The global agarwood chip market size was valued at USD 10.06 billion in 2024 and is projected to reach from USD 10.71 billion in 2025 to USD 17.61 billion by 2033, growing at a CAGR of 6.41% during the forecast period (2025-2033). Agarwood chips are a source of continuous demand in this industry since they are believed to have health benefits and are utilized in traditional medicine across Asia and the Middle East.