From 2023 to 2033, there is expected to be a 3.8% CAGR in the global vetiver oil Market. By 2033, the market for vetiver oil is expected to reach a value of US$ 120 million from its current level of US$ 82 million. Asia-Pacific is the largest producer and consumer of vetiver oil, with countries such as India, Indonesia, and Haiti being major producers. Other regions, such as Africa and South America, are also emerging as major producers of vetiver oil.
The market for vetiver oil is highly competitive, with a large number of small and medium-sized producers operating in the industry. Some of the major players in the market include Albert Vieille, Frager S.A., Robertet Group, and UniKode S.A. The main challenges facing the vetiver oil market include the limited availability of vetiver grass, which is a slow-growing crop, and the increasing competition from synthetic fragrance and flavor ingredients. However, the growing demand for natural and sustainable products is expected to drive the market for vetiver oil in the coming years
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Segmentation of Vetiver Oil Industry Research
- By Source :
- Organic
- Conventional
- By Form :
- Absolute
- Concentrates
- Blends
- By Application :
- Therapeutics
- Spa & Relaxation
- Food & Beverages
- Cleaning & Home
- Others
- By Distribution Channel :
- Modern Trade
- Franchise Outlets
- Specialty Stores
- Online Retail Stores
- By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Competition Tracking
The report has projected that companies such as
- Citrus and Allied Essences Ltd.
- Bontoux S.A.S
- Mountain Rose Herbs Inc.
- Aromaaz International
- Biolandes
- Greenleaf Extractions Private Limited
- Plant Therapy Essential Oils
- Synthite Industries Ltd
- Young Living Essential Oils LC
- Green Fields Oil Factory
- and IL Health and Beauty Natural Oils Co. Inc
Following extracts from FACT.MR’s global vetiver oil market will be ardent to the future prospects in the market
- Organic seems to be growing at a faster rate within the source type segment in the global vetiver oil market. The natural sub segment is expected to represent approximately 78% of the market by 2022 with a moderate growth rate. Per year, the growth of the natural source type reaches a value more than US$ 20 Mn
- European region favors the vetiver oil market. it is expected to dominate the global vetiver oil market and grow at a moderate pace during the forecast period of 2017 to 2022. It is the most lucrative region for vetiver oil and reflects higher market attractiveness, followed by Japan
- Within the form type segment, the blend sub segment is poised to show a higher growth rate throughout the forecast period followed by absolute and blends sub segment of the vetiver oil market. For all the three form types, Europe stays the most lucrative region exhibiting a higher revenue market share compared to other regions.
- Food and beverages remains the largest application segment in the period of forecast. Towards the end of the forecasted period, that is by 2022, this segment is expected to show a revenue of almost US$ 200 Mn.
- The online sub segment of the distribution channel is expected to grow at a higher rate in the forecasted period. In 2017, the online sub segment reflected a revenue of approximately US$ 74 Mn and is poised to reach more than US$ 90 Mn.
Key Question answered in the survey of Vetiver Oil market report:
- Sales and Demand of Vetiver Oil
- Growth of Vetiver Oil Market
- Market Analysis of Vetiver Oil
- Market Insights of Vetiver Oil
- Key Drivers Impacting the Vetiver Oil market
- Which are the Key drivers impacted by Vetiver Oil market
- Restraints Shaping Market Growth
- Market Survey of Vetiver Oil
More Valuable Insights on Vetiver Oil Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Vetiver Oil, Sales and Demand of Vetiver Oil, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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