A recent report published by Infinium Global Research on haitian vetiver oil market provides an in-depth analysis of segments and sub-segments in the global as well as regional haitian vetiver oil market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional haitian vetiver oil market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global haitian vetiver oil market. According to the report, the global haitian vetiver oil market is projected to grow at a CAGR of 3.4% over the forecast period of 2019-2025.
The growing demand for the essential oil for the medicinal, food and beverage use is helping to grow the demand of the haitian vetiver oil. Haitian vetiver oil is an essential oil, which has numerous health beneficial qualities, which is obtained from Vetiveria zizanioides. It is extracted through steam distillation of its roots and has a distinct woody, smoky and earthy aroma. It has numerous applications in the perfumery, cosmetics, soap and beverage industry. Additionally, its several medicinal properties such as anti-inflammatory property, anti-septic property, antioxidants property, and others are helping to grow its demand in the pharmaceutical industry is growing.
The growing awareness among the young and middle-class consumers about the health benefits of the haitian vetiver oil is helping to grow this market around the globe. Further, the growing medical application of the haitian vetiver oil in the pharmaceutical industry is boosting its demand to go at a new high. However, the presence of several essential oils in the market is hampering the growth of this market in the short term. Moreover, the growing application of the haitian vetiver oil in the spa industry and food and beverage is expected to provide a new opportunity to this market in the near future.
Geographically, the haitian vetiver oil market is segmented into four regions, namely North America, Europe, the Asia-Pacific, and the RoW. North America is the largest player of the haitian vetiver oil, owing to the presence of the several companies perfume companies, Pharmaceuticals, essential oil processing companies, and food and beverage processing companies in this region. These companies are helping to grow the demand of the haitian vetiver oil at a sustainable rate in this region. Further, the Asia-Pacific haitian vetiver oil market is expected to grow at the highest CAGR during the forecast period, owing to growing demand in the pharmaceutical industry, food processing industry, and spa industry.
The report on global haitian vetiver oil market covers segments such as nature, grade, and end use. On the basis of nature, 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.
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.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of haitian vetiver oil market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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