The global vetiver oil market is expected to reach USD 169.5 million by 2022, according to a new report by Grand View Research, Inc. The market is expected to witness significant growth over the forecast period on account of its profound usage in applications including fragrance, pharmaceutical, and food & beverage. Growing use of the oil in fragrance industry on account of its unique odor is expected to propel demand over the forecast period. The product has widespread usage in various applications including perfumes, deodorants, cosmetics, lotions as well as soaps. In addition, the compound has extensive usage in the aromatherapy applications owing to its smooth & light fragrance, thus promoting its growth over the next seven years.
http://www.grandviewresearch.com/industry-analysis/vetiver-oil-market
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