August 29, 2019 by Steve Blade
The global vetiver oil market is expected to reflect a CAGR of 4.0% during the period of forecast, 2017-2022. The growth of the vetiver oil market is impacted by many factors. To name a few, the rising pharmaceutical industry, food and beverage industry, cosmetic industry, perfume industry, growing awareness of the benefits of using vetiver oil, higher disposable income of people who can afford to use spend on cosmetics and on organic or natural medications and so on. The Asia-Pacific excluding Japan (APEJ) region shows average growth considering the global vetiver oil market. However, Europe seems to be the most lucrative region among other regions.
European region favors the vetiver oil market. it is expected to dominate the global vetiver oil market and grow at a moderate pace during the forecast period of 2017 to 2022. It is the most lucrative region for vetiver oil and reflects higher market attractiveness, followed by Japan
Table of Content
1. Global Vetiver Oil Market - Executive Summary
2. Global Vetiver Oil Market Overview
3. Global Vetiver Oil Market Analysis and Forecast By Source Type
To be Continue.......
Within the form type segment, the blend sub segment is poised to show a higher growth rate throughout the forecast period followed by absolute and blends sub segment of the vetiver oil market. For all the three form types, Europe stays the most lucrative region exhibiting a higher revenue market share compared to other regions.
Food and beverages remains the largest application segment in the period of forecast. Towards the end of the forecasted period, that is by 2022, this segment is expected to show a revenue of almost US$ 200 Mn.
The online sub segment of the distribution channel is expected to grow at a higher rate in the forecasted period. In 2017, the online sub segment reflected a revenue of approximately US$ 74 Mn and is poised to reach more than US$ 90 Mn.
Online Sub Segment Out Paces all Other Distribution Channel Sub Segments
Modern trade, franchise outlets and specialty stores are outpaced by the online sub segment in the distribution channel segment of the global vetiver oil market. The online segment, however, has comparatively lower absolute dollar opportunity as compared to other sub segments. The modern trade sub segment reflects a moderate CAGR, close to yet lower than the online sub segment, but shows a relatively higher absolute dollar opportunity and a higher revenue share among the other sub segments. The online distribution channel is upcoming and in the coming years it is more likely to get a grip in the global vetiver oil market.
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