Vetiver Oil Market Size, Trends, Demand, Growth & Forecast 2023-2028

The latest report by IMARC Group, titled “Vetiver Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global vetiver oil market size reached US$ 48.73 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 75 Million by 2028, exhibiting a growth rate (CAGR) of 7.20% during 2023-2028.

Vetiver oil is a highly aromatic essential oil derived from the roots of the vetiver plant, scientifically known as Vetiveria zizanioides. This perennial grass, native to India and grown in other tropical regions, is highly valued for its fragrant and therapeutic properties. The essential oil is obtained through a steam distillation process of the vetiver plant’s densely woven and aromatic roots. Vetiver oil is characterized by its deep, earthy, and woody fragrance with smoky undertones, making it a popular choice in perfumery and aromatherapy. Vetiver oil is used for its calming and grounding effects, helping to reduce stress and anxiety. Furthermore, vetiver oil possesses potential health benefits, such as its anti-inflammatory and antimicrobial properties. It is also used topically for skincare and as a natural remedy for certain skin conditions. At present, vetiver oil finds extensive applications in perfumes, colognes, and scented products across the globe due to its long-lasting and pleasant scent. 

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/vetiver-oil-market/requestsample

Vetiver Oil Market Trends and Drivers:

The global vetiver oil market is primarily driven by the rising product demand as a valuable ingredient known for its earthy and woody aroma owing to the growing popularity of natural and organic products in the fragrance and cosmetics industry. Apart from this, the heightening awareness of vetiver oil’s therapeutic properties, including its use in aromatherapy for relaxation and stress relief, has catalyzed market growth. Moreover, the sustainable cultivation of vetiver grass for oil extraction has accelerated its adoption in regions prone to environmental degradation due to its soil erosion control and land restoration properties. Additionally, the fragrance industry’s innovation in blending vetiver oil with other essential oils and its use in high-end perfumes is propelling market growth. Besides this, the increasing use of vetiver oil in natural and chemical-free pest control solutions, particularly in agriculture and forestry, is another major growth-inducing factor. Furthermore, the rising interest in sustainable and ethical sourcing of raw materials that align with vetiver oil’s production practices is contributing to market growth.

Report Segmentation:

The report has segmented the market into the following categories:

Product Insights: 

• Organic

• Conventional

Application Insights: 

• Spa and Relaxation

• Medical

• Food and Beverage

• Cleaning and Home

Market Breakup by Region:

• North America (United States, Canada)

• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

• Latin America (Brazil, Mexico, Others)

• Middle East and Africa

Competitive Landscape with Key Player:

• Absolute Aromas Ltd

• Albert Vieille (Givaudan SA)

• Aromatic Herbals Private Limited

• Berje Inc

• Edens Garden

• Ernesto Ventos S.A.

• StBotanica

• UniKode S.A.

• Van Aroma

• Vigon International LLC

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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