Global Sandalwood Oil Market Research Report 2017
This report studies the Sandalwood Oil market status and outlook of global and major regions, from angles of manufacturers, regions, product types and end industries; this report analyzes the top manufacturers in global and major regions, and splits the Sandalwood Oil market by product type and applications/end industries.
The global sandalwood oil concentration rate is relatively low; the manufacturers are mainly distributed in eastern Indian Ocean and the Pacific Ocean, like Australia, India, Indonesia, Sri Lanka, Malaysia, China and Hawaii etc. Australia and India are dominating the global sandalwood oil market.
In Australia, is the largest producer of sandalwood oil, the market is dominated by few players like Quintis (former TFS Corporation), Santanol Group and Essentially Australia. Quintis now is the largest producer of sandalwood oil in the world, cultivates and manages huge santalum album trees in Australia, supplies sandalwood oil for the perfume and pharmaceutical use. Quintis¡¯s customer include Galderma, Lush Cosmetics, Young Living, Santalis Pharmaceuticals and Estee Lauder etc.
India is the second producer of sandalwood oil, the market concentration rate is low, most of the players are small, and the top players include Karnataka Soaps & Detergents Limited (KS&DL), RK-Essential Oils Company, Meena Perfumery, Katyani Exports and Naresh International etc.
In China, there are only several producer located in Jiangxi and Guangdong province, like Sandalwood Forest (cultivate Indian sandalwood in Guangdong), Jinagxi Xuesong and Jiangxi Jishui etc. low-yielding and low quality.
In terms of consumption of sandalwood oil, North America, Europe and India are dominating the consumption market, the sandalwood oils are mainly used in personal care products, cosmetics, perfumes, aromatherapy, Pharmaceuticals and other applications like mosquito coils and incense etc.
This industry is easily affected by the development of the sandalwood. The natural sandalwood trees are decreasing due to illegal felling and procurement of the wood. It will have to rely on the artificial cultivation in the future. And it is possible that the sandalwood oil price will keep a weak down trend in the future, thanks to the strong demand and the success of the artificial cultivation. So it¡¯s important to put an eye to the development of natural and artificial cultivation sandalwood, especially large production country, like Australia, India and , Indonesia and the Pacific Islands.
In 2016, the global sandalwood oil sale volume was 47.5 tons, and it will reach 83.7 tons in 2022, with a CGAR of 9.9% between 2016 and 2022; while the revenue of sandalwood oil was 73.4 million USD in 2016 and it will be 131.8 million USD in 2022, with a CGAR of 10.3% between 2016 and 2022.
The major players in global Sandalwood Oil market include
Quintis (TFS Corporation)(Australia)
Santanol Group (Australia)
RK-Essential Oils Company (India)
Meena Perfumery (India)
Naresh International (India)
Essentially Australia (Australia)
Katyani Exports (India)
KS&DL (Karnataka Soaps & Detergents Limited)(India)
Sandalwood Forest (Qingyuan) (China)
Jiangxi Jishui Natural Essential oil Factory (China)
Jinagxi Xuesong (China)
Geographically, this report is segmented into several key Regions, with production, consumption, revenue, market share and growth rate of Sandalwood Oil in these regions, from 2012 to 2022 (forecast), covering
On the basis of product, the Sandalwood Oil market is primarily split into
Indian Sandalwood Oil
Australian Sandalwood Oil
Others (e.g. Pacific Island sandalwood oil and Indonesian sandalwood oil etc.)
On the basis on the end users/applications, this report covers
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