Global Sandalwood Oil Market to Reach $160.2 Million by 2027
Amid the COVID-19 crisis, the global market for Sandalwood Oil estimated at US$87.3 Million in the year 2020, is projected to reach a revised size of US$160.2 Million by 2027, growing at a CAGR of 9.1% over the period 2020-2027.
The U.S. Market is Estimated at $23.6 Million, While China is Forecast to Grow at 12.1% CAGR
The Sandalwood Oil market in the U.S. is estimated at US$23.6 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$33.5 Million by the year 2027 trailing a CAGR of 12.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.2% and 7.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.1% CAGR.We bring years of research experience to this 8th edition of our report. The 137-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Karnataka Soaps & Detergents Limited
- Katyani Exports
- Quintis (Australia) Pty Ltd.
- R K
Essential Oils Company
- Santanol Group