Global Sandalwood Market Growth 2025-2031

Global Sandalwood Market Growth 2025-2031

The global Sandalwood market size is predicted to grow from US$ 311 million in 2025 to US$ 543 million in 2031; it is expected to grow at a CAGR of 9.8% from 2025 to 2031.

Sandalwood, of the genus Santalum, is a genus of woody flowering trees and plants. Most species are semi-parasitic and several produce a highly aromatic wood. The most common species are Indian sandalwood (Santalum album) and Australian sandalwood (Santalum spicatum), although Others species are used for their scent as well.

Australia is the largest Sandalwood market with about 69% market share. India is follower, accounting for about 20% market share.

The key players are Quintis, FPC, WA Sandalwood Plantations, Australian Sandalwood, Santanol Group, KS&DL, Sandalwood Forest etc. Top 3 companies occupied about 72% market share.

LP Information, Inc. (LPI) ' newest research report, the “Sandalwood Industry Forecast” looks at past sales and reviews total world Sandalwood sales in 2024, providing a comprehensive analysis by region and market sector of projected Sandalwood sales for 2025 through 2031. With Sandalwood sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Sandalwood industry.

This Insight Report provides a comprehensive analysis of the global Sandalwood 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 portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Sandalwood market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Sandalwood 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.

This report presents a comprehensive overview, market shares, and growth opportunities of Sandalwood market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Indian Sandalwood
Australian Sandalwood
Others

Segmentation by Application:
Personal Care
Aromatherapy
Pharmaceuticals
Sculpture
Furniture
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 analysing the company's coverage, product portfolio, its market penetration.
Quintis
FPC
WA Sandalwood Plantations
Australian Sandalwood
Santanol Group
KS&DL
Sandalwood Forest

Key Questions Addressed in this Report

What is the 10-year outlook for the global Sandalwood market?

What factors are driving Sandalwood market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Sandalwood market opportunities vary by end market size?

How does Sandalwood break out by Type, by Application?