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Worldwide <strong>Sandalwood</strong> <strong>Oil</strong> <strong>Market</strong><br />
Share, Growth, Key Players and CAGR<br />
of 7.2% Foresight to 2023<br />
<strong>Market</strong> Overview<br />
<strong>Sandalwood</strong> oil is an essential oil sourced from a small tropical tree known as Indian<br />
sandalwood or Santalum album. Its color ranges from pale yellow to golden yellow and is<br />
popular for its woody- floral smell. <strong>Sandalwood</strong> oil creates a calming and harmonizing effect in<br />
the minds. Moreover, it holds various attributes such as antiseptic, anti-inflammatory and<br />
astringent which is driving the market in pharmaceutical industry as well. Additionally,<br />
sandalwood oil has become an integral part in cosmetic products owing to its various skin<br />
beneficial attributes.<br />
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Competitive Analysis<br />
The major players in the sandalwood oil market<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
Doterra International Llc. (U.S.)<br />
Eden Botanicals (U.S.)<br />
Plant Therapy Essential <strong>Oil</strong>s (U.S.)<br />
Santanol Group (Australia)<br />
Sallamander Concepts Pty Ltd (South Africa)<br />
Healing Solutions (U.S.)<br />
Khadi Herbal (India)<br />
<strong>Market</strong> Forecast<br />
<strong>Sandalwood</strong> oil is an oil derived from steam distillation of chips and billets cut of various species<br />
of sandalwood tree. It has gained popularity majorly due to its woody-floral scent. Apart from the<br />
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smell, sandalwood oil has many characteristics which has made it useful and beneficial for<br />
health and wellness. It holds various attributes such as antiseptic, anti-inflammatory and<br />
astringent which has increased its applicability in pharmaceuticals.<br />
Increasing concern of skin health among the rising population is driving the market growth of<br />
sandalwood oil. Moreover, the historic presence of sandalwood oil in various customs where it is<br />
being used from cradle to cremation is adding fuel to the market growth of sandalwood oil.<br />
However, the availability of natural sandalwood oil has become rare and expensive which may<br />
restraint the growth of sandalwood oil market. Nevertheless, all these factors are projected to<br />
contribute to the estimated CAGR of 7.2% of sandalwood oil market during the forecast period<br />
2017-2023.<br />
Downstream Analysis<br />
On the basis of type, sandalwood market is segmented such as natural and synthetic. Out of<br />
this, natural sandalwood oil is growing compared to synthetic sandalwood oil due to certain<br />
allergic effects caused among sensitive skinned population from chemicals used in synthetic<br />
sandalwood oil.<br />
Based on application, sandalwood oil is segmented on the basis of personal care products,<br />
pharmaceuticals, aromatherapy and others. Among all, personal care industry is holding major<br />
share in application of sandalwood oil. Apart from the woody- floral smell, sandalwood is useful<br />
in reducing burning sensations in skin and cleansing the skin pores which has increased its<br />
popularity in personal care industry.<br />
Based on the distribution channel, sandalwood oil is segmented as store based and non-store<br />
based. Store based distribution channel is dominating the market based on one-stop shopping<br />
experience. However, non-store based distribution channel is witnessing a moderate growth.<br />
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Regional Analysis<br />
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The global sandalwood oil market is segmented into North America, Europe, Asia Pacific and<br />
rest of the world (RoW). Asia Pacific is dominating the market followed by North America. China<br />
and India are dominating the sandalwood oil market in Asia Pacific based on the historic<br />
presence of sandalwood oil in the customs and traditions of this region.<br />
European market is attracting sandalwood oil majorly for aromatherapy. Moreover, the Middle<br />
East and Africa hold an opportunistic market for sandalwood oil. Additionally, the U.S., China,<br />
Japan, Germany and Singapore are the major importers in this market.<br />
<strong>Market</strong> Segmentation<br />
<strong>Sandalwood</strong> oil market is segmented on the basis of type, application, distribution channel and<br />
region.<br />
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