The global Sandalwood market size is projected to reach USD 0.53 billion by 2029

Sandalwood, of the genus Santalum, is a genus of woody flowering trees and plants. Most species are semi-parasitic and several produce a highly aromatic wood. The most common species are Indian sandalwood (Santalum album) and Australian sandalwood (Santalum spicatum), although other species are used for their scent as well.

According to the new market research report “Global Sandalwood Market Report 2023-2029”, published by GlobalInfoResearch, the global Sandalwood market size is projected to reach USD 0.53 billion by 2029, at a CAGR of 8.7% during the forecast period.

• Global Sandalwood MarketSize(US$ Million), 2018-2029

Source: GlobalInfoResearch, “Global Sandalwood Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029”.

• Global Sandalwood Top7Players Ranking and Market Share（Based on data of 2021, Continually updated）

Source: GlobalInfoResearch, “Global Sandalwood Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029”.

The global key manufacturers of Sandalwood include Quintis, WA Sandalwood Plantations, FPC, Santanol Group, KS&DL, etc. In 2021, the global top four players had a share approximately 59.0% in terms of revenue.

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