Global Sandalwood Oil Supply, Demand and Key Producers, 2026-2032

The global Sandalwood Oil market size is expected to reach $ 375 million by 2032, rising at a market growth of 10.3% CAGR during the forecast period (2026-2032).

Sandalwood, of the genus Santalum, is a genus of woody flowering trees and plants. Most species are semi-parasitic and several produce a highly aromatic wood. The most common species are Indian sandalwood (Santalum album) and Australian sandalwood (Santalum spicatum), although other species are used for their scent as well. The oil that distilled from eucarya spicata species, amyris and so on is not belonging to the Sandalwood Oil. Different sandalwood species are indigenous to India, Indonesia, Sri Lanka, Bangladesh (S. album), and Australia (S. spicatum and S. lanceolatum), as well as to several Pacific Islands such as Hawaii (S. ellipticum), Fiji and Tonga (S. yasi), Papua New Guinea (S. macgregorii), Vanuatu and New Caledonia (S. austrocaledonicum) and French Polynesia (S. insulare). Traditionally, sandalwood is wild-harvested, since cultivation is difficult. Because of over- and illegal harvesting, supplies of sandalwood, especially Indian sandalwood, have decreased considerably over the last 10-15 years. Consequently, efforts to cultivate sandalwood have increased; Australia now has several plantations of Indian sandalwood trees.

Global Sandalwood Oil key players include Quintis, Meena Perfumery, RK-Essential Oils, Santanol Group, KS&DL, etc. Global top five manufacturers hold a share about 65%. Asia Paicfic is the largest market, with a share about 40%, followed by Europe, with a share about 30 percent. In terms of product, Indian Sandalwood Oil is the largest segment, with a share about 85%. And in terms of application, the largest application is Aromatherapy, followed by Personal Care, Pharmaceuticals, etc.

This report studies the global Sandalwood Oil production, demand, key manufacturers, and key regions.

This report is a detailed and comprehensive analysis of the world market for Sandalwood Oil and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Sandalwood Oil that contribute to its increasing demand across many markets.

Highlights and key features of the study

Global Sandalwood Oil total production and demand, 2021-2032, (Kg)

Global Sandalwood Oil total production value, 2021-2032, (USD Million)

Global Sandalwood Oil production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (Kg), (based on production site)

Global Sandalwood Oil consumption by region & country, CAGR, 2021-2032 & (Kg)

U.S. VS China: Sandalwood Oil domestic production, consumption, key domestic manufacturers and share

Global Sandalwood Oil production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (Kg)

Global Sandalwood Oil production by Type, production, value, CAGR, 2021-2032, (USD Million) & (Kg)

Global Sandalwood Oil production by Application, production, value, CAGR, 2021-2032, (USD Million) & (Kg)

This report profiles key players in the global Sandalwood Oil market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Quintis (TFS )(Australia), Santanol (Australia), RK-Essential Oils (India), Meena Perfumery (India), Naresh International (India), Essentially Australia (Australia), Katyani Exports (India), KS&DL (Karnataka Soaps & Detergents)(India), Sandalwood Forest (Qingyuan) (China), Jiangxi Jishui Natural Essential oil Factory (China), etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Sandalwood Oil market

Detailed Segmentation:

Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (Kg) and average price (USD/Kg) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.

Global Sandalwood Oil Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World

Global Sandalwood Oil Market, Segmentation by Type:
Indian Sandalwood Oil
Australian Sandalwood Oil

Global Sandalwood Oil Market, Segmentation by Application:
Cosmetics (Perfumes)
Pharmaceuticals
Aromatherapy
Others

Companies Profiled:
Quintis (TFS )(Australia)
Santanol (Australia)
RK-Essential Oils (India)
Meena Perfumery (India)
Naresh International (India)
Essentially Australia (Australia)
Katyani Exports (India)
KS&DL (Karnataka Soaps & Detergents)(India)
Sandalwood Forest (Qingyuan) (China)
Jiangxi Jishui Natural Essential oil Factory (China)
Jinagxi Xuesong (China)

Key Questions Answered:

1. How big is the global Sandalwood Oil market?

2. What is the demand of the global Sandalwood Oil market?

3. What is the year over year growth of the global Sandalwood Oil market?

4. What is the production and production value of the global Sandalwood Oil market?

5. Who are the key producers in the global Sandalwood Oil market?

6. What are the growth factors driving the market demand? Show more