Press release
Sandalwood Oil Market is expected to grow at a CAGR of 6.09 % from 2023-2030 : Cognitive Market Research
Sandalwood Oil Market is expected to grow at a CAGR of 6.09 % from 2023-2030 : Cognitive Market Research
Sandalwood oil is an essential oil extracted from the heartwood of the sandalwood tree which is native to India, Nepal, and other parts of Southeast Asia. It is known for its rich, sweet woody aroma, this oil is widely used in perfumery, cosmetics, and aromatherapy. The oil is pale yellow or golden in color and has a thick oily consistency.
Summary:
• Global Sandalwood Oil Market Size Was Valued at USD 92.90 Million In 2022 And Is Expected to Grow at A CAGR Of 6.09 % During the Forecast Period, Reaching USD 149.08 Million By 2030
• The rising adoption of traditional medicine to treat a range of conditions including anxiety, depression, skin disorders, and digestive issues is the major driving factor for the growth of the sandalwood oil market.
• Asia Pacific is accounted for the largest share of the sandalwood oil market.
• The personal care segment acquired a major share in 2022. It is attributed to the increasing demand for anti-inflammatory products in the personal care industry due to their aromatic properties and potential benefits for the skin.
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https://www.cognitivemarketresearch.com/sandalwood-oil-market-report
Market Dynamics:
The rising adoption of traditional medicine to treat a range of conditions including anxiety, depression, skin disorders, and digestive issues is the main driving factor contributing to the growth of the global sandalwood oil market during the forecast period. Sandalwood oil has been used for decades as a traditional medicine, especially in India and China to have anti-inflammatory, antiseptic, and sedative properties. Additionally, the increasing demand for oil in aromatherapy is another key factor propelling the growth of this market. However, there are common side effects of sandalwood oil that include itching of the skin may obstruct the growth of the global sandalwood oil market in near future. Further, sandalwood oil is quickly gaining a reputation as an excellent active ingredient in the personal care industry. This is expected to create great opportunities for the market during the forecast period.
Market Segmentation:
By Product
• Natural
• Lab-created
Natural product type held the major revenue share in 2022
The natural segment leads the revenue share in terms of type due to the rising demand for sustainable ingredients in daily life routines. Furthermore, sandalwood oil is a natural and sustainable ingredient. It is biodegradable and non-toxic, making it an eco-friendly choice for further use in cosmetics, perfumes, and other products.
By Application
• Personal Care
• Aromatherapy
• Pharmaceuticals
• Others
Based on application, the personal care segment acquired a major share in 2022
The personal care segment acquired a major share in 2022. It is attributed to the increasing demand for anti-inflammatory products in the personal care industry due to their aromatic properties and potential benefits for the skin.
Competitive Analysis for The Sandalwood Oil Market :
Albert Vieille SAS, Doterra International LLC, Eden botanicals,Santanol Group, Plant Therapy Essential Oils,, Aditi Essentials, Haldin International Iangyin Healthway ,Kanta Enterprises, PerfumersWorld Ltd. ,Ancient Healer ,Khadi Natural ,Vedic Vaani ,Cliara Essential Oils ,Sallamander Concepts Pty Ltd
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Regional Analysis:
Asia Pacific dominated the sandalwood oil market during the forecast period.
Asia Pacific is expected to hold relatively the largest share of the sandalwood oil market during the forecast period. It is mainly because of Asia is the largest producer and exporter of sandalwood oil along with the growing popularity of sandalwood oil in the perfume and fragrance industry. Further, other Asia Pacific countries, such as Australia, Indonesia, and Sri Lanka, also produce sandalwood oil on a large scale.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Sandalwood Oil Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Sandalwood Oil Market Segmentation
1.5.1 Sandalwood Oil Market Regional Fragmentation
1.5.1 Sandalwood Oil Market Players
• 1.6 Report Duration
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Sandalwood Oil Market
• 3.1 Global Sandalwood Oil Market Size 2018 - 2030, (USD Million)
• 3.2 Global Sandalwood Oil Market Statistics 2022: Snapshot
Chapter 4 Global Sandalwood Oil Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Sandalwood Oil Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global Sandalwood Oil Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Sandalwood Oil Market Regional Analysis
Chapter 11 North America Sandalwood Oil Market Outlook (2018 - 2030)
Chapter 12 Europe Sandalwood Oil Market Outlook (2018 - 2030)
Chapter 13 Asia Pacific Sandalwood Oil Market Outlook (2018 - 2030)
Chapter 14 Latin America Sandalwood Oil Market Outlook (2018 - 2030)
Chapter 15 Middle East and Africa Sandalwood Oil Market Outlook (2018 - 2030)
Chapter 16 Research Findings
To know more Sandalwood Oil Market TOC click here:
https://www.cognitivemarketresearch.com/sandalwood-oil-market-report#table_of_contentsRelated report
Cosmetic oil market :
https://www.cognitivemarketresearch.com/cosmetic-oil-market-report
Sandalwood Aroma Ingredients and Sandalwood Oil Market:
https://www.cognitivemarketresearch.com/sandalwood-aroma-ingredients-and-sandalwood-oil-market-report
Skin care products market:
https://www.cognitivemarketresearch.com/skin-care-products-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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