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The Global Vetiver Oil Market Analysis| Coherent Market Insights

The Global Vetiver Oil Market is expected to exhibit a CAGR of 13.71%,during 2017 u2013 2025.

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The Global Vetiver Oil Market Analysis| Coherent Market Insights

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. VETIVER OIL MARKET ANALYSIS VetiverOil Market, by Application (Fragrances, Food & Beverages, Pharmaceuticals, and Others), and by Geography - Global Trends and Forecast till 2025

  3. Market Inisights • Vetiver oil is an essential oil that is extracted through steam distillation of vetiver roots. The vetiver plant is found in India, Haiti, and Indonesia. It has a soothing and stabilizing scent, which increases its utilization in fragrances, and is further used as a major constituent in approximately one-fifth of all fragrances. The oil’s soothing and calming aroma has led to its increased adoption as a complementary treatment for anxiety, depression, and other mental health disorders, including ADHD and PTSD. Among applications, the pharmaceutical segment is expected to be the fastest growing segment in the market, owing to its sedative, nervine, and antiseptic properties. Moreover, vetiver oil can be used as a pest repellant in conjunction with other essential oils.

  4. Low quality and quantity of raw materials used for the production of vetiver oil is the major factor restraining growth of the vetiver oil market. Harvesting the crop at inappropriate times reduces the quality and value of the vetiver roots. Rampant premature harvesting of roots practiced by farmers in Haiti is mainly due to poor financial conditions of farmers in the region.

  5. Figure 1. Global Vetiver Oil Market Share, by Region, 2016

  6. Regional Analysis • North America and Europe accounted for a major share in the global vetiver oil market, in terms of revenue, in 2016. North America held a share of 30.9%, in terms of revenue, followed by Europe (37.2 %). The dominance can be attributed to a highly developed and mature market for fragrances in these regions. Asia Pacific was valued at US$ 9.0 million in 2016 and is expected to exhibit a CAGR of 16.45%, to reach US$ 34.17 million by 2025. Growing demand for vetiver oil in Asia Pacific due to rising consumer awareness coupled with growing demand for fragrances has augmented the market growth. Moreover, increased utilization of vetiver oil as flavoring in pan masala and chewing tobacco has fueled the market growth. According to World Health Organization (WHO), in 2016, South Asia accounted for around 80% of the world’s chewable tobacco users.

  7. Latin America is also projected to be an attractive target region for sales of vetiver oil. This is attributed to a highly developed market for fragrances. According to ABIHPEC (AssociaçãoBrasileira da Indústria de HigienePessoal, Perfumaria e Cosméticos), Brazil was the world’s largest market for sales of fragrances in 2016. However, the slowdown of Brazil’s economy affected sales of fragrances. The Brazilian economy shrank by 3.6% and 3.8% in 2016 and 2015 respectively. According to the International Monetary Fund, the Brazil economy is expected to bounce back and grow by 1% in 2017. • Europe was valued at US$ 20.89 million in 2016. Increasing demand from the pharmaceuticals industry for treatment of mental health disorders has fueled the market growth. According to WHO, in 2014, around 83 million people were affected by mental health disorders in Europe. Moreover, high sales of fragrances in Western European countries has fueled the vetiver oil market growth. • The global vetiver oil market was valued at US$ 56.34 million in 2016 and is expected to exhibit a CAGR of 13.71%, in terms of revenue, during 2017 – 2025

  8. Competitive Section Major players operating in the global vetiver oil market include International Fragrance and Flavor Inc., Lluch Essence SL, UniKode S.A., Frager S.A., Robertet Group, Ernesto Ventos S.A., Floracopeia Inc., Fleurchem Inc., and Haiti Essential Oil Co. S.A.

  9. Request Sample Report • Request Customization • Download PDF Brochure • Talk to Analyst Reference: https://www.coherentmarketinsights.com/market-insight/vetiver-oil-market-1064

  10. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

  11. Contact Us Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com

  12. Thank You! Kindly follow CMI Social Media Profiles for the latest company updates Facebook Linkedin Twitter https://www.coherentmarketinsights.com/

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