Global Sandalwood Oil Market is predicted to reach USD 0.2 billion at a CAGR of 6.99% during the forecast period

Market Research Future (MRFR) has published a cooked research report on the “Global Sandalwood Oil Market” that contains information from 2018 to 2032. The Global Sandalwood Oil Market is estimated to register a CAGR of 6.99% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Global Sandalwood Oil Market— Doterra International LLC, Eden botanicals, Santanol Group, Plant Therapy Essential Oils, Aditi Essentials, Haldin International, langyin Healthway, Kanta Enterprises, PerfumersWorld Ltd., Ancient Healer, Khadi Natural and Vedic Vaani.

Sandalwood Oil Market Highlights

The Global Sandalwood Oil Market is accounted to register a CAGR of 6.99% during the forecast period and is estimated to reach USD 0.2 Billion by 2032.

The global sandalwood oil market refers to the worldwide trade and demand for sandalwood oil, which is extracted from the Santalum album tree species. Sandalwood oil is a highly valuable and sought-after essential oil known for its distinct fragrance and various applications. The market encompasses the production, distribution, and consumption of sandalwood oil on a global scale.

The global sandalwood oil market is driven by the growing demand for natural and organic products, rising interest in aromatherapy and wellness practices, and the expanding fragrance industry.

Segment Analysis

The Global Sandalwood Oil Market has been segmented based on type and application.

On the basis of type, the market is segmented into natural sandalwood oil and lab-created sandalwood oil. This is because there is a growing desire for natural and environmentally friendly products, particularly when personal and health care are involved.

Based on application, the market has been segmented into personal care, pharmaceuticals and aromatherapy. Producing soaps, beauty products, and other amenities uses sandalwood, a natural antibacterial and preservative. The market is being driven by the usage of sandalwood oil in the pharmaceuticals industry, which is also expanding.

Regional Analysis

The Global Sandalwood Oil Market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Sandalwood Oil Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Sandalwood Oil Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Global Sandalwood Oil Market comprises of Middle East, Africa, and Latin America.

The Asia-Pacific region, particularly India, Indonesia, Australia, and Sri Lanka, is a major producer and consumer of sandalwood oil. India is one of the largest producers and exporters of sandalwood oil, and it is widely used in Ayurvedic medicine and religious ceremonies.

The United States and Canada are key markets for sandalwood oil consumption. The demand for sandalwood oil in North America is primarily driven by the personal care and fragrance industries. The region also imports sandalwood oil from other major producing countries.

Europe, including countries like France, Germany, and the United Kingdom, is a significant consumer of sandalwood oil. The European market is driven by the demand for sandalwood oil in the fragrance industry, where it is used as a base note in perfumes and colognes.

Furthermore, the rest of the world's Global Sandalwood Oil Market is divided into the Middle East, Africa, and Latin America. Brazil and Argentina are the major players in the sandalwood oil market in Latin America. The region primarily imports sandalwood oil for use in the cosmetics and personal care industries.

Key Findings of the Study

• The Global Sandalwood Oil Market is expected to reach USD 0.2 Billion by 2032, at a CAGR of 6.99% during the forecast period.


• The United States and Canada are key markets for sandalwood oil consumption. The demand for sandalwood oil in North America is primarily driven by the personal care and fragrance industries. The region also imports sandalwood oil from other major producing countries.


• Based on type, the market is segmented into natural sandalwood oil and lab-created sandalwood oil holding the largest market in 2022.


• Doterra International LLC, Eden botanicals, Santanol Group, Plant Therapy Essential Oils, Aditi Essentials, Haldin International, langyin Healthway, Kanta Enterprises, PerfumersWorld Ltd., Ancient Healer, Khadi Natural and Vedic Vaani.