Vetiver Oil Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022

Published on : Jul-2017 | List of Tables : 312 | List of Figures : 102 | No. of Pages : 170 | Report Code : FACT114MR |

Vetiver oil is obtained from the vetiver plant and is also referred to as “khus”. It emits a heavy fragrance, more likely an earthy one and has several advantages. It belongs to the poaceae family and is a perennial plant. Typically it is cultivated in all tropical regions on a wide scale.

The global vetiver oil market is expected to reflect a CAGR of 4.0% during the period of forecast, 2017-2022. The growth of the vetiver oil market is impacted by many factors. To name a few, the rising pharmaceutical industry, food and beverage industry, cosmetic industry, perfume industry, growing awareness of the benefits of using vetiver oil, higher disposable income of people who can afford to use spend on cosmetics and on organic or natural medications and so on. The Asia-Pacific excluding Japan (APEJ) region shows average growth considering the global vetiver oil market. However, Europe seems to be the most lucrative region among other regions.

The global vetiver oil market is segmented into source type, form type, application and distribution channel. The research report by Fact.MR on global vetiver oil focuses on these segments and their sub segments and their growth and adoption in different regions of North America, Europe, Latin America, Asia Pacific excluding Japan (APEJ), Middle and Africa (MEA) and Japan.

Market Taxonomy

Source Type

Form Type

Application

Distribution Channel

Natural

Absolute

Therapeutics

Modern Trade

Organic

Concentrates

Aromatherapy

Franchise Outlets

 

Blends

Food and beverages

Specialty Stores

 

 

Cosmetics

Online

 

 

Toiletries

 

 

 

Fragrances

 

 

 

Cleaning and home

 

 

 

Others

 

(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)

Consumption of Vetiver Oil to Rise in Consumer Market, Especially in Europe

Europe remains the benchmark of consumption of vetiver oil owing to the growth of pharmaceutical industry and perfume industry in this region. Moreover, higher disposable income and luxury lifestyle in the developed regions in Europe contribute to the higher adoption of cosmetic products and medical products in which vetiver oil is used. The end use industry grows strong in Europe thereby increasing the use of vetiver oil in different applications. The European region seems to be lucrative considering all the segments and sub segments in the global vetiver oil market. Even though the adoption rate of vetiver oil in APEJ region is growing at good pace, Europe stays the most dominating region throughout the forecasted period.

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.

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.

Note: The insights mentioned here are of the respective analysts, and do not reflect the position of Fact.MR

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.

Scope

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.

Summary

The report commences by providing an executive summary, market dynamics and market taxonomy, underlining the factors which influence growth of the global vetiver oil market. This executive summary offers the foundation on which the report is based, providing users with scope of the report. The executive summary contains key statistics and facts impacting the global vetiver oil market.

Overview

This section offers a detailed view of the global vetiver oil market, comprising the market introduction, along with the standard definition of the product – vetiver oil. Market value as well as year-over-year expansion is offered to readers in this section. Y-o-Y growth enables readers to view broader aspects of growth patterns during the forecast period. 

This section also details the drivers, restraints, opportunities and key trends influencing the market growth based on perspectives of macroeconomic, demand, and supply sides. Impact analysis of the weighted average model-based expansion drivers is included in the report for the provision of better decision-making insights to clients.

To offer readers with latest information about advancements in the global vetiver oil market, updates about opportunities benefitting leading vetiver oil producing companies are offered in the report. Continuous evolution of the food & beverages sector necessitates keeping record of upcoming and recent developments and trends which are fundamental for vetiver oil producers to formulate and adopt key business strategies. The detailed analysis pertaining to list of distributors, pricing analysis, raw material sourcing, cost structures, and supply chain are offered in this section.

By considering the global vetiver oil market, and provide an in-depth analysis, FactMR’s report offers segment-wise analysis and forecast. The vetiver oil market is categorized on the basis of source type, form type, application, distribution channel and region. Segmentation analysis offered is comprehensive, along with the detailed country-wise forecast offered on all parameters.

The report’s last section emphasizes on the competitive landscape of the global vetiver oil market, providing readers with the dashboard of company analysis as well as the market players. Competitive intelligence provided by the report is based on providers’ categories in the value chain, and their presence in the global vetiver oil market.

Research Methodology

Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,

  • Primary research
  • Secondary research
  • Trade research
  • Focused interviews
  • Social media analysis

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Vetiver Oil Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022