Agarwood Essential Oil Market Global Information, Application (Personal Care, Aromatherapy, Pharmaceuticals and Air Care) By Category (Conventional and Organic) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast 2027

ID: VPR/F&B/1043 Publishing Year: October 2021 Pages: 68 Format:   


Agarwood Essential Oil Market Overview:

The Agarwood Essential Oil Market is projected to grow from 5.6% CAGR to meet the target of USD 300 Million by the end of the year 2027.

Agarwood Oil is a resinous, aromatic, and very prized heartwood also known as oud oil or eagleswood oil. Aloeswood oil is another name for Agarwood Oil. When the heartwood of the Agarwoodtree becomes afflicted with a sort of mould, the essential oil is extracted. Following infection, the tree produces aloes or agar, a dark fragrant substance. Aquilariamalaccensis, aquilariaagallocha, or aquilariacrassna are the most popular species, but the oil is typically made from aquilariamalaccensis, aquilariaagallocha, or aquilariacrassna. AgarwoodOil is indigenous to India and several Southeast Asian countries, including Vietnam, the Philippines, and Indonesia. The trees from which Agarwood Oil is collected are currently cultivated, and the resin is actually formed by artificial infection and its essential oil extracted by water distillation, notwithstanding the high cost and severe scarcity in the wild. AgarwoodOil comes in a variety of grades. The grade of wood utilised and the time of distillation determine the quality of the grade. In general, the greater the grade, the longer the distillation time. The Agarwood Oil Market is expected to grow at a strong CAGR due to its numerous characteristics.

Key Players:

  • Hoang GiangAgarwood Ltd.
  • Grandawood
  • Biolandes
  • Essential Oil Wizardry
  • Biofinest USA
  • Nusaroma
  • Dauper SA
  • HYSSES Pte Ltd.
  • Living Libations
  • Agarwood Oil Inc.

Covid-19 Impact:

The COVID-19 outbreak has had an impact on the global market, including the Agarwood Essential Oil Business. The pandemic has disrupted all countries' supply chains, exports, and imports, affecting every industry in the world. It has brought about change and reform in the Agarwood Essential Oil Market Sectors.

The COVID-19 curtailed all countries' economic growth in 2020, bringing the agarwood essential oil market to a halt. To develop market demand and sales, the global market has implemented a variety of strategies and plans. However, in the current environment, the global market has accelerated its pace in order to reach the agarwood essential oil market revenue by 2025, the forecast year.

Drivers:

The right hand of the Agarwood Essential Oil profile is the key market driver, as it handles global market production and sales. Agarwood essential oil makers, governments, associations, industrial groups, traders, wholesalers, distributors, trade specialists, and investors are the primary global drivers.

According to the survey, the primary drivers employ a variety of techniques to meet client demand and boost product sales. The global market expects to increase production and sales by the end of 2025, boosting the growth of the Agarwood Essential Oil Market.

Market Expansion:

The Agarwood Essential Oil Business has used a variety of approaches and methods to expand its global network service. The business requires more raw materials from the global market for innovative cosmetic and personal care product formulations, which increases demand for agarwood essential oil. Many sectors, such as cosmetics, pharmaceuticals, fragrances, and aromatherapy, require more materials from the Agarwood Essential Oil Market, so the global market has more opportunities.

As a result, the paper shows that the worldwide market supports the primary drivers and that the situation is becoming increasingly bleak. More major factors are being used by the global market to boost sales and production.

Restraints:

AgarwoodEssential Oil is gaining popularity around the world due to its numerous advantages. AgarwoodEssential Oil is useful because of its anti-stress, anti-rheumatic, antibacterial, anti-asthmatic, carminative, analgesic, antioxidant, digestive, aphrodisiac, and other healthful characteristics. Aside from these numerous health benefits, the global market is constrained by a few factors, such as the material's limited availability. In the worldwide market, the global product is in higher demand, and its occasional supply can be a concern. To meet all of the consumers' demands, the Agarwood Essential Oil employs more important drivers.

Another potential stumbling block, according to the paper, is cost fluctuation. To build the global business, the agarwood world market price requires more concentration of the primary drivers.

Challenges:

At COVID-19 in 2020, the Global Agarwood Essential Oil Market suffered a major loss, posing a significant challenge to the global market. The primary drivers have put up all of their efforts and resources to combat the pandemic.

According to the analysis, the Worldwide Agarwood Essential Oil Market has picked up speed in order to meet its strategic target by the end of 2025.

Market Segmentation:

Cosmetics & personal care, incense, therapeutics, and others are among the applications that the Agarwood Oil Market is divided into. Therapeutics and cosmetics applications, for example, are expected to grow at a significant CAGR due to agarwood oil's ability to relieve many painful conditions such as rheumatism and other forms of arthritis, promote more frequent urination while also increasing the amount of urine produced, treat a variety of digestive issues, and repair damaged skin. Agarwood Oil can also be used to relieve pain during and after delivery, as well as nausea and vomiting.

Regional Analysis:

The research offers a comprehensive overview of the industry, with both qualitative and quantitative data. Based on numerous segments, it gives an analysis and prediction of the Global Agarwood Essential Oil Market. It also includes market size and forecast estimates for five key regions: North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and South America, for the years 2019 to 2028. The Agarwood Essential Oil Market is further split by nations and sectors within each area. The research examines and forecasts 18 countries throughout the world, as well as the present trend and prospects that exist in the region.



Frequently Asked Questions
Agarwood Essential Oil Market is predicted to grow at 5.6% through forecast period of 2020-2027
By 2027, worth USD 300 million is estimated for the Agarwood Essential Oil Market.
The right hand of the Agarwood Essential Oil profile is the key market driver, as it handles global market production and sales.
Hoang GiangAgarwood Ltd ,Grandawood ,Biolandes ,Essential Oil Wizardry ,Biofinest USA ,Nusaroma ,Dauper SA ,HYSSES Pte Ltd. ,Living Libations ,Agarwood Oil Inc.

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