Global Sandalwood Oil Market Set for Robust Growth Through 2032

The sandalwood oil industry is projected to experience significant growth, with estimates suggesting the market will reach approximately USD 232 million by 2032, up from USD 135.12 million in 2024. This expansion corresponds to a compound annual growth rate (CAGR) of about 6.99% over the period from 2025 to 2032. Driven by its widespread use in personal care, cosmetics, pharmaceuticals, and aromatherapy, sandalwood oil—extracted from the heartwood of sandalwood trees—remains highly sought after for its distinctive woody aroma and therapeutic benefits. Its natural calming effects, anti-inflammatory properties, and traditional medicinal applications, especially within systems like Ayurveda, have fueled consistent global demand. Additionally, increasing consumer preference for natural and plant-based products in skincare and wellness sectors further supports market growth. Looking ahead, the market's outlook remains optimistic, with ongoing demand across beauty and health industries. A notable trend is the shift toward ethically sourced and sustainably produced sandalwood oil, prompted by environmental and conservation concerns. Advances in extraction technology and expanded cultiva...