Product Code: ETC385231 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The Sri Lankan vetiver oil market centers around the production and export of vetiver essential oil, known for its aromatic and therapeutic properties. Vetiver oil is used in perfumery, cosmetics, and aromatherapy industries globally. Sri Lanka tropical climate and favorable soil conditions contribute to the cultivation of high-quality vetiver, driving the country`s position in the global market.
Growth is propelled by fragrance and aromatherapy industry demand, sustainability trends in essential oil production, and therapeutic properties of vetiver oil. Vetiver oil offers aromatic and skincare benefits, supporting market adoption in cosmetics and wellness products.
The Vetiver Oil market in Sri Lanka faces challenges related to high costs of raw materials and the need for reliable performance in various applications. Ensuring compliance with health and safety regulations is a significant concern. The market deals with competition from traditional oil products, impacting its growth.
The vetiver oil market is shaped by policies promoting agricultural development and sustainable practices. Government initiatives supporting the cultivation and processing of vetiver for various applications, including essential oils, are crucial. Regulations on product quality standards and environmental sustainability also play a significant role.