Tea Tree Oil Market by Product and Geography - Forecast and Analysis 2019-2023

The global tea tree oil market has the potential to grow by USD 38.4 million during 2019-2023, and the market’s growth momentum will accelerate throughout the forecast period.

This report provides a detailed analysis of the market by product (conventional tea tree oil and organic tea tree oil) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Aos Product Pvt. Ltd., Bontoux SAS, dōTERRA 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.

Market Overview

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Market Competitive Analysis

The market is fragmented, and the degree of fragmentation will increase during the forecast period. Vendors are increasing their focus on offering various types of tea tree oil and associated products such as organic lemon tea tree oil for aromatherapy. Aos Product Pvt. Ltd., Bontoux SAS, and dōTERRA International LLC are some of the major market participants. Though the accelerating growth momentum will offer immense growth opportunities, the easy availability of substitute products will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this tea tree oil market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this tea tree oil market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading tea tree oil companies, including:

• Aos Product Pvt. Ltd.
• Bontoux SAS
• dōTERRA International LLC
• GR Davis Pty Ltd.
• Isagenix International LLC
• Jenbrook Pty Ltd.
• Main Camp Natural Extracts Pty Ltd.
• NOW Health Group Inc.
• SOiL
• Young Living Essential Oils

Tea Tree Oil Market: Market Segmentation by Region

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Consumers in the US and Canada are increasingly becoming aware of the multiple health benefits associated with the use of tea tree oils. Moreover, the growing popularity of aromatherapy in these countries has increased the demand for tea tree oil and its products in North America.

Nearly 34% of the market growth will originate from North America during the forecast period. Several trade associations in North America are focusing on promoting fair practices in the marketing and labeling of tea tree oil products. The US is the critical market for tea tree oil in North America. However, market growth in this region will be slower than the growth of the market in APAC, South America, and MEA.

Tea Tree Oil Market: Market Segmentation by Product

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Conventional tea tree oil is gaining popularity among end-users as it offers various health benefits. Conventional tea tree oil is an effective insect repellent and helps in controlling fungal diseases on plants without the need for harmful chemicals. For example, conventional tea tree oil is used to control fruit rots, anthracnose, and leather rot in strawberries.

However, market growth in this segment will be slower than the growth of the market in the organic tea tree oil segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the tea tree oil market size.

Tea Tree Oil Market: Key Drivers and Trends

The strong economic growth and rising urbanization have influenced the expansion of the retail industry across APAC, Europe, and North America. The convenience offered by online channels is encouraging consumers to purchase tea tree oil and associated products through various e-commerce websites. Additionally, the expansion of retail stores, including supermarkets, hypermarkets, independent stores, and convenience stores, have further increased the availability of tea tree oil products for end-users. For example, ALDI announced its plans to open 2,500 new retail stores in the US by 2022. The growing focus on the expansion of retail chains and distribution facilities by many such retailers is increasing the sales of tea tree oil products. This is one of the key factors driving global tea tree oil market growth.

• The increasing use of tea tree oil in household care products is a significant trend that will affect the tea tree oil market landscape.
• The fresh aroma and antifungal and detoxifying properties of tea tree oil remove harmful microbes in closed environments.
• End-users are increasing their preference toward the use of tea tree oil over other solvents such as acetone, glycol ethers, and mineral spirits in cleaning solutions.
• Several consumers are increasingly adopting tea tree oil as a DIY home cleaner. For instance, tea tree oil can be mixed with water, vinegar, baking soda, and castile soap to make an effective bathroom cleaner.
• Several vendors in the market are offering different variants of home care products such as cleansers made of tea tree oil.
• Such factors will drive tea tree oil market growth at a CAGR of more than 5% during 2019-2023.

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Tea Tree Oil Market: Key Highlights of the Report for the Forecast Period 2019-2023

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the tea tree oil market size during the next five years
• Precise estimation of the global tea tree oil market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the tea tree oil industry across APAC, Europe, MEA, North America, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of tea tree oil vendors

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