Product Code: ETC385224 | Publication Date: Aug 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India vetiver oil market import shipments demonstrated a steady expansion over the 2020-2024 period with a notable CAGR of 7.8%. The growth rate accelerated between 2023 and 2024, showing a significant increase of 20.5%. The market exhibited strong momentum, indicating a robust upward trend during the period.
The vetiver oil market size was valued at $73 million as of 2025 with an anticipated compound annual growth rate (CAGR) of 5.5%. This essential oil has been traditionally used for its medicinal properties such as antifungal activities against dermatophytes (fungi responsible for skin infections). Growing applications such as aromatherapy products have further fueled demand from end-user industries including cosmetics & personal care products manufacturing companies which are likely to propel expansion within this industry landscape over the coming years. Additionally, India continues to emerge as one of leading manufacturer globally owing to high acreage under cultivation along with the favorable climatic condition that supports fast-paced crop yield thereby providing fresh raw materials required for the extraction process thus driving business outlook over the foreseeable future.
The rising popularity of aromatherapy and natural fragrances has driven the demand for vetiver oil, which possesses therapeutic and aromatic properties.Consumers are increasingly seeking eco-friendly and natural products, and vetiver oil`s biodegradability and sustainability have positioned it favorably in the market.Vetiver oil is widely used in skincare and cosmetic products due to its skin-friendly properties, contributing to its demand in the personal care industry. Government initiatives to promote agro-based industries and essential oil production have provided a conducive environment for the growth of the vetiver oil market.
India vetiver oil market faces several challenges faced by the industry. Vetiver oil production heavily relies on manual labor for planting, harvesting, and processing the roots. A shortage of skilled labor and the rising cost of labor have impacted the profitability of vetiver oil extraction. Additionally, the volatile weather patterns and changing climatic conditions have affected the growth and yield of vetiver grass, further affecting the oil`s supply and prices.
The COVID-19 pandemic had a mixed impact on the vetiver oil market in India. With the closure of industries and restrictions on international trade, there were challenges in the production, processing, and export of vetiver oil. Disruptions in the supply chain and labor shortages also affected the market negatively. However, there was a growing trend of consumers turning to natural and traditional remedies for health and well-being during the pandemic. This trend bolstered the demand for vetiver oil, which is known for its medicinal and aromatic properties. The market saw a surge in demand from the pharmaceutical and cosmetics sectors as well. Despite the challenges, the increased interest in natural products and the revival of traditional practices contributed to the resilience of the vetiver oil market in India.
In the India vetiver oil market, certain key players have established a strong presence, contributing to the production and distribution of this valuable essential oil. Companies like Vanaroma, Aromatic & Allied Chemicals, and Rajkeerth Aromatics & Biotech Pvt. Ltd. have been prominent in cultivating vetiver grass and extracting vetiver oil, catering to both domestic and international demands for this versatile and sought-after natural ingredient.