sandalwood oil market 1

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Sandalwood Oil Market is expected to register a CAGR of 6.99%from 2019 to 2024Sandalwood Oil Market ScenarioSandalwood Oil Market is used in many Asian countries for cultural reasons. It contains manymedicinal benefits. Therefore, the oil derived from sandalwood has various benefits for theskin. A new report on the global sandalwood oil market, published by Market Research Future(MRFR), estimates the market to thrive at 7.2% CAGR during the forecast period (2017-2023).The primary market driver for the global Sandalwood Oil Industry growth is its heavy useas an important ingredient in perfumes, cosmetics, and personal care products. The benefitsof sandalwood oil include antiseptic, anti-inflammatory, antispasmodic, and antiphlogistic.Sandalwood oil can also be used as an astringent, disinfectant, and diuretic. Sandalwood oilcontinues to be used extensively in many fragrances and personal care products that includecream, deodorants, lotions, soaps, and in various industrial products such as edibles, incensesticks, room fresheners, etc. Increasing consumer inclination towards aromatherapy andmany other natural remedies due to rising health and wellness trend is increasing thedemand for sandalwood essential oil.Key PlayersBig players in the global Sandalwood Oil Market are Doterra International Llc. (USA),Eden Botanicals (USA), Healing Solutions (USA), Khadi Herbal (India), Plant TherapyEssential Oils (USA), Sallamander Concepts Pty Ltd (South Africa), and Santanol Group(Australia).Latest Industry News• UK-based aromatherapist Henrietta Cassar is set to launch new bergamot oils, jasmineoils, and sandalwood oils in her LOVE HENRI range.• Products launched by celebrities have a larger standing and following due to the adventof television and rising focus on external appearances. Perfume Electrify by Paris Hiltoncontains sandalwood oil due to its soothing effects on the skin.Market SegmentationThe global Sandalwood Oil Market segmentation encompasses application andtype.The application-based segmentation of this market can cover aromatherapy, personal careproducts, pharmaceuticals, and others. Among these segments, the personal care industryholds a major market share. Sandalwood is useful in reducing burning sensations in the skinP a g e | 2sales@marketresearchfuture.comCopyright © 2017 Market Research Future.
Sandalwood Oil Market is expected to register a CAGR of 6.99%from 2019 to 2024and cleanse the skin pores. Fragrant personal care products are becoming more popular inthe market.By type, the market has been segmented into natural and synthetic. Natural sandalwood oilis growing due to certain allergic effects caused by chemicals used in synthetic sandalwoodoil.Regional SegmentationA geographical outlining of the global Sandalwood Oil Market covers Asia Pacific, NorthAmerica, Europe, and Rest-of-the-World (RoW).Asia Pacific region dominates the global market, followed by North America. China and Indiaare the main markets in this region, exporting sandalwood oil to the USA. In India, celebrityendorsements, as well as advocation by reputed personnel, are likely to foster demand inthe coming years. The young populace influenced by social media and television are likelyto gravitate towards such products and drive the global Sandalwood Oil Market growth. Dueto the high population and cultural factors, these two countries also heavily consumesandalwood oil. Australia and Japan are two other important markets in this region.Singapore is the biggest importer of sandalwood oil. An examination of the remainingcountries in the Asia Pacific region featured in this report adds the extra market revenuefrom some other countries.For More Information @https://www.marketresearchfuture.com/reports/sandalwood-oil-market-4626North America is the second-largest regional market. USA imports sandalwood oil fromChina, India, Germany, and Mexico. Canada and Mexico export a lot of sandalwood oil to theUSA and sometimes to other countries.In Europe, the market for sandalwood oil is growing, primarily for aromatherapy for whichthe sandalwood oil is used. In this region, Germany is the biggest exporter of sandalwoodoil. Other countries in this region, contributing significantly to the market revenue areFrance, Italy, Spain, and the UK. The survey of the remaining countries in Europe featuredin this report calculates the strong addition to market revenue from various other countriesin this region.The RoW segment covers uncategorized regions and countries among which, Argentina,Brazil, and South Africa. The Middle East & Africa (MEA) region holds an opportunistic marketfor sandalwood oil.P a g e | 3sales@marketresearchfuture.comCopyright © 2017 Market Research Future.
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