Vetiver oil is a type of essential oil, which has soothing and healing properties. The oil is utilized in applications such as fragrances, flavoring in food & beverages, and pharmaceuticals among others. The oil is produced by distillation of vetiver roots, majorly in countries such as Haiti, Indonesia, India, Reunion (France), and Brazil. The medicinal properties of the oil are well documented and it is widely used as a traditional medicine for the treatment of boils, burns, insect bites, and stings. Increasing demand for vetiver oil in fragrances and pharmaceuticals applications has fueled the market growth. Moreover, the oil reduces inflammation, anxiety, nervousness, and is also used in medicines to eliminate scars and heal wounds.
The rising disposable income and the increasing awareness among many individuals about the importance of maintaining a proper personal care routine are expanding the demand for personal care products on a large scale. Vetiver oil is being used majorly in personal care products due to its benefits such as relaxation, fragrance, and soothing effects. Concurrently, it is effective in reducing stretch marks, and wrinkles. It is also beneficial in the treatment of skin diseases. Subsequently, vetiver oil is also used in certain food and beverages which ultimately may augment the market growth.
The emerging trend of consuming organic food items is increasing at a rapid rate around the globe. Furthermore, the popularity of vetiver oil in the pharmaceutical sector due to its characteristics such as strengthening the central nervous system may serve as a crucial aspect in strengthening the growth structure. Vetiver oil is also effective in reducing stress, anxiety, and insomnia. Therefore, it is largely used in spas and salons. All these factors may serve as growth accelerators for the vetiver oil market.
Key features of the study:
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