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The growing demand for natural fragrances and flavours to ensure that products smell or taste great is boosting the industry growth as wintergreen oil imparts intense sweet-woody, almost fruity odour when added to a product. The major players are enhancing their capabilities and utilising automated dosing and blending systems, following the stringent qualitative regulations. They are further providing certified organic products and offering custom blending solutions to their customers. The growing utilisation of essential oils in the formulation of personal care and cosmetic products is also contributing to the industry growth.
Lebermuth Co., Inc. is one of the leading manufacturers of natural and organic essential oils. The company sources the finest essential oils from over 30 countries and its capabilities include rectification of oils, including wintergreen and lemongrass. The company offers premium products that are capable of solving aroma and supply issues for its customers. Meanwhile, the growing internet penetration and rise in the number of smartphone users have made online shopping a great success. The easy availability of essential oils on e-commerce platforms like Amazon.com, Inc. (NASDAQ: AMZN) and Alibaba Group Holding Limited (NYSE: BABA) is expected to boost the sales of the product in the coming years. Such developments are expected to positively impact the global wintergreen oil industry growth over the forecast period.
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The major players in the global wintergreen oil market are Lebermuth Co., Inc., NOW Health Group, Inc., NHR Organic Oils, Vinayak Ingredients India Pvt Ltd., and Rakesh Sandal Industries, 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.
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