Sandalwood Oil Market
Sandalwood Oil Market Analysis By Product (Natural, Lab-created), By Application (Personal Care, Aromatherapy, Pharmaceuticals), & By Region – Global Market Insights 2023 to 2033
Analysis of Sandalwood Oil Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Sandalwood Oil Market Outlook (2023 to 2033)
The global sandalwood oil market stands at US$ 115 million in 2023 and is forecasted to reach a market valuation of US$ 188 million by the end of 2033, expanding at a CAGR of 5% from 2023 to 2033.
Sandalwood oil is extracted from the wood of sandalwood trees. It is a translucent liquid, which comes with a pleasant, sensitive, and sweet scent. It is manufactured from the aromatic stem of sandalwood trees. Sandalwood oil is used extensively in soaps, perfumes, lotions, and other items as it is believed to be helpful in providing calmness.
Sandalwood oil also finds applications to treat headaches, urinary problems, and stomachaches as it has astringent and antiseptic properties. In addition, it is widely utilized in aromatherapy to stimulate psychological well-being. Sandalwood oil is recognized for its therapeutic application to treat mental and somatic diseases.
In recent years, there has been an increasing demand for natural perfumeries around the world. The rising consumption of aromatic chemicals and the growing popularity of natural cosmetics are propelling the demand for sandalwood oil across the globe.
Sandalwood has a special place in the field of natural fragrance. Though sandalwood extracts have cultural and historical importance as these were used in ancient times, sandalwood oil is a fresh addition to natural perfumery. Besides, sandalwood oil is used in the cosmetic and personal care industry as a moisturizing agent, anti-wrinkle component, and face-cleaning oil. Sandalwood oil is widely used for skin lightening in various personal care products, including body lotions, shampoos, and bathing soaps. It is widely produced in the Asia Pacific, especially in India, where sandalwood trees are majorly found.
France and the United States are key export destinations for sandalwood oil suppliers owing to its rising utilization in cosmetic products. Sandalwood oil is beneficial for the skin and can be utilized in the treatment of various skin ailments, including itching, eczema, dryness, and rashes. Thus, sandalwood oil is helpful in protecting ulcers and wounds from infection.
Sandalwood oil has numerous natural skin-lightening agents, which help to lighten and brighten the human skin and this is expected to stimulate the demand for sandalwood oil for the production of various beauty packs and lotions. Expanding hospitality services and increased aesthetic sensibility are projected to propel the demand for sandalwood oil over the coming years.
| Report Attributes | Details |
|---|---|
| Sandalwood Oil Market Size in 2023 | US$ 115 Million |
| Forecasted Market Value (2033) | US$ 188 Million |
| Projected Market Growth Rate (2023 to 2033) | 5% CAGR |
| Canada Market Growth Rate (2023 to 2033) | 5.1% CAGR |
| Germany Market Growth Rate (2023 to 2033) | 2.5% CAGR |
| Key Companies Profiled | Eden Botanicals; Katyani Exports; Quintis (Australia) Pty Ltd.; R K – Essential Oils Company; Santanol Group; Albert Vieille SAS; Plant Therapy Essential Oils; Khadi Natural |
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Why are Sales of Sandalwood Oil Increasing Steadily across the World?
“Growing Awareness about Health Benefits of Sandalwood Oil”
Sandalwood oil prevents the development of various forms of melanomas (skin malignancies) when applied topically. In addition, there is a rising consumer awareness related to the health benefits of sandalwood oil, which is estimated to boost its sales during the forecast period.
A pleasant scent is present in sandalwood oil, which makes the oil more popular for aromatherapy, which has positive physical and mental health outcomes. Further, sandalwood aromatherapy is also used for the treatment of stress-related disorders.
“Increasing R&D Activities and Innovations in Sandalwood Oil”
Various benefits of sandalwood oil diversify its applications, which is expected to further offer multiple prospects for players in the target business. As a result, manufacturers are investing in different research and development activities. These initiatives can result in the emergence of new generation sandalwood oil with more inventive applications.
Which Factors Can Restrain the Adoption of Sandalwood Oil to Some Extent?
“Limited Availability of Sandalwood Leading to Higher Prices of End Products”
Sandalwood is a natural resource, which is not available very easily. It is mostly limited to India, South Africa, and Sri Lanka. Thus, the limited availability of sandalwood can make its production more difficult, which is expected to result in the increased cost of the final product.
Thus, manufacturers need to come up with more diverse and better goods while maintaining the cost of oil in an affordable and reasonable range for customers around the world.
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Which Regional Market Generates High Demand for Sandalwood Oil?
“Asia Pacific to Hold Substantial Share of Global Market Revenue”
Asia Pacific is estimated to hold a dominating position in the global market, retaining a share of 60.1% of total revenue by 2033. This dominance is attributed to the vast availability of sandalwood trees in the region.
In addition, there are numerous key players with headquarters in Indonesia and India, which help in boosting sales of sandalwood oil in this region. India generates maximum demand for sandalwood, which is used in ayurvedic treatment and personal care products.
Country-wise Insights
Why is Demand for Sandalwood Oil Increasing Rapidly in Japan?
“Ever-increasing Sales of Personal Care Products”
Sales of sandalwood oil in Japan are estimated to progress at a CAGR of 2% during the forecast period from 2023 to 2033. People from Japan are inclined to buy personal care products. In addition, growing awareness about the health benefits of sandalwood oil is also expected to propel its sales over the coming 10 years.
Why is the United States a Lucrative Market for Sandalwood Oil Manufacturers?
“Growing Demand for Personal Care Products with Natural Ingredients”
Demand for sandalwood oil in the United States was valued at US$ 27 million in the year 2022. Americans are more inclined to buy and use personal care products that are organic and contain natural ingredients. Moreover, the growing popularity of sandalwood oil in aromatherapy is also predicted to fuel its sales across the country.
Sales of sandalwood oil in Canada are projected to expand at a CAGR of 5.1% from 2023 to 2033.
Why is Germany a Strong Market in the European Region?
“Increasing Use of Sandalwood Oil in Hospitality Services”
Demand for sandalwood oil in Germany is anticipated to advance at a CAGR of 2.5% during the forecast period. The growing use of sandalwood oil in hospitality services is projected to boost its sales during the forecast period.
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Category-wise Insights
Why is Demand for Natural Sandalwood Oil Increasing Globally?
“Growing Demand for Eco-friendly & Natural Products in Personal Care Industry”
Natural and lab-created are two product types of the global sandalwood market. Natural sandalwood oil is estimated to hold a substantial share of more than 70.1% of the target market by the end of 2033. The demand for eco-friendly and natural skin care products is estimated to increase over the coming 10 years around the world.
At present, consumers around the world are demanding personal and healthcare products containing natural ingredients. In addition, natural sandalwood is comparatively cheaper to produce and has lesser side effects compared to lab-created sandalwood oil.
Which End-use Application is Expected to Hold a Substantial Share of the Sandalwood Oil Market?
“Personal Care Sector Generating Noticeable Revenue for Market Players”
Based on application, the global sandalwood oil market is segmented into personal care, aromatherapy, pharmaceuticals, and others. The personal care segment is predicted to hold a substantial share of more than 45.2% by the end of 2033. This dominance is attributed to the growing utilization of sandalwood oil in different personal care and cosmetic products, including soaps, creams, shampoos, perfumes, etc.
Aromatherapy is predicted to hold more than 30% of the total market share by the end of 2033. Sandalwood oil is used in hotels and spas for aromatherapy, which is projected to stimulate its demand over the coming years.
Competition Analysis
Prominent manufacturers of sandalwood oil are making huge investments for the expansion of their footprints across different geographies. They are also ensuring effective management of local supply while spending a substantial amount to strengthen their global supply chain management systems.
Providers of sandalwood oil aim to deliver quality products to respective end users. During the manufacturing of sandalwood oil, producers ensure to follow the guidelines, which are implemented by respective governing bodies to reduce environmental impact.
Prominent manufacturers of sandalwood oil are Eden Botanicals, Katyani Exports, Quintis (Australia) Pty Ltd., R K – Essential Oils Company, Santanol Group, Albert Vieille SAS, Plant Therapy Essential Oils, and Khadi Natural. These companies are studied in detail in this research report, which is recently published by Fact.MR, a provider of market research and competitive intelligence.
Segmentation of Sandalwood Oil Industry Research
-
By Product :
- Natural
- Lab-created
-
By Application :
- Personal Care
- Aromatherapy
- Pharmaceuticals
- Others
-
By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 6. Global Market Volume (Units) Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 7. Global Market - Pricing Analysis
- 8. Global Market Value Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Product
- 9.1. Natural
- 9.2. Lab-created
- 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Application
- 10.1. Personal Care
- 10.2. Aromatherapy
- 10.3. Pharmaceuticals
- 10.4. Others
- 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia
- 11.6. Oceania
- 11.7. Middle East and Africa (MEA)
- 12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 14. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 15. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 16. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 17. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 18. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 19. Key and Emerging Countries Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. Eden Botanicals
- 21.2. Katyani Exports
- 21.3. Quintis (Australia) Pty Ltd.
- 21.4. R K – Essential Oils Company
- 21.5. Santanol Group
- 21.6. Albert Vieille SAS
- 21.7. Plant Therapy Essential Oils
- 21.8. Khadi Natural
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
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List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 08: Latin America Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 11: Europe Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 14: South Asia Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 17: East Asia Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 20: Oceania Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
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List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2018 to 2022
Figure 02: Global Market Volume Forecast (in 000' Units), 2023 to 2033
Figure 03: Pricing Analysis (US$) Per Product, By Region, 2022
Figure 04: Pricing Analysis (US$) Per Product, By Region, 2022
Figure 05: Global Market Value Analysis (US$ Mn), 2018 to 2022
Figure 06: Global Market Value Forecast (US$ Mn), 2023 to 2033
Figure 07: Global Market Absolute $ Opportunity, 2023 to 2033
Figure 08: Global Market Share Analysis (%), By Product, 2023 to 2033
Figure 09: Global Market Y-o-Y Analysis (%), By Product, 2023 to 2033
Figure 10: Global Market Attractiveness Analysis by Product, 2023 to 2033
Figure 11: Global Market Share Analysis (%), By Application, 2023 to 2033
Figure 12: Global Market Y-o-Y Analysis (%), By Application, 2023 to 2033
Figure 13: Global Market Attractiveness Analysis by Application, 2023 to 2033
Figure 14: Global Market Share Analysis (%), By Region, 2023 to 2033
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2023 to 2033
Figure 16: Global Market Attractiveness Analysis by Region, 2023 to 2033
Figure 17: North America Market Value Share, By Product, 2023 (E)
Figure 18: North America Market Value Share, By Application, 2023 (E)
Figure 19: North America Market Value Share, By Country, 2023 (E)
Figure 20: North America Market Value Analysis (US$ Mn), 2018 to 2022
Figure 21: North America Market Value Forecast (US$ Mn), 2023 to 2033
Figure 22: North America Market Attractiveness Analysis by Product, 2023 to 2033
Figure 23: North America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 24: North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 25: Latin America Market Value Share, By Product, 2023 (E)
Figure 26: Latin America Market Value Share, By Application, 2023 (E)
Figure 27: Latin America Market Value Share, By Country, 2023 (E)
Figure 28: Latin America Market Value Analysis (US$ Mn), 2018 to 2022
Figure 29: Latin America Market Value Forecast (US$ Mn), 2023 to 2033
Figure 30: Latin America Market Attractiveness Analysis by Product, 2023 to 2033
Figure 31: Latin America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 32: Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 33: Europe Market Value Share, By Product, 2023 (E)
Figure 34: Europe Market Value Share, By Application, 2023 (E)
Figure 35: Europe Market Value Share, By Country, 2023 (E)
Figure 36: Europe Market Value Analysis (US$ Mn), 2018 to 2022
Figure 37: Europe Market Value Forecast (US$ Mn), 2023 to 2033
Figure 38: Europe Market Attractiveness Analysis by Product, 2023 to 2033
Figure 39: Europe Market Attractiveness Analysis by Application, 2023 to 2033
Figure 40: Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 41: South Asia Market Value Share, By Product, 2023 (E)
Figure 42: South Asia Market Value Share, By Application, 2023 (E)
Figure 43: South Asia Market Value Share, By Country, 2023 (E)
Figure 44: South Asia Market Value Analysis (US$ Mn), 2018 to 2022
Figure 45: South Asia Market Value Forecast (US$ Mn), 2023 to 2033
Figure 46: South Asia Market Attractiveness Analysis by Product, 2023 to 2033
Figure 47: South Asia Market Attractiveness Analysis by Application, 2023 to 2033
Figure 48: South Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 49: East Asia Market Value Share, By Product, 2023 (E)
Figure 50: East Asia Market Value Share, By Application, 2023 (E)
Figure 51: East Asia Market Value Share, By Country, 2023 (E)
Figure 52: East Asia Market Value Analysis (US$ Mn), 2018 to 2022
Figure 53: East Asia Market Value Forecast (US$ Mn), 2023 to 2033
Figure 54: East Asia Market Attractiveness Analysis by Product, 2023 to 2033
Figure 55: East Asia Market Attractiveness Analysis by Application, 2023 to 2033
Figure 56: East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 57: Oceania Market Value Share, By Product, 2023 (E)
Figure 58: Oceania Market Value Share, By Application, 2023 (E)
Figure 59: Oceania Market Value Share, By Country, 2023 (E)
Figure 60: Oceania Market Value Analysis (US$ Mn), 2018 to 2022
Figure 61: Oceania Market Value Forecast (US$ Mn), 2023 to 2033
Figure 62: Oceania Market Attractiveness Analysis by Product, 2023 to 2033
Figure 63: Oceania Market Attractiveness Analysis by Application, 2023 to 2033
Figure 64: Oceania Market Attractiveness Analysis by Country, 2023 to 2033
Figure 65: Middle East and Africa Market Value Share, By Product, 2023 (E)
Figure 66: Middle East and Africa Market Value Share, By Application, 2023 (E)
Figure 67: Middle East and Africa Market Value Share, By Country, 2023 (E)
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2018 to 2022
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2023 to 2033
Figure 70: Middle East and Africa Market Attractiveness Analysis by Product, 2023 to 2033
Figure 71: Middle East and Africa Market Attractiveness Analysis by Application, 2023 to 2033
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2023 to 2033
Figure 73: UNITED STATES Market Value Analysis (US$ Mn), 2023 & 2033
Figure 74: UNITED STATES Market Value Share, By Product, 2023 (E)
Figure 75: UNITED STATES Market Value Share, By Application, 2023 (E)
Figure 76: Canada Market Value Analysis (US$ Mn), 2023 & 2033
Figure 77: Canada Market Value Share, By Product, 2023 (E)
Figure 78: Canada Market Value Share, By Application, 2023 (E)
Figure 79: Mexico Market Value Analysis (US$ Mn), 2023 & 2033
Figure 80: Mexico Market Value Share, By Product, 2023 (E)
Figure 81: Mexico Market Value Share, By Application, 2023 (E)
Figure 82: Brazil Market Value Analysis (US$ Mn), 2023 & 2033
Figure 83: Brazil Market Value Share, By Product, 2023 (E)
Figure 84: Brazil Market Value Share, By Application, 2023 (E)
Figure 85: UNITED KINGDOM Market Value Analysis (US$ Mn), 2023 & 2033
Figure 86: UNITED KINGDOM Market Value Share, By Product, 2023 (E)
Figure 87: UNITED KINGDOM Market Value Share, By Application, 2023 (E)
Figure 88: Germany Market Value Analysis (US$ Mn), 2023 & 2033
Figure 89: Germany Market Value Share, By Product, 2023 (E)
Figure 90: Germany Market Value Share, By Application, 2023 (E)
Figure 91: France Market Value Analysis (US$ Mn), 2023 & 2033
Figure 92: France Market Value Share, By Product, 2023 (E)
Figure 93: France Market Value Share, By Application, 2023 (E)
Figure 94: Italy Market Value Analysis (US$ Mn), 2023 & 2033
Figure 95: Italy Market Value Share, By Product, 2023 (E)
Figure 96: Italy Market Value Share, By Application, 2023 (E)
Figure 97: Spain Market Value Analysis (US$ Mn), 2023 & 2033
Figure 98: Spain Market Value Share, By Product, 2023 (E)
Figure 99: Spain Market Value Share, By Application, 2023 (E)
Figure 100: Russia Market Value Analysis (US$ Mn), 2023 & 2033
Figure 101: Russia Market Value Share, By Product, 2023 (E)
Figure 102: Russia Market Value Share, By Application, 2023 (E)
Figure 103: China Market Value Analysis (US$ Mn), 2023 & 2033
Figure 104: China Market Value Share, By Product, 2023 (E)
Figure 105: China Market Value Share, By Application, 2023 (E)
Figure 106: Japan Market Value Analysis (US$ Mn), 2023 & 2033
Figure 107: Japan Market Value Share, By Product, 2023 (E)
Figure 108: Japan Market Value Share, By Application, 2023 (E)
Figure 109: South Korea Market Value Analysis (US$ Mn), 2023 & 2033
Figure 110: South Korea Market Value Share, By Product, 2023 (E)
Figure 111: South Korea Market Value Share, By Application, 2023 (E)
Figure 112: India Market Value Analysis (US$ Mn), 2023 & 2033
Figure 113: India Market Value Share, By Product, 2023 (E)
Figure 114: India Market Value Share, By Application, 2023 (E)
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2023 & 2033
Figure 116: ASEAN Market Value Share, By Product, 2023 (E)
Figure 117: ASEAN Market Value Share, By Application, 2023 (E)
Figure 118: Australia Market Value Analysis (US$ Mn), 2023 & 2033
Figure 119: Australia Market Value Share, By Product, 2023 (E)
Figure 120: Australia Market Value Share, By Application, 2023 (E)
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2023 & 2033
Figure 122: New Zealand Market Value Share, By Product, 2023 (E)
Figure 123: New Zealand Market Value Share, By Application, 2023 (E)
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2023 & 2033
Figure 125: GCC Countries Market Value Share, By Product, 2023 (E)
Figure 126: GCC Countries Market Value Share, By Application, 2023 (E)
Figure 127: Turkey Market Value Analysis (US$ Mn), 2023 & 2033
Figure 128: Turkey Market Value Share, By Product, 2023 (E)
Figure 129: Turkey Market Value Share, By Application, 2023 (E)
Figure 130: South Africa Market Value Analysis (US$ Mn), 2023 & 2033
Figure 131: South Africa Market Value Share, By Product, 2023 (E)
Figure 132: South Africa Market Value Share, By Application, 2023 (E)
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Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the expected valuation of the sandalwood oil market for the end of 2033?
The global sandalwood oil market is forecasted to reach a valuation of US$ 188 million by the end of 2033.
What is the anticipated growth rate of the sandalwood oil market?
The market for sandalwood oil is forecasted to expand at 5% CAGR during the forecast period (2023 to 2033).
What is the expected share of the personal care segment in this market?
The personal care segment is predicted to account for 45.2% share of the market revenue by the end of 2033.
At what rate is the demand for sandalwood oil estimated to increase in Canada?
Demand for sandalwood oil in Canada is projected to expand at a CAGR of 5.1% through 2033.
Sandalwood Oil Market