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Vetiver Oil Market Size Worth $88.0 Million By 2027 Growing At A CAGR Of 9.4% | Grand View Research, Inc.

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Vetiver Oil Market Size Worth $88.0 Million By 2027 Growing At A CAGR Of 9.4% | Grand View Research, Inc.

July 09
13:20 2021
Vetiver Oil Market Size Worth $88.0 Million By 2027 Growing At A CAGR Of 9.4% | Grand View Research, Inc.

“Grand View Research, Inc. – Market Research And Consulting.”
According to a new report published by Grand View Research, Mounting demand for flavor and fragrances by end-use industries such as personal care and cosmetics, perfumery, and food and beverage is projected to drive the market.

The global vetiver oil market size is expected to reach USD 88.0 million by 2027, expanding at a revenue-based CAGR of 9.4%, according to a new report by Grand View Research, Inc. The market is expected to witness surging product demand owing to its increasing applications in pharmaceutical, food and beverage, and fragrance. The growing use of the product in the fragrance industry is expected to boost market growth over the forecast period. It also has widespread usage in varied fragrance products including perfumes, deodorants, cosmetics, lotions, soaps, and scented toiletries. R&D related to the synthesis of the molecules present in the product particularly is expected to provide a unique odor to this product and thereby increase its usage in the fragrance industry.

Vetiver oil has widespread usage in medical applications such as the treatment of gout, arthritis, muscle aches, cramps, and rheumatism, which is further expected to favorably impact market growth. Furthermore, this essential oil sedates nervous irritations, convulsions, and emotional outbursts such as epileptic, restlessness, and hysteric attacks. The product is also used to ease inflammation of the nervous as well as circulatory systems.

The increasing use of vetiver oil as a flavoring agent in the food and beverage segment including ice creams, milkshakes, and several other cool drinks is expected to favorably impact market growth over the forecast period. Furthermore, vetiver oil is also used in certain canned foods such as asparagus as well as peas, wherein the product is used to reinforce natural odor as well as taste. 

Vetiver Oil Market Report Highlights

 The vetiver oil market is anticipated to reach 748.4 tons by 2027 in terms of volume, at a volume-based CAGR of 7.8% from 2020 to 2027

In terms of revenue, the food and beverages application segment is projected to ascend at a CAGR of 9.8% over the forecast period

In terms of volume, spa and relaxation emerged as the largest application segment in 2019 owing to increasing consumption of personal care and cosmetics products in developing economies

Asia Pacific is projected to witness a remarkable growth rate of 8.9%, in terms of volume, in the near future, owing to the increasing consumption of personal care and cosmetic products in the region.

Some of the key companies present in the industry are UniKode S.A.; Fleurchem, Inc.; Aromatic Herbals Private Ltd.; Frager S.A.; Manohar Botanical Extracts Pvt. Ltd.; Imperial Extracts; Falcon; and Van Aroma.

For Requesting a Sample Copy Please Visit @ https://www.grandviewresearch.com/industry-analysis/vetiver-oil-market/request/rs15

Vetiver Oil Market Segmentation

Grand View Research has segmented the global vetiver oil market on the basis of application and region:

Vetiver Oil Application Outlook (Volume, Tons; Revenue, USD Thousand, 2016 – 2027)
    • Medical
    • Food & Beverage
    • Spa & Relaxation
             • Aromatherapy
             • Massage Oil
             • Personal Care
                         • Cosmetics
                         • Toiletries
                        • Fragrances
    • Cleaning & Home

Vetiver Oil Regional Outlook (Volume, Tons; Revenue, USD Thousand, 2016 – 2027)
     North America
        • The U.S.
        • Canada
        • Mexico
    • Europe
        • Germany
        • The U.K.
        • France
    • Asia Pacific
        • China
        • India
        • Japan
        • Taiwan
        • Singapore
        • South Korea
        • Australia
    • Central America

    • South America
    • Middle East & Africa

Fill The Pre-Order Enquiry Form For The Report @ https://www.grandviewresearch.com/inquiry/1576/ibb

 

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Mint Essential Oils MarketSize, Share & Trends Analysis Report By Product (Cornmint, Peppermint, Spearmint, Dementholized Peppermint), By Application, By Usage (Direct, Indirect), And Segment Forecasts, 2019 – 2025.

 

About Grand View Research

Grand View Research is a U.S. & India-based market research and consultancy firm. It is headquartered in San Francisco. We provide business insights, syndicated research reports, and customized research reports to large as well as small and medium-scale enterprises. Our database features thousands of statistics and in-depth analyses on more than 45 industries. Grand View Research’s extensive database is used by Fortune 500 companies to understand the regional as well as the global business environment.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1888202951
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/vetiver-oil-market


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