Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Haitian vetiver oil is an essential oil extracted from vetiver grass, as its roots are enriched with fragrant essential oil. This essential oil is widely used in aromatherapy, perfumes, cosmetics, and food & flavoring applications. Haitian vetiver oil is thick and gooey in nature.

The global haitian vetiver oil market is projected to surpass US$ 31.0 million by the end of 2027, in terms of revenue, growing at CAGR of 1.5% during the forecast period (2020 to 2027).

Drivers

Growing demand for Haitian vetiver oil from the fragrance industry is a prime factor propelling market growth. Vetiver oil is widely used in the production of perfumes and scent due to its cooling properties and it gets easily blend with perfumes. It is used as main ingredients in all fragrances products especially men. Therefore, the growth of the haitian vetiver oil market is mainly attributed to the rising demand from the fragrance industry.

The increasing importance of aromatherapy as they are considered as an ideal alternative of traditional allopathic solutions is expected to augment market growth. Growing demand for therapeutic oils across developing as well as developed regions are expected to foster the market growth of the haitian vetiver oil. This oil is highly popular in aromatherapy due to its various medicinal properties such as anti-inflammatory properties and antiseptic properties.

Regionally, Europe dominated the global haitian vetiver oil market in 2019, reporting 74% market share in terms of revenue, followed by North America and Asia-pacific, respectively.

Figure 1. Global Haitian Vetiver Oil Market, Revenue Share (%), By Region, 2019

Haitian Vetiver Oil  | Coherent Market Insights

Market Restraints

The higher dependency of planters on investors for financial resources is expected to restrict the market growth of the haitian vetiver oil. This may hamper the production of the vetiver oil which ultimately leads to a gap in demand-supply, thereby restricting the market growth.

Side-effects such as allergy associated with the excessive use of vetiver essential oil are projected to hamper the market growth of the haitian vetiver oil.

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Haitian Vetiver Oil Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 25.5 Bn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 1.5% 2027 Value Projection: US$ 31.0 Bn
Geographies covered:
  • North America: U.S., Canada
  • Latin America: Brazil, Mexico, Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, Rest of Asia Pacific
  • Middle East & Africa: South Africa, GCC Countries, Rest of Middle East & Africa
Segments covered:
  • By Product Type: Natural, Organic
  • By Application: Perfume & Scent products, Pharmaceuticals, Food & Beverages, Others
Companies covered:

International Flavor and fragrance, Ernesto Ventos, S.A., Lluch Essence Sl,UniKode S.A., rager S.A., Robertet Groupe, Floracopeia Inc., Fleurchem Inc., and Haiti Essential Oil Co., SA

Growth Drivers:
  • Growing demand for Haitian vetiver oil from the fragrance industry
  • Rising demand for vetiver oil from the food industry
  • Increasing importance of aromatherapy as an ideal alternative of traditional allopathic solutions
Restraints & Challenges:
  • High dependency of planters on investors for financial resources

Market Opportunities

Growing demand for fragrance products such as perfumes and scents is expected to bring new opportunities to the market of Haitian vetiver oil. Moreover, the growing demand for anti-aging creams due to the growing middle-age population coupled with the rising awareness regarding skin benefits of Haitian vetiver oil. Thus, the growing demand for cosmetic products will favor the market growth of the Haitian vetiver oil over the forecast period.

Increasing application of Haitian vetiver oil from the pharmaceutical industry due to its medicinal and therapeutic effects is expected to create lucrative market opportunities. It is mostly used in the drug formulation used to treat skin or nerve disorders. Moreover, growing number of aesthetic practitioners around the globe that are widely adopting Haitian vetiver oil for enhancing skin quality and treating skin damages. 

Figure 2. Global Haitian Vetiver Oil Market – Opportunity Analysis

Haitian Vetiver Oil  | Coherent Market Insights

Market Trends

Shifting focus of the manufacturer towards advertising activities for promoting the brand is expected to be a major trend in the market. Expanding retail chains coupled with the growing demand for organic home care products is also anticipated to augment the market growth of the Haitian vetiver oil. Furthermore, increasing preference for natural healing treatment among consumers is further anticipated to foster market growth.

Growing personal grooming trend both in men and women is expected to bolster the market growth of the Haitian vetiver oil. The growing demand for natural products due to rising awareness regarding the health benefits of natural products is expected to accelerate the market growth of the Haitian vetiver oil.

Figure 3. Global Haitian Vetiver Oil Market, Revenue Share (%), By Application, in 2019

Haitian Vetiver Oil  | Coherent Market Insights

On the basis of application, perfumes & scents dominated the global haitian vetiver oil market in 2019 with around 78% of market share in terms of revenue, followed by pharmaceuticals and food & beverages, respectively.   

Global Haitian Vetiver Oil Market - Impact of Coronavirus (Covid-19) Pandemic

Consumer spendings on cosmetics and fragrances have reduced globally owing to the rapid changes in the expenditure patterns. People are reluctant towards spending on non-essential products during (Covid-19) Pandemic. Hoever, Haitian Vetiver Oil have a lower risk of contamination owing to longer shelf lives which will attribute the rationing of consumer supplies in the near future. The Global Haitian Vetiver Oil Market is expected to stabilize after end quarter of 2020 with recovering of global economy.

Competitive Section

Key players are operating in the global haitian vetiver oil market are International Flavor and fragrance, Ernesto Ventos, S.A., Lluch Essence Sl,UniKode S.A., rager S.A., Robertet Groupe, Floracopeia Inc., Fleurchem Inc., and Haiti Essential Oil Co., SA

Haitian vetiver oil is used for skin treatment as it has medicinal and therapeutic benefits on skin as well as nervous system. It helps in treating skin issues such as acne, pimple, dry skin and others. Rising trend among health-conscious customers regarding the utilization of natural and organic ingredients across the globe is favouring the growth of the market in recent past years.

Market Dynamics

The global haitian vetiver oil market has witnessed significant growth in recent past years, owing to the rising awareness regarding benefits of natural food ingredients among consumers. This in turn has resulted the rise in demand for innovative packaging solutions. This is expected to foster the demand for haitian vetiver oil in the next few years.

Major players in the global haitian vetiver oil market are increasing their investment on innovative product launchings, research & development and marketing & promotional activities to capitalize on emerging trends in various end-use industries such as cosmetics, food & beverages, pharmaceuticals, and others. This scenario is expected to fuel the market during the forecast period.

Key features of the study:

  • This report provides in-depth analysis of global haitian vetiver oil market size (US$ Million), and Compound Annual Growth Rate (CAGR %) for the forecast period (2020 – 2027), considering 2019 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
  • It profiles leading players in the global haitian vetiver oil market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study includes International Flavor and fragrance, Ernesto Ventos, S.A., Lluch Essence Sl,UniKode S.A., rager S.A., Robertet Groupe, Floracopeia Inc., Fleurchem Inc., and Haiti Essential Oil Co., SA
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding their future product launches, Product Type up-gradation, market expansion, and marketing tactics
  • The global haitian vetiver oil market report caters to various stakeholders in this industry including investors, suppliers, global haitian vetiver oil manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing  the global haitian vetiver oil market

Detailed Segmentation:

  • Global Haitian Vetiver Oil Market, By Product Type:
    • Natural
    • Organic
  • Global Haitian Vetiver Oil Market, By Application:
    • Perfume and scent products
    • Pharmaceuticals
    • Food and beverages
    • Others
  • Global Haitian Vetiver Oil Market, By Region:
    • North America
      • U.S.
        • By Product Type
          • Natural
          • Organic
        • By Application:
          • Perfume and scent products
          • Pharmaceuticals
          • Food and beverages
          • Others
      •  Canada
        • By Product Type
          • Natural
          • Organic
        • By Application:
          • Perfume and scent products
          • Pharmaceuticals
          • Food and beverages
          • Others
    • Latin America
      • Brazil
        • By Product Type
          • Natural
          • Organic
        • By Application:
          • Perfume and scent products
          • Pharmaceuticals
          • Food and beverages
          • Others
      • Mexico
        • By Product Type
          • Natural
          • Organic
        • By Application:
          • Perfume and scent products
          • Pharmaceuticals
          • Food and beverages
          • Others
      • Rest of Latin America
        • By Product Type
          • Natural
          • Organic
        • By Application:
          • Perfume and scent products
          • Pharmaceuticals
          • Food and beverages
          • Others
    • Europe
      • France
        • By Product Type
          • Natural
          • Organic
        • By Application:
          • Perfume and scent products
          • Pharmaceuticals
          • Food and beverages
          • Others
      • Germany
        • By Product Type
          • Natural
          • Organic
        • By Application:
          • Perfume and scent products
          • Pharmaceuticals
          • Food and beverages
          • Others
      • U.K.
        • By Product Type
          • Natural
          • Organic
        • By Application:
          • Perfume and scent products
          • Pharmaceuticals
          • Food and beverages
          • Others
      • Russia
        • By Product Type
          • Natural
          • Organic
        • By Application:
          • Perfume and scent products
          • Pharmaceuticals
          • Food and beverages
          • Others
      • Rest of Europe
        • By Product Type
          • Natural
          • Organic
        • By Application:
          • Perfume and scent products
          • Pharmaceuticals
          • Food and beverages
          • Others
    • Asia Pacific
      • China
        • By Product Type
          • Natural
          • Organic
        • By Application:
          • Perfume and scent products
          • Pharmaceuticals
          • Food and beverages
          • Others
      • Japan
        • By Product Type
          • Natural
          • Organic
        • By Application:
          • Perfume and scent products
          • Pharmaceuticals
          • Food and beverages
          • Others
      • Australia
        • By Product Type
          • Natural
          • Organic
        • By Application:
          • Perfume and scent products
          • Pharmaceuticals
          • Food and beverages
          • Others
      • India
        • By Product Type
          • Natural
          • Organic
        • By Application:
          • Perfume and scent products
          • Pharmaceuticals
          • Food and beverages
          • Others
      • Rest of the Asia-pacific
        • By Product Type
          • Natural
          • Organic
        • By Application:
          • Perfume and scent products
          • Pharmaceuticals
          • Food and beverages
          • Others
    • Middle East & Africa
      • GCC
        • By Product Type
          • Natural
          • Organic
        • By Application:
          • Perfume and scent products
          • Pharmaceuticals
          • Food and beverages
          • Others
      • South Africa
        • By Product Type
          • Natural
          • Organic
        • By Application:
          • Perfume and scent products
          • Pharmaceuticals
          • Food and beverages
          • Others
      • Rest of Middle East & Africa
        • By Product Type
          • Natural
          • Organic
        • By Application:
          • Perfume and scent products
          • Pharmaceuticals
          • Food and beverages
          • Others
  • Company Profiles
    • International Flavor and fragrance*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Ernesto Ventos, S.A.
    • Lluch Essence Sl
    • UniKode S.A.
    • Frager S.A.
    • Robertet Groupe
    • Floracopeia Inc.
    • Fleurchem Inc.
    • Haiti Essential Oil Co., SA

 “*” marked represents similar segmentation in other categories in the respective.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • PEST Analysis
      • PORTER’s Analysis
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
  4. Global Haitian Vetiver Oil Market - Impact of Coronavirus (Covid-19) Pandemic
    • Overview
    • Factors Affecting Global Sodium Hypochlorite Market – COVID-19
    • Impact Analysis
  5. Global Haitian Vetiver Oil Market, By Product Type, 2017 - 2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Natural
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Organic
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
  6. Global Haitian Vetiver Oil Market, By Application, 2017 - 2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Perfume & scent products
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Pharmaceuticals
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Food & beverages
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Others
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
  7. Global Haitian Vetiver Oil Market, By Region, 2017- 2027 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Region, 2020 - 2027
    • North America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
    • Latin America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Rest of Latin America
          • Sub-region/Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
    • Europe
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • France
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Poland
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Rest of Europe
          • Sub-region/Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
    • Asia Pacific
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • China
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • India
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Rest of Asia Pacific
          • Sub-region/Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
    • Middle East & Africa
      • Market Share Analysis, By Country/ Sub-region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country/ Sub-region, 2020 - 2027
        • GCC
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • South Africa
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
        • Rest of Middle East & Africa
          • Sub-region/Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million)
  8. Competitive Landscape
    • Market Share Analysis
    • Company
      • International Flavor and fragrance*
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Ernesto Ventos, S.A.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Lluch Essence Sl
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • UniKode S.A.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Frager S.A.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Robertet Groupe
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Floracopeia Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Fleurchem Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Haiti Essential Oil Co., SA
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 45 market data tables* and 30 figures* on "Global Haitian Vetiver Oil Market” – global forecast to 2027

Frequently Asked Questions

The market for global haitian vetiver oil is forecast to surpass US$ 31.0 million by 2027 witnessing a CAGR of 1.5% between 2020 and 2027.
Growing demand for Haitian vetiver oil from the fragrance industry and food industryis fuelling the growth of the global haitian vetiver oil market in the region.
Shifting focus of the manufacturer towards advertising activities for promoting the brand is expected to favor market growth over the forecast period.
High dependency of planters on investors for financial resources is expected to hamper the growth the market during the forecast period.
Major players operating in the global haitian vetiver oil market include International Flavor and fragrance, Ernesto Ventos, S.A., Lluch Essence Sl,UniKode S.A., rager S.A., Robertet Groupe, Floracopeia Inc., Fleurchem Inc., and Haiti Essential Oil Co., SA
The global haitian vetiver oil market was estimated to be valued around US$ 25.5 million in terms of revenue in 2019.
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