LATAM sandalwood market Size & Outlook, 2026-2034
LATAM sandalwood market Insights
- Based on Reed Intelligence findings, the LATAM sandalwood market size reached USD 23.79 Billion in 2025 and is expected to grow to USD 42.1 Billion by 2034.
- During 2026–2034, the market is forecasted to advance at a CAGR of 6.4%.
- represented the largest share of the market in terms of size in 2025.
- Among the segments, is forecasted to achieve the highest growth and remain the most lucrative through the forecast period.
Source: RI Analysis Company Publications, Primary Interviews.
Other Key Findings
- The global sandalwood market size saw LATAM holding a share of 9.71% in 2025.
- United States is forecasted to account for the leading share of the global market by 2034.
- In LATAM, Argentina is forecasted to be the fastest-expanding market, projected to reach USD 5.09 Billion by 2034.
Report Summary
| Report Scope | Details |
|---|---|
| Base Year for Study | 2025 |
| Study Period | 2022-2034 |
| Historical Period | 2022-2024 |
| Forecast Period | 2026-2034 |
| Market Size In 2025 | USD 23.79 Billion |
| Market Size In 2034 | USD 42.1 Billion |
| Largest segment | |
| Units | Revenue in USD Billion |
| CAGR | 6.4% (2026-2034) |
| Segmnetation Covered | |
| LATAM |
|
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
LATAM sandalwood market Country 2026-2034 (USD Billion)
| LATAM | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Brazil | XX.x | XX.x | XX.x | 9.28 | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Mexico | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Argentina | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Colombia | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Chile | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Total | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
Source: RI Analysis Company Publications, Primary Interviews.