Agarwood essential oil, also, has high medicinal value and is extensively used by Ayurvedic practitioners which is one of the key drivers of agarwood essential oil market growth and expansion. Among all the other species, aquilaria species is the most popular one with a significant contribution towards accelerated revenue generation. As the raw materials are rare to find, technological advancements have been witnessed to augment the cultivation of agarwood. The plantation of agarwood has been introduced and re-introduced in countries such as Sri Lanka, Malaysia, etc. which will catalyze the revenue created from the Global Agarwood Essential Oil Market. Techniques have also been implemented to improve stimulation of agarwood production for enhanced quality of the oil produced which will favor the market growth and expansion.
Major Key Players
The key players profiled by MRFR in its latest report for an accurate market forecast include
- Dauper SA, Xi’an Natural Field Bio-Technique Co., Ltd.,
- Hoang Giang Agarwood Company Limited,
- Shaanxi Guanjie Technology Co., Ltd.,
- Ji’an Zhongxiang Natural Plants Co., Ltd,
- Amarnath Exports,
- Maruti Natural Fragrances
The top-notch players strengthen their footholds in the market by strategizing initiatives such as scientific methods of cultivation, adoption of technology to enhance quality, product developments, etc.
Market Segmentation
By product type, the global agarwood essential oil market is segmented into pure essential oil, compound essential oil, and others
Detailed Regional Analysis
By region, the Agarwood Essential Oil Market has been segmented into Europe, North America, Asia Pacific, and the Rest of the World (ROW). Asia Pacific accounts for the largest share of the market size and revenue, and the trend is likely to continue over the assessment period
. The region is the highest producer of agarwood owing to the presence of countries such as China, India, and Malaysia which will drive the agarwood essential market oil across the review period.
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.