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Sandalwood Market is projected to grow at a CAGR of 7.20% within the forecast period of 2023-2030: Cognitive Market Research
Sandalwood Market is projected to grow at a CAGR of 7.20% within the forecast period of 2023-2030: Cognitive Market Research
- Sandalwood refers to a fragrant wood that comes from species of trees belonging to the genus Santalum. The most well-known and widely used species is the Santalum album, known as Indian sandalwood. It holds the highest concentration of a-santol and b-sotalol which is the chemical compounds accountable for sandalwood's luxurious woody-floral scent. Sandalwood is highly valued for its distinctive aroma and has been used for several years in perfumes, soaps, beauty products, and traditional medicine. Today, sandalwood is the second most expensive wood globally.
Summary:
- As per Cognitive Market Research, Global Sandalwood market size was $820.29 Million in 2022. Sandalwood Industry's Compound Annual Growth Rate will be 7.20% from 2023 to 2030.
To know more about The Sandalwood Market Insights click here: https://www.cognitivemarketresearch.com/sandalwood-market-report
Sandalwood Market Dynamics:
• Increasing adoption of sandalwood oil in personal care products
The growth of the sandalwood market is primarily driven by the growing adoption of sandalwood oil in personal care products. Sandalwood oil is valued for its unique fragrance and various beneficial properties, making it a popular ingredient in a wide range of personal care and cosmetic products. In recent years, modern consumers have begun to seek out this woody oil for use in perfumes, cosmetics, and skincare products. For example, North Asia is the largest beauty and personal care product market. In 2021, North Asia held over one-third of the market, and China has increased its footprint to become the industry front-runner in this region.
Sandalwood oil is known for its potential skincare benefits. It has properties that can help soothe and moisturize the skin, reduce inflammation, and promote a healthy complexion.
• Growing demand for wood crafts and decorative furniture
Sandalwood Market Segmentation:
Type:
• Australian Sandalwood
• Indian Sandalwood
Application:
• Personal Car
• Aromatherapy
• Pharmaceuticals
• Others
Distribution channel:
• Direct Distribution Channel
• Indirect Distribution Channel
Santalol:
• Alpha Santalol
• Beta Santalol
Competitive Analysis for Sandalwood Market: Quintis Ltd, FPC, WA Sandalwood Plantations Pty Ltd, Santanol Group, KS&DL, Sandalwood Forest, Mukinbudin Sandalwood Factory
Get free sample pages of the latest published Sandalwood Market Report: https://www.cognitivemarketresearch.com/sandalwood-market-report#request_sample
Company Profile
Quintis Ltd
Quintis Ltd is an Australia-based company engaged in providing natural, ethical & sustainable Indian and Australian sandalwood raw materials for every industry. The company provides the product as sandalwood oil, sandalwood powder, sandalwood chips, and, sandalwood logs. Furthermore, the product is used in various industries such as aromatherapy, Fragrance, used in carvings for handicrafts and furniture, incense, skincare & cosmetics, and traditional Chinese medicine industries.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Sandalwood Market
• 3.1 Global Sandalwood Market Size 2018 - 2030, (USD Million)
• 3.2 Global Sandalwood Value, Absolute & Opportunity Analysis
• 3.3 Global Sandalwood Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Sandalwood Market Statistics 2022: Snapshot
Chapter 4 Global Sandalwood Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Sandalwood Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Sandalwood Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Sandalwood Market by Distribution Channel Segmentation Analysis (2018-2030)
Chapter 12 Global Sandalwood Market by Santalol Segmentation Analysis (2018-2030)
Chapter 13 Global Sandalwood Market Regional Analysis
Chapter 14 North America Sandalwood Market Outlook (2018 - 2030)
Chapter 15 Europe Sandalwood Market Outlook (2018 - 2030)
Chapter 16 Asia Pacific Sandalwood Market Outlook (2018 - 2030)
Chapter 17 Latin America Sandalwood Market Outlook (2018 - 2030)
Chapter 18 Middle East and Africa Sandalwood Market Outlook (2018 - 2030)
Chapter 19 Research Findings
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To know more about Sandalwood Market TOC click here: https://www.cognitivemarketresearch.com/sandalwood-market-report#table_of_contents
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White Paper for Sandalwood Market: https://www.cognitivemarketresearch.com/white-papers/increasing-adoption-of-sandalwood-oil-in-personal-care-products-is-driving-the-sandalwood-market
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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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 operating 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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