(MENAFN- Ameliorate Digital Consultancy)
Worldwide demand for vetiver oil is predicted to evolve at a CAGR of 3.8% from 2023 to 2033. The global vetiver oil market currently stands at US$ 82 million and is estimated to reach a market value of US$ 120 million by 2033.
The simplicity of usage compared to conventional goods and improvements in production technologies are driving up demand for organic vetiver oil. Due to its various benefits, organic vetiver oil is increasingly popular on a global scale. The vetiver plant yields vetiver oil, which is also known as“khus.” It has a number of benefits and a strong scent that is probably earthy. It is a perennial plant that is a member of the family Poaceae. Typically, it is widely grown over the entire tropical world.
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Vetiver Oil Market Drivers: Increasing consumer demand for organic products: Consumers worldwide are becoming more health-conscious and are seeking organic alternatives to conventional food products. This trend is driven by concerns about pesticide residues, genetically modified organisms (GMOs), and the desire for healthier and more sustainable food options. Organic bakery products, which are made using organic ingredients, are perceived as healthier and more environmentally friendly. Growing awareness of the benefits of organic food: There is a greater awareness among consumers about the potential health benefits of consuming organic food. Organic bakery products are free from synthetic pesticides, chemical additives, and preservatives, which makes them attractive to health-conscious consumers who prioritize natural and wholesome ingredients. Supportive government regulations and certifications: Many countries have implemented regulations and certifications to promote the production and sale of organic food products, including organic bakery items. These regulations ensure that organic bakery products meet specific standards and are labeled accordingly. Government support and certification schemes help build consumer trust in organic bakery products and drive market growth. Competitive landscape:
Top vetiver oil suppliers are working on projects that focus on differentiating their products by introducing distinct grades and folds. To meet the rising demand for vetiver oil products, these businesses are also increasing their infrastructure and production capacity.
For instance :
Natural ingredient manufacturer Robertet announced the introduction of powdered essential oil that has been encapsulated. The prebiotic insulin is used in this novel method to transfer aetheroleum oils into powders with better absorption. The product can now be used in the nutraceutical industry thanks to improved technology. In 2021, a company called Katyani Exports Pvt. Ltd. which produces natural essential oils, spice oils, carrier oils, mint oils, and flower absolutes debuted a line of organic goods that included essential oils. Without the use of any hazardous solvents or vetiver oil as a base solvent, these items are produced.
Prominent Key players of the Vetiver Oil market survey report:
Citrus and Allied Essences Ltd. Bontoux S.A.S Mountain Rose Herbs Inc. Aromaaz International Biolandes Greenleaf Extractions Private Limited Plant Therapy Essential Oils Synthite Industries Ltd Young Living Essential Oils LC
Segmentation of Vetiver Oil Industry Research:
Absolute Concentrates Blends
Therapeutics Spa & Relaxation Food & Beverages Cleaning & Home Others
By Distribution Channel :
Modern Trade Franchise Outlets Specialty Stores Online Retail Stores
North America Europe Asia Pacific Latin America Middle East & Africa
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How will be insights and market estimations provided in the Fact.MR report on the Demand of Vetiver Oil make a difference?
The study takes a closer look at the major economic turmoil, with a focus on the recent COVID-19 pandemic disruptions The assessment of key growth dynamics highlights the attractiveness of new automation technologies and offers readers insight on the prospect of these during the forecast period The study tries to offer a balance perspective of the opportunities in mature and the most lackluster markets Provides scrutiny of the industry trends that have shaped recent government policies Provides an account of major breakthroughs in all segments that might change the course of the market considerably Provides an incisive analysis of socio-political milieu in which the key markets operate, and how will that influence the lucrativeness of the overall Vetiver Oil Market Analyzes how collaborations and partnerships among players from different industries shape the key growth dynamics in the near future Evaluates the role of various stages of funding on new growth avenues in key regional markets
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