Sandalwood Oil Market is poised to reach nearly US$ 165.5 Mn. at a CAGR 6.99% from 2021 to 2027

Sandalwood Oil Market Overview:

Renowned for its applications in the cosmetic and personal care industries, sandalwood oil is extracted through steam distillation of the chips and billets of sandalwood trees. Its versatile usage in soaps, shampoos, lotions, and its historical role in addressing various health concerns, such as headaches and urinary problems, contribute to its widespread adoption. Furthermore, the contemporary rise of aromatherapy has propelled the demand for sandalwood oil, enhancing psychological well-being.

However, the market is not without its challenges. The high price and limited availability of sandalwood, primarily concentrated in regions like India, Sri Lanka, and South Africa, pose obstacles to production and affordability. Manufacturers face the dual challenge of maintaining quality while addressing the increasing demand for more affordable sandalwood oil. Despite these challenges, the market presents opportunities for growth, driven by investments in research and development.

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Sandalwood Oil Market Regional Insights:

In the Sandalwood Oil market, regional insights play a pivotal role in understanding the dynamics of demand and supply. Asia-Pacific (APAC) emerges as the dominant player, capturing a substantial 60% market share in 2021. This dominance is primarily attributed to the vast availability of sandalwood trees in countries like India, coupled with the fact that key market players have established their headquarters in this region, particularly in India and Indonesia.

North America follows suit with a 16% market share, reflecting a growing preference for natural products in this region. Similarly, Europe holds a 10% market share in 2021, where an increasing demand for natural and eco-friendly products aligns with the Sandalwood Oil market trends. Both regions benefit from a population with high personal disposable income, making natural products, including sandalwood oil, more accessible. The Middle East & Africa captures an 8% market share, while South America holds 6%, indicating a global presence and appeal for sandalwood oil across diverse regions.

Sandalwood Oil Market Dynamics:

The dynamics of the Sandalwood Oil market are shaped by a combination of drivers, restraints, and opportunities, influencing the industry's trajectory. A significant driver propelling market growth is the health benefits associated with Sandalwood Oil. Its topical application has shown potential in preventing certain forms of skin malignancies, contributing to its increasing adoption. Furthermore, the pleasant scent of sandalwood oil has fueled its popularity in aromatherapy, establishing it as a key driver of market expansion worldwide. As consumers increasingly prioritize holistic well-being, the demand for sandalwood oil is expected to witness sustained growth.

However, the market faces challenges, with one prominent restraint being the high price and difficulty in sourcing sandalwood. Limited to specific regions such as India, Sri Lanka, and South Africa, the scarcity of sandalwood resources poses obstacles to production, making sandalwood oil relatively more expensive. Additionally, the intricate process of obtaining sandalwood contributes to the difficulty in making the oil, further restricting its availability. Despite these challenges, the market presents opportunities for growth, particularly in the realm of research and development.

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Sandalwood Oil Market Segmentation:

by Type

• Natural
• Lab Created

by Application

• Personal Care
• Pharmaceutical
• Aromatherapy

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Sandalwood Oil Market Key Players:

• 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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Table of content for the Sandalwood Oil Market includes:

1.Global Sandalwood Oil Market: Research Methodology

2.Global Sandalwood Oil Market: Executive Summary
• Market Overview and Definitions
● Introduction to the Global Market
● Summary
● Key Findings
● Recommendations for Investors
● Recommendations for Market Leaders
● Recommendations for New Market Entry

3.Global Sandalwood Oil Market: Competitive Analysis
• MMR Competition Matrix
● Market Structure by region
● Competitive Benchmarking of Key Players
● Consolidation in the Market
● M&A by region
● Key Developments by Companies
● Market Drivers
● Market Restraints
● Market Opportunities
● Market Challenges
● Market Dynamics
● PORTERS Five Forces Analysis
● PESTLE
● Regulatory Landscape by region
● North America
● Europe
● Asia Pacific
● Middle East and Africa
● South America
● COVID-19 Impact

4.Company Profile: Key players
• Company Overview
● Financial Overview
● Global Presence
● Capacity Portfolio
● Business Strategy
● Recent Developments

Key Offerings:
• Past Market Size and Competitive Landscape (2022 to 2029)
● Past Pricing and price curve by region (2022 to 2029)
● Market Size, Share, Size and Forecast by different segment | 2022-2029
● Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
● Market Segmentation - A detailed analysis by growth and trend
● Competitive Landscape - Profiles of selected key players by region from a strategic perspective
● Competitive landscape - Market Leaders, Market Followers, Regional player
● Competitive benchmarking of key players by region
● PESTLE Analysis
● PORTER's analysis
● Value chain and supply chain analysis
● Legal Aspects of business by region
● Lucrative business opportunities with SWOT analysis
● Recommendations

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