PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1703971
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1703971
Global Vetiver Oil Market Size study, by Application (Medical, Food & Beverage, Spa & Relaxation), and Regional Forecasts 2022-2032
Global Vetiver Oil Market is valued at approximately USD 51.67 million in 2023 and is anticipated to grow with a compound annual growth rate of more than 7.60% over the forecast period 2024-2032. Extracted from the roots of the Chrysopogon zizanioides plant, vetiver oil has evolved from a traditional aromatic staple in Southeast Asian rituals to a globally demanded essential oil in modern wellness, medical, and gourmet formulations. Its earthy, grounding scent, paired with therapeutic qualities like anti-inflammatory, antioxidant, and antimicrobial activity, has elevated its utility far beyond perfumery into pharmaceuticals and functional foods. As wellness culture becomes increasingly mainstream and consumers gravitate toward natural and multi-functional botanicals, vetiver oil is witnessing robust traction across both developed and emerging markets.
The global market's growth trajectory is reinforced by the expanding footprint of aromatherapy and spa-based healing practices, where vetiver oil is employed to reduce stress, manage anxiety, and improve sleep quality. Parallelly, the food & beverage industry is experimenting with vetiver-infused gourmet infusions and botanical cocktails, riding the wave of niche, experiential gastronomy. Additionally, the medical segment has been incorporating the oil in topical formulations due to its promising wound-healing and antiseptic capabilities. These cross-functional applications, underpinned by its exotic appeal and therapeutic efficacy, are redefining the scope of growth for the global vetiver oil industry.
However, despite its rising popularity, the market does face bottlenecks primarily due to the complex and time-intensive extraction process of vetiver oil, which demands skilled labor and longer distillation cycles. Furthermore, climatic unpredictability in major growing regions like India and Haiti can disrupt harvest cycles and impact raw material availability, thereby leading to cost fluctuations. That said, sustainability-forward cultivation methods, better extraction technologies, and ethical sourcing certifications are gradually alleviating these operational hindrances and supporting supply chain stability.
North America has emerged as a lucrative regional hub for the vetiver oil market, driven by the wellness boom, increased spa services demand, and growing herbal pharmaceutical use. Europe closely follows, buoyed by regulatory support for clean-label ingredients in personal care and therapeutics. Meanwhile, Asia Pacific, the native ground of vetiver, is witnessing accelerating demand as local producers scale up exports and domestic consumption, especially in India, China, and Indonesia. Latin America and the Middle East & Africa are also showing encouraging market signals due to growing penetration of wellness culture and botanical ingredient innovations.
Major market player included in this report are:
- Plant Therapy Essential Oils
- Albert Vieille SAS
- Young Living Essential Oils
- Fleurchem Inc.
- Ultra International B.V.
- Synthite Industries Ltd.
- Greenleaf Extractions Pvt. Ltd.
- Mountain Rose Herbs
- Biolandes SAS
- VedaOils
- Nusaroma
- Aromaaz International
- IL Health & Beauty Natural Oils Co. Inc.
- doTERRA International LLC
- Givaudan SA
The detailed segments and sub-segments of the market are explained below:
By Application
- Medical
- Food & Beverage
- Spa & Relaxation
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Years considered for the study are as follows:
- Historical year - 2022
- Base year - 2023
- Forecast period - 2024 to 2032
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2022 to 2032.
- Annualized revenues and regional level analysis for each market segment.
- Detailed analysis of geographical landscape with Country level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approach.
- Analysis of competitive structure of the market.
- Demand side and supply side analysis of the market.
Table of Contents
Chapter 1. Global Vetiver Oil Market Executive Summary
- 1.1. Global Vetiver Oil Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Application
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Vetiver Oil Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory Frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
Chapter 3. Global Vetiver Oil Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Expanding Aromatherapy & Spa Adoption
- 3.1.2. Rising Gourmet & Functional Food Innovation
- 3.1.3. Integration into Therapeutic Formulations
- 3.2. Market Challenges
- 3.2.1. Complex, Labor Intensive Extraction Processes
- 3.2.2. Climate Driven Supply Volatility
- 3.3. Market Opportunities
- 3.3.1. Advances in Sustainable Cultivation & Distillation
- 3.3.2. Ethical Sourcing and Certification Growth
- 3.3.3. New Cosmeceutical and Nutraceutical Applications
Chapter 4. Global Vetiver Oil Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top Investment Opportunity
- 4.4. Top Winning Strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Vetiver Oil Market Size & Forecasts by Application 2022-2032
- 5.1. Segment Dashboard
- 5.2. Global Vetiver Oil Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 5.2.1. Medical
- 5.2.2. Food & Beverage
- 5.2.3. Spa & Relaxation
Chapter 6. Global Vetiver Oil Market Size & Forecasts by Region 2022-2032
- 6.1. North America Vetiver Oil Market
- 6.1.1. U.S. Vetiver Oil Market
- 6.1.1.1. Application breakdown size & forecasts, 2022-2032
- 6.1.2. Canada Vetiver Oil Market
- 6.1.1. U.S. Vetiver Oil Market
- 6.2. Europe Vetiver Oil Market
- 6.2.1. UK Vetiver Oil Market
- 6.2.2. Germany Vetiver Oil Market
- 6.2.3. France Vetiver Oil Market
- 6.2.4. Spain Vetiver Oil Market
- 6.2.5. Italy Vetiver Oil Market
- 6.2.6. Rest of Europe Vetiver Oil Market
- 6.3. Asia Pacific Vetiver Oil Market
- 6.3.1. China Vetiver Oil Market
- 6.3.2. India Vetiver Oil Market
- 6.3.3. Japan Vetiver Oil Market
- 6.3.4. Australia Vetiver Oil Market
- 6.3.5. South Korea Vetiver Oil Market
- 6.3.6. Rest of Asia Pacific Vetiver Oil Market
- 6.4. Latin America Vetiver Oil Market
- 6.4.1. Brazil Vetiver Oil Market
- 6.4.2. Mexico Vetiver Oil Market
- 6.4.3. Rest of Latin America Vetiver Oil Market
- 6.5. Middle East & Africa Vetiver Oil Market
- 6.5.1. Saudi Arabia Vetiver Oil Market
- 6.5.2. South Africa Vetiver Oil Market
- 6.5.3. Rest of Middle East & Africa Vetiver Oil Market
Chapter 7. Competitive Intelligence
- 7.1. Key Company SWOT Analysis
- 7.1.1. Plant Therapy Essential Oils
- 7.1.2. Albert Vieille SAS
- 7.1.3. Young Living Essential Oils
- 7.2. Top Market Strategies
- 7.3. Company Profiles
- 7.3.1. Plant Therapy Essential Oils
- 7.3.1.1. Key Information
- 7.3.1.2. Overview
- 7.3.1.3. Financial (Subject to Data Availability)
- 7.3.1.4. Product Summary
- 7.3.1.5. Market Strategies
- 7.3.2. Albert Vieille SAS
- 7.3.3. Young Living Essential Oils
- 7.3.4. Fleurchem Inc.
- 7.3.5. Ultra International B.V.
- 7.3.6. Synthite Industries Ltd.
- 7.3.7. Greenleaf Extractions Pvt. Ltd.
- 7.3.8. Mountain Rose Herbs
- 7.3.9. Biolandes SAS
- 7.3.10. VedaOils
- 7.3.11. Nusaroma
- 7.3.12. Aromaaz International
- 7.3.13. IL Health & Beauty Natural Oils Co. Inc.
- 7.3.14. doTERRA International LLC
- 7.3.15. Givaudan SA
- 7.3.1. Plant Therapy Essential Oils
Chapter 8. Research Process
- 8.1. Research Process
- 8.1.1. Data Mining
- 8.1.2. Analysis
- 8.1.3. Market Estimation
- 8.1.4. Validation
- 8.1.5. Publishing
- 8.2. Research Attributes
