Global Agarwood Essential Oil Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Agarwood Essential Oil Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

According to our (Global Info Research) latest study, the global Agarwood Essential Oil market size was valued at USD 136.3 million in 2023 and is forecast to a readjusted size of USD 170.6 million by 2030 with a CAGR of 3.3% during review period.

Agarwood, also known as Aloeswood is one of the most precious, rare and most expensive essential oil in existence today. The production of resin can take many years in the wild, like a good wine. Due to its huge cost and extreme rarity in the wild, trees are now cultivated and the resin is actually created artificially and then extracted by water distillation. Agarwood plantations have been developed in a number of countries, such as Sri Lanka and Malyasia as commercial crops specially to produce agar wood essential oils. Agarwood essential oil has a religious, traditional as well as cultural uses in many parts of the world. Superior quality agar wood is one of the most costly raw material in the world which makes agar wood essential oils among the expensive essential oil available commercially.

Key demand of Agarwood Essential Oil is driven by innovative application in personal use and pharmaceutical industry. Increasing consumer preference for natural cosmetic products & high quality aromatic fragrances is driving the market growth. The rising popularity of agarwood essential oil in aromatherapy for therapeutic effects, is creating a huge demand worldwide.

The Global Info Research report includes an overview of the development of the Agarwood Essential Oil industry chain, the market status of Cosmetics & Personal Care (Natural Agarwood Essential Oil, Organic Agarwood Essential Oil), Incense (Natural Agarwood Essential Oil, Organic Agarwood Essential Oil), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Agarwood Essential Oil.

Regionally, the report analyzes the Agarwood Essential Oil markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Agarwood Essential Oil market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the Agarwood Essential Oil market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Agarwood Essential Oil industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K MT), revenue generated, and market share of different by Type (e.g., Natural Agarwood Essential Oil, Organic Agarwood Essential Oil).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Agarwood Essential Oil market.

Regional Analysis: The report involves examining the Agarwood Essential Oil market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Agarwood Essential Oil market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Agarwood Essential Oil:

Company Analysis: Report covers individual Agarwood Essential Oil manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Agarwood Essential Oil This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Cosmetics & Personal Care, Incense).

Technology Analysis: Report covers specific technologies relevant to Agarwood Essential Oil. It assesses the current state, advancements, and potential future developments in Agarwood Essential Oil areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Agarwood Essential Oil market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

Agarwood Essential Oil market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Market segment by Type
Natural Agarwood Essential Oil
Organic Agarwood Essential Oil

Market segment by Application
Cosmetics & Personal Care
Incense
Therapeutics
Others

Major players covered
Ji’an Zhongxiang Natural Plants
Maruti Natural Fragrances
Xi’an Natural Field Bio-Technique
Hoang Giang Agarwood Company Limited

Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Agarwood Essential Oil product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Agarwood Essential Oil, with price, sales, revenue and global market share of Agarwood Essential Oil from 2019 to 2024.

Chapter 3, the Agarwood Essential Oil competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Agarwood Essential Oil breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Agarwood Essential Oil market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Agarwood Essential Oil.

Chapter 14 and 15, to describe Agarwood Essential Oil sales channel, distributors, customers, research findings and conclusion.