AGARWOOD ESSENTIAL OIL MARKET 2020
Industry Survey, Growth, Competitive Landscape and Forecasts to 2025
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AGARWOOD ESSENTIAL OIL MARKET 2020 Agarwood Essential Oil Market 2020: Industry Survey, Growth, Competitive Landscape and Forecasts to 2025 Agarwood Essential Oil, also referred to as OUD oil, is a highly rare and precious oil derived from the trees in the Aquileia family. It grows in the entire northeastern India, Bhutan, and in various parts of Southeast Asia. Agarwood is also known as aloeswood and is a fragrant dark wood that is primarily used to make perfumes and incense items. Aquilaria species of the Thymelaeaceae family is considered as one of the high-quality agarwood plants that are available in the market and holds significant contribution in revenue generation. The plantation of agarwood is performed in a number of countries and has been reintroduced across various countries like Sri Lanka and Malaysia as commercial plantation crops to particularly produce agarwood essential oil. Over the years, there have been several techniques developed to stimulate or enhance the agarwood production in trees which will positively impact the market growth and the expansion of these essential oils in the coming years. With raw materials becoming rare to find, advancing technologies are believed to augment the cultivation of agarwood.
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AGARWOOD ESSENTIAL OIL MARKET 2020
Segmentation
Global Agarwood Essential Oil Market segmentation is divided in terms of raw materials, application, and product type. By raw materials, the market includes resin, flowers, wood, bark, and others. By application, the market divides cosmetics, perfume, and others. The perfume segment is growing at the highest rate and is expected to continue on its rise in the near future. By product type, the market divides into compound essential oils, pure essential oils, and others. Enquiry of the Report: https://www.marketresearchfuture.com/enquiry/2555
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AGARWOOD ESSENTIAL OIL MARKET 2020 Regional Analysis Geographical Segmentation of the Global Agarwood Essential Oil Market divides into Europe, North America, Asia Pacific, and the Rest of the World (RoW). The regional market leader of agarwood essential oils is Asia Pacific and is followed up by Europe, North America, and RoW, in respective fashion. In Asia Pacific, countries like Malaysia, India, and China produce agarwood much more than any other countries in the world. This makes Asia Pacific a potentially lucrative market for new and emerging companies. Developed countries in Europe and North America are using agarwood for various applications like personal care products and aromatherapy, thereby driving growth in the respective regions.
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AGARWOOD ESSENTIAL OIL MARKET 2020 Application & Major Players in this Research: Agarwood Essential Oil Market Prominent Players:
Some of the key players in the global Agarwood Essential Oil market are Amarnath Exports (India), Maruti Natural Fragrances (India), Eden Botanicals (US), MJI Group (India), Treedom Oud (Thailand), K.A.B. Industries (India), Hoang Giang Agarwood Company (Vietnam), Shiv Sales Corporation (India),
Assam Aromas (India), and Janvi Herbs (India).
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