Seattle, WA -- (SBWIRE) -- 11/29/2019 -- Sandalwood is a parasitic tree and obtains nutrients from several other plant species. While there are other species of sandalwood, including red sandalwood, Australian Sandalwood Network (S. spicatum) and New Caledonian Sandalwood (S. austrocaledonicum), these are quite different from true Santalum album and have very different properties and fragrances. There is another tree that yields an essential oil which is sometimes called West Indian sandalwood or amyris (Amyris balsamifera) - it is from Haiti and other islands in the West Indies and is not related to true sandalwood. It is, however, sometimes used as a sandalwood substitute, especially in products such as sandalwood soap, where using the true sandalwood would be too expensive. Sandalwood products are obtained from the sandalwood tree (Santalum album), which is a member of the Santalaceae family.
It is known as white sandalwood, Mysore sandalwood, East Indian sandalwood, sandal, Chandan (Hindi), and tan xiang (Mandarin). The white sandalwood is an evergreen tree which grows to 50 feet and naturally occurs in Eastern India in the states of Mysore, Kerala, Tamil Nadu and Karnatika. It grows in dry and rocky environments and reproduces by suckers and by seeds. The environmental conditions required by this tree are rather strict and not completely understood. Due to a combination of the environmental requirements and the necessity of living off a host plant, Sandalwood is not easy to propagate. Even so, it has long been cultivated in other Southeast Asian locations, including Indonesia where some good quality Sandalwood essential oil is produced.
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The global Sandalwood market will reach xxx Million USD in 2019 with CAGR xx% 2019-2025. The main contents of the report including:
Global market size and forecast
Regional market size, production data and export & import
Key manufacturers profile, products & services, sales data of business
Global market size by Major Application
Global market size by Major Type
Key manufacturers are included based on company profile, sales data and product specifications etc.:
WA Sandalwood Plantations
Australian Sandalwood Network
Major applications as follows:
Major Type as follows:
- To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Sandalwood Market
- To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa).
The report assists in determining and analyzing the Key market players' portfolios with information such as company profiles, components and services offered, financial information of last 3 years, key developments in past five years and helps in constructing strategies to gain competitive advantage. The market payers from Sandalwood Market are anticipated to lucrative growth opportunities in the future with the rising demand for Sandalwood in the global market.
Answers that the Report Acknowledges:
- Market size and growth rate during forecast period.
- Key factors driving the Sandalwood Market.
- Key market trends cracking up the growth of the Sandalwood Market.
- Challenges to market growth.
- Key vendors of Sandalwood Market.
- Detailed SWOT analysis.
- Opportunities and threats faces by the existing vendors in Global Sandalwood Market.
- Trending factors influencing the market in the geographical regions.
- Strategic initiatives focusing the leading vendors.
- PEST analysis of the market in the five major regions.
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