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Sandalwood Oil Market Share, Trends and Overview in Dynamics | 2024-2030

The Sandalwood Oil Market Shareu00a0was estimated at US$ 126.30 million in 2023, and it is anticipated that total revenue will increase at a rate of 6.99% from 2024 to 2030, reaching over US$ 202.68 million.<br><br>Need More Information? Get additional details here @ https://www.maximizemarketresearch.com/market-report/sandalwood-oil-market/147187/

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Sandalwood Oil Market Share, Trends and Overview in Dynamics | 2024-2030

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  1. Sandalwood Oil MarketGlobal Analysis Report 2024-2030 Published by: Harshada, Marketing Head

  2. Market Size & Overview: The Sandalwood Oil Market is experiencing steady growth, driven by its extensive use in cosmetics, aromatherapy, and pharmaceuticals. The increasing demand for natural and organic ingredients in personal care products has significantly contributed to market expansion. The market is further fueled by the rising consumer preference for luxury fragrances and therapeutic essential oils.

  3. Market Growth & Opportunities The market is witnessing growth due to the rising popularity of traditional and alternative medicine, where sandalwood oil is valued for its anti-inflammatory and antiseptic properties. The increasing adoption of sustainable sandalwood cultivation practices and government initiatives supporting essential oil production provide further opportunities. Additionally, the expanding perfumery and skincare industries are creating strong demand for premium-grade sandalwood oil. Sample Request

  4. Market Segmentation by Application • Personal Care • Pharmaceutical • Aromatherapy by Type • Natural • Lab Created

  5. Regional Analysis: • North America: The region sees rising demand for sandalwood oil in cosmetics and aromatherapy, driven by a growing preference for organic and natural products. • Europe: A strong market presence is noted due to the increasing use of essential oils in personal care and therapeutic applications, particularly in countries like Germany and France. • APAC: The largest producer and consumer, with India and Australia leading the market due to the abundance of sandalwood plantations and cultural significance of sandalwood-based products.

  6. Regional Analysis Customized Report Request

  7. Merges and Acquisition • Quintis acquired Santanol Group to strengthen its position in the sustainable sandalwood oil industry. • TFS Corporation merged with Santanol Group to enhance sandalwood oil production and global distribution. • Doterraexpanded its essential oil portfolio by acquiring sustainable sandalwood oil sources to meet growing consumer demand.

  8. Thank You Get In Touch with US: MAXIMIZE MARKET RESEARCH PVT. LTD. 3rd Floor, Navale IT park Phase 2, Pune Banglore Highway, Narhe Pune, Maharashtra 411041, India. +91 9607365656 sales@maximizemarketresearch.com

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