LAMEA Tea Tree Oil Market By Grade (Pharma & Cosmetic Grade and Therapeutic Grade) By Application (Cosmetics and Toiletries, Therapeutic and Industrial) By End User (FMCG Sector, Cosmetic Sector, Pharmaceutical Sector and Others)
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Market Report Description
The Latin America, Middle East and Africa Tea Tree Oil Market would witness market growth of 6.9% CAGR during the forecast period (2019-2025).
Tea tree oil has been used in traditional medicine in the belief it treats acne, nail fungus, or athlete's foot, with little evidence to support these uses. Tea tree oil brings a higher rate of demand from the cosmetic industry due to its large-scale application in the production of shampoos, conditioners, skin clearing lotion, mouthwash, body lotions, shower gels, cleansing soap, deodorants, hand wash sanitizers, and face creams.
Many scientific studies have been conducted on the tea tree oil benefits and in these studies; they have tried to explain why tea tree oil is a beneficial essential oil. Recently, in one of the studies, it was proved that tea tree oil has the ability to fight against skin cancer. In the Journal of Dermatological Sciences, it was published that the tea tree oil has the capability to reduce the cancerous tumors and also helps in boosting immunity. The tea tree grows naturally in South Africa, however, currently; the number of commercial plantations has reduced. Much of the country?s output is wild harvested and can be certified as organic. Some young plantations have started but the output is relatively small on a global scale.
Based on Grade, the market is segmented into Pharma & Cosmetic Grade and Therapeutic Grade. Based on Application, the market is segmented into Cosmetics and Toiletries, Therapeutic and Industrial. Based on End User, the market is segmented into FMCG Sector, Cosmetic Sector, Pharmaceutical Sector and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report The Royal Barenbrug Group, BrettYoung Seeds Limited, Allied Seed, LLC, The Lebermuth Co., Inc., AOS Products Private Limited, Shandong Fuyang Biotech Co. ltd., Integria Healthcare (Australia) Pty Ltd., Young Living Essential Oils LC, Ungerer & Company, Inc., and NOW Foods, Inc.
Scope of the Tea Tree Oil Market Analysis
- Pharma & Cosmetic Grade
- Therapeutic Grade
- Cosmetics and Toiletries
By End User
- FMCG Sector
- Cosmetic Sector
- Pharmaceutical Sector
- Saudi Arabia
- South Africa
- Rest of LAMEA
- The Royal Barenbrug Group
- BrettYoung Seeds Limited
- Allied Seed, LLC
- The Lebermuth Co., Inc.
- AOS Products Private Limited
- Shandong Fuyang Biotech Co. ltd.
- Integria Healthcare (Australia) Pty Ltd.
- Young Living Essential Oils LC
- Ungerer & Company, Inc.
- NOW Foods, Inc.
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