Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 157.3 Million | USD 315.82 Million | 7.2% | 2023 |
According to Zion Market Research, the global Tea Seed Oil Market was worth USD 157.3 Million in 2023. The market is forecast to reach USD 315.82 Million by 2032, growing at a compound annual growth rate (CAGR) of 7.2% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Tea Seed Oil Market industry over the next decade.
Tea tree oil is extracted from tea tree leaves. Reportedly, tea tree oil is used on skin for treating infections such as fungal infections of nail, acne, scabies, ringworm, lice, athlete foot, and scabies. In addition to this, the product is also applied to skin as antiseptic for abrasions and cuts, toothache, recurrent cold sores, burns, boils, insect stings, hemorrhoids, sore throat, ear infections, mouth & nose infections, and vaginal infections. Apparently, tea tree oil is utilized for preventing particular kind of bacteria resistant to antibiotics and skin rash caused due to interaction of body with nickel.
Apart from this, the product is also used for annihilating excessive body hair or hirsutism in females. Furthermore, it is useful for treating mite infection occurring at eyelid base and for dandruff treatment. It also treats bad breath and gum disorders.
With tea seed oil rich in vitamin E and antioxidants, the tea seed oil industry is anticipated to gain traction over the upcoming years. In addition to this, tea seed oil comprises of mono-unsaturated fatty acids that helps in production of healthy oils utilized for cooking. Apparently, tea seed oil possesses high smoke point and hence is used for deep frying. All these aforementioned factors are anticipated to drive the market trends.
Moreover, tea seed oils also find myriad applications in the cosmetics industry & personal care and as an anti-ageing agent in women. Reportedly, tea seed oil is grown majorly in South China and East Asia and is popular across the globe. Furthermore, the beneficial features of the product and its extensive use will prompt the tea seed oil industry growth over the estimated timeframe. Surging demand for organic products in healthcare sector will embellish the market size in the upcoming years. Its prominent use in pharmaceutical & medical industry has created lucrative growth avenues for tea seed oil business over the forthcoming years.
Report Attributes | Report Details |
---|---|
Report Name | Tea Seed Oil Market |
Market Size in 2023 | USD 157.3 Million |
Market Forecast in 2032 | USD 315.82 Million |
Growth Rate | CAGR of 7.2% |
Number of Pages | 110 |
Key Companies Covered | Romaco Pharmatechnik GmbH, 7 MG2 SRL, Marchesini Group S.P.A, Maschinenfabrik Ilshofen GmbH+Co., Bausch Strobel, Robert Bosch GmbH, Korber AG, I.M.A. Industrial Machine Automatiche S.P.A., Multivac Group, Uhlmann Group, and Optima Packaging Group GmbH among others |
Segments Covered | types of material, end-user and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The expansion of tea seed oil industry in North America over the assessment period is owing to a prominent demand for the product by the consumers in the countries such as the U.S. and Canada. In addition to this, escalating use of natural personal care items causing lesser side effects along with its other beneficial features has enhanced the product popularity and penetration in the region, thereby driving the regional industry landscape.
The global tea seed oil market is dominated by players like:
By Grade
By Application
By Region
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