Haiti holds the major share in the production of global vetiver oil

Posted by shanigaram karthik on August 5th, 2019

Market Overview:

Haitian vetiver oil is much advantageous for health and safety, it can have therapeutic and medicinal effects for the skin just as on nervous systems. As Haitian vetiver oil can be useful in treating different skin or nerve issue, it is used in various skin medications and beauty products. Getting rid of acne and pimples, diminishing skin flaws, treating dry skin issues, among others, are some of the skin-related issues that can be relieved with the assistance of Haitian vetiver oil. Moreover, Haitian vetiver oil is a rich wellspring of cancer prevention agents, which is observed to be useful in hostile to maturing of the skin. The world Haitian vetiver oil ingredients market was valued USD 33.48 million in 2018 and expected to be growing at a CAGR of 1.5%, to reach USD 36.07 million by 2023.

Market drivers and restraints:

Growing demand for vibrant flavors and aroma in the food products is also propelling the demand for Haitian vetiver oil as food additives. In the world Haitian vetiver oil market, Haiti holds the largest share in the production of global vetiver oil. India, U.S., Europe, Japan are the major customers of Haitian vetiver oil in the global Haiti vetiver oil market. With the rising demand of Haiti vetiver oil among customers, it can be estimated that the demand for Haiti vetiver oil will grow over the forecast period.

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Report segmented as:

By nature:

  • Organic
  • conventional

By grade:

  • food grade
  • industrial grade

By end user:

  • food & beverages processing
  • aromatherapy
  • perfume products
  • pharmaceutical

Geographical analysis:

Based on geography, the global Haitian vetiver oil market is divided into North America, Latin America, Europe, Middle East and Africa, and the Asia Pacific. The Asia Pacific market is required to observe critical growth over the expected time frame attributable to its growing demand in different applications, for example, pharmaceutical, fragrance, and food sectors.

Important market players:

Major companies operating in the global Haitian vetiver oil market are Albert Vieille SAS, Unicode S.A., Vigon International, Texarome Inc., Ananda, LLC, Berje Inc., Jedwards International, Inc., Haiti Essential Co Ltd., Givaudan SA, Fleurchem, Inc., Floracopeia Inc., Ernesto Ventós, S.A., Robertet Groupe, and Frager S.A.

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for a better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

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shanigaram karthik

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shanigaram karthik
Joined: June 19th, 2019
Articles Posted: 71

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