Global Tamanu Oil Market Report and Forecast 2024-2032

Global Tamanu Oil Market Size

The global tamanu oil market is being aided by the growth of the skin care market. The skin care market is further expected to grow at a CAGR of 4.1% in the forecast period of 2024-2032.

Tamanu Oil Market Outlook

• Tamanu oil has been used traditionally for centuries in the South Pacific and Madagascar to treat various skin problems. It has wound-healing and skin-regenerating capabilities and encourages the growth of new tissue.

• As per the tamanu oil market dynamics and trends, tamanu oil is traditionally extracted from the seeds of the Calophyllum inophyllum tree, which is native to Asia, Africa, and the Pacific islands.

• As per industry reports, tamanu oil is rich in beneficial fatty acids like oleic acid (41.9%), linoleic acid (29.9%), palmitic acid (12.7%), and stearic acid (13.5%).

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Tamanu Oil Market Growth

Tamanu oil refers to the oil extracted from the nuts of tamanu tree (Calophyllum inophyllum). The major components of this oil are oleic acid, palmitic acid, linoleic acid, and stearic acid. Among these, oleic acid and linoleic acid comprise 60% of the oil by volume. The essential fatty acids and minerals present in the oil make it fit for use in skin care treatment. Further, tamanu oil is utilised in various application sectors as it offers numerous benefits, including wound healing and relief from infections.

The growing consumer inclination towards natural, organic, and plant-based products has positively impacted the tamanu oil market demand forecast. This demand is expected to be higher in the developing regions owing to the increasing awareness and the rising access to the product through online platforms. Moreover, the growing R&D activities around tamanu oil and its potential applications are expected to have a positive effect on the expansion of the industry. The new product launches by the manufacturers will also aid the market growth in the coming years.

Key Trends and Recent Developments

Rising popularity in skincare industry, surge in research and development activities, and integrated of the oil into hair care formulations are factors supporting market expansion.

November 2023

KraveBeauty launched limited edition The Jumbo Great Barrier Relief and 100% Cold-Pressed Tamanu Oil, which promoted sustainability and ethical practices. The launch of limited-edition products supported Indonesian female farmers.

February 2023

Mielle Organics launched its new Avocado & Tamanu Anti-Frizz System for textured hair, featuring a proprietary refrigerate-to-activate Cold Application Technology. This product helps seal the hair cuticle and provides nourishment to frizzy hair caused by damage, dryness, and humidity and can contribute to the growth of the tamanu oil market.

Rising popularity in skincare industry

Tamanu oil has gained significant traction in the skincare industry due to its healing properties and natural origin. Skincare brands like "Leven Rose" and "Aura Cacia" have introduced tamanu oil-based serums and creams that target specific skin concerns such as acne and ageing.

Increasing demand for certified and organic products

The demand of tamanu oil market is growing due to rise in demand for certified organic tamanu oil products, reflecting a broader trend towards natural ingredients in the skincare industry. Brands like "Pai Skincare" and "Dr. Hauschka" have incorporated tamanu oil into their organic product lines.

Incorporation in hair care products

Brands like "SheaMoisture" and "OGX" have launched tamanu oil-infused shampoos and conditioners, highlighting its moisturising and strengthening properties for hair. This trend signifies a diversification of tamanu oil applications beyond skincare.

Tamanu Oil Market Trends

A surge in research and development activities aimed at formulating innovative products that maximise the benefits of this natural oil is a prominent trend in tamanu oil market. Companies like "The Ordinary" and "Paula's Choice" are investing in advanced technologies and scientific studies to unlock the full potential of tamanu oil in skincare and hair care applications. This trend is driving product innovation, leading to the introduction of more effective tamanu oil-based products in the market.

Industry Outlook

The Rising Application of Tamanu Oil in Personal Care and Pharmaceutical Sectors Drive the Market.

As per the tamanu oil industry analysis, tamanu oil is predominantly used as a crucial ingredient in anti-aging creams. From 2018 to 2028, the global beauty market is projected to experience steady growth across various segments including beauty tech, cosmetics, fragrances, personal care, and skincare. The market size in 2018 was USD 74.78 billion, driven primarily by strong performances in personal care and skincare segments.

In 2019, the market size increased slightly to USD 75.22 billion. The personal care segment continued to dominate, while skincare products saw steady demand. The year 2020 saw a dip to USD 70.72 billion, likely impacted by the global COVID-19 pandemic. In 2021, the market rebounded to USD 73.98 billion as economies started to recover and consumer confidence returned. Personal care and skincare segments continued to be the primary drivers of growth and further contributed to the tamanu oil industry revenue. The upward trend continued in 2022, with the market reaching USD 76.33 billion. By 2023, the market grew to USD 81.42 billion, driven by sustained demand in personal care and skin care, along with a stronger recovery in cosmetics and fragrances.

The market is projected to reach USD 83.39 billion in 2024, USD 85.40 billion in 2025, and continue growing to USD 87.80 billion in 2026, USD 90.77 billion in 2027, and USD 92.11 billion in 2028. Each segment is expected to contribute to this growth, with personal care and skincare remaining dominant. Reportedly, the overall growth trend from USD 74.78 billion in 2018 to USD 92.11 billion in 2028 reflects an increasing consumer focus on beauty and personal care, driven by rising disposable incomes, urbanisation, and the influence of digital media.

In the pharmaceutical sector, tamanu oil is used due to its wound-healing properties which further aids the growth of the tamanu oil industry. In 2022, the United States led the global pharmaceutical manufacturing industry with a production worth USD 516.66 billion. China followed as the second-largest pharmaceutical manufacturing country, with production valued at USD 171.30 billion. Germany ranked third with a production worth USD 103.43 billion. Japan, with a production value of USD 80.91 billion, stands as a significant contributor to the pharmaceutical industry. Ireland, valued at USD 62.68 billion, has emerged as a major hub for pharmaceutical manufacturing. Switzerland's pharmaceutical production was worth USD 55.81 billion in 2022.

France and Italy had pharmaceutical production values of USD 46.21 billion and USD 44.32 billion, respectively, which contributed to the tamanu oil market value. India, with a production worth USD 43.56 billion, is a key player in the global pharmaceutical landscape, particularly known for its generic drug manufacturing. Belgium, with a production value of USD 34.01 billion, has a strong pharmaceutical sector supported by its strategic location in Europe.

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Tamanu Oil Industry Segmentations

The EMR’s report titled “Tamanu Oil Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Nature

• Organic

• Conventional

Market Breakup by Type

• Refined

• Unrefined

Market Breakup by Distribution Channel

• Direct

• Indirect

Market Breakup by Application

• Cosmetics and Personal Care

• Pharmaceuticals

• Animal Nutrition

• Others

Market Breakup by Region

• North America

• Europe 

• Asia Pacific 

• Latin America 

• Middle East and Africa

Tamanu Oil Market Share

The organic tamanu oil segment is poised for robust growth in the coming years driven by the clean-label trend

Organic tamanu oil is extracted from the seeds of tamanu trees grown without the use of synthetic pesticides, fertilisers or other chemicals. This segment is experiencing strong growth due to increasing consumer preference for natural and sustainable products, which boosts the tamanu oil market revenue. However, organic tamanu oil commands a premium price compared to conventional oil.

In contrast, conventional tamanu oil is produced from tamanu seeds grown using industrial farming practices and synthetic inputs. While more affordable, conventional tamanu oil lacks the natural and eco-friendly positioning of organic oil. However, conventional tamanu oil will continue to play an important role in industrial applications where cost is a key factor.

Cosmetics and personal care segment will continue to dominate the market due to rising incorporation of oil in skincare products

Based on application, the increasing adoption of tamanu oil in the cosmetic and personal care industry has driven the tamanu oil demand. The growing awareness regarding the antioxidant, antibacterial, and anti-inflammatory properties of the product and its ability to promote the formation of new tissues and rejuvenate skin cells are accelerating the demand for tamanu oil. Meanwhile, several studies have revealed that tamanu oil is suitable for topical use in infected wounds, promotes the process of wound healing, and aids in skin diseases such as acne and rashes. This is projected to create enhanced growth opportunities for the product in the pharmaceutical sector.

As per tamanu oil market analysis, another emerging application is in animal nutrition, where refined tamanu oil is used as a dietary supplement to support skin, hair and nail health in pets and livestock. Rich in beneficial fatty acids, tamanu oil helps hydrate skin cells. While currently a smaller market compared to cosmetics, the animal nutrition segment is poised for robust growth in the coming years.

Competitive Landscape

Market players are focused on expanding their geographic reach through online stores and leveraging e-commerce platforms to reach a broader consumer base

US Organic Group Corp. is a company that specialises in manufacturing organic personal care products. Founded in 2012 and headquartered in New Jersey, United States, the company offers a range of organic repellents, body oils, and baby oils.

NOW Health Group, Inc., a company in the tamanu oil market, has been operating since 1968. Headquartered in Illinois, United States, the company provides a diverse range of products across various categories, including supplements, personal care, aromatherapy, sports nutrition, healthy foods, and pet health products.

Mountain Rose Herbs was founded in 1987 and is headquartered in Oregon, United States. The company supplies organic herbs, spices, and botanical products to various industries, including food and beverage, cosmetics, and pharmaceuticals.

Henry Lamotte Oils GmbH was founded in 1925 and is headquartered in Bremen, Germany. The company is produces and trades oils, including essential oils and fatty oils. The company was listed as an exhibitor at the BIOFACH 2023 trade fair, indicating its presence in the organic products industry.

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Tamanu Oil Market Regional Analysis

Asia Pacific leads the market due to region’s booming beauty and wellness industries

Asia Pacific is expected to hold a sizable tamanu oil market share due to the traditional uses of tamanu oil in countries like Indonesia, Vietnam, and the Pacific Islands. Additionally, the region's booming beauty and wellness industries, particularly in countries like South Korea and Japan, are driving the demand for tamanu oil in cosmetic and skincare applications. The region's growing demand for traditional remedies are all expected to contribute to the growth of the market in the Asia Pacific.

North America also has a significant tamanu oil market as the region is witnessing increased utilisation of tamanu oil in various end use sectors, particularly cosmetics. The growing health awareness, high consumer disposable incomes, and the rising demand for natural products are aiding the growth of the industry in the region.

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Tamanu Oil Market Report Snapshots

Tamanu Oil Market Size

Tamanu Oil Market Growth

Tamanu Oil Market Trends

Tamanu Oil Market Share

Tamanu Oil Manufacturers

Tamanu Oil Market Regional Analysis