openPR Logo
Press release

With 9.0% CAGR, Global Aloeswood Oil Market Size to Surpass USD 29.5 Billion by the end of 2033

04-19-2023 09:03 AM CET | IT, New Media & Software

Press release from: Persistence Market Research

With 9.0% CAGR, Global Aloeswood Oil Market Size to Surpass USD

Aloeswood oil, also known as agarwood oil, is a rare and precious essential oil extracted from the agarwood tree, which is native to Southeast Asia. The oil has a rich, woody aroma and is highly valued in the perfume industry for its unique and exotic scent.

The aloeswood oil market is a niche market that caters to the high-end luxury fragrance industry. The market is driven by the growing demand for luxury fragrances, particularly in the Middle East and Asia-Pacific regions. Aloeswood oil is a key ingredient in many high-end fragrances, and its rarity and exclusivity make it highly sought after by discerning consumers.

Request for Free Sample  @  https://www.persistencemarketresearch.com/samples/19708

The market for aloeswood oil is highly fragmented, with a large number of small and medium-sized players operating in the market. Major players in the market include Givaudan, International Flavors & Fragrances Inc., Firmenich SA, Symrise AG, and Takasago International Corporation, among others. 

The market is also characterized by a high level of product differentiation, with each producer offering unique blends and formulations of aloeswood oil. The quality and purity of the oil also vary significantly, with some producers using synthetic substitutes or diluting the oil to increase profits.

Buy Now @ https://www.persistencemarketresearch.com/checkout/19708

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.In recent years, there has been growing concern over the sustainability of the agarwood tree population, as the tree is being overharvested to meet the growing demand for aloeswood oil. As a result, there is a growing trend towards sustainable and responsible sourcing of aloeswood oil, with many producers implementing ethical and environmentally friendly practices.

Request For Customization @ https://www.persistencemarketresearch.com/request-customization/19708

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.

Related Reports:

Flax Protein Powder Market : https://www.persistencemarketresearch.com/market-research/flax-protein-powder-market.asp

Rice Protein Market ; https://www.persistencemarketresearch.com/market-research/rice-protein-market.asp

Flavor Carrier Market : https://www.persistencemarketresearch.com/market-research/flavor-carrier-market.asp

Contact Us :

Persistence Market Research
305 Broadway,7th Floor New York City, NY 10007 United States
Call +1-646-568-7751
Call +1 800-961-0353
sales@persistencemarketresearch.com

About Us :

About Food & Beverage Division at Persistence Market Research

The Food & Beverage team at Persistence Market Research provides all the necessary insights and consulting analysis to fulfil the unique business intelligence needs of clients worldwide. With a catalogue of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release With 9.0% CAGR, Global Aloeswood Oil Market Size to Surpass USD 29.5 Billion by the end of 2033 here

News-ID: 3019223 • Views:

More Releases from Persistence Market Research

North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
Overview of the North America Wiring Devices Market The North America wiring devices market is poised for steady growth over the forecast period, with its size estimated at US$ 18.96 billion in 2024, projected to reach US$ 26.46 billion by 2031, reflecting a CAGR of 4.9%. The market is witnessing substantial expansion due to increasing urbanization, a rising number of residential and commercial construction projects, and the adoption of energy-efficient and
Global Forged Automotive Components Market Poised for Steady Growth, Projected to Reach US$ 70.7 Billion by 2032
Global Forged Automotive Components Market Poised for Steady Growth, Projected t …
The global forged automotive components market is on a robust growth trajectory, currently valued at approximately US$ 50.3 billion in 2025 and forecasted to expand to US$ 70.7 billion by the end of 2032. This growth represents a compound annual growth rate (CAGR) of 5.0% over the coming decade, driven by increasing automotive production, technological advancements, and evolving consumer preferences toward durable, high-performance vehicle parts. Forged automotive components are critical to
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ 2.14 Billion by 2032, Reports Persistence Market Research
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ …
The global electric cargo bike market is set to experience substantial growth over the coming decade, with Persistence Market Research (PMR) forecasting a compound annual growth rate (CAGR) of 11.9% from 2023 through 2032. Valued at approximately US$ 800 million in 2021, the market is expected to surge to a projected valuation of US$ 2.14 billion by the end of 2032. Notably, electric cargo bikes accounted for 66.2% of the
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Driven by Urbanization and Demographic Trends
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Drive …
The global bicycle bearings market is poised for significant expansion over the forecast period of 2025 to 2032, according to the latest report released by Persistence Market Research. Valued at approximately US$ 5.99 billion in 2024, the market is projected to reach US$ 6.35 billion by 2025 and further escalate to nearly US$ 9.86 billion by 2032. This growth trajectory reflects a compound annual growth rate (CAGR) of 6.5%, underscoring

All 5 Releases


More Releases for Aloeswood

Zodori Studio Unveils Artisan Jewelry Collection Celebrating Cultural Heritage a …
Hong Kong SAR, China - Zodori Studio [https://zodoristudio.com], renowned for its fusion of cultural symbolism and timeless design, proudly announces its latest collection of artisan jewelry. Crafted from ethically sourced natural gemstones, jade, amber, and rare woods like sandalwood and agarwood, each piece embodies a narrative of heritage, spirituality, and personal expression. A Symphony of Nature and Craftsmanship At the heart of Zodori's creations lies a commitment to authenticity and meaning. The
Discover the Serenity of the KarmaBless Agarwood Bracelet
In a world where stress and chaos often overshadow our daily lives, finding solace in simple yet profound elements of spirituality can bring much-needed tranquility. One such element that has captured the interest of many is the KarmaBless Agarwood Bracelet. This article delves into the essence of the KarmaBless Agarwood Bracelet, exploring its origins, benefits, and the unique serenity it offers to those who wear it. The Origins of Agarwood To fully
Agarwood Oil Market Is Anticipated To Rise At A CAGR Of 6% From 2023 To 2033
The global demand for agarwood oil is predicted to rise at a CAGR of 6%. The present market value of agarwood oil is $250 million USD, and it is expected to reach 450 million USD by the end of 2033. The Convention on International Trade in Endangered Species of Wild Fauna and Flora protects agarwood as an endangered species. Agarwood products such as oil, chips, logs, and dust are traded. Agarwood
The Aroma of Tranquility: Exploring the Agarwood Chips Market for Fragrant Escap …
The Agarwood chips market in particular, as well as changes in the non-timber forest products environment in general, call for a thorough understanding and fair analysis. In its latest services, Persistence Market Research (PMR) sheds light on a variety of subtleties and facets of this market as well as credible insights that can help market participants create value and make data-driven decisions. Between 2018 and 2022, the global agarwood chips market
Agarwood Chip Market Analysis, Growth By Top Companies, Trends By Types And Fore …
Agarwood Chip Market 2021-2026 Straits Research has recently added a new report to its vast depository titled Global Agarwood Chip Market. The report studies vital factors about the Global Agarwood Chip Market that are essential to be understood by existing as well as new market players. The report highlights the essential elements such as market share, profitability, production, sales, manufacturing, advertising, technological advancements, key market players, regional segmentation, and many more
Agarwood Essential Oil Market Research, Size, Share, Growth, Competitor Strategy …
Market Analysis: Agarwood essential oil, also, has high medicinal value and is extensively used by Ayurvedic practitioners which is one of the key drivers of agarwood essential oil market growth and expansion. Among all the other species, aquilaria species is the most popular one with a significant contribution towards accelerated revenue generation.  As the raw materials are rare to find, technological advancements have been witnessed to augment the cultivation of agarwood.