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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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.
Tamanu Oil Market Report Snapshots
Tamanu Oil Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The skin care market is expected to grow at a CAGR of 4.1% between 2024 and 2032.
Factors such as rising disposable incomes, growing demand for natural and organic products, growing per capita expenditure on personal care and cosmetic products, and thriving retail sector, are expected to aid the market growth.
Key trends aiding tamanu oil market development include the launch of new products, rising popularity in skincare industry, integration of the oil into hair care formulations, and expanding research and development activities related to tamanu oil.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant types of tamanu oil in the industry are refined and unrefined.
The major applications of tamanu oil are cosmetics and personal care, pharmaceuticals, and animal nutrition, among others.
The leading distribution channels in the market are direct and indirect.
Key players in the market are US Organic Group Corp., NOW Health Group, Inc., Mountain Rose Herbs, and Henry Lamotte Oils GmbH, among others.
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