Tea Tree Oil Market Share 2020-27: Industry Size, Trends, Growth, Opportunity and Forecast
According to the latest report by IMARC Group, titled “ Tea Tree Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 , ” offers a comprehensive analysis of the industry, which comprises insights on the global tea tree oil market share . The report also includes competitor and regional analysis, and contemporary advancements in the market. The global tea tree oil market reached a value of US$ 47.76 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 65.67 Million by 2027, exhibiting a CAGR of 5.20% during 2022-2027. Tea tree oil refers to an essential oil extracted from the leaves of the melaleuca alternifolia plant. It contains anti-inflammatory, anti-fungal, anti-viral, and anti-bacterial properties and is consequently used to treat shingles, herpes, warts and cold sores. Diluted tea tree oil is used to manufacture skincare, cosmetic and personal care products such as body lotions, deodorants,...