Sandalwood Oil
Published on: 2024-01-04 | No of Pages : 156 | Industry : Chemical & Material
Publisher : HNY Research | Format : PDF&Excel
Sandalwood Oil
The global Sandalwood Oil market was valued at 81.12 Million USD in 2021 and will grow with a CAGR of 10.73% from 2021 to 2027, based on HNY Research newly published report.
The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
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 global sandalwood oil concentration rate is relatively low; the manufacturers are mainly distributed in eastern Indian Ocean and the Pacific Ocean, like Australia, India, Indonesia, Sri Lanka, Malaysia, China and Hawaii etc. Australia and India are dominating the global sandalwood oil market. In Australia, is the largest producer of sandalwood oil, the market is dominated by few players like Quintis (former TFS Corporation), Santanol Group and Essentially Australia. Quintis now is the largest producer of sandalwood oil in the world, cultivates and manages huge santalum album trees in Australia, supplies sandalwood oil for the perfume and pharmaceutical use. Quintis`s customer include Galderma, Lush Cosmetics, Young Living, Santalis Pharmaceuticals and Estee Lauder etc. India is the second producer of sandalwood oil, the market concentration rate is low, most of the players are small, and the top players include Karnataka Soaps & Detergents Limited (KS&DL), RK-Essential Oils Company, Meena Perfumery, Katyani Exports and Naresh International etc. In China, there are only several producer located in Jiangxi and Guangdong province, like Sandalwood Forest (cultivate Indian sandalwood in Guangdong), Jinagxi Xuesong and Jiangxi Jishui etc. low-yielding and low quality. In terms of consumption of sandalwood oil, North America, Europe and India are dominating the consumption market, the sandalwood oils are mainly used in personal care products, cosmetics, perfumes, aromatherapy, Pharmaceuticals and other applications like mosquito coils and incense etc. This industry is easily affected by the development of the sandalwood. The natural sandalwood trees are decreasing due to illegal felling and procurement of the wood. It will have to rely on the artificial cultivation in the future. And it is possible that the sandalwood oil price will keep a weak down trend in the future, thanks to the strong demand and the success of the artificial cultivation. So it`s important to put an eye to the development of natural and artificial cultivation sandalwood, especially large production country, like Australia, India and , Indonesia and the Pacific Islands.
By Market Verdors
Quintis (TFS Corporation)(Australia)
Santanol Group (Australia)
RK-Essential Oils Company (India)
Meena Perfumery (India)
Naresh International (India)
Essentially Australia (Australia)
Katyani Exports (India)
KS&DL (Karnataka Soaps & Detergents Limited)(India)
Sandalwood Forest (Qingyuan) (China)
Jiangxi Jishui Natural Essential oil Factory (China)
Jinagxi Xuesong (China)
By Types
Indian Sandalwood Oil
Australian Sandalwood Oil
By Applications
Cosmetics(Perfumes)
Pharmaceuticals
Aromatherapy
Key Indicators Analysed
Market Players & Competitor AnalysisThe report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market AnalysisThe report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
Market TrendsMarket key trends which include Increased Competition and Continuous Innovations.
Opportunities and DriversIdentifying the Growing Demands and New Technology
Porters Five Force AnalysisThe report provides with the state of competition in industry depending on five basic forcesthreat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
Key Reasons to Purchase
To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
Assess the production processes, major issues, and solutions to mitigate the development risk.
To understand the most affecting driving and restraining forces in the market and its impact in the global market.
Learn about the market strategies that are being adopted by leading respective organizations.
To understand the future outlook and prospects for the market.
Besides the standard structure reports, we also provide custom research according to specific requirements.
The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
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 global sandalwood oil concentration rate is relatively low; the manufacturers are mainly distributed in eastern Indian Ocean and the Pacific Ocean, like Australia, India, Indonesia, Sri Lanka, Malaysia, China and Hawaii etc. Australia and India are dominating the global sandalwood oil market. In Australia, is the largest producer of sandalwood oil, the market is dominated by few players like Quintis (former TFS Corporation), Santanol Group and Essentially Australia. Quintis now is the largest producer of sandalwood oil in the world, cultivates and manages huge santalum album trees in Australia, supplies sandalwood oil for the perfume and pharmaceutical use. Quintis`s customer include Galderma, Lush Cosmetics, Young Living, Santalis Pharmaceuticals and Estee Lauder etc. India is the second producer of sandalwood oil, the market concentration rate is low, most of the players are small, and the top players include Karnataka Soaps & Detergents Limited (KS&DL), RK-Essential Oils Company, Meena Perfumery, Katyani Exports and Naresh International etc. In China, there are only several producer located in Jiangxi and Guangdong province, like Sandalwood Forest (cultivate Indian sandalwood in Guangdong), Jinagxi Xuesong and Jiangxi Jishui etc. low-yielding and low quality. In terms of consumption of sandalwood oil, North America, Europe and India are dominating the consumption market, the sandalwood oils are mainly used in personal care products, cosmetics, perfumes, aromatherapy, Pharmaceuticals and other applications like mosquito coils and incense etc. This industry is easily affected by the development of the sandalwood. The natural sandalwood trees are decreasing due to illegal felling and procurement of the wood. It will have to rely on the artificial cultivation in the future. And it is possible that the sandalwood oil price will keep a weak down trend in the future, thanks to the strong demand and the success of the artificial cultivation. So it`s important to put an eye to the development of natural and artificial cultivation sandalwood, especially large production country, like Australia, India and , Indonesia and the Pacific Islands.
By Market Verdors
Quintis (TFS Corporation)(Australia)
Santanol Group (Australia)
RK-Essential Oils Company (India)
Meena Perfumery (India)
Naresh International (India)
Essentially Australia (Australia)
Katyani Exports (India)
KS&DL (Karnataka Soaps & Detergents Limited)(India)
Sandalwood Forest (Qingyuan) (China)
Jiangxi Jishui Natural Essential oil Factory (China)
Jinagxi Xuesong (China)
By Types
Indian Sandalwood Oil
Australian Sandalwood Oil
By Applications
Cosmetics(Perfumes)
Pharmaceuticals
Aromatherapy
Key Indicators Analysed
Market Players & Competitor AnalysisThe report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market AnalysisThe report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
Market TrendsMarket key trends which include Increased Competition and Continuous Innovations.
Opportunities and DriversIdentifying the Growing Demands and New Technology
Porters Five Force AnalysisThe report provides with the state of competition in industry depending on five basic forcesthreat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
Key Reasons to Purchase
To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
Assess the production processes, major issues, and solutions to mitigate the development risk.
To understand the most affecting driving and restraining forces in the market and its impact in the global market.
Learn about the market strategies that are being adopted by leading respective organizations.
To understand the future outlook and prospects for the market.
Besides the standard structure reports, we also provide custom research according to specific requirements.
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