Agarwood, being the most expensive and demanding tree of the world, is facing a great threat. There is a huge demand-supply mismatch. The demand for agarwood resins is high since the products are of high importance in the lives of the people. From time immemorial, Agarwood has been a part and parcel of the Islamic and Buddhist rituals. The Japanese have also given great consideration for Oud or Agarwood. The fragrance is what stands out the most. With stunning and incredible fragrances, Agarwood has captured the hearts of millions of people. Production houses, celebrities, business houses, households, religious institutions, celebrities are all running behind agarwood as it marked a signature aroma.
But since the resin occurring in the agarwood tree is not on a fast pace, the demands cannot be met easily. Even though there are 16 species of this tree, the overall production of Oud does not meet even 20% of the global demand. The alarming demand has led to overexploitation of resins which in turn is leading to the extinction of the trees. To avoid the extinction of Agarwood Trees, people have come forward with agarwood plantations in private properties, lawns or their own house gardens. After all, Oud plantations is an easy practice.
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The demand for Agarwood is not going down and it never will. With such an alarming rate of demand in the world, there are always hope and assured profits for the agarwood plantations. Growing agarwood in India is also one such situation. India is one of the South East Asian countries which have adequate conditions for the growth of Agarwood- the sand, the weather, and other influencing factors. With great care and proper management, Agarwood can be successfully cultivated in India. From small spaces to large hectares of land, Agarwood can easily be harvested.
Since the demand is high and supply is low, Agarwood is very expensive. The expensive nature of the tree impacts the market value of the same. Since the import value is also grand for Agarwood, the return on investments is also guaranteed to be overwhelming. The Market looks forward to a tremendous income through agarwood tree in India as most of the places in the country are fit for the growth of Agarwood, especially the East and South Asia. Having such a great asset in the country assures a profitable business and revenue.
Agarwood or Oud products include Oud Tea and Oud Oil. Oud Oil and Oud tea have plenty of health benefits; not only for the body but also for the mind. The consumption or application of Oud products assure a happy and healthy life; includes balanced blood pressure and diabetes, sound sleep, stimulating and anti-depressing, healthier joints and lot more. The expensive nature of Agarwood is because of the demand-supply mismatch and the exploitation of resins. This opens a great opportunity for Indians to invest in agarwood plantation. The results will definitely be fruitful as the market for the world’s most needed tree is always roaring.