natural Sandalwood Oil Market, Manufacturing Cost Structure Analysis, Growth Opportunities & Restraints Forecast till 2027

Market Overview

The global Natural Natural Sandalwood Oil Market 2020, according to MRFR, is expected to register a CAGR of 6.99% over the review period (2019 to 2024) and reach USD 156 million by the end of 2024.

Market Dynamics

Increasing awareness of beauty has fueled the market for sandalwood oil. In addition to perfumery, sandalwood oil is also used in the cosmetic and personal care industries as a skin washing oil, anti-wrinkle ingredient, and as a moisturising agent. This increases its acceptance over the evaluation period in the beauty and makeup industry. Natural Sandalwood Oil Market, along with cosmetics, has a growing market among consumers for commercial consumer goods such as incense sticks, room fresheners, fragrance medicinal mixing, and others due to the increasing demand among natural consumers herbal products rather than synthetic perfumes. The sandalwood oil multi-utility is expected to develop positively in the forecast era.

Increases in the number of working populations in developed countries have contributed to higher levels of tension, which is tilting customers towards relaxation spas. Ultimately, this has a beneficial influence on the demand for sandalwood oil since it is a regularly used aromatherapy essential oil. A significant factor for the sandalwood oil industry is increasing demand for natural perfume over synthetic perfume. With the increase in the population's disposable income, the demand for personal care goods such as aromatic soaps, shampoos and lotions is growing, driving the growth of the industry.

Key Players

Doterra International LLC (Utah), Eden botanicals (US), Plant Therapy Essential Oils (US), Santanol Group (Australia), Haldin International (Indonesia), Aditi Essentials (India), Jiangyin Healthway (Japan), Albert Vieille SAS (France), Kanta Enterprises (India), PerfumersWorld Ltd. (Thailand), Ancient Healer (US), Vedic Vaani (India), Cliara Essential Oils (Sri Lanka), Khadi Natural (India), and Sallamander Concepts Pty Ltd (South Africa),  are some of the major players in the global natural Sandalwood Oil Market.

Market Segmentation:

The global natural Sandalwood Oil Market has been analyzed based on application, type, and region.

based on type, the global natural Sandalwood Oil Market has been bifurcated as natural and synthetic.

based on application, the global natural Sandalwood Oil Market has been segmented into aromatherapy, pharmaceuticals, personal care, and others.

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Regional Analysis

Four major regions, including the Asia Pacific, North America, Europe, and the rest of the world, have been analysed for the global natural Sandalwood Oil Market.

Because of the increased understanding of the benefits of sandalwood oil in markets such as India, Thailand, and Singapore, the Asia-Pacific market is expected to dominate the global natural Sandalwood Oil Market. Furthermore, the high disposable income resulting in increased purchasing power on personal care goods containing different essential oils is expected to improve the region's natural Sandalwood Oil Market.

Because of the increasing demand for products dependent on natural ingredients, the North American market is expected to substantially share the sandalwood market. In addition, the growing use of sandalwood oil in aromatherapy is expected to propel the development of the region's sandalwood oil industry. In the rest of the world, the global market for sandalwood oil is projected to expand at a steady pace due to increased demand for goods dependent on natural ingredients.

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