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.
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.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2032 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2032 |
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CAGR |
6.7% |
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Segments Covered |
By Application, and Region |
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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 |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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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 |
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.
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.
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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