This report provides exclusive insights into the COVID-19 impact on the Haitian Vetiver Oil Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Haitian Vetiver Oil Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Haitian Vetiver Oil Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by
Infinium Global Research on Haitian vetiver oil market provides 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 the 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.
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
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.
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.
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.
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.