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The global tea tree oil market was valued at US$ 47.76 Million in 2021.
We expect the global tea tree oil market to exhibit a CAGR of 5.20% during 2022-2027.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of tea tree oil.
The increasing awareness towards antibacterial, antiviral, and antifungal properties of tea tree oil, along with the rising consumer preference towards clean-label and organic herbal products, is primarily driving the global tea tree oil market.
Based on the grade, the global tea tree oil market can be segmented into pharma/cosmetic grade and therapeutic grade. Currently, pharma/cosmetic grade holds the majority of the total market share.
Based on the distribution channel, the global tea tree oil market has been divided into supermarkets and hypermarkets, direct sales, departmental stores, online stores, and others. Among these, supermarkets and hypermarkets currently exhibit a clear dominance in the market.
Based on the end user, the global tea tree oil market can be categorized into FMCG manufacturer, cosmetic companies, pharmaceutical companies, and others. Currently, cosmetic companies account for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Europe currently dominates the global market.
Some of the major players in the global tea tree oil market include Coromandel Mountains Tea Tree Oil Company, G.R. Davis Pty Ltd., Integria Healthcare, Jenbrook Australia, Main Camp Natural Extracts Pty Ltd., Maria River Plantation, Naturally Australian Tea Tree Oil Pty Ltd (NATTo), NOW Foods, Oribi Oils (Pty) Ltd., T.G.Cassegrain & Co Pty Ltd., The Lebermuth Co. Inc., and Young Living Essential Oils LC.
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