Growing
beauty consciousness has fuelled the demand for sandalwood oil.
Sandalwood oil plays an important role in perfumeries as it has an
exotic woody-floral scent which tempts consumers. Apart from
perfumeries, sandalwood oil is also used as facial cleansing oil,
anti-wrinkle ingredient, and as a moisturizing agent in the cosmetic
and personal care industries. Sandalwood oil has also found usage in
personal care products such as bathing soaps, shampoos, body lotions,
etc. over the years. Sandalwood oil is predominantly produced in Asia
Pacific, particularly in India and Indonesia where sandalwood trees
are abundantly available. Sandalwood oil is predominantly imported by
the U.S. and France due to increased demand for sandalwood oil in
cosmetic products. Increasing application of sandalwood oil is
driving the production and consumption of sandalwood oil across the
world. Along with cosmetics, sandalwood oil has growing demand for
commercial consumer products such as incense sticks, room fresheners,
aroma therapeutic blending etc. due to increasing demand for the
natural aromatic products among the consumers. The multi-utility for
sandalwood oil is anticipated to grow positively in the forecast
period.
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Natural
perfumeries always have a huge demand among the consumers all over
the world. Sandalwood oil is universally traded and supplied to
various industries as it forms an active ingredient. Along with
cosmetics and personal care, sandalwood also processes aroma
therapeutic properties which find its application over massaging and
spa. Sandalwood oil is known for its medicinal application in
treating somatic and mental disorders due to the presence of
α-santalol. Increasing natural cosmetic products and escalating
consumption of aromatic compounds have generated demand for
sandalwood oil. As the seeds of sandalwood are easily available from
the plants and multiplied by natural propagation, the production of
sandalwood oil can be amplified.However, older plants produce higher
sandalwood oil than younger ones. Sandalwood oils are marketed at
expensive prices than other essential oils due to its unique
properties. The sandalwood oil is expected to proliferate in terms of
value & volume due to growing beauty consciousness and widening
hospitality services.
Some
of the major key players of Sandalwood
oil includes Albert Vieille, Doterra International LLC, Eden
Botanicals, Santanol Group, Plant Therapy Essential Oils, Aditi
Essentials, Haldin International, Jiangyin Healthway, Kanta
Enterprises, PerfumersWorld, etc. Several industrialists and cosmetic
and personal care product developers are showing keen interest in
sandalwood oil as there has been a significant increase in its
demand.
As a
natural cosmetic ingredient, sandalwood oil has emerging demand among
the consumers and product developers all over the world. In addition,
sandalwood oil is produced as a food-grade edible oil for cooking
purposes in GCC countries. Due to diversified supply chains all over
the world, it would be anticipated that there would be higher returns
for the investors of sandalwood oil in the future.
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