Press release
Vetiver Oil Market is Expected to Rake in Revenues Worth US$ 834.7 Mn by 2022
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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 favors the vetiver oil market. it is expected to dominate the global vetiver oil market and grow at a moderate pace during the forecast period of 2017 to 2022. It is the most lucrative region for vetiver oil and reflects higher market attractiveness, followed by Japan
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Within the form type segment, the blend sub segment is poised to show a higher growth rate throughout the forecast period followed by absolute and blends sub segment of the vetiver oil market. For all the three form types, Europe stays the most lucrative region exhibiting a higher revenue market share compared to other regions.
Food and beverages remains the largest application segment in the period of forecast. Towards the end of the forecasted period, that is by 2022, this segment is expected to show a revenue of almost US$ 200 Mn.
The online sub segment of the distribution channel is expected to grow at a higher rate in the forecasted period. In 2017, the online sub segment reflected a revenue of approximately US$ 74 Mn and is poised to reach more than US$ 90 Mn.
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