Melaleuca Oil Market - By Application, By End-user, By Grade & Global Region - Market Size, Share, Trends and Forecast 2020-2025
The global melaleuca oil market size was valued at $35.1 million in 2019 and is projected to reach $ 57.4 million by 2025, growing at a CAGR of 6.1% from 2021 to 2025. Melaleuca oil is also known as tea tree oil and it is derived from the Melaleuca alternifolia, a small tree native to Queensland and New South Wales, Australia. Moreover, China is the second major producer of the melaleuca oil. The prices of melaleuca oil available in China are less compared to pricing of other countries. However, the melaleuca oil available in China consists of by-products. It gains less preference among consumers, which results in restricting the growth of the melaleuca oil market. Moreover, countries like Zimbabwe, South Africa and Kenya also manufactures and distribute melaleuca oil. However, availability of melaleuca oil in this country has limited share in production over China and Australia.
Moreover, melaleuca oil has excellent demand from the cosmetic and personal care industry due to its extensive scale application in conditioners, shampoos, mouthwash, skin clearing lotion, shower gels, deodorants, body lotions, cleansing soap, face creams and hand wash sanitizers. The melaleuca oil is anticipated to gain higher traction from the pharmaceutical industry owing to its anti-inflammatory, antiviral and antifungal properties. Furthermore, in recent years, there has been a significant increase in preference for natural products among the consumers regarding cosmetics and personal care products. This is due to the raise in awareness about the diversified health benefits related with utilization of natural or clean label products. Hence, the increase in natural products' preference is anticipated to provide lucrative opportunity during the forecast period. However, the melaleuca oil industry operates under highly regulated environment. Access to European and American medicinal and cosmetics markets demands compliance with range of regulatory requirements along with suitable International Standards. Thus, imposed of regulatory guidelines hampers the growth of the melaleuca oil market.
Based on region, the melaleuca oil is divided into North America, Europe, Asia-Pacific, and LAMEA. There is a raising demand for melaleuca oil among the consumers from the developed countries of Europe and North America. Hence, North America and Europe are the dominant regions in the market. Moreover, the increase in demand for natural and organic cosmetics products due to the least side effect and other benefits boosts the growth of the melaleuca oil market in this region.
Asia-Pacific is anticipated to provide lucrative opportunity for the growth of the global melaleuca oil market owing to increase in preference for natural or clean label cosmetic and personal care products among the consumers. These products are chemical –free, natural and thus involves less side effect. Hence, there is an increase in the demand for the consumer's melaleuca oil products in the Asia-Pacific region.
On the basis of application, the melaleuca oil market is divided into therapeutic application, cosmetic & toiletries and industrial application. Moreover, among these segment the cosmetics & toiletries segment accounts for the higher value share due to its application in the production of various types of cosmetics products like shampoo & conditioners, mouthwash, skin clearing, shower gels, deodorants, body lotions, cleansing soaps and others. The melaleuca oil features antiviral, antifungal and antibacterial properties and therefore is majorly preferred in its non-diluted form. Moreover, it is effective against a diversified variety of fungal infections of the skin, scalp, and toenails due to its antifungal properties. It is also suitable for treatment against cold sores, herpes, shingles, and warts due to its antiviral properties.
Based on end user, the melaleuca oil market is bifurcated into cosmetic companies, FMCG manufacturer, pharmaceutical companies and others. Cosmetics companies hold major value share compared to other potential end users due to the increase in demand for melaleuca oil in the production of various cosmetics and personal care products. Melaleuca oil is exponentially used in the pharmaceutical products as its anesthetic and anti-inflammatory properties help in reducing swelling and soothe pain, while its antibacterial action prevents from infection and also help in reducing scarring. Moreover, it also helps in burns, cure skin ailments, boil, acne, warts, cold sores, skin rashes, ringworms, herpes, lice, corns, fungal infections and insect bites. Hence, it is majorly utilized in the pharmaceutical industry to make different products that the consumer can use to prevent from diversified diseases or infections. Thus, the pharmaceutical segment is expected to witness significant growth in the terms of value sales.
On the basis of grade, the melaleuca oil is segmented into therapeutic grade and pharma/cosmetic grade. The pharma/cosmetic grade holds the higher value global melaleuca oil market share. The therapeutic grade in expected to experience growth in terms of value sales in the melaleuca oil market forecast period.
Key Companies Profiled
Key players profiled in the melaleuca oil report include G.R. Davis, Main Camp, Cassegrain Kalara, Maria River Plantation, Coromandel Mountains, Jenbrook, LvHuan Technology, Oribi Oils, Integria Healthcare and Fuyang Biotechnology.