In this report, in 2016, the global sandalwood oil sale volume was 47.5 tons, and it will reach 83 tons in 2022, with a CGAR of 9.9% between 2016 and 2022; while the revenue of sandalwood oil was 73.3 million USD in 2016 and it will be 131 million USD in 2022, with a CGAR of 10.3% between 2016 and 2022.
Based on type, the market can be divided
into Indian Sandalwood Oil, Australian Sandalwood Oil and others. Indian
Sandalwood Oil was the largest segment in the sandalwood oil market, accounting
for nearly 85% share in 2016.
Furthermore, the application segment of
global sandalwood oil market can be diversified into Personal care,
Aromatherapy, Pharmaceuticals and others. Globally, Aromatherapy was the
predominant application segment, accounting for about 46% share in the global
sandalwood oil market in 2016.
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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, 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.
In India, the market concentration rate
is low, most of 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.
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, Indonesia and the
Pacific Islands.
Geographically,
this report split global into several key Regions, with sales (K Units),
revenue (M USD), market share and growth rate of Sandalwood Oil for these
regions, from 2014 to 2026 (forecast), covering
·
China
·
USA
·
Europe
·
Japan
·
Korea
·
India
·
Southeast Asia
·
South America
Global
Sandalwood Oil market competition by top manufacturers/players, with Sandalwood
Oil sales volume, Price (USD/Unit), revenue (M USD) and market share for each
manufacturer/player; the top players including
·
Quintis
·
Santanol Group
·
RK-Essential Oils
Company
·
Meena Perfumery
·
Naresh International
·
Essentially Australia
·
Katyani Exports
On
the basis of product, this report displays the production, revenue, price,
market share and growth rate of each type, primarily split into
·
Indian Sandalwood Oil
·
Australian Sandalwood
Oil
·
Other (Fiji sandalwood
New Caledonian and sandalwood oil etc.)
On
the basis on the end users/applications, this report focuses on the status and
outlook for major applications/end users, sales volume, market share and growth
rate of Sandalwood Oil for each application, including
·
Personal care
·
Aromatherapy
·
Aromatherapy
·
Others
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Full Report With TOC @ https://www.radiantinsights.com/research/global-sandalwood-oil-sales-market-report-2020
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