Expanding fragrance industry is uplifting the growth of the Haitian vetiver oil market

 

Haitian Vetiver Oil Market

Europe is expected to dominate the global Haitian vetiver oil market and this is attributed to the high demand for cosmetic products in the region. According to Cosmetic Europe, the European cosmetics and personal care market is the largest in the world. It was valued at €79.8 billion at retail sales price in 2019. It was valued at €79.8 billion at a retail sales price in 2019. The largest national markets for cosmetics and personal care products within Europe are Germany (€14 billion), France (€11.4 billion), the UK (€10, 7 billion), Italy (€10.5 billion), Spain (€7.1 billion), and Poland (€4.1 billion

The growing demand for Haitian vetiver oil from the fragrance industry is driving the growth of the market. Vetiver oil is majorly used in the manufacturing of perfumes and scents owing to its cooling properties and it gets easily blend with perfumes. Moreover, it is also used as the main ingredient in all fragrances products especially men. Thus, the growing demand for fragrance products such as perfumes and scents is significantly augmenting the growth of the Haitian vetiver oil market. Growing demand for anti-aging creams due to the increasing middle-aged population coupled with the increasing popularity of various cosmetic products due to the growing working women population is also fostering the growth of the Haitian vetiver oil market.

Haitian vetiver oil is herbal oil that comes directly from the bark of the vetiver or more commonly known as the "petitgrain". The petitgrain is harvested and then processed and sold as a spice. For centuries the French have used the petitgrain to scent their households, and now many other countries are beginning to use it to scent their personal care products too. It is very rich in vitamins and minerals and a source of many of the essential fatty acids that we need to maintain healthy skin. One of the unique characteristics of Haitian vetiver oil and the oils from Haiti is that they have been found to be very high in vitamin E. This vitamin helps to regulate collagen and elastin production in your body to prevent aging. Many people suffer from wrinkles and fine lines because of the lack of collagen and elastin in their skin, which significantly reduces elasticity and reduces the elasticity of the skin.

Key Players:

1. International Flavor and fragrance

2. Ernesto Ventos, S.A.

3. Lluch Essence Sl

4. UniKode S.A.

5. Frager S.A.

6. Robertet Groupe

7. Floracopeia Inc.

8. Fleurchem Inc.

9. Haiti Essential Oil Co., SA


Location: India

Comments

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