Global (North America, Europe, Asia-Pacific, South America, Middle East and Africa) Sandalwood Oil Market 2018, Forecast to 2023

Sandalwood, of the genus Santalum, is a genus of woody flowering trees and plants. Most species are semi-parasitic and several produce a highly aromatic wood. The most common species are Indian sandalwood (Santalum album) and Australian sandalwood (Santalum spicatum), although other species are used for their scent as well.

Scope of the Report:
This report focuses on the Sandalwood Oil in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
The global sandalwood oil concentration rate is relatively low; the manufacturers are mainly distributed in eastern Indian Ocean and the Pacific Ocean, like Australia, India, Indonesia, Sri Lanka, Malaysia, China and Hawaii etc. Australia and India are dominating the global sandalwood oil market.

In Australia, is the largest producer of sandalwood oil, the market is dominated by few players like Quintis (former TFS Corporation), Santanol Group and Essentially Australia. Quintis now is the largest producer of sandalwood oil in the world, cultivates and manages huge santalum album trees in Australia, supplies sandalwood oil for the perfume and pharmaceutical use. Quintis’s customer include Galderma, Lush Cosmetics, Young Living, Santalis Pharmaceuticals and Estee Lauder etc.

India is the second producer of sandalwood oil, the market concentration rate is low, most of the players are small, and the top players include Karnataka Soaps & Detergents Limited (KS&DL), RK-Essential Oils Company, Meena Perfumery, Katyani Exports and Naresh International etc.

In China, there are only several producer located in Jiangxi and Guangdong province, like Sandalwood Forest (cultivate Indian sandalwood in Guangdong), Jinagxi Xuesong and Jiangxi Jishui etc. low-yielding and low quality.

In terms of consumption of sandalwood oil, North America, Europe and India are dominating the consumption market, the sandalwood oils are mainly used in personal care products, cosmetics, perfumes, aromatherapy, Pharmaceuticals and other applications like mosquito coils and incense etc.

This industry is easily affected by the development of the sandalwood. The natural sandalwood trees are decreasing due to illegal felling and procurement of the wood. It will have to rely on the artificial cultivation in the future. And it is possible that the sandalwood oil price will keep a weak down trend in the future, thanks to the strong demand and the success of the artificial cultivation. So it’s important to put an eye to the development of natural and artificial cultivation sandalwood, especially large production country, like Australia, India and , Indonesia and the Pacific Islands.

The worldwide market for Sandalwood Oil is expected to grow at a CAGR of roughly 10.3% over the next five years, will reach 140 million US$ in 2023, from 78 million US$ in 2017, according to a new study.

Market Segment by Manufacturers, this report covers
Quintis (TFS Corporation)(Australia)
Santanol Group (Australia)
RK-Essential Oils Company (India)
Meena Perfumery (India)
Naresh International (India)
Essentially Australia (Australia)
Katyani Exports (India)
KS&DL (Karnataka Soaps & Detergents Limited)(India)
Sandalwood Forest (Qingyuan) (China)
Jiangxi Jishui Natural Essential oil Factory (China)
Jinagxi Xuesong (China)

Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers
Indian Sandalwood Oil
Australian Sandalwood Oil

Market Segment by Applications, can be divided into
Cosmetics(Perfumes)
Pharmaceuticals
Aromatherapy
Others

There are 15 Chapters to deeply display the global Sandalwood Oil market.
Chapter 1, to describe Sandalwood Oil Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2, to analyze the top manufacturers of Sandalwood Oil, with sales, revenue, and price of Sandalwood Oil, in 2016 and 2017;
Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2016 and 2017;
Chapter 4, to show the global market by regions, with sales, revenue and market share of Sandalwood Oil, for each region, from 2013 to 2018;
Chapter 5, 6, 7, 8 and 9, to analyze the market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions;
Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2013 to 2018;
Chapter 12, Sandalwood Oil market forecast, by regions, type and application, with sales and revenue, from 2018 to 2023;
Chapter 13, 14 and 15, to describe Sandalwood Oil sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source

Frequently Asked Questions