Market Overview:
The global agarwood chip market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for agarwood chips from various applications, increasing awareness about the benefits of agarwood chips, and growing number of players in the market. The global agarwood chip market is segmented on the basis of type, application, and region. On the basis of type, it is divided into organic and conventional segments. The organic segment is projected to grow at a higher CAGR than that of the conventional segment during the forecast period owing to increasing demand for certified organic products across regions. On the basis of application, it is classified into fragrance & flavor industry, pharmaceuticals industry, aromatherapy industry and others including religious ceremonies & cultural events). Among these applications segments, fragrance & flavor industry held majority share in 2017 and this trend is anticipated continue throughoutthe forecast period 2018-2030 due To high consumption rate Of Agar wood Chips In This Industry And Rising Demand From Emerging Economies Such As China And India .Regionally speaking North America accounted For Largest Market Share In 2017 And Is Expected To Continue Its Dominance Over The Forecast Period Followed By Europe Asia Pacific Region Is Estimated To Grow At Highest Rate During The Forecast Period .
Product Definition:
Agarwood chip is a small piece of agarwood that has been cut from the main trunk or branch of the tree. Agarwood chip is used in aromatherapy and meditation because of its soothing and calming effects.
Organic:
Organic is a label applied to food and beverages by governments or regulatory agencies, indicating that the product has been produced in accordance with agricultural standards. Organic products are free from chemical additives and other non-edible components such as metal, bacteria, pesticides and antibiotics.
The global organic market was valued at USD 485 billion in 2016. The increasing awareness among consumers regarding the benefits of organic foods on account of their high nutritional value is expected to drive growth over the forecast period.
Conventional:
Agarwood chips are used in incense sticks, religious offerings, and as a flavoring agent in food products. Conventional agarwood chip is the one that has been processed from trees without using any chemicals or pesticides for protection against insects and diseases. The conventional type of agarwood chip is not expensive compared to its counterparts which makes it affordable for consumers across the globe.
Application Insights:
在线销售 application segment led the global agarwood chip market in 2017 and is projected to witness significant growth over the forecast period. The segment is projected to register a CAGR of XX% from 2018 to 2030 owing to its rising applications in perfumes, incense sticks and candles, aromatherapy, room fresheners, and potpourri mixtures among others.
The growing popularity of essential oils as natural ingredients for manufacturing perfumes has resulted in an increased demand for agarwood chips among several cosmetic manufacturers worldwide. In addition, increasing awareness regarding environmental issues such as air pollution caused due to burning fossil fuels has driven consumers towards using alternative products such as electric candles that do not cause harm to environment or human health has further boosted the product demand globally over the past few years.
Regional Analysis:
Asia Pacific dominated the global agarwood chip market in 2017. The region is expected to witness significant growth over the forecast period owing to high demand for agarwood oil from China and Japan. In addition, increasing number of manufacturing industries in countries such as India, Indonesia, Vietnam and Thailand are expected to drive regional market growth over the next eight years.
Europe accounted for a major share of revenue in 2017 owing to growing product demand from cosmetic industry particularly Germany and France on account of rising geriatric population prone towards skin problems. Moreover, presence of stringent regulations regarding synthetic fragrance ingredients is projected favorably impact industry growth over the forecast period – 208%.
Growth Factors:
- Increasing demand for luxury products: The global Agarwood Chip market is expected to grow at a CAGR of 5.5% during the forecast period. This growth can be attributed to the increasing demand for luxury products across the globe.
- Rising disposable income: The rising disposable income of consumers is another key factor that is expected to drive the growth of the global Agarwood Chip market during the forecast period. With an increase in their purchasing power, consumers are increasingly opting for high-end products, such as agarwood chips.
- Growing awareness about aromatherapy: A growing number of people are becoming aware about aromatherapy and its benefits, which is driving them to use agarwood chips as a natural way to improve their health and well-being.
Scope Of The Report
Report Attributes
Report Details
Report Title
Agarwood Chip Market Research Report
By Type
Organic, Conventional
By Application
在线销售, 线下零售
By Companies
Hoang Giang Agarwood, Lao Agar International Development, Asia Plantation Capital, NAGALAND AGARWOOD, WEFIVE group, K.A.B. Industries, Agarvina, Green Agro Agarwood Products, Sadaharitha Plantations, Assam Aromas, Hoang Giang Agarwood, Po Luo Senko Agarwood, OudAsia, Myanma Treasure, Homegrown Concept Sdn Bhd
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
200
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Agarwood Chip Market Report Segments:
The global Agarwood Chip market is segmented on the basis of:
Types
Organic, Conventional
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
在线销售, 线下零售
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hoang Giang Agarwood
- Lao Agar International Development
- Asia Plantation Capital
- NAGALAND AGARWOOD
- WEFIVE group
- K.A.B. Industries
- Agarvina
- Green Agro Agarwood Products
- Sadaharitha Plantations
- Assam Aromas
- Hoang Giang Agarwood
- Po Luo Senko Agarwood
- OudAsia
- Myanma Treasure
- Homegrown Concept Sdn Bhd
Highlights of The Agarwood Chip Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Organic
- Conventional
- By Application:
- 在线销售
- 线下零售
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Agarwood Chip Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Agarwood Chip is a type of incense made from the resin of the agarwood tree.
Some of the major players in the agarwood chip market are Hoang Giang Agarwood, Lao Agar International Development, Asia Plantation Capital, NAGALAND AGARWOOD, WEFIVE group, K.A.B. Industries, Agarvina, Green Agro Agarwood Products, Sadaharitha Plantations, Assam Aromas, Hoang Giang Agarwood, Po Luo Senko Agarwood, OudAsia, Myanma Treasure, Homegrown Concept Sdn Bhd.
The agarwood chip market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Agarwood Chip Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Agarwood Chip Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Agarwood Chip Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Agarwood Chip Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Agarwood Chip Market Size & Forecast, 2018-2028
4.5.1 Agarwood Chip Market Size and Y-o-Y Growth
4.5.2 Agarwood Chip Market Absolute $ Opportunity
Chapter 5 Global Agarwood Chip Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Agarwood Chip Market Size Forecast by Type
5.2.1 Organic
5.2.2 Conventional
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Agarwood Chip Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Agarwood Chip Market Size Forecast by Applications
6.2.1 在线销售
6.2.2 线下零售
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Agarwood Chip Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Agarwood Chip Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Agarwood Chip Analysis and Forecast
9.1 Introduction
9.2 North America Agarwood Chip Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Agarwood Chip Market Size Forecast by Type
9.6.1 Organic
9.6.2 Conventional
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Agarwood Chip Market Size Forecast by Applications
9.10.1 在线销售
9.10.2 线下零售
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Agarwood Chip Analysis and Forecast
10.1 Introduction
10.2 Europe Agarwood Chip Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Agarwood Chip Market Size Forecast by Type
10.6.1 Organic
10.6.2 Conventional
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Agarwood Chip Market Size Forecast by Applications
10.10.1 在线销售
10.10.2 线下零售
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Agarwood Chip Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Agarwood Chip Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Agarwood Chip Market Size Forecast by Type
11.6.1 Organic
11.6.2 Conventional
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Agarwood Chip Market Size Forecast by Applications
11.10.1 在线销售
11.10.2 线下零售
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Agarwood Chip Analysis and Forecast
12.1 Introduction
12.2 Latin America Agarwood Chip Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Agarwood Chip Market Size Forecast by Type
12.6.1 Organic
12.6.2 Conventional
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Agarwood Chip Market Size Forecast by Applications
12.10.1 在线销售
12.10.2 线下零售
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Agarwood Chip Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Agarwood Chip Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Agarwood Chip Market Size Forecast by Type
13.6.1 Organic
13.6.2 Conventional
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Agarwood Chip Market Size Forecast by Applications
13.10.1 在线销售
13.10.2 线下零售
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Agarwood Chip Market: Competitive Dashboard
14.2 Global Agarwood Chip Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hoang Giang Agarwood
14.3.2 Lao Agar International Development
14.3.3 Asia Plantation Capital
14.3.4 NAGALAND AGARWOOD
14.3.5 WEFIVE group
14.3.6 K.A.B. Industries
14.3.7 Agarvina
14.3.8 Green Agro Agarwood Products
14.3.9 Sadaharitha Plantations
14.3.10 Assam Aromas
14.3.11 Hoang Giang Agarwood
14.3.12 Po Luo Senko Agarwood
14.3.13 OudAsia
14.3.14 Myanma Treasure
14.3.15 Homegrown Concept Sdn Bhd
