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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

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Global Peppermint Oil Market: By Type: Natural, Synthetic; By End Use: Food and Beverages, Cosmetics and Personal Care, Home Care Products, Aromatherapy, Pharmaceuticals; By Distribution Channel; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Peppermint Oil Market Outlook

The global peppermint oil market is expected to grow at a CAGR of about 5% in the forecast period of 2021-2026.

 

Europe and Asia Pacific to Contribute Significantly to the Global Peppermint Oil Market

The global peppermint oil is being driven by the rising demand from the regional markets, especially North America, Europe, and Asia Pacific. Europe has a mature market for essential oils, which is anticipated to boost the market for peppermint essential oil. Asia-Pacific region is expected to witness strong growth in the forecast period. The factor attributing to this increase is the growing demand for organic and natural fragrances and cosmetic products in the region. The rise in investments made in the pharmaceutical and healthcare sectors forecasts the growth of the market. North America is also one of the leading regions for the product. Latin America expects to see strong demand growth in the coming years as a result of the expansion of the food and beverage sector in the country.

 

Peppermint Oil: Industry Definition and Segmentation

Peppermint oil is derived from peppermint plant, a mixture of water mint and spearmint. It contains high concentrations of menthone and pulegone with natural pesticide characteristics. In addition to its well-known cooling function, peppermint oil is examined for its uses and carminative effect and for the short-term treatment of irritable bowel syndrome and other minor conditions.

The type of the product can be categorised as follows:

  • Natural
  • Synthetic

Peppermint oil finds end-uses in the following:

The distribution channels can be segmented into the following:

  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Specialty Stores
  • Online
  • Others

The regional markets for peppermint oil can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Rising Demand for Peppermint Essential Oil Bolstering the Market Growth

The industry is majorly driven by the growing demand for peppermint essential oil among the consumers. The rise of the market is primarily driven by the rising demand from the end-use sectors aided by the rising awareness about the uses and benefits of peppermint oil. The increasing demand for aromatherapy treatments is the driving force behind the growth of the global peppermint oil market. Rising consumer awareness of the benefits of using organic and natural goods further propels the growth of the market. The increase in the disposable income of the consumers and the rising awareness of the importance of personal care has propelled the peppermint oil industry. The market for essential oils and natural ingredients is also expanding globally, which in turn increases the demand for peppermint oil.

 

Key Industry Players in the Global Peppermint Oil Market

The report gives a detailed analysis of the following key players in the global peppermint oil market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Young Living Europe B.V
  • Ultra International B.V.
  • doTERRA International, LLC
  • Melaleuca Inc.
  • Lebermuth Co., Inc.
  • Mountain Rose Herbs
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Peppermint Oil Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Peppermint Oil Historical Market (2016-2020) 
    8.3    Global Peppermint Oil Market Forecast (2021-2026)
    8.4    Global Peppermint Oil Market by Type
        8.4.1    Natural
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Synthetic
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
    8.5    Global Peppermint Oil Market by End Use
        8.5.1    Food and Beverages
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Cosmetics and Personal Care
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Home Care Products
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Aromatherapy
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        8.5.5    Pharmaceuticals
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2016-2020)
            8.5.5.3    Forecast Trend (2021-2026)
        8.5.6    Others
    8.6    Global Peppermint Oil Market by Distribution Channel
        8.6.1    Hypermarkets/Supermarkets
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Convenience Stores
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Specialty Stores
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
        8.6.4    Online
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2016-2020)
            8.6.4.3    Forecast Trend (2021-2026)
        8.6.5    Others
    8.7    Global Peppermint Oil Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Trade Analysis (HS Code- 1004) 
    12.1    Major Importing Countries
        12.1.1    By Volume
        12.1.2    By Value
    12.2    Major Exporting Countries
        12.2.1    By Volume
        12.2.2    By Value
13    Price Analysis
    13.1    North America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    13.2    Europe Historical Price Trends (2016-2020) and Forecast (2021-2026)
    13.3    Asia Pacific Historical Price Trends (2016-2020) and Forecast (2021-2026)
    13.4    Latin America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    13.5    Middle East and Africa Historical Price Trends (2016-2020) and Forecast (2021-2026)
14    Competitive Landscape
    14.1    Market Structure
    14.2    Company Profiles
        14.2.1    Young Living Europe B.V
            14.2.1.1    Company Overview
            14.2.1.2    Product Portfolio
            14.2.1.3    Demographic Reach and Achievements
            14.2.1.4    Certifications
        14.2.2    Ultra International B.V.
            14.2.2.1    Company Overview
            14.2.2.2    Product Portfolio
            14.2.2.3    Demographic Reach and Achievements
            14.2.2.4    Certifications
        14.2.3    doTERRA International, LLC
            14.2.3.1    Company Overview
            14.2.3.2    Product Portfolio
            14.2.3.3    Demographic Reach and Achievements
            14.2.3.4    Certifications
        14.2.4    Melaleuca Inc.
            14.2.4.1    Company Overview
            14.2.4.2    Product Portfolio
            14.2.4.3    Demographic Reach and Achievements
            14.2.4.4    Certifications
        14.2.5    Lebermuth Co., Inc.
            14.2.5.1    Company Overview
            14.2.5.2    Product Portfolio
            14.2.5.3    Demographic Reach and Achievements
            14.2.5.4    Certifications
        14.2.6    Mountain Rose Herbs
            14.2.6.1    Company Overview
            14.2.6.2    Product Portfolio
            14.2.6.3    Demographic Reach and Achievements
            14.2.6.4    Certifications
        14.2.7    Others
15    Industry Events and Developments


Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operations Involved
2    Project Requirements and Cost Analysis
    2.1    Land, Location, and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Raw Materials
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investments


List of Figures and Tables

1.    Global Peppermint Oil Market: Key Industry Highlights, 2016 and 2026
2.    Global Peppermint Oil Historical Market: Breakup by Type (USD Billion), 2016-2020
3.    Global Peppermint Oil Market Forecast: Breakup by Type (USD Billion), 2021-2026
4.    Global Peppermint Oil Historical Market: Breakup by End Use (USD Billion), 2016-2020
5.    Global Peppermint Oil Market Forecast: Breakup by End Use (USD Billion), 2021-2026
6.    Global Peppermint Oil Historical Market: Breakup by Distribution Channel (USD Billion), 2016-2020
7.    Global Peppermint Oil Market Forecast: Breakup by Distribution Channel (USD Billion), 2021-2026
8.    Global Peppermint Oil Historical Market: Breakup by Region (USD Billion), 2016-2020
9.    Global Peppermint Oil Market Forecast: Breakup by Region (USD Billion), 2021-2026
10.    North America Peppermint Oil Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    North America Peppermint Oil Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Europe Peppermint Oil Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Europe Peppermint Oil Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Asia Pacific Peppermint Oil Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Asia Pacific Peppermint Oil Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Latin America Peppermint Oil Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Latin America Peppermint Oil Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Middle East and Africa Peppermint Oil Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Middle East and Africa Peppermint Oil Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Major Importing Countries by Volume (2019)
21.    Major Exporting Countries by Volume (2019)
22.    Major Importing Countries by Value (2019)
23.    Major Exporting Countries by Value (2019)
24.    North America Historical Price Trends and Forecast 2016-2026
25.    Europe Historical Price Trends and Forecast 2016-2026
26.    Asia Pacific Historical Price Trends and Forecast 2016-2026
27.    Latin America Historical Price Trends and Forecast 2016-2026
28.    Middle East and Africa Historical Price Trends and Forecast 2016-2026
29.    Global Peppermint Oil Market Structure

Key Questions Answered in the Report

What is the growth rate of the global peppermint oil market?

The global peppermint oil market is projected to grow at a CAGR of 5% between 2021 and 2026.

What are the major market drivers?

The growth of the market is being driven by the rising population, growing disposable incomes, rising awareness about the uses and benefits of peppermint oil, rising demand for aromatherapy treatments, increased investment by the key players, and the growing demand from the end-use sectors.

What are the key industry trends of the global peppermint oil market?

The thriving demand for organic and natural ingredients is a key industry trend.

What are the major regional markets of peppermint oil, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the leading types of peppermint oil in the market?

The leading types of peppermint oil in the market are natural and synthetic.

What are the major end use sectors in the industry?

The major end use sectors in the industry are food and beverages, cosmetics and personal care, home care products, aromatherapy, and pharmaceuticals, among others.

What are the significant distribution channels in the market?

The significant distribution channels in the market are hypermarkets/supermarkets, convenience stores, specialty stores, and online, among others.

Who are the key industry players, according to the report?

The major players in the industry are Young Living Europe B.V, Ultra International B.V., doTERRA International, LLC, Melaleuca Inc., Lebermuth Co., Inc., and Mountain Rose Herbs, among others.

Analyst Review

The global peppermint oil market is being driven by the growing demand for aromatherapy treatments. Aided by the robust demand for organic products, the market is expected to witness a healthy growth in the forecast period of 2021-2026, growing at a CAGR of 5%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the market is bifurcated into natural and synthetic. On the basis of end use, the industry is segmented into food and beverages, cosmetics and personal care, home care products, aromatherapy, and pharmaceuticals, among others. By distribution channels, the market is divided into hypermarkets/supermarkets, convenience stores, specialty stores, and online, among others. The major regional markets for peppermint oil are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Young Living Europe B.V, Ultra International B.V., doTERRA International, LLC, Melaleuca Inc., Lebermuth Co., Inc., and Mountain Rose Herbs, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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