Market Overview:
The global sandalwood essential oil market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The growth in the market can be attributed to the increasing demand for sandalwood essential oil in cosmetics and pharmaceuticals industry. Moreover, rising awareness about the benefits of sandalwood essential oil is also propelling its demand across the globe. Based on type, Indian Sandalwood Essential Oil segment is anticipated to lead the global market with a share of more than 50%, followed by Australian Sandalwood Essential Oil and others segments respectively. In terms of application, cosmetics industry segment dominates the global market with more than 60% share in terms revenue generated by different applications considered in this study.
Product Definition:
Sandalwood Essential Oil is derived from the wood of the sandalwood tree. It has a sweet, woodsy aroma and is used in perfumes and cosmetics. Sandalwood Essential Oil is also believed to have therapeutic properties and is used in aromatherapy.
Indian Sandalwood Essential Oil:
Indian sandalwood essential oil is extracted from the inner core of the sandalwood tree by steam distillation. It has a fruity, sweet aroma similar to that of vanilla. The oil contains compounds such as triterpenoids and sterols which have anti-inflammatory, anti-oxidant and immune system strengthening properties.
Australian Sandalwood Essential Oil:
Sandalwood essential oil is extracted from the inner bark of Australian sandalwood tree and it’s used in various applications. The main components of this essential oil include sesquiterpenoids, ketones, phenols, alcohols and aldehydes. These components have antiseptic, anti-inflammatory & antioxidant properties which help to reduce inflammation & pain in joints as well as arthritis problems.
Application Insights:
The cosmetics industry is anticipated to emerge as the fastest-growing segment over the forecast period. The product has a high demand in this application owing to its sandalwood fragrance, which is widely used in perfumes and cosmetics. Moreover, it finds applications in hair care products and skin care creams among others.
The pharmaceutical industry also exhibits promising growth prospects for sandalwood essential oil due to its antidiabetic property that helps regulate sugar levels in the body. It also helps treat constipation and indigestion by increasing gut motility, reducing gas production & improving digestion among other benefits making it an ideal ingredient for use within pharmaceutical formulations across various regions of the world including North America, Europe, Asia Pacific etc. Other major applications include food additives where it can be used as flavoring agent or preservative along with other EOs such as vanilla extract or lemongrass essential oil etc., animal feed supplements where it can be combined with coconut milk powder etc.
Regional Analysis:
Asia Pacific was the largest market in 2016 and is expected to continue its dominance over the forecast period. The region accounts for approximately 90% of global sandalwood essential oil production. India, Australia, China and Indonesia are some of the major exporters of these oils in this region. Growing demand from various end-use industries such as cosmetics, pharmaceuticals and others is anticipated to drive growth over the coming years.
The Asia Pacific held a dominant share owing to high product availability at low prices due to large area available for cultivation in this region which has resulted into high exports from Asian countries including India, Indonesia and Malaysia among others contributing towards significant share of overall exports globally (approximately 80%). Low labor cost along with easy availability of land has attracted many foreign investors who have established their manufacturing facilities in these countries resulting into higher production levels compared to other more developed regions worldwide which also contributes towards significant share globally (approximately 70%).
Growth Factors:
- Increasing demand for natural and organic products
- Rising awareness about the benefits of sandalwood oil
- Growing popularity of aromatherapy and essential oils
- Rising disposable income of consumers in developing countries
- Proliferation of online retailing
Scope Of The Report
Report Attributes
Report Details
Report Title
Sandalwood Essential Oil Market Research Report
By Type
Indian Sandalwood Essential Oil, Australian Sandalwood Essential Oil, Others
By Application
Cosmetics Industry, Pharmaceuticals Industry, Others
By Companies
DoTERRA International, Eden Botanicals, TFS Corporation, Santanol Group, RK-Essential Oils Company, Meena Perfumery, Royal Aroma, Sallamander Concepts, Naresh International, Essentially Australia, DoTERRA International, New Mountain Merchants, Dru Era, Amrit Fragrances, A.G. Industries, Jiangxi Jishui, Jinagxi Xuesong, Blue Bell Fragrances, Ravindra & Sons, Sandalwood Forest
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
189
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Sandalwood Essential Oil Market Report Segments:
The global Sandalwood Essential Oil market is segmented on the basis of:
Types
Indian Sandalwood Essential Oil, Australian Sandalwood Essential Oil, Others
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 Industry, Pharmaceuticals Industry, 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:
- DoTERRA International
- Eden Botanicals
- TFS Corporation
- Santanol Group
- RK-Essential Oils Company
- Meena Perfumery
- Royal Aroma
- Sallamander Concepts
- Naresh International
- Essentially Australia
- DoTERRA International
- New Mountain Merchants
- Dru Era
- Amrit Fragrances
- A.G. Industries
- Jiangxi Jishui
- Jinagxi Xuesong
- Blue Bell Fragrances
- Ravindra & Sons
- Sandalwood Forest
Highlights of The Sandalwood 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:
- Indian Sandalwood Essential Oil
- Australian Sandalwood Essential Oil
- Others
- By Application:
- Cosmetics Industry
- Pharmaceuticals Industry
- 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 Sandalwood 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?
Sandalwood essential oil is a fragrant oil extracted from the sandalwood tree. It has a woodsy, floral scent and is used in perfumes and soaps.
Some of the major companies in the sandalwood essential oil market are DoTERRA International, Eden Botanicals, TFS Corporation, Santanol Group, RK-Essential Oils Company, Meena Perfumery, Royal Aroma, Sallamander Concepts, Naresh International, Essentially Australia, DoTERRA International, New Mountain Merchants, Dru Era, Amrit Fragrances, A.G. Industries, Jiangxi Jishui, Jinagxi Xuesong, Blue Bell Fragrances, Ravindra & Sons, Sandalwood Forest.
The sandalwood 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 Sandalwood 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 Sandalwood Essential Oil Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Sandalwood 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 Sandalwood 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 Sandalwood Essential Oil Market Size & Forecast, 2018-2028
4.5.1 Sandalwood Essential Oil Market Size and Y-o-Y Growth
4.5.2 Sandalwood Essential Oil Market Absolute $ Opportunity
Chapter 5 Global Sandalwood 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 Sandalwood Essential Oil Market Size Forecast by Type
5.2.1 Indian Sandalwood Essential Oil
5.2.2 Australian Sandalwood Essential Oil
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Sandalwood 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 Sandalwood Essential Oil Market Size Forecast by Applications
6.2.1 Cosmetics Industry
6.2.2 Pharmaceuticals Industry
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Sandalwood 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 Sandalwood 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 Sandalwood Essential Oil Analysis and Forecast
9.1 Introduction
9.2 North America Sandalwood 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 Sandalwood Essential Oil Market Size Forecast by Type
9.6.1 Indian Sandalwood Essential Oil
9.6.2 Australian Sandalwood Essential Oil
9.6.3 Others
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 Sandalwood Essential Oil Market Size Forecast by Applications
9.10.1 Cosmetics Industry
9.10.2 Pharmaceuticals Industry
9.10.3 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 Sandalwood Essential Oil Analysis and Forecast
10.1 Introduction
10.2 Europe Sandalwood 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 Sandalwood Essential Oil Market Size Forecast by Type
10.6.1 Indian Sandalwood Essential Oil
10.6.2 Australian Sandalwood Essential Oil
10.6.3 Others
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 Sandalwood Essential Oil Market Size Forecast by Applications
10.10.1 Cosmetics Industry
10.10.2 Pharmaceuticals Industry
10.10.3 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 Sandalwood Essential Oil Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Sandalwood 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 Sandalwood Essential Oil Market Size Forecast by Type
11.6.1 Indian Sandalwood Essential Oil
11.6.2 Australian Sandalwood Essential Oil
11.6.3 Others
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 Sandalwood Essential Oil Market Size Forecast by Applications
11.10.1 Cosmetics Industry
11.10.2 Pharmaceuticals Industry
11.10.3 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 Sandalwood Essential Oil Analysis and Forecast
12.1 Introduction
12.2 Latin America Sandalwood 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 Sandalwood Essential Oil Market Size Forecast by Type
12.6.1 Indian Sandalwood Essential Oil
12.6.2 Australian Sandalwood Essential Oil
12.6.3 Others
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 Sandalwood Essential Oil Market Size Forecast by Applications
12.10.1 Cosmetics Industry
12.10.2 Pharmaceuticals Industry
12.10.3 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) Sandalwood Essential Oil Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Sandalwood 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) Sandalwood Essential Oil Market Size Forecast by Type
13.6.1 Indian Sandalwood Essential Oil
13.6.2 Australian Sandalwood Essential Oil
13.6.3 Others
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) Sandalwood Essential Oil Market Size Forecast by Applications
13.10.1 Cosmetics Industry
13.10.2 Pharmaceuticals Industry
13.10.3 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 Sandalwood Essential Oil Market: Competitive Dashboard
14.2 Global Sandalwood Essential Oil Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DoTERRA International
14.3.2 Eden Botanicals
14.3.3 TFS Corporation
14.3.4 Santanol Group
14.3.5 RK-Essential Oils Company
14.3.6 Meena Perfumery
14.3.7 Royal Aroma
14.3.8 Sallamander Concepts
14.3.9 Naresh International
14.3.10 Essentially Australia
14.3.11 DoTERRA International
14.3.12 New Mountain Merchants
14.3.13 Dru Era
14.3.14 Amrit Fragrances
14.3.15 A.G. Industries
14.3.16 Jiangxi Jishui
14.3.17 Jinagxi Xuesong
14.3.18 Blue Bell Fragrances
14.3.19 Ravindra & Sons
14.3.20 Sandalwood Forest
