Global Vetiver Oil Market Size To Exceed USD 101.6 Billion By 2033: Industry Analysis Report

Global Vetiver Oil Market Size To Exceed USD 101.6 Billion By 2033

According to a research report published by Spherical Insights & Consulting, The Global Vetiver Oil Market Size is Expected to Grow from USD 54.3 Billion in 2023 to USD 101.6 Billion by 2033, at a CAGR of 6.47% during the forecast period 2023-2033.                              

Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on th Global Vetiver Oil Market Size, Share, and COVID-19 Impact Analysis, By Product (Organic, Conventional), By Application (Spa and Relaxation, Medical, Food and Beverage, Cleaning and Home), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.  

The vetiver oil market refers to the global industry involved in the production, distribution, and utilization of vetiver essential oil, which is extracted from the roots of the Vetiveria zizanoides plant. Known for its earthy, woody aroma, vetiver oil is highly valued for its wide-ranging applications in the fragrance, cosmetics, aromatherapy, and pharmaceutical industries. Moreover, the vetiver oil market is driven by growing demand for natural and organic ingredients in the fragrance, cosmetic, and aromatherapy industries. Its therapeutic properties, including stress relief and anti-inflammatory effects, fuel consumer interest. Additionally, rising preference for sustainable and eco-friendly products further accelerates market growth globally. However, the vetiver oil market faces restraints such as high production costs, limited raw material availability, and long growth periods for the vetiver plant. Additionally, counterfeit products and inconsistent quality impact market growth.  

The conventional segment accounted for the largest share of the global Vetiver Oil market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.  

Based on product, the global vetiver oil market is divided into organic and conventional. Among these, the conventional segment accounted for the largest share of the global vetiver oil market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.  This dominance is driven by increasing consumer demand for natural and eco-friendly products, particularly in the cosmetics, aromatherapy, and personal care industries. Organic vetiver oil is derived from vetiver roots grown without synthetic pesticides or fertilizers, appealing to health-conscious consumers and aligning with the rising trend toward sustainability. 

The spa and relaxation segment accounted for a substantial share of the global vetiver oil market in 2023 and is anticipated to grow at a rapid pace during the projected period.

On the basis of the application, the global vetiver oil market is divided into spa and relaxation, medical, food and beverage, and cleaning and home. Among these, the spa and relaxation segment accounted for a substantial share of the global vetiver oil market in 2023 and is anticipated to grow rapidly during the projected period.  This dominance is primarily due to the increasing demand for aromatherapy and wellness treatments. Vetiver oil's calming and grounding properties make it a popular choice in spa settings, contributing significantly to its market presence. Additionally, the growing consumer interest in natural and holistic health practices further bolsters the demand for vetiver oil in this application. 

Asia Pacific is projected to hold the largest share of the global vetiver oil market over the projected period. 

Asia Pacific is projected to hold the largest share of the global vetiver oil market over the projected period. Major producers like India, Indonesia, and China dominate the market. The region's growing demand for natural skincare products, aromatherapy, and eco-friendly ingredients in wellness and personal care applications significantly contributes to the market's growth.

Europe is expected to grow at the fastest CAGR of the global vetiver oil market during the projected period. The demand for natural and organic ingredients in luxury cosmetics, fragrance products, and aromatherapy is driving growth. Countries like France, Germany, and the UK lead in consumption, fueled by consumer preferences for sustainable and high-quality products.  

Company Profiling

Major vendors in the global vetiver oil market are Aromatic Herbals Private Limited, Unicode S.A, Frager SA, Manohar Botanical Extracts Pvt. Ltd., Rajkeerth Aromatics and Biotech Pvt. Ltd., Imperial Extracts, and Amphora Aromatics Ltd., and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global vetiver oil market based on the below-mentioned segments:

Global Vetiver Oil Market, By Product

• Organic
• Conventional

Global Vetiver Oil Market, By Application

• Spa and Relaxation
• Medical
• Food and Beverage
• Cleaning and Home

Global Vetiver Oil Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa