PUBLISHER: KBV Research | PRODUCT CODE: 1621260
PUBLISHER: KBV Research | PRODUCT CODE: 1621260
The Latin America, Middle East and Africa Tea Tree Oil Market would witness market growth of 10.5% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 5,305.2 KG, showcasing a growth of 8.7% (2024-2031).
The FMCG (Fast-Moving Consumer Goods) Sector plays a significant role as an end user in this Market. As the demand for natural and organic products continues to rise, FMCG companies are increasingly incorporating this oil into a variety of products. This includes skincare items such as soaps, lotions, and facial cleansers, as well as hair care products like shampoos, conditioners, and dandruff treatments. Thus, FMCG Sector Segment in Brazil market consumed a volume of 343.7 KG in 2023.
The Brazil market dominated the LAMEA Tea Tree Oil Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,833.7 Thousands by 2031. The Argentina market is showcasing a CAGR of 11.4% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 10.1% during (2024 - 2031).
The rise in wellness and self-care trends has further accelerated the adoption of this oil. Aromatherapy has become increasingly popular, and tea tree oil's use in this context directly reflects the growing consumer demand for natural, holistic treatments. This oil is anti-inflammatory and antibacterial qualities have also made it a staple in the wellness market, with many people using it as part of their daily health and hygiene routines.
Additionally, the increased awareness of environmental sustainability has made this oil a preferred option for consumers looking for eco-friendly and biodegradable products. Its popularity as a household natural cleaning agent has soared, especially with green cleaning trends and the push for non-toxic, plant-based alternatives in cleaning and disinfecting products.
The growth of this market in Sub-Saharan Africa (SSA) and Brazil is expected to benefit significantly from the rising population, expanding middle class, and increasing urbanization in SSA, alongside Brazil's thriving food processing sector. Both regions are witnessing demographic and economic shifts that create opportunities for this oil in personal care, health, and food processing sectors. In Sub-Saharan Africa, the beauty and personal care industry is poised to experience significant growth, with the market expected to double over the next decade due to a rapidly growing population, projected to reach 2.4 billion by 2050, along with an expanding middle class and accelerated urbanization. As SSA's urban centers continue to grow, so does the demand for personal care and beauty products. In Brazil, the food processing sector's robust performance-recording US$208 billion in revenues in 2022, a 16.6% increase from the previous year-presents significant opportunities for this oil. The food processing sector in Brazil is one of the largest in the world, contributing 10.8% to the country's GDP, and is dominated by small and medium-sized enterprises. In conclusion, this market in Sub-Saharan Africa and Brazil is poised for growth due to demographic and economic trends in both regions.
Based on Grade, the market is segmented into Pharma & Cosmetic Grade and Therapeutic Grade. Based on End User, the market is segmented into Cosmetic Sector, FMCG Sector, Pharmaceutical Sector, and Other End Users. Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Departmental Stores, Online Stores, and Other Distribution Channels. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
LAMEA Tea Tree Oil Market Report Segmentation
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)
By Country (Volume, KG, USD Million, 2020-2031)