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Global Wintergreen Oil Market: By Type: Organic, Conventional; By Application: Aromatherapy, Personal Care, Pharmaceutical, Food and Beverage; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments
Global Wintergreen Oil Market Outlook
The global wintergreen oil market is aided by the growth of the overall market for essential oil. In 2020, the global essential oil market attained a volume of 177.6 thousand metric tons. The essential oil industry is further expected to grow at CAGR of 8.8% between 2021 and 2026 to reach a volume of 294.5 thousand metric tons by 2026.
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Rising Demand for Natural Products to Aid the Wintergreen Oil Market Growth
The demand for wintergreen oil has been aided by the rising demand for natural products. The primary component of wintergreen that is, methyl salicylate, is widely utilised in topical creams, pain relievers, personal care products, and massage blends owing to its soothing properties. As wintergreen and birch are the only plants wherein methyl salicylate occurs naturally, the demand for wintergreen oil in various applications has increased.
North America is expected to be one of the most significant markets for the product. The demand is growing in the region due to the rising consumer inclination towards natural products and higher standards of living.
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Wintergreen Oil: Industry Definition and Segmentation
Wintergreen oil is the oil obtained from the wintergreen plant. It was traditionally derived from the leaves of the plant through the process of distillation. The production process includes fermentation of the natural material (leaves, stems, and others) of the plant, which is distilled to obtain its purer form. Thus, the final product comprises almost entirely of methyl salicylate, which is the active ingredient of the oil.
Based on type, the market is bifurcated into:
- Organic
- Conventional
On the basis of application, the industry can be segmented into:
- Aromatherapy
- Personal Care
- Pharmaceutical
- Food and Beverage
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Favourable Properties of Wintergreen Oil to Aid its Market Growth
The product has witnessed a reasonable growth due to the growing demand for wintergreen oil in different applications. The product is known for its soothing, anti-inflammatory, and pain-relieving properties. The oil is utilised as a flavouring agent in candies, toothpaste, and chewing gum in small amounts. Moreover, it gives a refreshing aroma upon diffusion and can be used as a scent additive. The wintergreen essential oil is considered an excellent soothing agent and offers a warming effect when applied to the skin after dilution. Thus, the growing demand for natural ingredients in the end-use applications and escalating disposable incomes have boosted the sales volumes of the product over the past few years. Owing to the thriving retail sector, the consumers can purchase the products with ease and at their convenience, which also acts as a market driver. However, the lack of awareness regarding wintergreen oil among the general population and the availability of synthetic methyl salicylate might act as a restraint for the market growth.
Key Industry Players in the Global Wintergreen Oil Market
The report gives a detailed analysis of the following key players in the global wintergreen oil market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Lebermuth Co., Inc.
- NOW Health Group, Inc.
- NHR Organic Oils
- Vinayak Ingredients India Pvt Ltd.
- Rakesh Sandal Industries
- 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 Wintergreen Oil Market Analysis
8.1 Key Industry Highlights
8.2 Global Wintergreen Oil Historical Market (2016-2020)
8.3 Global Wintergreen Oil Market Forecast (2021-2026)
8.4 Global Wintergreen Oil Market by Type
8.4.1 Organic
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 Conventional
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 Wintergreen Oil Market by Application
8.5.1 Aromatherapy
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 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 Pharmaceutical
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 Food and Beverage
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 Others
8.6 Global Wintergreen Oil Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 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 Competitive Landscape
12.1 Market Structure
12.2 Key Players
12.3 Company Profiles
12.3.1 Lebermuth Co., Inc.
12.3.1.1 Company Overview
12.3.1.2 Product Portfolio
12.3.1.3 Demographic Reach and Achievements
12.3.1.4 Certifications
12.3.2 NOW Health Group, Inc.
12.3.2.1 Company Overview
12.3.2.2 Product Portfolio
12.3.2.3 Demographic Reach and Achievements
12.3.2.4 Certifications
12.3.3 NHR Organic Oils
12.3.3.1 Company Overview
12.3.3.2 Product Portfolio
12.3.3.3 Demographic Reach and Achievements
12.3.3.4 Certifications
12.3.4 Vinayak Ingredients India Pvt Ltd.
12.3.4.1 Company Overview
12.3.4.2 Product Portfolio
12.3.4.3 Demographic Reach and Achievements
12.3.4.4 Certifications
12.3.5 Rakesh Sandal Industries
12.3.5.1 Company Overview
12.3.5.2 Product Portfolio
12.3.5.3 Demographic Reach and Achievements
12.3.5.4 Certifications
12.3.6 Others
13 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirements and Cost Analysis
2.1 Land, Location, and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Figures and Tables
1 Global Wintergreen Oil Market: Key Industry Highlights, 2016 and 2026
2 Global Wintergreen Oil Historical Market: Breakup by Type (USD Billion), 2016-2020
3 Global Wintergreen Oil Market Forecast: Breakup by Type (USD Billion), 2021-2026
4 Global Wintergreen Oil Historical Market: Breakup by Application (USD Billion), 2016-2020
5 Global Wintergreen Oil Market Forecast: Breakup by Application (USD Billion), 2021-2026
6 Global Wintergreen Oil Historical Market: Breakup by Region (USD Billion), 2016-2020
7 Global Wintergreen Oil Market Forecast: Breakup by Region (USD Billion), 2021-2026
8 North America Wintergreen Oil Historical Market: Breakup by Country (USD Billion), 2016-2020
9 North America Wintergreen Oil Market Forecast: Breakup by Country (USD Billion), 2021-2026
10 Europe Wintergreen Oil Historical Market: Breakup by Country (USD Billion), 2016-2020
11 Europe Wintergreen Oil Market Forecast: Breakup by Country (USD Billion), 2021-2026
12 Asia Pacific Wintergreen Oil Historical Market: Breakup by Country (USD Billion), 2016-2020
13 Asia Pacific Wintergreen Oil Market Forecast: Breakup by Country (USD Billion), 2021-2026
14 Latin America Wintergreen Oil Historical Market: Breakup by Country (USD Billion), 2016-2020
15 Latin America Wintergreen Oil Market Forecast: Breakup by Country (USD Billion), 2021-2026
16 Middle East and Africa Wintergreen Oil Historical Market: Breakup by Country (USD Billion), 2016-2020
17 Middle East and Africa Wintergreen Oil Market Forecast: Breakup by Country (USD Billion), 2021-2026
18 Global Wintergreen Oil Market Structure
Key Questions Answered in the Report
The global wintergreen oil market is being supported by the growth of the essential oil market, which attained a volume of 177.6 thousand metric tons in 2020.
The essential oil market is projected to grow at a CAGR of 8.8% between 2021 and 2026, which is aiding the growth of the wintergreen oil industry.
The essential oil market is estimated to reach 294.5 thousand metric tons by 2026, thus, further supporting the wintergreen oil industry growth.
The major drivers of the industry, such as rising disposable incomes, the product’s soothing, anti-inflammatory, and pain relieving properties, rising demand from the personal care industry, and the growing aromatherapy industry, are expected to aid the market growth.
The key trends guiding the growth of the market include the rising demand for natural ingredients in the end-use sectors.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading types of wintergreen oil in the market are organic and conventional.
The major application segments in the industry are aromatherapy, personal care, pharmaceutical, and food and beverage.
The major players in the industry are Amcor Limited, Industrial Development Company sal, Stanpac Inc., Graham Packaging Company Inc, and Crown Holdings, among others.
Analyst Review
The global wintergreen oil market is aided by the growth of the essential oil market, which attained a volume of 177.6 thousand metric tons in 2020. The wintergreen oil industry is being driven by the rising demand for natural ingredients in the personal care sector. The global essential oil market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 8.8% to reach 294.5 thousand metric tons by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By type, the industry is segmented into organic and conventional. Based on application, the market can be divided into aromatherapy, personal care, pharmaceutical, and food and beverage. The major regional markets for wintergreen oil are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Amcor Limited, Industrial Development Company sal, Stanpac Inc., Graham Packaging Company Inc, and Crown Holdings, 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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