Global demand for agarwood oil is predicted to rise at a CAGR of 6% from 2023 to 2033. Currently, the global agarwood oil market is valued at US$ 250 million and is this expected to hit a valuation of US$ 450 million by the end of 2033.
Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global Agarwood Oil market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.
Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the Agarwood Oil market.
Download Sample Copy of This Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=8505
Key findings of the Agarwood Oil market study:
- Regional breakdown of the Agarwood Oil market based on predefined taxonomy.
- Innovative manufacturing processes implemented by Agarwood Oil vendors in detail.
- Region-wise and country-wise fragmentation of the Agarwood Oil market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global Agarwood Oil market.
Key Companies Profiled
- Agro Products
- ASSAM AROMAS
- Grandawood
- Biolandes
- Deve Herbes
- Biofinest
- Nusaroma
- Dauper SA
- Hoang Giang Agarwood Ltd
- HYSSES Pte Ltd
- Pachara Innovation CO., LTD
- The Imperial Oud Co
Competitive Landscape
Key players in the agarwood oil market are actively exploring strategies such as investments, partnerships, R&D activities, and acquisitions to strengthen their market position and gain market share. Moreover, many start-ups are sprouting up in the global market.
DAdvance Agarwood Solutions, one of Malaysia’s leading Biotech companies, raised a whopping US$ 1.9 million through an equity crowdfunding (ECF) effort conducted by Fundnel in June 2022. The funds raised will be used to speed up the research and development of its in-house inoculation technology, as well as to meet working capital requirements and support marketing activities to boost the general economic expansion of Malaysia’s agarwood industry. The company is working with several Malaysian universities to enhance the agarwood oil distillation process and conduct research and development on agarwood skin care products.
Recently, the company solidified its position as the dominant player in the cultivated agarwood industry through the breakthrough of its pure oil quality by accomplishing exceptional results with a 94.76% reading of sesquiterpenoid and sesquiterpene, and free of diethyl phthalate, Dioctyl phthalate, and other contaminants, which adheres to the stringent standards of the European and United States fragrance industries. This had put the company’s agarwood oil in a class of grade A plus by Bio Aromatik Research Centre, a research center that collaborates with big agarwood oil producers worldwide.
Key Segments in Agarwood Oil Industry Research
- By Nature :
- Organic
- Conventional
- By Application :
- Cosmetics And Personal Care
- Pharmaceuticals
- Food and Beverages
- By Distribution Channel :
- Specialty Drug Stores
- Supermarkets/Hypermarkets
- e-Commerce
- Convenience Stores
- By Region :
- North America
- Latin America
- Europe
- Asia Pacific & China
- Middle East & Africa
Get Full Access of the Complete Report:
https://www.factmr.com/checkout/8505
Queries addressed in the Agarwood Oil market report:
- Why are the Agarwood Oil market players targeting region for increased product sales?
- What patented technologies are the players utilizing in the global Agarwood Oil market?
- Which regions are displaying the fastest growth in the Agarwood Oil market?
- What are the underlying micro- macroeconomic factors affecting the global Agarwood Oil market?
Why choose Fact.MR?
Reports published by Fact.MR are a result of the combination of our experts and digital technologies. We thrive to provide innovative business solutions to the clients as well as tailor the reports aligning with the clients’ requisites. Our analysts perform comprehensive research to offer ins and outs of the current market situation. Clients across various time zones tend to utilize our 24/7 service availability.
Contact:
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: [email protected]