Global
Vetiver Oil Market: Overview
Vetiver
oil is an essential oil obtained from the roots of vetiver, a plant
which is native to India and is known for its perfumery and medicinal
value since ancient times. The oil is known to be one of the most
complex blends of hydrocarbons and sesquiterpene alcohols and is also
one of the most viscous natural oils known to the mankind with a very
slow rate of volatility. The slow rate of evaporation of vetiver oil
in combination with its pleasant fragrance makes it a highly regarded
fragrance by itself. The high solubility of vetiver oil in alcohol,
which enhances its capability of being mixed with other materials
used in perfumes, makes it a unique resource for the perfume
industry, a synthetic substitute for which is yet to be found.
Other
than the perfume industry, vetiver oil finds diverse applications in
the fields of food and beverages, medicines, and toiletries. Over the
past few years, the global
vetiver oil market has tread along a steady growth path and
vetiver oil is expected to witness a surging rise in demand owing to
its vast demand in major end-use industries.
The
report on global vetiver oil market provides a comprehensive overview
of the key factors that are projected to have a major influence on
the developmental prospects of the market in present and future
times. The report includes detailed qualitative as well as
quantitative data pertaining to key market segments and analyzes the
market from a global as well as a regional standpoint.
Global
Vetiver Oil Market: Key Trends and Opportunities
Some
of the major applications of vetiver oil can be seen in industries
such as perfumery, toiletries, air fresheners, cosmetics, and food
and beverages, where it is used as a flavor as well as for food
preservation purposes and in pharmaceuticals. The pharmaceutical
industry utilizes vetiver oil for formulating concoctions aimed at
treating skin diseases, preventing stretch marks, strengthening 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.
The
perfume industry currently accounts for the largest share in the
global vetiver market based on demand. However, the pharmaceutical
industry is steadily emerging as a major consumer of the product, and
the surging demand from this end-use segment is expected to be a
major driver of the global vetiver market over the report’s
forecast period.
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Vetiver
oil produced in different countries differs in terms of odor notes –
the essential oil produced from Haitian vetiver varieties has well
defined roseate notes and is highly regarded in the perfume industry.
On the other hand, the oil obtained from Indian vetiver varieties is
known best for its balsamic woody note.
Global
Vetiver Oil Market: Region-wise Outlook
Countries
such as Haiti, India, Indonesia, Japan, China, and Brazil are the
main producers of vetiver oil in the global market, and Japan, India,
Europe, and the U.S. are among the chief consumers of the product.
Over
the report’s forecast period, the market for vetiver oil in Asia
Pacific is expected to witness significant growth owing to the
exponential rise in demand from the food and beverages and
pharmaceutical industries. The perfume industry in Europe and North
America is expected to be a major demand driver as well.
Global
Vetiver Oil Market: Competitive Landscape
Some
of the major vendors operating in the global vetiver oil market are
Unikode S.A., Frager S.A., Floracopeia, Kautilya Phytoextracts Pvt.
Ltd., Manohar Botanical Extracts Pvt. Ltd., Fleurchem, Inc., Vee Kay
International, and Rajkeerth Aromatics.
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
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