Sandalwood is a type of wood that comes from the Santalum genus of plants. The woods are heavy, golden, and fine-grained, and they hold their fragrance for decades, unlike many other aromatic woods. The woods are used to obtain Indian Sandalwood Oil (Santalum Album).
MARKET DYNAMICS
Sandalwood extracts are in high demand, especially in the beauty and cosmetics industry, due to the variety of medical and botanical properties of the wood. For a long time, sandalwood extracts have been employed in Ayurvedic medicine. Sandalwood oil is used to treat tension, bronchitis, loose bowels, exhaustion, fever, gallbladder issues, and other physical and mental illnesses. In the next years, rising demand from various end-users such as aromatherapy, medicines, fragrances, and other cosmetics is expected to help the entire market grow.
MARKET SCOPE
The "Global Sandalwood Extract Market Analysis to 2028" is a specialized and in-depth study of the chemicals & materials industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the sandalwood extract market with detailed market segmentation by type and application. The global sandalwood extract market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading sandalwood extract market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global sandalwood extract market is segmented into type and application. By type, the sandalwood extract market is classified into natural and synthetic. By application, the sandalwood extract market is classified into personal care, aromatherapy, pharmaceuticals, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global sandalwood extract market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The sandalwood extract market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the sandalwood extract market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the sandalwood extract market in these regions.
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The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global sandalwood extract market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The sandalwood extract market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the sandalwood extract market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the sandalwood extract market in these regions.
MARKET PLAYERS
The report covers vital developments in the sandalwood extract market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the sandalwood extract market are anticipated to witness lucrative growth opportunities in the future with the rising demand for sandalwood extract in the global market. Below mentioned is the list of few companies engaged in the sandalwood extract market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the sandalwood extract market. Besides, the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
- Jiangxi Xuesong
- Jiangxi Jishui Natural Essential Oil Factory
- Sandalwood Forest
- KS&DL
- Essentially Australia
- Katyani Exports
- Naresh International
- RK-Essential Oils Company
- Santol Group
- Quintis
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Sandalwood Extract Market - By Type
1.3.2 Sandalwood Extract Market - By Application
1.3.3 Sandalwood Extract Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SANDALWOOD EXTRACT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. SANDALWOOD EXTRACT MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. SANDALWOOD EXTRACT MARKET - GLOBAL MARKET ANALYSIS
6.1. SANDALWOOD EXTRACT - GLOBAL MARKET OVERVIEW
6.2. SANDALWOOD EXTRACT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SANDALWOOD EXTRACT MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. NATURAL
7.3.1. Overview
7.3.2. Natural Market Forecast and Analysis
7.4. SYNTHETIC
7.4.1. Overview
7.4.2. Synthetic Market Forecast and Analysis
8. SANDALWOOD EXTRACT MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. PERSONAL CARE
8.3.1. Overview
8.3.2. Personal Care Market Forecast and Analysis
8.4. AROMATHERAPY
8.4.1. Overview
8.4.2. Aromatherapy Market Forecast and Analysis
8.5. PHARMACEUTICALS
8.5.1. Overview
8.5.2. Pharmaceuticals Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. SANDALWOOD EXTRACT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Sandalwood Extract Market Overview
9.1.2 North America Sandalwood Extract Market Forecasts and Analysis
9.1.3 North America Sandalwood Extract Market Forecasts and Analysis - By Type
9.1.4 North America Sandalwood Extract Market Forecasts and Analysis - By Application
9.1.5 North America Sandalwood Extract Market Forecasts and Analysis - By Countries
9.1.5.1 United States Sandalwood Extract Market
9.1.5.1.1 United States Sandalwood Extract Market by Type
9.1.5.1.2 United States Sandalwood Extract Market by Application
9.1.5.2 Canada Sandalwood Extract Market
9.1.5.2.1 Canada Sandalwood Extract Market by Type
9.1.5.2.2 Canada Sandalwood Extract Market by Application
9.1.5.3 Mexico Sandalwood Extract Market
9.1.5.3.1 Mexico Sandalwood Extract Market by Type
9.1.5.3.2 Mexico Sandalwood Extract Market by Application
9.2. EUROPE
9.2.1 Europe Sandalwood Extract Market Overview
9.2.2 Europe Sandalwood Extract Market Forecasts and Analysis
9.2.3 Europe Sandalwood Extract Market Forecasts and Analysis - By Type
9.2.4 Europe Sandalwood Extract Market Forecasts and Analysis - By Application
9.2.5 Europe Sandalwood Extract Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Sandalwood Extract Market
9.2.5.1.1 Germany Sandalwood Extract Market by Type
9.2.5.1.2 Germany Sandalwood Extract Market by Application
9.2.5.2 France Sandalwood Extract Market
9.2.5.2.1 France Sandalwood Extract Market by Type
9.2.5.2.2 France Sandalwood Extract Market by Application
9.2.5.3 Italy Sandalwood Extract Market
9.2.5.3.1 Italy Sandalwood Extract Market by Type
9.2.5.3.2 Italy Sandalwood Extract Market by Application
9.2.5.4 United Kingdom Sandalwood Extract Market
9.2.5.4.1 United Kingdom Sandalwood Extract Market by Type
9.2.5.4.2 United Kingdom Sandalwood Extract Market by Application
9.2.5.5 Russia Sandalwood Extract Market
9.2.5.5.1 Russia Sandalwood Extract Market by Type
9.2.5.5.2 Russia Sandalwood Extract Market by Application
9.2.5.6 Rest of Europe Sandalwood Extract Market
9.2.5.6.1 Rest of Europe Sandalwood Extract Market by Type
9.2.5.6.2 Rest of Europe Sandalwood Extract Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Sandalwood Extract Market Overview
9.3.2 Asia-Pacific Sandalwood Extract Market Forecasts and Analysis
9.3.3 Asia-Pacific Sandalwood Extract Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Sandalwood Extract Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Sandalwood Extract Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Sandalwood Extract Market
9.3.5.1.1 Australia Sandalwood Extract Market by Type
9.3.5.1.2 Australia Sandalwood Extract Market by Application
9.3.5.2 China Sandalwood Extract Market
9.3.5.2.1 China Sandalwood Extract Market by Type
9.3.5.2.2 China Sandalwood Extract Market by Application
9.3.5.3 India Sandalwood Extract Market
9.3.5.3.1 India Sandalwood Extract Market by Type
9.3.5.3.2 India Sandalwood Extract Market by Application
9.3.5.4 Japan Sandalwood Extract Market
9.3.5.4.1 Japan Sandalwood Extract Market by Type
9.3.5.4.2 Japan Sandalwood Extract Market by Application
9.3.5.5 South Korea Sandalwood Extract Market
9.3.5.5.1 South Korea Sandalwood Extract Market by Type
9.3.5.5.2 South Korea Sandalwood Extract Market by Application
9.3.5.6 Rest of Asia-Pacific Sandalwood Extract Market
9.3.5.6.1 Rest of Asia-Pacific Sandalwood Extract Market by Type
9.3.5.6.2 Rest of Asia-Pacific Sandalwood Extract Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Sandalwood Extract Market Overview
9.4.2 Middle East and Africa Sandalwood Extract Market Forecasts and Analysis
9.4.3 Middle East and Africa Sandalwood Extract Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Sandalwood Extract Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Sandalwood Extract Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Sandalwood Extract Market
9.4.5.1.1 South Africa Sandalwood Extract Market by Type
9.4.5.1.2 South Africa Sandalwood Extract Market by Application
9.4.5.2 Saudi Arabia Sandalwood Extract Market
9.4.5.2.1 Saudi Arabia Sandalwood Extract Market by Type
9.4.5.2.2 Saudi Arabia Sandalwood Extract Market by Application
9.4.5.3 U.A.E Sandalwood Extract Market
9.4.5.3.1 U.A.E Sandalwood Extract Market by Type
9.4.5.3.2 U.A.E Sandalwood Extract Market by Application
9.4.5.4 Rest of Middle East and Africa Sandalwood Extract Market
9.4.5.4.1 Rest of Middle East and Africa Sandalwood Extract Market by Type
9.4.5.4.2 Rest of Middle East and Africa Sandalwood Extract Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Sandalwood Extract Market Overview
9.5.2 South and Central America Sandalwood Extract Market Forecasts and Analysis
9.5.3 South and Central America Sandalwood Extract Market Forecasts and Analysis - By Type
9.5.4 South and Central America Sandalwood Extract Market Forecasts and Analysis - By Application
9.5.5 South and Central America Sandalwood Extract Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Sandalwood Extract Market
9.5.5.1.1 Brazil Sandalwood Extract Market by Type
9.5.5.1.2 Brazil Sandalwood Extract Market by Application
9.5.5.2 Argentina Sandalwood Extract Market
9.5.5.2.1 Argentina Sandalwood Extract Market by Type
9.5.5.2.2 Argentina Sandalwood Extract Market by Application
9.5.5.3 Rest of South and Central America Sandalwood Extract Market
9.5.5.3.1 Rest of South and Central America Sandalwood Extract Market by Type
9.5.5.3.2 Rest of South and Central America Sandalwood Extract Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SANDALWOOD EXTRACT MARKET, KEY COMPANY PROFILES
11.1. JIANGXI XUESONG
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. JIANGXI JISHUI NATURAL ESSENTIAL OIL FACTORY
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. SANDALWOOD FOREST
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. KS AND DL
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. ESSENTIALLY AUSTRALIA
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. KATYANI EXPORTS
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NARESH INTERNATIONAL
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. RK-ESSENTIAL OILS COMPANY
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SANTOL GROUP
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. QUINTIS
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Jiangxi Xuesong
2. Jiangxi Jishui Natural Essential Oil Factory
3. Sandalwood Forest
4. KS and DL
5. Essentially Australia
6. Katyani Exports
7. Naresh International
8. RK-Essential Oils Company
9. Santol Group
10. Quintis
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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