Global Sandalwood Oil Market Growth 2023-2029

Global Sandalwood Oil Market Growth 2023-2029

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 other species are used for their scent as well. The oil that distilled from eucarya spicata species, amyris and so on is not belonging to the Sandalwood Oil. Different sandalwood species are indigenous to India, Indonesia, Sri Lanka, Bangladesh (S. album), and Australia (S. spicatum and S. lanceolatum), as well as to several Pacific Islands such as Hawaii (S. ellipticum), Fiji and Tonga (S. yasi), Papua New Guinea (S. macgregorii), Vanuatu and New Caledonia (S. austrocaledonicum) and French Polynesia (S. insulare). Traditionally, sandalwood is wild-harvested, since cultivation is difficult. Because of over- and illegal harvesting, supplies of sandalwood, especially Indian sandalwood, have decreased considerably over the last 10-15 years. Consequently, efforts to cultivate sandalwood have increased; Australia now has several plantations of Indian sandalwood trees.
LPI (LP Information)' newest research report, the “Sandalwood Oil Industry Forecast” looks at past sales and reviews total world Sandalwood Oil sales in 2022, providing a comprehensive analysis by region and market sector of projected Sandalwood Oil sales for 2023 through 2029. With Sandalwood Oil sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Sandalwood Oil industry.
This Insight Report provides a comprehensive analysis of the global Sandalwood Oil 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 Oil portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Sandalwood Oil market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Sandalwood Oil 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 Oil.
The global Sandalwood Oil market size is projected to grow from US$ 136 million in 2022 to US$ 280.4 million in 2029; it is expected to grow at a CAGR of 280.4 from 2023 to 2029.
Global Sandalwood Oil key players include Quintis, Meena Perfumery, RK-Essential Oils, Santanol Group, KS&DL, etc. Global top five manufacturers hold a share about 65%. Asia Paicfic is the largest market, with a share about 40%, followed by Europe, with a share about 30 percent. In terms of product, Indian Sandalwood Oil is the largest segment, with a share about 85%. And in terms of application, the largest application is Aromatherapy, followed by Personal Care, Pharmaceuticals, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Sandalwood Oil market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Indian Sandalwood Oil
Australian Sandalwood Oil
Segmentation by application
Cosmetics (Perfumes)
Pharmaceuticals
Aromatherapy
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 )(Australia)
Santanol (Australia)
RK-Essential Oils (India)
Meena Perfumery (India)
Naresh International (India)
Essentially Australia (Australia)
Katyani Exports (India)
KS&DL (Karnataka Soaps & Detergents)(India)
Sandalwood Forest (Qingyuan) (China)
Jiangxi Jishui Natural Essential oil Factory (China)
Jinagxi Xuesong (China)
Key Questions Addressed in this Report
What is the 10-year outlook for the global Sandalwood Oil market?
What factors are driving Sandalwood Oil market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Sandalwood Oil market opportunities vary by end market size?
How does Sandalwood Oil 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.