Tea Tree Oil Market: An Overview
The global tea tree oil market is expected to witness healthy growth during 2018-2026. Tea tree is also known as melaleuca. The tree is largely known for its several antiseptic benefits. Tree tree oil is enjoying an increased prominence worldwide, thanks to its ability to kill several strains of bacteria, fungi, and virus. The original plant used to obtain tea tree oil is found in Australia and its complete scientific name is Melaleuca alternifolia.
Tea Tree Oil Market: Notable Developments
- Tea tree oil market has witnessed considerable growth in recent times due to rising cosmetic application and skin care routine. A new study published in the journal of dermatological sciences reports that tea tree oil is helpful in treating skin cancer. The medicinal plant oil can restrict the growth of cancerous tumors and AIDS in the enhancement of the immunity. This research is expected to lead to considerable growth of the tea tree oil market, thanks to growing scientific evidence and increased awareness.
- The tea tree oil market is also expected to face significant challenges in the near future. The oil, in large quantities has been found toxic for pets. Tea tree oil is absorbed through the skin and can reach livers. Hence, the oil in concentrated quantities can cause several symptoms such as weaknesses, tremors, vomiting, and loss of coordination as well. The saving grace is probably the fact that it is rarely fatal for pets. However, as low doses of tea tree oil are beneficial, pet owners can use as little as 1% to achieve optimum results.
Tea Tree Oil Market: Key Trends
Tea tree oil market is experiencing a growing demand due to growing preference for natural and herbal skin care around the world. Increasing adverse effects on the environment and growing awareness about side effects on chemicals on human body are forcing people to adopt to natural measures. Additionally, tea tree oil market players offer products which are relatively new in various markets. Their novelty and seemingly naïve attitude of consumers are expected to result in lucrative opportunities for growth. The tree oil market will also benefit from a steady supply of the raw material from a stable region. However, tea tree oil plants are limited to Australia, which is expected to pose a challenge to growth. It’s limited supply around the world will likely drive prices high and make it susceptible to extreme environmental challenges. Despite the challenges, the tea tree oil market is likely to rise, thanks to a growing demand worldwide.
Tea Tree Oil Market: Regional Outlook
The tea tree oil market report is divided into main regions including North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The tea tree oil market is expected to register the highest growth in North America and Asia Pacific. The demand for this oil has conventionally been high in Asia Pacific due to traditional use in herbal medicine and long withstanding awareness about its existence. On the other hand, the tea tree oil market in North America is likely to grow due to rising demand for healthy natural products and growing demand for skin care products. The tea tree oil market growth in Europe and Latin America is expected to pick up in the near future as more products and promotions make their way into the regional markets.
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