According to Market Intelo’s latest market research analysis, the cedarwood oil market was valued at approximately USD 235 million in 2023 and is projected to reach USD 410 million by 2032, growing at a compound annual growth rate (CAGR) of 6.4% during the forecast period. This growth trajectory is supported by expanding demand from the personal care & cosmetics segment, increased utilization in wellness products, and consistent innovation by manufacturers focused on purity and sustainable sourcing.