Vetiver Oil Market value is set to grow by USD 126 Million from 2022 to 2030

The Global Vetiver Oil Market Size accounted for a revenue of USD 59 Million in 2021 and is expected to reach the market value of USD 126 Million by 2030 growing at a significant CAGR of 9.2% during the forecast period from 2022 to 2030.

The growing media influence and expanding urbanization are the primary drivers driving the vetiver oil market's growth. Furthermore, the rising use of vetiver oil in the healthcare and personal care sectors will boost the market growth. Additionally, the increased expenditure on premium fragrances and the spike in demand from the fragrance industry would boost the vetiver oil market ahead.

Vetiver oil is extracted from the vetiver herb. They are commonly utilized in the production of fragrances, soaps, cosmetics, and other items. They usually have a unique, earthy scent. They offer a wide variety of medical properties, such as anti-detoxifying, inflammatory, and anti-septic properties. These fragrances can also be very effective in aromatherapy. They are commonly used in personal care and cosmetics, cleaning and homecare, fragrances, and other applications. They are also useful in treating children and teenagers with attention deficit hyperactivity disorder.

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Vetiver Oil Market Growth Aspects

The demand for vetiver oil as an essential massage oil for aromatherapy is being driven by changes in the urban environment and pervasive media effects. Due to the extreme weather conditions and an increase in humidity, consumer demand for flavored refreshments is increasing. This significantly increases the need for vetiver oil, moving the global market forward. Furthermore, the growing popularity of personal cleanliness and exotic smells among a broad customer base, as well as an increase in spending on luxury perfumes, and fuel demand for the oil. However, vetiver oil is expensive and has a large number of competitors as an essential oil, so market growth is projected to be slow.

Vetiver Oil Market Regional Overview

North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa are the regional classification of the global vetiver oil market. The Asia-Pacific region is expected to lead the vetiver oil market during the forecast period. As a result of significant expansion in end-use industries such as perfumes, skincare, and medications, demand for vetiver oil has risen in nations such as India, China, and Japan. Vetiver oil is frequently used in aromatherapy to relieve stress due to properties such as lowering neurotic behavior and dissolving rage, impatience, and hysteria. In the region, vetiver oil is frequently utilized as a flavoring factor in ice creams, khus syrups, yogurts, and smoothies; hence the demand for vetiver oil is likely to rise over the forecast period. Furthermore, the rising demand for vetiver oil in the healthcare industry for curing skin problems, strengthening the nervous system, removing stretch marks, and curing ailments such as stress, insomnia, and tension is expected to drive the regional vetiver oil market.

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Increased Demand for Vetiver Oil in a Variety of Industries

Vegetable oil is utilized in many industries, including perfumes, cosmetics, air fresheners, pharmaceuticals, and food and beverages, where it is used as a flavoring agent as well as to preserve food and medications. The pharmaceutical industry utilizes vetiver oil to make mixtures for treating skin ailments, strengthening the central nervous system, minimizing stretch marks, and treating melancholy, anxiety, stress, insomnia, nervousness, and tension.

Vetiver Oil Market Segmentation

The global vetiver oil market has been segmented by Acumen Research and Consulting based on product, and application. Based on the product, the market is divided into organic, and conventional. Based on the application, the market is categorized into medical, spa & relaxation, food & beverage, and cleaning & home.

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Vetiver Oil Market Players

Some key players covered global in the vetiver oil industry are Aromatic Herbals Private Limited, Citrus and Allied Essences Ltd., UniKode S.A., Bontoux S.A.S, Greenleaf Extractions Private Limited, Rajkeerth Aromatics and Biotech Pvt Ltd., Young Living Essential Oils LLC, Imperial Extracts, Synthite Industries Ltd, Mountain Rose Herbs Inc., Albert Vieille, and Plant Therapy Essential Oils.

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