The global mint essential oil market demand is estimated to reach USD 330.02 million by 2025, registering a CAGR of 9.2% over the forecast period, according to a new report by Grand View Research, Inc. The product demand in anticipated to reach 66.38 kilotons by 2025. Rising demand for flavoring agents in a diversified range of end-use industries, such as food and beverage, pharmaceuticals, and personal care and cosmetics is expected to fuel the growth.
Growing
research and development pertaining to the beneficial applications of mint oils
coupled with the technological advancements in methods of extraction such as
steam distillation have resulted in a significant rise in mint oil production
for commercial applications. This factor is projected to fuel the growth of the
mint essential oil market over the forecast period.
The
varying amounts of menthol present in mint oils is known to have different
antimicrobial activity and beneficial properties. Additionally, menthol from
mint essential oil is used as a key flavor and fragrances ingredient in
personal care and cosmetics, medicines, and perfumes. Increasing demand for flavoring
agents in food and beverage is likely to propel the consumption of product in
food and beverage industry. Several overall health benefits related with
essential oils are projected to drive the demand for essential oils in
pharmaceutical and medical applications.
The
market has been expanding with emerging applications of mint essential oil in
insect repellants and cigarettes. They are increasingly being used in the
production of menthol flavored cigarettes. Also, cornmint oil, dementholized
oil, peppermint oil, and spearmint oil have been reported to showcase effective
repellency against mosquitoes and insects. This factor has increased their
application in natural insect/mosquito repellants. Further, cornmint essential
oil is the most preferred oil among the flavor & fragrances industries for
its minty flavor and extraction of menthol, while peppermint oil market is
expected to grow owing to the rising popularity of the oil amongst household
consumers as a food ingredient and aromatherapy
Increasing
consumer inclination toward natural and organic ingredient-based products is
expected to increase the demand for mint essential oil from consumer product
manufacturing industries at an exponential rate. Widespread urbanization
coupled with increasing social media influence has popularized natural plant
extract based healing treatments such as aromatherapy. Mint essential oil are
extensively used for stress relieving applications in aromatherapy. This is
likely to drive the growth of the mint essential oil market in the forthcoming
years.
Full Research Report On Mint Essential Oils Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/mint-essential-oils-market
Mint Essential Oil
Market Report Highlights
- In terms of
revenue, the consumption of cornmint oil through direct sales is poised to
grow at a CAGR of 8.1% in food & beverages
- Cornmint oil
emerged as the dominant product segment with a market share of more than
60% in terms of revenue in 2018
- U.S. occupies
a significant market share, stimulated by growing inclination toward
preventive healthcare in the country
- ADM WILD
Europe GmbH & Co.KG; Essex Laboratories LLC.; and Lebermuth, Inc.
which are some of the established players in terms of their value chain,
regional presence, and product portfolio
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Mint Essential
Oil Market Segmentation
Grand View Research has
segmented the global mint essential oil market on the basis of product,
application, usage, and region:
Mint Essential Oil
Product Outlook (Volume, Tons; Revenue, USD Thousands, 2014 - 2025)
- Cornmint Oil
- Peppermint Oil
- Spearmint Oil
- Dementholized Peppermint Oil
Mint Essential Oil
Application Outlook (Volume, Tons; Revenue, USD Thousands, 2014 - 2025)
- Medical
- Pharmaceutical
- Nutraceuticals
- Food & Beverages
- Bakery
- Confectionery
- Dairy
- RTE Meals
- Beverages
- Meat, Poultry & Seafood
- Snacks & Nutritional Bars
- Spa & Relaxation
- Aromatherapy
- Massage Oil
- Personal Care
- Cosmetics
- Hair Care
- Skin Care
- Sun Care
- Makeup and Color Cosmetics
- Toiletries
- Soaps
- Shampoos
- Men's Grooming
- Oral Care
- Baby Care
- Fragrances
- Perfumes
- Body Sprays
- Air fresheners
- Cleaning & Home
- Kitchen Cleaners
- Floor Cleaners
- Bathroom Cleaner
- Fabric Care
Mint Essential Oil
Usage Outlook (Volume, Tons; Revenue, USD Thousands, 2014 - 2025)
- Direct Usage
- Indirect Usage
Mint Essential Oil
Regional Outlook (Volume, Tons; Revenue, USD Thousands, 2014 - 2025)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Asia Pacific
- China
- India
- Japan
- Taiwan
- South Korea
- Singapore
- Australia
- Middle East & Africa
- Central America
- South America
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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