How Big is the Sandalwood Oil Market | Insights, Forecast & Growth Analysis 2025

Code: MTA8832 Publication Date: Sep 2025

What is the size of Sandalwood Oil Market?

According to 6Wresearch internal database and industry insights, the Global Sandalwood Oil Market was valued at USD 0.64 Billion in 2024 and is expected to reach USD 0.91 Billion by 2031, growing at a compound annual growth rate of 5.10% during the forecast period (2025-2031).

The rising demand for natural essential oils in cosmetics aromatherapy and personal care, combined with increasing applications in pharmaceuticals and wellness products, are some of the major drivers fueling the market growth.

Key Growth Drivers of the Sandalwood Oil Market

  • Growing consumer demand in the personal care, fragrance, and cosmetics sectors
  • Increasing uses in alternative medicine and aromatherapy
  • Rising consumer preference for herbal and natural ingredients
  • Growing usage of sandalwood oil in medicine and pharmaceuticals
  • Expanding use in the market for luxury goods and upscale fragrances

Sandalwood Oil Market Trends

Sandalwood Oil Market is witnessing significant growth trends such as the increasing use of natural essential oils in organic cosmetics and premium perfumes. Growing wellness and self-care trends that use aromatherapy are also helping the market. Furthermore, due to its medicinal properties, sandalwood oil is becoming more and more popular in the pharmaceutical industry. To satisfy growing demand, businesses are concentrating on ethical harvesting and sustainable sourcing methods. Furthermore, in certain markets, the rise of synthetic alternatives is affecting pricing and adoption trends. The market is expanding even faster due to rising demand from Asian markets, where sandalwood oil has traditional and cultural significance.

Emerging Developments in the Sandalwood Oil Market

Emerging developments in the Sandalwood Oil Market include advancements in sustainable cultivation techniques and investments in plantation projects to ensure long-term supply. Research is progressing in bio-based extraction technologies to improve oil yield and purity. Collaborations between cosmetic brands and essential oil suppliers are expanding product innovation. Increasing certification and quality standardization are enhancing consumer confidence. Furthermore, the growing integration of sandalwood oil into luxury skincare and high-value wellness products is expanding the market scope. Additionally, e-commerce channels and digital platforms are crucial in expanding sandalwood oil products' worldwide accessibility and customer base.

List of Leading Companies in the Sandalwood Oil Market

Some of the leading companies include:

  • Quintis Sandalwood Ltd.
  • TFS Corporation Ltd.
  • RK Essential Oils Company
  • Santanol Group
  • Eden Botanicals
  • Veda Oils
  • Katyani Exports
  • New Directions Aromatics Inc.
  • Blue Bell Fragrances
  • Meena Perfumery

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