Research Expert: Sarah Overall
  • Published: Mar 2025
  • Pages: 150
  • SKU: IRTNTR44847

  • 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

      Market Scope

      Report Coverage

      Details

      Page number

      220

      Base year

      2024

      Historic period

      2019-2023

      Forecast period

      2025-2029

      Growth momentum & CAGR

      Accelerate at a CAGR of 7.4%

      Market growth 2025-2029

      USD 746.2 million

      Market structure

      market_structure.ucfirst

      YoY growth 2024-2025(%)

      6.8

      Key countries

      China, US, India, Australia, Japan, South Korea, Canada, France, Brazil, and Germany

      Competitive landscape

      Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

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      Find out which segment is leading the market by accessing the free PDF report

      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.


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      Technavio Research
      Jesse Maida
      Media & Marketing Executive
      US: +1 844 364 1100
      UK: +44 203 893 3200
      Email: media@technavio.com
      Website: www.technavio.com/

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