Tamanu Oil Market Size Worth $178.39 Million By 2032 | CAGR: 5.8%

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. The report “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” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Rising demand for tamanu oil for the treatment of wounds is increasing which is boosting the market growth over the forecast period. As per the National Institute of Health, In developed countries, it is anticipated that between 1 and 2 percent of the population would encounter a chronic wound in their lifetime.

Tamanu oil is mainly used for antimicrobial and wound-healing properties. According to a study entitled "The Wound Healing and Antibacterial Activity of Five Ethnomedical Calophylluminophyllum Oils," which was released by the US National Library of Medicine - National Institutes of Health, these oils are safe for dermatologic treatment of infected wounds and skin conditions like acne. The results also supported the historical use of tamanu oil for the treatment of wounds.

Further, the industry is anticipated to grow during the forecast period as a result of the expanding R&D activities surrounding tamanu oil and its potential applications. In February 2023,  Mielle, new Avocado & Tamanu Anti-Frizz System for the textured hair. It is designed specifically to combat frizz caused by the dryness, and moisture. The manufacturers' introduction of new products will also contribute to the industry's growth in the ensuing years.

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Additionally, the demand for tamanu oil-based skin care products, which help to maintain a youthful look, is expected to be driven by the increasing number of working women around the world as well as increasing inclination to try novel and creative natural products, including those that are convenient to bring to work and gatherings.

Tamanu Oil Market Report Highlights

• The offline segment is anticipated to grow rapidly over the forecast period. Customers prefer to buy goods from supermarkets, hypermarkets, and pharmacies because these establishments provide a wider selection of goods under one roof.
• The cosmetics and personal care segment accounted for largest revenue share. Tamanu oil demand is increasing as people become more aware of the product's anti-inflammatory, antimicrobial, and antioxidant properties as well as its capacity to encourage the growth of new tissues.
• Asia-Pacific is expected to grow at fastest rate over the projected period. Due to the region's humid climate, acne and other skin conditions
• The global players include Amyris, Cammile Q, Deoiling Technologies, Eco-Tan, Gromax Agro Chemicals, Henry Lamotte Oils, Kama Ayurveda, Now Health Food, Mountain Rose Herbs, Proganix, and Jojoba Company.

Polaris Market Research has segmented the Tamanu Oil market report based on product type, distribution channel, application, nature, and region:

Tamanu Oil, Product Type Outlook (Revenue - USD Million, 2019 - 2032)

• Refined Tamanu Oil
• Unrefined Tamanu Oil

Tamanu Oil, Distribution Channel Outlook (Revenue - USD Million, 2019 - 2032)

• Online
• Offline
  • Supermarkets/Hypermarkets
  • Specialty Stores
  • Drugstores/Pharmacies

Tamanu Oil, Application Outlook (Revenue - USD Million, 2019 - 2032)

• Cosmetics & Personal Care
• Toiletries
• Pharmaceuticals
• Animal Nutrition
• Others

Tamanu Oil, Nature Outlook (Revenue - USD Million, 2019 - 2032)

• Organic
• Conventional

Tamanu Oil, Regional Outlook (Revenue - USD Million, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa