Global Tea Tree Oil Market to Reach $59.5Million by 2025: AMR

Surge in demand for natural cosmetic products and rise in demand from the pharmaceutical industry drive the growth of the global tea tree oilmarket. North America contributed the highest share in 2017, and will maintain its dominance throughout the forecast period.The demand for tea tree oils has been increased in the months of corona virus pandemic due to its application in the manufacturing of hand sanitizers.


Portland, OR, June 11, 2020 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research,the global tea tree oil market generated $38.8million in 2017, and is estimated to reach $59.5million by 2025, registering a CAGR of 5.6% from 2018 to 2025.The report offers anextensive analysis of changing market trends, top winning strategies, business performance, Porter’s Five Forces, and competitive scenario.

Surge in demand for natural cosmetic products and rise in demand from the pharmaceutical industrydrive the growth of the global tea tree oil market. However, concerns over the quality of the product and probability of unbalanced supply-demand chain hinder the market growth. On the other hand, untapped markets and rise in number of millennial population create new opportunities in the coming years.

Thorough insights on the impact of the COVID-19 on the Tea Tree Oil Market @ https://www.alliedmarketresearch.com/request-sample/5272

Covid-19 scenario:

  • The demand for tea tree oils has been increased in the months of coronavirus pandemic due to its application in the manufacturing of hand sanitizers, vaporizers or HVAC inserts, and surface cleaning products.
  • On the other hand, the FDA and the FTC has banned the direct sale of essential oils in the U.S. due to the rumors among the consumers that the tea tree oil prevent, treat, cure, or diagnose COVID-19.

The report offers a detailed segmentation of the global tea tree oilmarket based onapplication, end user, grade, and region.

Send Me Enquire@ https://www.alliedmarketresearch.com/purchase-enquiry/5272

Based on end user, the cosmetic companiessegment contributed to the largest share in 2017, accounting for more than half of the total share, and is estimated to maintain its dominant position during the forecast period. However, thepharmaceutical companiessegment is expected to register the highest CAGR of 6.6% from 2018 to 2025.

Based on grade, the pharma/cosmetic gradesegment accounted for the largest share in 2017, holding nearly two-thirds of the total share, and is expected to maintain the largest share throughout the forecast period. However, the therapeutic gradesegment is estimated to portray the highest CAGR of 6.3% during the forecast period.

Avenue Basic Plan | Library Access | 1 Year Subscription |

Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter

Get more information: https://www.alliedmarketresearch.com/library-access

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

 

Coordonnées