Global Vetiver Oil Market is Expected to Reach a Value of US$ 834.7 Mn

In its recent report, Fact.MR offers a comprehensive perspective on the global vetiver oil market across few targeted regions. Shifting consumer focus towards natural, flexible, and effective remedies, along with increasing awareness regarding the vital benefits of vetiver oil and the growing adoption of vetiver oil in growing end use industries, especially the perfume and pharmaceutical industry has raised the bar of their growth path worldwide and is likely to drive their demand to the next level in the coming years. The report focuses on the provision of in-depth research and detailed insights about global vetiver oil market for the forecast period 2017 to 2022.

The prime focus of Fact.MR’s report is to provide readers with an unbiased and accurate analysis of current market status of vetiver oil, along with future growth estimations. Vetiver oil producers, suppliers, and distributors in the global market will benefit from the insights offered in this report. A detailed discussion guide has been formulated in this report, which can attract the interest of top trade magazines and journals related to vetiver oil.

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Following extracts from FACT.MR’s global vetiver oil market will be ardent to the future prospects in the market

1. 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

2. 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

3. 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.

4. 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.

5. 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.

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.

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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. The growth in adoption of vetiver oil has been on the rise owing to these end user sectors and their significant growth in the recent years. According to expert opinions and market observers, this growth will further increase in the forecasted period. The supply and demand side sectors also affect the growth of the vetiver oil. Tropical regions show higher cultivation of the vetiver plant and higher production of vetiver oil.

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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This release was published on openPR.