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Demand & Uses of Agarwood (Oud)

Agarwood (Oud) is a fragrant dark resinous wood used in incense, perfume, medicine and distilled into Agarwood (Oud) oil, etc. The resin-embedded wood is valued in many cultures and religious purposes (eg. Middle East, China, Japan, India, etc).

Middle East (GCC)

China & N. Asia

Europe
Agarwood (Oud) Oil, Chips
Wellness / Daily Products / Religious and Cultural Usage
Medicinal, Tea, Wellness
TCM (Traditional Chinese Medicine) or Medicinal Products / Wellness / Daily Products
Fragrance
Main stream perfumers as a base note in fragrances.

Global Agarwood (Oud) Demand


Europe
Fragrance Industry
The global perfumes market is estimated to be valued at $57 billion in 2023 and is expected to grow to over $67 billion by 2031.

Middle East
Religious & Wellness
Wellness, Daily Products, Religious and Cultural Usage with total estimated GDP of USD 2 trillion.


China/Japan/Taiwan
Traditional Medicine & Wellness
The global Pharma market is estimated to be around USD18 trillion as of 2023 with continued growth expected.

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