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

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.

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. 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.

Segment Covered

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.

Companies Profiled:

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.

Report Highlights:

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.