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Opportunities in Vetiver Oil Market: Qualitative Analysis of Challenges, Top Players, Consumer Demand with Growth Forecast till 2022
Fact.MR
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Consumption of Vetiver Oil to Rise in Consumer Market, Especially in Europe
Europe remains the benchmark of consumption of vetiver oil owing to the growth of pharmaceutical industry and perfume industry in this region. Moreover, higher disposable income and luxury lifestyle in the developed regions in Europe contribute to the higher adoption of cosmetic products and medical products in which vetiver oil is used. The end use industry grows strong in Europe thereby increasing the use of vetiver oil in different applications. The European region seems to be lucrative considering all the segments and sub segments in the global vetiver oil market. Even though the adoption rate of vetiver oil in APEJ region is growing at good pace, Europe stays the most dominating region throughout the forecasted period.
Vetiver Oil Source Type, Organic to Show Higher Growth Rate
The organic sub segment of the source type in vetiver oil market shows a higher growth rate throughout the forecasted period and gains high Base Point Share (BPS) value during the period of forecast whereas the natural sub segment loses Base Point Share during this period. However, the absolute dollar opportunity of natural sub segment is comparatively higher than the organic sub segment, and so is the overall revenue market share. Europe is the most lucrative region for the vetiver oil by form type and is expected to grow at a higher pace till 2022.
The growth of vetiver oil market is influenced by several factors. Mainly the benefits of vetiver oil have increased the diameter of the awareness of the product and is becoming famous globally. Vetiver oil is highly found in end use applications such as perfumes, toiletries, cosmetics, and many more. Moreover, they have their use in the pharmaceutical industry wherein they are used in production of several medicines to cure skin diseases, treat insomnia, sleep disorders etc.
Online Sub Segment Out Paces all Other Distribution Channel Sub Segments
Modern trade, franchise outlets and specialty stores are outpaced by the online sub segment in the distribution channel segment of the global vetiver oil market. The online segment, however, has comparatively lower absolute dollar opportunity as compared to other sub segments. The modern trade sub segment reflects a moderate CAGR, close to yet lower than the online sub segment, but shows a relatively higher absolute dollar opportunity and a higher revenue share among the other sub segments. The online distribution channel is upcoming and in the coming years it is more likely to get a grip in the global vetiver oil market.
Competition Tracking
The report has projected that companies such as Citrus and Allied Essences Ltd., Bontoux S.A.S, Mountain Rose Herbs, Inc., Aromaaz International, Biolandes, Greenleaf Extractions Private Limited, Plant Therapy Essential Oils, Synthite Industries Ltd, Young Living Essential Oils LC, Green Fields Oil Factory, and IL Health and Beauty Natural Oils Co., Inc will remain active in global expansion of vetiver oil market through 2022.
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Table of Contents:
Global Vetiver Oil Market – Executive Summary
Global Vetiver Oil Market Overview
2.1. Introduction
2.1.1. Global Vetiver Oil Market Taxonomy
2.1.2. Global Vetiver Oil Market Definition
2.2. Global Vetiver Oil Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Vetiver Oil Market Y-o-Y Growth
2.3. Global Vetiver Oil Market Dynamics
2.3.1. Drivers
2.3.2. Restraints
2.3.3. Trends
2.4. Supply Chain
2.5. Cost Structure
2.6. Pricing Analysis
2.7. Raw Material Sourcing Strategy and Analysis
2.8. List of Distributors
2.9. Key Participants Market Presence (Intensity Map) By Region
Global Vetiver Oil Market Analysis and Forecast By Source Type
3.1. Global Vetiver Oil Market Size and Forecast By Source Type, 2012-2022
3.1.1. Natural Vetiver Oil Market Size and Forecast, 2012-2022
3.1.1.1. Revenue (US$ Mn) Comparison, By Region
3.1.1.2. Market Share Comparison, By Region
3.1.1.3. Y-o-Y growth Comparison, By Region
Continued……….
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