Vetiver oil finds its use as a flavoring and preserving agent in food and beverage
industry. It is used to flavor syrups and ice creams. The product owing to antimicrobial
and antioxidant properties functions as a preserving agent in food and beverage
industry and is FDA compliant. The essential oils market share from food & beverage
application may account for 145 kilo tons at the end of 2025 thereby, propelling vetiver
oil market growth.
Asia-Pacific led by Japan, India and China may witness substantial gains in the
forecaste timeframe. The product owing to its therapeutic properties is used to treat
depression and insomnia. It is also used in various skin treatments. Changing lifestyle
owing to hectic work schedules will foster pharmaceutical drugs demand which will
boost the market growth.
North America led by Canada, Mexico and U.S. vetiver oil market may witness
significant gains owing to rising demand of fragrance ingredients. The product due to
its pleasant aroma is used in the perfume industry. US perfume industry is expected
to grow at 3.5% by 2024 thus, fortifying vetiver oil demand.
Global vetiver oil market share is fragmented with key players including Fleurchem,
Inc, Manohar Botanical Extracts Pvt. Ltd, Unikode S.A., Vee Kay International,
Kautilya Phytoextracts Pvt. Ltd., Frager S.A., Rajkeerth Aromatics, Aromatic Herbals
Pvt. Ltd. and Floracopeia. The manufacturers are investing heavily in R & D activities
for increasing production capacity and improving extraction techniques.
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