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Growth of Tea Tree Oil Market to Be Impacted by the Increasing Use in Household Care Products | Technavio

Growth of Tea Tree Oil Market to Be Impacted by the Increasing Use in Household Care Products | Technavio

LONDON--(BUSINESS WIRE)--Oct 1, 2019--

The report, Global Tea Tree Oil Market 2019-2023, has been added to Technavio's catalog. It provides a comprehensive analysis of the market, including its global and regional market share as well as market segmentation based on product and geography for the forecast period 2019-2023.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191001005605/en/

Technavio has announced its latest market research report titled global tea tree oil market 2019-2023. (Graphic: Business Wire)

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The report on the global tea tree oil market includes:

Global tea tree oil market analysis and forecast 2019-2023: Features

  • Competitive landscape
  • Market segmentation
    • Product
    • Geography
  • Market drivers
  • Market trends
  • Market challenges
  • Five forces analysis
  • Market landscape
  • Market sizing & forecast

Global tea tree oil Market 2019-2023: Competitive landscape

  • Vendors covered
  • Vendor classification
    • Aos Product Pvt. Ltd.
    • Bontoux SAS
    • dōTERRA International LLC
    • GR Davis Pty Ltd.
    • Isagenix International LLC
    • Jenbrook Pty Ltd.
    • Main Camp Natural Extracts Pty Ltd.
    • NOW Health Group Inc.
    • SOiL
    • Young Living Essential Oils

Global tea tree oil Market Landscape 2019-2023: Geographic landscape

  • North America - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • Key leading countries

Global tea tree oil Market Landscape 2019-2023: Product

  • Conventional tea tree oil - Market size and forecast 2018-2023
  • Organic tea tree oil - Market size and forecast 2018-2023

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Increasing number of retail stores offering tea tree oil products will drive the tea tree oil market

The expansion of retail stores is expected to influence the growth of the global tea tree oil market during the forecast period. The retail market is witnessing continuous growth, with APAC, Europe, and North America witnessing the fastest growth in the global market. Also, e-commerce is gaining popularity among consumers as a sales medium for tree tea oil products, which in turn, is expected to contribute to the growth of the market during the forecast period. Furthermore, several vendors are increasing their investment on distribution channels to increase the availability of tea tree products and boost market growth during the forecast period.

Increasing use of tea tree oil in household care products – An emerging trend in the tea tree oil market

Tea tree oil has many applications in household care products owing to its chemical composition and cleaning properties. It is increasingly being preferred as a replacement for other solvents such as acetone, glycol ethers, and mineral spirits, which are used in cleaning solutions. Tea tree oil has a fresh aroma, and its detoxifying property eliminates harmful microbes present in closed environments. The antibacterial, antiviral, and antifungal properties of tea tree oil make it ideal for use as a surfactant in household care products. Vendors operating in the global tea tree oil market are also offering different variants of tea tree oil, which can be used as effective cleansers in household care products. Thus, owing to its antifungal, detoxifying, and cleansing properties, the application of tea tree oil is expected to increase in the household care segment, thereby driving the growth of the global tea tree oil market during the forecast period.

Other Key Topics Covered in the Report are:

MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

Get Full Report: https://www.technavio.com/report/tea-tree-oil-market-industry-analysis

CUSTOMER LANDSCAPE

DECISION FRAMEWORK

DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

MARKET TRENDS

  • Rising popularity of tea tree oil in aromatherapy
  • Increasing use of tea tree oil in household care products
  • Growing popularity of organic tea tree oil

Technavio also offers Custom Research services providing focused, comprehensive, and tailored research.

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  • Global Rapeseed Oil Market 2019-2023: The global rapeseed oil market is forecasted to grow at a CAGR of over 5% during the period 2018-2023. The olive oil market size will increase by 12.36 billion during the forecast period of 2019-2023.

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191001005605/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

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UK: +44 203 893 3200

Email:media@technavio.com.

Website:https://www.technavio.com/

KEYWORD:

INDUSTRY KEYWORD: HOME GOODS ALTERNATIVE MEDICINE HEALTH CHEMICALS/PLASTICS MANUFACTURING RETAIL

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 10/01/2019 09:00 AM/DISC: 10/01/2019 09:01 AM

http://www.businesswire.com/news/home/20191001005605/en