According to the report by Expert Market Research (EMR), the global tamanu oil market is being aided by the growth of the skin care market. Aided by growing demand from the cosmetic and personal care industry and rising demand for natural and organic products, the skin care market is further expected to grow at a CAGR of 3.8% in the forecast period of 2024-2032.
Tamanu oil, extracted from the nuts of the Calophyllum Inophyllum tree, has been long revered in traditional medicine for its therapeutic properties. Notably recognised for its skin rejuvenation, wound healing, and anti-inflammatory characteristics, tamanu oil has found its way into a myriad of cosmetic and skincare products, from serums and moisturisers to salves and lotions.
The burgeoning consumer inclination towards organic and natural skincare and healthcare solutions has been pivotal in steering the global tamanu oil market growth. With a heightened awareness about the detrimental effects of synthetic products and chemicals on the skin, consumers are gravitating towards holistic and natural ingredients like tamanu oil.
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Furthermore, the escalating trend of clean beauty, which underscores the usage of non-toxic, eco-friendly products, has fortified the position of tamanu oil in the cosmetic and skincare industry. While traditionally tamanu oil’s primary association has been with skincare, its benefits transcend beyond just that. The cosmetic industry is increasingly tapping into the oil’s potential, leveraging its antioxidant, anti-inflammatory, and antimicrobial properties in a spectrum of products, from lip balms and eye creams to sunscreens.
As per the tamanu oil market analysis, beyond cosmetics, the pharmaceutical sector recognises tamanu oil’s prowess. Given its inherent properties, it is being studied and used in formulations aimed at skin ailments, inflammatory conditions, and wound healing.
The Asia Pacific region, with its rich tapestry of traditional medicine and natural remedies, stands as a major market player. Countries like Tahiti, Vietnam, and Thailand have traditionally harnessed the oil for various applications, driving both its production and consumption. Following Asia Pacific, the European and North American markets are rapidly catching on, with the growing consumer demand for organic and natural products propelling the region’s interest in tamanu oil.
With the rising consciousness about environmental conservation and ethical sourcing, stakeholders in the market are intensifying their efforts towards sustainable farming and harvesting practices. Moreover, ensuring fair trade and providing local communities with equitable benefits have become central tenets for market players.
As the narrative of holistic well-being and natural beauty continues to resonate globally, the tamanu oil market is poised for robust growth. Its multifarious benefits, coupled with increasing research validating its properties, signal a promising tamanu oil market outlook.
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Tamanu Oil Market Segmentation
The market can be divided based on nature, type, distribution channel, application, and region.
Market Breakup by Nature
- Organic
- Conventional
Market Breakup by Type
- Refined
- Unrefined
Market Breakup by Application
- Cosmetics and Personal Care
- Pharmaceuticals
- Animal Nutrition
- Others
Market Breakup by Distribution Channel
- Direct
- Indirect
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global tamanu oil market. Some of the major players explored in the report by Expert Market Research are as follows:
- US Organic Group Corp.
- NOW Health Group, Inc.
- Mountain Rose Herbs
- Henry Lamotte Oils GmbH
- Others
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