Tamanu Oil Market

Global Tamanu Oil Market Outlook

The global tamanu oil market is estimated at USD 99.5 Million in 2022 and is forecast to surpass USD 174.1 Million by 2032, growing at a CAGR of 5.7% from 2022 to 2032.

Report Attributes	Details
Base Year Value (2021A)	USD 94.6 Million
Estimated Year Value (2022E)	USD 99.5 Million
Projected Year Value (2032F)	USD 174.1 Million
Global Growth Rate (2022-2032)	CAGR 5.7%
North America Market Share in 2021	~35%
North America Growth Rate (2022-2032)	CAGR ~5.9%
Collective Value Share (US, China, India) 2022: Top 3 Countries	~42%
Top 5 Companies Market Share in 2021	~23%
Key Companies Profiled	US Organic Group Corp. Mountain Rose Herbs Now Health Food LLC Gramme Products Cammile Q Leven Rose Ecoarts Enterprise Other Market Players

The global tamanu oil market is likely to create an absolute dollar opportunity of USD 74.6 Million by the end of 2032. The global tamanu oil market holds ~1% of the global nut oil market.

2017-2021 Global Tamanu Oil Market Outlook in Comparison to 2022-2032 Growth Forecast

Tamanu oil, derived from nuts of tamanu tree (Calophyllum inophyllum), are growing in popularity for its numerous benefits to skin health. Owing to its antioxidant, antibacterial, and anti-inflammatory properties, tamanu oil is considered to promote the formation of new tissues, rejuvenate skin cells, accelerate wound healing, and protect the skin from heat and sunburn.

Main constituents of the tamanu oil include oleic acid, linoleic acid, palmitic acid, and stearic acid, of which oleic acid and linoleic acid comprise 60% by volume. Rise in consumer inclination towards traditional medicines and natural remedies for skin and hair is likely to influence the development of tamanu oil market.

Fact.MR projects the tamanu oil market is expected to witness exhibiting growth at 5.7% CAGR during 2022 and 2032 in comparison to a CAGR of 3.9% with which it grew from 2017 and 2021.

Tamanu Oil Sales to Surge as Studies Support its Beneficial Effects

Tamanu oil is mostly sought-after for its wound healing and antibacterial properties. According to study by US National Library of Medicine – National Institutes of health on ‘The Wound Healing and Antibacterial Activity of Five Ethnomedical Calophyllum inophyllum Oils’, these oils are safe for topical use in infected wounds and skin diseases such as acne. The study also supported the traditional uses of tamanu oil in wound healing process. Surging demand for organic in things along with a gradual increase in awareness regarding natural remedies for skin wellness is likely to promote the growth of tamanu oil market.

In the coming years, sales of tamanu oil will mainly be driven by significant growth in consumer base for organic products coupled with numerous evidence reporting the benefic effects of tamanu oil on biological activity related skin infections. Rising scope of application in pharmaceuticals, cosmetic & personal care products, and toiletries may also influence the global expansion of the tamanu oil market.

Online Stores to Emerge as Lucrative Sales Channel for Tamanu Oil

With rapid penetration of online channels, most emerging brands are targeting e-commerce sites to launch and promote their products. Tamanu oil market players are directing their focus towards online stores to improve their geographic reach, contributing a substantial growth to the market through these channels. Other channels such as drug store, specialty stores, and modern trade will also continue to complement the growth of the tamanu oil market.

Lack of Awareness and Product Visibility to Impede Tamanu Oil Market Growth

Although tamanu oil is gaining momentum for its wide-ranging benefits to skin health, lack of global awareness of such products remains a key challenge to the growth of tamanu oil market. Inadequate understanding of several natural remedies apart from indigenous people have also limited the visibility and exposure of natural products such as tamanu oil, which in turn create a hindrance in the market growth. In addition, information gap among the global population regarding the benefits and effects of tamanu oil is likely to negatively affect the future of tamanu oil market.

Competitive Landscape: Top Companies in Tamanu Oil Market

The global tamanu oil market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.

Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the growth of tamanu oil.

Fact.MR has provided detailed information about price points of key manufacturers in tamanu oil market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.

For instance:

• Mountain Rose Herbs in 2021 announced new ownership of the company in the name of Shawn Donnille, who purchased full ownership from Julie Bailey
• Leven Rose in 2020 annouced the launch of new Leven Rose Bottles, these new bottle designs will help the brand to start refresh

Global Tamanu Oil Market by Category

• By Product Type, Global Tamanu Oil Market is segmented as:

  • Refined
  • Unrefined

• By Nature, Global Tamanu Oil Market is segmented as:

  • Organic
  • Conventional

• By Application, Global Tamanu Oil Market is segmented as:

  • Cosmetics and Personal Care
  • Pharmaceuticals
  • Animal Nutrition
  • Others

• By Sales Channel, Global Tamanu Oil Market is segmented as:

  • Online Sales Channel
  • Offline Sales Channel
    • Departmental Stores
    • Specialty Stores
    • Drug Stores
    • Other Sales Channel

• By Region, Global Tamanu Oil Market is segmented as:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA