Sandalwood Oil Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Quintis, Santanol, RK-Essential Oils, Meena Perfumery

Registering a CAGR of 6.99% over the forecast period of 2022-2027, the sandalwood oil market is anticipated to reach the market value of US$ 165.5 million in the year 2027.

Sandalwood Oil Market Overview

Sandalwood oil, also known as santal oil, is an important oil obtained by processing chips and billets of sandalwood trees through steam distillation. It is mostly used in the cosmetic and personal care industry to produce commodities such as soaps, shampoos, and lotions. Sandalwood oil has been usually used as an antiseptic and astringent to treat headache, stomachache, and urinary disorders. Now, it is most commonly used in aromatherapy to improve psychological well-being. An increase in the number of working populations in the developing economies has led to improved stress levels, which inclines consumers toward spas for relaxation. This finally has a positive impact on the sandalwood oil market since it is a widely used essential oil for aromatherapy. Growth in demand for natural perfume over synthetic perfume is a major driver for the sandalwood oil market. With increase in disposable income of the population, there is an escalation in the demand for personal care products such as aromatic soaps, shampoos, and lotions, which drives the progress of the market. Still, high price of sandalwood oil is expected to hinder the growth of the sandalwood oil market. Rising beauty consciousness has fuelled the demand for sandalwood oil. Sandalwood oil plays a vital role in perfumeries as it has an exotic woody-floral scent which tempts consumers. Apart from perfumeries, sandalwood oil is also used as facial cleansing oil, anti-wrinkle ingredient, and as a moisturizing agent in the cosmetic and personal care trades. Sandalwood oil has also initiate usage in personal care products such as bathing soaps, shampoos, body lotions, etc. over the years.

Industry News 

BASF and Isobionics launch Isobionics Santalol, an alternative to sandalwood oil

Ludwigshafen, Germany- BASF Nutrition & Health and Isobionics® are launching their first joint product,  Isobionics® Santalol. Thanks to its woody odor profile, the new fragrance in BASF's portfolio is a convincing alternative to sandalwood oil.

What are the major Applications, Types, and Regions for the Sandalwood Oil Market?

The market is segmented based on the type, applications, companies, and regions.

By Type, it is segmented into

• Indian Sandalwood Oil


• Australian Sandalwood Oil


• Natural Sandalwood Oil


• Lab-created sandalwood oil

By Application, it is segmented into

• Cosmetics (Perfumes)


• Pharmaceuticals


• Aromatherapy


• Others

Sandalwood Oil Market Regional Analysis

The Asia-Pacific region is expected to enjoy the lion’s share of the sandalwood oil market share. Part of the reason for this is because India is a major nation in the Asia-Pacific region, and it is a key producer and consumer of sandalwood oil. But people in neighboring countries like Thailand are increasingly buying sandalwood oil. What is attracting them is the fact that this oil is affordable (in relation to other medicines) natural and has many great health benefits.

The North American market is expected to see significant growth in terms of sandalwood oil market share at the regional level. What is driving this growth is the fact that the masses are increasingly demanding to buy and use products that are organic and contain mostly natural ingredients. This is especially true in the United States of America but it’s also true in Canada.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Sandalwood Oil Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Sandalwood Oil Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Sandalwood Oil Market report scope?

Key Takeaways from this Sandalwood Oil Report

• Evaluate Sandalwood Oil market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at the country level - for product types, end-use applications, and different industries verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.


• Get in-depth insights on your competitor’s performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies to your processes.


• Get a quick outlook on the Sandalwood Oil market entropy – M&As, deals, partnerships, and product launches of all key players for the past 5 years.


• Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.

Frequently Asked Questions

What is the study period of this market?

The Sandalwood Oil Market is studied from 2017 - 2027.

What is the growth rate of the Sandalwood Oil Market?

The Sandalwood Oil Market is growing at a CAGR of 6.99% over the next 5 years.

What regions does this Sandalwood Oil Market report cover?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)



All our reports are custom made to your company’s needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.