Product ID: UCMIG30H2009
Sandalwood Market Size, Share, Growth Analysis, By Type(Indian Sandalwood, Australian Sandalwood), By Application(Personal Care, Aromatherapy) - Industry Forecast 2024-2031
Report ID:
UCMIG30H2009 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Sandalwood Market Insights
Market Overview:
A class of wood of trees in the Santalum family is known as sandalwood. Due to sandalwood's numerous medicinal and botanical characteristics, there is an increased demand for it, particularly from the beauty and cosmetics business. In addition, sandalwood extracts have important uses in Ayurvedic medicine. Many conditions, including anxiety, bronchitis, loose stools, fatigue, fever, gallbladder problems, hypertension, acid reflux, a sleeping disorder, liver problems, low moxie, sore throat, and urinary tract infections, are acknowledged to benefit from the use of sandalwood oil. In the upcoming years, the rising demand from a variety of end users, including aromatherapy, medicines, fragrances, and other cosmetics, is projected to contribute to the market's overall growth.
Sandalwood Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Agricultural Products by segment aggregation, the contribution of the Agricultural Products in Food, Beverage & Tobacco and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Sandalwood Market Report Snapshots
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