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Global Sandalwood Oil Market Research Report 2024
Synopsis
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 oil that distilled from eucarya spicata species, amyris and so on is not belonging to the Sandalwood Oil. Different sandalwood species are indigenous to India, Indonesia, Sri Lanka, Bangladesh (S. album), and Australia (S. spicatum and S. lanceolatum), as well as to several Pacific Islands such as Hawaii (S. ellipticum), Fiji and Tonga (S. yasi), Papua New Guinea (S. macgregorii), Vanuatu and New Caledonia (S. austrocaledonicum) and French Polynesia (S. insulare). Traditionally, sandalwood is wild-harvested, since cultivation is difficult. Because of over- and illegal harvesting, supplies of sandalwood, especially Indian sandalwood, have decreased considerably over the last 10-15 years. Consequently, efforts to cultivate sandalwood have increased; Australia now has several plantations of Indian sandalwood trees.
The global Sandalwood Oil market was valued at US$ 139 million in 2023 and is anticipated to reach US$ 281.9 million by 2030, witnessing a CAGR of 10.5% during the forecast period 2024-2030.
Global Sandalwood Oil key players include Quintis, Meena Perfumery, RK-Essential Oils, Santanol Group, KS&DL, etc. Global top five manufacturers hold a share about 65%. Asia Paicfic is the largest market, with a share about 40%, followed by Europe, with a share about 30 percent. In terms of product, Indian Sandalwood Oil is the largest segment, with a share about 85%. And in terms of application, the largest application is Aromatherapy, followed by Personal Care, Pharmaceuticals, etc.
This report aims to provide a comprehensive presentation of the global market for Sandalwood Oil, 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 Sandalwood Oil.
Report Scope
The Sandalwood Oil market size, estimations, and forecasts are provided in terms of output/shipments (Kg) 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 Sandalwood Oil 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 Sandalwood Oil 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
Quintis (TFS )(Australia)
Santanol (Australia)
RK-Essential Oils (India)
Meena Perfumery (India)
Naresh International (India)
Essentially Australia (Australia)
Katyani Exports (India)
KS&DL (Karnataka Soaps & Detergents)(India)
Sandalwood Forest (Qingyuan) (China)
Jiangxi Jishui Natural Essential oil Factory (China)
Jinagxi Xuesong (China)
Segment by Type
Indian Sandalwood Oil
Australian Sandalwood Oil
Segment by Application
Cosmetics (Perfumes)
Pharmaceuticals
Aromatherapy
Others
Production by Region
Australia
India
China
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 Sandalwood Oil manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Sandalwood Oil 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 Sandalwood Oil 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.
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 oil that distilled from eucarya spicata species, amyris and so on is not belonging to the Sandalwood Oil. Different sandalwood species are indigenous to India, Indonesia, Sri Lanka, Bangladesh (S. album), and Australia (S. spicatum and S. lanceolatum), as well as to several Pacific Islands such as Hawaii (S. ellipticum), Fiji and Tonga (S. yasi), Papua New Guinea (S. macgregorii), Vanuatu and New Caledonia (S. austrocaledonicum) and French Polynesia (S. insulare). Traditionally, sandalwood is wild-harvested, since cultivation is difficult. Because of over- and illegal harvesting, supplies of sandalwood, especially Indian sandalwood, have decreased considerably over the last 10-15 years. Consequently, efforts to cultivate sandalwood have increased; Australia now has several plantations of Indian sandalwood trees.
The global Sandalwood Oil market was valued at US$ 139 million in 2023 and is anticipated to reach US$ 281.9 million by 2030, witnessing a CAGR of 10.5% during the forecast period 2024-2030.
Global Sandalwood Oil key players include Quintis, Meena Perfumery, RK-Essential Oils, Santanol Group, KS&DL, etc. Global top five manufacturers hold a share about 65%. Asia Paicfic is the largest market, with a share about 40%, followed by Europe, with a share about 30 percent. In terms of product, Indian Sandalwood Oil is the largest segment, with a share about 85%. And in terms of application, the largest application is Aromatherapy, followed by Personal Care, Pharmaceuticals, etc.
This report aims to provide a comprehensive presentation of the global market for Sandalwood Oil, 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 Sandalwood Oil.
Report Scope
The Sandalwood Oil market size, estimations, and forecasts are provided in terms of output/shipments (Kg) 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 Sandalwood Oil 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 Sandalwood Oil 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
Quintis (TFS )(Australia)
Santanol (Australia)
RK-Essential Oils (India)
Meena Perfumery (India)
Naresh International (India)
Essentially Australia (Australia)
Katyani Exports (India)
KS&DL (Karnataka Soaps & Detergents)(India)
Sandalwood Forest (Qingyuan) (China)
Jiangxi Jishui Natural Essential oil Factory (China)
Jinagxi Xuesong (China)
Segment by Type
Indian Sandalwood Oil
Australian Sandalwood Oil
Segment by Application
Cosmetics (Perfumes)
Pharmaceuticals
Aromatherapy
Others
Production by Region
Australia
India
China
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 Sandalwood Oil manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Sandalwood Oil 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 Sandalwood Oil 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 Sandalwood Oil Market Overview
1.1 Product Definition
1.2 Sandalwood Oil Segment by Type
1.2.1 Global Sandalwood Oil Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Indian Sandalwood Oil
1.2.3 Australian Sandalwood Oil
1.3 Sandalwood Oil Segment by Application
1.3.1 Global Sandalwood Oil Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Cosmetics (Perfumes)
1.3.3 Pharmaceuticals
1.3.4 Aromatherapy
1.3.5 Others
1.4 Global Market Growth Prospects
1.4.1 Global Sandalwood Oil Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Sandalwood Oil Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Sandalwood Oil Production Estimates and Forecasts (2019-2030)
1.4.4 Global Sandalwood Oil Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Sandalwood Oil Production Market Share by Manufacturers (2019-2024)
2.2 Global Sandalwood Oil Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Sandalwood Oil, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Sandalwood Oil Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Sandalwood Oil Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Sandalwood Oil, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Sandalwood Oil, Product Offered and Application
2.8 Global Key Manufacturers of Sandalwood Oil, Date of Enter into This Industry
2.9 Sandalwood Oil Market Competitive Situation and Trends
2.9.1 Sandalwood Oil Market Concentration Rate
2.9.2 Global 5 and 10 Largest Sandalwood Oil Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Sandalwood Oil Production by Region
3.1 Global Sandalwood Oil Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Sandalwood Oil Production Value by Region (2019-2030)
3.2.1 Global Sandalwood Oil Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Sandalwood Oil by Region (2025-2030)
3.3 Global Sandalwood Oil Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Sandalwood Oil Production by Region (2019-2030)
3.4.1 Global Sandalwood Oil Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Sandalwood Oil by Region (2025-2030)
3.5 Global Sandalwood Oil Market Price Analysis by Region (2019-2024)
3.6 Global Sandalwood Oil Production and Value, Year-over-Year Growth
3.6.1 Australia Sandalwood Oil Production Value Estimates and Forecasts (2019-2030)
3.6.2 India Sandalwood Oil Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Sandalwood Oil Production Value Estimates and Forecasts (2019-2030)
4 Sandalwood Oil Consumption by Region
4.1 Global Sandalwood Oil Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Sandalwood Oil Consumption by Region (2019-2030)
4.2.1 Global Sandalwood Oil Consumption by Region (2019-2024)
4.2.2 Global Sandalwood Oil Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Sandalwood Oil Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Sandalwood Oil Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Sandalwood Oil Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Sandalwood Oil 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 Sandalwood Oil Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Sandalwood Oil 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 Sandalwood Oil Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Sandalwood Oil Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Sandalwood Oil Production by Type (2019-2030)
5.1.1 Global Sandalwood Oil Production by Type (2019-2024)
5.1.2 Global Sandalwood Oil Production by Type (2025-2030)
5.1.3 Global Sandalwood Oil Production Market Share by Type (2019-2030)
5.2 Global Sandalwood Oil Production Value by Type (2019-2030)
5.2.1 Global Sandalwood Oil Production Value by Type (2019-2024)
5.2.2 Global Sandalwood Oil Production Value by Type (2025-2030)
5.2.3 Global Sandalwood Oil Production Value Market Share by Type (2019-2030)
5.3 Global Sandalwood Oil Price by Type (2019-2030)
6 Segment by Application
6.1 Global Sandalwood Oil Production by Application (2019-2030)
6.1.1 Global Sandalwood Oil Production by Application (2019-2024)
6.1.2 Global Sandalwood Oil Production by Application (2025-2030)
6.1.3 Global Sandalwood Oil Production Market Share by Application (2019-2030)
6.2 Global Sandalwood Oil Production Value by Application (2019-2030)
6.2.1 Global Sandalwood Oil Production Value by Application (2019-2024)
6.2.2 Global Sandalwood Oil Production Value by Application (2025-2030)
6.2.3 Global Sandalwood Oil Production Value Market Share by Application (2019-2030)
6.3 Global Sandalwood Oil Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Quintis (TFS )(Australia)
7.1.1 Quintis (TFS )(Australia) Sandalwood Oil Corporation Information
7.1.2 Quintis (TFS )(Australia) Sandalwood Oil Product Portfolio
7.1.3 Quintis (TFS )(Australia) Sandalwood Oil Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Quintis (TFS )(Australia) Main Business and Markets Served
7.1.5 Quintis (TFS )(Australia) Recent Developments/Updates
7.2 Santanol (Australia)
7.2.1 Santanol (Australia) Sandalwood Oil Corporation Information
7.2.2 Santanol (Australia) Sandalwood Oil Product Portfolio
7.2.3 Santanol (Australia) Sandalwood Oil Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Santanol (Australia) Main Business and Markets Served
7.2.5 Santanol (Australia) Recent Developments/Updates
7.3 RK-Essential Oils (India)
7.3.1 RK-Essential Oils (India) Sandalwood Oil Corporation Information
7.3.2 RK-Essential Oils (India) Sandalwood Oil Product Portfolio
7.3.3 RK-Essential Oils (India) Sandalwood Oil Production, Value, Price and Gross Margin (2019-2024)
7.3.4 RK-Essential Oils (India) Main Business and Markets Served
7.3.5 RK-Essential Oils (India) Recent Developments/Updates
7.4 Meena Perfumery (India)
7.4.1 Meena Perfumery (India) Sandalwood Oil Corporation Information
7.4.2 Meena Perfumery (India) Sandalwood Oil Product Portfolio
7.4.3 Meena Perfumery (India) Sandalwood Oil Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Meena Perfumery (India) Main Business and Markets Served
7.4.5 Meena Perfumery (India) Recent Developments/Updates
7.5 Naresh International (India)
7.5.1 Naresh International (India) Sandalwood Oil Corporation Information
7.5.2 Naresh International (India) Sandalwood Oil Product Portfolio
7.5.3 Naresh International (India) Sandalwood Oil Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Naresh International (India) Main Business and Markets Served
7.5.5 Naresh International (India) Recent Developments/Updates
7.6 Essentially Australia (Australia)
7.6.1 Essentially Australia (Australia) Sandalwood Oil Corporation Information
7.6.2 Essentially Australia (Australia) Sandalwood Oil Product Portfolio
7.6.3 Essentially Australia (Australia) Sandalwood Oil Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Essentially Australia (Australia) Main Business and Markets Served
7.6.5 Essentially Australia (Australia) Recent Developments/Updates
7.7 Katyani Exports (India)
7.7.1 Katyani Exports (India) Sandalwood Oil Corporation Information
7.7.2 Katyani Exports (India) Sandalwood Oil Product Portfolio
7.7.3 Katyani Exports (India) Sandalwood Oil Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Katyani Exports (India) Main Business and Markets Served
7.7.5 Katyani Exports (India) Recent Developments/Updates
7.8 KS&DL (Karnataka Soaps & Detergents)(India)
7.8.1 KS&DL (Karnataka Soaps & Detergents)(India) Sandalwood Oil Corporation Information
7.8.2 KS&DL (Karnataka Soaps & Detergents)(India) Sandalwood Oil Product Portfolio
7.8.3 KS&DL (Karnataka Soaps & Detergents)(India) Sandalwood Oil Production, Value, Price and Gross Margin (2019-2024)
7.8.4 KS&DL (Karnataka Soaps & Detergents)(India) Main Business and Markets Served
7.7.5 KS&DL (Karnataka Soaps & Detergents)(India) Recent Developments/Updates
7.9 Sandalwood Forest (Qingyuan) (China)
7.9.1 Sandalwood Forest (Qingyuan) (China) Sandalwood Oil Corporation Information
7.9.2 Sandalwood Forest (Qingyuan) (China) Sandalwood Oil Product Portfolio
7.9.3 Sandalwood Forest (Qingyuan) (China) Sandalwood Oil Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Sandalwood Forest (Qingyuan) (China) Main Business and Markets Served
7.9.5 Sandalwood Forest (Qingyuan) (China) Recent Developments/Updates
7.10 Jiangxi Jishui Natural Essential oil Factory (China)
7.10.1 Jiangxi Jishui Natural Essential oil Factory (China) Sandalwood Oil Corporation Information
7.10.2 Jiangxi Jishui Natural Essential oil Factory (China) Sandalwood Oil Product Portfolio
7.10.3 Jiangxi Jishui Natural Essential oil Factory (China) Sandalwood Oil Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Jiangxi Jishui Natural Essential oil Factory (China) Main Business and Markets Served
7.10.5 Jiangxi Jishui Natural Essential oil Factory (China) Recent Developments/Updates
7.11 Jinagxi Xuesong (China)
7.11.1 Jinagxi Xuesong (China) Sandalwood Oil Corporation Information
7.11.2 Jinagxi Xuesong (China) Sandalwood Oil Product Portfolio
7.11.3 Jinagxi Xuesong (China) Sandalwood Oil Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Jinagxi Xuesong (China) Main Business and Markets Served
7.11.5 Jinagxi Xuesong (China) Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Sandalwood Oil Industry Chain Analysis
8.2 Sandalwood Oil Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Sandalwood Oil Production Mode & Process
8.4 Sandalwood Oil Sales and Marketing
8.4.1 Sandalwood Oil Sales Channels
8.4.2 Sandalwood Oil Distributors
8.5 Sandalwood Oil Customers
9 Sandalwood Oil Market Dynamics
9.1 Sandalwood Oil Industry Trends
9.2 Sandalwood Oil Market Drivers
9.3 Sandalwood Oil Market Challenges
9.4 Sandalwood Oil 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
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