Sandalwood Market Is Booming Worldwide| Quintis, Santanol Group, Bastille Parfums

HTF MI recently introduced Global Sandalwood Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborating market size (2025-2032). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence.

Major companies profiled in Sandalwood Market are: Quintis (Australia), TFS Corporation (Australia), RK-Essential Oils (India), Santanol Group (Australia), Essentially Australia (Australia), Eden Botanicals (USA), Meena Perfumery (India), Katyani Exports (India), Earthoil (UK), Kazima Perfumers (India), Aromaaz International (India), Bastille Parfums (France), Mysore Sugandhi Dhoop (India), Liaison (India), Santalum Grove (Australia), NESSO (India), Kanta Enterprises (India), Vaibhav Perfumery (India), New Mountain Merchants (Australia)

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According to HTF MI, the Global Sandalwood market is projected to grow from USD 0.74 billion in 2024 to USD 1.6 billion by 2032, at a CAGR of 9.3% from 2025 to 2032.

The Sandalwood Market is Segmented by Type (Indian sandalwood, Australian sandalwood, Red sandalwood, White sandalwood, Synthetic sandalwood), by Application (Fragrance and perfumes, Pharmaceuticals, Spiritual and religious products, Skincare and cosmetics, Wood carving) and by Geography (North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA).

Definition:
Sandalwood refers to a class of aromatic woods known for their rich fragrance, primarily sourced from the genus Santalum. The heartwood of sandalwood is used to produce essential oils, wood carvings, and incense. It has deep cultural and medicinal significance, especially in Asia, and is widely used in spiritual rituals, perfumes, and skincare. Due to overexploitation, natural resources are scarce, prompting the rise of managed plantations and synthetic alternatives. The market is bifurcated between natural (Indian, Australian) and laboratory-grown products, with increasing consumer interest in sustainably sourced varieties.

Market Trends:
Emergence of sustainable plantations, use of sandalwood oil in natural cosmetics, biotechnology in synthetic sandalwood production, and certification for ethical sourcing are major trends.

Market Drivers:
High demand in aromatherapy, traditional medicine, and premium perfumery, combined with limited natural supply and cultural importance in India and China, fuels the sandalwood market.

Market Challenges:
Overharvesting, illegal trade, long tree maturity cycles (15-20 years), and restrictions on export/import in key producing countries pose significant challenges.

Market Opportunities:
Ethical and sustainable sourcing initiatives, rising use in wellness and luxury skincare, and increased global demand for natural aromatic ingredients present growth opportunities.

Dominating Region:
Asia-Pacific

Fastest-Growing Region:
Oceania

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The titled segments and sub-section of the market are illuminated below:
In-depth analysis of Sandalwood market segments by Types: Indian sandalwood, Australian sandalwood, Red sandalwood, White sandalwood, Synthetic sandalwood
Detailed analysis of Sandalwood market segments by Applications: Fragrance and perfumes, Pharmaceuticals, Spiritual and religious products, Skincare and cosmetics, Wood carving

Global Sandalwood Market -Regional Analysis
North America: United States of America (US), Canada, and Mexico.
• South & Central America: Argentina, Chile, Colombia, and Brazil.
• Middle East & Africa: Kingdom of Saudi Arabia, United Arab Emirates, Turkey, Israel, Egypt, and South Africa.
• Europe: the UK, France, Italy, Germany, Spain, Nordics, BALTIC Countries, Russia, Austria, and the Rest of Europe.
• Asia: India, China, Japan, South Korea, Taiwan, Southeast Asia (Singapore, Thailand, Malaysia, Indonesia, Philippines & Vietnam, etc) & Rest
• Oceania: Australia & New Zealand

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Sandalwood Market Research Objectives:
- Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
- To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
- To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
- To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
- To deliberately profile the key players and systematically examine their growth strategies.

FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)

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Points Covered in Table of Content of Global Sandalwood Market:
Chapter 01 - Sandalwood Executive Summary
Chapter 02 - Market Overview
Chapter 03 - Key Success Factors
Chapter 04 - Global Sandalwood Market - Pricing Analysis
Chapter 05 - Global Sandalwood Market Background or History
Chapter 06 - Global Sandalwood Market Segmentation (e.g. Type, Application)
Chapter 07 - Key and Emerging Countries Analysis Worldwide Sandalwood Market
Chapter 08 - Global Sandalwood Market Structure & worth Analysis
Chapter 09 - Global Sandalwood Market Competitive Analysis & Challenges
Chapter 10 - Assumptions and Acronyms
Chapter 11 - Sandalwood Market Research Method

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