Agarwoods Market Competition by Manufacturers

PRESS RELEASE

Published March 29, 2023

"Agarwoods Market" 2023 : Agarwood, aloeswood or gharuwood is a fragrant dark resinous wood used in incense, perfume, and small carvings. It is formed in the heartwood of aquilaria trees when they become infected with a type of mould (Phialophora parasitica). Prior to infection, the heartwood is odourless, relatively light and pale coloured; however, as the infection progresses, the tree produces a dark aromatic resin, called aloes or agar (not to be confused with the edible, algae-derived agar) as well as gaharu, jinko, oud, or oodh (not to be confused with bukhoor), in response to the attack, which results in a very dense, dark, resin-embedded heartwood. The resin-embedded wood is valued in Arabic-middle eastern culture for its distinctive fragrance, and thus is used for incense and perfumes. The aromatic qualities of agarwood are influenced by the species, geographic location, its branch, trunk and root origin, length of time since infection, and methods of harvesting and processing.

Market Analysis and Insights: Global Agarwoods Market

Due to the COVID-19 pandemic, the global Agarwoods market size is estimated to be worth USD million in 2022 and is forecast to a readjusted size of USD million by 2028 with a CAGR of Percent during the review period. Fully considering the economic change by this health crisis, Natural accounting for Percent of the Agarwoods global market in 2021, is projected to value USD million by 2028, growing at a revised Percent CAGR in the post-COVID-19 period. While Incense segment is altered to an Percent CAGR throughout this forecast period.

China Agarwoods market size is valued at USD million in 2021, while the US and Europe Agarwoods are USD million and USD million, severally. The proportion of the US is Percent in 2021, while China and Europe are Percent and Percent respectively, and it is predicted that China proportion will reach Percent in 2028, trailing a CAGR of Percent through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR Percent, Percent, and Percent respectively for the next 6-year period. As for the Europe Agarwoods landscape, Germany is projected to reach USD million by 2028 trailing a CAGR of Percent over the forecast period.

The global key manufacturers of Agarwoods include Swiss Arabian, Kim Anh Agarwood, Ponny Agarwood, Agarwood Siam Excellent, Simon70 LTD and Tram Huong Thuong Dinh, etc. In 2021, the global top five players have a share approximately Percent in terms of revenue.

In terms of production side, this report researches the Agarwoods capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.

In terms of sales side, this report focuses on the sales of Agarwoods by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.

Global Agarwoods Scope and Segment

Agarwoods market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Agarwoods market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.

The Global Agarwoods market is anticipated to rise at a considerable rate during the forecast period, between 2022 and 2028. In 2021, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

What is the Agarwoods market growth?

Agarwoods Market Size is projected to Reach Multimillion USD by 2028, In comparison to 2023, at unexpected CAGR during the forecast Period 2023-2028.

Browse Detailed TOC, Tables and Figures with Charts which is spread across 94 Pages With 110 Tables and Figures that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.

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Client Focus

Agarwoods Market - Competitive and Segmentation Analysis:

1.How do you determine the list of the key players included in the report?

With the aim of clearly revealing the competitive situation of the industry, we concretely analyze not only the leading enterprises that have a voice on a global scale, but also the regional small and medium-sized companies that play key roles and have plenty of potential growth.

Top Key Players of Agarwoods Market are:

Swiss Arabian
Kim Anh Agarwood
Ponny Agarwood
Agarwood Siam Excellent
Simon70 LTD
Tram Huong Thuong Dinh

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This research report is the result of an extensive primary and secondary research effort into the Agarwoods market. It provides a thorough overview of the market's current and future objectives, along with a competitive analysis of the industry, broken down by application, type and regional trends. It also provides a dashboard overview of the past and present performance of leading companies. A variety of methodologies and analyses are used in the research to ensure accurate and comprehensive information about the Agarwoods Market.

AgarwoodsMarket split by Type, can be divided into:

Natural
Artificial

AgarwoodsMarket split by Application, can be divided into:

Incense
Perfume
Carvings

The Agarwoods segments and sub-section of the market are illuminated below:

2. Does this report consider the impact of COVID-19 and the Russia-Ukraine war on the Agarwoods market?

Yes. As the COVID-19 and the Russia-Ukraine war are profoundly affecting the global supply chain relationship and raw material price system, we have definitely taken them into consideration throughout the research, and in Chapters, we elaborate at full length on the impact of the pandemic and the war on the Agarwoods Industry

Final Report will add the analysis of the impact of Russia-Ukraine War and COVID-19 on this Agarwoods Industry.

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3.What are your main data sources?

Both Primary and Secondary data sources are being used while compiling the report.

Primary sources include extensive interviews of key opinion leaders and industry experts (such as experienced front-line staff, directors, CEOs, and marketing executives), downstream distributors, as well as end-users. Secondary sources include the research of the annual and financial reports of the top companies, public files, new journals, etc. We also cooperate with some third-party databases.

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historical data and forecast (2017-2027) of the following regions are covered in Chapters:

North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

This Agarwoods Market Research/Analysis Report Contains Answers to your following Questions

What are the global trends in the Agarwoods market? Would the market witness an increase or decline in the demand in the coming years?
What is the estimated demand for different types of products in Agarwoods? What are the upcoming industry applications and trends for Agarwoods market?
What Are Projections of Global Agarwoods Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
Where will the strategic developments take the industry in the mid to long-term?
What are the factors contributing to the final price of Agarwoods? What are the raw materials used for Agarwoods manufacturing?
How big is the opportunity for the Agarwoods market? How will the increasing adoption of Agarwoods for mining impact the growth rate of the overall market?
How much is the global Agarwoods market worth? What was the value of the market In 2020?
Who are the major players operating in the Agarwoods market? Which companies are the front runners?
Which are the recent industry trends that can be implemented to generate additional revenue streams?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Agarwoods Industry?

Customization of the Report

Can I modify the scope of the report and customize it to suit my requirements?

Yes. Customized requirements of multi-dimensional, deep-level and high-quality can help our customers precisely grasp market opportunities, effortlessly confront market challenges, properly formulate market strategies and act promptly, thus to win them sufficient time and space for market competition.

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Detailed TOC of Global Agarwoods Market Insights and Forecast to 2028

Major Points from Table of Contents

Global Agarwoods Market Research Report 2023-2028, by Manufacturers, Regions, Types and Applications

1 Introduction
1.1 Objective of the Study
1.2 Definition of the Market
1.3 Market Scope
1.3.1 Market Segment by Type, Application and Marketing Channel
1.3.2 Major Regions Covered (North America, Europe, Asia Pacific, Mid East and Africa)
1.4 Years Considered for the Study (2015-2028)
1.5 Currency Considered (U.S. Dollar)
1.6 Stakeholders

2 Key Findings of the Study

3 Market Dynamics
3.1 Driving Factors for this Market
3.2 Factors Challenging the Market
3.3 Opportunities of the Global Agarwoods Market (Regions, Growing/Emerging Downstream Market Analysis)
3.4 Technological and Market Developments in the Agarwoods Market
3.5 Industry News by Region
3.6 Regulatory Scenario by Region/Country
3.7 Market Investment Scenario Strategic Recommendations Analysis

4 Value Chain of the Agarwoods Market

4.1 Value Chain Status
4.2 Upstream Raw Material Analysis
4.3 Midstream Major Company Analysis (by Manufacturing Base, by Product Type)
4.4 Distributors/Traders
4.5 Downstream Major Customer Analysis (by Region)

5 Global Agarwoods Market-Segmentation by Type
6 Global Agarwoods Market-Segmentation by Application

7 Global Agarwoods Market-Segmentation by Marketing Channel
7.1 Traditional Marketing Channel (Offline)
7.2 Online Channel

8 Competitive Intelligence Company Profiles

9 Global Agarwoods Market-Segmentation by Geography

9.1 North America
9.2 Europe
9.3 Asia-Pacific
9.4 Latin America

9.5 Middle East and Africa

10 Future Forecast of the Global Agarwoods Market from 2023-2028

10.1 Future Forecast of the Global Agarwoods Market from 2023-2028 Segment by Region
10.2 Global Agarwoods Production and Growth Rate Forecast by Type (2023-2028)
10.3 Global Agarwoods Consumption and Growth Rate Forecast by Application (2023-2028)

11 Appendix
11.1 Methodology
12.2 Research Data Source

Continued….

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