Agarwood Chips Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2033

Description

Persistence Market Research has recently released a comprehensive report on the global Agarwood Chips Market, providing an in-depth analysis of key market dynamics, including drivers, trends, opportunities, and challenges. This detailed report sheds light on the market structure and growth potential over the forecast period.

Key Insights:

Agarwood Chips Market Size (2024E): US$47178.3 million
Projected Market Value (2033F): US$87467.6 million
Global Market Growth Rate (CAGR 2024 to 2033): 7.1%

Agarwood Chips Market - Report Scope:

Agarwood chips, derived from the Aquilaria tree, are highly valued for their aromatic resin, which is used in perfumes, incense, and traditional medicine. The market is driven by the increasing demand for natural fragrances, rising awareness of aromatherapy, and the growing popularity of luxury products.

Market Growth Drivers:

Several key factors are driving the growth of the global Agarwood Chips Market. The rising demand for natural and organic products, particularly in the fragrance industry, is a significant contributor. Additionally, the increasing popularity of aromatherapy and wellness practices is fueling market growth. The high market value of agarwood due to its rarity and cultural significance in various regions further supports demand.

Market Restraints:

Despite its growth potential, the Agarwood Chips Market faces several challenges. Overharvesting and environmental concerns related to the sustainability of agarwood sources can limit market growth. Regulatory restrictions on harvesting practices and trade may also pose significant barriers. Additionally, the high cost associated with genuine agarwood chips can restrict market accessibility for certain consumer segments.

Market Opportunities:

The Agarwood Chips Market presents substantial growth opportunities, particularly with the ongoing efforts to cultivate Aquilaria trees sustainably. Innovations in extraction methods and product development, such as the introduction of agarwood-based personal care products, are creating new avenues for market expansion. The rising interest in traditional medicines and holistic healing practices also offers opportunities for agarwood products.

Key Questions Answered in the Report:

What are the primary factors driving the global Agarwood Chips Market?
Which regions are witnessing the highest adoption of agarwood chips, and what trends are influencing this growth?
How are advancements in cultivation and extraction technologies impacting the competitive landscape?
Who are the leading players in the Agarwood Chips Market, and what strategies are they implementing to maintain their market positions?
What are the emerging trends and future prospects in the global Agarwood Chips Market?

Competitive Intelligence and Business Strategy:

Leading players in the Agarwood Chips Market, including companies like Kahuna, Agarwood Traders, and Gaharu Tea Valley, are focusing on innovation, sustainable sourcing, and strategic partnerships to strengthen their market positions. These companies are investing in sustainable harvesting practices and enhancing their product portfolios to cater to the luxury market. Collaborations with environmental organizations and regulatory bodies are crucial for ensuring compliance and promoting sustainable practices. Addressing sustainability concerns and educating consumers about the benefits of agarwood will help these companies maintain a competitive edge and achieve long-term success in the Agarwood Chips Market.

Key Companies Profiled:

Grandawood Agarwood Australia
Binh Nghia Agarwood Co., Ltd
Hoang Giang Agarwood Ltd.
Aalam Ul Oud
KAB Industries
Duy Hai AGARWOOD.
Thien Phu agarwood Co.,Ltd
Asia Plantation Capital Pte Ltd.
Ori Oud Asia
ASSAM AROMAS
Sadaharitha plantations limited
Green Agro
Thai Borai Agarwood Co.,Ltd.
KANHA AROMA
Homegrown Concept Sdn Bhd (HGC)
THE MJI GROUP,
Sai Export India
Kamil Swarga Woods Ltd
THE WESTWOOD GROUP.

Agarwood Chips Industry Research Segmentation

By Nature:

Organic
Conventional

By End Use:

Incense Sticks
Fragrances (Perfumes)
Retail/ Household

By Distribution Channel:

Business to Business (B2B)
Business to Consumers (B2C)

By Region:

North America
Latin America
Europe
South Asia & Pacific
East Asia
Middle East & Africa

Product Code: PMRREP29233

1. Executive Summary

1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy
2.2. Market DefinitiAon / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market
- 3.1.1. Robust Demand Dynamics Emanating from Fragrant Products for Agarwood Chips
- 3.1.2. Promising Export Scenario from Southeast Asian Countries
3.2. Product Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies

5. Global Market Demand Analysis 2019-2023 and Forecast, 2024-2033

5.1. Historical Market Volume (Tons) Analysis, 2019-2023
5.2. Current and Future Market Volume (Tons) Projections, 2024-2033
5.3. Y-o-Y Growth Trend Analysis

6. Global Market - Pricing Analysis

6.1. Regional Pricing Analysis
6.2. Global Average Pricing Analysis Benchmark

7. Global Market Demand (in Value or Size in US$ Mn ) Analysis 2019-2023 and Forecast, 2024-2033

7.1. Historical Market Value (US$ Mn ) Analysis, 2019-2023
7.2. Current and Future Market Value (US$ Mn ) Projections, 2024-2033
- 7.2.1. Y-o-Y Growth Trend Analysis
- 7.2.2. Absolute $ Opportunity Analysis

8. Market Background

8.1. Macro-Economic Factors
- 8.1.1. Global GDP Growth Outlook
- 8.1.2. Global GDP and Infrastructure Investment
- 8.1.3. International Trade
- 8.1.4. Global Industry Outlook
8.2. Forecast Factors - Relevance & Impact
- 8.2.1. Top Companies Historical Growth
- 8.2.2. GDP Growth forecast
- 8.2.3. Manufacturing Industry forecast
- 8.2.4. Global Urbanization Growth Outlook
- 8.2.5. Business Climate
8.3. Value Chain Analysis
- 8.3.1. Raw Material Suppliers
- 8.3.2. Product Manufacturers
- 8.3.3. End Users
8.4. Global Fragrance Industry Outlook
8.5. Global Retail Industry Outlook
8.6. Market Dynamics
- 8.6.1. Drivers
- 8.6.2. Restraints
- 8.6.3. Opportunity Analysis
8.7. Global Supply Demand Analysis

9. Global Market Analysis 2019-2023 and Forecast 2024-2033, by Nature

9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn ) and Volume Analysis By Nature, 2019-2023
9.3. Current and Future Market Size (US$ Mn ) and Volume Analysis and Forecast By Nature, 2024-2033
- 9.3.1. Organic
- 9.3.2. Conventional
9.4. Market Attractiveness Analysis By Nature

10. Global Market Analysis 2019-2023 and Forecast 2024-2033, by End Use

10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Mn ) and Volume Analysis By End Use, 2019-2023
10.3. Current and Future Market Size (US$ Mn ) and Volume Analysis and Forecast By End Use, 2024-2033
- 10.3.1. Incense Sticks
- 10.3.2. Fragrances (Perfumes)
- 10.3.3. Retail/ Household
10.4. Market Attractiveness Analysis By End Use

11. Global Market Analysis 2019-2023 and Forecast 2024-2033, by Distribution Channel

11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Mn ) and Volume Analysis By Distribution Channel, 2019-2023
11.3. Current and Future Market Size (US$ Mn ) and Volume Analysis and Forecast By Distribution Channel, 2024-2033
- 11.3.1. Business to Business (B2B)
- 11.3.2. Business to Consumers (B2C)
  - 11.3.2.1. Hypermarket/Supermarket
  - 11.3.2.2. Specialty Stores
  - 11.3.2.3. Online Retail
11.4. Market Attractiveness Analysis By Distribution Channel

12. Global Market Analysis 2019-2023 and Forecast 2024-2033, by Region

12.1. Introduction
12.2. Historical Market Size (US$ Mn ) and Volume Analysis By Region, 2019-2023
12.3. Current Market Size (US$ Mn ) and Volume Analysis and Forecast By Region, 2024-2033
- 12.3.1. North America
- 12.3.2. Latin America
- 12.3.3. Europe
- 12.3.4. Middle East and Africa (MEA)
- 12.3.5. East Asia
- 12.3.6. South Asia and Pacific
12.4. Market Attractiveness Analysis By Region

13. North America Market Analysis 2019-2023 and Forecast 2024-2033

13.1. Introduction
13.2. Historical Market Size (US$ Mn ) and Volume Trend Analysis By Market Taxonomy, 2019-2023
13.3. Market Size (US$ Mn ) and Volume Forecast By Market Taxonomy, 2024-2033
- 13.3.1. By Country
  - 13.3.1.1. U.S.
  - 13.3.1.2. Canada
- 13.3.2. By Nature
- 13.3.3. By End Use
- 13.3.4. By Distribution Channel
13.4. Market Attractiveness Analysis
- 13.4.1. By Country
- 13.4.2. By Nature
- 13.4.3. By End Use
- 13.4.4. By Distribution Channel
13.5. Drivers and Restraints - Impact Analysis

14. Latin America Market Analysis 2019-2023 and Forecast 2024-2033

14.1. Introduction
14.2. Historical Market Size (US$ Mn ) and Volume Trend Analysis By Market Taxonomy, 2019-2023
14.3. Market Size (US$ Mn ) and Volume Forecast By Market Taxonomy, 2024-2033
- 14.3.1. By Country
  - 14.3.1.1. Brazil
  - 14.3.1.2. Mexico
  - 14.3.1.3. Rest of Latin America
- 14.3.2. By Nature
- 14.3.3. By End Use
- 14.3.4. By Distribution Channel
14.4. Market Attractiveness Analysis
- 14.4.1. By Country
- 14.4.2. By Nature
- 14.4.3. By End Use
- 14.4.4. By Distribution Channel
14.5. Drivers and Restraints - Impact Analysis

15. Europe Market Analysis 2019-2023 and Forecast 2024-2033

15.1. Introduction
15.2. Historical Market Size (US$ Mn ) and Volume Trend Analysis By Market Taxonomy, 2019-2023
15.3. Market Size (US$ Mn ) and Volume Forecast By Market Taxonomy, 2024-2033
- 15.3.1. By Country
  - 15.3.1.1. Germany
  - 15.3.1.2. Italy
  - 15.3.1.3. France
  - 15.3.1.4. U.K.
  - 15.3.1.5. Spain
  - 15.3.1.6. BENELUX
  - 15.3.1.7. Nordic
  - 15.3.1.8. Russia
  - 15.3.1.9. Poland
  - 15.3.1.10. Rest of Europe
- 15.3.2. By Nature
- 15.3.3. By End Use
- 15.3.4. By Distribution Channel
15.4. Market Attractiveness Analysis
- 15.4.1. By Country
- 15.4.2. By Nature
- 15.4.3. By End Use
- 15.4.4. By Distribution Channel
15.5. Drivers and Restraints - Impact Analysis

16. South Asia and Pacific Market Analysis 2019-2023 and Forecast 2024-2033

16.1. Introduction
16.2. Historical Market Size (US$ Mn ) and Volume Trend Analysis By Market Taxonomy, 2019-2023
16.3. Market Size (US$ Mn ) and Volume Forecast By Market Taxonomy, 2024-2033
- 16.3.1. By Country
  - 16.3.1.1. India
  - 16.3.1.2. ASEAN
  - 16.3.1.3. Oceania
  - 16.3.1.4. Rest of South Asia & Pacific
- 16.3.2. By Nature
- 16.3.3. By End Use
- 16.3.4. By Distribution Channel
16.4. Market Attractiveness Analysis
- 16.4.1. By Country
- 16.4.2. By Nature
- 16.4.3. By End Use
- 16.4.4. By Distribution Channel
16.5. Drivers and Restraints - Impact Analysis

17. East Asia Market Analysis 2019-2023 and Forecast 2024-2033

17.1. Introduction
17.2. Historical Market Size (US$ Mn ) and Volume Trend Analysis By Market Taxonomy, 2019-2023
17.3. Market Size (US$ Mn ) and Volume Forecast By Market Taxonomy, 2024-2033
- 17.3.1. By Country
  - 17.3.1.1. China
  - 17.3.1.2. Japan
  - 17.3.1.3. South Korea
- 17.3.2. By Nature
- 17.3.3. By End Use
- 17.3.4. By Distribution Channel
17.4. Market Attractiveness Analysis
- 17.4.1. By Country
- 17.4.2. By Nature
- 17.4.3. By End Use
- 17.4.4. By Distribution Channel
17.5. Drivers and Restraints - Impact Analysis

18. Middle East and Africa Market Analysis 2019-2023 and Forecast 2024-2033

18.1. Introduction
18.2. Historical Market Size (US$ Mn ) and Volume Trend Analysis By Market Taxonomy, 2019-2023
18.3. Market Size (US$ Mn ) and Volume Forecast By Market Taxonomy, 2024-2033
- 18.3.1. By Country
  - 18.3.1.1. GCC Countries
  - 18.3.1.2. Turkey
  - 18.3.1.3. South Africa
  - 18.3.1.4. Rest of Middle East and Africa
- 18.3.2. By Nature
- 18.3.3. By End Use
- 18.3.4. By Distribution Channel
18.4. Market Attractiveness Analysis
- 18.4.1. By Country
- 18.4.2. By Nature
- 18.4.3. By End Use
- 18.4.4. By Distribution Channel
18.5. Drivers and Restraints - Impact Analysis

19. Country Wise Market Analysis 2024

19.1. Introduction
- 19.1.1. Market Value Proportion Analysis, By Key Countries
- 19.1.2. Global Vs. Country Growth Comparison
19.2. U.S. Market Analysis
- 19.2.1. By Nature
- 19.2.2. By End Use
- 19.2.3. By Distribution Channel
19.3. Canada Market Analysis
- 19.3.1. By Nature
- 19.3.2. By End Use
- 19.3.3. By Distribution Channel
19.4. Mexico Market Analysis
- 19.4.1. By Nature
- 19.4.2. By End Use
- 19.4.3. By Distribution Channel
19.5. Brazil Market Analysis
- 19.5.1. By Nature
- 19.5.2. By End Use
- 19.5.3. By Distribution Channel
19.6. Germany Market Analysis
- 19.6.1. By Nature
- 19.6.2. By End Use
- 19.6.3. By Distribution Channel
19.7. Italy Market Analysis
- 19.7.1. By Nature
- 19.7.2. By End Use
- 19.7.3. By Distribution Channel
19.8. France Market Analysis
- 19.8.1. By Nature
- 19.8.2. By End Use
- 19.8.3. By Distribution Channel
19.9. U.K. Market Analysis
- 19.9.1. By Nature
- 19.9.2. By End Use
- 19.9.3. By Distribution Channel
19.10. Spain Market Analysis
- 19.10.1. By Nature
- 19.10.2. By End Use
- 19.10.3. By Distribution Channel
19.11. Russia Market Analysis
- 19.11.1. By Nature
- 19.11.2. By End Use
- 19.11.3. By Distribution Channel
19.12. China Market Analysis
- 19.12.1. By Nature
- 19.12.2. By End Use
- 19.12.3. By Distribution Channel
19.13. Japan Market Analysis
- 19.13.1. By Nature
- 19.13.2. By End Use
- 19.13.3. By Distribution Channel
19.14. S. Korea Market Analysis
- 19.14.1. By Nature
- 19.14.2. By End Use
- 19.14.3. By Distribution Channel
19.15. India Market Analysis
- 19.15.1. By Nature
- 19.15.2. By End Use
- 19.15.3. By Distribution Channel
19.16. Turkey Market Analysis
- 19.16.1. By Nature
- 19.16.2. By End Use
- 19.16.3. By Distribution Channel
19.17. South Africa Market Analysis
- 19.17.1. By Nature
- 19.17.2. By End Use
- 19.17.3. By Distribution Channel

20. Market Structure Analysis

20.1. Market Analysis by Tier of Companies
20.2. Market Share Analysis of Top Players
20.3. Market Presence Analysis

21. Competition Analysis

21.1. Competition Dashboard
21.2. Competition Benchmarking
21.3. Competition Deep Dive
- 21.3.1. Grandawood Agarwood Australia
  - 21.3.1.1. Overview
  - 21.3.1.2. Product Portfolio
  - 21.3.1.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.1.4. Sales Footprint
  - 21.3.1.5. Strategy Overview
- 21.3.2. Binh Nghia Agarwood Co., Ltd
  - 21.3.2.1. Overview
  - 21.3.2.2. Product Portfolio
  - 21.3.2.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.2.4. Sales Footprint
  - 21.3.2.5. Strategy Overview
- 21.3.3. Hoang Giang Agarwood Ltd.
  - 21.3.3.1. Overview
  - 21.3.3.2. Product Portfolio
  - 21.3.3.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.3.4. Sales Footprint
  - 21.3.3.5. Strategy Overview
- 21.3.4. Aalam Ul Oud
  - 21.3.4.1. Overview
  - 21.3.4.2. Product Portfolio
  - 21.3.4.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.4.4. Sales Footprint
  - 21.3.4.5. Strategy Overview
- 21.3.5. KAB Industries
  - 21.3.5.1. Overview
  - 21.3.5.2. Product Portfolio
  - 21.3.5.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.5.4. Sales Footprint
  - 21.3.5.5. Strategy Overview
- 21.3.6. Duy Hai AGARWOOD.
  - 21.3.6.1. Overview
  - 21.3.6.2. Product Portfolio
  - 21.3.6.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.6.4. Sales Footprint
  - 21.3.6.5. Strategy Overview
- 21.3.7. Thien Phu agarwood Co.,Ltd
  - 21.3.7.1. Overview
  - 21.3.7.2. Product Portfolio
  - 21.3.7.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.7.4. Sales Footprint
  - 21.3.7.5. Strategy Overview
- 21.3.8. Asia Plantation Capital Pte Ltd.
  - 21.3.8.1. Overview
  - 21.3.8.2. Product Portfolio
  - 21.3.8.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.8.4. Sales Footprint
  - 21.3.8.5. Strategy Overview
- 21.3.9. Ori Oud Asia
  - 21.3.9.1. Overview
  - 21.3.9.2. Product Portfolio
  - 21.3.9.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.9.4. Sales Footprint
  - 21.3.9.5. Strategy Overview
- 21.3.10. ASSAM AROMAS
  - 21.3.10.1. Overview
  - 21.3.10.2. Product Portfolio
  - 21.3.10.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.10.4. Sales Footprint
  - 21.3.10.5. Strategy Overview
- 21.3.11. Sadaharitha plantations limited
  - 21.3.11.1. Overview
  - 21.3.11.2. Product Portfolio
  - 21.3.11.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.11.4. Sales Footprint
  - 21.3.11.5. Strategy Overview
- 21.3.12. Green Agro
  - 21.3.12.1. Overview
  - 21.3.12.2. Product Portfolio
  - 21.3.12.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.12.4. Sales Footprint
  - 21.3.12.5. Strategy Overview
- 21.3.13. Thai Borai Agarwood Co.,Ltd.
  - 21.3.13.1. Overview
  - 21.3.13.2. Product Portfolio
  - 21.3.13.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.13.4. Sales Footprint
  - 21.3.13.5. Strategy Overview
- 21.3.14. KANHA AROMA
  - 21.3.14.1. Overview
  - 21.3.14.2. Product Portfolio
  - 21.3.14.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.14.4. Sales Footprint
  - 21.3.14.5. Strategy Overview
- 21.3.15. Homegrown Concept Sdn Bhd (HGC)
  - 21.3.15.1. Overview
  - 21.3.15.2. Product Portfolio
  - 21.3.15.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.15.4. Sales Footprint
  - 21.3.15.5. Strategy Overview
- 21.3.16. THE MJI GROUP
  - 21.3.16.1. Overview
  - 21.3.16.2. Product Portfolio
  - 21.3.16.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.16.4. Sales Footprint
  - 21.3.16.5. Strategy Overview
- 21.3.17. Sai Export India
  - 21.3.17.1. Overview
  - 21.3.17.2. Product Portfolio
  - 21.3.17.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.17.4. Sales Footprint
  - 21.3.17.5. Strategy Overview
- 21.3.18. Kamil Swarga Woods Ltd
  - 21.3.18.1. Overview
  - 21.3.18.2. Product Portfolio
  - 21.3.18.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.18.4. Sales Footprint
  - 21.3.18.5. Strategy Overview
- 21.3.19. THE WESTWOOD GROUP.
  - 21.3.19.1. Overview
  - 21.3.19.2. Product Portfolio
  - 21.3.19.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.19.4. Sales Footprint
  - 21.3.19.5. Strategy Overview