Mint Essential Oils Market
PUBLISHED: 2024 ID: SMRC25991
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Mint Essential Oils Market

Mint Essential Oils Market Forecasts to 2030 - Global Analysis By Product (Peppermint Essential Oil, Spearmint Essential Oil, Cornmint Essential Oil, Bergamot Mint Essential Oil, Pennyroyal Essential Oil, Lavender Mint Essential Oil and Other Products), Distribution Channel, Application, End User and By Geography

4.1 (26 reviews)
4.1 (26 reviews)
Published: 2024 ID: SMRC25991

This report covers the impact of COVID-19 on this global market
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Years Covered

2021-2030

Estimated Year Value (2023)

US $234.75 MN

Projected Year Value (2030)

US $486.82 MN

CAGR (2023 - 2030)

10.8%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

Europe


According to Stratistics MRC, the Global Mint Essential Oils Market is accounted for $234.75 million in 2023 and is expected to reach $486.82 million by 2030 growing at a CAGR of 10.8% during the forecast period. Mint essential oil is derived from the leaves of various mint plants, such as peppermint and spearmint, through a steam distillation process. Renowned for its refreshing aroma and therapeutic properties, it's commonly used in aromatherapy to invigorate the mind, relieve stress, and alleviate respiratory issues. Its cooling sensation makes it popular in topical applications for soothing muscle pain and headaches. Additionally, mint oil is utilized in natural cleaning products for its antibacterial properties. When diluted properly, it can be ingested for digestive support.

According to the International Federation of Aromatherapists, respiratory oils, such as peppermint, are used by 5.6 million aged 65 and older and roughly 200,000 under 65 suffering from respiratory passage blockage. 

Market Dynamics: 

Driver: 

Rising awareness of aromatherapy

Aromatherapy's therapeutic benefits, including stress relief, mood enhancement, and relaxation, have gained widespread recognition among consumers seeking natural wellness solutions. Mint essential oils, renowned for their refreshing and invigorating properties, are increasingly incorporated into aromatherapy practices. This growing appreciation for the holistic benefits of mint essential oils fuels market expansion, stimulating innovation in product formulations and applications to cater to the evolving needs of health-conscious consumers globally.

Restraint:

Seasonal and geographical constraints

Mint cultivation is highly dependent on specific climatic conditions, limiting production to certain regions and seasons. Unfavourable weather patterns, such as excessive rainfall or drought, can disrupt mint cultivation, leading to supply shortages and price fluctuations. Additionally, geographical constraints restrict access to fresh mint sources in some regions, increasing transportation costs and hindering market growth.

Opportunity:

Growth in cosmetic and personal care products

Mint essential oils, renowned for their refreshing and soothing properties, are increasingly incorporated into skincare, haircare, and oral care formulations. Consumers are drawn to mint's cooling sensation, antimicrobial properties, and pleasant aroma, driving product innovation and market expansion. Moreover, mint essential oils are perceived as safer alternatives to synthetic fragrances and additives, aligning with the growing trend towards clean beauty and natural skincare solutions, thereby fueling further growth in the market.

Threat:

Competition from synthetic alternatives

Synthetic fragrances and additives often offer cost advantages and consistent quality, making them appealing to manufacturers. Additionally, synthetic alternatives can mimic the aroma and properties of natural mint essential oils, further challenging market penetration. Additionally, consumer perception, influenced by marketing strategies and misconceptions regarding natural versus synthetic ingredients, further complicates market dynamics.

Covid-19 Impact

The covid-19 pandemic significantly impacted the mint essential oils market, causing disruptions in both supply and demand. Lockdown measures and restrictions on movement led to logistical challenges, hindering the production and distribution of mint essential oils. Additionally, decreased consumer spending and shifting priorities towards essential items impacted demand for luxury goods like aromatherapy products. Despite initial setbacks, the market showed resilience with a growing interest in natural remedies and aromatherapy, fostering a gradual recovery as consumers sought products promoting health and wellness amidst the pandemic's uncertainties.

The peppermint essential oil segment is expected to be the largest during the forecast period

The peppermint essential oil segment is estimated to have a lucrative growth. Peppermint essential oil is derived from the peppermint plant, a hybrid of water mint and spearmint. It is renowned for its invigorating scent and various therapeutic properties. The oil contains menthol, which provides a cooling sensation and helps alleviate headaches, muscle pain, and digestive issues when applied topically or inhaled. Its antimicrobial properties make it useful for freshening breath and promoting oral hygiene.

The aromatic agent segment is expected to have the highest CAGR during the forecast period

The aromatic agent segment is anticipated to witness the highest CAGR growth during the forecast period, due to its refreshing and invigorating scent. Derived from the leaves of various mint plants, such as peppermint and spearmint, it possesses a potent aroma that uplifts the senses and promotes mental clarity. In aromatic applications, mint essential oil is commonly utilized in diffusers, room sprays, and inhalers to purify the air, alleviate stress, and enhance focus. Its cooling properties also make it a favoured choice for relieving headaches and soothing respiratory discomfort. Overall, mint essential oil serves as a versatile and revitalizing addition to aromatherapy practices.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to increasing consumer demand for natural products and growing awareness of aromatherapy benefits. Countries like China, India, and Japan are driving market expansion with their large populations and rising disposable incomes. Mint essential oils are extensively used in personal care, healthcare, and food and beverage industries, further boosting market growth. Additionally, the region's rich biodiversity and favourable climate for mint cultivation contribute to a steady supply chain, fostering market development and innovation in product offerings.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to rising consumer preference for natural and organic products. The region's stringent regulations on synthetic additives in personal care and food products also drive the demand for mint essential oils. Countries like France, Germany, and the UK are key contributors to market expansion, with a growing inclination towards aromatherapy and wellness trends. Moreover, increasing awareness regarding the health benefits of mint essential oils in treating respiratory ailments and promoting relaxation further fuels market growth, fostering innovation and product diversification.

Key players in the market

Some of the key players profiled in the Mint Essential Oils Market include Young Living Essential Oils, doTERRA International, ACTIZEET, NOW Foods, Zed Black, Aura Cacia, Eden Botanicals, Rocky Mountain Oils, Nature's Truth, Majestic Pure, ArtNaturals, Gya Labs, Healing Solutions, Radha Beauty, Plant Guru, Plant Therapy and Mountain Rose Herbs.

Key Developments:

In August 2023, Zed Black introduced Orva Naturals, a fresh lineup of pure essential oils, comprising six distinct variants, one of which is peppermint oil. This expansion signifies Zed Black's commitment to offering natural and high-quality products to consumers. The inclusion of peppermint oil underscores its popularity and versatile applications in aromatherapy, personal care, and wellness.

In June 2023, ACTIZEET has introduced a groundbreaking range of Pure Essential Oils in India. This new collection offers a diverse array of options to cater to the varied needs and preferences of consumers. The line-up includes offerings such as calming lavender, invigorating eucalyptus, revitalizing peppermint, and soothing rose.

Products Covered:
• Peppermint Essential Oil
• Spearmint Essential Oil
• Cornmint Essential Oil
• Bergamot Mint Essential Oil
• Pennyroyal Essential Oil
• Lavender Mint Essential Oil
• Other Products

Distribution Channels Covered:
• Direct Sales
• Retail Stores
• Online Retailers
• Wholesalers & Distributors
• Other Distribution Channels

Applications Covered:
• Flavoring Agent
• Aromatic Agent
• Therapeutic Agent
• Insect Repellent
• Antimicrobial Agent
• Digestive Aid
• Other Applications

End Users Covered:
• Food & Beverage Industry
• Pharmaceuticals & Nutraceuticals
• Personal Care & Cosmetics Industry
• Aromatherapy & Spa Industry
• Household Cleaning Products
• Fragrance & Perfume Industry
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary   
     
2 Preface    
 2.1 Abstract   
 2.2 Stake Holders  
 2.3 Research Scope  
 2.4 Research Methodology 
  2.4.1 Data Mining 
  2.4.2 Data Analysis 
  2.4.3 Data Validation 
  2.4.4 Research Approach 
 2.5 Research Sources  
  2.5.1 Primary Research Sources
  2.5.2 Secondary Research Sources
  2.5.3 Assumptions 
     
3 Market Trend Analysis  
 3.1 Introduction  
 3.2 Drivers   
 3.3 Restraints  
 3.4 Opportunities  
 3.5 Threats   
 3.6 Product Analysis  
 3.7 Application Analysis 
 3.8 End User Analysis  
 3.9 Emerging Markets  
 3.10 Impact of Covid-19  
     
4 Porters Five Force Analysis  
 4.1 Bargaining power of suppliers 
 4.2 Bargaining power of buyers 
 4.3 Threat of substitutes 
 4.4 Threat of new entrants 
 4.5 Competitive rivalry  
     
5 Global Mint Essential Oils Market, By Product
 5.1 Introduction  
 5.2 Peppermint Essential Oil 
 5.3 Spearmint Essential Oil 
 5.4 Cornmint Essential Oil 
 5.5 Bergamot Mint Essential Oil 
 5.6 Pennyroyal Essential Oil 
 5.7 Lavender Mint Essential Oil 
 5.8 Other Products  
     
6 Global Mint Essential Oils Market, By Distribution Channel
 6.1 Introduction  
 6.2 Direct Sales  
 6.3 Retail Stores  
 6.4 Online Retailers  
 6.5 Wholesalers & Distributors 
 6.6 Other Distribution Channels 
     
7 Global Mint Essential Oils Market, By Application
 7.1 Introduction  
 7.2 Flavoring Agent  
 7.3 Aromatic Agent  
 7.4 Therapeutic Agent  
 7.5 Insect Repellent  
 7.6 Antimicrobial Agent 
 7.7 Digestive Aid  
 7.8 Other Applications  
     
8 Global Mint Essential Oils Market, By End User
 8.1 Introduction  
 8.2 Food & Beverage Industry 
 8.3 Pharmaceuticals & Nutraceuticals
 8.4 Personal Care & Cosmetics Industry
 8.5 Aromatherapy & Spa Industry 
 8.6 Household Cleaning Products 
 8.7 Fragrance & Perfume Industry 
 8.8 Other End Users  
     
9 Global Mint Essential Oils Market, By Geography
 9.1 Introduction  
 9.2 North America  
  9.2.1 US  
  9.2.2 Canada  
  9.2.3 Mexico  
 9.3 Europe   
  9.3.1 Germany  
  9.3.2 UK  
  9.3.3 Italy  
  9.3.4 France  
  9.3.5 Spain  
  9.3.6 Rest of Europe 
 9.4 Asia Pacific  
  9.4.1 Japan  
  9.4.2 China  
  9.4.3 India  
  9.4.4 Australia  
  9.4.5 New Zealand 
  9.4.6 South Korea 
  9.4.7 Rest of Asia Pacific 
 9.5 South America  
  9.5.1 Argentina 
  9.5.2 Brazil  
  9.5.3 Chile  
  9.5.4 Rest of South America
 9.6 Middle East & Africa 
  9.6.1 Saudi Arabia 
  9.6.2 UAE  
  9.6.3 Qatar  
  9.6.4 South Africa 
  9.6.5 Rest of Middle East & Africa
     
10 Key Developments   
 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
 10.2 Acquisitions & Mergers 
 10.3 New Product Launch 
 10.4 Expansions  
 10.5 Other Key Strategies 
     
11 Company Profiling   
 11.1 Young Living Essential Oils 
 11.2 doTERRA International 
 11.3 ACTIZEET   
 11.4 NOW Foods  
 11.5 Zed Black   
 11.6 Aura Cacia  
 11.7 Eden Botanicals  
 11.8 Rocky Mountain Oils 
 11.9 Nature's Truth  
 11.10 Majestic Pure  
 11.11 ArtNaturals  
 11.12 Gya Labs   
 11.13 Healing Solutions  
 11.14 Radha Beauty  
 11.15 Plant Guru  
 11.16 Plant Therapy  
 11.17 Mountain Rose Herbs 
     
List of Tables    
1 Global Mint Essential Oils Market Outlook, By Region (2021-2030) ($MN)
2 Global Mint Essential Oils Market Outlook, By Product (2021-2030) ($MN)
3 Global Mint Essential Oils Market Outlook, By Peppermint Essential Oil (2021-2030) ($MN)
4 Global Mint Essential Oils Market Outlook, By Spearmint Essential Oil (2021-2030) ($MN)
5 Global Mint Essential Oils Market Outlook, By Cornmint Essential Oil (2021-2030) ($MN)
6 Global Mint Essential Oils Market Outlook, By Bergamot Mint Essential Oil (2021-2030) ($MN)
7 Global Mint Essential Oils Market Outlook, By Pennyroyal Essential Oil (2021-2030) ($MN)
8 Global Mint Essential Oils Market Outlook, By Lavender Mint Essential Oil (2021-2030) ($MN)
9 Global Mint Essential Oils Market Outlook, By Other Products (2021-2030) ($MN)
10 Global Mint Essential Oils Market Outlook, By Distribution Channel (2021-2030) ($MN)
11 Global Mint Essential Oils Market Outlook, By Direct Sales (2021-2030) ($MN)
12 Global Mint Essential Oils Market Outlook, By Retail Stores (2021-2030) ($MN)
13 Global Mint Essential Oils Market Outlook, By Online Retailers (2021-2030) ($MN)
14 Global Mint Essential Oils Market Outlook, By Wholesalers & Distributors (2021-2030) ($MN)
15 Global Mint Essential Oils Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
16 Global Mint Essential Oils Market Outlook, By Application (2021-2030) ($MN)
17 Global Mint Essential Oils Market Outlook, By Flavoring Agent (2021-2030) ($MN)
18 Global Mint Essential Oils Market Outlook, By Aromatic Agent (2021-2030) ($MN)
19 Global Mint Essential Oils Market Outlook, By Therapeutic Agent (2021-2030) ($MN)
20 Global Mint Essential Oils Market Outlook, By Insect Repellent (2021-2030) ($MN)
21 Global Mint Essential Oils Market Outlook, By Antimicrobial Agent (2021-2030) ($MN)
22 Global Mint Essential Oils Market Outlook, By Digestive Aid (2021-2030) ($MN)
23 Global Mint Essential Oils Market Outlook, By Other Applications (2021-2030) ($MN)
24 Global Mint Essential Oils Market Outlook, By End User (2021-2030) ($MN)
25 Global Mint Essential Oils Market Outlook, By Food & Beverage Industry (2021-2030) ($MN)
26 Global Mint Essential Oils Market Outlook, By Pharmaceuticals & Nutraceuticals (2021-2030) ($MN)
27 Global Mint Essential Oils Market Outlook, By Personal Care & Cosmetics Industry (2021-2030) ($MN)
28 Global Mint Essential Oils Market Outlook, By Aromatherapy & Spa Industry (2021-2030) ($MN)
29 Global Mint Essential Oils Market Outlook, By Household Cleaning Products (2021-2030) ($MN)
30 Global Mint Essential Oils Market Outlook, By Fragrance & Perfume Industry (2021-2030) ($MN)
31 Global Mint Essential Oils Market Outlook, By Other End Users (2021-2030) ($MN)
     
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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