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Report overview
The global Agarwood Essential Oil market was valued at US$ 136.3 million in 2022 and is projected to reach US$ 170.6 million by 2029, at a CAGR of 3.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Agarwood, also known as Aloeswood is one of the most precious, rare and most expensive essential oil in existence today. The production of resin can take many years in the wild, like a good wine. Due to its huge cost and extreme rarity in the wild, trees are now cultivated and the resin is actually created artificially and then extracted by water distillation. Agarwood plantations have been developed in a number of countries, such as Sri Lanka and Malyasia as commercial crops specially to produce agar wood essential oils. Agarwood essential oil has a religious, traditional as well as cultural uses in many parts of the world. Superior quality agar wood is one of the most costly raw material in the world which makes agar wood essential oils among the expensive essential oil available commercially.
This report aims to provide a comprehensive presentation of the global market for Agarwood Essential Oil, 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 Essential Oil. This report contains market size and forecasts of Agarwood Essential Oil in global, including the following market information:
Key demand of Agarwood Essential Oil is driven by innovative application in personal use and pharmaceutical industry. Increasing consumer preference for natural cosmetic products & high quality aromatic fragrances is driving the market growth. The rising popularity of agarwood essential oil in aromatherapy for therapeutic effects, is creating a huge demand worldwide.
We surveyed the Agarwood Essential Oil manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Agarwood Essential Oil Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Agarwood Essential Oil Market Segment Percentages, by Type, 2022 (%)
Natural Agarwood Essential Oil
Organic Agarwood Essential Oil
Global Agarwood Essential Oil Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Agarwood Essential Oil Market Segment Percentages, by Application, 2022 (%)
Cosmetics & Personal Care
Incense
Therapeutics
Others
Global Agarwood Essential Oil Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Agarwood Essential Oil Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Agarwood Essential Oil revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Agarwood Essential Oil revenues share in global market, 2022 (%)
Key companies Agarwood Essential Oil sales in global market, 2018-2023 (Estimated), (K MT)
Key companies Agarwood Essential Oil sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Ji?an Zhongxiang Natural Plants
Maruti Natural Fragrances
Xi?an Natural Field Bio-Technique
Hoang Giang Agarwood Company Limited
Outline of Major Chapters:
Chapter 1: Introduces the definition of Agarwood Essential Oil, market overview.
Chapter 2: Global Agarwood Essential Oil market size in revenue and volume.
Chapter 3: Detailed analysis of Agarwood Essential Oil manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: 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 6: Sales of Agarwood Essential Oil 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 of each country in the world.
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: Global Agarwood Essential Oil capacity by region & country.
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: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
