Vetiver Oil Market Size, Share & Trends Analysis Report By Application (Medical, Food & Beverage, Spa & Relaxation), By Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa), And Segment Forecasts, 2020 - 2027

Published: Feb, 2020 | Pages: 106 | Publisher: Grand View Research
Industry: Chemicals | Report Format: Electronic (PDF)

The global vetiver oil market size is expected to reach USD 88.0 million by 2027, expanding at a revenue-based CAGR of 9.4%, according to a new report by Grand View Research, Inc. The market is expected to witness surging product demand owing to its increasing applications in pharmaceutical, food and beverage, and fragrance. Growing use of the product in the fragrance industry is expected to boost market growth over the forecast period. It also has widespread usage in varied fragrance products including perfumes, deodorants, cosmetics, lotions, soaps, and scented toiletries. R&D related to synthesis of the molecules present in the product, particularly is expected to provide unique odor to this product and thereby increase its usage in the fragrance industry.

Vetiver oil has widespread usage in medical applications such as treatment of gout, arthritis, muscle aches, cramps, and rheumatism, which is further expected to favorably impact market growth. Furthermore, this essential oil sedates nervous irritations, convulsions and emotional outbursts such as epileptic, restlessness, and hysteric attacks. The product is also used to ease inflammation of the nervous as well as circulatory systems.

Increasing use of vetiver oil as a flavoring agent in the food and beverage segment including ice creams, milkshakes, and several other cool drinks is expected to favorably impact market growth over the forecast period. Furthermore, vetiver oil is also used in certain canned foods such as asparagus as well as peas, wherein the product is used to reinforce natural odor as well as taste.

Further key findings from the report suggest:

• The vetiver oil market is anticipated to reach 748.4 tons by 2027 in terms of volume, at a volume-based CAGR of 7.8% from 2020 to 2027

• In terms of revenue, the food and beverages application segment is projected to ascend at a CAGR of 9.8% over the forecast period

• In terms of volume, spa and relaxation emerged as the largest application segment in 2019 owing to increasing consumption of personal care and cosmetics products in developing economies

• Asia Pacific is projected to witness a remarkable growth rate of 8.9%, in terms of volume, in the near future, owing to the increasing consumption of personal care and cosmetic products in the region

• Some of the key companies present in the industry are Unikode S.A.; Fleurchem, Inc.; Aromatic Hebals Private Ltd.; Frager S.A.; Manohar Botanical Extracts Pvt. Ltd.; Imperial Extracts; Falcon; and Van Aroma.

 Table of Contents

Chapter 1 Methodology and Scope
                    1.1 Market Segmentation & Scope
                    1.2 Market Definition
                    1.3 Information Procurement
                    1.4 Purchased Database
                         1.4.1 GVR's Internal Database
                         1.4.2 Secondary Sources
                         1.4.3 Third Party Perspective
                         1.4.4 Primary Research
                         1.4.5 Primary Sources
                    1.5 Information Analysis
                         1.5.1 Data Analysis Models
                    1.6 Research scope & assumptions
Chapter 2 Executive Summary
                    2.1 Market Snapshot
                    2.2 Segment Outlook
Chapter 3 Industry Outlook Analysis
                    3.1 Market Lineage Outlook: Essential Oils
                    3.2 Penetration & Growth Prospect Mapping
                    3.3 Value Chain Analysis
                         3.3.1 List Of Key End-Users
                    3.4 Price Trend Analysis
                    3.5 Technology Outlook
                         3.5.1 Solvent Extraction
                         3.5.2 Steam Distillation
                         3.5.3 Co2 Extraction Process
                    3.6 Regulatory Framework
                    3.7 Market Dynamics
                         3.7.1 Market Driver Analysis
                         3.7.2 Growing Use Of Vetiver Oil In Medical Industry
                         3.7.3 Increasing Demand For Flavors & Fragrances From Key End-User Industries
                         3.7.4 Market Restraint Analysis
                         3.7.5 Availability Of Raw Materials
                    3.8 Industry Challenges
                    3.9 Business Environment Analysis
                         3.9.1 Porter Analysis
                         3.9.2 Pestel Analysis
Chapter 4 Application Estimates & Trend Analysis
                    4.1 Global vetiver oil application movement analysis & market share, 2019 & 2027 (Tons) (USD Thousand)
                    4.2 Global vetiver oil market size & forecasts and trend analysis, by application, 2016 - 2027 (Tons) (USD Thousand)
                         4.2.1 Medical
                         4.2.2 Food & Beverages
                         4.2.3 Spa & Relaxation
                         4.2.4 Cleaning & Home
Chapter 5 Regional Estimates & Trend Analysis
                    5.1 Vetiver oil regional movement analysis & market share, 2019 & 2027 (Tons) (USD Thousand)
                         5.1.1 North America
                         5.1.2 North America Market Size & Forecasts And Trend Analysis, By Application, 2016 - 2027 (Tons) (USD Thousand)
                              5.1.2.1 U.S. Market Size & Forecasts And Trend Analysis, By Application, 2016 - 2027 (Tons) (USD Thousand)
                              5.1.2.2 Canada Market Size & Forecasts And Trend Analysis, By Application, 2016 - 2027 (Tons) (USD Thousand)
                              5.1.2.3 Mexico Market Size & Forecasts And Trend Analysis, By Application, 2016 - 2027 (Tons) (USD Thousand)
                         5.1.1 Europe
                         5.1.2 Europe Market Size & Forecasts And Trend Analysis, By Application, 2016 - 2027 (Tons) (USD Thousand)
                              5.1.2.1 Germany Market Size & Forecasts And Trend Analysis, By Application, 2016 - 2027 (Tons) (USD Thousand)
                              5.1.2.2 U.K. Market Size & Forecasts And Trend Analysis, By Application, 2016 - 2027 (Tons) (USD Thousand)
                              5.1.2.3 France Market Size & Forecasts And Trend Analysis, By Application, 2016 - 2027 (Tons) (USD Thousand)
                         5.1.3 Asia Pacific
                         5.1.4 Asia Pacific Market Size & Forecasts And Trend Analysis, By Application, 2016 - 2027 (Tons) (USD Thousand)
                              5.1.4.1 China Market Size & Forecasts And Trend Analysis, By Application, 2016 - 2027 (Tons) (USD Thousand)
                              5.1.4.2 Japan Market Size & Forecasts And Trend Analysis, By Application, 2016 - 2027 (Tons) (USD Thousand)
                              5.1.4.3 India Market Size & Forecasts And Trend Analysis, By Application, 2016 - 2027 (Tons) (USD Thousand)
                              5.1.4.4 Taiwan Market Size & Forecasts And Trend Analysis, By Application, 2016 - 2027 (Tons) (USD Thousand)
                              5.1.4.5 South Korea Market Size & Forecasts And Trend Analysis, By Application, 2016 - 2027 (Tons) (USD Thousand)
                              5.1.4.6 Singapore Market Size & Forecasts And Trend Analysis, By Application, 2016 - 2027 (Tons) (USD Thousand)
                              5.1.4.7 Australia Market Size & Forecasts And Trend Analysis, By Application, 2016 - 2027 (Tons) (USD Thousand)
                         5.1.5 Central America
                         5.1.6 Central America Market Size & Forecasts And Trend Analysis, By Application, 2016 - 2027 (Tons) (USD Thousand)
                         5.1.7 South America
                         5.1.8 South America Market Size & Forecasts And Trend Analysis, By Application, 2016 - 2027 (Tons) (USD Thousand)
                         5.1.9 Middle East & Africa
                         5.1.10 Middle East & Africa Market Size & Forecasts And Trend Analysis, By Application, 2016 - 2027 (Tons) (USD Thousand)
Chapter 6 Competitive Analysis
                    6.1 Vendor Landscape
                    6.2 Company Market Positioning
                         6.2.1 Competitive Environment
                         6.2.2 Strategy Framework
Chapter 7 Company Profiles
                    7.1 UniKode S.A.
                         7.1.1 Company Overview
                         7.1.2 Product Benchmarking
                    7.2 Fleurchem, Inc.
                         7.2.1 Company Overview
                         7.2.2 Product Benchmarking
                    7.3 Aromatic Herbals Private Limited
                         7.3.1 Company Overview
                         7.3.2 Product Benchmarking
                    7.4 FRAGER S.A.
                         7.4.1 Company Overview
                         7.4.2 Product Benchmarking
                    7.5 Manohar Botanical Extracts Pvt. Ltd.
                         7.5.1 Company Overview
                         7.5.2 Product Benchmarking
                    7.6 Imperial Extracts
                         7.6.1 Company Overview
                         7.6.2 Product Benchmarking
                    7.7 Falcon
                         7.7.1 Company Overview
                         7.7.2 Product Benchmarking
                    7.8 LLUCH ESSENCE, S.L.
                         7.8.1 Company Overview
                         7.8.2 Product Benchmarking
                    7.9 Van Aroma
                         7.9.1 Company Overview
                         7.9.2 Product Benchmarking
                    7.10 Vigon International, Inc.
                         7.10.1 Company Overview
                         7.10.2 Product Benchmarking

List of Tables

Table 1 Global vetiver oil market volume estimates & forecasts, by application, 2016 - 2027 (Tons)
Table 2 Global vetiver oil market revenue estimates & forecasts, by application, 2016 - 2027 (USD Thousand)
Table 3 North America vetiver oil market volume estimates & forecasts, by application, 2016 - 2027 (Tons)
Table 4 North America vetiver oil market revenue estimates & forecasts, by application, 2016 - 2027 (USD Thousand)
Table 5 U.S. vetiver oil market volume estimates & forecasts, by application, 2016 - 2027 (Tons)
Table 6 U.S. vetiver oil market revenue estimates & forecasts, by application, 2016 - 2027 (USD Thousand)
Table 7 Canada vetiver oil market volume estimates & forecasts, by application, 2016 - 2027 (Tons)
Table 8 Canada vetiver oil market revenue estimates & forecasts, by application, 2016 - 2027 (USD Thousand)
Table 9 Mexico vetiver oil market volume estimates & forecasts, by application, 2016 - 2027 (Tons)
Table 10 Mexico vetiver oil market revenue estimates & forecasts, by application, 2016 - 2027 (USD Thousand)
Table 11 Europe vetiver oil market volume estimates & forecasts, by application, 2016 - 2027 (Tons)
Table 12 Europe vetiver oil market revenue estimates & forecasts, by application, 2016 - 2027 (USD Thousand)
Table 13 Germany vetiver oil market volume estimates & forecasts, by application, 2016 - 2027 (Tons)
Table 14 Germany vetiver oil market revenue estimates & forecasts, by application, 2016 - 2027 (USD Thousand)
Table 15 U.K. vetiver oil market volume estimates & forecasts, by application, 2016 - 2027 (Tons)
Table 16 U.K. vetiver oil market revenue estimates & forecasts, by application, 2016 - 2027 (USD Thousand)
Table 17 France vetiver oil market volume estimates & forecasts, by application, 2016 - 2027 (Tons)
Table 18 France vetiver oil market revenue estimates & forecasts, by application, 2016 - 2027 (USD Thousand)
Table 19 Asia Pacific vetiver oil market volume estimates & forecasts, by application, 2016 - 2027 (Tons)
Table 20 Asia Pacific vetiver oil market revenue estimates & forecasts, by application, 2016 - 2027 (USD Thousand)
Table 21 China vetiver oil market volume estimates & forecasts, by application, 2016 - 2027 (Tons)
Table 22 China vetiver oil market revenue estimates & forecasts, by application, 2016 - 2027 (USD Thousand)
Table 23 Japan vetiver oil market volume estimates & forecasts, by application, 2016 - 2027 (Tons)
Table 24 Japan vetiver oil market revenue estimates & forecasts, by application, 2016 - 2027 (USD Thousand)
Table 25 India vetiver oil market volume estimates & forecasts, by application, 2016 - 2027 (Tons)
Table 26 India vetiver oil market revenue estimates & forecasts, by application, 2016 - 2027 (USD Thousand)
Table 27 Taiwan vetiver oil market volume estimates & forecasts, by application, 2016 - 2027 (Tons)
Table 28 Taiwan vetiver oil market revenue estimates & forecasts, by application, 2016 - 2027 (USD Thousand)
Table 29 South Korea vetiver oil market volume estimates & forecasts, by application, 2016 - 2027 (Tons)
Table 30 South Korea vetiver oil market revenue estimates & forecasts, by application, 2016 - 2027 (USD Thousand)
Table 31 Singapore vetiver oil market volume estimates & forecasts, by application, 2016 - 2027 (Tons)
Table 32 Singapore vetiver oil market revenue estimates & forecasts, by application, 2016 - 2027 (USD Thousand)
Table 33 Australia vetiver oil market volume estimates & forecasts, by application, 2016 - 2027 (Tons)
Table 34 Australia vetiver oil market revenue estimates & forecasts, by application, 2016 - 2027 (USD Thousand)
Table 35 Central America vetiver oil market volume estimates & forecasts, by application, 2016 - 2027 (Tons)
Table 36 Central America vetiver oil market revenue estimates & forecasts, by application, 2016 - 2027 (USD Thousand)
Table 37 South America vetiver oil market volume estimates & forecasts, by application, 2016 - 2027 (Tons)
Table 38 South America vetiver oil market revenue estimates & forecasts, by application, 2016 - 2027 (USD Thousand)
Table 39 Middle East & Africa vetiver oil market volume estimates & forecasts, by application, 2016 - 2027 (Tons)
Table 40 Middle East & Africa vetiver oil market revenue estimates & forecasts, by application, 2016 - 2027 (USD Thousand)

List of Figures

Fig. 1 Vetiver Oil Market Segmentation & Scope
Fig. 2 Information Procurement
Fig. 3 Primary research pattern
Fig. 4 Primary research process
Fig. 5 Primary research approaches
Fig. 6 Market Snapshot - Vetiver Oil
Fig. 7 Vetiver Oil Segment Outlook 2019 - Tons
Fig. 8 Penetration & Growth Prospect Mapping
Fig. 9 Value chain analysis
Fig. 10 Average global prices of Vetiver Oil (USD/Kg)
Fig. 11 Vetiver Oil Market Dynamics
Fig. 12 Vetiver Oil - Porter's Analysis
Fig. 13 Vetiver Oil - PESTEL Analysis
Fig. 14 Vetiver oil market revenue share by application, 2019 & 2027 (USD Thousand)
Fig. 15 Vetiver oil market revenue share by region, 2019 & 2027 (USD Thousand)
Fig. 16 Company Market Positioning
Fig. 17 Competitive Environment
Fig. 18 Strategy Framework