Global Sandalwood Extract Market Strategic Research Report

Scope of the Report

The global Sandalwood Extract market size is predicted to grow from US$ 130 million in 2025 to US$ 162 million in 2032; it is expected to grow at a CAGR of 3.2% from 2026 to 2032.

Sandalwood is a class of woods from trees in the genus Santalum. The woods are heavy, yellow, and fine-grained, and unlike many other aromatic woods, they retain their fragrance for decades. Indian Sandalwood Oil (Santalum Album) is extracted from the woods for use. Sandalwood is the second most expensive wood in the world, after African blackwood. Both the wood and the oil produce a distinctive fragrance that has been highly valued for centuries. Consequently, species of these slow-growing trees have suffered over-harvesting in the past century.

Global Sandalwood Extract key players include Quintis (former TFS Corporation), Santanol Group, KS&DL (Karnataka Soaps & Detergents Limited), Meena Perfumery, RK-Essential Oils Company, etc. Global top five manufacturers hold a share over 65%.

Australia is the largest market, with a share about 65%, followed by India and Indonesia, both have a share about 30 percent.In terms of product, East Indian Sandalwood Oil is the largest segment, with a share about 85%. And in terms of application, the largest application is Personal Care, followed by Aromatherapy, Pharmaceuticals, etc.

This report presents a comprehensive overview of the global Sandalwood Extract market, covering market size and forecast, segmentation by product type and application, competitive landscape, leading players and regional and country-level outlook.

Segment by Type

• East Indian Sandalwood Oil
• Australian Sandalwood Oil

Segment by Application

• Personal Care
• Aromatherapy
• Pharmaceuticals
• Others

Who Can Use This Report?

This report is written for decision-makers who need a clear, data-backed view of the global Sandalwood Extract market:

• Manufacturers, suppliers and solution providers benchmarking their position and planning product, capacity and go-to-market strategy
• Distributors, channel partners and end users in Personal Care, Aromatherapy, Pharmaceuticals evaluating demand and sourcing options
• Investors, financial analysts and consultants assessing growth opportunities, competitive dynamics and M&A potential
• Government agencies, industry associations and research institutions tracking industry developments and policy impact