Press release
Vetiver Oil Market to Exhibit a Healthy Growth of 4.0% CAGR Between 2022 - Key Players - (Citrus and Allied Essences Ltd., Bontoux S.A.S, Mountain Rose Herbs, Inc., Aromaaz International, Biolandes, Greenleaf Extractions Private Limited, Plant Therapy Ess
The increased awareness of natural remedies, benefits of vetiver oil and increasing adoption in different end use industries has spurred the growth of the vetiver oil market from a global standpoint. However, certain limitations such as vetiver oil cannot be consumed by pregnant women as it can cause problems or miscarriage challenge the growth of the vetiver oil market. Fact.MR’s recent research publication on vetiver oil market reveals that the global market for vetiver oil is expected to register a CAGR of 4.0% during the forecast period of 2017 to 2022 to reach a value of US$ 834.7 Mn.
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Following extracts from FACT.MR’s global vetiver oil market will be ardent to the future prospects in the market
Organic seems to be growing at a faster rate within the source type segment in the global vetiver oil market. The natural sub segment is expected to represent approximately 78% of the market by 2022 with a moderate growth rate. Per year, the growth of the natural source type reaches a value more than US$ 20 Mn
European region
Rise in demand of the vetiver oils can be attributed towards its vast benefits, not only in the cosmetic field or in perfume industry but also in the pharmaceutical sector where it is used in concoctions in order to treat several skin diseases, stretch marks, reinforcing the CNS (Central Nervous System) as well as used to treat conditions such as anxiety, depression, insomnia, stress, tension, nervousness etc. The major producers of vetiver oils are situated in Japan, China, Brazil and India making these regions as prime manufacturing areas for vetiver oil. The regions of US and Europe are considered to be the largest consumers for vetiver oils. This list also includes Japan and India.
The increased awareness of natural remedies, benefits of vetiver oil and increasing adoption in different end use industries has spurred the growth of the vetiver oil market from a global standpoint. However, certain limitations such as vetiver oil cannot be consumed by pregnant women as it can cause problems or miscarriage challenge the growth of the vetiver oil market. Fact.MR’s recent research publication on vetiver oil market reveals that the global market for vetiver oil is expected to register a CAGR of 4.0% during the forecast period of 2017 to 2022 to reach a value of US$ 834.7 Mn.
Report Analysis @ https://www.factmr.com/report/114/vetiver-oil-market
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