Market Overview:
The global agarwood essential oil market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for agarwood essential oil in cosmetics & personal care and incense applications. Moreover, the growing awareness about the therapeutic properties of agarwood essential oil is also propelling its demand across the globe. Based on type, natural agarwood essential oil held a dominant share in 2017 and is anticipated to maintain its dominance throughout the forecast period. This can be attributed to its high quality and superior fragrance as compared to other types of agarwood oils available in the market. However, organic Agarwood Essential Oil is projected to grow at a higher CAGR during 2018-2030 owing to rising consumer preference for organic products across different regions worldwide. On basis of application, cosmetics & personal care segment accounted for majority share in 2017 and is projected witness highest growth rate over next decade due rising inclination towards using natural ingredients in various beauty products such as skin care creams, hair oils etc.
Product Definition:
Agarwood essential oil is a fragrant oil derived from the agarwood tree. The oil has a woodsy, earthy fragrance and is used in aromatherapy to promote relaxation. Agarwood essential oil may also help to relieve stress and anxiety.
Natural Agarwood Essential Oil:
Natural Agarwood Essential Oil is the distillate of the inner core of agarwood trees, which is extracted from a large tree that grows in Indonesia and Malaysia. The oil has antiseptic, anti-tumor, sedative and stimulant properties. It also helps to reduce stress and anxiety as well as aids in digestion.
Organic Agarwood Essential Oil:
Organic agarwood essential oil is a clear, colorless liquid extracted from the tree called Agarum. It has antiseptic, anti-inflammatory and antiviral properties. Organic agarwood essential oil helps in stimulating bone marrow and blood flow to the brain which is useful for people suffering from anemia.
It also helps in reducing stress.
Application Insights:
The cosmetics and personal care application segment led the global agarwood essential oil market in 2017. This is attributed to increasing demand for wood-based products due to their high antioxidant content, which helps prevent skin damage caused by free radicals. The product has a pleasant scent that can be used as an ingredient in perfumes and other cosmetic products. It also finds applications in deodorants, hair conditioners and color cosmetics among others.
Agarwood essential oil is considered to have sedative properties that help relax the mind when applied topically; this property makes it suitable for use as an ingredient in aromatherapy massage oils or massages at spas or resorts. These factors are likely to increase its consumption as a spa treatment over the coming years, thereby driving growth of the spa industry globally, which will further fuel demand for agarwood essential oil over the forecast period (see figure 1).
Regional Analysis:
Asia Pacific dominated the global agarwood essential oil market in 2017. The region is expected to witness a significant CAGR of XX% during the forecast period. Increasing demand for agarwood essential oil from China and Japan on account of growing popularity for its natural ingredients as well as therapeutic properties is anticipated to propel industry growth in this region.
The cosmetics industry in India has witnessed rapid growth over the past few years owing to increasing consumer spending on personal care products, such as skin care creams, hair oils, and perfumes among others.
Growth Factors:
- Increasing demand for luxury products: The Agarwood Essential Oil is a high-priced product and its demand is increasing due to the growth of the luxury goods market.
- Rising income levels in developing countries: A large number of consumers in developing countries are now able to afford luxury products, including Agarwood Essential Oil. This is driving the growth of the market for this essential oil.
- Growing popularity of aromatherapy: Aromatherapy is becoming increasingly popular, and Agarwood Essential Oil is being used as a key ingredient in many aromatherapy applications. This is helping to drive its demand among consumers worldwide.
- Rising awareness about the health benefits of essential oils: There has been a growing awareness about the health benefits of essential oils, such as those offered by Agarwood Essential Oil. This has helped to boost its demand among consumers globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Agarwood Essential Oil Market Research Report
By Type
Natural Agarwood Essential Oil, Organic Agarwood Essential Oil
By Application
Cosmetics & Personal Care, Incense, Therapeutics, Others
By Companies
Ji’an Zhongxiang Natural Plants, Maruti Natural Fragrances, Xi’an Natural Field Bio-Technique, Hoang Giang Agarwood Company Limited, Ji’an Zhongxiang Natural Plants
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
214
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Agarwood Essential Oil Market Report Segments:
The global Agarwood Essential Oil market is segmented on the basis of:
Types
Natural Agarwood Essential Oil, Organic Agarwood Essential Oil
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
Cosmetics & Personal Care, Incense, Therapeutics, Others
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:
- Ji’an Zhongxiang Natural Plants
- Maruti Natural Fragrances
- Xi’an Natural Field Bio-Technique
- Hoang Giang Agarwood Company Limited
- Ji’an Zhongxiang Natural Plants
Highlights of The Agarwood Essential Oil 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:
- Natural Agarwood Essential Oil
- Organic Agarwood Essential Oil
- By Application:
- Cosmetics & Personal Care
- Incense
- Therapeutics
- Others
- 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 Essential Oil 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
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 essential oil is a fragrant oil derived from the wood of the Agarwood tree. The oil has been used in traditional medicine for centuries to treat a variety of ailments, including anxiety, depression, and stress.
Some of the major players in the agarwood essential oil market are Ji¢â‚¬â„¢an Zhongxiang Natural Plants, Maruti Natural Fragrances, Xi¢â‚¬â„¢an Natural Field Bio-Technique, Hoang Giang Agarwood Company Limited, Ji¢â‚¬â„¢an Zhongxiang Natural Plants.
The agarwood essential oil market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Agarwood Essential Oil 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 Essential Oil Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Agarwood Essential Oil 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 Essential Oil 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 Essential Oil Market Size & Forecast, 2018-2028
4.5.1 Agarwood Essential Oil Market Size and Y-o-Y Growth
4.5.2 Agarwood Essential Oil Market Absolute $ Opportunity
Chapter 5 Global Agarwood Essential Oil 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 Essential Oil Market Size Forecast by Type
5.2.1 Natural Agarwood Essential Oil
5.2.2 Organic Agarwood Essential Oil
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Agarwood Essential Oil 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 Essential Oil Market Size Forecast by Applications
6.2.1 Cosmetics & Personal Care
6.2.2 Incense
6.2.3 Therapeutics
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Agarwood Essential Oil 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 Essential Oil 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 Essential Oil Analysis and Forecast
9.1 Introduction
9.2 North America Agarwood Essential Oil 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 Essential Oil Market Size Forecast by Type
9.6.1 Natural Agarwood Essential Oil
9.6.2 Organic Agarwood Essential Oil
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 Essential Oil Market Size Forecast by Applications
9.10.1 Cosmetics & Personal Care
9.10.2 Incense
9.10.3 Therapeutics
9.10.4 Others
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 Essential Oil Analysis and Forecast
10.1 Introduction
10.2 Europe Agarwood Essential Oil 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 Essential Oil Market Size Forecast by Type
10.6.1 Natural Agarwood Essential Oil
10.6.2 Organic Agarwood Essential Oil
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 Essential Oil Market Size Forecast by Applications
10.10.1 Cosmetics & Personal Care
10.10.2 Incense
10.10.3 Therapeutics
10.10.4 Others
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 Essential Oil Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Agarwood Essential Oil 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 Essential Oil Market Size Forecast by Type
11.6.1 Natural Agarwood Essential Oil
11.6.2 Organic Agarwood Essential Oil
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 Essential Oil Market Size Forecast by Applications
11.10.1 Cosmetics & Personal Care
11.10.2 Incense
11.10.3 Therapeutics
11.10.4 Others
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 Essential Oil Analysis and Forecast
12.1 Introduction
12.2 Latin America Agarwood Essential Oil 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 Essential Oil Market Size Forecast by Type
12.6.1 Natural Agarwood Essential Oil
12.6.2 Organic Agarwood Essential Oil
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 Essential Oil Market Size Forecast by Applications
12.10.1 Cosmetics & Personal Care
12.10.2 Incense
12.10.3 Therapeutics
12.10.4 Others
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 Essential Oil Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Agarwood Essential Oil 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 Essential Oil Market Size Forecast by Type
13.6.1 Natural Agarwood Essential Oil
13.6.2 Organic Agarwood Essential Oil
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 Essential Oil Market Size Forecast by Applications
13.10.1 Cosmetics & Personal Care
13.10.2 Incense
13.10.3 Therapeutics
13.10.4 Others
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 Essential Oil Market: Competitive Dashboard
14.2 Global Agarwood Essential Oil Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ji’an Zhongxiang Natural Plants
14.3.2 Maruti Natural Fragrances
14.3.3 Xi’an Natural Field Bio-Technique
14.3.4 Hoang Giang Agarwood Company Limited
14.3.5 Ji’an Zhongxiang Natural Plants
