Global Peppermint Oils Market Size, Share, Trends, & Growth Forecast Report - Segmented By Application (Oral Products, Confectionary Products, Pharmaceutical Products, Tobacco Products, Fragrance Products), and Region (North America, Europe, Asia Pacific, Latin America, Middle east and Africa) – Industry Analysis (2024 to 2032)

Updated On: June, 2024
ID: 6585
Pages: 175

Global Peppermint Oils Market Size (2024 to 2032)

The Global Peppermint Oils market is predicted to reach USD 304.58 million in 2024 and USD 511.70 million by 2032, growing at a CAGR of 6.7% during the forecast period.

MARKET OVERVIEW

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 the main ingredient in mouthwashes. They are used as a flavoring agent in the food and beverage sector. It also helps in aromatherapy causing the relaxation of the body. An increase in the demand for aromatherapy treatments is expected to drive the growth of the 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 the production of peppermint oil is expected to hamper the growth of the global peppermint oil market during the forecast period.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2023 to 2032

Base Year

2023

Forecast Period

2024 to 2032

CAGR

6.7%

Segments Covered

By Application, and Region

Various Analyses Covered

Global, Regional and Country Level Analysis; Segment-Level Analysis; DROC; PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

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

 

DETAILED SEGMENTATION OF THE GLOBAL PEPPERMINT OILS MARKET INCLUDED IN THIS REPORT

This research report on the global peppermint oils market has been segmented and sub-segmented based on application, and region.

Global Peppermint Oils Market By application

  • oral products
  • confectionary products
  • pharmaceutical products
  • tobacco products
  • 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 a cigarette and chewing tobacco. Fragrance products are further classified into soap, shampoo, bathing oil and aftershave lotion.

Global Peppermint Oils Market By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

The Peppermint Oils market was dominated by North America and Europe. Asia Pacific region is expected to register a high CAGR. Latin America is also expected to grow at a steady rate.

KEY PLAYERS IN THE GLOBAL PEPPERMINT OILS MARKET

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 are some of the notable companies in the global Peppermint Oils market.

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