Haitian Vetiver Oil Market 2016 Share, Trend and Forecast Haitian Vetiver Oil Market - Global Industry Analy

Haitian Vetiver Oil Market - Global Industry
Analysis, Size, Share, Growth, Trends and
Forecast 2016 - 2024
Global Haitian Vetiver Oil market: Snapshot
The global market for Haitian vetiver oil is witnessing a healthy rise in its production
volume, prompted significantly by the decline in the cost. Over the period from
2016 to 2024, the market will witness a surge in volume at a CAGR of 1.50%;
however in revenues, it is expected to downplay, declining from a US$32.4 mn in
2016 to a value of US$29.7 mn by 2024 at a CAGR of -1.10% during the same time
period.
Vetiver oil is one of the essential raw materials widely used in the global fragrance
industry, and Haiti is known for producing the best quality of vetiver oil. The
increasing usage of vetiver oil in aromatherapy, thanks to its popularity as historical
therapeutic oil in eastern countries on account of its convenient, safe, and
customary application, is the key factor behind the rising production for vetiver oil.
Furthermore, the rising awareness about the therapeutic properties of Haitian
vetiver oil, such as its efficient usage as tonic, nervine, and sedative to benefit
patients suffering from rheumatism, arthritis, gout, muscular aches, dryness, and
cracking of the skin, is also expected to influence its demand and, eventually, its
production volume over the next few years.
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vetiver-oil-market.html
Haitian Vetiver Oil to Remain in High Demand for Making Perfumes and
Scents
Haitian vetiver oil finds a widespread application in perfumes and scents,
pharmaceuticals, food and beverages, and various other products, such as personal
care products. The demand for this oil has been significantly greater in the
perfumes and scents segment and the scenario is anticipated to remain so over the
next few years. Apart from this, Haitian vetiver oil is also expected to witness
significant increase in demand for applications in food and beverage products as it
is plant-derived, and is considered natural and healthy.
Among other application areas, the usage of Haitian vetiver oil is likely to increase
in personal care products in the near future due to its natural ingredient status,
beneficial cleansing properties, and pleasant aroma. This essential oil is heavily
utilized in creams and lotions for moisturizing and nourishing skin as it especially