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Global Tamanu Oil Market to Grow at a Healthy Pace During 2021-2026, Aided by the Growing Demand for Natural Skin Care Products

According to a new report by EMR titled, ‘Global Tamanu Oil Market Report and Forecast 2020-2025’, the global market for tamanu oil is being aided by the skin care market growth, which reached USD 148.82 billion in 2020 and is expected to grow at a CAGR of 4.8% between 2020 and 2025 to attain USD 188.13 billion by 2025.

The global tamanu oil industry is being aided by the growth of the cosmetic and personal care sector. The growing consumer awareness regarding skin care is the major factor contributing to the growth of the tamanu oil industry. The consumers are looking for natural products to enhance their skin health. The active compounds present in tamanu oil make it ideal to be used in various skin care formulations. The rising preference for clean labelled and organic products is compelling manufacturers to use natural ingredients like tamanu oil in cosmetic products, thus, aiding the industry growth. Tamanu oil-based cosmetic products are sometimes combined with other ingredients like olive oil or shea butter to further enhance their properties. Region-wise, besides North America, Europe and the Asia Pacific are expected to significantly contribute to the market growth over the forecast period. Within Europe, the rapidly growing organic market is the major factor contributing to the growth of the industry.

Apart from its use as a massage oil and skin moisturiser, tamanu oil has traditionally been used to treat various skin injuries such as burns, insect bites, and others owing to its healing properties and antibacterial nature. The growth of the e-commerce industry and the easy availability of tamanu oil through online platforms like Amazon.com, Inc. (NASDAQ: AMZN) and Alibaba Group Holding Ltd (NYSE: BABA) are expected to significantly contribute to the market growth over the forecast period.

Market Breakup by Nature, Type, Application, Distribution Channel, and Region:

  • By nature, the industry can be bifurcated into organic and conventional.
  • Based on type, the industry can be divided into refined and unrefined.
  • On the basis of application, the industry is segmented into cosmetic and personal care, pharmaceuticals, and animal nutrition, among others.
  • The various distribution channels of tamanu oil are direct and indirect.
  • Region-wise, the global market for tamanu oil can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for tamanu oil is being driven by the growing awareness regarding the health benefits of tamanu and the rising consumer demand for natural products.
  • The growth of the major end use industries, particularly cosmetics, is significantly contributing to the market expansion.
  • The industry is receiving a further impetus with the rising consumer disposable incomes and improving standards of living.
  • The growing R&D activities and the new product launches are expected to further propel the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for tamanu oil for the periods (2016-2020) and (2021-2026).
  • The report also offers historical (2016-2020) and forecast (2021-2026) market information for the nature, types, applications, distribution channels, and major regions of tamanu oil.
  • The report also gives the regional historical (2015-2019) and forecast (2020-2025) price trends of the product.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global tamanu oil market are US Organic Group Corp., NOW Health Group, Inc., Mountain Rose Herbs, and Henry Lamotte Oils GmbH, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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