Global Vetiver Oil Market Analysis, Application & Forecast to 2031
Posted by Sonika on May 14th, 2022
Bharat Book Bureau Provides the Trending Market Research Report on “Vetiver Oil Market : Segmented By Product Type (Organic and Conventional), By Application (Perfumery, Toiletries, Air Fresheners, Pharmaceutical, Cosmetics, Food And Beverages And Others), And Region – Global Analysis Of Market Size, Share & Trends For 2019–2020 And Forecasts To 2031”under Chemical & Materials Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence and Market reports.
Global Vetiver Oil 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. It also has widespread application in several fragrance products including perfumes, deodorants, cosmetics, lotions, soaps, and scented toiletries.
Vetiver Oil Market: Segments
Based on Type, the global Vetiver Oil Market is segmented into Organic and Conventional. Among the type segments, the organic segment is predictable to hold the majority revenue share in the market and is expected to continue during the forecast years. Organic Vetiver Oil is an extremely concentrated aromatic liquid obtained through the steam distillation of roots and rhizomes. It is an important oil produced by steam distillation from dried rootstock followed by hydro distillation for several hours, which results in a good yield (approximately 25%) of clear to pale yellow colored oil with a fresh woody-earthy smell used as a perfume ingredient.
A pharmaceutical segment to grow with the highest CAGR during 2021-31
Based on application, the global Vetiver Oil Market fragmented into perfumery, toiletries, air fresheners, pharmaceutical, cosmetics, and food and beverages, and Others. The pharmaceutical segment is expected to measure the highest share during the forecast year. The pharmaceutical industry uses vetiver oil for formulating concoctions aimed at treating skin diseases, averting stretch marks, firming up the central nervous system, and overcoming conditions such as depression, anxiety, stress, insomnia, nervousness, and tension. It is also used as an aphrodisiac, as a cicatrizant (for the eradication of scars), and as a relieving embrocation for rheumatism, lumbago, sprains, and headaches.
Rise in demand from major end-use industries
The components responsible for the growth of this market include growing demand from major end-use industries such as pharmaceuticals in the US and Canada. The increasing consumer awareness related to natural products coupled with the growing trend towards organic food is expected to create new opportunities for market players operating in Vetiver Oil Market.
Change in lifestyle among the urban population
Change in lifestyle among urban population and growth of media influence is driving the demand for vetiver oil as an essential massage oil for aromatherapy. Additionally, the oil is used for flavoring sherbets (Indian cool drinks). With extreme climatic circumstances and a rise in humidity, the demand by consumers for flavored beverages is on a rise. This mainly favors the demand for vetiver oil, thus driving the growth of the global market.
Vetiver oil is expensive, and it has various competitors as an essential oil; hence, the market growth is predicted to be hampered.
Vetiver Oil Market: Key Players
Global Vetiver Oil market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. The Vetiver Oil market in Europe is expected to expand at a rapid pace during the forecast period. The increasing adoption of aromatherapy among customers will further increase the demand as the majority of consumers are utilizing vetiver oil due to its pleasant scent and antioxidant properties.Global Vetiver Oil is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – the United States and Canada
Browse our full report with Table of Content :
About Bharat Book Bureau:
Contact us at:
About the AuthorSonika
Joined: January 22nd, 2019
Articles Posted: 539
BitKong: Fairest and most thrilling Bitcoin casino on the market
Win serious funds fast when you stack the BitKong bonus combo, cash in on the referral program, or hit the massive jackpot then walk away with your life changed.
Lolli: Earn Free Bitcoin When You Shop Online!
Lolli is a rewards application that gives you bitcoin for shopping at your favorite online stores.
Cointiply Bitcoin Faucet - Earn Free Bitcoin
Earn free Bitcoin from the best Bitcoin faucet & rewards platform. Complete offers & surveys, watch videos & play games to earn even more Bitcoin.
Get free ZEN through the Horizen faucet. Our faucet is a great way to receive free rewards and begin your journey into the world of cryptocurrency. Start earning now.
KRYPTO KLUB is a Cryptocurrency Club for Blockchain Beginners to the Most Advanced Cryptocurrency Day Traders. Hangout with Trusted KKC Members, Find Safe Crypto Fun, Crypto News and Information in KRYPTO CLUB! KRYPTO KLUB is The Most Bad Ass Crypto Club
Crypto Casino Games - The 16 Best Bitcoin Gambling Games (BC)
BC.game offers the best crypto casino games and gambling games. Supports BTC, BTC-LN, ETH, DOG,EOS, TRX, XMR, LTC, XRP, TRTL, and SERO. Fast payouts, provably fair provably, and free coins.