India Vetiver Oil Market (2025-2031) Outlook | Companies, Trends, Size, Share, Growth, Forecast, Analysis, Industry, Revenue & Value

Market Forecast By Application (Medical, Food & Beverage, Spa & Relaxation) And Competitive Landscape
Product Code: ETC385224 Publication Date: Aug 2022 Updated Date: Oct 2025 Product Type: Market Research Report
Publisher: 6Wresearch No. of Pages: 75 No. of Figures: 35 No. of Tables: 20

India Vetiver Oil Market Top 5 Importing Countries and Market Competition (HHI) Analysis

India`s vetiver oil import market saw significant growth in 2024, with top exporting countries including Madagascar, Metropolitan France, USA, Indonesia, and Paraguay. The Herfindahl-Hirschman Index (HHI) indicated a shift from moderate to high concentration, reflecting the increasing dominance of key suppliers. The compound annual growth rate (CAGR) from 2020 to 2024 stood at a healthy 3.62%, with a notable growth rate of 10.71% from 2023 to 2024, showcasing a strong upward trajectory in demand for vetiver oil in the Indian market.

India Vetiver Oil Market Synopsis

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.

Market Drivers of the market

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.

Challenges of the 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.

Covid-19 Impact on the Market

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.

Key Players of the Market

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.

Key Highlights of the Report:

  • India Vetiver Oil Market Outlook
  • Market Size of India Vetiver Oil Market, 2024
  • Forecast of India Vetiver Oil Market, 2031
  • Historical Data and Forecast of India Vetiver Oil Revenues & Volume for the Period 2021-2031
  • India Vetiver Oil Market Trend Evolution
  • India Vetiver Oil Market Drivers and Challenges
  • India Vetiver Oil Price Trends
  • India Vetiver Oil Porter's Five Forces
  • India Vetiver Oil Industry Life Cycle
  • Historical Data and Forecast of India Vetiver Oil Market Revenues & Volume By Application for the Period 2021-2031
  • Historical Data and Forecast of India Vetiver Oil Market Revenues & Volume By Medical for the Period 2021-2031
  • Historical Data and Forecast of India Vetiver Oil Market Revenues & Volume By Food & Beverage for the Period 2021-2031
  • Historical Data and Forecast of India Vetiver Oil Market Revenues & Volume By Spa & Relaxation for the Period 2021-2031
  • India Vetiver Oil Import Export Trade Statistics
  • Market Opportunity Assessment By Application
  • India Vetiver Oil Top Companies Market Share
  • India Vetiver Oil Competitive Benchmarking By Technical and Operational Parameters
  • India Vetiver Oil Company Profiles
  • India Vetiver Oil Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the India Vetiver Oil Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the India Vetiver Oil Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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