According to a new market report published by Lucintel, the future of the sandalwood oil market looks promising with opportunities in the cosmetic and personal care, pharmaceutical, aromatherapy, and household applications. The global sandalwood oil market is expected to grow with a CAGR of 7% from 2020 to 2025. The major drivers for this market are growing beauty consciousness among consumer, increased stress level, and shift of consumer preferences from chemical to natural products.
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Sandalwood oil is extracted by steam distillation of wood chips of sandalwood trees and is used for external use and also for consumption. In this market, natural and synthetic are the major sources used form manufacturing of sandalwood oil. Lucintel forecasts that natural sandalwood oil will remain the largest segment over the forecast period due to its increased demand from cosmetic and personal care industry as it is suitable for every skin type and has no side effects.
Within this market, cosmetic and personal care will remain the largest segment by application over the forecast period due to rising demand from fragrance industry and its usage in various personal care products as facial cleansing oil, anti-wrinkle ingredient, and as a moisturizing agent.
Asia Pacific will remain the largest region over the forecast period due to increased awareness about benefits of sandalwood oil and high disposable income leading to the increased expenditure capacity on personal care products.
Albert Vieille, Doterra International LLC, Eden Botanicals, Santanol Group, Plant Therapy Essential Oils, Aditi Essentials, Haldin International, Jiangyin Healthway, Kanta Enterprises, and PerfumersWorld are among the major suppliers in the global sandalwood oil market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global sandalwood oil market by application, source, product type, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Sandalwood Oil Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global sandalwood oil market by application, source, product type, and region as follows:
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Cosmetic and Personal Care
Pharmaceutical
Aromatherapy
Household
By Source [Value ($ Million) shipment analysis for 2014 – 2025]:
By Product Type [Value ($ Million) shipment analysis for 2014 – 2025]:
East Indian Sandalwood Oil
New Caledonian Sandalwood Oil
Australian Sandalwood Oil
Others
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
Italy
United Kingdom
German
France
China
India
South Korea
Japan
A more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
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