The Global Sandalwood Extract market size is projected to reach USD 0.16 billion by 2029
Posted By: sales | Published Date: Feb 23,2024
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.
Global Sandalwood Extract MarketSize(US$ Million), 2018-2029
Based on or includes research from LP Information: Global Sandalwood Extract Market Report 2024-2029.
Global Sandalwood Extract Top11Players Ranking and Market Share（Based on data of 2021, Continually updated）
Based on or includes research from LP Information: 2021 data information of Global Sandalwood Extract Market Report 2024-2029.
The global key manufacturers of Sandalwood Extract include 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, etc. In 2020, the global top five players had a share approximately 71.0% in terms of revenue.
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