synthetic sandalwood oil market, Size, Business Opportunities and Industry Forecast to 2027
Market
Dynamics
Increasing
awareness of beauty has fueled the market for sandalwood oil. In addition to
perfumery, sandalwood oil is also used in the cosmetic and personal care
industries as a skin washing oil, anti-wrinkle ingredient, and as a
moisturising agent. This increases its acceptance over the evaluation period in
the beauty and makeup industry. Synthetic sandalwood oil market, along with cosmetics, has a growing
market among consumers for commercial consumer goods such as incense sticks,
room fresheners, fragrance medicinal mixing, and others due to the increasing
demand among natural consumers herbal products rather than synthetic perfumes.
The sandalwood oil multi-utility is expected to develop positively in the
forecast era.
Increases
in the number of working populations in developed countries have contributed to
higher levels of tension, which is tilting customers towards relaxation spas.
Ultimately, this has a beneficial influence on the demand for sandalwood oil
since it is a regularly used aromatherapy essential oil. A significant factor
for the sandalwood oil industry is increasing demand for natural perfume over
synthetic perfume. With the increase in the population's disposable income, the
demand for personal care goods such as aromatic soaps, shampoos and lotions is
growing, driving the growth of the industry.
Key
Players
Doterra
International LLC (Utah), Eden botanicals (US), Plant Therapy Essential Oils
(US), Santanol Group (Australia), Haldin International (Indonesia), Aditi
Essentials (India), Jiangyin Healthway (Japan), Albert Vieille SAS (France),
Kanta Enterprises (India), PerfumersWorld Ltd. (Thailand), Ancient Healer (US),
Vedic Vaani (India), Cliara Essential Oils (Sri Lanka), Khadi Natural (India),
and Sallamander Concepts Pty Ltd (South Africa), are some of the major players in the global synthetic
sandalwood oil market.
Market Segmentation:
The global synthetic sandalwood oil market has been
analyzed based on application, type, and region.
based on type, the global synthetic sandalwood oil
market has been bifurcated as natural and synthetic.
based on application, the global synthetic
sandalwood oil market has been segmented into aromatherapy, pharmaceuticals,
personal care, and others.
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Regional Analysis
Four major regions, including the Asia Pacific, North
America, Europe, and the rest of the world, have been analysed for the global synthetic
sandalwood oil market.
Because of the increased understanding of the
benefits of sandalwood oil in markets such as India, Thailand, and Singapore,
the Asia-Pacific market is expected to dominate the global synthetic sandalwood
oil market. Furthermore, the high disposable income resulting in increased
purchasing power on personal care goods containing different essential oils is
expected to improve the region's synthetic sandalwood oil market.
Because of the increasing demand for products
dependent on natural ingredients, the North American market is expected to
substantially share the sandalwood market. In addition, the growing use of
sandalwood oil in aromatherapy is expected to propel the development of the
region's sandalwood oil industry. In the rest of the world, the global market
for sandalwood oil is projected to expand at a steady pace due to increased
demand for goods dependent on natural ingredients.
NOTE: Our Team of Researchers
are Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
Market and Industries. Cordially get in Touch for More Details.
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