Global Vetiver Oil Market to surpass USD 1.54 billion by 2031 from USD 0.62 billion in 2021 at a CAGR of 9.49% in the coming years, i.e., 2021-31. The market is predicted to witness rising product demand due to its increasing applications in pharmaceutical, food and beverage, and fragrance. The growing application of the product in the fragrance industry is expected to drive market growth over the forecast years.
“The vetiver oil Market is an important oil derived from the vetiver plant. The material has a strong fragrance and is extensively used in perfumes and colognes. It is broadly used in aromatherapy due to its strong antioxidant properties. These properties also make it useful as a preservative for food and pharmaceutical products. Furthermore, the antimicrobial feature of vetiver oil makes it appropriate in cleaning and homecare products. “
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- Market size & share analysis
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- Market growth drivers and restraints
- Market opportunities & challenges
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Key Players in the Market
UniKode S.A., Fleurchem, Inc., Aromatic Herbals Private Ltd., Frager S.A., Manohar Botanical Extracts Pvt. Ltd., Imperial Extracts, Falcon, Van Aroma
Market Dynamics
Drivers
- The rise in demand from major end-use industries
- Change in lifestyle among the urban population
Restraint
- High cost
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Global Vetiver Oil Market- Geographical Analysis
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
- MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
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