Global Agarwoods Market Growth 2025-2031
Description
The global Agarwoods market size is predicted to grow from US$ 550 million in 2025 to US$ 777 million in 2031; it is expected to grow at a CAGR of 5.9% from 2025 to 2031.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
Agarwood, aloeswood or gharuwood is a fragrant dark resinous wood used in incense, perfume, and small carvings. It is formed in the heartwood of aquilaria trees when they become infected with a type of mould (Phialophora parasitica). Prior to infection, the heartwood is odourless, relatively light and pale coloured; however, as the infection progresses, the tree produces a dark aromatic resin, called aloes or agar (not to be confused with the edible, algae-derived agar) as well as gaharu, jinko, oud, or oodh (not to be confused with bukhoor), in response to the attack, which results in a very dense, dark, resin-embedded heartwood. The resin-embedded wood is valued in Arabic-middle eastern culture for its distinctive fragrance, and thus is used for incense and perfumes. The aromatic qualities of agarwood are influenced by the species, geographic location, its branch, trunk and root origin, length of time since infection, and methods of harvesting and processing.
The global agarwoods market refers to the industry involved in the production, trade, and consumption of agarwood and its related products. Here are some key points about the global agarwoods market:
Market Size and Growth: The agarwoods market has been experiencing steady growth in recent years due to increasing demand for luxury fragrances, traditional medicines, and spiritual products. The market size is influenced by factors such as supply and demand dynamics, cultural preferences, and regulatory frameworks.
Regional Market Dynamics: Agarwood-producing countries in Southeast Asia, such as Cambodia, Indonesia, Malaysia, and Vietnam, are major players in the global agarwoods market. These countries have a long-standing tradition of agarwood usage and have established supply chains catering to domestic and international markets. Other regions, including the Middle East and Western countries, also contribute to market growth through consumption and trade.
Product Segmentation: The agarwoods market offers diverse products to cater to various industries and consumer preferences. These include raw agarwood logs, chips, powder, essential oil, incense sticks, perfumes, cosmetics, and medicinal products. Each product segment has its unique market dynamics, pricing, and distribution channels.
Demand Drivers: The demand for agarwood and its products is driven by various factors. The growing popularity of luxury fragrances, exotic ingredients in personal care products, aromatherapy, and holistic wellness practices contribute to the increasing demand. Additionally, the cultural significance associated with agarwood in religious ceremonies and traditional medicine practices fuels the market demand.
Sustainability and Regulations: The agarwoods market faces challenges related to sustainability and conservation. Due to overharvesting and illegal logging, certain agarwood species are endangered or protected under international agreements such as the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES). Sustainable cultivation practices and certification programs are being promoted to ensure responsible sourcing and protect the long-term viability of agarwood-producing species.
Market Trends: The global agarwoods market is influenced by evolving consumer preferences. There is a growing focus on natural and organic products, which has led to increased demand for sustainably sourced and ethically produced agarwood products. Furthermore, innovations in processing techniques, product formulations, and packaging contribute to market trends and create opportunities for market players.
LP Information, Inc. (LPI) ' newest research report, the “Agarwoods Industry Forecast” looks at past sales and reviews total world Agarwoods sales in 2024, providing a comprehensive analysis by region and market sector of projected Agarwoods sales for 2025 through 2031. With Agarwoods sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Agarwoods industry.
This Insight Report provides a comprehensive analysis of the global Agarwoods landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Agarwoods portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Agarwoods market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Agarwoods and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Agarwoods.
This report presents a comprehensive overview, market shares, and growth opportunities of Agarwoods market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Natural
Artificial
Segmentation by Application:
Perfume and Fragrance Industry
Woodcraft and Decorative Items
Personal Care Products
Home Fragrance
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Agar Aura
Asia Plantation Capital
Gulf Oil & Gas
Trat Agarwood Co., Ltd
Kenden Agarwood
Hoang Giang Agarwood
Yayasan Kemanusiaan Ibu Pertiwi (YAKIP)
Royal Green Agarwood
Fragrance Du Bois
AMPL
Key Questions Addressed in this Report
What is the 10-year outlook for the global Agarwoods market?
What factors are driving Agarwoods market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Agarwoods market opportunities vary by end market size?
How does Agarwoods break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
Agarwood, aloeswood or gharuwood is a fragrant dark resinous wood used in incense, perfume, and small carvings. It is formed in the heartwood of aquilaria trees when they become infected with a type of mould (Phialophora parasitica). Prior to infection, the heartwood is odourless, relatively light and pale coloured; however, as the infection progresses, the tree produces a dark aromatic resin, called aloes or agar (not to be confused with the edible, algae-derived agar) as well as gaharu, jinko, oud, or oodh (not to be confused with bukhoor), in response to the attack, which results in a very dense, dark, resin-embedded heartwood. The resin-embedded wood is valued in Arabic-middle eastern culture for its distinctive fragrance, and thus is used for incense and perfumes. The aromatic qualities of agarwood are influenced by the species, geographic location, its branch, trunk and root origin, length of time since infection, and methods of harvesting and processing.
The global agarwoods market refers to the industry involved in the production, trade, and consumption of agarwood and its related products. Here are some key points about the global agarwoods market:
Market Size and Growth: The agarwoods market has been experiencing steady growth in recent years due to increasing demand for luxury fragrances, traditional medicines, and spiritual products. The market size is influenced by factors such as supply and demand dynamics, cultural preferences, and regulatory frameworks.
Regional Market Dynamics: Agarwood-producing countries in Southeast Asia, such as Cambodia, Indonesia, Malaysia, and Vietnam, are major players in the global agarwoods market. These countries have a long-standing tradition of agarwood usage and have established supply chains catering to domestic and international markets. Other regions, including the Middle East and Western countries, also contribute to market growth through consumption and trade.
Product Segmentation: The agarwoods market offers diverse products to cater to various industries and consumer preferences. These include raw agarwood logs, chips, powder, essential oil, incense sticks, perfumes, cosmetics, and medicinal products. Each product segment has its unique market dynamics, pricing, and distribution channels.
Demand Drivers: The demand for agarwood and its products is driven by various factors. The growing popularity of luxury fragrances, exotic ingredients in personal care products, aromatherapy, and holistic wellness practices contribute to the increasing demand. Additionally, the cultural significance associated with agarwood in religious ceremonies and traditional medicine practices fuels the market demand.
Sustainability and Regulations: The agarwoods market faces challenges related to sustainability and conservation. Due to overharvesting and illegal logging, certain agarwood species are endangered or protected under international agreements such as the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES). Sustainable cultivation practices and certification programs are being promoted to ensure responsible sourcing and protect the long-term viability of agarwood-producing species.
Market Trends: The global agarwoods market is influenced by evolving consumer preferences. There is a growing focus on natural and organic products, which has led to increased demand for sustainably sourced and ethically produced agarwood products. Furthermore, innovations in processing techniques, product formulations, and packaging contribute to market trends and create opportunities for market players.
LP Information, Inc. (LPI) ' newest research report, the “Agarwoods Industry Forecast” looks at past sales and reviews total world Agarwoods sales in 2024, providing a comprehensive analysis by region and market sector of projected Agarwoods sales for 2025 through 2031. With Agarwoods sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Agarwoods industry.
This Insight Report provides a comprehensive analysis of the global Agarwoods landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Agarwoods portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Agarwoods market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Agarwoods and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Agarwoods.
This report presents a comprehensive overview, market shares, and growth opportunities of Agarwoods market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Natural
Artificial
Segmentation by Application:
Perfume and Fragrance Industry
Woodcraft and Decorative Items
Personal Care Products
Home Fragrance
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Agar Aura
Asia Plantation Capital
Gulf Oil & Gas
Trat Agarwood Co., Ltd
Kenden Agarwood
Hoang Giang Agarwood
Yayasan Kemanusiaan Ibu Pertiwi (YAKIP)
Royal Green Agarwood
Fragrance Du Bois
AMPL
Key Questions Addressed in this Report
What is the 10-year outlook for the global Agarwoods market?
What factors are driving Agarwoods market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Agarwoods market opportunities vary by end market size?
How does Agarwoods break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
92 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Agarwoods by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Agarwoods by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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