Market-Overview
Sandalwood oil is in high demand due to rising aesthetic consciousness. Sandalwood oil is utilized as an anti-wrinkle component, facial cleaning oil, and moisturizing agent in the cosmetic and personal care industries, growing its overall market share. As per MRFR, the market is estimated to gain a CAGR of 6.99% and achieve income worth USD 165.5 Million by the end of 2027.
Mounting consumer calls for commercial consumer items such as room fresheners, incense sticks, and aromatherapeutic mixing due to rising consumer desire for natural aromatic products will drive market expansion further in the forecast.
Key Players
The distinguished companies in the Sandalwood Oil industry are Doterra International LLC (Utah), Cliara Essential Oils (Sri Lanka), Eden botanicals (US), Santanol Group (Australia), Kanta Enterprises (India), Plant Therapy Essential Oils (US), Aditi Essentials (India), Haldin International (Indonesia), Iangyin Healthway (Japan), Albert Vieille SAS (France), PerfumersWorld Ltd. (Thailand), Ancient Healer (US), Khadi Natural (India), Vedic Vaani (India), and Sallamander Concepts Pty Ltd (South Africa).
Market Segmentation:
The segmental overview of the sandalwood market is conducted based on type, applications, and distribution channel. The sandalwood market is divided into two types: natural and synthetic. Sandalwood oil is categorized according to its application into personal care goods, medicines, and aromatherapy. Sandalwood oil is classified into two types based on its distribution channel: store-based and non-store-based.
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Regional Analysis
The Asia-Pacific region is assessed to account for the majority of the Sandalwood Oil industry. One explanation for this is that India is a big country in Asia-Pacific and a major manufacturer and user of sandalwood oil. However, individuals in adjacent countries such as Thailand increasingly purchase sandalwood oil. The North American market for sandalwood oil is predicted to surge significantly in terms of regional market share. The fact that the general public progressively wants to acquire and utilize organic and primarily natural products is fueling this increase. Sandalwood oil is also extensively imported in Europe, where it is used in hospitality services such as spas and massages.
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