Sandalwood Oil Market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology, Application, Product Type
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Introduction and Market Overview
Sandalwood oil, derived from sandalwood trees, is a high-value essential oil prized for its soothing aroma and therapeutic properties, driving demand across personal care, pharmaceuticals, and aromatherapy. With approximately 1 billion people globally affected by mental health issues like anxiety and insomnia, sandalwood oil’s calming and anti-inflammatory effects make it a staple in aromatherapy, particularly in North America and Europe. The 8% growth in the organic personal care market in 2023 reflects consumer preference for natural and chemical-free products, boosting demand for organic sandalwood oil. Cultural and religious practices, especially in Asia Pacific, sustain its use in rituals, with India and Southeast Asia leading consumption. E-commerce, growing 9% in 2024, enhances global accessibility through platforms like Amazon and iHerb, while the essential oil market saw a 10% e-commerce-driven increase in 2023. The global sandalwood oil market is estimated at USD 130-200 million in 2025, with a CAGR of 6%-10% through 2030, propelled by wellness trends, cultural significance, and digital expansion.
Regional Market Trends
North America: The U.S. and Canada lead with strong demand in aromatherapy and organic personal care products.
Europe: Germany, France, and the UK focus on natural and premium sandalwood oil in cosmetics and wellness.
Asia Pacific: India, China, and Indonesia dominate due to religious, cultural, and growing beauty markets.
Rest of the World: Australia and Brazil see rising interest in eco-friendly and therapeutic essential oils.
Application Analysis
Personal Care & Cosmetics: Anticipated growth of 7%-11%, driven by use in perfumes, skincare, and haircare. Trends focus on organic and vegan formulations.
Pharmaceutical: Expected growth of 5%-9%, valued for anti-inflammatory and antiseptic properties. Trends emphasize clinical-grade oils for health applications.
Aromatherapy: Projected growth of 6%-10%, fueled by mental health awareness. Trends highlight diffuser-compatible and therapeutic-grade oils.
Others: Anticipated growth of 4%-8%, including religious and industrial uses. Trends focus on sustainable sourcing for niche applications.
Type Analysis
Natural Sandalwood Oil: Expected growth of 7%-11%, preferred for authenticity and eco-conscious appeal. Trends emphasize sustainable harvesting and certifications.
Synthetic Sandalwood Oil: Projected growth of 5%-9%, favored for affordability in mass-market products. Trends focus on improved synthetic aroma profiles.
Key Market Players
Quintis: Supplies sustainably sourced sandalwood oil for premium personal care and aromatherapy markets.
RK-Essential Oils: Offers organic sandalwood oil for cosmetics and therapeutic applications.
doTERRA International: Markets high-purity sandalwood oil for wellness and aromatherapy consumers.
Eden Botanicals: Provides artisanal sandalwood oil for niche perfume and skincare brands.
KS&DL: Produces sandalwood oil for cultural, religious, and personal care uses in India.
Porter’s Five Forces Analysis
Threat of New Entrants: Moderate, as low production barriers exist, but sustainable sourcing and certifications create significant hurdles.
Threat of Substitutes: Moderate, with other essential oils like lavender or cedarwood as alternatives, though sandalwood’s unique aroma limits substitution.
Bargaining Power of Buyers: High, due to numerous suppliers and price sensitivity in bulk purchases.
Bargaining Power of Suppliers: High, given limited sandalwood tree availability and sustainable harvesting regulations.
Competitive Rivalry: High, driven by innovation in organic certifications, sustainable sourcing, and premium branding.
Market Opportunities and Challenges
Opportunities:
Addressing 1 billion people with mental health issues through aromatherapy applications.
Leveraging 8% growth in the organic personal care market for natural sandalwood oil.
Capitalizing on cultural and religious demand in Asia Pacific, particularly India.
Utilizing 9% e-commerce growth in 2024 for global market expansion.
Innovating with sustainable and certified organic sandalwood oil offerings.
Expanding into emerging wellness markets like Brazil and Australia.
Challenges:
Competing with synthetic and alternative essential oils in price-sensitive markets.
High costs of sustainable sandalwood harvesting and certifications.
Overcoming supply constraints due to limited sandalwood tree availability.
Navigating stringent environmental and trade regulations for natural oils.
Managing consumer skepticism about synthetic sandalwood oil quality.
Chapter 1 Executive Summary
Chapter 2 Abbreviation and Acronyms
Chapter 3 Preface
3.1 Research Scope
3.2 Research Sources
3.2.1 Data Sources
3.2.2 Assumptions
3.3 Research Method
Chapter 4 Market Landscape
4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users
Chapter 5 Market Trend Analysis
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats
Chapter 6 Industry Chain Analysis
6.1 Upstream/Suppliers Analysis
6.2 Sandalwood Oil Analysis
6.2.1 Technology Analysis
6.2.2 Cost Analysis
6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users
Chapter 7 Latest Market Dynamics
7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics
Chapter 8 Historical and Forecast Sandalwood Oil Market in North America (2020-2030)
8.1 Sandalwood Oil Market Size
8.2 Sandalwood Oil Market by End Use
8.3 Competition by Players/Suppliers
8.4 Sandalwood Oil Market Size by Type
8.5 Key Countries Analysis
8.5.1 United States
8.5.2 Canada
8.5.3 Mexico
Chapter 9 Historical and Forecast Sandalwood Oil Market in South America (2020-2030)
9.1 Sandalwood Oil Market Size
9.2 Sandalwood Oil Market by End Use
9.3 Competition by Players/Suppliers
9.4 Sandalwood Oil Market Size by Type
9.5 Key Countries Analysis
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Chile
9.5.4 Peru
Chapter 10 Historical and Forecast Sandalwood Oil Market in Asia & Pacific (2020-2030)
10.1 Sandalwood Oil Market Size
10.2 Sandalwood Oil Market by End Use
10.3 Competition by Players/Suppliers
10.4 Sandalwood Oil Market Size by Type
10.5 Key Countries Analysis
10.5.1 China
10.5.2 India
10.5.3 Japan
10.5.4 South Korea
10.5.5 Southest Asia
10.5.6 Australia
Chapter 11 Historical and Forecast Sandalwood Oil Market in Europe (2020-2030)
11.1 Sandalwood Oil Market Size
11.2 Sandalwood Oil Market by End Use
11.3 Competition by Players/Suppliers
11.4 Sandalwood Oil Market Size by Type
11.5 Key Countries Analysis
11.5.1 Germany
11.5.2 France
11.5.3 United Kingdom
11.5.4 Italy
11.5.5 Spain
11.5.6 Belgium
11.5.7 Netherlands
11.5.8 Austria
11.5.9 Poland
11.5.10 Russia
Chapter 12 Historical and Forecast Sandalwood Oil Market in MEA (2020-2030)
12.1 Sandalwood Oil Market Size
12.2 Sandalwood Oil Market by End Use
12.3 Competition by Players/Suppliers
12.4 Sandalwood Oil Market Size by Type
12.5 Key Countries Analysis
12.5.1 Egypt
12.5.2 Israel
12.5.3 South Africa
12.5.4 Gulf Cooperation Council Countries
12.5.5 Turkey
Chapter 13 Summary For Global Sandalwood Oil Market (2020-2025)
13.1 Sandalwood Oil Market Size
13.2 Sandalwood Oil Market by End Use
13.3 Competition by Players/Suppliers
13.4 Sandalwood Oil Market Size by Type
Chapter 14 Global Sandalwood Oil Market Forecast (2025-2030)
14.1 Sandalwood Oil Market Size Forecast
14.2 Sandalwood Oil Application Forecast
14.3 Competition by Players/Suppliers
14.4 Sandalwood Oil Type Forecast
Chapter 15 Analysis of Global Key Vendors
15.1 RK-Essential Oils
15.1.1 Company Profile
15.1.2 Main Business and Sandalwood Oil Information
15.1.3 SWOT Analysis of RK-Essential Oils
15.1.4 RK-Essential Oils Sandalwood Oil Sales, Revenue, Price and Gross Margin (2020-2025)
15.2 Quintis
15.2.1 Company Profile
15.2.2 Main Business and Sandalwood Oil Information
15.2.3 SWOT Analysis of Quintis
15.2.4 Quintis Sandalwood Oil Sales, Revenue, Price and Gross Margin (2020-2025)
15.3 Santanol Group
15.3.1 Company Profile
15.3.2 Main Business and Sandalwood Oil Information
15.3.3 SWOT Analysis of Santanol Group
15.3.4 Santanol Group Sandalwood Oil Sales, Revenue, Price and Gross Margin (2020-2025)
15.4 KS&DL (Karnataka Soaps and Detergents Limited)
15.4.1 Company Profile
15.4.2 Main Business and Sandalwood Oil Information
15.4.3 SWOT Analysis of KS&DL (Karnataka Soaps and Detergents Limited)
15.4.4 KS&DL (Karnataka Soaps and Detergents Limited) Sandalwood Oil Sales, Revenue, Price and Gross Margin (2020-2025)
15.5 Meena Perfumery
15.5.1 Company Profile
15.5.2 Main Business and Sandalwood Oil Information
15.5.3 SWOT Analysis of Meena Perfumery
15.5.4 Meena Perfumery Sandalwood Oil Sales, Revenue, Price and Gross Margin (2020-2025)
15.6 Shiva Exports India
15.6.1 Company Profile
15.6.2 Main Business and Sandalwood Oil Information
15.6.3 SWOT Analysis of Shiva Exports India
15.6.4 Shiva Exports India Sandalwood Oil Sales, Revenue, Price and Gross Margin (2020-2025)
15.7 Eden Botanicals
15.7.1 Company Profile
15.7.2 Main Business and Sandalwood Oil Information
15.7.3 SWOT Analysis of Eden Botanicals
15.7.4 Eden Botanicals Sandalwood Oil Sales, Revenue, Price and Gross Margin (2020-2025)
15.8 Plant Therapy Essential Oils
15.8.1 Company Profile
15.8.2 Main Business and Sandalwood Oil Information
15.8.3 SWOT Analysis of Plant Therapy Essential Oils
15.8.4 Plant Therapy Essential Oils Sandalwood Oil Sales, Revenue, Price and Gross Margin (2020-2025)
15.9 Aroma Magic
15.9.1 Company Profile
15.9.2 Main Business and Sandalwood Oil Information
15.9.3 SWOT Analysis of Aroma Magic
15.9.4 Aroma Magic Sandalwood Oil Sales, Revenue, Price and Gross Margin (2020-2025)
15.10 Doterra International
15.10.1 Company Profile
15.10.2 Main Business and Sandalwood Oil Information
15.10.3 SWOT Analysis of Doterra International
15.10.4 Doterra International Sandalwood Oil Sales, Revenue, Price and Gross Margin (2020-2025)
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Table Research Scope Of Sandalwood Oil Report
Table Data Sources Of Sandalwood Oil Report
Table Major Assumptions Of Sandalwood Oil Report
Table Sandalwood Oil Classification
Table Sandalwood Oil Applications
Table Drivers Of Sandalwood Oil Market
Table Restraints Of Sandalwood Oil Market
Table Opportunities Of Sandalwood Oil Market
Table Threats Of Sandalwood Oil Market
Table Raw Materials Suppliers
Table Different Production Methods Of Sandalwood Oil
Table Cost Structure Analysis Of Sandalwood Oil
Table Key End Users
Table Latest News Of Sandalwood Oil Market
Table Merger And Acquisition
Table Planned/Future Project Of Sandalwood Oil Market
Table Policy Of Sandalwood Oil Market
Table 2020-2030 North America Sandalwood Oil Market Size
Table 2020-2030 North America Sandalwood Oil Market Size By Application
Table 2020-2025 North America Sandalwood Oil Key Players Revenue
Table 2020-2025 North America Sandalwood Oil Key Players Market Share
Table 2020-2030 North America Sandalwood Oil Market Size By Type
Table 2020-2030 United States Sandalwood Oil Market Size
Table 2020-2030 Canada Sandalwood Oil Market Size
Table 2020-2030 Mexico Sandalwood Oil Market Size
Table 2020-2030 South America Sandalwood Oil Market Size
Table 2020-2030 South America Sandalwood Oil Market Size By Application
Table 2020-2025 South America Sandalwood Oil Key Players Revenue
Table 2020-2025 South America Sandalwood Oil Key Players Market Share
Table 2020-2030 South America Sandalwood Oil Market Size By Type
Table 2020-2030 Brazil Sandalwood Oil Market Size
Table 2020-2030 Argentina Sandalwood Oil Market Size
Table 2020-2030 Chile Sandalwood Oil Market Size
Table 2020-2030 Peru Sandalwood Oil Market Size
Table 2020-2030 Asia & Pacific Sandalwood Oil Market Size
Table 2020-2030 Asia & Pacific Sandalwood Oil Market Size By Application
Table 2020-2025 Asia & Pacific Sandalwood Oil Key Players Revenue
Table 2020-2025 Asia & Pacific Sandalwood Oil Key Players Market Share
Table 2020-2030 Asia & Pacific Sandalwood Oil Market Size By Type
Table 2020-2030 China Sandalwood Oil Market Size
Table 2020-2030 India Sandalwood Oil Market Size
Table 2020-2030 Japan Sandalwood Oil Market Size
Table 2020-2030 South Korea Sandalwood Oil Market Size
Table 2020-2030 Southeast Asia Sandalwood Oil Market Size
Table 2020-2030 Australia Sandalwood Oil Market Size
Table 2020-2030 Europe Sandalwood Oil Market Size
Table 2020-2030 Europe Sandalwood Oil Market Size By Application
Table 2020-2025 Europe Sandalwood Oil Key Players Revenue
Table 2020-2025 Europe Sandalwood Oil Key Players Market Share
Table 2020-2030 Europe Sandalwood Oil Market Size By Type
Table 2020-2030 Germany Sandalwood Oil Market Size
Table 2020-2030 France Sandalwood Oil Market Size
Table 2020-2030 United Kingdom Sandalwood Oil Market Size
Table 2020-2030 Italy Sandalwood Oil Market Size
Table 2020-2030 Spain Sandalwood Oil Market Size
Table 2020-2030 Belgium Sandalwood Oil Market Size
Table 2020-2030 Netherlands Sandalwood Oil Market Size
Table 2020-2030 Austria Sandalwood Oil Market Size
Table 2020-2030 Poland Sandalwood Oil Market Size
Table 2020-2030 Russia Sandalwood Oil Market Size
Table 2020-2030 Mea Sandalwood Oil Market Size
Table 2020-2030 Mea Sandalwood Oil Market Size By Application
Table 2020-2025 Mea Sandalwood Oil Key Players Revenue
Table 2020-2025 Mea Sandalwood Oil Key Players Market Share
Table 2020-2030 Mea Sandalwood Oil Market Size By Type
Table 2020-2030 Egypt Sandalwood Oil Market Size
Table 2020-2030 Israel Sandalwood Oil Market Size
Table 2020-2030 South Africa Sandalwood Oil Market Size
Table 2020-2030 Gulf Cooperation Council Countries Sandalwood Oil Market Size
Table 2020-2030 Turkey Sandalwood Oil Market Size
Table 2020-2025 Global Sandalwood Oil Market Size By Region
Table 2020-2025 Global Sandalwood Oil Market Size Share By Region
Table 2020-2025 Global Sandalwood Oil Market Size By Application
Table 2020-2025 Global Sandalwood Oil Market Share By Application
Table 2020-2025 Global Sandalwood Oil Key Vendors Revenue
Table 2020-2025 Global Sandalwood Oil Key Vendors Market Share
Table 2020-2025 Global Sandalwood Oil Market Size By Type
Table 2020-2025 Global Sandalwood Oil Market Share By Type
Table 2025-2030 Global Sandalwood Oil Market Size By Region
Table 2025-2030 Global Sandalwood Oil Market Size Share By Region
Table 2025-2030 Global Sandalwood Oil Market Size By Application
Table 2025-2030 Global Sandalwood Oil Market Share By Application
Table 2025-2030 Global Sandalwood Oil Key Vendors Revenue
Table 2025-2030 Global Sandalwood Oil Key Vendors Market Share
Table 2025-2030 Global Sandalwood Oil Market Size By Type
Table 2025-2030 Sandalwood Oil Global Market Share By Type
Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure Sandalwood Oil Picture
Figure 2020-2030 North America Sandalwood Oil Market Size And Cagr
Figure 2020-2030 South America Sandalwood Oil Market Size And Cagr
Figure 2020-2030 Asia & Pacific Sandalwood Oil Market Size And Cagr
Figure 2020-2030 Europe Sandalwood Oil Market Size And Cagr
Figure 2020-2030 Mea Sandalwood Oil Market Size And Cagr
Figure 2020-2025 Global Sandalwood Oil Market Size And Growth Rate
Figure 2025-2030 Global Sandalwood Oil Market Size And Growth Rate
Research Methodology
- Market Estimated Methodology:
Bottom-up & top-down approach, supply & demand approach are the most important method which is used by HDIN Research to estimate the market size.
1)Top-down & Bottom-up Approach
Top-down approach uses a general market size figure and determines the percentage that the objective market represents.
Bottom-up approach size the objective market by collecting the sub-segment information.
2)Supply & Demand Approach
Supply approach is based on assessments of the size of each competitor supplying the objective market.
Demand approach combine end-user data within a market to estimate the objective market size. It is sometimes referred to as bottom-up approach.
- Forecasting Methodology
- Numerous factors impacting the market trend are considered for forecast model:
- New technology and application in the future;
- New project planned/under contraction;
- Global and regional underlying economic growth;
- Threatens of substitute products;
- Industry expert opinion;
- Policy and Society implication.
- Analysis Tools
1)PEST Analysis
PEST Analysis is a simple and widely used tool that helps our client analyze the Political, Economic, Socio-Cultural, and Technological changes in their business environment.
- Benefits of a PEST analysis:
- It helps you to spot business opportunities, and it gives you advanced warning of significant threats.
- It reveals the direction of change within your business environment. This helps you shape what you’re doing, so that you work with change, rather than against it.
- It helps you avoid starting projects that are likely to fail, for reasons beyond your control.
- It can help you break free of unconscious assumptions when you enter a new country, region, or market; because it helps you develop an objective view of this new environment.
2)Porter’s Five Force Model Analysis
The Porter’s Five Force Model is a tool that can be used to analyze the opportunities and overall competitive advantage. The five forces that can assist in determining the competitive intensity and potential attractiveness within a specific area.
- Threat of New Entrants: Profitable industries that yield high returns will attract new firms.
- Threat of Substitutes: A substitute product uses a different technology to try to solve the same economic need.
- Bargaining Power of Customers: the ability of customers to put the firm under pressure, which also affects the customer's sensitivity to price changes.
- Bargaining Power of Suppliers: Suppliers of raw materials, components, labor, and services (such as expertise) to the firm can be a source of power over the firm when there are few substitutes.
- Competitive Rivalry: For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry.
3)Value Chain Analysis
Value chain analysis is a tool to identify activities, within and around the firm and relating these activities to an assessment of competitive strength. Value chain can be analyzed by primary activities and supportive activities. Primary activities include: inbound logistics, operations, outbound logistics, marketing & sales, service. Support activities include: technology development, human resource management, management, finance, legal, planning.
4)SWOT Analysis
SWOT analysis is a tool used to evaluate a company's competitive position by identifying its strengths, weaknesses, opportunities and threats. The strengths and weakness is the inner factor; the opportunities and threats are the external factor. By analyzing the inner and external factors, the analysis can provide the detail information of the position of a player and the characteristics of the industry.
- Strengths describe what the player excels at and separates it from the competition
- Weaknesses stop the player from performing at its optimum level.
- Opportunities refer to favorable external factors that the player can use to give it a competitive advantage.
- Threats refer to factors that have the potential to harm the player.
- Data Sources
Primary Sources | Secondary Sources |
---|---|
Face to face/Phone Interviews with market participants, such as: Manufactures; Distributors; End-users; Experts. Online Survey |
Government/International Organization Data: Annual Report/Presentation/Fact Book Internet Source Information Industry Association Data Free/Purchased Database Market Research Report Book/Journal/News |