Latest News- Sandalwood Oil Market: Indian sandalwood oil is expected to lead the Type segment during 2025-2029

The Sandalwood Oil Market is being driven by Numerous health benefits offered by sandalwood oil

The Sandalwood Oil Market is expected to grow at a CAGR of 7.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 746.2 million. Sandalwood oil, endorsed by holistic beauty experts, offers numerous benefits for skin health, making it suitable for all skin types. This essential oil is a staple in aromatherapy due to its calming and therapeutic properties. Pure sandalwood oil can serve as a carrier oil in aromatherapy or massage therapy sessions. Aromatherapy, which incorporates sandalwood oil, is popularly used to alleviate depression and anxiety, boost energy levels, enhance cognitive performance, eliminate headaches, and expedite the healing process. Furthermore, it induces sleep, strengthens the immune system, reduces pain, improves digestion, and increases blood circulation. Notably, India, China, Japan, France, the UK, and the US are major contributors to the global aromatherapy market, underpinning sandalwood oil's widespread appeal. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Indian sandalwood oil
  • Australian sandalwood oil
  • Others
• Product
  • Natural
  • Lab created
• Application
  • Cosmetics and personal care
  • Pharmaceuticals
  • Aromatherapy
  • Household or retail
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • France
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Numerous health benefits offered by sandalwood oil
• Increasing prominence of private-label brands for sandalwood oil
• Growth of organized retail sector

However, the market also witnesses some limitations, which are as follows:

• High price of sandalwood
• Production constraints and high dependence of sandalwood oil production on APAC
• Stringent government regulations on procurement and harvesting of sandalwood

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Market Scope in Sandalwood Oil Market Research Report

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Research Analysis Overview

Sandalwood Oil Market: This market caters to various applications of sandalwood oil, including use as an anxiety reliever, ingredient in personal care products, hair oil, and essential oil benefits. It is also employed for inflammation, psoriasis, sleep aid, and eczema treatment. Suppliers ensure oil quality through authenticity certifications and regulations. Oil extraction is crucial, with adulteration a concern, necessitating authentication methods. Retailers offer natural oil uses, while production adheres to regulations. Seeking oil alternatives is essential for sustainability.

Market Research Overview

The Sandalwood Oil market encompasses businesses engaged in the production and distribution of this natural essential oil for use in various industries, primarily the beauty sector. Market size is determined by the consolidated revenue of these entities. It is essential to note that this market excludes manufacturers of equipment used for sandalwood oil extraction. Furthermore, the market does not extend to producers of beverages, alcoholic or non-alcoholic, including mineral waters. Key growth factors for the Sandalwood Oil market include increasing consumer disposable income, rising awareness of skin health, and the growing preference for natural ingredients in personal care products. Despite this, potential allergic skin reactions may pose challenges for market expansion.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/