Expanding fragrance industry is uplifting the growth of the 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 fragranc...