Agarwood Oil Market
Agarwood Oil Market Analysis by Organic and Conventional for Cosmetics & Personal Care, Pharmaceuticals, and Food & Beverages from 2023 to 2033
Analysis of Agarwood Oil Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Agarwood Oil Market Growth Outlook (2023 to 2033)
Global demand for agarwood oil is predicted to rise at a CAGR of 6% from 2023 to 2033. Currently, the global agarwood oil market is valued at US$ 250 million and is this expected to hit a valuation of US$ 450 million by the end of 2033.
Agarwood is an endangered species that is protected under the Convention on Trade in Endangered Species of Wild Fauna and Flora.
Agarwood is traded in a variety of forms, such as oil, chips, logs, and dust. Agarwood oil, also known as eaglewood oil and oud oil, is a resinous, aromatic, and highly precious essential oil extracted from the agarwood tree's heartwood after it becomes infested. Agarwood oil is also popularly known as aloeswood oil.
This oil is well-known for its numerous health advantages as well as its ability to treat a variety of physical and psychological issues. Since agarwood oil possesses transcending, purifying, warming, and balancing properties, it combines nicely with other essential oils such as sandalwood, rose, jasmine, and carnation. This oil is also utilized in the production of incense and perfumes.
Growing demand for aromatherapy is a significant driver of market growth. Aromatherapy is an alternative medical practice that boosts energy levels, relieves headaches, promotes sleep, accelerates healing, enhances digestion and circulation, lowers anxiety, improves cognitive function, and alleviates depression.
The worldwide market is projected to benefit from the widespread knowledge of the healing qualities of essential and aromatherapy oils. The use of essential oils and aromatherapy is expanding in the field of medical science, generating demand all around the world. The need for agarwood oil is growing due to increased consumer experimentation with unorthodox health problem-helping methods.
Agarwood oil is widely used in aromatherapy since it is considered to be a helpful treatment for asthma and other medical conditions.
The ability to treat a variety of medical issues has made agarwood oil a popular option among consumers, and this growing popularity is projected to boost the sales of agarwood oil in the coming years. Many players are profiting from increasing acceptance of aromatherapy and developing essential oils specifically for aromatherapy practices.
- For example, Plant Therapy Essential Oils' new collection of limited-edition essential oils is branded Dear Mom. The product is intended to promote relaxation and reduce anxiety and stress in mothers. According to the business, the new product has a smooth, sweet aroma, promoting relaxation and calmness.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 250 Million |
| Projected Market Value (2033) | US$ 450 Million |
| Global Market Growth Rate (2023 to 2033) | 6% CAGR |
| Asia Pacific Market Share (2022) | 33.7% |
| Leading Nature Segment | Organic Agarwood Oil |
| Key Companies Profiled | Agro Products;ASSAM AROMAS;Grandawood;Biolandes;Deve Herbes;Biofinest;Nusaroma;Dauper SA;Hoang Giang Agarwood Ltd;HYSSES Pte Ltd;Pachara Innovation CO., LTD;The Imperial Oud Co |
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Why is Agarwood Oil Exhibiting Steady Demand Growth?
“Strong Consumer Spending on Natural Products”
Consumption of agarwood oil has risen as people become more aware of the advantages of organic essential oils on the hair and skin. People in growing Asian Pacific nations such as India, China, and South Korea, among others, can now purchase cost-sensitive products such as agarwood oil due to rising consumer disposable income.
Agarwood oil is more than just an aromatic, sweet oil utilized in perfumery; it also has many phenomenal medicinal properties, such as providing both physical and emotional relief for insomnia, migraine, stress, burns, skin problems, insect bites, infections, and nervous tension. As a result of these features, the demand for agarwood oil is increasing.
Customers nowadays are increasingly demanding authentic oil products. As a result, the demand for authentic oil products is growing significantly. In response to customer demand and industry insights, manufacturers and suppliers of fragrance and incense goods are expanding their product offers.
Many producers are entering the essential oil market owing to large profit margins. Several producers intend to release agarwood oil products in the following years. Furthermore, competitors are expected to sell their products with natural labeling to attract existing customers and boost the number of new customers.
Which Factor Can Adversely Impact Market Growth?
“Easy Availability of Counterfeit Products”
The growing availability of counterfeit goods is a major concern for companies operating in the worldwide market. Agarwood essential oil is derived from plants via distillation and has a distinct fragrance and characteristics that reflect the plants from which they are extracted.
On the flip side, counterfeit goods contain cheap seed oils and lack essential oil properties. Some counterfeit products are blended with synthetics to mimic the plant's scent.
Since agarwood oil is a high-priced oil, it is an ideal target for adulteration, resulting in the creation of counterfeit products. Such counterfeit goods harm the brand image of major essential oil companies. As a result, the rising number of counterfeit products may stymie the development of global market growth during the study period.
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Country-wise Insights
Why are Agarwood Oil Sales Booming in India, Japan, and South Korea?
“Increasing Demand for Plant-based Aromatic Goods”
As per Fact.MR, a market research and competitive intelligence provider, Asia Pacific accounted for 33.7% of the global market for agarwood oil in 2022.
Asia Pacific is spearheading the global market due to the presence of several major producers of agarwood oil catering to the continuously increasing demand. Demand for agarwood oil is extremely high among the rapidly growing urban populace with increasing disposable incomes. Moreover, the rise of millennial customers and the growing usage of agarwood essential oil in aromatherapy diffusers are driving regional market growth.
Agarwood oil sales are increasing in countries such as India, Japan, and South Korea due to rising demand for plant-based aromatic goods.
What Makes Germany and the United Kingdom Europe's Top Markets for Agarwood Oil?
“Focus on Development of Agarwood Oil-infused Cosmetic Products”
Agarwood essential oil is in great demand in Europe due to its numerous health benefits and applications in a variety of sectors, including personal care, cosmetics, and therapeutics. Germany and the United Kingdom are among the top European marketplaces for agarwood oil.
Cosmetic manufacturers in these countries are developing novel cosmetic products that include agarwood oil. Increasing demand for massage oils and aromatherapy products in Europe is also fuelling the growth of the regional market.
What Supporting United States Market Growth?
“Increasingly Popularity of Organic Agarwood Oil in the Country”
The North American market is steadily growing and is expected to grow during the forecast period. Organic agarwood oil is becoming increasingly popular in the United States. The increasing use of organic agarwood oil in massages and aromatherapies is boosting the market in the United States.
Category-wise Insights
Why is Organic Agarwood Oil Becoming More Popular?
“Useful in Wide Range of Applications”
The global market is significantly benefitting from the growing popularity of organic agarwood oil. Organic agarwood oil is being increasingly used in various applications such as personal care, cosmetics, therapeutics, medication, and household cleaning, which is propelling the global market.
Why is Agarwood Oil Extensively Used in Cosmetics and Personal Care Industry?
“Ever-growing Demand for Improved Health and Skincare Products”
The growing consumer knowledge of health and skincare has increased the demand for agarwood oil in the cosmetics and personal care industry. Due to its health advantages, agarwood oil is increasingly used for skin and hair treatment. These advantages have expanded the use of agarwood oil in the cosmetic and personal care industry. As a result, during the projection period, the rising demand for improved skincare will raise the usage of agarwood oil in the cosmetic and personal care industry.
Due to its high price, agarwood is known as "liquid gold." Furthermore, only certain specified and old agarwood plants include resin, making agarwood one of the world's finest cosmetic extracts.
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Competitive landscape highlights only certain players
Complete list available upon request
Competitive Landscape: Start-up Scene Looks Promising
Key players in the agarwood oil market are actively exploring strategies such as investments, partnerships, R&D activities, and acquisitions to strengthen their market position and gain market share. Moreover, many start-ups are sprouting up in the global market.
DAdvance Agarwood Solutions, one of Malaysia's leading Biotech companies, raised a whopping US$ 1.9 million through an equity crowdfunding (ECF) effort conducted by Fundnel in June 2022. The funds raised will be used to speed up the research and development of its in-house inoculation technology, as well as to meet working capital requirements and support marketing activities to boost the general economic expansion of Malaysia's agarwood industry. The company is working with several Malaysian universities to enhance the agarwood oil distillation process and conduct research and development on agarwood skin care products.
Recently, the company solidified its position as the dominant player in the cultivated agarwood industry through the breakthrough of its pure oil quality by accomplishing exceptional results with a 94.76% reading of sesquiterpenoid and sesquiterpene, and free of diethyl phthalate, Dioctyl phthalate, and other contaminants, which adheres to the stringent standards of the European and United States fragrance industries.
This had put the company's agarwood oil in a class of grade A plus by Bio Aromatik Research Centre, a research center that collaborates with big agarwood oil producers worldwide.
Key Segments in Agarwood Oil Industry Research
-
By Nature :
- Organic
- Conventional
-
By Application :
- Cosmetics And Personal Care
- Pharmaceuticals
- Food and Beverages
-
By Distribution Channel :
- Specialty Drug Stores
- Supermarkets/Hypermarkets
- e-Commerce
- Convenience Stores
-
By Region :
- North America
- Latin America
- Europe
- Asia Pacific & China
- Middle East & Africa
Table of Content
- 1. Global Market - Executive Summary
- 2. Global Market Overview
- 3. Market Risks and Trends Assessment
- 4. Market Background and Foundation Data Points
- 5. Global Market Demand (US$ Mn) Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Nature
- 6.1. Organic
- 6.2. Conventional
- 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
- 7.1. Cosmetics and Personal Care
- 7.2. Pharmaceuticals
- 7.3. Food and Beverages
- 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel
- 8.1. Specialty Drug Stores
- 8.2. Supermarkets/Hypermarkets
- 8.3. e-Commerce
- 8.4. Convenience Stores
- 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Europe
- 9.4. East Asia
- 9.5. South Asia & Oceania
- 9.6. Middle East and Africa (MEA)
- 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 14. South Asia & Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 16. Market Structure Analysis
- 17. Competition Analysis
- 17.1. Agro Products
- 17.2. ASSAM AROMAS
- 17.3. Grandawood
- 17.4. Biolandes
- 17.5. Deve Herbes
- 17.6. Biofinest
- 17.7. Nusaroma
- 17.8. Dauper SA
- 17.9. Hoang Giang Agarwood Ltd
- 17.10. HYSSES Pte Ltd
- 17.11. Pachara Innovation CO., LTD
- 17.12. The Imperial Oud Co
- 18. Assumptions And Acronyms Used
- 19. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn) Analysis, by Nature, 2018 to 2022
Table 02: Global Market Value (US$ Mn) Analysis, by Nature, 2023 to 2033
Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by Nature, 2023 to 2033
Table 04: Global Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 05: Global Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 07: Global Market Value (US$ Mn) Analysis, by Distribution Channel, 2018 to 2022
Table 08: Global Market Value (US$ Mn) Analysis, by Distribution Channel, 2023 to 2033
Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by Distribution Channel, 2023 to 2033
Table 10: Global Market Value (US$ Mn) Analysis, by Region, 2018 to 2022
Table 11: Global Market Value (US$ Mn) Analysis, by Region, 2023 to 2033
Table 12: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2023 to 2033
Table 13: North America Market Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 14: North America Market Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 15: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2023 to 2033
Table 16: North America Market Value (US$ Mn) Analysis, by Nature, 2018 to 2022
Table 17: North America Market Value (US$ Mn) Analysis, by Nature, 2023 to 2033
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Nature, 2023 to 2033
Table 19: North America Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 20: North America Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 21: North America Market Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 22: North America Market Value (US$ Mn) Analysis, by Distribution Channel, 2018 to 2022
Table 23: North America Market Value (US$ Mn) Analysis, by Distribution Channel, 2023 to 2033
Table 24: North America Market Value (US$ Mn) Opportunity Analysis, by Distribution Channel, 2023 to 2033
Table 25: Latin America Market Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 26: Latin America Market Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 27: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2023 to 2033
Table 28: Latin America Market Value (US$ Mn) Analysis, by Nature, 2018 to 2022
Table 29: Latin America Market Value (US$ Mn) Analysis, by Nature, 2023 to 2033
Table 30: Latin America Market Value (US$ Mn) Opportunity Analysis, by Nature, 2023 to 2033
Table 31: Latin America Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 32: Latin America Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 33: Latin America Market Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 34: Latin America Market Value (US$ Mn) Analysis, by Distribution Channel, 2018 to 2022
Table 35: Latin America Market Value (US$ Mn) Analysis, by Distribution Channel, 2023 to 2033
Table 36: Latin America Market Value (US$ Mn) Opportunity Analysis, by Distribution Channel, 2023 to 2033
Table 37: Europe Market Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 38: Europe Market Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 39: Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2023 to 2033
Table 40: Europe Market Value (US$ Mn) Analysis, by Nature, 2018 to 2022
Table 41: Europe Market Value (US$ Mn) Analysis, by Nature, 2023 to 2033
Table 42: Europe Market Value (US$ Mn) Opportunity Analysis, by Nature, 2023 to 2033
Table 43: Europe Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 44: Europe Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 45: Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 46: Europe Market Value (US$ Mn) Analysis, by Distribution Channel, 2018 to 2022
Table 47: Europe Market Value (US$ Mn) Analysis, by Distribution Channel, 2023 to 2033
Table 48: Europe Market Value (US$ Mn) Opportunity Analysis, by Distribution Channel, 2023 to 2033
Table 49: East Asia Market Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 50: East Asia Market Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 51: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2023 to 2033
Table 52: East Asia Market Value (US$ Mn) Analysis, by Nature, 2018 to 2022
Table 53: East Asia Market Value (US$ Mn) Analysis, by Nature, 2023 to 2033
Table 54: East Asia Market Value (US$ Mn) Opportunity Analysis, by Nature, 2023 to 2033
Table 55: East Asia Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 56: East Asia Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 57: East Asia Market Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 58: East Asia Market Value (US$ Mn) Analysis, by Distribution Channel, 2018 to 2022
Table 59: East Asia Market Value (US$ Mn) Analysis, by Distribution Channel, 2023 to 2033
Table 60: East Asia Market Value (US$ Mn) Opportunity Analysis, by Distribution Channel, 2023 to 2033
Table 61: South Asia & Oceania Market Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 62: South Asia & Oceania Market Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 63: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Country, 2023 to 2033
Table 64: South Asia & Oceania Market Value (US$ Mn) Analysis, by Nature, 2018 to 2022
Table 65: South Asia & Oceania Market Value (US$ Mn) Analysis, by Nature, 2023 to 2033
Table 66: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Nature, 2023 to 2033
Table 67: South Asia & Oceania Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 68: South Asia & Oceania Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 69: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 70: South Asia & Oceania Market Value (US$ Mn) Analysis, by Distribution Channel, 2018 to 2022
Table 71: South Asia & Oceania Market Value (US$ Mn) Analysis, by Distribution Channel, 2023 to 2033
Table 72: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Distribution Channel, 2023 to 2033
Table 73: MEA Market Value (US$ Mn) Analysis, by Country, 2018 to 2022
Table 74: MEA Market Value (US$ Mn) Analysis, by Country, 2023 to 2033
Table 75: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2023 to 2033
Table 76: MEA Market Value (US$ Mn) Analysis, by Nature, 2018 to 2022
Table 77: MEA Market Value (US$ Mn) Analysis, by Nature, 2023 to 2033
Table 78: MEA Market Value (US$ Mn) Opportunity Analysis, by Nature, 2023 to 2033
Table 79: MEA Market Value (US$ Mn) Analysis, by Application, 2018 to 2022
Table 80: MEA Market Value (US$ Mn) Analysis, by Application, 2023 to 2033
Table 81: MEA Market Value (US$ Mn) Opportunity Analysis, by Application, 2023 to 2033
Table 82: MEA Market Value (US$ Mn) Analysis, by Distribution Channel, 2018 to 2022
Table 83: MEA Market Value (US$ Mn) Analysis, by Distribution Channel, 2023 to 2033
Table 84: MEA Market Value (US$ Mn) Opportunity Analysis, by Distribution Channel, 2023 to 2033
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List Of Figures
Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 04: Global Market Incremental $ Opportunity, 2023 to 2033
Figure 05: Global Market Share and BPS Analysis by Nature, 2023 & 2033
Figure 06: Global Market Y-o-Y Growth Projections by Nature, 2023 to 2033
Figure 07: Global Market Attractiveness Analysis by Nature, 2023 to 2033
Figure 08: Global Market Share and BPS Analysis by Application, 2023 & 2033
Figure 09: Global Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 10: Global Market Attractiveness Analysis by Application, 2023 to 2033
Figure 11: Global Market Share and BPS Analysis by Distribution Channel, 2023 & 2033
Figure 12: Global Market Y-o-Y Growth Projections by Distribution Channel, 2023 to 2033
Figure 13: Global Market Attractiveness Analysis by Distribution Channel, 2023 to 2033
Figure 14: Global Market Share and BPS Analysis by Region, 2023 & 2033
Figure 15: Global Market Y-o-Y Growth Projections by Region, 2023 to 2033
Figure 16: Global Market Attractiveness Analysis by Region, 2023 to 2033
Figure 17: North America Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 18: North America Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 19: North America Market Value Y-o-Y Growth and Forecast, 2033
Figure 20: North America Market Incremental $ Opportunity, 2023 to 2033
Figure 21: North America Market Share Analysis by Country, 2023 & 2033
Figure 22: North America Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 23: North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 24: North America Market Share and BPS Analysis by Nature, 2023 & 2033
Figure 25: North America Market Y-o-Y Growth Projections by Nature, 2023 to 2033
Figure 26: North America Market Attractiveness Analysis by Nature, 2023 to 2033
Figure 27: North America Market Share and BPS Analysis by Application, 2023 & 2033
Figure 28: North America Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 29: North America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 30: North America Market Share and BPS Analysis by Distribution Channel, 2023 & 2033
Figure 31: North America Market Y-o-Y Growth Projections by Distribution Channel, 2023 to 2033
Figure 32: North America Market Attractiveness Analysis by Distribution Channel, 2023 to 2033
Figure 33: Latin America Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 34: Latin America Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 35: Latin America Market Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 36: Latin America Market Incremental $ Opportunity, 2023 to 2033
Figure 37: Latin America Market Share Analysis by Country, 2023 & 2033
Figure 38: Latin America Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 39: Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 40: Latin America Market Share and BPS Analysis by Nature, 2023 & 2033
Figure 41: Latin America Market Y-o-Y Growth Projections by Nature, 2023 to 2033
Figure 42: Latin America Market Attractiveness Analysis by Nature, 2023 to 2033
Figure 43: Latin America Market Share and BPS Analysis by Application, 2023 & 2033
Figure 44: Latin America Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 45: Latin America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 46: Latin America Market Share and BPS Analysis by Distribution Channel, 2023 & 2033
Figure 47: Latin America Market Y-o-Y Growth Projections by Distribution Channel, 2023 to 2033
Figure 48: Latin America Market Attractiveness Analysis by Distribution Channel, 2023 to 2033
Figure 49: Europe Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 50: Europe Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 51: Europe Market Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 52: Europe Market Incremental $ Opportunity, 2023 to 2033
Figure 53: Europe Market Share Analysis by Country, 2023 & 2033
Figure 54: Europe Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 55: Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 56: Europe Market Share and BPS Analysis by Nature, 2023 & 2033
Figure 57: Europe Market Y-o-Y Growth Projections by Nature, 2023 to 2033
Figure 58: Europe Market Attractiveness Analysis by Nature, 2023 to 2033
Figure 59: Europe Market Share and BPS Analysis by Application, 2023 & 2033
Figure 60: Europe Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 61: Europe Market Attractiveness Analysis by Application, 2023 to 2033
Figure 62: Europe Market Share and BPS Analysis by Distribution Channel, 2023 & 2033
Figure 63: Europe Market Y-o-Y Growth Projections by Distribution Channel, 2023 to 2033
Figure 64: Europe Market Attractiveness Analysis by Distribution Channel, 2023 to 2033
Figure 65: East Asia Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 66: East Asia Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 67: East Asia Market Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 68: East Asia Market Incremental $ Opportunity, 2023 to 2033
Figure 69: East Asia Market Share Analysis by Country, 2023 & 2033
Figure 70: East Asia Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 71: East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 72: East Asia Market Share and BPS Analysis by Nature, 2023 & 2033
Figure 73: East Asia Market Y-o-Y Growth Projections by Nature, 2023 to 2033
Figure 74: East Asia Market Attractiveness Analysis by Nature, 2023 to 2033
Figure 75: East Asia Market Share and BPS Analysis by Application, 2023 & 2033
Figure 76: East Asia Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 77: East Asia Market Attractiveness Analysis by Application, 2023 to 2033
Figure 78: East Asia Market Share and BPS Analysis by Distribution Channel, 2023 & 2033
Figure 79: East Asia Market Y-o-Y Growth Projections by Distribution Channel, 2023 to 2033
Figure 80: East Asia Market Attractiveness Analysis by Distribution Channel, 2023 to 2033
Figure 81: South Asia & Oceania Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 82: South Asia & Oceania Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 83: South Asia & Oceania Market Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 84: South Asia & Oceania Market Incremental $ Opportunity, 2023 to 2033
Figure 85: South Asia & Oceania Market Share Analysis by Country, 2023 & 2033
Figure 86: South Asia & Oceania Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 87: South Asia & Oceania Market Attractiveness Analysis by Country, 2023 to 2033
Figure 88: South Asia & Oceania Market Share and BPS Analysis by Nature, 2023 & 2033
Figure 89: South Asia & Oceania Market Y-o-Y Growth Projections by Nature, 2023 to 2033
Figure 90: South Asia & Oceania Market Attractiveness Analysis by Nature, 2023 to 2033
Figure 91: South Asia & Oceania Market Share and BPS Analysis by Application, 2023 & 2033
Figure 92: South Asia & Oceania Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 93: South Asia & Oceania Market Attractiveness Analysis by Application, 2023 to 2033
Figure 94: South Asia & Oceania Market Share and BPS Analysis by Distribution Channel, 2023 & 2033
Figure 95: South Asia & Oceania Market Y-o-Y Growth Projections by Distribution Channel, 2023 to 2033
Figure 96: South Asia & Oceania Market Attractiveness Analysis by Distribution Channel, 2023 to 2033
Figure 97: MEA Market Value (US$ Mn) Historical Analysis, 2018 to 2022
Figure 98: MEA Market Value (US$ Mn) Forecast and Analysis, 2023 to 2033
Figure 99: MEA Market Value Y-o-Y Growth and Forecast, 2018 to 2033
Figure 100: MEA Market Incremental $ Opportunity, 2023 to 2033
Figure 101: MEA Market Share Analysis by Country, 2023 & 2033
Figure 102: MEA Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 103: MEA Market Attractiveness Analysis by Country, 2023 to 2033
Figure 104: MEA Market Share and BPS Analysis by Nature, 2023 & 2033
Figure 105: MEA Market Y-o-Y Growth Projections by Nature, 2023 to 2033
Figure 106: MEA Market Attractiveness Analysis by Nature, 2023 to 2033
Figure 107: MEA Market Share and BPS Analysis by Application, 2023 & 2033
Figure 108: MEA Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 109: MEA Market Attractiveness Analysis by Application, 2023 to 2033
Figure 110: MEA Market Share and BPS Analysis by Distribution Channel, 2023 & 2033
Figure 111: MEA Market Y-o-Y Growth Projections by Distribution Channel, 2023 to 2033
Figure 112: MEA Market Attractiveness Analysis by Distribution Channel, 2023 to 2033
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the size of the agarwood oil market in 2023?
The global agarwood oil market is valued at US$ 250 million in 2023.
What is the global agarwood oil market's predicted growth rate?
Worldwide demand for agarwood oil is anticipated to rise at a CAGR of 6% from 2023 to 2033.
What is the forecasted size of the global agarwood oil market?
The market for agarwood oil is projected to hit US$ 450 million by 2033.
What market share did Asia Pacific account for in 2022?
Asia Pacific held 33.7% share of the global market in 2022.
Who are the key providers of agarwood oil?
Agro Products, ASSAM AROMAS, Grandawood, Biolandes, Deve Herbes, Biofinest USA, Nusaroma, Dauper SA, Hoang Giang Agarwood Ltd, HYSSES Pte Ltd, Pachara Innovation CO., LTD, and The Imperial Oud Co are leading producers of agarwood oil.
Agarwood Oil Market