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Agarwood Essential Oil Market Forecast 2023-2033: BIOLANDES SAS,Tien Phuoc Co., Ltd (Grandawood), Hoang Giang Agarwood Ltd.
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The global agarwood essential oil market is expected to reach a value of $1.5 billion by 2026, growing at a CAGR of 5.2% during the forecast period of 2021-2026. The increasing demand for natural and organic fragrances, coupled with the rising awareness of the therapeutic properties of essential oils, is expected to drive the growth of the agarwood essential oil market in the coming years.
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The agarwood essential oil market has been growing steadily in recent years, driven by increasing demand for natural and high-quality fragrances, as well as growing awareness of the health benefits of essential oils. The market is expected to continue growing at a healthy rate in the coming years, driven by increasing demand from the perfume, cosmetic, and aromatherapy industries.
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Companies Covered in This Report -
BIOLANDES SAS
Tien Phuoc Co., Ltd (Grandawood)
Hoang Giang Agarwood Ltd.
Dauper S.A.
Katyani Exports
Gritman Essential Oils
Essential Oil Wizardry
Biofinest USA
Nusaroma
The Imperial Oud Co
Deve Herbes
HYSSES Pte Ltd.
The agarwood essential oil market is also being driven by the increasing demand for luxury and high-end fragrances. Agarwood oil is one of the most expensive essential oils in the world, with prices ranging from $1,000 to $10,000 per kilogram. The oil is highly valued for its unique and luxurious scent, making it a popular ingredient in high-end perfumes and colognes. As the global fragrance market continues to grow, the demand for agarwood essential oil is expected to increase.
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