Sandalwood Oil Market is projected to grow at a healthy rate over the next five years

 

Global Sandalwood Oil market Size by Type, End User and Application: Global Opportunity Analysis and Industry Forecast, 2020-2025. The base year considered for the study is 2020, and the forecast has been provided for the period from 2020 to 2025.

Report Summary
Sandalwood, of the genus Santalum, is a genus of woody flowering trees and plants. Most species are semi-parasitic and several produce a highly aromatic wood. The most common species are Indian sandalwood (Santalum album) and Australian sandalwood (Santalum spicatum), although other species are used for their scent as well.
The global sandalwood oil concentration rate is relatively low; the manufacturers are mainly distributed in eastern Indian Ocean and the Pacific Ocean, like Australia, India, Indonesia, Sri Lanka, Malaysia, China and Hawaii etc. Australia and India are dominating the global sandalwood oil market.

In Australia, is the largest producer of sandalwood oil, the market is dominated by few players like Quintis (former TFS Corporation), Santanol Group and Essentially Australia. Quintis now is the largest producer of sandalwood oil in the world, cultivates and manages huge santalum album trees in Australia, supplies sandalwood oil for the perfume and pharmaceutical use. Quintis’s customer include Galderma, Lush Cosmetics, Young Living, Santalis Pharmaceuticals and Estee Lauder etc.

India is the second producer of sandalwood oil, the market concentration rate is low, most of the players are small, and the top players include Karnataka Soaps & Detergents Limited (KS&DL), RK-Essential Oils Company, Meena Perfumery, Katyani Exports and Naresh International etc.

In China, there are only several producer located in Jiangxi and Guangdong province, like Sandalwood Forest (cultivate Indian sandalwood in Guangdong), Jinagxi Xuesong and Jiangxi Jishui etc. low-yielding and low quality.

In terms of consumption of sandalwood oil, North America, Europe and India are dominating the consumption market, the sandalwood oils are mainly used in personal care products, cosmetics, perfumes, aromatherapy, Pharmaceuticals and other applications like mosquito coils and incense etc.

This industry is easily affected by the development of the sandalwood. The natural sandalwood trees are decreasing due to illegal felling and procurement of the wood. It will have to rely on the artificial cultivation in the future. And it is possible that the sandalwood oil price will keep a weak down trend in the future, thanks to the strong demand and the success of the artificial cultivation. So it’s important to put an eye to the development of natural and artificial cultivation sandalwood, especially large production country, like Australia, India and , Indonesia and the Pacific Islands.

According to this study Sandalwood Oil market will register a 10.3% CAGR in terms of revenue, the global market size will reach US$ 140 million by 2025, from US$ 78 million in 2020.
The research report offers an outlook of the attractiveness of the segments and regions, which are formulated based on their growth rate (CAGR) and market size. Sandalwood Oil market cost investigation has been performed while keeping in producing costs, overview work cost, and crude materials and their market fixation rate, value pattern and providers. Along with the market position, market share, future trends, market dynamics, threats, opportunities, risks and entry barriers, a complete overview of the Sandalwood Oil market is comprised.

Several different factors, for example, supply chain, downstream purchasers, and sourcing methodology have been evaluated to give a top to bottom perspective on the market. Buyer of the report will likewise be presented to an investigation on market positioning with essentials, for example, target customer, brand procedure, and value Technique considered over.

The study report includes the market restrictions and drivers, which may be analyzed from SWOT assessment of the Sandalwood Oil market. Major companies and types are taking actions along with stock dispatchers, inclinations, joint endeavors, acquisitions, and forceful research inside the Sandalwood Oil market. In the year of 2020, a change was seen inside the CAGR ranges are likewise certain to exchange inside the forecasted year 2020-2025.

Introduction

Rubix Market Research made available a report, which has all company profile the key companies and brands and along with that the report also comprised a synopsis of market trends, definition, classification, and application. The Sandalwood Oil market restraints and drivers that are derived from a known method is termed as SWOT analysis. The forecast period 2020-2025 is anticipated to be great for the Sandalwood Oil market, which will be the face changer for the Materials and Chemicals industry. The surging users day by day, which is increasing import, sales, revenue, export and CAGR values.

Growth Mapping

The main moto behind this research report is to give a growth map or prospective with respect to activities taken by central members of the Sandalwood Oil market like joint endeavors, item dispatches, consolidations, acquisitions, and propensities, which is fueling the Sandalwood Oil market and Materials and Chemicals undertaking in overall and furthermore influencing the import, business, income, fare and CAGR values.

The study report conveys the entirety of present realities about market orders, definitions, commitment, and applications for the Sandalwood Oil market that are basic to be victorious inside the market. The study report joins the entirety of the organization profiles of the multitude of company’s referred to above. Additionally, clarifying the entirety of the restrictions and drivers of the market with the assistance of SWOT, PESTAL, and Porter’s five forces analysis.

Competitive Landscape

A competitive landscape for the Sandalwood Oil market is given in the report. To differentiate business attributes, key players operating in the industry have been profiled and identified. Company overview, financial standings, latest trends, and SWOT are some of the characteristics of major companies in the industry that have been profiled in this study report.

Key companies covered by the study report on the global market are:
Quintis (TFS Corporation)(Australia)
Santanol Group (Australia)
RK-Essential Oils Company (India)
Meena Perfumery (India)
Naresh International (India)
Essentially Australia (Australia)
Katyani Exports (India)
KS&DL (Karnataka Soaps & Detergents Limited)(India)
Sandalwood Forest (Qingyuan) (China)
Jiangxi Jishui Natural Essential oil Factory (China)
Jinagxi Xuesong (China)

Types covered by the study report on the global market are:
Indian Sandalwood Oil
Australian Sandalwood Oil

Application covered by the study report on the global market are:
Cosmetics(Perfumes)
Pharmaceuticals
Aromatherapy
Others

By Region:
  North America

  Western Europe

  Eastern Europe Asia

  Pacific

  Middle East

 

Report Insights for Sandalwood Oil Market
Analysis through context of the Sandalwood Oil market, which comprises an overall assessment of the parent market. Major trends, drivers, restraints, opportunities, segments and regional markets are studied in this report. Substantial changes in overview and industry dynamics. Sandalwood Oil market methods, shares, and approaches of major competitors in the market. Evaluation and reporting of the present industry growths. Current and estimated size of the market, in terms of volume and value both.

The research report provides answers to the following questions:
For the Sandalwood Oil market what is the anticipated market size and share and growth rate for the forecast period? Who are the major market companies and how they gained a competitive edge over the other companies? What are the major driving and restraining forces of the Sandalwood Oil market for the estimated period (2020-2025)? What are the booming Sandalwood Oil market opportunities? And how they will support the growth of the market? Which are the market trends influencing the development of the Sandalwood Oil.

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