Global Vetiver Oil Market Research Report 2031 (Business Opportunities - Advertising Service)

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Global Vetiver Oil Market Research Report 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.

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Last Update : 14 May 2022 5:16 PM
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2023-01-27 (0.395 sec)