About Vetiver Oil
Vetiver oil which also known as khus oil, it is a lesser-known plant oil which offers a heavy, earthy fragrance. This oil is believed to be very grounding,s tabilizing, calming and provides a range of uses and benefits. As the name suggests, Vetiver oil is been extracted from Vetiver, which is a perennial grass that is found in India, Haiti, and Indonesia. The essential oil of vetiver is extracted from the steam distillation of its roots. The oil has a distinct woody, smokey and earthy aroma. It is extensively used in the perfumes, cosmetics and soaps and also utilise as a flavouring agent in beverages
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Vetiver Oil is a fragmented market due to the presence of various players. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Vetiver Oil market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Unikode S.A. (Haiti), Fleurchem,Inc. (United States), Aromatic Herbals Private Limited (India), Frager SA (Haiti), Rajkeerth Aromatics and Biotech Pvt Ltd (India), Manohar Botanical Extracts Pvt. Ltd. (India), Imperial Extracts (India), Amphora Aromatics Ltd. (United Kingdom), M K Exports India (India), Falcon (India) and Katyani Exports (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Ernesto Ventos SA (Spain), Charabot (France), Vanaroma (Indonesia) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Vetiver Oil market by Type (Conventional and Organic), Application (Perfume and Scent Products, Pharmaceuticals, Essential Oil and Others) and Region.
On the basis of application, Pharmaceuticals segment is dominating the market in the year 2023On the basis of geography, the market of Vetiver Oil has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Increase in the demand for vetiver oil in medical applications and Rising application in fragrance industry
Market Growth Drivers:
Increase in the consumer awareness coupled with the fragrances has augmented the growth in market and Rising utilization of vetiver oil as flavoring in chewing tobacco and pan masala
Challenges:
Growing bargaining power of buyer buyer and emphasis on the high-quality products at low costs are forcing the significant changes in the supply chain of Vetiver Oil
Restraints:
Decreased quality and quantity of raw materials using in the production of vetiver oil and Growing product cost
Opportunities:
Increasing demand in the pharmaceuticals industry for the treatment of mental health disorders
Market Leaders and their expansionary development strategies
In February 2022, Givaudan acquired a France-based fragrance and beauty company, Myrissi. The acquisition enabled the company in its long-term fragrance and beauty strategy. The acquired company includes expertise in AI that would support Givaudan in proposing new organoleptic approaches to customers.
In September 2022, Robertette launched a brand-new online sales platform for essential oil. The platform offered a wide range of essential oils, vegetal oils, and floral waters, with absolute CO2 extracts and more planned for launch in the future.
Key Target Audience
Manufacturers, suppliers, Distributors, Aroma therapist, Cosmetic industry and Pharmaceuticals industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.