Global Sandalwood Extract Market Growth 2024-2030
Product Code:813714
Published Date: Jan 02,2024
Pages: 107
Region: Global
Category: Chemical & Material
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According to our LPI (LP Information) latest study, the global Sandalwood Extract market size was valued at US$ 112.5 million in 2023. With growing demand in downstream market, the Sandalwood Extract is forecast to a readjusted size of US$ 142.4 million by 2030 with a CAGR of 3.4% during review period.
The research report highlights the growth potential of the global Sandalwood Extract market. Sandalwood Extract are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Sandalwood Extract. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Sandalwood Extract market.
Sandalwood is a class of woods from trees in the genus Santalum. The woods are heavy, yellow, and fine-grained, and unlike many other aromatic woods, they retain their fragrance for decades. Indian Sandalwood Oil (Santalum Album) is extracted from the woods for use. Sandalwood is the second most expensive wood in the world, after African blackwood. Both the wood and the oil produce a distinctive fragrance that has been highly valued for centuries. Consequently, species of these slow-growing trees have suffered over-harvesting in the past century.
Global Sandalwood Extract key players include Quintis (former TFS Corporation), Santanol Group, KS&DL (Karnataka Soaps & Detergents Limited), Meena Perfumery, RK-Essential Oils Company, etc. Global top five manufacturers hold a share over 65%.
Australia is the largest market, with a share about 65%, followed by India and Indonesia, both have a share about 30 percent.In terms of product, East Indian Sandalwood Oil is the largest segment, with a share about 85%. And in terms of application, the largest application is Personal Care, followed by Aromatherapy, Pharmaceuticals, etc.
Key Features:
The report on Sandalwood Extract market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Sandalwood Extract market. It may include historical data, market segmentation by Type (e.g., East Indian Sandalwood Oil, Australian Sandalwood Oil), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Sandalwood Extract market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Sandalwood Extract market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Sandalwood Extract industry. This include advancements in Sandalwood Extract technology, Sandalwood Extract new entrants, Sandalwood Extract new investment, and other innovations that are shaping the future of Sandalwood Extract.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Sandalwood Extract market. It includes factors influencing customer ' purchasing decisions, preferences for Sandalwood Extract product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Sandalwood Extract market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Sandalwood Extract market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Sandalwood Extract market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Sandalwood Extract industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Sandalwood Extract market.
Market Segmentation:
Sandalwood Extract market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
East Indian Sandalwood Oil
Australian Sandalwood Oil
Segmentation by application
Personal Care
Aromatherapy
Pharmaceuticals
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Quintis (TFS Corporation)
Mercer(Santanol Group)
KS&DL (Karnataka Soaps & Detergents Limited)
Meena Perfumery
RK-Essential Oils Company
Naresh International
Katyani Exports
Essentially Australia
Sandalwood Forest (Qingyuan)
Jiangxi Jishui Natural Essential oil Factory
Jinagxi Xuesong
Key Questions Addressed in this Report
What is the 10-year outlook for the global Sandalwood Extract market?
What factors are driving Sandalwood Extract market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Sandalwood Extract market opportunities vary by end market size?
How does Sandalwood Extract break out type, application?