Sandalwood Oil Market Research Report: Application (Personal Care, Pharmaceuticals, Aromatherapy, and Others), By Type (Natural and Synthetic), and Region (North America, Europe, Asia-Pacific, and Rest of the World)—Forecast 2027
|ID: VPR/CO/1070||Publishing Year: January 2022||Pages: 105||Format:|
Sandalwood Oil Market Overview:
Sandalwood Oil, also known as santal oil, is an essential oil obtained by steam distilling chips and billets of Sandalwood Trees. It is obtained by processing chips and billets of Sandalwood Trees. It is primarily employed in the cosmetic and personal care industries, where it is used to manufacture commodities such as soaps, shampoos, and creams. In traditional Chinese medicine, Sandalwood Oil is used as an antiseptic and astringent to treat headaches, stomachaches, and urinary disorders, among other things. Currently, it is most commonly used in aromatherapy to improve psychological well-being, which is a relatively new development.
The increase in the number of working people in developing economies has resulted in higher levels of stress, which has led to an increase in the number of people seeking relaxation at spas. This has a positive effect on the Sandalwood Oil Market in the long run, as Sandalwood Oil is a widely used essential oil for aromatherapy purposes. One of the most important factors driving the Sandalwood Oil Market is the rise in demand for natural perfumes over synthetic ones. Due to an increase in the population's disposable income, there is an increase in the demand for personal care products such as aromatic soaps, shampoos, and lotions, which drives the market's growth. It is anticipated that the high price of sandalwood oil will stifle Growth in the Sandalwood Oil Market in the near future.
Key Players Albert Vieille SAS (France), Doterra International LLC (Utah), Eden botanicals (US), Santanol Group (Australia), Plant Therapy Essential Oils (US), Aditi Essentials (India), Haldin International (Indonesia), JiangyinHealthway (Japan), Kanta Enterprises (India), PerfumersWorld Ltd. (Thailand), Ancient Healer (US), Khadi Natural (India), Vedic Vaani (India), Cliara Essential Oils (Sri Lanka), and Sallamander Concepts Pty Ltd (South Africa) are some of the Key Players in the Global Sandalwood Oil Market.
According to some studies, if applied to the skin on a regular basis, Sandalwood Oil can help prevent skin cancer. These are the factors that are propelling the growth of the Global Sandalwood Oil Market. In addition to its moisturising and nourishing properties, Sandalwood Oil is expected to have a positive impact on the overall growth of the Global Sandalwood Oil Market. The exotic woody fragrance of Sandalwood Oil has also led to an increase in the use of Sandalwood Oil in aromatherapy, which is expected to contribute to the Growth of the Global Sandalwood Oil Market in the coming years.
On the basis of distribution channel, end use, and geographic region, the Sandalwood Oil Market can be divided. According to the distribution channel, it is divided into four categories: online retail, specialty stores, supermarkets/hypermarkets, and department stores. Personal care products and cosmetics, aromatherapy, pharmaceuticals, and household products are the four main categories of the industry. It is investigated in four regions: North America, Europe, Asia-Pacific, and Latin America and the Caribbean.
Sandalwood Oil is widely used throughout the world due to the numerous applications for which it is suitable. It is due to the favourable climatic conditions for Sandalwood Cultivation that countries in the Asia Pacific region dominate the production and export of Sandalwood Oil. These countries include India, Australia, Japan, China, and Indonesia, to name a few. Despite the fact that Sandalwood is grown in the region of Hawaii, sandalwood oil is primarily imported into North America to meet the demands of cosmetics and personal care products. Sandalwood Oil, which is highly imported into Europe and used in hospitality services such as spas and massages, is another popular use of the wood. It is common in Latin America to use Sandalwood Oil for Medicinal purposes due to the antiseptic and anti-inflammatory properties of the oil, as well as its memory-boosting properties. Sandalwood cultivation and processing have only recently begun in the Middle East and Africa, but the potential for growth is enormous. Sandalwood Oil, on the other hand, is widely used in the Gulf Cooperation Council region for cooking purposes. Because of these factors, the global Sandalwood Oil Market is expected to continue to grow at a healthy pace over the forecast period.
As a result of the economic recovery in most developing countries, the Sandalwood Oil market is rapidly regaining its pre-COVID levels and is expected to grow at a healthy rate over the forecast period. However, unprecedented circumstances as a result of the anticipated third and subsequent waves are creating a gloomy outlook. The purpose of this study is to evaluate the impact of COVID-19 on the future of the Sandalwood Oil MARKET over the period 2001 to 2028 using various scenarios.
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