As per this study the Global Peppermint Oils Market was valued USD XX MN (by revenue) in 2019 and is anticipated to reach USD XX MN by 2026 with a CAGR of XX%.
Peppermint oil is derived from the peppermint plant. It has antiviral, antimicrobial, antifungal, analgesic, radio protective, anti-edema and antioxidant capabilities. It is commonly used as a flavoring agent in food and beverages and for fragrance in soaps and cosmetics. As well as useful in various health conditions such as IBS (Irritable Bowel Syndrome), stress, and sore nipples caused due to breastfeeding. It is also, taken orally in dietary supplements or topically as a skin cream or ointment.
The increasing consumer awareness regarding the use of safe natural and organic products is driving the market growth. The rising demand for aromatherapy along with increasing awareness about personal care is again accelerating the market growth. Along with this, rising demand for oral and confectionary products is further fuelling the market growth. On the other hand, side-effects such as skin rashes, nausea and unconsciousness upon usage of peppermint oil may hamper the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of peppermint oils.
The broad peppermint oils market has been sub-grouped into application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Oral Products
- Oral Spray
- Confectionary Products
- Chewing Gum
- Cough and Throat Lozenges
- Pharmaceutical Products
- Analgesic Balms
- Rubbing Alcohol
- Medicated Oils
- Tobacco Products
- Chewing Tobacco
- Fragrance Products
- Bathing Oil
- Aftershave Lotions
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for peppermint oils in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Peppermint Oils Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the peppermint oils market includes AOS Products Private Limited, Aromatic And Allied Chemicals, Arora Aromatics Pvt. Ltd., Bhagat Aromatics Limited, De Monchy Aromatics, Elixarome Limited, Essex Laboratories LLC, Foodchem International Corporation, Hindustan Mint & Agro Products Pvt. Ltd., Paras Perfumers, Shanti Chemicals, The Lebermuth Company, Inc. and Vinayak Ingredients (INDIA) Pvt., Ltd.. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.