Haitian Vetiver Oil Industry & Essential Oil Market Rising Demand in Food & Beverages Predicted to Witness a Pronounce Growth by 2023
Overview for Essential Oil-Global Market Outlook (2017-2023) and Haitian Vetiver Oil-Global Market Outlook (2017-2023) Helps in providing scope and definations, Key Findings, Growth Drivers, and Various Dynamics.
Dallas, United States – October 5, 2017 /MarketersMedia/ —
Global Haitian Vetiver Oil market is expected to grow from $XX million in 2016 to reach $XX million by 2023 with a CAGR of XX%. Growing usage of vetiver oil in aromatherapy, increasing awareness regarding the therapeutic properties of Haitian vetiver oil, rising demand for the oil in perfumes and scents and its medicinal properties are some of the factors propelling the market growth. The application for Haitian Vetiver Oil in Personal care products is expected to create huge opportunities for the market in the future. However, the easy availability of alternatives will hinder the market growth.
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Vertiver oil is also used in traditional medicine owing to its healing and protection properties. South Asia, West Africa and Southeast Asia are the regions where this oil is mostly used in medicines. Its natural body cooling property makes it’s the most popular oil in the tropical countries where there is much humidity. It is used to treat heat strokes, joint disorders, skin problems and also gives relief from anxiety and nervousness. Recent research on Vertiver oils proved that it can improve the brain activity and reduce the symptoms of Attention-deficit/hyperactivity disorder (ADHD).
Some of the key players in the Haitian Vetiver Oil market are Fleurchem Inc, International Fragrance and Flavor Inc, Robertet Groupe, Lluch Essence SL, Ernesto Ventos SA, UniKode S.A, Floracopeia Inc, Frager S.A and Haiti Essential Oil Co. SA.
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Applications covered: Food and Beverages Perfume and Scent Products Pharmaceuticals Other Applications
Products covered: Organic Conventional
Regions Covered: North America
US
Canada
Mexico Europe
Germany
UK
France
Italy
Spain
Rest of Europe Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific South America
Argentina
Brazil
Chile
Rest of South America Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
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Essential Oil-Global Market Outlook (2017-2023)
Global Essential Oil Market is accounted for $5.91 billion in 2016 and is expected to reach $12.85 billion by 2023 growing at a CAGR of 11.7% during the forecast period. Increasing preference for natural products and rising disposable income are some of the key factors favouring the market growth. However, lack of awareness and high price of essential oils are hampering the market. Favourable government policies and increasing demand from developing nations provides ample of opportunities for the market growth.
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Essential oils (EOs) are special natural plant products with different biological properties. Essential oil represents a major group of agrobased industrial products and they have various types of applications such as food products, drinks, perfumes, pharmaceuticals and cosmetics.
Orange essential oil has a rich, citrus aroma that calms and relaxes the body and uplifts the mind. This oil may also support normal cellular function. Orange essential oil covers the naturally occurring constituent limonene, and is a wonderful addition to improve the flavor of many foods and drinks.
Europe is anticipated to account for the biggest market share attribute to the huge demand for food & beverages and natural personal care products in the region. Asia Pacific is expected to grow at the highest CAGR during the forecast period due to the growing awareness about essential oils.
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Some of the key players in Essential Oil market include Symrise, Givaudan SA, Koninklijke DSM N.V., Cargill, International Flavors & Fragrances Inc., Young Living Essential Oils, E. I. Du Pont De Nemours and Company, The Lebermuth Company, Inc., D?terra International LLC., Mane, Rocky Mountain Oils LLC., Firmenich Sam, Frutarom Industries Ltd., Robertet SA and Sensient Technologies Corporation.
Applications Covered:
Cleaning & Home
Food & Beverages
Spa & Relaxation
Medical
Aromatherapy
Other Applications
Products Covered:
Lemon
Eucalyptus
Clover Leaf
Corn mint
Spearmint
Peppermint
Orange
Lime
Citronella
Other Products
Method of Extractions Covered:
Cold Press Extraction
Distillation
Solvent Extraction
Carbon Dioxide Extraction
Other Extraction Methods
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