The latest report on “Haitian Vetiver Oil Market (Product – Organic, and Conventional; Grade – Food Grade, and Industrial Grade; End Use – Food & Beverages, Aromatherapy, Perfume Products, and Pharmaceuticals): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025.” The global Haitian vetiver oil market is projected to grow at a CAGR of 3.4% over the forecast period of 2019-2025.
Haitian Vetiver Oil Market: Insight
Haitian vetiver oil is light golden amber, and its fragrance is sweet, smooth and earthy. This viscous, thick oil proposes long-lasting fragrance and acts as a natural perfume base for a delicate fragrance. Further, this oil is extracted from the vetiver grass and it is a bunchy herbaceous grass which has a wide range of fibrous root. The roots of this grass are enriched with aromatic essential oil and it is mostly used aromatherapy, food, and flavouring, cosmetics industries, and perfumes. Haiti is regarded as the main maker of vetiver oil and later it was named as Haitian vetiver oil.
Increasing Use of Haitian Vetiver Oil in Medical Applications is Driving the Growth of the Haitian Vetiver Oil Market
Increasing use of Haitian vetiver oil in medical applications is driving the growth of the Haitian vetiver oil market. This oil is used in the treatment of blood-related diseases, joint stiffness, and nausea. It also provides relief to insomnia patients. Further, it is used in the treatment of irritation caused due to sunstroke and dehydration, additionally, it also provides relief from inflammation in both the nervous and cardiovascular system. Further, increasing usage of this oil in food and beverage industries as a flavouring agent particularly in khus syrups and increasing demand for this oil in cosmetic industries are also boosting the growth of the Haitian vetiver oil market. This oil is used in the treatment of various skin disorders. It helps in reducing pimples & acne, treating dry skin problems and reduce blemishes.
Moreover, it is a rich source of antioxidants that is helpful in anti-aging of the skin. Additionally, Haitian vetiver oil is widely used in the production of fragrant materials such as wax, soap, potpourri, and aromatic kaolin. This motivates the growth of this oil market. Owing to its pleasant fragrance it is used in aromatherapy applications. Besides, increasing the application of Haitian vetiver oil in cosmetic industries is anticipated to generate the growth opportunity in the coming years. On the contrary, owing to high production cost it is limiting the growth of the Haitian vetiver oil market.
Asia Pacific Region Dominates the Growth of the Haitian Vetiver Oil Market
In terms of geographies, Asia Pacific region dominates the growth of the Haitian vetiver oil market. In Asia Pacific region factors such as increasing usage of oil in the food and beverage industry are driving the growth of this market. This product is used as a flavouring agent for ice cream, yogurts, and milkshakes. Further, it is also used for garnishing dishes. With the growing F&B industry in the Asia Pacific region, the usage of this oil is also anticipated to grow in the upcoming years. Besides, increasing the use of oil in the pharma sector in the production of ointment is supporting the growth of the Haitian vetiver oil market.
Haitian Vetiver Oil Market: Segmentation
The report on the global haitian vetiver oil market covers segments such as product, grade, and end use. On the basis of product, the sub-markets include organic, and conventional. On the basis of grade, the sub-markets include food grade, and industrial grade. On the basis of end use, the sub-markets include food & beverages, aromatherapy, perfume products, and pharmaceuticals.
Haitian Vetiver Oil Market: Competitive Landscape
The report provides profiles of the companies in the market such as Fleurchem, Inc., Givaudan, Haiti Essential Oil Co., SA, Jedwards International, Inc., Berje Inc., ANANDA LLC, Texarome Inc., Vigon International, Inc., UniKode S.A., and Albert Vieille SAS.
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the haitian vetiver oil.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
