The Global Sandalwood Extract Market was valued at USD 155 Million in 2024 and is projected to reach USD 323 Million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 11.4% during the forecast period. This growth is being driven by rising demand for natural ingredients in personal care and aromatherapy, increasing consumer preference for sustainable and ethical sourcing, and expanding applications in pharmaceuticals and high-end fragrances.

As the wellness and beauty industries continue to shift toward clean, plant-based formulations, the spotlight is on the key suppliers who are driving innovation, responsible cultivation, and premium quality in sandalwood extract. In this blog, we profile the Top 10 Companies in the Sandalwood Extract Industry—a mix of plantation leaders, traditional producers, and specialty oil refiners shaping the future of this precious natural resource.

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🔟 1. Quintis (TFS Corporation)

Headquarters: Perth, Australia
Key Offering: Sustainable Indian Sandalwood Oil (Santalum album), Australian Sandalwood Oil, and extracts for fragrance and wellness

Quintis stands as one of the world’s largest vertically integrated producers of sandalwood, managing extensive plantations across Australia. The company supplies high-quality sandalwood oil to major players in perfumery, cosmetics, and aromatherapy, with a strong emphasis on traceable and sustainable cultivation practices that address historical supply constraints.

Sustainability Initiatives:

• Large-scale plantation development to reduce pressure on wild resources

• Vertically integrated operations ensuring quality control from seed to oil

• Commitment to long-term environmental stewardship and carbon-positive practices

Download FREE Sample Report: Sandalwood Extract Market – View in Detailed Research Report

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9️⃣ 2. Santanol Group

Headquarters: Perth, Australia
Key Offering: Premium Santalum album and Santalum spicatum oils and extracts

Santanol Group specializes in the production of high-purity sandalwood oils through advanced distillation processes. Operating multiple facilities, the company serves international markets with consistent, premium-grade products suitable for luxury fragrances and therapeutic applications.

Sustainability Initiatives:

• Focus on plantation-grown sandalwood to ensure supply chain transparency

• Investment in research for improved cultivation and oil yield techniques

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8️⃣ 3. KS&DL (Karnataka Soaps & Detergents Limited)

Headquarters: Bengaluru, India
Key Offering: Traditional East Indian Sandalwood Oil, soaps, and related extracts

KS&DL is a prominent Indian government-backed entity with deep roots in sandalwood processing. The company maintains significant influence in the traditional Indian market while supplying authentic sandalwood oil globally, preserving centuries-old distillation knowledge.

Sustainability Initiatives:

• Management of government sandalwood resources with regulated harvesting

• Promotion of value-added products to maximize resource utilization

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7️⃣ 4. Meena Perfumery

Headquarters: Kannauj, India
Key Offering: Natural sandalwood essential oil and attars

Meena Perfumery brings traditional Indian perfumery expertise to the modern market. Known for its authentic sandalwood oils produced through time-honored methods, the company caters to niche fragrance houses and wellness brands seeking heritage-quality extracts.

Sustainability Initiatives:

• Support for ethical sourcing from regulated suppliers

• Preservation of traditional distillation techniques alongside modern quality standards

Download FREE Sample Report: Sandalwood Extract Market – View in Detailed Research Report

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6️⃣ 5. RK-Essential Oils Company

Headquarters: India
Key Offering: Pure sandalwood oil, blends, and natural extracts

RK-Essential Oils has established itself as a reliable supplier of sandalwood-derived products, serving both domestic and export markets. The company focuses on purity and consistency, making its offerings popular among aromatherapy practitioners and cosmetic manufacturers.

Sustainability Initiatives:

• Emphasis on traceable supply chains

• Development of blended products to extend the reach of limited sandalwood resources

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5️⃣ 6. Katyani Exports

Headquarters: India
Key Offering: Sandalwood essential oil and organic extracts

Katyani Exports provides a range of natural essential oils with a focus on sandalwood. Through careful sourcing and processing, the company delivers products that meet international quality standards for use in personal care, spa, and therapeutic applications.

Sustainability Initiatives:

• Promotion of organic and natural extraction methods

• Collaboration with growers to encourage responsible cultivation

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4️⃣ 7. Naresh International

Headquarters: India
Key Offering: Sandalwood oil and aromatic extracts

Naresh International specializes in the export of traditional Indian aromatic materials, including high-quality sandalwood oil. The company bridges heritage knowledge with contemporary market needs, serving clients in the fragrance and wellness sectors worldwide.

Sustainability Initiatives:

• Support for sustainable harvesting practices in source regions

• Focus on quality assurance to minimize waste in processing

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3️⃣ 8. Essentially Australia

Headquarters: Australia
Key Offering: Australian sandalwood oil (Santalum spicatum) and related extracts

Essentially Australia leverages the unique properties of native Australian sandalwood species. The company offers distinctive oil profiles that appeal to perfumers seeking alternatives or complements to traditional Indian sandalwood.

Sustainability Initiatives:

• Utilization of plantation and managed native resources

• Commitment to regional biodiversity and ethical wild harvesting where applicable

Download FREE Sample Report: Sandalwood Extract Market – View in Detailed Research Report

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2️⃣ 9. WA Sandalwood Plantations

Headquarters: Western Australia
Key Offering: Plantation-grown sandalwood oil and heartwood products

WA Sandalwood Plantations contributes to the sustainable supply through dedicated cultivation efforts. The company focuses on long-term plantation management to secure future availability of this slow-growing resource.

Sustainability Initiatives:

• Agroforestry integration for improved tree health and yield

• Research partnerships to advance sandalwood cultivation science

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1️⃣ 10. Sandalwood Forest (Qingyuan)

Headquarters: China (with global supply operations)
Key Offering: Sandalwood extracts and oils for industrial and consumer applications

Sandalwood Forest participates in the global supply network with a focus on processed sandalwood materials. The company supports diverse applications ranging from traditional medicine to modern cosmetic formulations.

Sustainability Initiatives:

• Investment in supply chain diversification

• Adoption of quality standards aligned with international sustainability expectations

Get Full Report Here: Sandalwood Extract Market – View in Detailed Research Report

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🌍 Outlook: The Future of Sandalwood Extract Is Sustainable and Premium

The sandalwood extract market is experiencing a profound evolution. While traditional sources remain important, the industry is increasingly investing in plantation-based production, advanced extraction technologies, and transparent supply chains to meet rising global demand responsibly.

📈 Key Trends Shaping the Market:

• Expansion of sustainable plantations in Australia and renewed efforts in India

• Growing regulatory focus on traceability and ethical sourcing

• Innovation in product formulations blending sandalwood with complementary botanicals

• Increasing integration of sandalwood extracts in luxury wellness and clean beauty products

Get Full Report Here: Sandalwood Extract Market – View in Detailed Research Report

The companies listed above are not only supplying one of nature’s most treasured aromatics—they are pioneering the responsible stewardship required to ensure sandalwood remains available for generations to come.