Global Sandalwood Oil Market Size 2019 to Witness Enhanced Growth with Major Key Manufacturers: Quintis (TFS Corporation), Santanol Group, RK-Essential Oils Company, Meena Perfumery, Naresh International, Essentially Australia, Katyani Exports

According to industry expert analyst new research report on “Global Sandalwood Oil Market Size 2019 to Witness Enhanced Growth with Major Key Manufacturers: Quintis (TFS Corporation), Santanol Group, RK-Essential Oils Company, Meena Perfumery, Naresh International, Essentially Australia, Katyani Exports ”. Bringing out the complete key insights of this industry, this report aims to provide opportunity for players to understand the latest trends, current market scenario, government initiatives, and technologies related to the market. Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years. The worldwide market for Sandalwood Oil is expected to grow at a CAGR of roughly 10.3% over the next five years, will reach 140 million US$ in 2024, from 78 million US$ in 2019. The global Sandalwood Oil market report covers every aspect of the market including statistics and key insights for the customers.

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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Scope of the Report:
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.
India is the second producer of sandalwood oil, the market concentration rate is low, most of the players are small, and the top players include Karnataka Soaps & Detergents Limited (KS&DL), RK-Essential Oils Company, Meena Perfumery, Katyani Exports and Naresh International etc.
In China, there are only several producer located in Jiangxi and Guangdong province, like Sandalwood Forest (cultivate Indian sandalwood in Guangdong), Jinagxi Xuesong and Jiangxi Jishui etc. low-yielding and low quality.
In terms of consumption of sandalwood oil, North America, Europe and India are dominating the consumption market, the sandalwood oils are mainly used in personal care products, cosmetics, perfumes, aromatherapy, Pharmaceuticals and other applications like mosquito coils and incense etc.
This industry is easily affected by the development of the sandalwood. The natural sandalwood trees are decreasing due to illegal felling and procurement of the wood. It will have to rely on the artificial cultivation in the future. And it is possible that the sandalwood oil price will keep a weak down trend in the future, thanks to the strong demand and the success of the artificial cultivation. So it's important to put an eye to the development of natural and artificial cultivation sandalwood, especially large production country, like Australia, India and , Indonesia and the Pacific Islands.

Market Segment by Manufacturers, this report covers
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)
Sandalwood Forest (Qingyuan) (China)
Jiangxi Jishui Natural Essential oil Factory (China)
Jinagxi Xuesong (China)

Market Segment by Type, covers
Indian Sandalwood Oil
Australian Sandalwood Oil

Market Segment by Applications, can be divided into
Cosmetics(Perfumes)
Pharmaceuticals
Aromatherapy
Others

Sandalwood Oil Market Segmentation:
The Sandalwood Oil aims to categorize entire worldwide market into various segments for better understanding. This has been done based on numerous parameters including product type, service type, application, end use, technology, geographical region, etc. This provides detailed description of each segments which may help readers to understand the market into smaller parts of it. The study provides insights in relevance with several components of each segment including market share, revenue, past performance, growth drivers, future outlook and more.

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Market Segment by Regions, regional analysis covers:
• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia, Spain and Benelux)
• Asia Pacific (China, Japan, India, Southeast Asia and Australia)
• Latin America (Brazil, Argentina and Colombia)
• Middle East and Africa

Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players. In the end the Sandalwood Oil Market report presents all the necessary data required to form resulting yielding business strategies for Industry experts, analysts and business decision makers to decide their business strategies and achieve proposed business aims. Finally, Sandalwood Oil market manufacturer report gives you details about the market research findings and conclusion which helps you to develop profitable market strategies to gain competitive advantage. In addition, helps the venture capitalist in understanding the companies better and take informed decisions.

*The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.
*Report helps the venture capitalist in understanding the companies better and take informed decisions.

Sandalwood Oil Market Report Offering Key Benefits:
• The study provides an in-depth analysis of the global Sandalwood Oil market with current and future trends to elucidate upon the imminent investment pockets in the market
• Current and future trends are outlined to determine the overall attractiveness and to single out profitable trends in order to gain a stronger foothold in the Sandalwood Oil market
• The report provides information regarding key drivers, restraints and opportunities with Sandalwood Oil market analysis
• Quantitative analysis of the current market and estimations through 2013-2020 are provided to showcase the financial appetency of the market
• Porters Five Forces model and SWOT analysis of the industry illustrates the potency of the buyers & suppliers participating in the Sandalwood Oil market
• Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain
• To strategically profile the key players and comprehensively analyze their growth strategies.

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