The Global Agarwood Powder Market was valued at USD 215.6 Million in 2025 and is projected to reach USD 368.9 Million by 2034, growing at a Compound Annual Growth Rate (CAGR) of 6.2% during the forecast period (2025–2034). This growth is being driven by rising demand for luxury perfumes, the expanding wellness and aromatherapy sector, and increasing disposable incomes in emerging economies, particularly across Asia and the Middle East.

As the market for natural and exotic ingredients transforms consumer preferences toward premium, sustainably sourced products, the spotlight is on the key producers and suppliers who are mastering the art and science of Agarwood cultivation and processing. In this blog, we profile the Top 10 Companies in the Agarwood Powder Industry—a mix of established Southeast Asian producers, luxury fragrance houses, and niche wellness brands shaping the future of this precious commodity.

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🔟 1. Hoang Giang Agarwood

Headquarters: Hanoi, Vietnam
Key Offering: Premium Grade Agarwood Powder, Oud Oil, Agarwood Chips

Hoang Giang Agarwood is a leading Vietnamese producer renowned for its high-quality, sustainably sourced Agarwood products. The company controls a significant portion of the supply chain, from cultivating Aquilaria trees using modern inoculation techniques to processing the resin-infused heartwood into fine powder. Their products are highly sought after by international luxury perfume brands.

Sustainability Initiatives:

• Pioneering sustainable Agarwood plantation management in Vietnam

• Certified sourcing compliant with CITES regulations

• Investment in R&D for higher-yield cultivation methods

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9️⃣ 2. Agarwood Vietnam Company

Headquarters: Ho Chi Minh City, Vietnam
Key Offering: Ground Agarwood Powder, Unground Resinous Wood, Organic Oud Products

Agarwood Vietnam Company is a major exporter, leveraging its strategic location in a prime Agarwood-producing region. The company specializes in providing a range of powder grades tailored for perfumery, incense, and traditional medicine, building long-term partnerships with clients based on consistency and authenticity.

Sustainability Initiatives:

• Direct partnerships with local farming communities

• Focus on traceability and transparency from tree to product

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8️⃣ 3. TH Oud Vietnam

Headquarters: Khanh Hoa, Vietnam
Key Offering: Artisanal Agarwood Powder, Kyara-grade Oud, Custom Grinding Services

TH Oud Vietnam specializes in artisanal and high-grade Agarwood, often dealing in the rare and prized Kyara quality. The company caters to a niche market of connoisseurs and high-end perfume makers, emphasizing the unique terroir and meticulous processing that define its products.

Sustainability Initiatives:

• Ethical wild harvesting practices with reforestation programs

• Promotion of Agarwood conservation awareness

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7️⃣ 4. Kim Anh Agarwood

Headquarters: Binh Duong, Vietnam
Key Offering: Commercial and Premium Agarwood Powder, Incense Sticks, Raw Wood

Kim Anh Agarwood operates one of the larger processing facilities in Vietnam, serving both bulk commercial clients and premium segments. The company’s strength lies in its ability to scale production while maintaining stringent quality control, making it a reliable supplier for global distributors.

Sustainability Initiatives:

• Implementation of waste-reduction techniques in processing

• Community development programs in Agarwood-growing regions

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6️⃣ 5. Amouage

Headquarters: Muscat, Oman
Key Offering: Luxury Perfumes featuring Oud, Sourced Agarwood Powder for In-House Blending

Amouage is a world-renowned luxury fragrance house that has built its brand around the exquisite scent of Oud. While primarily a perfumer, the company is a significant player in the Agarwood Powder market through its direct sourcing operations, ensuring the highest quality raw material for its iconic fragrances.

Sustainability Initiatives:

• Direct, ethical sourcing agreements with Southeast Asian producers

• Commitment to supporting sustainable Agarwood cultivation

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5️⃣ 6. Assam Aromas

Headquarters: Assam, India
Key Offering: Agarwood Powder, Oud Attars, Ayurvedic Formulations

Assam Aromas leverages India’s rich tradition in Ayurveda and natural perfumery. The company processes Agarwood powder specifically for the pharmaceutical and traditional medicine markets, in addition to supplying the fragrance industry, with a focus on the unique properties of Indian Aquilaria species.

Sustainability Initiatives:

• Promotion of Agarwood as a agroforestry crop in Northeast India

• Integration with Ayurvedic wellness brands for value-added products

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4️⃣ 7. Green Agro Agarwood Products Sdn Bhd

Headquarters: Kelantan, Malaysia
Key Offering: Certified Sustainable Agarwood Powder, Oud Oil, Plantation-Grown Wood

As a leading Malaysian producer, Green Agro focuses on plantation-grown Agarwood, addressing sustainability concerns associated with wild harvesting. The company’s products are certified and cater to markets with strict regulatory requirements for botanical imports, such as Europe and North America.

Sustainability Initiatives:

• One of Malaysia’s pioneers in large-scale Agarwood plantations

• Active participation in national sustainability standards development

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3️⃣ 8. VajraSecrets

Headquarters: Oregon, USA
Key Offering: Heirloom Agarwood Powder, Artisanal Incense Blends, Wellness Products

VajraSecrets acts as a curator and distributor of rare, heirloom-quality Agarwood for the Western market. The company bridges the gap between Southeast Asian producers and North American/European consumers, focusing on education, authenticity, and the spiritual uses of Agarwood.

Sustainability Initiatives:

• Exclusive partnerships with ethically-minded suppliers

• Transparent supply chain communication with end-consumers

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2️⃣ 9. BIOREMAKE

Headquarters: California, USA
Key Offering: Agarwood Powder for Cosmetic R&D, Bioactive Extracts

BIOREMAKE is an innovative company focusing on the application of Agarwood in the cosmetics and biotechnology sectors. They supply finely processed powder optimized for extraction and inclusion in high-end skincare formulations, targeting the convergence of luxury beauty and natural ingredients.

Sustainability Initiatives:

• Research into cell-culture based production of Agarwood compounds

• Collaboration with brands on sustainable sourcing protocols

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1️⃣ 10. Luxury Scent & Wellness Group (Hypothetical Consolidation)

Headquarters: Global (Representing a segment of diversified players)
Key Offering: Branded Agarwood-based Products, Sourcing and Distribution

This segment represents a group of international luxury goods companies, wellness brands, and major distributors that, while not primary processors, are critical to the market. They create consumer demand through branded perfumes, cosmetics, and wellness products, driving the need for high-quality Agarwood powder through their extensive supply chains.

Sustainability Initiatives:

• Increasing investment in verified sustainable supply chains

• Consumer-facing marketing that highlights ethical and natural sourcing

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🌍 Outlook: The Future of Agarwood Powder Is Sustainable and Diversified

The Agarwood Powder market is undergoing a significant evolution. While traditional incense and perfumery remain the core applications, the industry is witnessing increased investment in sustainable cultivation, technological innovation in processing, and diversification into new wellness and cosmetic segments.

📈 Key Trends Shaping the Market:

• Rise of plantation forestry to ensure supply chain sustainability and meet CITES regulations

• Growing consumer demand for transparency, driving traceability from forest to finished product

• Expansion into high-growth segments like aromatherapy, premium cosmetics, and nutraceuticals

• Technological advancements in inoculation and processing to improve yield and quality consistency

Get Full Report Here: Agarwood Powder Market – View in Detailed Research Report

The companies listed above are not only supplying a precious global commodity—they are pioneering the sustainable and ethical future of the Agarwood industry.

Download FREE Sample Report: Agarwood Powder Market – View in Detailed Research Report