Tamanu Oil Market Share, Size, Trends, Industry Analysis Report, By Product Type (Refined Tamanu Oil, and Unrefined Tamanu Oil); By Distribution Channel; By Application; By Nature; By Region; Segment Forecast, 2023 - 2032
- Published Date:May-2023
- Pages: 114
- Format: PDF
- Report ID: PM3290
- Base Year: 2022
- Historical Data: 2019-2021
Report Outlook
The global tamanu oil market was valued at USD 101.94 million in 2022 and is expected to grow at a CAGR of 5.8% during the forecast period. Tamanu oil, which is made from the nuts of the tamanu tree (Calophyllum inophyllum), is becoming more and more well-known due to its numerous advantages for skin health. Tamanu oil's antioxidant, antibacterial, and anti-inflammatory properties are thought to help with tissue regeneration, skin cell regeneration, wound healing, and skin protection from heat and sunburn. Shampoos, lotions, and soaps are just a few examples of personal care products that still use today. Users can ingest or apply tamanu oil topically. It is claimed to aid in the recovery of acne, scars, and wounds when applied topically. It is additionally effective in helping treat pain brought on by conditions like gout and arthritis.
To Understand More About this Research: Request a Free Sample Report
Tamanu oil is believed to strengthen immunity and fend off infections when consumed orally. Tamanu oil is primarily composed of oleic, linoleic, palmitic, and stearic acids, with oleic and linoleic acids making up 60% of the total volume. A rising preference among consumers for conventional treatments and all-natural remedies for skin and hair is anticipated to have an impact on the tamanu oil market.
The main factor driving market expansion is an increase in consumer preference for organic and plant-based goods as a result of changing lifestyles and increasing health concerns. Consumers are becoming more and more aware of the negative side effects of synthetic chemicals used in the production of cosmetics and personal care products. This is causing consumers' preferences to shift in favor of natural and organic products, which are thought to be safer and more efficient than those made with synthetic chemicals.
The market's growth is receiving a significant boost from the increased awareness of the oil's health advantages. Tamanu oil sales will be mainly driven in the coming years by an enormous rise in the number of consumers interested in organic products as well as a growing body of research demonstrating the oil's beneficial effects on skin conditions linked to biological activity. The expanding range of uses for tamanu oil in cosmetics, personal care items, and toiletries may have an impact on the market's global growth. On the other hand, the low exposure and visibility of natural products present a significant barrier that might restrain market expansion in the upcoming years. The existence of less expensive substitutes for a variety of skin-related uses is another aspect that might restrain market expansion.
The increasing consumer preference for conventional medications and herbal treatments for conditions involving the skin and hair is blamed for the market's expansion. The market growth is anticipated to slow down due to COVID-19's detrimental effects on the world tamanu oil market.
For Specific Research Requirements, Request For Customized Research Report
Industry Dynamics
Growth Drivers
The rising demand for natural treatments for skin conditions and maintenance for the health of skin and hair is another significant factor anticipated to propel the market growth during the forecast period. Acne scarring is a widespread issue that can affect people of all ages, and it can significantly lower one's quality of life and self-esteem. Tamanu oil is well known for minimizing the appearance of acne scars and accelerating skin healing. Throughout the forecast period, factors like the rising prevalence of different skin disorders, rising awareness of aesthetic appeal among women and men worldwide, and quickly expanding use of cosmetics and personal care products are anticipated to propel market revenue growth.
As per the statistics published by the American Academy of Dermatology and Association, about 50 Mn Americans suffer from acne every year, making it one of the most common skin diseases in the country. Teenagers & young adults are frequently affected by acne, which typically develops during adolescence. Additionally, between the ages of 12 and 24 years, about 85% of people have at least mild acne. Tamanu oil is known to lessen acne scars, so this is anticipated to increase demand for products containing it.
Report Segmentation
The market is primarily segmented based on product type, distribution channel, application, nature, and region.
|
By Product Type |
By Application |
By Nature |
By Distribution Channel |
By Region |
|
|
|
|
|
For Specific Research Requirements: Request for Customized Report
Online segment is expected to witness the fastest growth over the study period
The majority of developing companies are introducing and marketing their products on e-commerce websites due to the growing use of online platforms. Tamanu oil market participants are concentrating their efforts on online retailers to broaden their geographic reach, which has led to notable market growth through these channels. Tamanu oil market growth will be supported by other distribution channels like modern trade, drug stores, and specialty shops.
Refined tamanu oil segment accounted for the largest share in 2022
The segment is growing owing to the benefits of refined tamanu oil in the market. The result of removing the kernels from the plant stem is refined tamanu oil, which is used as a dietary supplement for skin, hair, and nails. Tamanu oil that has been refined has beneficial fatty acids that support the hydration of skin cells. Additionally, it aids in reducing wrinkles and skin aging. This oil's antioxidant properties aid in preventing cell damage brought on by free radicals that exist at the cellular level.
Further, Tamanu tree nuts are used to make unrefined tamandu oil, which is an oil. Traditional medicine has been using oil for its healing powers for centuries. The oil from the Tamanu tree's nut is retrieved, and it is refined or left unrefined after that. The nutrients and substances found in the nut of the tamanu tree are all present in unrefined tamanu oil.
Pharmaceuticals segment accounted for the largest market share in 2022
Tamanu oil is appropriate for topical use in the infected wounds, and helps with skin conditions. Free radical damage is fought by antioxidants. Damage occurs when someone's body is overloaded with free radicals that it is unable to eliminate. One of the reasons individuals' skin ages more quickly is due to this. Tamanu oil is a popular antioxidant-rich ingredient in anti-aging treatments. Tamanu oil also has anti-inflammatory properties that can relieve eczema. This is anticipated to improve the product's growth prospects in the pharmaceutical sector, assisting the industry's expansion during the anticipated period.
The demand in North America is expected to witness significant growth
North America being one of the major markets. Tamanu oil is being used more frequently in the region's various end-use industries, especially the cosmetics industry. The rising demand for natural and organic personal care products in nations is also anticipated to expand significantly throughout the forecast period. The region's industry is expanding as a result of rising consumer disposable incomes, growing health consciousness, and increased demand for natural products.
The Asia-Pacific region is growing with the fastest CAGR in the market. This can be explained by increasing spending power and disposable income levels between many consumers as well as surging levels of consumer understanding of the medical benefits of natural products. The rapid industrialization, urbanization, and modernization that have been occurring in most of the nations that make up this region are to blame for the region's anticipated significant growth throughout the forecast period.
Competitive Insight
Some of the major players operating in the global market include Amyris, Biosource Naturals, Connock London, Cammile Q, Deoiling Technologies, Eco-Tan, From Nature With Love, Gramme Products, Gromax Agro Chemicals, Henry Lamotte Oils, Kama Ayurveda, Now Health Food, Mountain Rose Herbs, Proganix, and Jojoba Company.
Recent Developments
- In February 2020, With the introduction of Nykaa Skin Potion Facial Oil, skin can be transformed from lifeless to radiant. Five different varieties of face oils have been developed by Nykaa to address various skin problems. Tamanu oil is used for the skin's advantages.
Tamanu Oil Market Report Scope
|
Report Attributes |
Details |
|
Market size value in 2023 |
USD 107.49 million |
|
Revenue forecast in 2032 |
USD 178.39 million |
|
CAGR |
5.8% from 2023- 2032 |
|
Base year |
2022 |
|
Historical data |
2019- 2021 |
|
Forecast period |
2023- 2032 |
|
Quantitative units |
Revenue in USD million and CAGR from 2023 to 2032 |
|
Segments Covered |
By Product Type, By Application, By Distribution Channel, By Nature, By Region |
|
Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
|
Key Companies |
Amyris Inc., Biosource Naturals LLC, Connock London Inc., Cammile Q, Deoiling Technologies LLP, Eco-Tan Pty Ltd., From Nature With Love LLC, Gramme Products Corp., Gromax Agro Chemicals Ltd., Henry Lamotte Oils GmbH, Kama Ayurveda Pvt. Ltd., Now Health Food LLC, Mountain Rose Herbs, Proganix, LLC, The Jojoba Company, and US Organic Group Corp. |
FAQ's
The global tamanu oil market size is expected to reach USD 178.39 million by 2032, according to a new study by Polaris Market Research.
Key players in tamanu oil market are Amyris, Biosource Naturals, Connock London, Cammile Q, Deoiling Technologies, Eco-Tan, From Nature With Love, Gramme Products, Gromax Agro Chemicals.
North America contribute notably towards the global tamanu oil market.
The global tamanu oil market expected to grow at a CAGR of 5.8% during the forecast period.
The tamanu oil market report covering key segments are product type, distribution channel, application, nature, and region.
© 2024 Polaris Market Research and Consulting. All rights reserved
