The vetiver oil market is estimated to be valued at USD 743.4 Mn in 2024, exhibiting a compound annual growth rate (CAGR) of 9.5% from 2024 to 2031. Vetiver oil is an essential oil extracted from the roots of Chrysopogon zizanioides, a tropical grass that is native to India. It has wide applications ranging from perfumes to therapeutics due to its properties. The grass grows abundantly in tropical regions and the oil extracted through steam distillation has a woody, earthy smell. It contains chemical compounds like vetiverol and khusimol that make it an effective fragrance and fixative in perfumes. Vetiver oil also exhibits antioxidant, antiseptic, anti-inflammatory, and sedative properties, making it widely used in aromatherapy for conditions like stress, insomnia, skin problems, etc. The growing awareness about its therapeutic applications as well as its usage as a natural fragrance in perfumes and cosmetics is driving significant demand in the global vetiver oil market.

 Market Dynamics:

The global vetiver oil market is expected to witness moderate growth over the forecast period owing to several factors. The growing popularity of aromatherapy for relaxation and its use in premium fragrances is a major driver for the market. Increasing awareness about its therapeutic properties like anti-inflammatory, antiseptic, and sedative effects is boosting its consumption in skin and personal care products. Rising demand for natural ingredients in cosmetics is also driving the sales of vetiver oil. However, the market growth is restricted by its high production cost due to labor-intensive extraction process and climate dependence. Fluctuations in supply due to changes in climatic conditions in tropical regions is another challenge. Opportunities lie in the expanding Ayurvedic and herbal cosmetic industry in developing regions. Growing research on additional therapeutic applications of vetiver oil also presents new avenues.

Key Features of the Study:

• This report provides in-depth analysis of the global vetiver oil market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global vetiver oil market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include International Fragrance Flavor Inc., Lluch Essence SL, UniKode S.A., Frager S.A., Robertet Group, Ernesto Ventos S.A., Floracopeia Inc., Fleurchem Inc., Haiti Essential Oil Co. S.A., Aadhunik Ayurveda,  Botanic Healthcare, and Rakesh Sandal Industries
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global vetiver oil market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global vetiver oil market

Detailed Segmentation-

• By Application:
• • Medical
  • Food & Beverage
  • Spa & Relaxation
    • Aromatherapy
    • Massage Oil
    • Personal Care
  • Cleaning & Home
  • Others
• By Region:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
• • International Fragrance Flavor Inc.
  • Lluch Essence SL
  • UniKode S.A.
  • Frager S.A.
  • Robertet Group
  • Ernesto Ventos S.A.
  • Floracopeia Inc.
  • Fleurchem Inc.
  • Haiti Essential Oil Co. S.A.
  • Aadhunik Ayurveda
  •  Botanic Healthcare
  • Rakesh Sandal Industries