Global Sandalwood Extract Market Growth 2023-2029

Global Sandalwood Extract Market Growth 2023-2029

Sandalwood is a class of woods from trees in the genus Santalum. The woods are heavy, yellow, and fine-grained, and unlike many other aromatic woods, they retain their fragrance for decades. Indian Sandalwood Oil (Santalum Album) is extracted from the woods for use. Sandalwood is the second most expensive wood in the world, after African blackwood. Both the wood and the oil produce a distinctive fragrance that has been highly valued for centuries. Consequently, species of these slow-growing trees have suffered over-harvesting in the past century.
LPI (LP Information)' newest research report, the “Sandalwood Extract Industry Forecast” looks at past sales and reviews total world Sandalwood Extract sales in 2022, providing a comprehensive analysis by region and market sector of projected Sandalwood Extract sales for 2023 through 2029. With Sandalwood Extract sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Sandalwood Extract industry.
This Insight Report provides a comprehensive analysis of the global Sandalwood Extract landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Sandalwood Extract portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Sandalwood Extract market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Sandalwood Extract and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Sandalwood Extract.
The global Sandalwood Extract market size is projected to grow from US$ 112.5 million in 2022 to US$ 142.4 million in 2029; it is expected to grow at a CAGR of 142.4 from 2023 to 2029.
Global Sandalwood Extract key players include Quintis (former TFS Corporation), Santanol Group, KS&DL (Karnataka Soaps & Detergents Limited), Meena Perfumery, RK-Essential Oils Company, etc. Global top five manufacturers hold a share over 65%.
Australia is the largest market, with a share about 65%, followed by India and Indonesia, both have a share about 30 percent.In terms of product, East Indian Sandalwood Oil is the largest segment, with a share about 85%. And in terms of application, the largest application is Personal Care, followed by Aromatherapy, Pharmaceuticals, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Sandalwood Extract market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
East Indian Sandalwood Oil
Australian Sandalwood Oil
Segmentation by application
Personal Care
Aromatherapy
Pharmaceuticals
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Quintis (TFS Corporation)
Mercer(Santanol Group)
KS&DL (Karnataka Soaps & Detergents Limited)
Meena Perfumery
RK-Essential Oils Company
Naresh International
Katyani Exports
Essentially Australia
Sandalwood Forest (Qingyuan)
Jiangxi Jishui Natural Essential oil Factory
Jinagxi Xuesong

Key Questions Addressed in this Report
What is the 10-year outlook for the global Sandalwood Extract market?
What factors are driving Sandalwood Extract market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Sandalwood Extract market opportunities vary by end market size?
How does Sandalwood Extract break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.