Agarwood Chip global market

Agarwood Chip global market

Global Agarwood Chip Market Research Report 2025

This report on the global agarwood chip market research report 2025 offers a comprehensive analysis of market size, growth drivers, emerging trends, regional perform

Pages: 210

Format: PDF

Date: 12-2025

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Global Agarwood Chip Market Report (2025–2035)

Market Prediction

Chem Reports predicts that the Agarwood Chip Market was valued at USD xxxx units in 2024 and is expected to reach USD xxxx units by 2035, growing at a CAGR of xx% globally.

The Global Agarwood Chip Market Report 2020 provides an extensive industry analysis of development components, patterns, flows, and market sizes. It calculates present and past market values to forecast potential market performance during the forecast period (2025–2035).
This research study utilized both primary and secondary data sources, examining parameters such as government policy, market environment, competitive landscape, historical data, current trends, technological innovation, upcoming technologies, and technical progress in related industries.

Impact of COVID-19

Since the outbreak of COVID-19 in December 2019, the pandemic spread worldwide, with the World Health Organization declaring it a public health emergency. The global impacts of COVID-19 significantly affected the Agarwood Chip market in 2020, disrupting supply chains, demand cycles, and investment flows.

Market Segmentation

By Type

  • Organic
  • Conventional

By Application

  • Online Sale
  • Offline Retail

Regional Analysis

  • North America: U.S., Canada, Mexico
  • Europe: Germany, U.K., France, Italy, Russia, Spain, others
  • Asia-Pacific: China, India, Japan, Southeast Asia, others
  • South America: Brazil, Argentina, others
  • Middle East & Africa: Saudi Arabia, South Africa, others

Key Market Players

  • Hoang Giang Agarwood
  • Lao Agar International Development
  • Asia Plantation Capital
  • NAGALAND AGARWOOD
  • WEFIVE Group
  • K.A.B. Industries
  • Agarvina
  • Green Agro Agarwood Products
  • Sadaharitha Plantations
  • Assam Aromas
  • BINH NGHIA Agarwood
  • Po Luo Senko Agarwood
  • OudAsia
  • Myanma Treasure
  • Homegrown Concept Sdn Bhd

The Agarwood Chip market is projected to grow steadily from 2024 to 2035, driven by rising demand in luxury fragrances, traditional medicine, religious rituals, and wellness products. Agarwood chips, derived from Aquilaria trees infected with specific fungi, are prized for their rare aroma and cultural significance. Growth is supported by expanding online retail channels, sustainable plantation initiatives, and increasing consumer preference for natural and organic products.

Detailed Segmentation Analysis

By Type

  • Organic
    • Premium segment, preferred by high-end consumers.
    • Strong adoption in luxury perfumes, incense, and wellness products.
  • Conventional
  • Cost-effective, widely available.
  • Used in mass-market incense, traditional medicine, and cultural practices.

By Application

  • Online Sale
    • Fastest-growing channel, driven by e-commerce expansion and global accessibility.
  • Offline Retail
  • Traditional distribution through specialty stores, religious outlets, and luxury boutiques.

By Region

  • North America: Niche demand in luxury fragrances and wellness.
  • Europe: Strong adoption in perfumery and aromatherapy.
  • Asia-Pacific: Largest market, led by China, India, Japan, and Southeast Asia due to cultural and religious significance.
  • South America: Emerging demand in wellness and niche luxury markets.
  • Middle East & Africa: High demand in religious and cultural practices, particularly in Gulf countries.

Porter’s Five Forces Analysis

  1. Threat of New Entrants: Moderate – Entry barriers exist due to cultivation challenges and regulatory restrictions.
  2. Bargaining Power of Suppliers: High – Limited supply of agarwood trees and dependence on sustainable plantations.
  3. Bargaining Power of Buyers: Moderate – Luxury buyers demand quality and authenticity, but scarcity limits bargaining power.
  4. Threat of Substitutes: Low – Few alternatives replicate agarwood’s unique aroma and cultural value.
  5. Industry Rivalry: High – Competition among regional producers and global luxury brands.

SWOT Analysis

Strengths

  • Unique aroma and cultural significance.
  • Wide application in fragrances, medicine, and rituals.
  • Strong demand in Asia-Pacific and Middle East markets.

Weaknesses

  • Limited supply due to slow tree growth and infection requirements.
  • High prices restrict mass-market adoption.

Opportunities

  • Expansion of sustainable agarwood plantations.
  • Growth in online retail and global accessibility.
  • Rising demand for natural and organic luxury products.

Threats

  • Regulatory restrictions on agarwood trade.
  • Risk of illegal harvesting and supply chain disruption.
  • Intense competition among regional producers.

Trend Analysis

  • Sustainability Focus: Increasing investment in managed plantations to ensure long-term supply.
  • Luxury Market Growth: Rising demand for agarwood in perfumes and high-end incense.
  • Digital Expansion: Online platforms driving global accessibility and niche market growth.
  • Cultural Significance: Continued demand in religious and spiritual practices across Asia and the Middle East.

Drivers & Challenges

Drivers

  • Rising demand in luxury fragrances and wellness products.
  • Expansion of online retail channels.
  • Cultural and religious significance in Asia-Pacific and Middle East.

Challenges

  • Limited natural supply and long cultivation cycles.
  • Regulatory restrictions on trade and harvesting.
  • High prices limiting broader adoption.

Value Chain Analysis

  1. Raw Material Suppliers: Agarwood plantations, natural forests.
  2. Manufacturers: Regional producers (Hoang Giang Agarwood, Lao Agar International Development, Asia Plantation Capital).
  3. Distributors: Specialty stores, online platforms, luxury boutiques.
  4. End Users: Fragrance houses, wellness brands, religious institutions, individual consumers.
  5. Aftermarket Services: Certification, authenticity verification, and sustainable sourcing initiatives.

 

1. Market Overview of Agarwood Chip
    1.1 Agarwood Chip Market Overview
        1.1.1 Agarwood Chip Product Scope
        1.1.2 Market Status and Outlook
    1.2 Agarwood Chip Market Size by Regions:
    1.3 Agarwood Chip Historic Market Size by Regions
    1.4 Agarwood Chip Forecasted Market Size by Regions
    1.5 Covid-19 Impact on Key Regions, Keyword Market Size YoY Growth
        1.5.1 North America
        1.5.2 East Asia
        1.5.3 Europe
        1.5.4 South Asia
        1.5.5 Southeast Asia
        1.5.6 Middle East
        1.5.7 Africa
        1.5.8 Oceania
        1.5.9 South America
        1.5.10 Rest of the World
    1.6 Coronavirus Disease 2019 (Covid-19) Impact Will Have a Severe Impact on Global Growth
        1.6.1 Covid-19 Impact: Global GDP Growth,  Projections
        1.6.2 Covid-19 Impact: Commodity Prices Indices
        1.6.3 Covid-19 Impact: Global Major Government Policy
2. Covid-19 Impact Agarwood Chip Sales Market by Type
    2.1 Global Agarwood Chip Historic Market Size by Type
    2.2 Global Agarwood Chip Forecasted Market Size by Type
    2.3 Organic
    2.4 Conventional
3. Covid-19 Impact Agarwood Chip Sales Market by Application
    3.1 Global Agarwood Chip Historic Market Size by Application
    3.2 Global Agarwood Chip Forecasted Market Size by Application
    3.3 online sale
    3.4 Offline retail
4. Covid-19 Impact Market Competition by Manufacturers
    4.1 Global Agarwood Chip Production Capacity Market Share by Manufacturers
    4.2 Global Agarwood Chip Revenue Market Share by Manufacturers
    4.3 Global Agarwood Chip Average Price by Manufacturers
5. Company Profiles and Key Figures in Agarwood Chip Business
    5.1 Hoang Giang Agarwood
        5.1.1 Hoang Giang Agarwood Company Profile
        5.1.2 Hoang Giang Agarwood Agarwood Chip Product Specification
        5.1.3 Hoang Giang Agarwood Agarwood Chip Production Capacity, Revenue, Price and Gross Margin
    5.2 Lao Agar International Development
        5.2.1 Lao Agar International Development Company Profile
        5.2.2 Lao Agar International Development Agarwood Chip Product Specification
        5.2.3 Lao Agar International Development Agarwood Chip Production Capacity, Revenue, Price and Gross Margin
    5.3 Asia Plantation Capital
        5.3.1 Asia Plantation Capital Company Profile
        5.3.2 Asia Plantation Capital Agarwood Chip Product Specification
        5.3.3 Asia Plantation Capital Agarwood Chip Production Capacity, Revenue, Price and Gross Margin
    5.4 NAGALAND AGARWOOD
        5.4.1 NAGALAND AGARWOOD Company Profile
        5.4.2 NAGALAND AGARWOOD Agarwood Chip Product Specification
        5.4.3 NAGALAND AGARWOOD Agarwood Chip Production Capacity, Revenue, Price and Gross Margin
    5.5 WEFIVE group
        5.5.1 WEFIVE group Company Profile
        5.5.2 WEFIVE group Agarwood Chip Product Specification
        5.5.3 WEFIVE group Agarwood Chip Production Capacity, Revenue, Price and Gross Margin
    5.6 K.A.B. Industries
        5.6.1 K.A.B. Industries Company Profile
        5.6.2 K.A.B. Industries Agarwood Chip Product Specification
        5.6.3 K.A.B. Industries Agarwood Chip Production Capacity, Revenue, Price and Gross Margin
    5.7 Agarvina
        5.7.1 Agarvina Company Profile
        5.7.2 Agarvina Agarwood Chip Product Specification
        5.7.3 Agarvina Agarwood Chip Production Capacity, Revenue, Price and Gross Margin
    5.8 Green Agro Agarwood Products
        5.8.1 Green Agro Agarwood Products Company Profile
        5.8.2 Green Agro Agarwood Products Agarwood Chip Product Specification
        5.8.3 Green Agro Agarwood Products Agarwood Chip Production Capacity, Revenue, Price and Gross Margin
    5.9 Sadaharitha Plantations
        5.9.1 Sadaharitha Plantations Company Profile
        5.9.2 Sadaharitha Plantations Agarwood Chip Product Specification
        5.9.3 Sadaharitha Plantations Agarwood Chip Production Capacity, Revenue, Price and Gross Margin
    5.10 Assam Aromas
        5.10.1 Assam Aromas Company Profile
        5.10.2 Assam Aromas Agarwood Chip Product Specification
        5.10.3 Assam Aromas Agarwood Chip Production Capacity, Revenue, Price and Gross Margin
    5.11 BINH NGHIA AGARWOOD
        5.11.1 BINH NGHIA AGARWOOD Company Profile
        5.11.2 BINH NGHIA AGARWOOD Agarwood Chip Product Specification
        5.11.3 BINH NGHIA AGARWOOD Agarwood Chip Production Capacity, Revenue, Price and Gross Margin
    5.12 Po Luo Senko Agarwood
        5.12.1 Po Luo Senko Agarwood Company Profile
        5.12.2 Po Luo Senko Agarwood Agarwood Chip Product Specification
        5.12.3 Po Luo Senko Agarwood Agarwood Chip Production Capacity, Revenue, Price and Gross Margin
    5.13 OudAsia
        5.13.1 OudAsia Company Profile
        5.13.2 OudAsia Agarwood Chip Product Specification
        5.13.3 OudAsia Agarwood Chip Production Capacity, Revenue, Price and Gross Margin
    5.14 Myanma Treasure
        5.14.1 Myanma Treasure Company Profile
        5.14.2 Myanma Treasure Agarwood Chip Product Specification
        5.14.3 Myanma Treasure Agarwood Chip Production Capacity, Revenue, Price and Gross Margin
    5.15 Homegrown Concept Sdn Bhd
        5.15.1 Homegrown Concept Sdn Bhd Company Profile
        5.15.2 Homegrown Concept Sdn Bhd Agarwood Chip Product Specification
        5.15.3 Homegrown Concept Sdn Bhd Agarwood Chip Production Capacity, Revenue, Price and Gross Margin
6. North America
    6.1 North America Agarwood Chip Market Size
    6.2 North America Agarwood Chip Key Players in North America
    6.3 North America Agarwood Chip Market Size by Type
    6.4 North America Agarwood Chip Market Size by Application
7. East Asia
    7.1 East Asia Agarwood Chip Market Size
    7.2 East Asia Agarwood Chip Key Players in North America
    7.3 East Asia Agarwood Chip Market Size by Type
    7.4 East Asia Agarwood Chip Market Size by Application
8. Europe
    8.1 Europe Agarwood Chip Market Size
    8.2 Europe Agarwood Chip Key Players in North America
    8.3 Europe Agarwood Chip Market Size by Type
    8.4 Europe Agarwood Chip Market Size by Application
9. South Asia
    9.1 South Asia Agarwood Chip Market Size
    9.2 South Asia Agarwood Chip Key Players in North America
    9.3 South Asia Agarwood Chip Market Size by Type
    9.4 South Asia Agarwood Chip Market Size by Application
10. Southeast Asia
    10.1 Southeast Asia Agarwood Chip Market Size
    10.2 Southeast Asia Agarwood Chip Key Players in North America
    10.3 Southeast Asia Agarwood Chip Market Size by Type
    10.4 Southeast Asia Agarwood Chip Market Size by Application
11. Middle East
    11.1 Middle East Agarwood Chip Market Size
    11.2 Middle East Agarwood Chip Key Players in North America
    11.3 Middle East Agarwood Chip Market Size by Type
    11.4 Middle East Agarwood Chip Market Size by Application
12. Africa
    12.1 Africa Agarwood Chip Market Size
    12.2 Africa Agarwood Chip Key Players in North America
    12.3 Africa Agarwood Chip Market Size by Type
    12.4 Africa Agarwood Chip Market Size by Application
13. Oceania
    13.1 Oceania Agarwood Chip Market Size
    13.2 Oceania Agarwood Chip Key Players in North America
    13.3 Oceania Agarwood Chip Market Size by Type
    13.4 Oceania Agarwood Chip Market Size by Application
14. South America
    14.1 South America Agarwood Chip Market Size
    14.2 South America Agarwood Chip Key Players in North America
    14.3 South America Agarwood Chip Market Size by Type
    14.4 South America Agarwood Chip Market Size by Application
15. Rest of the World
    15.1 Rest of the World Agarwood Chip Market Size
    15.2 Rest of the World Agarwood Chip Key Players in North America
    15.3 Rest of the World Agarwood Chip Market Size by Type
    15.4 Rest of the World Agarwood Chip Market Size by Application
16 Agarwood Chip Market Dynamics
    16.1 Covid-19 Impact Market Top Trends
    16.2 Covid-19 Impact Market Drivers
    16.3 Covid-19 Impact Market Challenges
    16.4 Porter?s Five Forces Analysis
18 Regulatory Information
17 Analyst's Viewpoints/Conclusions
18 Appendix
    18.1 Research Methodology
        18.1.1 Methodology/Research Approach
        18.1.2 Data Source
    18.2 Disclaimer

Market Segmentation

By Type

  • Organic
  • Conventional

By Application

  • Online Sale
  • Offline Retail

Regional Analysis

  • North America: U.S., Canada, Mexico
  • Europe: Germany, U.K., France, Italy, Russia, Spain, others
  • Asia-Pacific: China, India, Japan, Southeast Asia, others
  • South America: Brazil, Argentina, others
  • Middle East & Africa: Saudi Arabia, South Africa, others

Key Market Players

  • Hoang Giang Agarwood
  • Lao Agar International Development
  • Asia Plantation Capital
  • NAGALAND AGARWOOD
  • WEFIVE Group
  • K.A.B. Industries
  • Agarvina
  • Green Agro Agarwood Products
  • Sadaharitha Plantations
  • Assam Aromas
  • BINH NGHIA Agarwood
  • Po Luo Senko Agarwood
  • OudAsia
  • Myanma Treasure
  • Homegrown Concept Sdn Bhd

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