Sandalwood Oil Market Size, Share & Trends Analysis Report By Product (Natural Sandalwood Oil, Synthetic Sandalwood Oil), By Application (Personal Care & Cosmetics, Pharmaceutical, Aromatherapy), By Region, And Segment Forecasts, 2024 - 2030

PUBLISHED: December 20, 2024

PAGES: 80 Pages

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The global sandalwood oil market size was estimated at USD 163.0 million in 2023 and is projected to grow at a CAGR of 7.0% from 2024 to 2030. One of the primary drivers of growth in the sandalwood oil market is the increasing consumer demand for natural and organic products across various industries, including cosmetics, pharmaceuticals, and aromatherapy. As consumers become more health-conscious and environmentally aware, they seek products free from synthetic chemicals and additives. Sandalwood oil, known for its aromatic properties and therapeutic benefits, has gained traction among consumers looking for natural alternatives. This trend is further supported by the perception of sandalwood oil as a premium ingredient, leading to its incorporation into luxury brands and high-quality formulations.

The cosmetics and personal care sector is a significant contributor to the growth of the sandalwood oil market. Sandalwood oil's unique fragrance and skin-enhancing properties make it a sought-after ingredient in perfumes, lotions, soaps, and skincare products. As the beauty industry continues to evolve with a focus on clean-label products, manufacturers are increasingly incorporating sandalwood oil into their offerings to meet consumer preferences for natural ingredients. This integration enhances product appeal and drives demand for sandalwood oil as an essential component in various cosmetic formulations.

The rising popularity of aromatherapy is another key factor driving the growth of the sandalwood oil market. Sandalwood oil is widely used in aromatherapy due to its calming and relaxing properties. As more individuals seek holistic wellness and stress relief approaches, the demand for essential oils, including sandalwood, has surged. This trend is particularly pronounced in regions where traditional practices emphasize using natural remedies for health and well-being. The increasing awareness of the benefits of aromatherapy further propels the demand for sandalwood oil in this segment.

Sandalwood has deep cultural significance in many Asian countries, where it is used in religious rituals, traditional medicine, and cultural practices. This longstanding tradition contributes to sustained domestic consumption of sandalwood oil in these regions. The cultural relevance of sandalwood fosters a robust home market and encourages exports to international markets where consumers seek authentic and traditional products. As global interest in cultural practices grows, so does the demand for sandalwood oil derived from these rich traditions.

One of the most pressing challenges for the sandalwood market is illegal logging and unsustainable harvesting practices. This issue has led to severe depletion of sandalwood trees, particularly Indian sandalwood (Santalum album), which has been overexploited due to high demand across various industries, including cosmetics and aromatherapy. The slow growth rate of sandalwood trees, which can take 15-20 years to mature, exacerbates this problem, making them vulnerable to overharvesting. As a result, regulatory interventions have been implemented to protect sandalwood species, but these regulations can restrict supply and increase costs for legitimate producers.

Maintaining quality control in the production of sandalwood oil is another significant challenge. The market has seen an influx of synthetic or adulterated versions of sandalwood oil to meet rising demand at lower prices. This proliferation of inferior products raises concerns about authenticity and quality among consumers. Ensuring that products meet high-quality standards requires rigorous testing and monitoring throughout production. Implementing traceability systems and quality assurance measures is essential but can be resource-intensive for producers.

Global Sandalwood Oil Market Report Segmentation

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global sandalwood oil market report based on product, application, and region:

Product Outlook (Revenue, USD Million, 2018 - 2030)
Natural Sandalwood Oil
Synthetic Sandalwood Oil
Application Outlook (Revenue, USD Million, 2018 - 2030)
Personal Care & Cosmetics
Pharmaceutical
Aromatherapy
Others
Regional Outlook (Revenue, USD Million, 2018 - 2030)
North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Spain
Asia Pacific
- China
- Japan
- India
- Australia & New Zealand
- South Korea
Central & South America
- Brazil
Middle East & Africa
- South Africa

Product Code: GVR-4-68040-497-0

Chapter 1. Methodology and Scope

1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
1.4. Information Analysis
- 1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Product Outlook
2.3. Application Outlook
2.4. Competitive Landscape Outlook

Chapter 3. Sandalwood Oil Market Variables, Trends & Scope

3.1. Market Lineage Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
- 3.3.1. Raw Material Outlooks
- 3.3.2. Manufacturing and Technology Trends
- 3.3.3. Profit Margin Analysis
3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Market Opportunities
- 3.4.4. Market Challenges
3.5. Industry Analysis - Porter's Five Forces Analysis
3.6. Market Entry Strategies

Chapter 4. Sandalwood Oil Market: Product Estimates & Trend Analysis

4.1. Sandalwood Oil Market, by Product: Key Takeaways
4.2. Product Movement Analysis & Market Share, 2023 & 2030
4.3. Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Million)
- 4.3.1. Natural Sandalwood Oil
  - 4.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 4.3.2. Synthetic Sandalwood Oil
  - 4.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)

Chapter 5. Sandalwood Oil Market: Application Estimates & Trend Analysis

5.1. Sandalwood Oil Market, by Application Channel: Key Takeaways
5.2. Application Movement Analysis & Market Share, 2023 & 2030
5.3. Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Million)
- 5.3.1. Personal Care & Cosmetics
  - 5.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.3.2. Pharmaceuticals
  - 5.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.3.3. Aromatherapy
  - 5.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.3.4. Others
  - 5.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)

Chapter 6. Sandalwood Oil Market: Regional Estimates & Trend Analysis

6.1. Sandalwood Oil Market: Regional Outlook
6.2. Regional Movement Analysis & Market Share, 2023 & 2030
6.3. Market Estimates & Forecasts, by Region & Country, 2018 - 2030 (USD Million)
- 6.3.1. North America
  - 6.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 6.3.1.2. U.S.
    - 6.3.1.2.1. Key country dynamics
    - 6.3.1.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 6.3.1.3. Canada
    - 6.3.1.3.1. Key country dynamics
    - 6.3.1.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 6.3.1.4. Mexico
    - 6.3.1.4.1. Key country dynamics
    - 6.3.1.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.2. Europe
  - 6.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 6.3.2.2. Germany
    - 6.3.2.2.1. Key country dynamics
    - 6.3.2.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 6.3.2.3. U.K.
    - 6.3.2.3.1. Key country dynamics
    - 6.3.2.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 6.3.2.4. France
    - 6.3.2.4.1. Key country dynamics
    - 6.3.2.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 6.3.2.5. Italy
    - 6.3.2.5.1. Key country dynamics
    - 6.3.2.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 6.3.2.6. Spain
    - 6.3.2.6.1. Key country dynamics
    - 6.3.2.6.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.3. Asia Pacific
  - 6.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 6.3.3.2. China
    - 6.3.3.2.1. Key country dynamics
    - 6.3.3.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 6.3.3.3. Japan
    - 6.3.3.3.1. Key country dynamics
    - 6.3.3.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 6.3.3.4. India
    - 6.3.3.4.1. Key country dynamics
    - 6.3.3.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 6.3.3.5. Australia & New Zealand
    - 6.3.3.5.1. Key country dynamics
    - 6.3.3.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 6.3.3.6. South Korea
    - 6.3.3.6.1. Key country dynamics
    - 6.3.3.6.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.4. Central & South America
  - 6.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 6.3.4.2. Brazil
    - 6.3.4.2.1. Key country dynamics
    - 6.3.4.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.5. Middle East & Africa
  - 6.3.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 6.3.5.2. South Africa
    - 6.3.5.2.1. Key country dynamics

Chapter 7. Competitive Analysis

7.1. Recent Developments & Impact Analysis, by Key Market Participants
7.2. Company Categorization
7.3. Participant's Overview
7.4. Financial Performance
7.5. Source Benchmarking
7.6. Company Market Share Analysis, 2023 (%)
7.7. Company Heat Map Analysis
7.8. Strategy Mapping
7.9. Company Profiles
- 7.9.1. Quintis
- 7.9.2. Meena Perfumery
- 7.9.3. RK-Essential Oils
- 7.9.4. Santanol Group
- 7.9.5. KS&DL (Karnataka Soaps and Detergents Limited)
- 7.9.6. Shiva Exports India
- 7.9.7. Eden Botanicals
- 7.9.8. Plant Therapy Essential Oils
- 7.9.9. Haldin International
- 7.9.10. Aroma Magic
- 7.9.11. Doterra International LLC
- 7.9.12. CLIARA ESSENTIAL OILS
- 7.9.13. Shubham Natural Fragrances
- 7.9.14. Sunrise Agriland Development & Research Pvt. Ltd.
- 7.9.15. Herbo Nutra Extract Private Limited

Product Code: GVR-4-68040-497-0

List of Tables

Table 1 Sandalwood Oil market - Key market driver analysis
Table 2 Sandalwood Oil market - Key market restraint analysis
Table 3 Sandalwood Oil market estimates & forecast, by product (USD Million)
Table 4 Sandalwood Oil market estimates & forecast, by application (USD Million)
Table 5 North America Sandalwood Oil market estimates and forecast, 2018 - 2030 (USD Million)
Table 6 North America Sandalwood Oil market revenue estimates and forecast by product, 2018 - 2030 (USD Million)
Table 7 North America Sandalwood Oil market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
Table 8 U.S. macro-economic outlay
Table 9 U.S. Sandalwood Oil market estimates and forecast, 2018 - 2030 (USD Million)
Table 10 U.S. Sandalwood Oil market revenue estimates and forecast by product, 2018 - 2030 (USD Million)
Table 11 U.S. Sandalwood Oil market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
Table 12 Canada macro-economic outlay
Table 13 Canada Sandalwood Oil market estimates and forecast, 2018 - 2030 (USD Million)
Table 14 Canada Sandalwood Oil market revenue estimates and forecast by product, 2018 - 2030 (USD Million)
Table 15 Canada Sandalwood Oil market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
Table 16 Mexico macro-economic outlay
Table 17 Mexico Sandalwood Oil market estimates and forecast, 2018 - 2030 (USD Million)
Table 18 Mexico Sandalwood Oil market revenue estimates and forecast by product, 2018 - 2030 (USD Million)
Table 19 Mexico Sandalwood Oil market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
Table 20 Europe Sandalwood Oil market estimates and forecast, 2018 - 2030 (USD Million)
Table 21 Europe Sandalwood Oil market revenue estimates and forecast by product, 2018 - 2030 (USD Million)
Table 22 Europe Sandalwood Oil market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
Table 23 Germany macro-economic outlay
Table 24 Germany Sandalwood Oil market estimates and forecast, 2018 - 2030 (USD Million)
Table 25 Germany Sandalwood Oil market revenue estimates and forecast by product, 2018 - 2030 (USD Million)
Table 26 Germany Sandalwood Oil market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
Table 27 U.K. macro-economic outlay
Table 28 U.K. Sandalwood Oil market estimates and forecast, 2018 - 2030 (USD Million)
Table 29 U.K. Sandalwood Oil market revenue estimates and forecast by product, 2018 - 2030 (USD Million)
Table 30 U.K. Sandalwood Oil market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
Table 31 France macro-economic outlay
Table 32 France Sandalwood Oil market estimates and forecast, 2018 - 2030 (USD Million)
Table 33 France Sandalwood Oil market revenue estimates and forecast by product, 2018 - 2030 (USD Million)
Table 34 France Sandalwood Oil market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
Table 35 Italy macro-economic outlay
Table 36 Italy Sandalwood Oil market estimates and forecast, 2018 - 2030 (USD Million)
Table 37 Italy Sandalwood Oil market revenue estimates and forecast by product, 2018 - 2030 (USD Million)
Table 38 Italy Sandalwood Oil market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
Table 39 Spain macro-economic outlay
Table 40 Spain Sandalwood Oil market estimates and forecast, 2018 - 2030 (USD Million)
Table 41 Spain Sandalwood Oil market revenue estimates and forecast by product, 2018 - 2030 (USD Million)
Table 42 Spain Sandalwood Oil market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
Table 43 Asia Pacific Sandalwood Oil market estimates and forecast, 2018 - 2030 (USD Million)
Table 44 Asia Pacific Sandalwood Oil market revenue estimates and forecast by product, 2018 - 2030 (USD Million)
Table 45 Asia Pacific Sandalwood Oil market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
Table 46 China macro-economic outlay
Table 47 China Sandalwood Oil market estimates and forecast, 2018 - 2030 (USD Million)
Table 48 China Sandalwood Oil market revenue estimates and forecast by product, 2018 - 2030 (USD Million)
Table 49 China Sandalwood Oil market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
Table 50 Japan macro-economic outlay
Table 51 Japan Sandalwood Oil market estimates and forecast, 2018 - 2030 (USD Million)
Table 52 Japan Sandalwood Oil market revenue estimates and forecast by product, 2018 - 2030 (USD Million)
Table 53 Japan Sandalwood Oil market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
Table 54 India macro-economic outlay
Table 55 India Sandalwood Oil market estimates and forecast, 2018 - 2030 (USD Million)
Table 56 India Sandalwood Oil market revenue estimates and forecast by product, 2018 - 2030 (USD Million)
Table 57 India Sandalwood Oil market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
Table 58 Australia macro-economic outlay
Table 59 New Zealand macro-economic outlay
Table 60 Australia & New Zealand Sandalwood Oil market estimates and forecast, 2018 - 2030 (USD Million)
Table 61 Australia & New Zealand Sandalwood Oil market revenue estimates and forecast by product, 2018 - 2030 (USD Million)
Table 62 Australia & New Zealand Sandalwood Oil market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
Table 63 South Korea macro-economic outlay
Table 64 South Korea Sandalwood Oil market estimates and forecast, 2018 - 2030 (USD Million)
Table 65 South Korea Sandalwood Oil market revenue estimates and forecast by product, 2018 - 2030 (USD Million)
Table 66 South Korea Sandalwood Oil market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
Table 67 Central & South America Sandalwood Oil market estimates and forecast, 2018 - 2030 (USD Million)
Table 68 Central & South America Sandalwood Oil market revenue estimates and forecast by product, 2018 - 2030 (USD Million)
Table 69 Central & South America Sandalwood Oil market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
Table 70 Brazil macro-economic outlay
Table 71 Brazil Sandalwood Oil market estimates and forecast, 2018 - 2030 (USD Million)
Table 72 Brazil Sandalwood Oil market revenue estimates and forecast by product, 2018 - 2030 (USD Million)
Table 73 Brazil Sandalwood Oil market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
Table 74 Middle East & Africa Sandalwood Oil market estimates and forecast, 2018 - 2030 (USD Million)
Table 75 Middle East & Africa Sandalwood Oil market revenue estimates and forecast by product, 2018 - 2030 (USD Million)
Table 76 Middle East & Africa Sandalwood Oil market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
Table 77 South Africa macro-economic outlay
Table 78 South Africa Sandalwood Oil market estimates and forecast, 2018 - 2030 (USD Million)
Table 79 South Africa Sandalwood Oil market revenue estimates and forecast by product, 2018 - 2030 (USD Million)
Table 80 South Africa Sandalwood Oil market revenue estimates and forecast by application, 2018 - 2030 (USD Million)
Table 81 Recent developments & impact analysis, by key market participants
Table 82 Company market share, 2023
Table 83 Company heat map analysis
Table 84 Companies undergoing key strategies

List of Figures

Fig. 1 Sandalwood Oil market segmentation
Fig. 2 Information procurement
Fig. 3 Primary research pattern
Fig. 4 Primary research approaches
Fig. 5 Primary research process
Fig. 6 Market snapshot
Fig. 7 Product snapshot
Fig. 8 Application snapshot
Fig. 9 Regional snapshot
Fig. 10 Competitive landscape snapshot
Fig. 11 Sandalwood Oil market size, 2018 to 2030 (USD Million)
Fig. 12 Sandalwood Oil Market: Penetration & growth prospect mapping
Fig. 13 Sandalwood Oil Market: Value chain analysis
Fig. 14 Sandalwood Oil Market: Profit margin analysis
Fig. 15 Sandalwood Oil Market: Market dynamics
Fig. 16 Sandalwood Oil Market: Porter's five forces analysis
Fig. 17 Sandalwood Oil Market, by product: Key Takeaways
Fig. 18 Sandalwood Oil Market: Product movement analysis, 2023 & 2030 (%)
Fig. 19 Natural sandalwood oil market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 20 Synthetic sandalwood oil market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 21 Sandalwood Oil market, by Application: Key Takeaways
Fig. 22 Sandalwood Oil market, by application: Key Takeaways
Fig. 23 Sandalwood Oil market: Regional outlook, 2023 & 2030 (USD Million)
Fig. 24 Regional marketplace: Key takeaways
Fig. 25 North America Sandalwood Oil market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 26 U.S. Sandalwood Oil market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 27 Canada Sandalwood Oil market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 28 Mexico Sandalwood Oil market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 29 Europe Sandalwood Oil market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 30 U.K. Sandalwood Oil market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 31 Germany Sandalwood Oil market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 32 France Sandalwood Oil market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 33 Italy Sandalwood Oil market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 34 Spain Sandalwood Oil market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 35 Asia Pacific Sandalwood Oil market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 36 China Sandalwood Oil market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 37 Japan Sandalwood Oil market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 38 India Sandalwood Oil market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 39 Australia & New Zealand Sandalwood Oil market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 40 South Korea Sandalwood Oil market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 41 Central & South America Sandalwood Oil market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 42 Brazil Sandalwood Oil market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 43 Middle East & Africa Sandalwood Oil market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 44 South Africa Sandalwood Oil market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 45 Key company categorization
Fig. 46 Company market share analysis, 2023
Fig. 47 Strategic framework of Sandalwood Oil market