Global Haitian Vetiver Oil Market to Surpass $31.0 Million by 2027

Nov 19th, 2020

Hannah Fink

The Hatian vetiver market was estimated to be valued more than $25.5 million in terms of revenue in 2019.

The Hatian vetiver market was estimated to be valued more than $25.5 million in terms of revenue in 2019.

The global Haitian vetiver oil market is set to surpass $31 million by 2027, according to a Coherent Market Insights market study.

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The market was estimated to be valued at more than $25.5 million in terms of revenue in 2019 and is predicted to grow at a CAGR of 1.5% during the forecast period, 2020-2027.

Growing demand for natural food ingredients as well as growing demand for convenience and package food products suggest overall, growth in the food industry is expected to augment the market growth over the forecast period.

The growing market of essential oil and rising awareness regarding the health benefits of essential oil is also expected to augment the market growth of the Haitian vetiver oil.

On the basis of product type, conventional dominated the global Haitian vetiver oil market in 2019 with around 67% of market share in terms of revenue, followed by organic, respectively.

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