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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.
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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.
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