Published: Apr, 2018

The global Haitian vetiver oil market is extremely fragmented with several small players in various regions. Fleurchem Inc., Haiti Essential Oil Co. SA, Floracopeia Inc., Robertet Groupe, Ernesto Ventos SA., Frager S.A., Lluch Essence Sl., UniKode S.A., and International Fragrance and Flavor Inc. are some of the leading players in the global Haitian Vetiver oil market. These players are working on several research and development activities and striving to sustain their position in the market.

According to Transparency Market Research, the global Haitian vetiver oil market is anticipated to proceed with a CAGR of 1.50% within the forecast period from 2016 to 2024. However, the market is foreseen to decline with a negative CAGR of -1.10% in terms of revenue over the forecast period. The market was valued at US$32.4 mn in 2016. And this figure is anticipated to reduce to US$29.7 mn by the end of 2024. Nevertheless, the demand of Haitian vetiver oil seems to be increasing production of scents and perfumes, which is likely to propel the market growth.

haitian vetiver oil marketEurope Region to Dominate Global Haitian Vetiver Oil Market

Based on product segment, the market is segmented into organic and conventional. Among these two, the conventional vetiver oil segment is likely to lead the market race, owing to rise in preference and popularity of organic products among the buyers all over the world. Geographically, Europe is prognosticated to dominate the global Haitian vetiver oil market, accounting for around 75% of market share in 2016. The region is likely to continue its lead within the forecast period as well.

The popularity of Haiti as the producer of best quality vetiver oil in the world has been the important factor behind the growing interest for Haitian vetiver oil. Since vetiver oil is a basic raw material utilized as a part of perfumes and scents, the rising pattern of aromatherapy is accelerating its demand altogether.

Increased Usage in Aromatherapy to Propel Market Growth

In the coming years, the interest for vetiver oil as flavoring agent is likely to see a change because of its developing use in food and beverage items to add aroma, flavor, and certain functional properties. Besides, the rising utilization of aroma and therapeutic oils is anticipated to help the generation of demand for Haitian vetiver oil throughout the following couple of years. Be that as it may, the simple accessibility of choices may constrain its request sooner rather than later, affecting the development of this market.

This review of the global dental laboratories market is based on a recent market research report by “Haitian Vetiver Oil Market (Product - Conventional and Organic; Application - Perfume and Scent Products, Pharmaceuticals, and Food and Beverages) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024.

Key Takeaways:

  • The market is foreseen to decline with a negative CAGR of -1.10% in terms of revenue over the forecast period.
  • The demand of Haitian vetiver oil seem to increase in production of scents and perfumes, which is likely to propel the market growth.

The global Haitian vetiver oil market is segmented into:

By Products

  • Conventional
  • Organic

By Application

  • Perfume and Scent Products
  • Pharmaceuticals
  • Food and Beverages
  • Others

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453