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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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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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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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.
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
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