Global Sandalwood Oil Market 2024-2028
The sandalwood oil market is forecasted to grow by USD 505.75 mn during 2023-2028, accelerating at a CAGR of 6.49% during the forecast period. The report on the sandalwood 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 numerous health benefits offered by sandalwood oil, the increasing prominence of private-label brands for sandalwood oil, and the growth of the organized retail sector.
Technavio's sandalwood oil market is segmented as below:
By Type
- Indian sandalwood oil
- Australian sandalwood oil
- Others
By Product
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the rising demand for aromatherapy as one of the prime reasons driving the sandalwood oil market growth during the next few years. Also, growing prominence for online retailing and increasing applications of sandalwood oil will lead to sizable demand in the market.
The report on the sandalwood oil market covers the following areas:
- Sandalwood oil market sizing
- Sandalwood oil market forecast
- Sandalwood oil market industry analysis
The 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 sandalwood oil market vendors including Aditi Essentials, Avi Naturals, BASF SE, Blossom Kochhar Beauty Products Pvt. Ltd., CLIARA ESSENTIAL OILS, doTERRA International LLC, Eden Botanicals, Essential Oils Co, Essentially Australia, Givaudan SA, Kanta Enterprises Pvt. Ltd., Karnataka Soaps and Detergents Ltd., Katyani Exports, Khadi Natural, MEENA PERFUMERY, PerfumersWorld Ltd., Plant Therapy Inc., Quintis Pty Ltd., Santanol Group, and Vedic Vaani. Also, the sandalwood 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.
The publisher presents a detailed picture of the market through study, synthesis, and summation of data from multiple sources by analyzing 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. The 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.