The global demand for Vetiver Oil Market is presumed to reach the market size of nearly USD 5.39 MN by 2028 from USD 2.58 MN in 2021 with a CAGR of 11.1% under the study period 2022 - 2028. Regarding volume, the market was calculated XX Ton in 2021 and forecast to touch XX Ton by 2028 with a CAGR of XX% during 2022-2028.
Vetiver oil belongs to the grass family and is obtained from the roots of the vetiver plant. Vetiver oil is commonly used to produce fragrances, soaps, cosmetics, and other items. Vetiver oil usually has a unique and earthy scent, which is widely used in making fragrances for body perfumes, oils, room coolers, fresheners and soap. Vetiver oil is used to treat depression, insomnia, nervous tension, and other stress-related diseases. Vetiver oil fragrances can also be very effective in aromatherapy. Vetiver oil is commonly used in personal care and cosmetics, cleaning and homecare, perfumes and many more.
The properties of vetiver, such as pleasant fragrance, and high solubility in alcohol and other liquids, have created immense growth opportunities for the vetiver oil market. The increasing use of vetiver oil as a flavouring agent within the food and beverage segment, including ice creams, milkshakes, and some other cool drinks, is poised to help in the market growth over the forecast period. Moreover, higher disposable income and a luxury lifestyle contribute to adopting quality cosmetic and medical products under which vetiver oil is used. Furthermore, the popularity of vetiver oil in the pharmaceutical sector due to its characteristics, such as strengthening the central nervous system, may serve as a crucial aspect of enhancing market growth. Vetiver oil is also effective in reducing stress, anxiety, and insomnia. Therefore, it is largely used in spas and salons. All these factors may serve as growth accelerators for the vetiver oil market. However, vetiver oil is expensive, which may hamper the market growth.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of vetiver oil. The growth and trends of vetiver oil industry provide a holistic approach to this study.
This section of the vetiver oil market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
- Food & Beverage
- Spa & Relaxation
- Aromatherapy (Massage Oil, Personal Care)
- Cleaning & Home
This section covers the regional outlook, which accentuates current and future demand for the Vetiver Oil market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Vetiver Oil Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the vetiver oil market include Aromatic Herbals Private Limited, Unicode S.A, Frager SA, Manohar Botanical Extracts Pvt. Ltd., Rajkeerth Aromatics and Biotech Pvt. Ltd., Imperial Extracts, and Amphora Aromatics Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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