According to a new report, published by KBV research, The Global Tea Tree Oil Market size is expected to reach $97.86 million by 2031, rising at a market growth of 8.8% CAGR during the forecast period. In the year 2023, the market attained a volume of 153,815.5 KG experiencing a growth of 16.4% (2020-2023).
Tea tree oil’s versatility extends beyond its role in cosmetics and pharmaceuticals. Oil has various other uses in everyday life, many of which benefit from its antimicrobial and antifungal properties. Tea tree oil is commonly used to treat acne, where its antibacterial properties can help reduce acne-causing bacteria on the skin. It is also used to soothe skin irritation caused by insect bites, rashes, and minor burns. Its ability to reduce inflammation makes it a popular remedy for eczema and psoriasis flare-ups.
The Pharma & Cosmetic Grade segment is experiencing a CAGR of 8.5 % during the forecast period. This significant share can be attributed to the widespread use of tea tree oil in pharmaceutical and cosmetic products due to its well-known antimicrobial and anti-inflammatory properties. Pharma & cosmetic grade tea tree oil is commonly found in skincare products, such as acne treatments, cleansers, and lotions, as well as in hair care products for treating dandruff and promoting scalp health.
The Cosmetic Sector segment led the maximum revenue in the Global Tea Tree Oil Market by End User in 2023, thereby, achieving a market value of $45.5 million by 2031. This dominant share is driven by the extensive use of tea tree oil in various cosmetic products due to its beneficial skin and hair care properties. Tea tree oil is widely incorporated into formulations for acne treatments, cleansers, moisturizers, shampoos, and conditioners.
The Supermarkets & Hypermarkets segment is growing at a CAGR of 8.2 % during the forecast period. This significant share can be attributed to the widespread presence and accessibility of supermarkets and hypermarkets, which offer a convenient shopping experience for consumers. These large retail formats provide a wide range of products, including tea tree oil, under one roof, making it easy for consumers to purchase their desired items.
Full Report: https://www.kbvresearch.com/tea-tree-oil-market/
The North America region dominated the Global Tea Tree Oil Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $35.7 million by 2031. The Europe region is anticipated to grow at a CAGR of 8.6% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 9.4% during (2024 - 2031).
By Grade (Volume, KG, USD Million, 2020-2031)
By End User (Volume, KG, USD Million, 2020-2031)
By Distribution Channel (Volume, KG, USD Million, 2020-2031)
Unique Offerings 
