The Global Sandalwood Extract Market was valued at USD 118.3 Million in 2022 and is projected to reach USD 147.1 Million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 3.2% during the forecast period. This steady growth is being driven by rising disposable incomes in emerging economies, increasing consumer preference for natural and Ayurvedic ingredients in personal care, and the expanding premium perfume and aromatherapy sectors seeking authentic, high-value ingredients.
As the wellness and luxury goods industries continue their expansion, the demand for sustainable and ethically sourced sandalwood extract has intensified, placing a spotlight on the key producers who are pioneering cultivation, sustainable harvesting practices, and advanced extraction technologies. In this blog, we profile the Top 10 Companies in the Sandalwood Extract Industry—a diverse group of agricultural specialists, essential oil processors, and global suppliers defining the future of this precious botanical resource.
🔟 1. Quintis (TFS Corporation)
Headquarters: Perth, Western Australia
Key Offering: Santalum Album (Indian Sandalwood) Oil, Sustainable Wood Products
Quintis is a global leader in sustainable Indian sandalwood, managing the world’s largest plantations and pioneering vertically integrated supply chains. The company sets the global benchmark for quality, traceability, and sustainable production of sandalwood oil and wood products.
Sustainability Initiatives:
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World’s largest sustainable Indian sandalwood plantation
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Vertically integrated from seed to oil
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Investment in advanced distillation and purification technology
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Sandalwood Extract Market – View in Detailed Research Report
9️⃣ 2. Santanol Group (Mercer)
Headquarters: Perth, Western Australia
Key Offering: Australian and Indian Sandalwood Oils
The Santanol Group, owned by Mercer Funds, is a major producer of both Indian and Australian sandalwood oil. The company operates extensive plantations and partners with major international brands in cosmetics and fragrances.
Sustainability Initiatives:
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Large-scale commercial plantations in Australia’s Ord Valley
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Strategic focus on sustainable and scalable production models
8️⃣ 3. KS&DL (Karnataka Soaps & Detergents Limited)
Headquarters: Bangalore, Karnataka, India
Key Offering: Pure Sandalwood Oil, Mysore Sandal Soap
KS&DL is a government-owned enterprise and one of India’s most recognized producers of pure sandalwood oil. As one of the oldest and most established players, it holds a significant portion of the government’s legal sandalwood stock.
Sustainability Initiatives:
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Access to government-regulated sandalwood resources
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Focus on traditional oil extraction methods and heritage product lines
7️⃣ 4. Meena Perfumery
Headquarters: Kannauj, Uttar Pradesh, India
Key Offering: Attars, Sandalwood Oil, Traditional Indian Perfumes
Meena Perfumery is a leading Indian manufacturer specializing in traditional distillation of sandalwood oil and the creation of precious attars.
Sustainability Initiatives:
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Specialization in traditional hydro-distillation techniques
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Wide portfolio of natural fragrance compounds for global markets
6️⃣ 5. RK-Essential Oils Company
Headquarters: New Delhi, India
Key Offering: Sandalwood Essential Oil, Carrier Oils
RK-Essential Oils Company is a major exporter of Indian sandalwood oil, serving the pharmaceutical, aromatherapy, and personal care industries worldwide.
Sustainability Initiatives:
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Global distribution network for pure essential oils
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Emphasis on quality control and authenticity in product sourcing
5️⃣ 6. Naresh International
Headquarters: Hyderabad, Telangana, India
Key Offering: Sandalwood Oil, Fragrance Raw Materials
Naresh International is a prominent supplier of natural essential oils, including premium sandalwood extract, to customers across more than 50 countries.
Sustainability Initiatives:
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Strong focus on export markets and international regulatory compliance
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Sandalwood Extract Market – View in Detailed Research Report
4️⃣ 7. Katyani Exports
Headquarters: Mumbai, Maharashtra, India
Key Offering: Sandalwood Oil, Agarwood Oil, Floral Absolutes
Katyani Exports has established itself as a reliable global supplier of Indian sandalwood oil, building long-term relationships with clients in the cosmetic and therapeutic sectors.
Sustainability Initiatives:
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Specializes in botanical extracts for the flavor, fragrance, and pharmaceutical industries.
Sustainability Initiatives:
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Commitment to providing 100% pure and natural products
3️⃣ 8. Essentially Australia
Headquarters: Brunswick, Victoria, Australia
Key Offering: Australian Sandalwood Oil, Organic Essential OilsEssentially Australia focuses on the production and global marketing of Australian Sandalwood (Santalum spicatum) oil, capitalizing on the unique properties of this native species.
Sustainability Initiatives:
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One of the primary suppliers of Australian sandalwood oil to the international cosmetics industry.
Sustainability Initiatives:
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Promotion of Australian sandalwood as a sustainable alternative
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Investment in local processing and value-addition within Australia
2️⃣ 9. Sandalwood Forest (Qingyuan)
Headquarters: Qingyuan, Guangdong, China
Key Offering: Chinese Sandalwood Oil, Fragrance CompoundsSandalwood Forest is a key Chinese producer, focusing on the cultivation and extraction of sandalwood oil to serve the growing domestic and Asian markets.
Sustainability Initiatives:
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Development of large-scale sandalwood plantations in Southern China
1️⃣ 10. Jiangxi Jishui Natural Essential oil Factory
Headquarters: Jishui County, Jiangxi, China
Key Offering: Sandalwood Extract, Essential Oil BlendsJiangxi Jishui is a significant Chinese manufacturer in the essential oil sector, producing sandalwood oil among a wide array of natural extracts.
Sustainability Initiatives:
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Manufactures a wide range of natural essential oils for industrial and consumer applications.
Sustainability Initiatives:
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Utilization of regional botanical resources for extract production
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Focus on cost-effective production for volume markets
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Sandalwood Extract Market – View in Detailed Research Report
🌍 Outlook: The Future of Sandalwood Extract is Sustainable and Science-Backed
The sandalwood extract market is undergoing a significant transformation. While traditional Indian sandalwood oil remains the most coveted, the industry is increasingly investing in sustainable plantation models, advanced analytical testing for authenticity, and new product development for high-growth wellness categories.
📈 Key Trends Shaping the Market:
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Accelerated shift towards plantation-grown sandalwood to combat illegal logging
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Rising demand for certified and traceable sandalwood oil in Western markets
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Scientific validation of sandalwood’s therapeutic benefits in skincare and aromatherapy
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Growing application in pharmaceutical formulations and nutraceuticals
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Sandalwood Extract Market – View in Detailed Research ReportThe companies listed above are not only supplying a precious global commodity—they’re pioneering the sustainable cultivation of one of the world’s most cherished aromatic woods.
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