Industry: Chemical & Material
Published Date: 2025-08-06
Pages: 105 Pages
Report ld: 4156846
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Agarwood Chip Market Size(US$)

CAGR 2025-2031
2.7%
Market Size,2031
USD 135
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global market for Agarwood Chip was valued at US$ 109 million in the year 2024 and is projected to reach a revised size of US$ 135 million by 2031, growing at a CAGR of 2.7% during the forecast period.
The 2025 U.S. tariff policies introduce profound uncertainty into the global economic landscape. This report critically examines the implications of recent tariff adjustments and international strategic countermeasures on Agarwood Chip competitive dynamics, regional economic interdependencies, and supply chain reconfigurations.
Agarwood chips refer to the flaky incense materials that are cut and trimmed after the agarwood tree (mainly the Aquilaria genus of the Thymelaeaceae family, such as white agarwood and Wanxiang) forms resin and incense under natural or human factors. It has a hard texture, rich oil, and a unique fragrance. When burned or heated, it can emit multi-layered natural aromas such as sweet, cool, woody, floral or medicinal. Agarwood chips are one of the most common forms of agarwood applications and are widely used in incense, incense, offering to Buddha, medicine, collection and other fields. The value of agarwood chips varies greatly depending on the origin, oil content and aroma characteristics. Top-grade agarwood chips, such as "Qinan chips", often have extremely high density, can sink in water, and have a subtle and mellow aroma. They are treasures in the incense culture and high-end spice market.
The agarwood chip market has shown a steady growth trend in recent years, driven by religious beliefs, the revival of traditional culture, and the rising demand for high-end incense products. In China, Japan, the Middle East and Southeast Asia, agarwood is widely used in religious offerings, incense rituals, traditional Chinese medicine and the high-end gift market. As a representative product of agarwood raw materials, agarwood chips have a steady growth in demand. Especially in mainland China and Hong Kong, Macao and Taiwan, with the popularization of incense culture, consumers' awareness of the quality of natural agarwood has continued to improve, driving the market from popular agarwood to high-end agarwood chips and other rare grades. At the same time, the Middle East has also formed a strong import demand due to the high attention paid to agarwood in Islamic culture, driving the export growth of Southeast Asian agarwood producing areas (such as Vietnam, Laos, and Indonesia).
REPORT SCOPE
This report aims to provide a comprehensive presentation of the global market for Agarwood Chip, 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 Agarwood Chip.
The Agarwood Chip market size, estimations, and forecasts are provided in terms of output/shipments (Tons) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Agarwood Chip market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Agarwood Chip manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
By Company
HAGA Oud
Binh Nghia Agarwood
Meena Perfumery
Lao Agar Int'l Development
Agarvina
Nhang Thien
Green Agro Agarwood Products
Assam Aromas
Ori Oud Asia
Oudandmusk
Sadaharitha Plantations
Lifa Fragrance
YUZHI OUD
Hainan Xiangshu Agarwood Industry Group
Segment by Type
Huian Agarwood
Xingzhou Agarwood
Qinan Agarwood
Segment by Application
Pharmaceuticals
Cosmetics
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Europe
Germany
France
U.K.
Italy
Russia
Latin America
Mexico
Brazil
Argentina
Middle East and Africa
Turkey
Saudi Arabia
U.A.E
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Agarwood Chip manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Agarwood Chip by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Agarwood Chip in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: 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 6: 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 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces 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 10: The main points and conclusions of the report.
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 Agarwood Chip Market Overview
1.1 Product Definition
1.2 Agarwood Chip by Type
1.2.1 Global Agarwood Chip Market Value Growth Rate Analysis by Type: 2024 VS 2031
1.2.2 Huian Agarwood
1.2.3 Xingzhou Agarwood
1.2.4 Qinan Agarwood
1.3 Agarwood Chip by Application
1.3.1 Global Agarwood Chip Market Value Growth Rate Analysis by Application: 2024 VS 2031
1.3.2 Pharmaceuticals
1.3.3 Cosmetics
1.3.4 Others
1.4 Global Market Growth Prospects
1.4.1 Global Agarwood Chip Production Value Estimates and Forecasts (2020-2031)
1.4.2 Global Agarwood Chip Production Capacity Estimates and Forecasts (2020-2031)
1.4.3 Global Agarwood Chip Production Estimates and Forecasts (2020-2031)
1.4.4 Global Agarwood Chip Market Average Price Estimates and Forecasts (2020-2031)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Agarwood Chip Production Market Share by Manufacturers (2020-2025)
2.2 Global Agarwood Chip Production Value Market Share by Manufacturers (2020-2025)
2.3 Global Key Players of Agarwood Chip, Industry Ranking, 2023 VS 2024
2.4 Global Agarwood Chip Company Type and Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Agarwood Chip Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of Agarwood Chip, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Agarwood Chip, Product Offered and Application
2.8 Global Key Manufacturers of Agarwood Chip, Date of Enter into This Industry
2.9 Agarwood Chip Market Competitive Situation and Trends
2.9.1 Agarwood Chip Market Concentration Rate
2.9.2 Global 5 and 10 Largest Agarwood Chip Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Agarwood Chip Production by Region
3.1 Global Agarwood Chip Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global Agarwood Chip Production Value by Region (2020-2031)
3.2.1 Global Agarwood Chip Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of Agarwood Chip by Region (2026-2031)
3.3 Global Agarwood Chip Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global Agarwood Chip Production Volume by Region (2020-2031)
3.4.1 Global Agarwood Chip Production by Region (2020-2025)
3.4.2 Global Forecasted Production of Agarwood Chip by Region (2026-2031)
3.5 Global Agarwood Chip Market Price Analysis by Region (2020-2025)
3.6 Global Agarwood Chip Production and Value, Year-over-Year Growth
3.6.1 North America Agarwood Chip Production Value Estimates and Forecasts (2020-2031)
3.6.2 Europe Agarwood Chip Production Value Estimates and Forecasts (2020-2031)
3.6.3 China Agarwood Chip Production Value Estimates and Forecasts (2020-2031)
3.6.4 Japan Agarwood Chip Production Value Estimates and Forecasts (2020-2031)
4 Agarwood Chip Consumption by Region
4.1 Global Agarwood Chip Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global Agarwood Chip Consumption by Region (2020-2031)
4.2.1 Global Agarwood Chip Consumption by Region (2020-2025)
4.2.2 Global Agarwood Chip Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America Agarwood Chip Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America Agarwood Chip Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Agarwood Chip Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe Agarwood Chip Consumption by Country (2020-2031)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Agarwood Chip Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific Agarwood Chip Consumption by Region (2020-2031)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Agarwood Chip Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa Agarwood Chip Consumption by Country (2020-2031)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global Agarwood Chip Production by Type (2020-2031)
5.1.1 Global Agarwood Chip Production by Type (2020-2025)
5.1.2 Global Agarwood Chip Production by Type (2026-2031)
5.1.3 Global Agarwood Chip Production Market Share by Type (2020-2031)
5.2 Global Agarwood Chip Production Value by Type (2020-2031)
5.2.1 Global Agarwood Chip Production Value by Type (2020-2025)
5.2.2 Global Agarwood Chip Production Value by Type (2026-2031)
5.2.3 Global Agarwood Chip Production Value Market Share by Type (2020-2031)
5.3 Global Agarwood Chip Price by Type (2020-2031)
6 Segment by Application
6.1 Global Agarwood Chip Production by Application (2020-2031)
6.1.1 Global Agarwood Chip Production by Application (2020-2025)
6.1.2 Global Agarwood Chip Production by Application (2026-2031)
6.1.3 Global Agarwood Chip Production Market Share by Application (2020-2031)
6.2 Global Agarwood Chip Production Value by Application (2020-2031)
6.2.1 Global Agarwood Chip Production Value by Application (2020-2025)
6.2.2 Global Agarwood Chip Production Value by Application (2026-2031)
6.2.3 Global Agarwood Chip Production Value Market Share by Application (2020-2031)
6.3 Global Agarwood Chip Price by Application (2020-2031)
7 Key Companies Profiled
7.1 HAGA Oud
7.1.1 HAGA Oud Agarwood Chip Company Information
7.1.2 HAGA Oud Agarwood Chip Product Portfolio
7.1.3 HAGA Oud Agarwood Chip Production, Value, Price and Gross Margin (2020-2025)
7.1.4 HAGA Oud Main Business and Markets Served
7.1.5 HAGA Oud Recent Developments/Updates
7.2 Binh Nghia Agarwood
7.2.1 Binh Nghia Agarwood Agarwood Chip Company Information
7.2.2 Binh Nghia Agarwood Agarwood Chip Product Portfolio
7.2.3 Binh Nghia Agarwood Agarwood Chip Production, Value, Price and Gross Margin (2020-2025)
7.2.4 Binh Nghia Agarwood Main Business and Markets Served
7.2.5 Binh Nghia Agarwood Recent Developments/Updates
7.3 Meena Perfumery
7.3.1 Meena Perfumery Agarwood Chip Company Information
7.3.2 Meena Perfumery Agarwood Chip Product Portfolio
7.3.3 Meena Perfumery Agarwood Chip Production, Value, Price and Gross Margin (2020-2025)
7.3.4 Meena Perfumery Main Business and Markets Served
7.3.5 Meena Perfumery Recent Developments/Updates
7.4 Lao Agar Int'l Development
7.4.1 Lao Agar Int'l Development Agarwood Chip Company Information
7.4.2 Lao Agar Int'l Development Agarwood Chip Product Portfolio
7.4.3 Lao Agar Int'l Development Agarwood Chip Production, Value, Price and Gross Margin (2020-2025)
7.4.4 Lao Agar Int'l Development Main Business and Markets Served
7.4.5 Lao Agar Int'l Development Recent Developments/Updates
7.5 Agarvina
7.5.1 Agarvina Agarwood Chip Company Information
7.5.2 Agarvina Agarwood Chip Product Portfolio
7.5.3 Agarvina Agarwood Chip Production, Value, Price and Gross Margin (2020-2025)
7.5.4 Agarvina Main Business and Markets Served
7.5.5 Agarvina Recent Developments/Updates
7.6 Nhang Thien
7.6.1 Nhang Thien Agarwood Chip Company Information
7.6.2 Nhang Thien Agarwood Chip Product Portfolio
7.6.3 Nhang Thien Agarwood Chip Production, Value, Price and Gross Margin (2020-2025)
7.6.4 Nhang Thien Main Business and Markets Served
7.6.5 Nhang Thien Recent Developments/Updates
7.7 Green Agro Agarwood Products
7.7.1 Green Agro Agarwood Products Agarwood Chip Company Information
7.7.2 Green Agro Agarwood Products Agarwood Chip Product Portfolio
7.7.3 Green Agro Agarwood Products Agarwood Chip Production, Value, Price and Gross Margin (2020-2025)
7.7.4 Green Agro Agarwood Products Main Business and Markets Served
7.7.5 Green Agro Agarwood Products Recent Developments/Updates
7.8 Assam Aromas
7.8.1 Assam Aromas Agarwood Chip Company Information
7.8.2 Assam Aromas Agarwood Chip Product Portfolio
7.8.3 Assam Aromas Agarwood Chip Production, Value, Price and Gross Margin (2020-2025)
7.8.4 Assam Aromas Main Business and Markets Served
7.8.5 Assam Aromas Recent Developments/Updates
7.9 Ori Oud Asia
7.9.1 Ori Oud Asia Agarwood Chip Company Information
7.9.2 Ori Oud Asia Agarwood Chip Product Portfolio
7.9.3 Ori Oud Asia Agarwood Chip Production, Value, Price and Gross Margin (2020-2025)
7.9.4 Ori Oud Asia Main Business and Markets Served
7.9.5 Ori Oud Asia Recent Developments/Updates
7.10 Oudandmusk
7.10.1 Oudandmusk Agarwood Chip Company Information
7.10.2 Oudandmusk Agarwood Chip Product Portfolio
7.10.3 Oudandmusk Agarwood Chip Production, Value, Price and Gross Margin (2020-2025)
7.10.4 Oudandmusk Main Business and Markets Served
7.10.5 Oudandmusk Recent Developments/Updates
7.11 Sadaharitha Plantations
7.11.1 Sadaharitha Plantations Agarwood Chip Company Information
7.11.2 Sadaharitha Plantations Agarwood Chip Product Portfolio
7.11.3 Sadaharitha Plantations Agarwood Chip Production, Value, Price and Gross Margin (2020-2025)
7.11.4 Sadaharitha Plantations Main Business and Markets Served
7.11.5 Sadaharitha Plantations Recent Developments/Updates
7.12 Lifa Fragrance
7.12.1 Lifa Fragrance Agarwood Chip Company Information
7.12.2 Lifa Fragrance Agarwood Chip Product Portfolio
7.12.3 Lifa Fragrance Agarwood Chip Production, Value, Price and Gross Margin (2020-2025)
7.12.4 Lifa Fragrance Main Business and Markets Served
7.12.5 Lifa Fragrance Recent Developments/Updates
7.13 YUZHI OUD
7.13.1 YUZHI OUD Agarwood Chip Company Information
7.13.2 YUZHI OUD Agarwood Chip Product Portfolio
7.13.3 YUZHI OUD Agarwood Chip Production, Value, Price and Gross Margin (2020-2025)
7.13.4 YUZHI OUD Main Business and Markets Served
7.13.5 YUZHI OUD Recent Developments/Updates
7.14 Hainan Xiangshu Agarwood Industry Group
7.14.1 Hainan Xiangshu Agarwood Industry Group Agarwood Chip Company Information
7.14.2 Hainan Xiangshu Agarwood Industry Group Agarwood Chip Product Portfolio
7.14.3 Hainan Xiangshu Agarwood Industry Group Agarwood Chip Production, Value, Price and Gross Margin (2020-2025)
7.14.4 Hainan Xiangshu Agarwood Industry Group Main Business and Markets Served
7.14.5 Hainan Xiangshu Agarwood Industry Group Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Agarwood Chip Industry Chain Analysis
8.2 Agarwood Chip Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Agarwood Chip Production Mode & Process Analysis
8.4 Agarwood Chip Sales and Marketing
8.4.1 Agarwood Chip Sales Channels
8.4.2 Agarwood Chip Distributors
8.5 Agarwood Chip Customer Analysis
9 Agarwood Chip Market Dynamics
9.1 Agarwood Chip Industry Trends
9.2 Agarwood Chip Market Drivers
9.3 Agarwood Chip Market Challenges
9.4 Agarwood Chip Market Restraints
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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TABLE OF FIGURES
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