Are European Regulations Boosting Sustainable Vetiver Oil Usage?
The Vetiver Oil Market , a significant segment within the essential oils industry, is experiencing robust expansion, with its global valuation estimated at USD 18.53 billion in 2024 and projected to reach USD 28.9 billion by 2034, demonstrating a Compound Annual Growth Rate (CAGR) of 4.54%. This strong growth trajectory is largely propelled by the increasing consumer preference for natural and organic products across diverse industries, particularly in the United States and European markets. Vetiver oil, extracted from the aromatic roots of the Vetiveria zizanioides plant, is highly valued for its distinctive earthy, woody aroma and a wide array of therapeutic properties. The rising trend of holistic wellness and self-care has significantly boosted the demand for plant-based ingredients, positioning vetiver oil as a sought-after component in high-end perfumery, cosmetics, aromatherapy, and traditional medicine. Its natural antioxidant, antimicrobial, and calming effects contribute to...