Sandalwood Extract Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Sandalwood is a type of wood that comes from the Santalum genus of plants. The woods are heavy, golden, and fine-grained, and they hold their fragrance for decades, unlike many other aromatic woods. The woods are used to obtain Indian Sandalwood Oil (Santalum Album).

MARKET DYNAMICS

Sandalwood extracts are in high demand, especially in the beauty and cosmetics industry, due to the variety of medical and botanical properties of the wood. For a long time, sandalwood extracts have been employed in Ayurvedic medicine. Sandalwood oil is used to treat tension, bronchitis, loose bowels, exhaustion, fever, gallbladder issues, and other physical and mental illnesses. In the next years, rising demand from various end-users such as aromatherapy, medicines, fragrances, and other cosmetics is expected to help the entire market grow.

MARKET SCOPE

The "Global Sandalwood Extract Market Analysis to 2031" is a specialized and in-depth study of the chemicals & materials industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the sandalwood extract market with detailed market segmentation by type and application. The global sandalwood extract market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading sandalwood extract market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global sandalwood extract market is segmented into type and application. By type, the sandalwood extract market is classified into natural and synthetic. By application, the sandalwood extract market is classified into personal care, aromatherapy, pharmaceuticals, others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global sandalwood extract market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The sandalwood extract market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the sandalwood extract market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the sandalwood extract market in these regions.

MARKET PLAYERS

The report covers vital developments in the sandalwood extract market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the sandalwood extract market are anticipated to witness lucrative growth opportunities in the future with the rising demand for sandalwood extract in the global market. Below mentioned is the list of few companies engaged in the sandalwood extract market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the sandalwood extract market. Besides, the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.

•   Jiangxi Xuesong
  
•   Jiangxi Jishui Natural Essential Oil Factory
  
•   Sandalwood Forest
  
•   KS&DL
  
•   Essentially Australia
  
•   Katyani Exports
  
•   Naresh International
  
•   RK-Essential Oils Company
  
•   Santol Group
  
•   Quintis
  
  
  

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.

Sandalwood Extract Report Scope