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Global Peppermint Oil Market to Grow at a CAGR of 5% During 2021-2026, Aided by the Rising Demand for Peppermint Essential Oil

According to a new report by EMR titled, ‘Global Peppermint Oil Market Report and Forecast 2021-2026’, the global peppermint oil industry is expected to grow at a CAGR of 5% in the forecast period of 2021- 2026.

The global peppermint oil industry is primarily being driven by the rising demand for peppermint essential oil. The market landscape is significantly led by exporters primarily concentrated in two major countries in the North America region-the United States and Canada. Increased demand for peppermint oil, specifically for mint flavoured products in the confectionery market has led to the bulk of peppermint exports from these two nations, out of which the United States supplies more than half of the world's peppermint and spearmint.

The expansion of the distribution channels in both developed and developing nations is leading to a rising demand for the product. The demand for the product is witnessing a rise on both offline and online channels. Amazon (NASDAQ: AMZN), one of the leading e-commerce retailers, offers a huge range of the product from various brand including popular brand like Kama Ayurveda, especially in India. Other brands offered by Amazon include Handcraft Blends, Cliganic USDA, and Majestic Pure, among others. On the other hand, supermarkets, and hypermarkets like Walmart (NYSE: WMT) are also responsible for the thriving sales of the product. The range of products as well as the brands in the market will grow in the market with the rising competition and the rising demand for the product in the market. This is expected to boost the market growth in the forecast period of 2021-2026.

Market Analysis by Type, End-Uses, Distribution Channels, and Regions:

  • The type of the product can be divided into natural and synthetic.
  • It finds end-uses in food and beverages, cosmetics and personal care, home care products, aromatherapy, and pharmaceuticals, among others.
  • The distribution channels include hypermarkets/supermarkets, convenience stores, specialty stores, and online, among others.
  • The regional markets for peppermint oil include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The thriving demand from the end-use sectors is driving the market growth.
  • The rising demand for aromatherapy treatments is propelling the growth of the market.
  • Rising consumer awareness regarding the health benefits of organic and natural goods is providing an impetus to the market growth.
  • The rising demand for essential oils and natural ingredients is also propelling the market growth.
  • The robust growth of the personal care industry is driving the market growth.

Key Offerings of the report:

  • The EMR report gives an overview of the global peppermint oil industry for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecasted (2021-2026) markets for the type, end-uses, distribution channels, and major regions of peppermint oil. 
  • It assesses the regional price trends for the (2016-2020) and (2021-2026) periods.  
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global peppermint oil market are Young Living Europe B.V, Ultra International B.V., doTERRA International, LLC, Melaleuca Inc., Lebermuth Co., Inc., and Mountain Rose Herbs, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

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