Young Living Essential Oils, Ultra International B.V, doTERRA International LLC, Melaleuca Inc, Lebermuth Co. Inc, and Mountain Rose Herbs, among others, are the major players in the global peppermint oil market.
The global peppermint oil market is expected to grow at a CAGR of about 5% in the forecast period of 2021-2026. As per the analysis by Expert Market Research, the market is expected to be driven by the growing demand for peppermint essential oil among consumers. The market's growth is primarily driven by increased demand from end-use sectors, supported by increased awareness of peppermint oil's uses and benefits.
The growing demand for aromatherapy treatments is propelling the global peppermint oil market forward. The market will continue to increase as consumer awareness of the benefits of using organic and natural products grows. The peppermint oil industry has been propelled by increasing consumer disposable income and increased awareness of the importance of personal care. The global market for essential oils and natural ingredients is also growing, augmenting the demand for peppermint oil.
Rising demand from regional markets, particularly North America, Europe, and the Asia Pacific, is propelling the global peppermint oil market. Essential oils have a mature market in Europe, which is expected to boost the market for peppermint essential oil. During the forecast period, the Asia Pacific region is expected to grow rapidly. The increased demand for organic and natural fragrances and cosmetics in the area is a factor contributing to this increase. The market is expected to grow as investments in the pharmaceutical and healthcare sectors increase. North America is also another significant market for the product. The expansion of the food and beverage sector in Latin America is expected to result in high demand growth in the coming years.
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Young Living is a multi-level marketing firm and has offices in Australia, Europe, Canada, Japan, Singapore, and farms around the world. They were the first large commercial distillery to distil essential oils from frankincense in 2010. Between 2015 and 2017, the company recorded annual sales of more than USD 1 billion. Products offered by the company include essential oils, diffusers, antioxidants, multivitamins, and probiotics, among others.
Ultra International B.V. is a part of the Ultra group, including India's Ultra International Ltd., Singapore's Ultra International (Far East) Pvt Ltd, PT. Van Aroma & Golden Grove Naturals in Australia. Ultra's primary strengths include its portfolios from Indonesia, Australia, Eastern Europe, Russia, and its Citrus Oil portfolio. The company specialises in essential oils and natural ingredients.
Headquarters: Pleasant Grove, Utah
doTERRA is a multi-level marketing firm founded by former executives of Young Living and others. Initially, the company launched 25 single oils and ten oil blends. By 2015, the company claimed to have generated more than USD 1 billion in sales. As of 2017, doTERRA had approximately 1650 corporate employees across 100 countries. The company specialises in essential oils, skincare, nutrition, wellness, health, and beauty.
|Headquarters:||Idaho Falls, Idaho|
In thirty years, Melaleuca has grown to become an enterprise worth USD 2 billion, doing business in 19 countries across the globe. The company has become one of the largest wellness retailers in North America. It is the largest manufacturer of consumer-packed goods in the Northwest. The company manufactures and distributes nutritional, medicinal, personal care, facial care, home hygiene, and other products.
|Headquarters:||South Bend, Indiana|
The Lebermuth Company has been sourcing, distilling, and perfecting the use of essential oils, which are the building blocks of fragrance and flavour, for over a century. Having started in 1908 selling only mint oil, the company has expanded to selling over 250 essential oils and formulated thousands of fragrances and flavors. The company specialises in essential oils, custom fragrances, custom flavours, natural fragrances, and organic flavours, among others.
Mountain Rose Herbs is well-known for its organic, sustainably sourced, and wild-harvested herbs. In the United States, the company was the first fair trade certified supplier of these products. It was the nation's second-largest distributor of organic dried herbs by 2010. Products offered by Mountain Rose Herbs include essential oils, organic herbs and spices, organic body care products, organic teas, and botanical goods, among others.
*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.