Global Agarwood Essential Oil Market by Category, Applications, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026

The global agarwood essential oil market is expected to reach USD 201.03 million by 2026, expanding at a CAGR of around 5.92% during the forecast period, 2020–2026. Derived from agarwood tree, agarwood essential oil is an aromatic oil.

It is extensively used in healing and spiritual purposes worldwide. The healing attributes of the oil help in promoting proper digestion, repair damaged skin, relieve allergies, treat insomnia and acne, and relieve joint pain. It is extensively used in applications such as cosmetics, perfumes, aromatherapy, and pharmaceuticals. Popular agarwood oil species include aquilaria malaccensis and aquilaria agallocha or aquilaria crassna which are used to make the oil. Trees from which agarwood oil is obtained are cultivated and with the help of artificial intelligence, resins are created and essential oil is extracted by water distillation. The quality if the grades obtained is dependent on the length of distillation and grade of wood used. Higher grade obtained is directly proportional to the distillation time.

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Competitive Landscape:

Major companies in the global agarwood essential oil market include Biolandes SAS, Tien Phuoc Co Ltd, Hoang Giang Agarwood Ltd, Dauper S.A, Katyani Exports, Gritman Essential Oils, Essential Oil Wizardry, Biofinest USA, Nusaroma, The Imperial Oud Co, Deve Herbes, HYSSES Pte Ltd, WEFIVE group, Asia Plantation Capital Pte Ltd, Albert Vieille SAS, The MJI Group, Ji’an Zhongxiang Natural Plants Co Ltd, Agarvina Co Ltd, Edens Garden, and Assam Aromas.

Gritman Essential Oils is one of the leading marketeers in the global agarwood essential market. It offers a wide range of product lines catering to the agarwood oil business. There are products in body care, essential oils, and fragrances. Gritman’s Agarwood Essential oil is extensively used in perfume blend in order to have an ecstatic and 0spiritual experience.

Global Agarwood essential oil market Report Segment Insights:

Applications

Cosmetics and Personal Care
Incense
Therapeutics
Others

Regions

Asia Pacific
Europe
North America
Middle East & Africa
Latin America

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Global Agarwood Essential Oil Market Regions and Countries Level Analysis

On the basis of regions, the global agarwood essential oil market is segmented into Asia Pacific, Europe, North America, the Middle East & Africa, and Latin America. Asia Pacific has been a key region and a dominating market in the segment. The region accounted for about 33.75% of the total market share with China being the leading markets. The rapid growth of the agarwood oil market is due to its availability in the region and specific plantation.

Europe is also expected to register a substantial CAGR owing to the presence of ingredients such as luxury perfumes and cosmetics which are set to provide lucrative opportunities in the segment. The North American region is anticipated to have a significant growth in the forecasted period too.

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Table of Contents

Executive Summary
Assumptions and Acronyms Used
Research Methodology
Agarwood Essential Oil Market Overview
Global Agarwood Essential Oil Market Analysis and Forecast by Type

6. Global Agarwood Essential Oil Market Analysis and Forecast by Application

7. Global Agarwood Essential Oil Market Analysis and Forecast by Sales Channel

8. Global Agarwood Essential Oil Market Analysis and Forecast by Region

9. North America Agarwood Essential Oil Market Analysis and Forecast

10. Latin America Agarwood Essential Oil Market Analysis and Forecast

11. Europe Agarwood Essential Oil Market Analysis and Forecast

12. Asia Pacific Agarwood Essential Oil Market Analysis and Forecast

13. Middle East & Africa Agarwood Essential Oil Market Analysis and Forecast

14. Competition Landscape

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