Oud Extracts Market will project a compound annual growth rate (CAGR) of 8.9%,opportunities and challenges

Data Bridge Market Research analyses that the oud extracts market will project a compound annual growth rate (CAGR) of 8.9% during the forecast period of 2021-2028 and will reach USD 2.66 billion by the year 2028.

View Detailed Report" https://www.databridgemarketresearch.com/reports/global-oud-extracts-market

Oud is basically extracted from the heartwood of Aquilaria trees which have been infected by a specific mould, producing the trees to produce a dark, scented resin. Out is one of the best-known and best-loved fragrance ingredients amongst consumers across the globe.

The increasing number of health-conscious consumers across the globe and raising awareness about agarwood essential oil among individuals are major factors anticipated to drive growth of the oud extracts market in the forecast period of 2021 to 2028. In addition, growing popularity of oud in developed and developing countries due to several properties associated with it such as maintain psychological health, antimicrobial, improve digestion, treats acne, anti-stress, anti-asthmatic, reduce muscle and joint pain, antioxidant, and others is also a key factor projected to boost growth of the oud extracts market during the forecast period.

Furthermore, increasing penetration of oud extracts by major manufacturers and rising popularity of oud oil are anticipated to create ample growth opportunities of the oud extracts oil market in the above mentioned forecast period. However, limited availability of oud essential oil in the market and high cost associated are major factors anticipated to restraint growth of the oud extracts market.

Key Players Analysis"

The major players covered in the oud extracts market report are IOLANDES 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. , WEFIVE group , Asia Plantation Capital Pte. Ltd. , Albert, Vieille SAS , THE MJI GROUP , Ji'an Zhongxiang Natural Plants Co., Ltd. ,Agarvina Co., LTD ,Edens Garden , ASSAM AROMAS among others. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Global Oud Extracts Market Scope and Market Size

The oud extracts market is segmented on the basis of application and end user industry. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

Based on the application technique, the oud extracts market is segmented into cosmetics and personal care, incense, therapeutics, and others.

Based on the end user industry, the oud extracts market is segmented into online stores, hypermarkets/supermarkets, specialized drug stores, and convenience stores.

Asia-Pacific dominates the oud extracts market and will continue to flourish its trend of dominance during the forecast period due to growing economies of India and China. North America is expected to score the highest growth rate in the forecast period of 2021 to 2028 high demand for aromatherapy treatment and rapid adoption of personal care products among individuals.

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