According to Cognitive Market Research, the global Agarwood market size was USD 145.2 million in 2024. It will rise at the compound annual growth rate (CAGR) of 5.00% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 58.08 million in the year 2024 and will rise at the compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 43.56 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 33.40 million in the year 2024 and will rise at the compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 7.26 million in 2024 and will rise at a compound annual growth rate (CAGR) of 4.4% from the year 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 2.90 million in 2024 and will rise at a compound annual growth rate (CAGR) of 4.7% from the year 2024 to 2031.
The organic category is the fastest growing segment of the Agarwood industry
