Global Sandalwood Oil Market Report and Forecast 2024-2032

Global Sandalwood Oil Market Report and Forecast 2024-2032


Global Sandalwood Oil Market Report and Forecast 2024-2032

Market outlook

According to the report by Expert Market Research (EMR), the sandalwood oil market size reached a value of USD 135.19 million in 2023. Aided by the increasing demand for natural and aromatic ingredients and the growing applications of sandalwood oil in various sectors, the market is projected to further grow at a CAGR of 8.7% between 2024 and 2032 to reach a value of USD 287.72 million by 2032.

Sandalwood oil, extracted from the wood and roots of the sandalwood tree, is renowned for its aromatic, therapeutic, and medicinal properties. This essential oil is widely used in the perfumery, cosmetics, pharmaceutical, and aromatherapy sectors. The unique scent and diverse benefits of sandalwood oil have made it a valuable ingredient in many products, from high-end perfumes to skincare solutions.

The increasing consumer preference for natural and aromatic ingredients is driving the sandalwood oil market growth. With the growing awareness of the health and wellness benefits associated with natural products, there has been a significant shift towards using plant-based ingredients. Sandalwood oil, known for its calming and healing properties, aligns well with this trend, thereby boosting its demand in various sectors.

Moreover, the expanding applications of sandalwood oil in various sectors play a significant role in propelling the market. In the perfumery sector, sandalwood oil is a key ingredient due to its long-lasting and distinctive fragrance. The rising demand for high-end and natural perfumes is driving the adoption of sandalwood oil. In the cosmetics sector, sandalwood oil is used for its moisturizing, anti-inflammatory, and skin-soothing properties, making it an essential component in skincare and haircare products.

The pharmaceutical sector also benefits significantly from sandalwood oil, which is used for its antiseptic, anti-inflammatory, and sedative properties. The increasing interest in natural and alternative medicines is driving the demand for sandalwood oil in this sector. Additionally, the aromatherapy sector utilises sandalwood oil for its calming and stress-relieving effects, consequently driving up the sandalwood oil market share.

The food and beverage sector also utilises sandalwood oil for its flavouring properties. It is used as a natural flavouring agent in various food products and beverages, adding a unique and exotic flavour. The growing trend of using natural and plant-based ingredients in food and beverages is driving the adoption of sandalwood oil in this sector.

With increasing awareness of environmental sustainability, there is a growing demand for ethically sourced and sustainable sandalwood oil. Companies are adopting sustainable practices and certifications to meet consumer preferences and regulatory requirements. The rising trend of natural and organic products in the cosmetics, perfumery, and pharmaceutical sectors is driving the also demand for sandalwood oil. Consumers are increasingly seeking products with natural ingredients and health benefits.

As per the sandalwood oil market analysis, North American market is driven by the high demand for natural and organic products and the strong presence of key market players. The region's growing interest in aromatherapy and natural wellness solutions further supports market growth.

Europe is another significant market for sandalwood oil, characterised by a strong tradition of using natural ingredients in perfumery and cosmetics. The region's focus on sustainability and environmental protection is driving the demand for ethically sourced sandalwood oil. Countries such as France, Germany, and the United Kingdom are leading the market in this region.

Market Segmentation

The market can be divided based on nature, end use, distribution channel, and region

Market Breakup by Nature
  • Organic
  • Synthetic
Market Breakup by End Use
  • Personal Care Products and Cosmetics
  • Aromatherapy
  • Pharmaceuticals
  • Household
Market Breakup by Distribution Channel
  • Supermarkets/Hypermarkets
  • Speciality Stores
  • Convenience Stores
  • Online
  • Others
Market Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Europe
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 global sandalwood oil market. some of the major players explored in the report by expert market research are as follows:
  • Plant Therapy Essential Oils
  • Khadi Natural
  • Santanol
  • Albert Vieille SAS
  • doTERRA International, LLC
  • Quintis (Australia) Pty Ltd.
  • Essential Oils Company
  • Blossom Kochhar Beauty Products Pvt. Ltd.
  • Kanta Enterprises Private Limited
  • Aditi Essentials
  • Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.


1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Sandalwood Oil Market Analysis
8.1 Key Industry Highlights
8.2 Global Sandalwood Oil Historical Market (2018-2023)
8.3 Global Sandalwood Oil Market Forecast (2024-2032)
8.4 Global Sandalwood Oil Market by Nature
8.4.1 Organic
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Synthetic
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Sandalwood Oil Market by End Use
8.5.1 Personal Care Products and Cosmetics
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Aromatherapy
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Pharmaceuticals
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Household
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.6 Global Sandalwood Oil Market by Distribution Channel
8.6.1 Supermarkets/Hypermarkets
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Speciality Stores
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Convenience Stores
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Online
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Others
8.7 Global Sandalwood Oil Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Sandalwood Oil Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Sandalwood Oil Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Sandalwood Oil Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Sandalwood Oil Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Sandalwood Oil Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Plant Therapy Essential Oils
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Khadi Natural
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Santanol
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Albert Vieille SAS
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 doTERRA International, LLC
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Quintis (Australia) Pty Ltd.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Essential Oils Company
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Blossom Kochhar Beauty Products Pvt. Ltd.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Kanta Enterprises Private Limited
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Aditi Essentials
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Sandalwood Oil Market: Key Industry Highlights, 2018 and 2032
2. Global Sandalwood Oil Historical Market: Breakup by Nature (USD Million), 2018-2023
3. Global Sandalwood Oil Market Forecast: Breakup by Nature (USD Million), 2024-2032
4. Global Sandalwood Oil Historical Market: Breakup by End Use (USD Million), 2018-2023
5. Global Sandalwood Oil Market Forecast: Breakup by End Use (USD Million), 2024-2032
6. Global Sandalwood Oil Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
7. Global Sandalwood Oil Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
8. Global Sandalwood Oil Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Sandalwood Oil Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Sandalwood Oil Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Sandalwood Oil Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Sandalwood Oil Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Sandalwood Oil Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Sandalwood Oil Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Sandalwood Oil Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Sandalwood Oil Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Sandalwood Oil Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Sandalwood Oil Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Sandalwood Oil Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Sandalwood Oil Market Structure

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