Agarwood essential oil market: Europe is estimated to account for 36% of the market's growth from 2022 to 2027 - Technavio

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Jan 23, 2023, 15:30 ET

NEW YORK, Jan. 23, 2023 /PRNewswire/ -- The agarwood essential oil market is segmented by application (cosmetics and personal care, incense, therapeutics, and others), type (natural agarwood essential oil and organic agarwood essential oil), and geography (Europe, North America, APAC, South America, and Middle East and Africa). The cosmetics and personal segment held the largest share of the market in the base year. The market is estimated to witness significant growth during the forecast period due to the expansion in retail space across the globe. The sale of essential oils in supermarkets and hypermarkets is rising as more people choose agarwood essential oil products for their health advantages such as skin moisturizing and softening, a decrease in microbial illnesses, and sun protection

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Frequently Asked Questions:

What are the major trends in the market?
The rising demand for aromatherapy is the key market trend.
At what rate is the market projected to grow?
The agarwood essential oil market is estimated to grow by USD 1,075.28 million at a CAGR of 6.86% from 2022 to 2027.
Who are the top players in the market?
The agarwood essential oil market comprises of several market vendors, including Biofinest, Biolandes SAS, Deve Herbes, Edens Garden Inc., Essential Oil Wizardry, Flowers Shining Everywhere Inc., Grandawood, Gritman Corp., Hoang Giang Agarwood Ltd., HYSSES Pte Ltd., JiAn ZhongXiang Natural Plants Co. Ltd., Katyani Exports, Mangalam Agro, Maruti Natural Fragrances, Nusaroma, Oud and Musk, Shiv Sales Corporation, Thai Borai Agarwood Co. Ltd., Tram Huong Viet, and Treedom Oud among others.
What are the key market drivers and challenges?
The expansion in retail space across the globe is notably driving the agarwood essential oil market growth, although factors such as increasing availability of counterfeit products may impede market growth.
What is the largest region in the market?
Europe will account for 36% of the growth of the agarwood essential oil market during the forecast period.

Agarwood essential oil market 2023-2027: Scope

The agarwood essential oil market report also covers the following areas:

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Agarwood Essential Oil Market Scope
Report Coverage	Details
Page number	161
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 6.86%
Market growth 2023-2027	USD 1,075.28 million
Market structure	Fragmented
YoY growth 2022-2023(%)	6.34
Regional analysis	Europe, North America, APAC, South America, and Middle East and Africa
Performing market contribution	Europe at 36%
Key countries	US, Canada, Japan, Germany, and The Netherlands
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	Biofinest, Biolandes SAS, Deve Herbes, Edens Garden Inc., Essential Oil Wizardry, Flowers Shining Everywhere Inc., Grandawood, Gritman Corp., Hoang Giang Agarwood Ltd., HYSSES Pte Ltd., JiAn ZhongXiang Natural Plants Co. Ltd., Katyani Exports, Mangalam Agro, Maruti Natural Fragrances, Nusaroma, Oud and Musk, Shiv Sales Corporation, Thai Borai Agarwood Co. Ltd., Tram Huong Viet, and Treedom Oud
Market dynamics	Parent Market Analysis; Market growth inducers and obstacles; Fast-growing and slow-growing segment analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Table of Content

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global agarwood essential oil market 2017 - 2021

Exhibit 18: Historic Market Size – Data Table on Global agarwood essential oil market 2017 - 2021 ($ million)

4.2 Application Segment Analysis 2017 - 2021

Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)

4.3 Type Segment Analysis 2017 - 2021

Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)

4.4 Geography Segment Analysis 2017 - 2021

Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

4.5 Country Segment Analysis 2017 - 2021

Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary

Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers

Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers

Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants

Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes

Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry

Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition

Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

6.1 Market segments

Exhibit 30: Chart on Application - Market share 2022-2027 (%)
Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

6.2 Comparison by Application

Exhibit 32: Chart on Comparison by Application
Exhibit 33: Data Table on Comparison by Application

6.3 Cosmetics and personal care - Market size and forecast 2022-2027

Exhibit 34: Chart on Cosmetics and personal care - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Cosmetics and personal care - Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Cosmetics and personal care - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Cosmetics and personal care - Year-over-year growth 2022-2027 (%)

6.4 Incense - Market size and forecast 2022-2027

Exhibit 38: Chart on Incense - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Incense - Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Incense - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Incense - Year-over-year growth 2022-2027 (%)

6.5 Therapeutics - Market size and forecast 2022-2027

Exhibit 42: Chart on Therapeutics - Market size and forecast 2022-2027 ($ million)
Exhibit 43: Data Table on Therapeutics - Market size and forecast 2022-2027 ($ million)
Exhibit 44: Chart on Therapeutics - Year-over-year growth 2022-2027 (%)
Exhibit 45: Data Table on Therapeutics - Year-over-year growth 2022-2027 (%)

6.6 Others - Market size and forecast 2022-2027

Exhibit 46: Chart on Others - Market size and forecast 2022-2027 ($ million)
Exhibit 47: Data Table on Others - Market size and forecast 2022-2027 ($ million)
Exhibit 48: Chart on Others - Year-over-year growth 2022-2027 (%)
Exhibit 49: Data Table on Others - Year-over-year growth 2022-2027 (%)

6.7 Market opportunity by Application

Exhibit 50: Market opportunity by Application ($ million)

7 Market Segmentation by Type

7.1 Market segments

Exhibit 51: Chart on Type - Market share 2022-2027 (%)
Exhibit 52: Data Table on Type - Market share 2022-2027 (%)

7.2 Comparison by Type

Exhibit 53: Chart on Comparison by Type
Exhibit 54: Data Table on Comparison by Type

7.3 Natural agarwood essential oil - Market size and forecast 2022-2027

Exhibit 55: Chart on Natural agarwood essential oil - Market size and forecast 2022-2027 ($ million)
Exhibit 56: Data Table on Natural agarwood essential oil - Market size and forecast 2022-2027 ($ million)
Exhibit 57: Chart on Natural agarwood essential oil - Year-over-year growth 2022-2027 (%)
Exhibit 58: Data Table on Natural agarwood essential oil - Year-over-year growth 2022-2027 (%)

7.4 Organic agarwood essential oil - Market size and forecast 2022-2027

Exhibit 59: Chart on Organic agarwood essential oil - Market size and forecast 2022-2027 ($ million)
Exhibit 60: Data Table on Organic agarwood essential oil - Market size and forecast 2022-2027 ($ million)
Exhibit 61: Chart on Organic agarwood essential oil - Year-over-year growth 2022-2027 (%)
Exhibit 62: Data Table on Organic agarwood essential oil - Year-over-year growth 2022-2027 (%)

7.5 Market opportunity by Type

Exhibit 63: Market opportunity by Type ($ million)

8 Customer Landscape

8.1 Customer landscape overview

Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation

Exhibit 65: Chart on Market share by geography 2022-2027 (%)
Exhibit 66: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison

Exhibit 67: Chart on Geographic comparison
Exhibit 68: Data Table on Geographic comparison

9.3 Europe - Market size and forecast 2022-2027

Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.4 North America - Market size and forecast 2022-2027

Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.5 APAC - Market size and forecast 2022-2027

Exhibit 77: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 78: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 79: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.6 South America - Market size and forecast 2022-2027

Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.7 Middle East and Africa - Market size and forecast 2022-2027

Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.8 US - Market size and forecast 2022-2027

Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)

9.9 Germany - Market size and forecast 2022-2027

Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)

9.10 The Netherlands - Market size and forecast 2022-2027

Exhibit 97: Chart on The Netherlands - Market size and forecast 2022-2027 ($ million)
Exhibit 98: Data Table on The Netherlands - Market size and forecast 2022-2027 ($ million)
Exhibit 99: Chart on The Netherlands - Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on The Netherlands - Year-over-year growth 2022-2027 (%)

9.11 Canada - Market size and forecast 2022-2027

Exhibit 101: Chart on Canada - Market size and forecast 2022-2027 ($ million)
Exhibit 102: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
Exhibit 103: Chart on Canada - Year-over-year growth 2022-2027 (%)
Exhibit 104: Data Table on Canada - Year-over-year growth 2022-2027 (%)

9.12 Japan - Market size and forecast 2022-2027

Exhibit 105: Chart on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 106: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 107: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibit 108: Data Table on Japan - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography

Exhibit 109: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

Exhibit 110: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

Exhibit 111: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption

Exhibit 112: Overview on factors of disruption

11.4 Industry risks

Exhibit 113: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered

Exhibit 114: Vendors covered

12.2 Market positioning of vendors

Exhibit 115: Matrix on vendor position and classification

12.3 Biofinest

Exhibit 116: Biofinest - Overview
Exhibit 117: Biofinest - Product / Service
Exhibit 118: Biofinest - Key offerings

12.4 Biolandes SAS

Exhibit 119: Biolandes SAS - Overview
Exhibit 120: Biolandes SAS - Product / Service
Exhibit 121: Biolandes SAS - Key offerings

12.5 Deve Herbes

Exhibit 122: Deve Herbes - Overview
Exhibit 123: Deve Herbes - Product / Service
Exhibit 124: Deve Herbes - Key offerings

12.6 Essential Oil Wizardry

Exhibit 125: Essential Oil Wizardry - Overview
Exhibit 126: Essential Oil Wizardry - Product / Service
Exhibit 127: Essential Oil Wizardry - Key offerings

12.7 Grandawood

Exhibit 128: Grandawood - Overview
Exhibit 129: Grandawood - Product / Service
Exhibit 130: Grandawood - Key offerings

12.8 Gritman Corp.

Exhibit 131: Gritman Corp. - Overview
Exhibit 132: Gritman Corp. - Product / Service
Exhibit 133: Gritman Corp. - Key offerings

12.9 Hoang Giang Agarwood Ltd.

Exhibit 134: Hoang Giang Agarwood Ltd. - Overview
Exhibit 135: Hoang Giang Agarwood Ltd. - Product / Service
Exhibit 136: Hoang Giang Agarwood Ltd. - Key news
Exhibit 137: Hoang Giang Agarwood Ltd. - Key offerings

12.10 HYSSES Pte Ltd.

Exhibit 138: HYSSES Pte Ltd. - Overview
Exhibit 139: HYSSES Pte Ltd. - Product / Service
Exhibit 140: HYSSES Pte Ltd. - Key offerings

12.11 JiAn ZhongXiang Natural Plants Co. Ltd.

Exhibit 141: JiAn ZhongXiang Natural Plants Co. Ltd. - Overview
Exhibit 142: JiAn ZhongXiang Natural Plants Co. Ltd. - Product / Service
Exhibit 143: JiAn ZhongXiang Natural Plants Co. Ltd. - Key offerings

12.12 Katyani Exports

Exhibit 144: Katyani Exports - Overview
Exhibit 145: Katyani Exports - Product / Service
Exhibit 146: Katyani Exports - Key offerings

12.13 Maruti Natural Fragrances

Exhibit 147: Maruti Natural Fragrances - Overview
Exhibit 148: Maruti Natural Fragrances - Product / Service
Exhibit 149: Maruti Natural Fragrances - Key offerings

12.14 Nusaroma

Exhibit 150: Nusaroma - Overview
Exhibit 151: Nusaroma - Product / Service
Exhibit 152: Nusaroma - Key offerings

12.15 Oud and Musk

Exhibit 153: Oud and Musk - Overview
Exhibit 154: Oud and Musk - Product / Service
Exhibit 155: Oud and Musk - Key offerings

12.16 Thai Borai Agarwood Co. Ltd.

Exhibit 156: Thai Borai Agarwood Co. Ltd. - Overview
Exhibit 157: Thai Borai Agarwood Co. Ltd. - Product / Service
Exhibit 158: Thai Borai Agarwood Co. Ltd. - Key offerings

12.17 Tram Huong Viet

Exhibit 159: Tram Huong Viet - Overview
Exhibit 160: Tram Huong Viet - Product / Service
Exhibit 161: Tram Huong Viet - Key offerings

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

Exhibit 162: Inclusions checklist
Exhibit 163: Exclusions checklist

13.3 Currency conversion rates for US$

Exhibit 164: Currency conversion rates for US$

13.4 Research methodology

Exhibit 165: Research methodology
Exhibit 166: Validation techniques employed for market sizing
Exhibit 167: Information sources

13.5 List of abbreviations

Exhibit 168: List of abbreviations

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