Sandalwood Oil Market Research Report - Global Forecast till 2024

Global Sandalwood Oil Market Research Report: By Type (Natural and Synthetic), Application (Personal Care, Pharmaceuticals, Aromatherapy, and Others), and Region (North America, Europe, Asia-Pacific, and Rest of the World)—Forecast till 2024

ID: MRFR/F-B & N/3205-HCR | February 2021 | Region: Global | 110 pages


Market Scenario

The global Sandalwood Oil Market is expected to register a CAGR of 6.99% from 2019 to 2024 and reach USD 156 million by the end of 2024. Sandalwood oil is extracted by steam distillation of wood chips of sandalwood trees. Sandalwood oil is used for external use and also for consumption. It acts as an antiseptic agent and helps in fighting against ulcers, infections, and healing wounds. According to the Department of Pharmaceutical Sciences, South Dakota State University, US, sandalwood oil has anticancer effects. According to some studies it can prevent skin cancer if applied on skin on a regular basis, these factors are driving the growth of global sandalwood oil market. Sandalwood oil has moisturizing properties and can help to nourish the skin, which is expected to boost the growth of the global sandalwood oil market. Moreover, sandalwood oil has a very exotic woody fragrance, which has led to the increased demand for sandalwood oil in aromatherapy, which is expected to foster the growth of global sandalwood oil market.  
 
Segmentation
The global sandalwood oil market has been segmented based on type, application, and region.
The global sandalwood oil market has been classified, based on type, as natural and synthetic.
The global sandalwood oil market has been bifurcated, based on application into personal care, pharmaceuticals, aromatherapy, and others.
The global sandalwood oil market has been analyzed for four key regions—North America, Europe, Asia-Pacific, and the rest of the world.
The North American sandalwood oil market has further been segmented into the US, Canada, and Mexico.
The European sandalwood oil market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe. 
The sandalwood oil market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific.
The sandalwood oil market, in the rest of the world, has been segmented into South America, the Middle East, and Africa.

Key Players
Albert Vieille SAS (France), Doterra International LLC (Utah), Eden botanicals (US), Santanol Group (Australia), Plant Therapy Essential Oils (US), Aditi Essentials (India), Haldin International (Indonesia), Jiangyin Healthway (Japan), Kanta Enterprises (India), PerfumersWorld Ltd. (Thailand), Ancient Healer (US), Khadi Natural (India), Vedic Vaani (India), Cliara Essential Oils (Sri Lanka), and Sallamander Concepts Pty Ltd (South Africa)  are some of the key players in the global sandalwood oil market.
 
Regional Market Summary
Global Sandalwood Oil Market Share (%), by Region, 2018
Source: Secondary Sources and MRFR Analysis
The market in Asia-Pacific is expected to dominate the global sandalwood oil market, owing to the increased awareness about benefits of sandalwood oil in markets such as India, Thailand, and Singapore. Additionally, the high disposable income leading to the increased expenditure capacity on personal care products, containing various essential oils, is forecasted to boost the sandalwood oil market in the region.   
The North American market is projected to gain a significant share in the sandalwood market, due to the growing demand for products based on natural ingredients. Moreover, the increasing use of sandalwood oil in aromatherapy is anticipated to propel the growth of sandalwood oil market in the region. 
The global sandalwood oil market in the rest of the world is expected to grow at a steady rate due to growing demand for products based on natural ingredients.

Global Sandalwood Oil Market, by Type


  • Natural

  • Synthetic


Global Sandalwood Oil Market, by Application

  • Personal Care

  • Pharmaceuticals

  • Aromatherapy

  • Others


Global Sandalwood Oil Market, by Region

  • North America

    • US

    • Canada

    • Mexico





  • Europe

    • Germany

    • France

    • Italy

    • Spain

    • UK

    • Rest of Europe





  • Asia-Pacific

    • Japan

    • China

    • India

    • Australia and New Zealand

    • Rest of Asia-Pacific





  • Rest of the World (RoW)

    • South America

    • Middle East

    • Africa




Intended Audience

  • Processors of sandalwood oil

  • Traders and distributors of sandalwood oil

  • Research and development institutes

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratories



Frequently Asked Questions (FAQ) :


sandalwood oil market is expected to reach a valuation of USD 156 million by 2024.

sandalwood oil market is expected to exhibit a strong 6.99% CAGR over the forecast period from 2019 to 2024.

The growing demand for sandalwood oil in cosmetics and aromatherapy is the major driver for the market.

Asia Pacific dominates the global sandalwood oil market.

Leading players in the sandalwood oil market include Albert Vieille, Doterra International, and Eden Botanicals, among others.

TABLE OF CONTENTS

1. 1 EXECUTIVE SUMMARY

1.1. Market Attractiveness Analysis

1.1.1. Global Sandalwood Oil Market, by Type

1.1.2. Global Sandalwood Oil Market, by Application

1.1.3. Global Sandalwood Oil Market, by Region

2. MARKET INTRODUCTION

2.1. Definition

2.2. Scope of the Study

2.3. Market Structure

2.4. Key Buying Criteria

2.5. Macro Factor Indicator Analysis

3. RESEARCH METHODOLOGY

3.1. Research Application

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

3.5. Forecast Model

3.6. List of Assumptions

4. MARKET DYNAMICS

4.1. Introduction

4.2. Drivers

4.3. Restraints

4.4. Opportunities

4.5. Challenges

5. MARKET FACTOR ANALYSIS

5.1. Value Chain Analysis

5.2. Supply Chain Analysis

5.3. Porter’s Five Forces Model

5.3.1. Bargaining Power of Suppliers

5.3.2. Bargaining Power of Buyers

5.3.3. Threat of New Entrants

5.3.4. Threat of Substitutes

5.3.5. Intensity of Rivalry

6. GLOBAL SANDALWOOD OIL MARKET, BY TYPE

6.1. Introduction

6.2. Natural

6.2.1. Natural: Market Estimates & Forecast by Region/Country, 2019–2024

6.3. Synthetic

6.3.1. Synthetic: Market Estimates & Forecast by Region/Country, 2019–2024

7. GLOBAL SANDALWOOD OIL MARKET, BY APPLICATION

7.1. Introduction

7.2. Personal Care

7.2.1. Personal Care: Market Estimates & Forecast by Region/Country, 2019–2024

7.3. Pharmaceuticals

7.3.1. Pharmaceuticals: Market Estimates & Forecast by Region/Country, 2019–2024

7.4. Aromatherapy

7.4.1. Aromatherapy: Market Estimates & Forecast by Region/Country, 2019–2024

7.5. Others

7.5.1. Others: Market Estimates & Forecast by Region/Country, 2019–2024
8. GLOBAL SANDALWOOD OIL MARKET, BY REGION

8.1. Introduction

8.2. North America

8.2.1. Market Estimates & Forecast by Type, 2019–2024

8.2.2. Market Estimates & Forecast by Application, 2019–2024

8.2.3. Market Estimates & Forecast by Country, 2019–2024

8.2.4. US

8.2.4.1. Market Estimates & Forecast by Type, 2019–2024

8.2.4.2. Market Estimates & Forecast by Application, 2019–2024

8.2.5. Canada

8.2.5.1. Market Estimates & Forecast by Type, 2019–2024

8.2.5.2. Market Estimates & Forecast by Application, 2019–2024

8.2.6. Mexico

8.2.6.1. Market Estimates & Forecast by Type, 2019–2024

8.2.6.2. Market Estimates & Forecast by Application, 2019–2024

8.3. Europe

8.3.1. Market Estimates & Forecast by Type, 2019–2024

8.3.2. Market Estimates & Forecast by Application, 2019–2024

8.3.3. Market Estimates & Forecast by Country, 2019–2024

8.3.4. Germany

8.3.4.1. Market Estimates & Forecast by Type, 2019–2024

8.3.4.2. Market Estimates & Forecast by Application, 2019–2024

8.3.5. UK

8.3.5.1. Market Estimates & Forecast by Type, 2019–2024

8.3.5.2. Market Estimates & Forecast by Application, 2019–2024

8.3.6. France

8.3.6.1. Market Estimates & Forecast by Type, 2019–2024

8.3.6.2. Market Estimates & Forecast by Application, 2019–2024

8.3.7. Spain

8.3.7.1. Market Estimates & Forecast by Type, 2019–2024

8.3.7.2. Market Estimates & Forecast by Application, 2019–2024

8.3.8. Italy

8.3.8.1. Market Estimates & Forecast by Type, 2019–2024

8.3.8.2. Market Estimates & Forecast by Application, 2019–2024

8.3.9. Rest of Europe

8.3.9.1. Market Estimates & Forecast by Type, 2019–2024

8.3.9.2. Market Estimates & Forecast by Application, 2019–2024

8.4. Asia-Pacific

8.4.1. Market Estimates & Forecast by Type, 2019–2024

8.4.2. Market Estimates & Forecast by Application, 2019–2024

8.4.3. Market Estimates & Forecast by Country, 2019–2024

8.4.4. China

8.4.4.1. Market Estimates & Forecast by Type, 2019–2024

8.4.4.2. Market Estimates & Forecast by Application, 2019–2024

8.4.5. Japan

8.4.5.1. Market Estimates & Forecast by Type, 2019–2024

8.4.5.2. Market Estimates & Forecast by Application, 2019–2024

8.4.6. India

8.4.6.1. Market Estimates & Forecast by Type, 2019–2024

8.4.6.2. Market Estimates & Forecast by Application, 2019–2024

8.4.7. Australia & New Zealand

8.4.7.1. Market Estimates & Forecast by Type, 2019–2024

8.4.7.2. Market Estimates & Forecast by Application, 2019–2024

8.4.8. Rest of Asia-Pacific

8.4.8.1. Market Estimates & Forecast by Type, 2019–2024

8.4.8.2. Market Estimates & Forecast by Application, 2019–2024

8.5. Rest of the World

8.5.1. Market Estimates & Forecast by Type, 2019–2024

8.5.2. Market Estimates & Forecast by Application, 2019–2024

8.5.3. Market Estimates & Forecast by Region, 2019–2024

8.5.4. South America

8.5.4.1. Market Estimates & Forecast by Type, 2019–2024

8.5.4.2. Market Estimates & Forecast by Application, 2019–2024

8.5.5. Middle East

8.5.5.1. Market Estimates & Forecast by Type, 2019–2024

8.5.5.2. Market Estimates & Forecast by Application, 2019–2024

8.5.6. Africa

8.5.6.1. Market Estimates & Forecast by Type, 2019–2024

8.5.6.2. Market Estimates & Forecast by Application, 2019–2024

9. COMPETITIVE LANDSCAPE

9.1. Introduction

9.2. Competitive Benchmarking

9.3. Development Share Analysis

9.4. Key Developments & Growth Strategies

10. COMPANY PROFILES

10.1. Albert Vieille SAS

10.1.1. Company Overview

10.1.2. Financial Overview

10.1.3. Products Offered

10.1.4. Key Developments

10.1.5. SWOT Analysis

10.1.6. Key Strategies

10.2. Doterra International LLC

10.2.1. Company Overview

10.2.2. Financial Overview

10.2.3. Products Offered

10.2.4. Key Developments

10.2.5. SWOT Analysis

10.2.6. Key Strategies

10.3. Eden botanicals

10.3.1. Company Overview

10.3.2. Financial Overview

10.3.3. Products Offered

10.3.4. Key Developments

10.3.5. SWOT Analysis

10.3.6. Key Strategies

10.4. Santanol Group

10.4.1. Company Overview

10.4.2. Financial Overview

10.4.3. Products Offered

10.4.4. Key Developments

10.4.5. SWOT Analysis

10.4.6. Key Strategies

10.5. Plant Therapy Essential Oils

10.5.1. Company Overview

10.5.2. Financial Overview

10.5.3. Products Offered

10.5.4. Key Developments

10.5.5. SWOT Analysis

10.5.6. Key Strategies

10.6. Aditi Essentials

10.6.1. Company Overview

10.6.2. Financial Overview

10.6.3. Products Offered

10.6.4. Key Developments

10.6.5. SWOT Analysis

10.6.6. Key Strategies

10.7. Haldin International

10.7.1. Company Overview

10.7.2. Financial Overview

10.7.3. Products Offered

10.7.4. Key Developments

10.7.5. SWOT Analysis

10.7.6. Key Strategies

10.8. Jiangyin Healthway

10.8.1. Company Overview

10.8.2. Financial Overview

10.8.3. Products Offered

10.8.4. Key Developments

10.8.5. SWOT Analysis

10.8.6. Key Strategies

10.9. Kanta Enterprises

10.9.1. Company Overview

10.9.2. Financial Overview

10.9.3. Products Offered

10.9.4. Key Developments

10.9.5. SWOT Analysis

10.9.6. Key Strategies

10.10. PerfumersWorld Ltd.

10.10.1. Company Overview

10.10.2. Financial Overview

10.10.3. Products Offered

10.10.4. Key Developments

10.10.5. SWOT Analysis

10.10.6. Key Strategies

10.11. Ancient Healer

10.11.1. Company Overview

10.11.2. Financial Overview

10.11.3. Products Offered

10.11.4. Key Developments

10.11.5. SWOT Analysis

10.11.6. Key Strategies

10.12. Khadi Natural

10.12.1. Company Overview

10.12.2. Financial Overview

10.12.3. Products Offered

10.12.4. Key Developments

10.12.5. SWOT Analysis

10.12.6. Key Strategies

10.13. Vedic Vaani

10.13.1. Company Overview

10.13.2. Financial Overview

10.13.3. Products Offered

10.13.4. Key Developments

10.13.5. SWOT Analysis

10.13.6. Key Strategies

10.14. Cliara Essential Oils

10.14.1. Company Overview

10.14.2. Financial Overview

10.14.3. Products Offered

10.14.4. Key Developments

10.14.5. SWOT Analysis

10.14.6. Key Strategies

10.15. Sallamander Concepts Pty Ltd

10.15.1. Company Overview

10.15.2. Financial Overview

10.15.3. Products Offered

10.15.4. Key Developments

10.15.5. SWOT Analysis

10.15.6. Key Strategies

11. APPENDIX

11.1. General Sources & References

11.2. List of Abbreviation


List of Tables
TABLE 1 Global Sandalwood Oil Market, by Region, 2019–2024 (USD Million)

TABLE 2 Global Sandalwood Oil Market, by Type, 2019–2024 (USD Million)

TABLE 3 Global Sandalwood Oil Market, by Application, 2019–2024 (USD Million)

TABLE 4 North America: Sandalwood Oil Market, by Country, 2019–2024 (USD Million)

TABLE 5 North America: Sandalwood Oil Market, by Type, 2019–2024 (USD Million)

TABLE 6 North America: Sandalwood Oil Market, by Application, 2019–2024 (USD Million)

TABLE 7 US: Sandalwood Oil Market, by Type, 2019–2024 (USD Million)

TABLE 8 US: Sandalwood Oil Market, by Application, 2019–2024 (USD Million)

TABLE 9 Canada: Sandalwood Oil Market, by Type, 2019–2024 (USD Million)

TABLE 10 Canada: Sandalwood Oil Market, by Application, 2019–2024 (USD Million)

TABLE 11 Mexico: Sandalwood Oil Market, by Type, 2019–2024 (USD Million)

TABLE 12 Mexico: Sandalwood Oil Market, by Application, 2019–2024 (USD Million)

TABLE 13 Europe: Sandalwood Oil Market, by Country, 2019–2024 (USD Million)

TABLE 14 Europe: Sandalwood Oil Market, by Type, 2019–2024 (USD Million)

TABLE 15 Europe: Sandalwood Oil Market, by Application, 2019–2024 (USD Million)

TABLE 16 Germany: Sandalwood Oil Market, by Type, 2019–2024 (USD Million)

TABLE 17 Germany: Sandalwood Oil Market, by Application, 2019–2024 (USD Million)

TABLE 18 France: Sandalwood Oil Market, by Type, 2019–2024 (USD Million)

TABLE 19 France: Sandalwood Oil Market, by Application, 2019–2024 (USD Million)

TABLE 20 Italy: Sandalwood Oil Market, by Type, 2019–2024 (USD Million)

TABLE 21 Italy: Sandalwood Oil Market, by Application, 2019–2024 (USD Million)

TABLE 22 Spain: Sandalwood Oil Market, by Type, 2019–2024 (USD Million)

TABLE 23 Spain: Sandalwood Oil Market, by Application, 2019–2024 (USD Million)

TABLE 24 UK: Sandalwood Oil Market, by Type, 2019–2024 (USD Million)

TABLE 25 UK: Sandalwood Oil Market, by Application, 2019–2024 (USD Million)

TABLE 26 Rest of Europe: Sandalwood Oil Market, by Type, 2019–2024 (USD Million)

TABLE 27 Rest of Europe: Sandalwood Oil Market, by Application, 2019–2024 (USD Million)

TABLE 28 Asia-Pacific: Sandalwood Oil Market, by Country, 2019–2024 (USD Million)

TABLE 29 Asia-Pacific: Sandalwood Oil Market, by Type, 2019–2024 (USD Million)

TABLE 30 Asia-Pacific: Sandalwood Oil Market, by Application, 2019–2024 (USD Million)

TABLE 31 China: Sandalwood Oil Market, by Type, 2019–2024 (USD Million)

TABLE 32 China: Sandalwood Oil Market, by Application, 2019–2024 (USD Million)

TABLE 33 India: Sandalwood Oil Market, by Type, 2019–2024 (USD Million)

TABLE 34 India: Sandalwood Oil Market, by Application, 2019–2024 (USD Million)

TABLE 35 Japan: Sandalwood Oil Market, by Type, 2019–2024 (USD Million)

TABLE 36 Japan: Sandalwood Oil Market, by Application, 2019–2024 (USD Million)

TABLE 37 Australia & New Zealand: Sandalwood Oil Market, by Type, 2019–2024 (USD Million)

TABLE 38 Australia & New Zealand: Sandalwood Oil Market, by Application, 2019–2024 (USD Million)

TABLE 39 Rest of Asia-Pacific: Sandalwood Oil Market, by Type, 2019–2024 (USD Million)

TABLE 40 Rest of Asia-Pacific: Sandalwood Oil Market, by Application, 2019–2024 (USD Million)

TABLE 41 Rest of the World (RoW): Sandalwood Oil Market, by Country, 2019–2024 (USD Million)

TABLE 42 Rest of the World (RoW): Sandalwood Oil Market, by Type, 2019–2024 (USD Million)

TABLE 43 Rest of the World (RoW): Sandalwood Oil Market, by Application, 2019–2024 (USD Million)

TABLE 44 South America: Sandalwood Oil Market, by Type, 2019–2024 (USD Million)

TABLE 45 South America: Sandalwood Oil Market, by Application, 2019–2024 (USD Million)

TABLE 46 Middle East: Sandalwood Oil Market, by Type, 2019–2024 (USD Million)

TABLE 47 Middle East: Sandalwood Oil Market, by Application, 2019–2024 (USD Million)

TABLE 48 Africa: Sandalwood Oil Market, by Type, 2019–2024 (USD Million)

TABLE 49 Africa: Sandalwood Oil Market, by Application, 2019–2024 (USD Million)


LIST OF FIGURES
FIGURE 1 Global Sandalwood Oil Market Segmentation

FIGURE 2 Forecast Research Methodology

FIGURE 3 Five Forces Analysis of the Global Sandalwood Oil Market

FIGURE 4 Value Chain of the Global Sandalwood Oil Market

FIGURE 5 Share of the Global Sandalwood Oil Market in 2018, by Country (%)

FIGURE 6 Global Sandalwood Oil Market, by Region, 2019–2024,

FIGURE 7 Global Sandalwood Oil Market Size, by Type, 2018

FIGURE 8 Share of the Global Sandalwood Oil Market, by Type, 2019–2024 (%)

FIGURE 9 Global Sandalwood Oil Market Size, by Application, 2018

FIGURE 10 Share of the Global Sandalwood Oil Market, by Application, 2019–2024 (%)