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North America Peppermint Oils Market By Application (oral Products, Confectionary Products, Pharmaceutical Products, Tobacco Products And Fragrance Products) And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2022 to 2027

Published: March, 2023
ID: 6586
Pages: 145
Formats: report pdf report excel report power bi report ppt

North America Peppermint Oils Market Analysis:

North America Peppermint Oils Market was worth USD xx billion in 2018 and estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2026. Peppermint oil is extracted from the flowers and stem of the peppermint flower by the process of steam distillation. It’s widely used in medicines because of its therapeutic benefits. It can be used for headaches, muscle pain and digestion problems. It also has a cooling effect and is a main ingredient in mouthwashes. They are used as a flavouring agent in the food and beverage sector. It also helps in aromatherapy causing the relaxation of the body.

North America Peppermint Oils Market Demand

Increase in the demand for aromatherapy treatments is expected to drive the growth of peppermint oil market. With consumers slowly switching to natural and organic products, the market is expected to grow during the forecast period. Increasing disposable income and awareness of personal care has resulted in demand for oral care and confectionery products, which is a major driver for the growth of the market. There has been a rise in the demand for essential oils which in turn drives the growth of the peppermint market. However, the rise in cost and decline in production of peppermint oil is expected to hamper the growth of global peppermint oil market during the forecast period.

Market Drivers and Restraints:

The growing demand for aromatherapy treatments is expected to drive the growth of the North America Peppermint Oils Market. With consumers slowly turning to natural and organic products, the North America Peppermint Oils Market is expected to grow during the forecast period. Increasing disposable income and awareness of personal care have led to a demand for oral hygiene and confectionery products, which is a major driver of North America Peppermint Oils Market growth. There has been an increase in demand for essential oils which, in turn, is driving the growth of the mint market. However, rising costs and declining peppermint oil production are expected to hamper the growth of the North America Peppermint Oils Market during the forecast period. The cooling effect, the ability to kill the bacteria responsible for respiration, the harmful effects on the human body, and the interference with sleep are the factors hampering the growth of the North America Peppermint Oils Market.

North America Peppermint Oils Market Segmentation

The market for Peppermint Oils is broadly categorized into application.  By application the market is segmented into oral products, confectionary products, pharmaceutical products, tobacco products and fragrance products. Oral products are further divided into Mouthwash, toothpaste and oral spray. Confectionery products are further classified into candies, chewing gum and cough and throat lozenges. Pharmaceutical products are further segmented into analgesic balms, rubbing alcohol, drugs and medicated oils. Tobacco products are further classified into cigarette and chewing tobacco. Fragrance products are further classified into soap, shampoo, bathing oil and aftershave lotion.

Impact of COVID-19 on North America Peppermint Oils Market:

COVID 19 is deadly disease that disrupted the production and supply chain in various ways. The supply chain is completely disrupted during the lockdown period as there were complete restrictions on the movement. All the industries were halted according to the government guidelines. With the time period, all the activities resumed to high protocols that is projected to fuel the demand of the North America peppermint oils market. 

Regional Analysis:

The market for North America Peppermint Oils has been categorized on the basis of geography to offer a clear understanding of the market. North America Peppermint Oils Market has been divided into the United States, Canada, Mexico and rest of North America. The United States is the largest pharmaceutical industry in the world. It represents more than 45% of the world pharmaceutical industry. Many large global companies originate from the North American region, which provide the largest market share in the medical industry and biopharmaceutical research. The product is widely used in medicines to prevent various diseases such as heartburn and indigestion in the body.

Leading Company:

The Lebermuth Company had the largest share of the North America Peppermint Oils Market in terms of sales revenue in 2021

North America Peppermint Oils Market Key Players

Some of the major companies dominating the market, by their products and services include The Lebermuth Company, Inc. , Essex Laboratories LLC, Vinayak Ingredients (INDIA) Pvt., Ltd. , Elixarome Limited , AOS Products Private Limited , De Monchy Aromatics , Hindustan Mint & Agro Products Pvt. Ltd. , Arora Aromatics Pvt. Ltd. , Foodchem International Corporation , Bhagat Aromatics Limited , Shanti Chemicals , Aromatic And Allied Chemicals , Paras Perfumers

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