Tamanu Oil Market: Insights
Tamanu oil is extracted from the nuts of Calophyllum inophyllum (Tamanu Tree). The tamanu oil is primarily used in skin care treatment. The Tamanu oil contains essential fatty acids and minerals that help recover skin from different degrading conditions and also helps in curing acne, scars and even join pains. The major constituents of tamanu oil are linoleic acid, oleic acid, stearic acid, and palmitic acid of which linoleic acid and oleic acid consit more than 60% by volume. The tamanu oil market is experiencing higher demand rates annually primarily from the western population. The tamanu oil market is expected to be driven by the growing influence of natural remedies through traditional medicines globally.
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Tamanu Oil Market: Segmentation: The tamanu oil market is segmented on the basis of origin, type, and distribution channel.
On the basis of Origin Tamanu Oil Market
The tamanu oil market can be segmented into organic and conventional. The organic segment is anticipated to dominate the global tamanu market owing to its placing into the market as an organic alternative to the competitive product.
On the basis of Type Tamanu Oil Market
The tamanu oil can be segmented into refined and unrefined. The unrefined is preferred more in direct application and the refined is mostly consumed for producing further process product. The unrefined segment is anticipated to dominate over the forecast period owing to larger consumption for direct application.
On the basis of Application Tamanu Oil Market
The tamanu oil market can be segmented into personal care, cosmetics, toiletries, and pharmaceuticals. Personal care segment is anticipated to dominate the global tamanu market over forecast period resulted by major application is skin care industry.
On the basis of the distribution channel, the tamanu oil market can be segmented into indirect and direct. The indirect segment is further sub-segmented into modern trade, drug store, specialty stores, e-commerce and other store formats.
Tamanu Oil Market: Region-wise Outlook:
North America is anticipated to dominate the global tamanu market owing to the large consumer base for natural products in the region. Asia Pacific to contribute to a substantial volume consumption owing to its traditional market for tamanu oil. Europe to consume a large share in tamanu oil market owing to the rapidly growing organic market in the region fueling demand for organic health benefiting products like tamanu oil. The Middle East and Africa and Latin America are anticipated to add up to the growth of the tamanu market by increasing the geographical presence of the tamanu oil market.
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Tamanu Oil Market: Drivers and Restraints: The tamanu oil market is expected to be driven by the organic of things. The primary production of tamanu in organic form is anticipated to help the tamanu oil market to penetrate easily over various geographies. The increasing awareness for natural remedies for skin wellness through media and interment of things is expected to fuel demand for the tamanu8 oil over the forecast period.
The tamanu oil market is expected to face restraint resulted by higher price than alternative product and low availability of tamanu oil globally.
Tamanu Oil Market: Key Players: The global player for the tamanu oil market are US Organic Group Corp., Mountain Rose Herbs, Now Health Food LLC., Gramme Products, and Cammile Q
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