Industry: Consumer Goods
Published Date: 2024-01-06
Pages: 93 Pages
Report ld: 2167000
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Sandalwood Market Size(US$)

CAGR 2024-2030
9.4%
Market Size,2030
USD 502.2
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
Sandalwood, of the genus Santalum, is a genus of woody flowering trees and plants. Most species are semi-parasitic and several produce a highly aromatic wood. The most common species are Indian sandalwood (Santalum album) and Australian sandalwood (Santalum spicatum), although Others species are used for their scent as well.
The global market for Sandalwood was estimated to be worth US$ 265.8 million in 2023 and is forecast to a readjusted size of US$ 502.2 million by 2030 with a CAGR of 9.4% during the forecast period 2024-2030
Australia is the largest Sandalwood market with about 69% market share. India is follower, accounting for about 20% market share.
The key players are Quintis, FPC, WA Sandalwood Plantations, Australian Sandalwood, Santanol Group, KS&DL, Sandalwood Forest etc. Top 3 companies occupied about 72% market share.
MARKET SEGMENTATION
REPORT SCOPE
This report aims to provide a comprehensive presentation of the global market for Sandalwood, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Sandalwood by region & country, by Type, and by Application.
The Sandalwood market size, estimations, and forecasts are provided in terms of sales volume (MT) and sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Sandalwood.
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Sandalwood manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Sandalwood in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Sandalwood in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Market Overview
1.1 Sandalwood Product Introduction
1.2 Global Sandalwood Market Size Forecast
1.2.1 Global Sandalwood Sales Value (2019-2030)
1.2.2 Global Sandalwood Sales Volume (2019-2030)
1.2.3 Global Sandalwood Sales Price (2019-2030)
1.3 Sandalwood Market Trends & Drivers
1.3.1 Sandalwood Industry Trends
1.3.2 Sandalwood Market Drivers & Opportunity
1.3.3 Sandalwood Market Challenges
1.3.4 Sandalwood Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Sandalwood Players Revenue Ranking (2023)
2.2 Global Sandalwood Revenue by Company (2019-2024)
2.3 Global Sandalwood Players Sales Volume Ranking (2023)
2.4 Global Sandalwood Sales Volume by Company Players (2019-2024)
2.5 Global Sandalwood Average Price by Company (2019-2024)
2.6 Key Manufacturers Sandalwood Manufacturing Base Distribution and Headquarters
2.7 Key Manufacturers Sandalwood Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Sandalwood
2.9 Sandalwood Market Competitive Analysis
2.9.1 Sandalwood Market Concentration Rate (2019-2024)
2.9.2 Global 5 and 10 Largest Manufacturers by Sandalwood Revenue in 2023
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Sandalwood as of 2023)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Indian Sandalwood
3.1.2 Australian Sandalwood
3.1.3 Others
3.2 Global Sandalwood Sales Value by Type
3.2.1 Global Sandalwood Sales Value by Type (2019 VS 2023 VS 2030)
3.2.2 Global Sandalwood Sales Value, by Type (2019-2030)
3.2.3 Global Sandalwood Sales Value, by Type (%) (2019-2030)
3.3 Global Sandalwood Sales Volume by Type
3.3.1 Global Sandalwood Sales Volume by Type (2019 VS 2023 VS 2030)
3.3.2 Global Sandalwood Sales Volume, by Type (2019-2030)
3.3.3 Global Sandalwood Sales Volume, by Type (%) (2019-2030)
3.4 Global Sandalwood Average Price by Type (2019-2030)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Personal Care
4.1.2 Aromatherapy
4.1.3 Pharmaceuticals
4.1.4 Sculpture
4.1.5 Furniture
4.1.6 Others
4.2 Global Sandalwood Sales Value by Application
4.2.1 Global Sandalwood Sales Value by Application (2019 VS 2023 VS 2030)
4.2.2 Global Sandalwood Sales Value, by Application (2019-2030)
4.2.3 Global Sandalwood Sales Value, by Application (%) (2019-2030)
4.3 Global Sandalwood Sales Volume by Application
4.3.1 Global Sandalwood Sales Volume by Application (2019 VS 2023 VS 2030)
4.3.2 Global Sandalwood Sales Volume, by Application (2019-2030)
4.3.3 Global Sandalwood Sales Volume, by Application (%) (2019-2030)
4.4 Global Sandalwood Average Price by Application (2019-2030)
5 Segmentation by Region
5.1 Global Sandalwood Sales Value by Region
5.1.1 Global Sandalwood Sales Value by Region: 2019 VS 2023 VS 2030
5.1.2 Global Sandalwood Sales Value by Region (2019-2024)
5.1.3 Global Sandalwood Sales Value by Region (2025-2030)
5.1.4 Global Sandalwood Sales Value by Region (%), (2019-2030)
5.2 Global Sandalwood Sales Volume by Region
5.2.1 Global Sandalwood Sales Volume by Region: 2019 VS 2023 VS 2030
5.2.2 Global Sandalwood Sales Volume by Region (2019-2024)
5.2.3 Global Sandalwood Sales Volume by Region (2025-2030)
5.2.4 Global Sandalwood Sales Volume by Region (%), (2019-2030)
5.3 Global Sandalwood Average Price by Region (2019-2030)
5.4 North America
5.4.1 North America Sandalwood Sales Value, 2019-2030
5.4.2 North America Sandalwood Sales Value by Country (%), 2023 VS 2030
5.5 Europe
5.5.1 Europe Sandalwood Sales Value, 2019-2030
5.5.2 Europe Sandalwood Sales Value by Country (%), 2023 VS 2030
5.6 Asia Pacific
5.6.1 Asia Pacific Sandalwood Sales Value, 2019-2030
5.6.2 Asia Pacific Sandalwood Sales Value by Country (%), 2023 VS 2030
5.7 South America
5.7.1 South America Sandalwood Sales Value, 2019-2030
5.7.2 South America Sandalwood Sales Value by Country (%), 2023 VS 2030
5.8 Middle East & Africa
5.8.1 Middle East & Africa Sandalwood Sales Value, 2019-2030
5.8.2 Middle East & Africa Sandalwood Sales Value by Country (%), 2023 VS 2030
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Sandalwood Sales Value Growth Trends, 2019 VS 2023 VS 2030
6.2 Key Countries/Regions Sandalwood Sales Value
6.2.1 Key Countries/Regions Sandalwood Sales Value, 2019-2030
6.2.2 Key Countries/Regions Sandalwood Sales Volume, 2019-2030
6.3 United States
6.3.1 United States Sandalwood Sales Value, 2019-2030
6.3.2 United States Sandalwood Sales Value by Type (%), 2023 VS 2030
6.3.3 United States Sandalwood Sales Value by Application, 2023 VS 2030
6.4 Europe
6.4.1 Europe Sandalwood Sales Value, 2019-2030
6.4.2 Europe Sandalwood Sales Value by Type (%), 2023 VS 2030
6.4.3 Europe Sandalwood Sales Value by Application, 2023 VS 2030
6.5 China
6.5.1 China Sandalwood Sales Value, 2019-2030
6.5.2 China Sandalwood Sales Value by Type (%), 2023 VS 2030
6.5.3 China Sandalwood Sales Value by Application, 2023 VS 2030
6.6 Japan
6.6.1 Japan Sandalwood Sales Value, 2019-2030
6.6.2 Japan Sandalwood Sales Value by Type (%), 2023 VS 2030
6.6.3 Japan Sandalwood Sales Value by Application, 2023 VS 2030
6.7 South Korea
6.7.1 South Korea Sandalwood Sales Value, 2019-2030
6.7.2 South Korea Sandalwood Sales Value by Type (%), 2023 VS 2030
6.7.3 South Korea Sandalwood Sales Value by Application, 2023 VS 2030
6.8 Southeast Asia
6.8.1 Southeast Asia Sandalwood Sales Value, 2019-2030
6.8.2 Southeast Asia Sandalwood Sales Value by Type (%), 2023 VS 2030
6.8.3 Southeast Asia Sandalwood Sales Value by Application, 2023 VS 2030
6.9 India
6.9.1 India Sandalwood Sales Value, 2019-2030
6.9.2 India Sandalwood Sales Value by Type (%), 2023 VS 2030
6.9.3 India Sandalwood Sales Value by Application, 2023 VS 2030
7 Company Profiles
7.1 Quintis
7.1.1 Quintis Company Information
7.1.2 Quintis Introduction and Business Overview
7.1.3 Quintis Sandalwood Sales, Revenue and Gross Margin (2019-2024)
7.1.4 Quintis Sandalwood Product Offerings
7.1.5 Quintis Recent Development
7.2 FPC
7.2.1 FPC Company Information
7.2.2 FPC Introduction and Business Overview
7.2.3 FPC Sandalwood Sales, Revenue and Gross Margin (2019-2024)
7.2.4 FPC Sandalwood Product Offerings
7.2.5 FPC Recent Development
7.3 WA Sandalwood Plantations
7.3.1 WA Sandalwood Plantations Company Information
7.3.2 WA Sandalwood Plantations Introduction and Business Overview
7.3.3 WA Sandalwood Plantations Sandalwood Sales, Revenue and Gross Margin (2019-2024)
7.3.4 WA Sandalwood Plantations Sandalwood Product Offerings
7.3.5 WA Sandalwood Plantations Recent Development
7.4 Australian Sandalwood
7.4.1 Australian Sandalwood Company Information
7.4.2 Australian Sandalwood Introduction and Business Overview
7.4.3 Australian Sandalwood Sandalwood Sales, Revenue and Gross Margin (2019-2024)
7.4.4 Australian Sandalwood Sandalwood Product Offerings
7.4.5 Australian Sandalwood Recent Development
7.5 Santanol Group
7.5.1 Santanol Group Company Information
7.5.2 Santanol Group Introduction and Business Overview
7.5.3 Santanol Group Sandalwood Sales, Revenue and Gross Margin (2019-2024)
7.5.4 Santanol Group Sandalwood Product Offerings
7.5.5 Santanol Group Recent Development
7.6 KS&DL
7.6.1 KS&DL Company Information
7.6.2 KS&DL Introduction and Business Overview
7.6.3 KS&DL Sandalwood Sales, Revenue and Gross Margin (2019-2024)
7.6.4 KS&DL Sandalwood Product Offerings
7.6.5 KS&DL Recent Development
7.7 Sandalwood Forest
7.7.1 Sandalwood Forest Company Information
7.7.2 Sandalwood Forest Introduction and Business Overview
7.7.3 Sandalwood Forest Sandalwood Sales, Revenue and Gross Margin (2019-2024)
7.7.4 Sandalwood Forest Sandalwood Product Offerings
7.7.5 Sandalwood Forest Recent Development
8 Industry Chain Analysis
8.1 Sandalwood Industrial Chain
8.2 Sandalwood Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Sandalwood Sales Model
8.5.2 Sales Channel
8.5.3 Sandalwood Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.2 Data Source
10.2 Author Details
10.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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Sandalwood, of the genus Santalum, is a genus of woody flowering trees and plants. Most species are semi-parasitic and several produce a highly aromatic wood. The most common species are Indian sandalwood (Santalum album) and Australian sandalwood (Santalum spicatum), although Others species are used for their scent as well.
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Published: 2026-01-31
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The global Sandalwood market size was US$ 385 million in 2025 and is forecast to reach a readjusted size of US$ 702 million by 2032 with a CAGR of 9.0% during the forecast period 2026-2032.
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Sandalwood, of the genus Santalum, is a genus of woody flowering trees and plants. Most species are semi-parasitic and several produce a highly aromatic wood. The most common species are Indian sandalwood (Santalum album) and Australian sandalwood (Santalum spicatum), although Others species are used for their scent as well.
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
REPORT SCOPE
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
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