Peppermint Oils Market

Peppermint Oils Market Size, Share, Growth (2022-2027)

Peppermint Oils Market was worth USD xx billion in 2021 and is estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2027

Peppermint Oils 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.

Peppermint Oils Market Segmentation

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.

Peppermint Oils Market Regional Analysis

• North America

• Europe

• Asia-Pacific

• Rest of the World

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.

Peppermint Oils Market Key players

1. The Lebermuth Company, Inc. 

2. Essex Laboratories LLC

3. Vinayak Ingredients (INDIA) Pvt., Ltd. 

4. Elixarome Limited 

5. AOS Products Private Limited 

6. De Monchy Aromatics 

7. Hindustan Mint & Agro Products Pvt. Ltd. 

8. Arora Aromatics Pvt. Ltd. 

9. Foodchem International Corporation 

10. Bhagat Aromatics Limited 

11. Shanti Chemicals 

12. Aromatic And Allied Chemicals 

13. Paras Perfumers