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Global Sandalwood Oil Market Size, Share, Forecast: By Nature: Organic, Synthetic; By End Use: Personal Care Products and Cosmetics, Aromatherapy, Pharmaceuticals, Household; By Distribution Channel: Supermarkets/Hypermarkets, Speciality Stores, Convenience Stores, Online, Others; Regional Analysis; Competitive Landscape; 2023-2028
Global Sandalwood Oil Market Outlook
The global sandalwood oil market size reached approximately USD 124.26 million in 2022. The market is further projected to grow at a CAGR of 8.8% between 2023 and 2028, reaching a value of USD 205.33 million by 2028.
Key Trends in the Market
Sandalwood oil refers to essential oil that is obtained by steam distilling billets and chips derived from the heartwood and roots of Santalum album. This oil is considered to be one of the most fragrant essential oils and finds applications in various beauty rituals and aromatherapy, among others.
- The expansion of the personal care sector due to increased emphasis on physical appearance and self-care is boosting the sandalwood oil market growth as sandalwood oil finds applications in acene treating products due to its skin-clearing and anti-inflammatory properties. Additionally, sandalwood oil also aids in the removal of blemishes, scars, and dark spots and has antiaging and toning properties.
- The growing popularity of spas due to increasing stress and hectic lifestyle, rising disposable incomes, and their increasing accessibility is supporting the market expansion as sandalwood oils are widely used in massages and aromatherapy. The oils provide a calming effect and facilitate the reduction of anxiety when applied during massages while enhancing the glow of the skin.
- Sandalwood oil has antiseptic, anti-scabietic, diuretic, and antipyretic properties and is also effective in the treatment of dysuria, bronchitis, urinary tract diseases, and cystitis, increasing its utilisation by the pharmaceutical sector and offering lucrative growth opportunities to the market.
Global Sandalwood Oil Market Analysis
On the basis of nature, the market is bifurcated into organic and synthetic. Based on end use, the market is divided into personal care products and cosmetics, aromatherapy, pharmaceuticals, and household.
On the basis of distribution channel, the market is classified into supermarkets/ hypermarkets, speciality stores, convenience stores, and online, among others. Based on region, the sandalwood oil market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Plant Therapy Essential Oils
- Khadi Natural
- Santanol
- Albert Vieille SAS
- doTERRA International, LLC
- Quintis (Australia) Pty Ltd.
- Essential Oils Company
- Blossom Kochhar Beauty Products Pvt. Ltd.
- Kanta Enterprises Private Limited
- Aditi Essentials
- Others
Market Share by Nature
Organic sandalwood oil is expected to account for a significant sandalwood oil market share in the coming years. This growth can be attributed to the increasing awareness about the various medicinal benefits associated with the utilisation of the organic sandalwood oil including their usage as an antiseptic and antispasmodic, among others. The rising requirement of organic oils for production of cosmetics and perfumes, among others due to growing emphasis on physical appearance and grooming is also supporting the segment growth.
Market Share by Region
The Asia Pacific is anticipated to witness significant growth over the forecast period owing to the vast applications of sandalwood oil in perfume production, religious ceremonies, and manufacturing of cosmetics, among others. The easy availability of raw material, cheap labour, and favourable conditions are also aiding the market expansion in the region. The increased investments by various key market players towards product innovation and introduction of novel solutions are further boosting the sandalwood oil market demand.
Competitive Landscape
Santanol is one of the leading distributors and producers of pure sandalwood oil and distillers of Santalum album oil. The company uses traditional steam distillation for recovering oil from larger branches, trunks, and roots of the trees.
Albert Vieille SAS, headquartered in Vallauris, France, is one of the leading producers and providers of natural and pure resinoids, absolutes, and essential oils for natural cosmetics, fragrances, and aromatherapy. The company promotes sustainable practices for preserving environment and biodiversity.
doTERRA International, LLC was founded in 2008 and is headquartered in Utah, United States. The product portfolio of the company includes skin care, essential oils, health and beauty products, and nutrition, among others.
Other sandalwood oil market key players include Plant Therapy Essential Oils, Khadi Natural, Quintis (Australia) Pty Ltd., Essential Oils Company, Blossom Kochhar Beauty Products Pvt. Ltd., Kanta Enterprises Private Limited, and Aditi Essentials, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Nature |
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| Breakup by End Use |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Sandalwood Oil Market Analysis
8.1 Key Industry Highlights
8.2 Global Sandalwood Oil Historical Market (2018-2022)
8.3 Global Sandalwood Oil Market Forecast (2023-2028)
8.4 Global Sandalwood Oil Market by Nature
8.4.1 Organic
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Synthetic
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.5 Global Sandalwood Oil Market by End Use
8.5.1 Personal Care Products and Cosmetics
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Aromatherapy
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Pharmaceuticals
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Household
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.6 Global Sandalwood Oil Market by Distribution Channel
8.6.1 Supermarkets/Hypermarkets
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Speciality Stores
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Convenience Stores
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Online
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Others
8.7 Global Sandalwood Oil Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Sandalwood Oil Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Sandalwood Oil Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Sandalwood Oil Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Sandalwood Oil Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Sandalwood Oil Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Plant Therapy Essential Oils
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Khadi Natural
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Santanol
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Albert Vieille SAS
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 doTERRA International, LLC
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Quintis (Australia) Pty Ltd.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Essential Oils Company
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Blossom Kochhar Beauty Products Pvt. Ltd.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Kanta Enterprises Private Limited
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Aditi Essentials
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Sandalwood Oil Market: Key Industry Highlights, 2018 and 2028
2. Global Sandalwood Oil Historical Market: Breakup by Nature (USD Million), 2018-2022
3. Global Sandalwood Oil Market Forecast: Breakup by Nature (USD Million), 2023-2028
4. Global Sandalwood Oil Historical Market: Breakup by End Use (USD Million), 2018-2022
5. Global Sandalwood Oil Market Forecast: Breakup by End Use (USD Million), 2023-2028
6. Global Sandalwood Oil Historical Market: Breakup by Distribution Channel (USD Million), 2018-2022
7. Global Sandalwood Oil Market Forecast: Breakup by Distribution Channel (USD Million), 2023-2028
8. Global Sandalwood Oil Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Sandalwood Oil Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Sandalwood Oil Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Sandalwood Oil Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Sandalwood Oil Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Sandalwood Oil Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Sandalwood Oil Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Sandalwood Oil Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Sandalwood Oil Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Sandalwood Oil Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Sandalwood Oil Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Sandalwood Oil Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Sandalwood Oil Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 124.26 million in 2022.
The market is projected to grow at a CAGR of 8.8% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 205.33 million by 2028.
The major market drivers include rising utilisation by the pharmaceutical sector due to various benefits offered by the oil and increasing availability across various distribution channels.
The key trends fuelling the growth of the market include increasing popularity of massages and aromatherapy and rising utilisation of personal and skin care products.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The distribution channels for sandalwood oil include supermarkets/ hypermarkets, speciality stores, convenience stores, and online, among others.
The key players in the market are Plant Therapy Essential Oils, Khadi Natural, Santanol, Albert Vieille SAS, doTERRA International, LLC, Quintis (Australia) Pty Ltd., Essential Oils Company, Blossom Kochhar Beauty Products Pvt. Ltd., Kanta Enterprises Private Limited, and Aditi Essentials, among others.
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