Haitian Vetiver Oil Market Expected to Reach US$29.7 mn by 2024

Global Vetiver Oil Market: Overview

Transparency Market Research offer an 8-year forecast for the global vetiver oil market between 2016 and 2024. In terms of volume, the market is expected to register a CAGR of 1.5% during the projected period. The primary objective of the report is to offer insights on the advancements in the vetiver oil market. The study demonstrates market dynamics that are expected to influence the current environment and future status of the global vetiver oil market over the forecast period. The primary objective of this report is to offer updates on trends, drivers, restraints, value forecasts, and opportunities for manufacturers operating in the global vetiver oil market.

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The global vetiver oil market has been witnessing significant increase in volume share owing to increasing prominence of aromatherapy. The globally increasing demand for therapeutic and aromatic oils is a result of the growing preference for convenient, harmless, and natural alternatives to allopathic solutions. Haitian vetiver oil is relatively popular in aromatherapy and has many medicinal properties, which include anti-inflammatory properties, cicatrisant properties, and antiseptic properties. It is known to have aphrodisiac effect, and is also used as tonic, nervine, and sedative. It also offers benefits to patients suffering from rheumatism, arthritis, gout, muscular aches, dryness, and cracking of the skin.

Global Vetiver Oil Market: Scope of the Study

A section of report discusses on how the overall competition in the market is steadily increasing. It discusses various factors that are shaping internal as well as external competition in the market. On the basis of product type, the market is segmented into organic and conventional. The natural ingredient status, beneficial cleansing properties, and pleasant aroma, vetiver oil is being increasingly used in personal-care products. This essential oil is used in creams and lotions for moisturizing and nourishing skin and thus expected to see a rise in market growth during the forecast period. In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyses on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities.

The report further talks about the market share of total vetiver oil market by different application segment including perfume and scent products, pharmaceuticals, food and beverages, and others. It also discusses key trends contributing to growth of the vetiver oil market globally, as well as analyses the degree to which drivers are influencing the market in each region. Key regions assessed in this report include North America, Latin America, Europe, Asia Pacific (APAC) and Middle East and Africa (MEA). Also, another key feature of this report is the analysis of all key segments in terms of absolute dollar. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global vetiver oil market.

Global Vetiver Oil Market: Competitive Analysis

In the final section of the report, a competitive landscape has been included to provide report audiences with a dashboard view. Detailed profiles of the providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the vetiver oil market.

Key players in the global vetiver oil market include International Fragrance and Flavor Inc., Lluch Essence SL, UniKode S.A., Frager S.A., Robertet Groupe, Ernesto Ventos SA, Floracopeia Inc., Fleurchem Inc., and Haiti Essential Oil Co. SA.

The global Haitian vetiver oil market is segmented into:

By Products

• Conventional

• Organic

By Application

• Perfume and Scent Products

• Pharmaceuticals

• Food and Beverages

• Others

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