Market Research Report
Tea Tree Oil Market by Product and Geography - Forecast and Analysis 2019-2023
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||913041|
|Published||Content info||130 Pages
Delivery time: 1-2 business days
|Tea Tree Oil Market by Product and Geography - Forecast and Analysis 2019-2023|
|Published: September 28, 2019||Content info: 130 Pages||
Technavio's tea tree oil market analysis considers sales from conventional tea tree oil and organic tea tree oil product segments. Our analysis also considers the sales of tea tree oil in APAC, Europe, North America, South America, and MEA. In 2018, the conventional tea tree oil segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the health benefits of conventional tea tree oil will play a significant role in the conventional tea tree oil segment to maintain its market position. Also, our global tea tree oil market report looks at factors such as the rising number of product launches, an increasing number of retail stores offering tea tree oil products, and health benefits associated with tea tree oil. However, easy availability of substitute products, stringent regulations associated with tea tree oil, and side effects associated with tea tree oil may hamper the growth of the tea tree oil industry over the forecast period.
Several vendors are increasing their investment on distribution channels such as convenience stores, independent stores, supermarkets, and hypermarkets to increase the availability of tea tree products. In addition, the retail market in APAC, Europe, and North America is witnessing growth due to rapid urbanization and strong economic growth. Also, e-commerce is gaining popularity among consumers as a sales medium for tree tea oil products, which in turn, will lead to the expansion of the global tea tree oil market at a CAGR of over 5% during the forecast period.
Tea tree oil has many applications in household care products owing to its chemical composition and cleaning properties. It is increasingly being preferred as a replacement for other solvents such as acetone, glycol ethers, and mineral spirits, which are used in cleaning solutions. It has detoxifying properties that help in the elimination of harmful microbes and gives out fresh aroma. The popularity of tea tree oil products as a DIY home cleaner along with its antifungal, antivirus, and antibacterial properties is driving its sales volume. The increasing application of tea tree oil in the household care segment is expected to have a positive impact on the overall market growth.
For the detailed list of factors that will drive the global tea tree oil market during the forecast period 2019-2023, view our report.
With the presence of several major players, the global tea tree oil market is moderately fragmented. Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading tea tree oil manufacturers, that include Aos Product Pvt. Ltd., Bontoux SAS, doTERRA International LLC, GR Davis Pty Ltd., Isagenix International LLC, Jenbrook Pty Ltd., Main Camp Natural Extracts Pty Ltd., NOW Health Group Inc., SOiL, and Young Living Essential Oils.
Also, the tea tree oil market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.