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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Sandalwood Oil Market Size
The global sandalwood oil market value reached approximately USD 135.19 million in 2023. The market is further projected to grow at a CAGR of 8.7% between 2024 and 2032, reaching a value of USD 287.72 million by 2032.
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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124