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Synopsis
Agarwood, aloeswood or gharuwood is a fragrant dark resinous wood used in incense, perfume, and small carvings. It is formed in the heartwood of aquilaria trees when they become infected with a type of mould (Phialophora parasitica). Prior to infection, the heartwood is odourless, relatively light and pale coloured; however, as the infection progresses, the tree produces a dark aromatic resin, called aloes or agar (not to be confused with the edible, algae-derived agar) as well as gaharu, jinko, oud, or oodh (not to be confused with bukhoor), in response to the attack, which results in a very dense, dark, resin-embedded heartwood. The resin-embedded wood is valued in Arabic-middle eastern culture for its distinctive fragrance, and thus is used for incense and perfumes. The aromatic qualities of agarwood are influenced by the species, geographic location, its branch, trunk and root origin, length of time since infection, and methods of harvesting and processing.
The global Agarwoods market was valued at US$ 486 million in 2023 and is anticipated to reach US$ 709.9 million by 2030, witnessing a CAGR of 5.7% during the forecast period 2024-2030.
The global agarwoods market refers to the industry involved in the production, trade, and consumption of agarwood and its related products. Here are some key points about the global agarwoods market:
Market Size and Growth: The agarwoods market has been experiencing steady growth in recent years due to increasing demand for luxury fragrances, traditional medicines, and spiritual products. The market size is influenced by factors such as supply and demand dynamics, cultural preferences, and regulatory frameworks.
Regional Market Dynamics: Agarwood-producing countries in Southeast Asia, such as Cambodia, Indonesia, Malaysia, and Vietnam, are major players in the global agarwoods market. These countries have a long-standing tradition of agarwood usage and have established supply chains catering to domestic and international markets. Other regions, including the Middle East and Western countries, also contribute to market growth through consumption and trade.
Product Segmentation: The agarwoods market offers diverse products to cater to various industries and consumer preferences. These include raw agarwood logs, chips, powder, essential oil, incense sticks, perfumes, cosmetics, and medicinal products. Each product segment has its unique market dynamics, pricing, and distribution channels.
Demand Drivers: The demand for agarwood and its products is driven by various factors. The growing popularity of luxury fragrances, exotic ingredients in personal care products, aromatherapy, and holistic wellness practices contribute to the increasing demand. Additionally, the cultural significance associated with agarwood in religious ceremonies and traditional medicine practices fuels the market demand.
Sustainability and Regulations: The agarwoods market faces challenges related to sustainability and conservation. Due to overharvesting and illegal logging, certain agarwood species are endangered or protected under international agreements such as the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES). Sustainable cultivation practices and certification programs are being promoted to ensure responsible sourcing and protect the long-term viability of agarwood-producing species.
Market Trends: The global agarwoods market is influenced by evolving consumer preferences. There is a growing focus on natural and organic products, which has led to increased demand for sustainably sourced and ethically produced agarwood products. Furthermore, innovations in processing techniques, product formulations, and packaging contribute to market trends and create opportunities for market players.
This report aims to provide a comprehensive presentation of the global market for Agarwoods, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Agarwoods.
Report Scope
The Agarwoods market size, estimations, and forecasts are provided in terms of output/shipments (MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Agarwoods market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Agarwoods manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Agar Aura
Asia Plantation Capital
Gulf Oil & Gas
Trat Agarwood Co., Ltd
Kenden Agarwood
Hoang Giang Agarwood
Yayasan Kemanusiaan Ibu Pertiwi (YAKIP)
Royal Green Agarwood
Fragrance Du Bois
AMPL
Segment by Type
Natural
Artificial
Segment by Application
Perfume and Fragrance Industry
Woodcraft and Decorative Items
Personal Care Products
Home Fragrance
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Agarwoods manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Agarwoods by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Agarwoods in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Agarwood, aloeswood or gharuwood is a fragrant dark resinous wood used in incense, perfume, and small carvings. It is formed in the heartwood of aquilaria trees when they become infected with a type of mould (Phialophora parasitica). Prior to infection, the heartwood is odourless, relatively light and pale coloured; however, as the infection progresses, the tree produces a dark aromatic resin, called aloes or agar (not to be confused with the edible, algae-derived agar) as well as gaharu, jinko, oud, or oodh (not to be confused with bukhoor), in response to the attack, which results in a very dense, dark, resin-embedded heartwood. The resin-embedded wood is valued in Arabic-middle eastern culture for its distinctive fragrance, and thus is used for incense and perfumes. The aromatic qualities of agarwood are influenced by the species, geographic location, its branch, trunk and root origin, length of time since infection, and methods of harvesting and processing.
The global Agarwoods market was valued at US$ 486 million in 2023 and is anticipated to reach US$ 709.9 million by 2030, witnessing a CAGR of 5.7% during the forecast period 2024-2030.
The global agarwoods market refers to the industry involved in the production, trade, and consumption of agarwood and its related products. Here are some key points about the global agarwoods market:
Market Size and Growth: The agarwoods market has been experiencing steady growth in recent years due to increasing demand for luxury fragrances, traditional medicines, and spiritual products. The market size is influenced by factors such as supply and demand dynamics, cultural preferences, and regulatory frameworks.
Regional Market Dynamics: Agarwood-producing countries in Southeast Asia, such as Cambodia, Indonesia, Malaysia, and Vietnam, are major players in the global agarwoods market. These countries have a long-standing tradition of agarwood usage and have established supply chains catering to domestic and international markets. Other regions, including the Middle East and Western countries, also contribute to market growth through consumption and trade.
Product Segmentation: The agarwoods market offers diverse products to cater to various industries and consumer preferences. These include raw agarwood logs, chips, powder, essential oil, incense sticks, perfumes, cosmetics, and medicinal products. Each product segment has its unique market dynamics, pricing, and distribution channels.
Demand Drivers: The demand for agarwood and its products is driven by various factors. The growing popularity of luxury fragrances, exotic ingredients in personal care products, aromatherapy, and holistic wellness practices contribute to the increasing demand. Additionally, the cultural significance associated with agarwood in religious ceremonies and traditional medicine practices fuels the market demand.
Sustainability and Regulations: The agarwoods market faces challenges related to sustainability and conservation. Due to overharvesting and illegal logging, certain agarwood species are endangered or protected under international agreements such as the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES). Sustainable cultivation practices and certification programs are being promoted to ensure responsible sourcing and protect the long-term viability of agarwood-producing species.
Market Trends: The global agarwoods market is influenced by evolving consumer preferences. There is a growing focus on natural and organic products, which has led to increased demand for sustainably sourced and ethically produced agarwood products. Furthermore, innovations in processing techniques, product formulations, and packaging contribute to market trends and create opportunities for market players.
This report aims to provide a comprehensive presentation of the global market for Agarwoods, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Agarwoods.
Report Scope
The Agarwoods market size, estimations, and forecasts are provided in terms of output/shipments (MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Agarwoods market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Agarwoods manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Agar Aura
Asia Plantation Capital
Gulf Oil & Gas
Trat Agarwood Co., Ltd
Kenden Agarwood
Hoang Giang Agarwood
Yayasan Kemanusiaan Ibu Pertiwi (YAKIP)
Royal Green Agarwood
Fragrance Du Bois
AMPL
Segment by Type
Natural
Artificial
Segment by Application
Perfume and Fragrance Industry
Woodcraft and Decorative Items
Personal Care Products
Home Fragrance
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Agarwoods manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Agarwoods by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Agarwoods in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Agarwoods Market Overview
1.1 Product Definition
1.2 Agarwoods Segment by Type
1.2.1 Global Agarwoods Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Natural
1.2.3 Artificial
1.3 Agarwoods Segment by Application
1.3.1 Global Agarwoods Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Perfume and Fragrance Industry
1.3.3 Woodcraft and Decorative Items
1.3.4 Personal Care Products
1.3.5 Home Fragrance
1.3.6 Others
1.4 Global Market Growth Prospects
1.4.1 Global Agarwoods Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Agarwoods Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Agarwoods Production Estimates and Forecasts (2019-2030)
1.4.4 Global Agarwoods Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Agarwoods Production Market Share by Manufacturers (2019-2024)
2.2 Global Agarwoods Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Agarwoods, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Agarwoods Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Agarwoods Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Agarwoods, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Agarwoods, Product Offered and Application
2.8 Global Key Manufacturers of Agarwoods, Date of Enter into This Industry
2.9 Agarwoods Market Competitive Situation and Trends
2.9.1 Agarwoods Market Concentration Rate
2.9.2 Global 5 and 10 Largest Agarwoods Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Agarwoods Production by Region
3.1 Global Agarwoods Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Agarwoods Production Value by Region (2019-2030)
3.2.1 Global Agarwoods Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Agarwoods by Region (2025-2030)
3.3 Global Agarwoods Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Agarwoods Production by Region (2019-2030)
3.4.1 Global Agarwoods Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Agarwoods by Region (2025-2030)
3.5 Global Agarwoods Market Price Analysis by Region (2019-2024)
3.6 Global Agarwoods Production and Value, Year-over-Year Growth
3.6.1 North America Agarwoods Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Agarwoods Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Agarwoods Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Agarwoods Production Value Estimates and Forecasts (2019-2030)
4 Agarwoods Consumption by Region
4.1 Global Agarwoods Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Agarwoods Consumption by Region (2019-2030)
4.2.1 Global Agarwoods Consumption by Region (2019-2024)
4.2.2 Global Agarwoods Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Agarwoods Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Agarwoods Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Agarwoods Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Agarwoods Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Agarwoods Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Agarwoods Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Agarwoods Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Agarwoods Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Agarwoods Production by Type (2019-2030)
5.1.1 Global Agarwoods Production by Type (2019-2024)
5.1.2 Global Agarwoods Production by Type (2025-2030)
5.1.3 Global Agarwoods Production Market Share by Type (2019-2030)
5.2 Global Agarwoods Production Value by Type (2019-2030)
5.2.1 Global Agarwoods Production Value by Type (2019-2024)
5.2.2 Global Agarwoods Production Value by Type (2025-2030)
5.2.3 Global Agarwoods Production Value Market Share by Type (2019-2030)
5.3 Global Agarwoods Price by Type (2019-2030)
6 Segment by Application
6.1 Global Agarwoods Production by Application (2019-2030)
6.1.1 Global Agarwoods Production by Application (2019-2024)
6.1.2 Global Agarwoods Production by Application (2025-2030)
6.1.3 Global Agarwoods Production Market Share by Application (2019-2030)
6.2 Global Agarwoods Production Value by Application (2019-2030)
6.2.1 Global Agarwoods Production Value by Application (2019-2024)
6.2.2 Global Agarwoods Production Value by Application (2025-2030)
6.2.3 Global Agarwoods Production Value Market Share by Application (2019-2030)
6.3 Global Agarwoods Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Agar Aura
7.1.1 Agar Aura Agarwoods Corporation Information
7.1.2 Agar Aura Agarwoods Product Portfolio
7.1.3 Agar Aura Agarwoods Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Agar Aura Main Business and Markets Served
7.1.5 Agar Aura Recent Developments/Updates
7.2 Asia Plantation Capital
7.2.1 Asia Plantation Capital Agarwoods Corporation Information
7.2.2 Asia Plantation Capital Agarwoods Product Portfolio
7.2.3 Asia Plantation Capital Agarwoods Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Asia Plantation Capital Main Business and Markets Served
7.2.5 Asia Plantation Capital Recent Developments/Updates
7.3 Gulf Oil & Gas
7.3.1 Gulf Oil & Gas Agarwoods Corporation Information
7.3.2 Gulf Oil & Gas Agarwoods Product Portfolio
7.3.3 Gulf Oil & Gas Agarwoods Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Gulf Oil & Gas Main Business and Markets Served
7.3.5 Gulf Oil & Gas Recent Developments/Updates
7.4 Trat Agarwood Co., Ltd
7.4.1 Trat Agarwood Co., Ltd Agarwoods Corporation Information
7.4.2 Trat Agarwood Co., Ltd Agarwoods Product Portfolio
7.4.3 Trat Agarwood Co., Ltd Agarwoods Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Trat Agarwood Co., Ltd Main Business and Markets Served
7.4.5 Trat Agarwood Co., Ltd Recent Developments/Updates
7.5 Kenden Agarwood
7.5.1 Kenden Agarwood Agarwoods Corporation Information
7.5.2 Kenden Agarwood Agarwoods Product Portfolio
7.5.3 Kenden Agarwood Agarwoods Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Kenden Agarwood Main Business and Markets Served
7.5.5 Kenden Agarwood Recent Developments/Updates
7.6 Hoang Giang Agarwood
7.6.1 Hoang Giang Agarwood Agarwoods Corporation Information
7.6.2 Hoang Giang Agarwood Agarwoods Product Portfolio
7.6.3 Hoang Giang Agarwood Agarwoods Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Hoang Giang Agarwood Main Business and Markets Served
7.6.5 Hoang Giang Agarwood Recent Developments/Updates
7.7 Yayasan Kemanusiaan Ibu Pertiwi (YAKIP)
7.7.1 Yayasan Kemanusiaan Ibu Pertiwi (YAKIP) Agarwoods Corporation Information
7.7.2 Yayasan Kemanusiaan Ibu Pertiwi (YAKIP) Agarwoods Product Portfolio
7.7.3 Yayasan Kemanusiaan Ibu Pertiwi (YAKIP) Agarwoods Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Yayasan Kemanusiaan Ibu Pertiwi (YAKIP) Main Business and Markets Served
7.7.5 Yayasan Kemanusiaan Ibu Pertiwi (YAKIP) Recent Developments/Updates
7.8 Royal Green Agarwood
7.8.1 Royal Green Agarwood Agarwoods Corporation Information
7.8.2 Royal Green Agarwood Agarwoods Product Portfolio
7.8.3 Royal Green Agarwood Agarwoods Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Royal Green Agarwood Main Business and Markets Served
7.7.5 Royal Green Agarwood Recent Developments/Updates
7.9 Fragrance Du Bois
7.9.1 Fragrance Du Bois Agarwoods Corporation Information
7.9.2 Fragrance Du Bois Agarwoods Product Portfolio
7.9.3 Fragrance Du Bois Agarwoods Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Fragrance Du Bois Main Business and Markets Served
7.9.5 Fragrance Du Bois Recent Developments/Updates
7.10 AMPL
7.10.1 AMPL Agarwoods Corporation Information
7.10.2 AMPL Agarwoods Product Portfolio
7.10.3 AMPL Agarwoods Production, Value, Price and Gross Margin (2019-2024)
7.10.4 AMPL Main Business and Markets Served
7.10.5 AMPL Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Agarwoods Industry Chain Analysis
8.2 Agarwoods Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Agarwoods Production Mode & Process
8.4 Agarwoods Sales and Marketing
8.4.1 Agarwoods Sales Channels
8.4.2 Agarwoods Distributors
8.5 Agarwoods Customers
9 Agarwoods Market Dynamics
9.1 Agarwoods Industry Trends
9.2 Agarwoods Market Drivers
9.3 Agarwoods Market Challenges
9.4 Agarwoods Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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