Reports and Data has recently added a new market research report titled “Sandalwood Oil Market” that offers accurate insights into the Sandalwood Oil market to help readers and clients capitalize on the emerging opportunities in the market during the forecast period. The report also includes an extensive analysis of the key drivers, restraints, opportunities, risks, limitations, and threats to impart a clear understanding of the market dynamics and growth.
Rising demand for sandalwood oil as a result of developing skin and health concerns around the world is expected to drive market revenue growth over the forecast period. Furthermore, increasing acceptance of sandalwood oil in various industries such as pharmaceutical and cosmetics around the world is expected to surge demand. Growing demand for natural aromatic products and increasing adoption of sandalwood oil-based cosmetic products among consumers are expected to drive growth of the market. Furthermore, rising popularity of sandalwood oil among individuals due to numerous skin and health benefits linked with it such as providing clean, bright, and flawless skin, curing skin itching and infections, preventing skin ageing, relieving spasms, and others.
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Consumer goods industry is expected to register significant revenue growth over the forecast period owing to increasing focus on sustainability, increasing penetration of e-commerce channels, and growing emphasis on enhancing customer experience. Growing need to reduce plastic packaging and increasing preference for eco-friendly packaging is also contributing to revenue growth of the market. Companies are focusing on catering to needs and demand of consumers to offer them personalized experience and keep up with the changing consumer demands. Increasing demand for functional foods and growing focus on health and wellness are some other key factors driving market growth.
The report offers updated financial information of the key competitors to offer accurate market insights and offers strategic recommendations. The study covers critical market trends along with an extensive analysis of emerging trends. The report offers a comprehensive overview of the competitive landscape and covers company profiles, production and manufacturing capacity, product portfolio, expansion strategies, and business initiatives such as mergers and acquisitions, joint ventures, collaborations, partnerships, and product launches and brand promotions among others.
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Prominent Players Analyzed in the Report:
- Khadi Natural
- Eden Botanicals
- Aroma Magic
- Ancient Healer
- Plant Therapy Essential Oils
Furthermore, the report divides the Sandalwood Oil market into key segments and sub-segments to offer analysis of the product type, application spectrum, and regional bifurcation of the industry:
Opportunities For Players Operating In The Global Sandalwood Oil Market:
Sandalwood oil is gaining popularity as a natural cosmetic component among consumers and product developers around the world. In addition, in GCC nations, sandalwood oil is produced as a food-grade edible oil for cooking. Sandalwood oil investors should expect bigger returns in the future due to availability of various supply channels.
Also, shift in customer preference from chemical-based products to natural products in various segments such as personal care and cosmetics, might be viewed by sandalwood oil manufacturers as a potential for market expansion. Increasing stress levels has resulted from a large number of people working in developing economies, prompting consumers to seek relaxation at spas. Sandalwood oil is a commonly used essential oil for aromatherapy, which further supports market growth.
Sandalwood Oil Market Segmentation:
Product Type Outlook
- East Indian Sandalwood oil
- New Caledonian Sandalwood oil
- Australian Sandalwood oil
Distribution Channel Outlook
- Specialty stores
- Cosmetics & Personal Care
Regional Analysis Covers:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of Europe)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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