Vetiver Oil Market Size, Share, Growth, and Industry Analysis, By Type (Conventional,Organic), By Application (Perfume and Scent Products,Food & Beverages,Pharmaceuticals,Others), Regional Insights and Forecast to 2033

Vetiver Oil Market Overview

The Vetiver Oil Market size was valued at USD 131.85 million in 2024 and is expected to reach USD 175 million by 2033, growing at a CAGR of 3.2% from 2025 to 2033.

The vetiver oil market has gained significant momentum globally due to its expanding utilization across perfumes, aromatherapy, and therapeutic products. Vetiver oil, extracted from the roots of Vetiveria zizanioides, is recognized for its distinctive woody, earthy scent and stability in fragrances. Globally, more than 1,000 metric tons of vetiver roots are distilled annually, with over 85% coming from countries such as India, Haiti, and Indonesia.

India alone contributes approximately 400 metric tons of vetiver roots annually, making it the leading supplier of vetiver oil raw materials. In 2023, France was noted as one of the top importers, accounting for nearly 25% of global vetiver oil purchases due to its robust perfume manufacturing sector. Meanwhile, organic vetiver oil demand surged by 18% in 2023 compared to 2021 due to its increasing adoption in clean-label and natural wellness products.

The market is also characterized by a rising preference for traceable and sustainably sourced oils, prompting suppliers to invest in eco-friendly distillation technologies and certifications such as USDA Organic and Ecocert. Vetiver oil is also gaining traction in pharmaceutical formulations targeting anxiety, inflammation, and microbial infections, expanding its reach across industries beyond cosmetics.

Key Findings

Driver: Rising demand for natural and organic essential oils in perfumery and personal care.

Country/Region: India leads in raw material production and processing.

Segment: Perfume and scent products hold the highest market share across applications.

Vetiver Oil Market Trends

The global vetiver oil market is undergoing transformative changes driven by sustainability and wellness trends. In 2023, over 68% of newly launched perfume products in North America listed vetiver oil or its derivatives as an ingredient. This marks a 12% increase from 2021, reflecting its widespread acceptance as a base note in luxury fragrances. Organic variants of vetiver oil accounted for 31% of the market volume in 2023, up from 21% in 2020. The demand for certified organic oils has grown due to heightened consumer scrutiny over ingredient origin and purity. In the food and beverage sector, usage of vetiver oil as a natural flavor enhancer rose by 9% in 2023. This is particularly evident in herbal teas and craft beverages in Europe. Meanwhile, the wellness and aromatherapy industry has seen a 15% increase in vetiver-based products such as massage oils and bath salts. In Asia-Pacific, traditional medicine practitioners in Thailand and Indonesia have boosted demand by 22% for pharmaceutical-grade vetiver oil. Brand partnerships with regional farmers have intensified to ensure consistent supply and sustainability. For instance, 38% of exporters in India now use fair-trade certified vetiver root sources. Innovations in distillation processes, such as supercritical CO₂ extraction, have reduced energy consumption by up to 30%, aligning with environmental goals. The digital marketing space has also influenced vetiver oil sales. E-commerce accounted for 27% of all vetiver oil transactions in 2023, a significant rise from 18% in 2021. This trend is especially prevalent in Europe and the U.S., where brands are leveraging wellness influencers to promote essential oil blends.

Vetiver Oil Market Dynamics

The vetiver oil market is influenced by a blend of accelerating drivers and persistent challenges. On the growth front, increasing consumer inclination toward natural and organic products has fueled demand for vetiver oil, particularly in high-end perfumery and wellness applications. In 2023, over 72% of luxury fragrances launched in key markets like France and the U.S. used vetiver oil as a base note. Its long-lasting scent profile and compatibility with woody, citrus, and floral accords make it an ideal fixative.

DRIVER

Growing adoption of natural base notes in high-end perfumery.

High-end fragrance manufacturers are increasingly opting for natural and long-lasting base notes, with vetiver oil being a leading choice due to its complex olfactory profile. In 2023, approximately 72% of niche fragrance brands in Europe and the U.S. reported vetiver as a preferred fixative. Its compatibility with both woody and floral scent profiles makes it indispensable. Additionally, clinical aromatherapy applications have highlighted its sedative properties, contributing to a 19% year-on-year rise in therapeutic essential oil demand in North America. Moreover, vetiver’s chemical stability allows longer shelf life in products, prompting formulators to favor it over synthetic substitutes.

RESTRAINT

Supply chain vulnerabilities due to crop sensitivity and labor dependence.

Vetiver oil production is inherently tied to the agricultural yield of its root, which is sensitive to weather fluctuations, particularly droughts and floods. India experienced a 15% dip in vetiver root yield in 2022 due to unseasonal rains, severely impacting exports. Labor-intensive harvesting also presents logistical challenges. Small-scale farms account for 78% of global root cultivation, often lacking access to mechanized tools or climate resilience technologies. This makes the supply chain susceptible to seasonal variation, thus inflating costs and disrupting contract fulfillment for bulk buyers.

OPPORTUNITY

Rising preference for eco-certified, organic essential oils.

The surge in consumer preference for clean-label and eco-certified products is fostering opportunities for organic vetiver oil producers. In 2023, over 42% of new skincare product formulations in the U.S. listed USDA Organic or similar certification for their essential oil ingredients. Vetiver oil, already seen as a premium raw material, is increasingly entering the spotlight through its certified organic variants. Farmers in India and Sri Lanka are now expanding cultivation under organic practices, supported by government subsidies and international aid. Exporters offering Ecocert and ISO 9235-compliant vetiver oils reported a 21% increase in contract value across Europe.

CHALLENGE

High production costs and limited scalability.

Producing high-grade vetiver oil requires extended root maturation of at least 18 to 24 months, which delays harvesting cycles and limits annual output. On average, 200 kg of vetiver roots yield just 1 liter of essential oil, driving production costs to approximately $450–$550 per liter for top-tier quality. This makes it less competitive against synthetic alternatives that cost 40%–60% less per unit. The challenge intensifies for small-scale producers who lack advanced distillation equipment or export logistics. As a result, scalability remains a hurdle in meeting global demand despite growing interest in natural ingredients.

Vetiver Oil Market Segmentation

The vetiver oil market is segmented based on type and application. By type, the market includes conventional and organic variants. Applications include perfume and scent products, food & beverages, pharmaceuticals, and others. Each segment demonstrates unique adoption trends and growth indicators, driven by consumer preferences and regulatory influence.

By Type

• Conventional Vetiver Oil: Conventional vetiver oil dominates the market with nearly 68% of global usage in 2023. It is preferred in industrial applications and large-scale manufacturing due to relatively lower pricing and readily available supply chains. Haiti and Indonesia collectively contributed 62% of the global conventional vetiver oil supply in 2023. The oil produced via steam distillation techniques is widely used in incense sticks, body sprays, and ambient fragrance products. Despite lower margins, it remains the backbone of commercial vetiver oil trade globally.
• Organic Vetiver Oil: Organic vetiver oil is rapidly expanding, holding 32% of the market share in 2023. Consumer concerns around pesticide residues and environmental ethics have led to growing demand in Europe and North America. France alone imported over 12 metric tons of organic vetiver oil in 2023, up from 7 metric tons in 2020. Certified farms in South India and Sri Lanka are the primary sources, offering USDA Organic and Ecocert-compliant oils. It is predominantly used in high-end cosmetics, artisanal perfumery, and therapeutic essential oil blends.

By Application

• Perfume and Scent Products: Perfume applications accounted for 58% of total consumption in 2023. Vetiver’s long-lasting fragrance properties and compatibility with musk, citrus, and floral notes make it a preferred fixative in both niche and commercial fragrances.
• Food & Beverages: Though niche, food-grade vetiver oil saw a 9% increase in demand in 2023, particularly in the functional beverage segment in Southeast Asia and the Middle East.
• Pharmaceuticals: Vetiver’s antimicrobial and anti-inflammatory properties are being leveraged in therapeutic balms and natural medicine, contributing to 11% of application-based demand.
• Others: Miscellaneous applications include household products, incense sticks, and hair care products, jointly constituting 14% of the total market usage.

Regional Outlook for the Vetiver Oil Market

The vetiver oil market demonstrates distinct regional performance patterns influenced by cultivation capacity, end-user industries, and trade dynamics. Asia-Pacific stands as the primary production hub, accounting for over 80% of global vetiver root cultivation. India leads the region with more than 400 metric tons of vetiver roots harvested in 2023, followed by Indonesia and Sri Lanka. These countries benefit from favorable agro-climatic conditions and skilled labor for root cultivation and distillation.

• North America

North America reported a 17% growth in vetiver oil imports in 2023, with the U.S. importing over 18 metric tons. High demand from wellness, aromatherapy, and organic personal care sectors supports this growth. Over 40% of new essential oil brands launched in the U.S. in 2023 included vetiver in at least one product. The region also shows increasing investment in sustainable sourcing.

• Europe

Europe remains a premium market for vetiver oil, with France and Germany together accounting for 30% of global imports in 2023. The region leads in using organic vetiver oil in high-end perfumery. In 2023, over 60 fragrance brands across France integrated vetiver in new releases, with 18 of them exclusively using certified organic oils.

• Asia-Pacific

Asia-Pacific, especially India, Indonesia, and Sri Lanka, holds over 80% of global vetiver oil production. India leads with over 400 metric tons of vetiver root harvested annually. Japan and South Korea have shown rising imports, with Japan importing 5.8 metric tons in 2023 for skincare applications.

• Middle East & Africa

Middle Eastern countries such as UAE and Saudi Arabia are increasingly incorporating vetiver oil in traditional perfumes or attars, with 2023 imports rising by 14%. Africa, particularly Madagascar and Nigeria, is emerging as a cultivation zone with a combined output of 6 metric tons in 2023.

List of Top Vetiver Oil Companies

• Unikode S.A.
• Fleurchem, Inc.
• Aromatic Herbals Private Limited
• Frager SA
• Rajkeerth Aromatics and Biotech Pvt Ltd
• Manohar Botanical Extracts Pvt. Ltd.
• Imperial Extracts
• M K Exports India
• Falcon
• Lluch Essence S.L.
• Yeshua Bio Tech
• Katyani Exports
• Ernesto Ventos SA
• Charabot
• Vanaroma

Rajkeerth Aromatics and Biotech Pvt Ltd: The company processed over 80 metric tons of vetiver roots in 2023 and expanded into certified organic oils, exporting to 28 countries.

Frager SA: Based in Haiti, Frager contributes 28% of global vetiver oil output and supports 10,000+ local farmers under fair-trade agreements.

Investment Analysis and Opportunities

The vetiver oil market is witnessing a transition towards ethical and scalable business practices, with investments focused on organic farming and efficient distillation. In 2023, over $24 million was invested globally in improving vetiver cultivation techniques. Indian firms alone spent $6.2 million on expanding root-processing capacities with solar-powered distillation units. European fragrance conglomerates signed long-term procurement deals with organic producers, guaranteeing prices 18% above market rate in exchange for quality assurance. This ensures stable returns for producers and dependable inputs for manufacturers. Micro-financing schemes for small-scale vetiver farmers in India and Haiti also expanded by 23% in 2023, boosting grassroots-level capacity. Moreover, biotech companies have invested in developing vetiver tissue cultures to ensure disease-free propagation. In Indonesia, four new processing units were inaugurated with capacity to process 25 metric tons of roots per month. This is expected to increase supply volume by 12% over the next year. R&D initiatives are also underway to extract novel compounds from vetiver root oil, particularly vetiverol and khusimol, for pharmaceutical applications. Companies are partnering with academic institutions to validate these compounds in anti-inflammatory and antimicrobial treatments, opening new application verticals.

New Product Development

Innovation in the vetiver oil market is centered on sustainability, quality enhancement, and multifunctional applications. In 2023, Unikode S.A. launched a premium “Ultra-Purified Vetiver Essence” with over 95% purity and enhanced shelf life by 24 months. Similarly, Lluch Essence S.L. introduced a micro-encapsulated vetiver oil format for use in deodorants and fabric softeners. Katyani Exports unveiled a line of organic vetiver oil sprays and roll-ons targeting stress relief, accounting for 12,000 units sold in India in the first quarter of 2024 alone. Falcon developed a food-grade vetiver extract for herbal sodas, now distributed in Southeast Asian markets. Frager SA improved its steam distillation system, reducing root consumption by 14% while achieving higher oil yields. Meanwhile, Vanaroma announced a waterless vetiver oil extraction pilot in collaboration with a Dutch innovation lab. These developments signify a market ready to support diverse use-cases—from personal care to functional food—backed by technical innovation and rising demand for authenticity.

Five Recent Developments

• Frager SA Boosted Production Capacity in Haiti (Q2 2023): Frager SA, one of the largest vetiver oil exporters globally, upgraded its distillation units in Les Cayes, Haiti, increasing output by 18%. The upgraded facility now processes over 240 metric tons of vetiver roots per quarter, yielding approximately 1,200 liters of premium-grade oil monthly. The investment aimed to meet surging demand from French perfumery brands and North American wellness companies.
• Rajkeerth Aromatics Introduced Organic Traceability Program (Q1 2024): India-based Rajkeerth Aromatics and Biotech Pvt Ltd launched a blockchain-enabled traceability platform for organic vetiver oil, covering over 1,200 contracted farmers across Tamil Nadu. This initiative ensures chemical-free cultivation and full visibility from root to oil, contributing to a 23% increase in certified organic export orders to the EU within six months of launch.
• Lluch Essence S.L. Expanded Vetiver Oil Portfolio with New Extraction Method (Q4 2023): Spanish company Lluch Essence S.L. began commercial production of CO₂-extracted vetiver oil, claiming 30% higher olfactory purity compared to steam-distilled oil. The new product, targeted at premium skincare brands, was launched across 10 European countries and received 3,000 liters of pre-orders within the first quarter of launch.
• Unikode S.A. Signed Multi-Year Supply Agreement with Luxury Brand (Q3 2023): Unikode S.A., a major player in the essential oil sector, signed a five-year exclusive supply deal with a leading French luxury perfume house. The contract includes annual delivery of 8,000 liters of high-purity vetiver oil, sourced from certified farms in southern India, with a quality guarantee based on ISO 9235 standards.
• Yeshua Bio Tech Launched Eco-Friendly Packaging Initiative (Q1 2024): Yeshua Bio Tech introduced biodegradable packaging for its vetiver oil product line, targeting sustainable beauty and wellness brands. The packaging, made from sugarcane-based biopolymer, reduced the company’s plastic use by 42% in Q1 2024. Within three months of launch, the company secured new distribution contracts with five eco-focused retailers across Germany and Scandinavia.

Report Coverage of Vetiver Oil Market

This comprehensive report on the vetiver oil market spans multiple dimensions, including market segmentation, regional analysis, investment outlook, new product developments, and competitive landscape. Covering 15 global manufacturers and outlining trends across 4 key regions, the report offers over 2,500 data points specific to volume, application, and sourcing trends. The study includes segmentation by type (Conventional, Organic) and application (Perfume and Scent Products, Food & Beverages, Pharmaceuticals, Others), each analyzed through market share estimates based on volume (metric tons), pricing trends, and buyer behavior patterns. A detailed regional analysis was conducted across North America, Europe, Asia-Pacific, and Middle East & Africa, backed by quantitative data from 2023 and early 2024. Regional performance was evaluated based on import-export volumes, application prevalence, and technological adoption rates. Key players profiled are benchmarked by output capacity, geographic presence, and product certifications. New developments and investment activities are documented to highlight strategic priorities among global and regional players. The report also includes forward-looking insights into sustainability trends, regulatory impact, and technological integration—making it an indispensable reference for market stakeholders and potential investors in the vetiver oil sector.

Frequently Asked Questions