Global
Haitian Vetiver Oil Market: Overview
A
report by Transparency Market Research furnishes an executive-level
blueprint of the global Haitian
vetiver oil market.
For the purpose of study, the market has been bifurcated into
conventional and organic vetiver oil, which are the two types
available in the market. Among the two, the organic vetiver oil is
predicted to outpace its conventional counterpart due to the
increasing demand for natural vetiver oil from fragrance and
pharmaceutical industry worldwide. The conventional vetiver oil held
67.1% of the value share and organic the remaining 32.9% in 2016.
Depending
upon application again the report segments the market into perfume
and scent products, pharmaceuticals, and food and beverages, among
others. It studies each segment in details to understand the dynamics
in the market.
The
overview section of the report includes a detailed analysis of the
market’s growth drivers, restraints, trends, and opportunities.
Using leading analytical tools, the report evaluates the strength,
weaknesses, opportunities, threats, and possible bottlenecks that the
leading companies in the market may encounter. Based on information
sourced through primary and secondary research, the report draws
refined growth forecasts for the market.
For
more information on this report, fill the form @
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=23951
Global
Haitian Vetiver Oil Market: Trends and Opportunities
Volume-wise,
the global vetiver oil market is anticipated to expand at a CAGR of
1.5% during the forecast period to account for 112.6 Metric Tons (MT)
by 2024 end. A factor majorly boosting the market is the rising ranks
of discerning consumers who are increasingly concerned about the
quality of the product. Such consumers demand information on the
origin of raw materials used in food and beverages. The abundant and
indiscriminate use of synthetic chemicals in the agricultural sector,
especially in certain developing countries, has prompted such
scrutiny in consumers.
Other
factors stoking growth in the market are demand from the fragrance
industry and the food industry. Haitian vetiver oil is used as a
flavoring agent, owing to its aroma and nutrition quotient, in food
industry. Additionally, vetiver oil is also finding growing
application in aromatherapy owing to its safe and established role as
a historical therapeutic oil in eastern countries. Because of its
anti-inflammatory and antiseptic properties, it is also being
increasingly used in the pharmaceutical industry. This will also
likely drive the growth in the market in the near future.
Global
Haitian Vetiver Oil Market: Regional Outlook
Geographically,
the key segments of the global Haitian vetiver oil market are North
America, Latin America, Europe, Asia Pacific (APAC) and Middle East
and Africa (MEA). In Europe, about 74.4% volume of Haitian vetiver
oil was used in the production of perfumes and scents in 2016. In
North America, however, conventional vetiver oil is expected to pare
some of its market share from 2016 to 2024 because of rising consumer
interest in the quality and safety of the product.
The
three regions of Europe, Asia Pacific, and North America are
predicted clock significant growth rates between 2016 and 2024. Asia
Pacific, which held 4.7% vis-à-vis volume is predicted to gain 40
BPS to account for 5.1% volume share by 2024.
Companies
Mentioned in the Report
Some
of the key players competing in the global Haitian vetiver oil market
are UniKode S.A., International Fragrance and Flavor Inc., Robertet
Groupe, Lluch Essence Sl, Frager S.A., Fleurchem Inc., Ernesto Ventos
Sa, Floracopeia Inc., and Haiti Essential Oil Co., SA.
Key
Segments Covered
By
Product Type
- Conventional
- Organic
By
Application
- Perfume and Scent Products
- Pharmaceuticals
- Food and Beverages
- Others
By
Geography
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
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