Sandalwood oil also known as santal oil, is an essential oil obtained by processing chips and billets of sandalwood trees through steam distillation. It is mainly used in the cosmetic and personal care industry to produce commodities such as soaps, shampoos, and lotions. Sandalwood oil has been traditionally used as an antiseptic and astringent to treat headache, stomachache, and urinary disorders. Nowadays, it is most commonly used in aromatherapy to improve psychological well-being.
A rise in the number of working populations in the developing economies has led to increased stress levels, which inclines consumers toward spas for relaxation. This ultimately has a positive impact on the sandalwood oil market since it is a widely used essential oil for aromatherapy. Increase in demand for natural perfume over synthetic perfume is a major driver for the sandalwood oil market. With rise in disposable income of the population, there is an escalation in the demand for personal care products such as aromatic soaps, shampoos, and lotions, which drives the growth of the market. However, high price of sandalwood oil is expected to hinder the growth of the sandalwood oil market.
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The shift of consumers preference from chemical based products to natural products in several segments such as personal care and cosmetics, can be regarded as an opportunity by the sandalwood oil manufacturers for the expansion of this market.
The sandalwood oil market is segmented based on distribution channel, end use, and region. Based on distribution channel, it is divided into online retail, specialty stores, supermarkets/hypermarkets, and departmental stores. Based on end use, it is categorized into personal care products & cosmetics, aromatherapy, pharmaceuticals, and household. Based on region, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major players in the sandalwood oil market include Khadi Natural, PerfumersWorld, Eden Botanicals, Aroma Magic, Ancient Healer, Plant Therapy Essential Oils, Santanol, Vedic Vaani, Kanta Enterprises Private Limited, and CLIARA ESSENTIAL OILS.
Key Benefits for Sandalwood Oil Market:
- This report provides an extensive analysis of the current and emerging trends and dynamics in the sandalwood oil market.
- In-depth analysis is done by constructing market estimations for the key market segments to identify the prevailing market opportunities.
- This study evaluates the competitive landscape and value chain to understand the competitive environment across the geographies.
- Comprehensive analysis of factors that drive and restrict the market growth is provided.
- Comprehensive analysis of all regions is provided to determine the prevailing opportunities in these geographies.
Key Sandalwood Oil Market Segments:
By Distribution Channel
- Online Retail
- Specialty Stores
- Departmental Stores