Vetiver Oil Market Size, Share, Opportunities, And Trends By Source (Conventional, Organic), By Form (Concentrates, Absolutes, Blends), By Application (Food and Beverage, Spa and Relaxation Centers, Cleaning and Home, Others), And By Geography - Forecasts From 2025 To 2030
- Published : Nov 2024
- Report Code : KSI061617185
- Pages : 147
The vetiver oil market is expected to grow at a CAGR of 9.75%, reaching a market size of US$92.332 million in 2030 from US$57.992 million in 2025.
Vetiver oil is an aromatic essential oil derived from the plant's roots, commonly known as vetiver, a grass native to India. This oil has a deep, earthy, and woody fragrance, making it popular in perfumery and cosmetics. It is also an essential aromatherapy oil owing to its grounding properties. It also has therapeutic properties, such as stress relieving and focus improvement, and helps in inducing a deep sleep, making it very popular in holistic wellness practices. It can be used in skincare due to its regenerative and soothing qualities.
Increasing demand for vetiver oil in the cosmetics and skincare sector is anticipated to influence the market for vetiver oil in the projected period. For instance, according to Invest India, the Indian personal care and hygiene segment is expected to grow, owing to its significant penetration of the e-commerce sector. Additionally, the expanding e-commerce sector in tier 2 and tier 3 cities is expected to influence the vetiver oil market growth in the projected period. For instance, according to the Internet and Mobile Association of India (IAMAI), internet users in India crossed 800 million in 2023, and it was found that rural areas had more internet use compared to urban areas. Hence, the increasing penetration of the e-commerce sector and the rising traction towards the personal care and skin care sector are anticipated to positively influence the vetiver oil market in the projected period.
The rising demand for organic and natural products is anticipated to fuel market growth in the coming years. Various research studies done by brands suggest that people are switching towards natural products, and their decision to purchase the product or not largely depends on its ingredients. According to the International Natural and Organic Cosmetics Association (NATRUE), a Brussels-based international non-profit organization that promotes and protects natural and organic cosmetics worldwide, naturalness is one of the key factors influencing product purchase. In Germany, 20% of the decision-making on whether to buy a product or not depends on whether the product is natural or organic. Similarly, in France, 24% of people prefer using nature-inspired brands; additionally, with the growing vegan population in the coming years, the demand for clean products is anticipated to grow. Hence, the vetiver oil market is expected to grow in the projected period with a rising need for organic and natural products.
What are the vetiver oil market drivers?
- Vetiver oil has multiple therapeutic benefits, which are expected to influence the market growth in the coming years. It has calming and grounding properties, which help in alleviating stress, emotional imbalance, and anxiety, and these properties make this oil ideal for aromatherapy for promoting stress-free sleep and relaxation. In addition, vetiver oil can increase mental clarity and has been used effectively to sharpen concentration. It has skin-regenerative and anti-inflammatory properties and helps heal various conditions in the skin, including acne, scars, and dryness. With the growing cases of acne, the demand for vetiver oil is anticipated to grow in the coming years. For instance, according to the National Health Service, a publicly funded healthcare system in the United Kingdom, about 95% of people suffering from acne are between 11 and 30 years old. Acne is most common in girls aged from 14 to 17 years and in boys from 16 to 19 years. Hence, in the forecasted period with increasing skin conditions, the market for vetiver oil is expected to grow.
- Vetiver oil is one of the rare oils that are used in the fragrance industry, as it has earthy and woody notes that would be perfect for use as a base smell in high-end perfumes, colognes, and personal care products. Its rich can be used in both men's and unisex fragrances. Although vetiver oil is less commonly used in the flavoring industry, it is applied in reasonable amounts to provide a delicate, earthy, or smoky aftertaste to particular types of food, beverages, and flavorings, mostly traditional cuisines and specialty products.
- Moreover, as vetiver oil is a sustainable and eco-friendly source, it is appealing to eco-conscious consumers and brands. The vetiver plant that is found in the Asian subcontinent has minimal environmental concerns, making it ideal for sustainable agriculture. Additionally, eco-conscious brands use vetiver oil as a sustainable source, and it appeals to people looking for natural, responsibly produced ingredients in their personal care and beauty care products. Hence, increasing use of vetiver oil in various end-use sectors is expected to influence the market growth in the coming years.
Segment analysis of the vetiver oil market:
- By application, the spa and relaxation segment is expected to hold a significant share of the vetiver oil market.
By application, the vetiver oil market is segmented into food and beverages, spa and relaxation centers, cleaning and home, and others. The spa and relaxation center segment is anticipated to hold significant market share in the coming years, as with changing lifestyles, people are becoming busy, and their schedules are becoming hectic and are demanding stress-relieving therapies. Additionally, the increasing demand for aromatherapy, which comes under the spa sector, is a major reason for boosting the vetiver oil market in the coming years.
- The Asia Pacific region is anticipated to hold a significant share in the coming years.
The Asia Pacific region is expected to dominate the vetiver oil market in the coming years. With increasing per capita income, there is a growing demand for fragrance and cosmetic products. Additionally, in various Asian countries, vetiver oil is used in the food and beverage sector as a flavoring agent. Hence, these factors are anticipated to influence the Asia Pacific vetiver oil market in the projected period.
The Vetiver Oil Market is segmented and analyzed as follows:
- By Source
- Conventional
- Organic
- By Form
- Concentrates
- Absolutes
- Blends
- By Application
- Food and Beverage
- Spa and Relaxation Centers
- Cleaning and Home
- Others
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- UK
- Germany
- France
- Italy
- Others
- Middle East and Africa
- Saudi Arabia
- Israel
- Others
- Asia Pacific
- Japan
- China
- India
- South Korea
- Indonesia
- Thailand
- Others
- North America
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base and Forecast Years Timeline
1.8. Key Benefits for the Stakeholders
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Process
3. EXECUTIVE SUMMARY
3.1. Key Findings
3.2. Analyst View
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Supplier
4.3.2. Bargaining Power of Buyers
4.3.3. The Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. VETIVER OIL MARKET BY SOURCE
5.1. Introduction
5.2. Conventional
5.3. Organic
6. VETIVER OIL MARKET BY FORM
6.1. Introduction
6.2. Concentrates
6.3. Absolutes
6.4. Blends
7. VETIVER OIL MARKET BY APPLICATION
7.1. Introduction
7.2. Food and Beverage
7.3. Spa and Relaxation Centers
7.4. Cleaning and Home
7.5. Others
8. VETIVER OIL MARKET BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. USA
8.2.2. Canada
8.2.3. Mexico
8.3. South America
8.3.1. Brazil
8.3.2. Argentina
8.3.3. Others
8.4. Europe
8.4.1. UK
8.4.2. Germany
8.4.3. France
8.4.4. Italy
8.4.5. Others
8.5. Middle East and Africa
8.5.1. Saudi Arabia
8.5.2. Israel
8.5.3. Others
8.6. Asia Pacific
8.6.1. Japan
8.6.2. China
8.6.3. India
8.6.4. South Korea
8.6.5. Indonesia
8.6.6. Thailand
8.6.7. Others
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Market Share Analysis
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Competitive Dashboard
10. COMPANY PROFILES
10.1. Albert Vieille
10.2. Amphora Aromatics Ltd
10.3. Blossom Kochhar Aroma Magic
10.4. Ultra International Limited
10.5. Kanta Enterprises Private Limited
10.6. Robertet
10.7. UniKode S.A.
10.8. Floracopeia
10.9. Aadhunik Ayurveda Vitals
10.10. Kush Aroma
Albert Vieille
Amphora Aromatics Ltd
Blossom Kochhar Aroma Magic
Ultra International Limited
Kanta Enterprises Private Limited
Robertet
UniKode S.A.
Floracopeia
Aadhunik Ayurveda Vitals
Kush Aroma
Related Reports
Report Name | Published Month | Download Sample |
---|---|---|
Perlite Market Insights: Size, Share, Trends, Forecast 2030 | Dec 2024 | |
Lubricant Additives Market Size & Share: Report, 2023 – 2028 | Mar 2023 | |
Cyclopentane Market Size, Share & Trends: Report, 2023 - 2028 | Jan 2024 | |
Polyetheramine Market Size & Share: Industry Report, 2024-2029 | Jul 2024 | |
Crude Oil Flow Improvers Market Insights: Trends, Forecast 2030 | Nov 2024 |