Global Vetiver Oil Market Size, Study, by Product, Application and Forecasts 2031 (Business Opportunities - Advertising Service)

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Global Vetiver Oil Market Size, Study, by Product, Application and Forecasts 2031


Product Overview
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. The all-natural essential oil is known to improve breathing problems during sleep, protect from ticks, among countless other health benefits.

Market Highlights
Global Vetiver Oil market is expected to project a notable CAGR of 9.49% in 2031.

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
An organic segment to grow with the highest CAGR during 2021-31

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.

Market Dynamics
Drivers

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.

Browse our full report with Table of Content :
https://www.bharatbook.com/report/1343386/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-and-forecasts-to

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Last Update : May 14, 2022 7:29 AM
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