According to Our Research analysis,in 2016, the global sandalwood oil sale volume was 47.5 tons, and it will reach 83 tons in 2022, with a CGAR of 9.9% between 2016 and 2022; while the revenue of sandalwood oil was 73.3 million USD in 2016 and it will be 131 million USD in 2022, with a CGAR of 10.3% between 2016 and 2022.
Based on type, the market can be divided into Indian Sandalwood Oil, Australian Sandalwood Oil and others. Indian Sandalwood Oil was the largest segment in the sandalwood oil market, accounting for nearly 85% share in 2016.
Furthermore, the application segment of global sandalwood oil market can be diversified into Personal care, Aromatherapy, Pharmaceuticals and others. Globally, Aromatherapy was the predominant application segment, accounting for about 46% share in the global sandalwood oil market in 2016.
The global sandalwood oil concentration rate is relatively low; the manufacturers are mainly…