Press release
Sandalwood Oil Market Growing at a CAGR of 10.0% between 2018 and 2025
Sandalwood, of the genus Santalum, is a genus of woody flowering trees and plants. Most species are semi-parasitic and several produce a highly aromatic wood. The most common species are Indian sandalwood (Santalum album) and Australian sandalwood (Santalum spicatum), although other species are used for their scent as well.
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The oil that distilled from eucarya spicata species, amyris and so on is not belonging to the Sandalwood Oil.
The global sandalwood oil concentration rate is relatively low; the manufacturers are mainly distributed in eastern Indian Ocean and the Pacific Ocean, like Australia, India, Indonesia, Sri Lanka, Malaysia, China and Hawaii etc. Australia and India are dominating the global sandalwood oil market.
In Australia, is the largest producer of sandalwood oil, the market is dominated by few players like Quintis (former TFS Corporation), Santanol Group and Essentially Australia. Quintis now is the largest producer of sandalwood oil in the world, cultivates and manages huge santalum album trees in Australia, supplies sandalwood oil for the perfume and pharmaceutical use. Quintis’s customer include Galderma, Lush Cosmetics, Young Living, Santalis Pharmaceuticals and Estee Lauder etc.
The global Sandalwood Oil market is valued at 78 million USD in 2017 and is expected to reach 170 million USD by the end of 2025, growing at a CAGR of 10.0% between 2018 and 2025.
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This research report categorizes the China and global Sandalwood Oil market by type, end-use industry, and region.
International Manufacturers Covered
Quintis (TFS Corporation)(Australia)
Santanol Group (Australia)
RK-Essential Oils Company (India)
Meena Perfumery (India)
Naresh International (India)
Essentially Australia (Australia)
Katyani Exports (India)
KS&DL (Karnataka Soaps & Detergents Limited)(India)
China Local Manufacturers Covered
Sandalwood Forest (Qingyuan) (China)
Jiangxi Jishui Natural Essential oil Factory (China)
Jinagxi Xuesong (China)
...
By Type
Indian Sandalwood Oil
Australian Sandalwood Oil
Others (e.g. Pacific Island sandalwood oil and Indonesian sandalwood oil etc.)
By Application
Cosmetics(Perfumes)
Pharmaceuticals
Aromatherapy
Others
By Region
United States
Europe
Japan
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