Tea tree oil is obtained from the leaves of the Aurelian plant called as Melaleuca alternifolia, which is native to the Aurelian region in Australia. Tea tree oil has wide application in cosmetics and personal care products, owing to its anti-fungal, antiviral, and antibacterial properties. Several studies have been conducted on the benefits of Tea Tree Oil and in these studies, they have tried to explain the health benefits of tea tree oil. According to a recent study published in the Journal of Dermatological Sciences, tea tree oil has the ability to fight against skin cancer, boost immunity, and reduce the cancerous tumors in the body.
Increasing Demand For Tea Tree Oil To Drive Market Growth
The demand for tea tree oil is continuously increasing in the personal care and cosmetic industry, owing to its purity and quality, which has led the manufacturers to use this oil as a natural and herbal ingredient in their products. These products include hair care products, beauty care products, deodorants, perfumes, body lotions, soaps, sanitizer, and others. The demand for tea tree oil has also increased in the healthcare industry, owing to its usage in treating acne, skin infections, rashes, cuts, and scrapes etc. One of the major reasons behind the increasing demand for tea tree oil in the global healthcare industry is due to its natural and herbal properties. Majority of the production accounts from Australia and New Zealand in the Asia Pacific region.
Some of the Major Factors Driving the Growth of the Market
One of the major factors responsible for driving the growth of the global tea tree oil market includes increasing demand for herbal, natural and organic cosmetics, and personal care products. Tea tree oil is naturally distilled from the leaves of tea trees such as Manuka and Kanuka, due to which it is widely used as a natural and herbal ingredient in healthcare and cosmetic products. Nowadays, the healthcare manufacturers are focusing more towards the quality of raw materials or ingredients used in products, owing to the increasing level of income, the greater emphasis of consumers towards healthcare, and increasing urban population.
Furthermore, the healthcare industry is the biggest consumer of tea tree oil, as it is widely used in the treatment of various skin related infections, dental care, fungal infections, and cold, as well as in products such as skin ointments. On the other hand, the improper use of tea tree oil may result in possible side effects such as skin irritation, redness, burning, etc., which is expected to restrain the growth of the market over the forecast period.
High Demand From Emerging Economies
North America and Asia-Pacific account for the majority of share, in terms of tea tree oil consumption, owing to the increased awareness about the health benefits of the tea tree oil. In the other regions such as Latin America and Europe, the market will experience a rapid growth in the long run.
Some of the key players operating in the global tea tree oil market are Xi'an Natural Field Bio-Technique Co., Ltd., Young Living Essential Oils, New Zealand Coromandel Mountains Tea Tree Oil Company Ltd., Oribi Oils (Pty) Ltd., AOS PRODUCTS PVT. LTD., NATURES REMEDIES, Naturally Australian Tea Tree Oil Pty Ltd., NOW Foods, and Jenbrook Pty Ltd.
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