Global Vetiver Oils Market to Reach 1 Thousand Tons by 2030
The global market for Vetiver Oils estimated at 619 Tons in the year 2023, is expected to reach 1 Thousand Tons by 2030, growing at a CAGR of 7.5% over the analysis period 2023-2030. Spa & Relaxation Application, one of the segments analyzed in the report, is expected to record a 7.2% CAGR and reach 832.3 Tons by the end of the analysis period. Growth in the Cleaning & Home Application segment is estimated at 8.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at 163.4 Tons, While China is Forecast to Grow at 11.1% CAGR
The Vetiver Oils market in the U.S. is estimated at 163.4 Tons in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of 247.2 Tons by the year 2030 trailing a CAGR of 11.1% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.1% and 6.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 149.4 Tons by the year 2030.
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