Industry Background:
The leaves and twigs of Leptospermum scoparium, an Australian and New Zealand native plant, are steam distilled to produce Manuka Oil. It's utilized for balancing skin bacteria, as well as being protective, anti-microbial, anti-bacterial, and anti-fungal. It's also more effective than Tea Tree essential oil in killing specific bacteria strains and for its bioactive characteristics, it is used in a variety of cosmetics, skincare, and hair care products.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | NZ Country Manuka (New Zealand), Babo Botanicals (United States), Aura Cacia (United States), Living Nature (New Zealand), Plant Therapy (United States), Comvita (New Zealand), Happy Valley (Hong Kong) and Streamland (United States) |
This growth is primarily driven by Presence of High Levels Antimicrobial, Antimalarial and Powerful Antioxidants and Protect Skin from Solar Ultraviolet (UV) Radiation and Helps Keep Skin Hydrated.
Globally, a noticeable market trend is evident The trend of Herbal Product with Mediational Property Major Vendors, such as NZ Country Manuka (New Zealand), Babo Botanicals (United States), Aura Cacia (United States), Living Nature (New Zealand), Plant Therapy (United States), Comvita (New Zealand), Happy Valley (Hong Kong) and Streamland (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. To achieve a competitive edge in the market, Manuka Oil has small and Large vendors the market. Major firms adopt and invest in a Medicinal properties strategy, offering Oil at lower prices and smaller sizes than other suppliers. These companies use various growth methods such as introducing new technology, product launches, joint ventures, collaborations, partnerships, agreements, and acquisitions to achieve their goals.
Key Developments in the Market:
In May 19, 2021, CDI Global ANZ (Australia/New Zealand) is pleased to announce that they have successfully advised Ixom on the acquisition of Australian Botanical Products (ABP).
Regulatory Insights:
“According to the NCBI, Public Health Information, Manuka oil is an essential oil produced from the plant Leptospermum scoparium, which has been utilized by indigenous New Zealand and Australian tribes for millennia. The extracted oil, as well as its constituents, have been linked to a variety of therapeutic qualities. A vast number of researchers have looked into the components of manuka oil, which differ based on the oil's source. The leaves are used to cure colds by boiling them in water, or crushed and used topically to relieve itching and scabs. Its antibacterial, antifungal, anti-parasitic/insecticidal, anti-inflammatory, antiviral, and spasmolytic properties are extensive.”
Influencing Trend:
The trend of Herbal Product with Mediational Property
Market Growth Drivers:
Presence of High Levels Antimicrobial, Antimalarial and Powerful Antioxidants and Protect Skin from Solar Ultraviolet (UV) Radiation and Helps Keep Skin Hydrated
Challenges:
Rising Adulteration can hamper the Manuka Oil Market
Restraints:
Side-effects Such as Eye Irritation, Skin Irritation, and Nasal Irritation
Opportunities:
Potential Application as a Medicinal Agent or Cosmetic Ingredient and Easy Online Availability of Will Boost the Manuka Oil Market
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Manuka Oil Market
- Analysis about New Entrants in Manuka Oil Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Manuka Oil Study Sheds Light on
The Manuka Oil Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Manuka Oil industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Manuka Oil industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.