Global Agarwood Essential Oil Market 2023-2027

Global Agarwood Essential Oil Market 2023-2027

Technavio has been monitoring the agarwood essential oil market and is forecast to grow by $1,075.28 mn during 2022-2027, accelerating at a CAGR of 6.86% during the forecast period. Our report on the agarwood essential oil market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by expanding retail space, the health benefits of agarwood essential oils, and increasing use of agarwood essential oil in home care products.

Technavio's agarwood essential oil market is segmented as below:

By Application

  • Cosmetics and personal care
  • Incense
  • Therapeutics
  • Others
By Type
  • Natural agarwood essential oil
  • Organic agarwood essential oil
By Geographical Landscape
  • Europe
  • North America
  • APAC
  • South America
  • Middle East and Africa
This study identifies the rising demand for aromatherapy as one of the prime reasons driving the agarwood essential oil market growth during the next few years. Also, clean labeling of essential oils and increasing demand for organic and cold-pressed agarwood essential oil will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the agarwood essential oil market covers the following areas:
  • Agarwood essential oil market sizing
  • Agarwood essential oil market forecast
  • Agarwood essential oil market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading agarwood essential oil market vendors that include Biofinest, Biolandes SAS, Deve Herbes, Edens Garden Inc., Essential Oil Wizardry, Flowers Shining Everywhere Inc., Grandawood, Gritman Corp., Hoang Giang Agarwood Ltd., HYSSES Pte Ltd., JiAn ZhongXiang Natural Plants Co. Ltd., Katyani Exports, Mangalam Agro, Maruti Natural Fragrances, Nusaroma, Oud and Musk, Shiv Sales Corporation, Thai Borai Agarwood Co. Ltd., Tram Huong Viet, and Treedom Oud. Also, the agarwood essential oil market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.


  • Executive Summary
    • Market overview
      • Table Executive Summary - Chart on Market Overview
      • Table Executive Summary - Data Table on Market Overview
      • Table Executive Summary - Chart on Global Market Characteristics
      • Table Executive Summary - Chart on Market by Geography
      • Table Executive Summary - Chart on Market Segmentation by Application
      • Table Executive Summary - Chart on Market Segmentation by Type
      • Table Executive Summary - Chart on Incremental Growth
      • Table Executive Summary - Data Table on Incremental Growth
      • Table Executive Summary - Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2022
    • Market outlook: Forecast for 2022-2027
      • Table Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Table Data Table on Global Market: Year-over-year growth 2022-2027 (%)
  • Historic Market Size
    • Global agarwood essential oil market 2017 - 2021
      • Table Historic Market Size - Data Table on Global agarwood essential oil market 2017 - 2021 ($ million)
    • Application Segment Analysis 2017 - 2021
      • Table Historic Market Size - Application Segment 2017 - 2021 ($ million)
    • Type Segment Analysis 2017 - 2021
      • Table Historic Market Size - Type Segment 2017 - 2021 ($ million)
    • Geography Segment Analysis 2017 - 2021
      • Table Historic Market Size - Geography Segment 2017 - 2021 ($ million)
    • Country Segment Analysis 2017 - 2021
      • Table Historic Market Size - Country Segment 2017 - 2021 ($ million)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2022 and 2027
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers - Impact of key factors in 2022 and 2027
    • Threat of new entrants
      • Table Threat of new entrants - Impact of key factors in 2022 and 2027
    • Threat of substitutes
      • Table Threat of substitutes - Impact of key factors in 2022 and 2027
    • Threat of rivalry
      • Table Threat of rivalry - Impact of key factors in 2022 and 2027
    • Market condition
      • Table Chart on Market condition - Five forces 2022 and 2027
  • Market Segmentation by Application
    • Market segments
      • Table Chart on Application - Market share 2022-2027 (%)
      • Table Data Table on Application - Market share 2022-2027 (%)
    • Comparison by Application
      • Table Chart on Comparison by Application
      • Table Data Table on Comparison by Application
    • Cosmetics and personal care - Market size and forecast 2022-2027
      • Table Chart on Cosmetics and personal care - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Cosmetics and personal care - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Cosmetics and personal care - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Cosmetics and personal care - Year-over-year growth 2022-2027 (%)
    • Incense - Market size and forecast 2022-2027
      • Table Chart on Incense - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Incense - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Incense - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Incense - Year-over-year growth 2022-2027 (%)
    • Therapeutics - Market size and forecast 2022-2027
      • Table Chart on Therapeutics - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Therapeutics - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Therapeutics - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Therapeutics - Year-over-year growth 2022-2027 (%)
    • Others - Market size and forecast 2022-2027
      • Table Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Others - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Others - Year-over-year growth 2022-2027 (%)
    • Market opportunity by Application
      • Table Market opportunity by Application ($ million)
  • Market Segmentation by Type
    • Market segments
      • Table Chart on Type - Market share 2022-2027 (%)
      • Table Data Table on Type - Market share 2022-2027 (%)
    • Comparison by Type
      • Table Chart on Comparison by Type
      • Table Data Table on Comparison by Type
    • Natural agarwood essential oil - Market size and forecast 2022-2027
      • Table Chart on Natural agarwood essential oil - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Natural agarwood essential oil - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Natural agarwood essential oil - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Natural agarwood essential oil - Year-over-year growth 2022-2027 (%)
    • Organic agarwood essential oil - Market size and forecast 2022-2027
      • Table Chart on Organic agarwood essential oil - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Organic agarwood essential oil - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Organic agarwood essential oil - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Organic agarwood essential oil - Year-over-year growth 2022-2027 (%)
    • Market opportunity by Type
      • Table Market opportunity by Type ($ million)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2022-2027 (%)
      • Table Data Table on Market share by geography 2022-2027 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • Europe - Market size and forecast 2022-2027
      • Table Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • North America - Market size and forecast 2022-2027
      • Table Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Table Chart on North America - Year-over-year growth 2022-2027 (%)
      • Table Data Table on North America - Year-over-year growth 2022-2027 (%)
    • APAC - Market size and forecast 2022-2027
      • Table Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Table Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Table Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • South America - Market size and forecast 2022-2027
      • Table Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Table Chart on South America - Year-over-year growth 2022-2027 (%)
      • Table Data Table on South America - Year-over-year growth 2022-2027 (%)
    • Middle East and Africa - Market size and forecast 2022- 2027
      • Table Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • US - Market size and forecast 2022-2027
      • Table Chart on US - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Table Chart on US - Year-over-year growth 2022-2027 (%)
      • Table Data Table on US - Year-over-year growth 2022-2027 (%)
    • Germany - Market size and forecast 2022-2027
      • Table Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • The Netherlands - Market size and forecast 2022-2027
      • Table Chart on The Netherlands - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on The Netherlands - Market size and forecast 2022-2027 ($ million)
      • Table Chart on The Netherlands - Year-over-year growth 2022-2027 (%)
      • Table Data Table on The Netherlands - Year-over-year growth 2022-2027 (%)
    • Canada - Market size and forecast 2022-2027
      • Table Chart on Canada - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Canada - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Canada - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Canada - Year-over-year growth 2022-2027 (%)
    • Japan - Market size and forecast 2022-2027
      • Table Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Expanding retail space
      • Health benefits of agarwood essential oils
      • Increasing use of agarwood essential oil in home care products
    • Market challenges
      • Increasing availability of counterfeit products
      • Rising threat from substitute products
      • Lack of standard in trade practices of agarwood
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2022 and 2027
    • Market trends
      • Rising demand for aromatherapy
      • Clean labeling of essential oils
      • Increasing demand for organic and cold-pressed agarwood essential oil
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • Biofinest
      • Table Biofinest - Overview
      • Table Biofinest - Product / Service
      • Table Biofinest - Key offerings
    • Biolandes SAS
      • Table Biolandes SAS - Overview
      • Table Biolandes SAS - Product / Service
      • Table Biolandes SAS - Key offerings
    • Deve Herbes
      • Table Deve Herbes - Overview
      • Table Deve Herbes - Product / Service
      • Table Deve Herbes - Key offerings
    • Essential Oil Wizardry
      • Table Essential Oil Wizardry - Overview
      • Table Essential Oil Wizardry - Product / Service
      • Table Essential Oil Wizardry - Key offerings
    • Grandawood
      • Table Grandawood - Overview
      • Table Grandawood - Product / Service
      • Table Grandawood - Key offerings
    • Gritman Corp.
      • Table Gritman Corp. - Overview
      • Table Gritman Corp. - Product / Service
      • Table Gritman Corp. - Key offerings
    • Hoang Giang Agarwood Ltd.
      • Table Hoang Giang Agarwood Ltd. - Overview
      • Table Hoang Giang Agarwood Ltd. - Product / Service
      • Table Hoang Giang Agarwood Ltd. - Key news
      • Table Hoang Giang Agarwood Ltd. - Key offerings
    • HYSSES Pte Ltd.
      • Table HYSSES Pte Ltd. - Overview
      • Table HYSSES Pte Ltd. - Product / Service
      • Table HYSSES Pte Ltd. - Key offerings
    • JiAn ZhongXiang Natural Plants Co. Ltd.
      • Table JiAn ZhongXiang Natural Plants Co. Ltd. - Overview
      • Table JiAn ZhongXiang Natural Plants Co. Ltd. - Product / Service
      • Table JiAn ZhongXiang Natural Plants Co. Ltd. - Key offerings
    • Katyani Exports
      • Table Katyani Exports - Overview
      • Table Katyani Exports - Product / Service
      • Table Katyani Exports - Key offerings
    • Maruti Natural Fragrances
      • Table Maruti Natural Fragrances - Overview
      • Table Maruti Natural Fragrances - Product / Service
      • Table Maruti Natural Fragrances - Key offerings
    • Nusaroma
      • Table Nusaroma - Overview
      • Table Nusaroma - Product / Service
      • Table Nusaroma - Key offerings
    • Oud and Musk
      • Table Oud and Musk - Overview
      • Table Oud and Musk - Product / Service
      • Table Oud and Musk - Key offerings
    • Thai Borai Agarwood Co. Ltd.
      • Table Thai Borai Agarwood Co. Ltd. - Overview
      • Table Thai Borai Agarwood Co. Ltd. - Product / Service
      • Table Thai Borai Agarwood Co. Ltd. - Key offerings
    • Tram Huong Viet
      • Table Tram Huong Viet - Overview
      • Table Tram Huong Viet - Product / Service
      • Table Tram Huong Viet - Key offerings
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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