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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Sandalwood Oil Market Growth
Sandalwood oil refers to essential oil that is obtained by steam distilling billets and chips derived from the heartwood and roots of the Santalum album. The growth of the sandalwood oil market is driven by its finds applications in various beauty rituals and aromatherapy as it is one of the most popular fragrant essential oils.
The expansion of the personal care sector due to increased emphasis on physical appearance and self-care is boosting the sandalwood oil market growth as sandalwood oil finds applications in acne-treating products due to its skin-clearing and anti-inflammatory properties. The sandalwood oil market dynamics and trends are being enhanced by the oil's benefits, such as removing blemishes, scars, and dark spots, along with its anti-aging and toning properties.
Sandalwood Oil Market Report Snapshots
Sandalwood Oil Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market reached a value of approximately USD 135.19 million in 2023.
The market is estimated to grow at a CAGR of 8.7% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach about USD 287.72 million by 2032.
The major market drivers include rising utilisation by the pharmaceutical sector due to various benefits offered by the oil and increasing availability across various distribution channels.
The key trends fuelling the growth of the market include increasing popularity of massages and aromatherapy and rising utilisation of personal and skin care products.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The distribution channels for sandalwood oil include supermarkets/ hypermarkets, speciality stores, convenience stores, and online, among others.
The market's key players are Plant Therapy Essential Oils, Khadi Natural, Santanol, Albert Vieille SAS, doTERRA International, LLC, Quintis (Australia) Pty Ltd., Essential Oils Company, Blossom Kochhar Beauty Products Pvt. Ltd., Kanta Enterprises Private Limited, and Aditi Essentials, among others.
Based on the nature, the market is divided into organic and synthetic.
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