Sandalwood Oil Market Estimated To Experience A Hike In Growth By 2027 | Doterra International LLC , Eden botanicals , Plant Therapy Essential Oils , Santanol Group, Haldin International, Aditi Essentials

Market Overview

The global Sandalwood Oil Market 2020, according to MRFR, is expected to register a CAGR of 6.99% over the review period (2019 to 2024) and reach USD 156 million by the end of 2024.

Market Dynamics

Increasing awareness of beauty has fueled the market for sandalwood oil. In addition to perfumery, sandalwood oil is also used in the cosmetic and personal care industries as a skin washing oil, anti-wrinkle ingredient, and as a moisturising agent. This increases its acceptance over the evaluation period in the beauty and makeup industry. Sandalwood oil, along with cosmetics, has a growing market among consumers for commercial consumer goods such as incense sticks, room fresheners, fragrance medicinal mixing, and others due to the increasing demand among natural consumers herbal products rather than synthetic perfumes. The sandalwood oil multi-utility is expected to develop positively in the forecast era.

Increases in the number of working populations in developed countries have contributed to higher levels of tension, which is tilting customers towards relaxation spas. Ultimately, this has a beneficial influence on the demand for sandalwood oil since it is a regularly used aromatherapy essential oil. A significant factor for the sandalwood oil industry is increasing demand for natural perfume over synthetic perfume. With the increase in the population’s disposable income, the demand for personal care goods such as aromatic soaps, shampoos and lotions is growing, driving the growth of the industry.

The supply of natural sandalwood oil, however, has become scarce and pricey, which may hold back the growth of the demand for sandalwood oil. Nevertheless, in some categories, such as personal care and cosmetics, the transition in customer preference from chemical-based products to natural products can be seen as an incentive for sandalwood oil producers to grow this business. Furthermore, sandalwood oil is developed for cooking purposes in GCC countries as a food-grade edible oil. Because of diversified supply chains around the world, it will be expected that sandalwood oil investors would have better returns in the future.. 

Get Free Sample Copy of “ Sandalwood Oil Market” @

https://www.marketresearchfuture.com/sample_request/4626

 Segmental Analysis

The global sandalwood oil market has been analyzed based on application, type, and region.

based on type, the global sandalwood oil market has been bifurcated as natural and synthetic.

based on application, the global sandalwood oil market has been segmented into aromatherapy, pharmaceuticals, personal care, and others.

Regional Analysis

Four major regions, including the Asia Pacific, North America, Europe, and the rest of the world, have been analysed for the global sandalwood oil market.

Because of the increased understanding of the benefits of sandalwood oil in markets such as India, Thailand, and Singapore, the Asia-Pacific market is expected to dominate the global sandalwood oil market. Furthermore, the high disposable income resulting in increased purchasing power on personal care goods containing different essential oils is expected to improve the region’s sandalwood oil market.

Because of the increasing demand for products dependent on natural ingredients, the North American market is expected to substantially share the sandalwood market. In addition, the growing use of sandalwood oil in aromatherapy is expected to propel the development of the region’s sandalwood oil industry. In the rest of the world, the global market for sandalwood oil is projected to expand at a steady pace due to increased demand for goods dependent on natural ingredients.

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/sandalwood-oil-market-4626

Competitive Landscape

Doterra International LLC (Utah), Eden botanicals (US), Plant Therapy Essential Oils (US), Santanol Group (Australia), Haldin International (Indonesia), Aditi Essentials (India), Jiangyin Healthway (Japan), Albert Vieille SAS (France), Kanta Enterprises (India), PerfumersWorld Ltd. (Thailand), Ancient Healer (US), Vedic Vaani (India), Cliara Essential Oils (Sri Lanka), Khadi Natural (India), and Sallamander Concepts Pty Ltd (South Africa),  are some of the major players in the global sandalwood oil market.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited), 

99 Hudson Street,5Th Floor, New York, New York 10013, United States of America

Tags: Sandalwood Oil Market analysis, Sandalwood Oil Market, Sandalwood Oil, Sandalwood Oil Market Size, Sandalwood Oil Market trends, Sandalwood Oil Industry, global Sandalwood Oil market, Sandalwood Oil Market Research, Sandalwood Oil Market Research Report, Sandalwood oil Market Forecast, Covid-19 Analysis on Sandalwood Oil Market See Campaign: https://www.marketresearchfuture.com/reports/sandalwood-oil-market-4626
Contact Information:
+91 20-48532201

Tags:
Menafn, PR-Wirein, Wire, Research Newswire, English