Sandalwood Oil Market is to grow at 6.99 % CAGR, with United States leading the market through 2030

Sandalwood Oil Market to Hit USD 202.68 Mn by 2030

The Sandalwood Oil Market was USD 126.30 Mn in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 6.99 % from 2023 to 2030, reaching USD 202.68 by 2030. Sandalwood oil is frequently used in skincare products, cosmetics, and aromatherapy because of its anti-inflammatory, antibacterial, and skin-rejuvenating qualities. Sandalwood oil's warm, rich, and enduring scent makes it a vital component of the fragrance and perfume industries. It is thought to induce relaxation, lessen tension, enhance mental clarity, and have relaxing effects. From 2024 to 2030, the sandalwood oil market in the United States is anticipated to expand at a Compound Annual Growth Rate (CAGR) of 6.5%.

Request Sample Link For More Details:https://www.maximizemarketresearch.com/request-sample/147187/

Sandalwood Oil Market Segmentation

By Type: Natural Sandalwood Oil is derived from the wood of the Santalum album tree, which makes it highly valuable. This is more expensive as compared to Lab-created sandalwood oil. Lab-created sandalwood Oil is synthetic or lab-created sandalwood oil, that mimics the scent and characteristics of real sandalwood, these are less expensive.

By Application: For Personal Care Sandalwood oil is Commonly found in moisturizers, lotions, creams, anti-aging treatments, facial masks, serums, and cleansers. It is also used in conditioners and hair serums, fragrances, colognes, and body sprays. Sandalwood oil is prized in the pharmaceutical sector for its therapeutic qualities, which include analgesic, antibacterial, and anti-inflammatory actions. Sandalwood oil is a popular option since it is often used in aromatherapy to enhance mental clarity and focus.

Want to access more insights? The journey starts from requesting Sample :https://www.maximizemarketresearch.com/request-sample/147187/

Sandalwood Oil Market Regional Analysis

United States, one of the biggest markets for high-end personal care products is the United States, where consumers are becoming more interested in sustainable and organic cosmetics. The usage of essential oils has increased as a result of the rising trend of holistic wellness and mental health awareness in the United States. The American market is favoring sandalwood oil that comes from ethical sources.

Germany, The European essential oil market, in which sandalwood oil plays an essential role, which was estimated to be worth USD 1.5 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 5% through 2030. One issue is Germany's reliance on imports, especially from nations like Australia and India, for its natural sandalwood oil.

China, Sandalwood oil is useful in China's pharmaceutical business because of its antibacterial, anti-inflammatory, and restorative qualities. The demand for sandalwood oil in the pharmaceutical industry is being further supported by China's growing trend for herbal medicine and alternative cures. In Traditional Chinese medicine (TCM) practices sandalwood is used for mental clarity, emotional balance, and physical healing.

To Gain More Insights into the Market Analysis, Browse Summary of the Research Report : https://www.maximizemarketresearch.com/market-report/sandalwood-oil-market/147187/

Sandalwood Oil Market Competitive Landscape

Young Living: Young Living acquired Tera Tree, to expand its presence in Southeast Asia, particularly in Indonesia. Young Living has agricultural estates in the US (Utah), France, Canada, Hawaii, and Ecuador, among other places.

Plant Therapy: Plant Therapy has made investments in distribution networks, certified organic farms, and strategic alliances with suppliers. The company may have acquired rights to certain product and added some new offerings as per the demand in the market.

Conclusion

A major contributor to the production and export of sandalwood oil worldwide is Asia-Pacific, especially India and Australia. As traditional sources of sandalwood oil become less sustainable, Australia's sandalwood plantations are becoming more significant.
The market's future will probably be shaped by customer demand for sustainable and ethically obtained sandalwood oil, with businesses concentrating on ethical sourcing methods and sustainable plantations to satisfy the rising demand.

Explore More Reports on Our Website :

♦ Global Dishwasher Tablets Market https://www.maximizemarketresearch.com/market-report/global-dishwasher-tablets-market/40011/

♦ Tote Bags Market https://www.maximizemarketresearch.com/market-report/global-tote-bags-market/107718/

♦ Travel Bag Market https://www.maximizemarketresearch.com/market-report/global-travel-bag-market/26844/

♦ Armor Market https://www.maximizemarketresearch.com/market-report/armor-market/124378/

♦ Global Base Layer Market https://www.maximizemarketresearch.com/market-report/base-layer-market/122316/

♦ Running Apparel Market https://www.maximizemarketresearch.com/market-report/global-running-apparel-market/103733/

Contact Maximize Market Research:

MAXIMIZE MARKET RESEARCH PVT. LTD.
⮝ 3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
✆ +91 9607365656
🖂 sales@maximizemarketresearch.com
🌐 www.maximizemarketresearch.com

About Maximize Market Research:

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

This release was published on openPR.