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Sandalwood Oil Market Globally Expected to Drive Growth through 2026
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Natural perfumeries always have a huge demand among the consumers all over the world. Sandalwood oil is universally traded and supplied to various industries as it forms an active ingredient. Along with cosmetics and personal care, sandalwood also processes aroma therapeutic properties which find its application over massaging and spa. Sandalwood oil is known for its medicinal application in treating somatic and mental disorders due to the presence of α-santalol. Increasing natural cosmetic products and escalating consumption of aromatic compounds have generated demand for sandalwood oil. As the seeds of sandalwood are easily available from the plants and multiplied by natural propagation, the production of sandalwood oil can be amplified.However, older plants produce higher sandalwood oil than younger ones. Sandalwood oils are marketed at expensive prices than other essential oils due to its unique properties. The sandalwood oil is expected to proliferate in terms of value & volume due to growing beauty consciousness and widening hospitality services.
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Some of the major key players of Sandalwood oil includes Albert Vieille, Doterra International LLC, Eden Botanicals, Santanol Group, Plant Therapy Essential Oils, Aditi Essentials, Haldin International, Jiangyin Healthway, Kanta Enterprises, PerfumersWorld, etc. Several industrialists and cosmetic and personal care product developers are showing keen interest in sandalwood oil as there has been a significant increase in its demand.
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