmetics, and the diversified uses of tea tree oil, is estimated to provide ample opportunities for market growth.
However, the wavering graph of supply-demand due to significant rise in demands, and the waning quality due to cheaper options, are expected to pose a threat to the growth of the market.
REGIONAL INSIGHTS
The global tea tree oil is assessed on the basis of markets across the regions, such as North America, Europe, Asia Pacific, and the Rest of World.Of these, Asia Pacific is the leading producer of tea tree oil in the global market.
The rising demands from the growing population, the rise in urban class population and their demands due to increased economic growth, and increasing demands from flavors & fragrance industry, are expected to propel the market growth in the region.
COMPETITIVE INSIGHTS
Some of the major companies in the market are Jenbrook Pty Ltd, T.G.Cassegrain & Co Pty Ltd, Integria Healthcare Australia Pty Ltd, Naturally Australian Tea Tree Oil Pty Ltd (NATTO), Maria River Plantation, etc.
Our report offerings include:
-- Explore key findings of the overall market
-- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
-- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
-- Market Segmentation caters to a thorough assessment of key segments with their market estimations
-- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
-- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
-- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
-- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Companies mentioned
1. T.G.CASSEGRAIN & CO PTY LTD
2. COROMANDEL MOUNTAINS TEA TREE OIL COMPANY
3. GR DAVIS
4. INTEGRIA HEALTHCARE AUSTRALIA PTY LTD
5. JENBROOK PTY LTD
6. MAIN CAMP NATURAL EXTRACTS PTY LTD.
7. MARIA RIVER PLANTATION
8. NATURALLY AUSTRALIAN TEA TREE OIL PTY LTD (NATTO)
9. ORIBI OILS (PTY) LTD.
10. LEBERMUTH CO INC.
11. AOS PRODUCTS PVT LTD
12. SOiL
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