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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 (2018-2028); 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
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Application, Region |
| Breakup by Type | Organic, Conventional |
| Breakup by Application | Aromatherapy, Personal Care, Pharmaceutical, Food and Beverage, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Lebermuth Co., Inc., NOW Health Group, Inc., NHR Organic Oils, Vinayak Ingredients India Pvt Ltd., Rakesh Sandal Industries, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*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.
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 Opportunities and Challenges in the Market
8 Global Wintergreen Oil Market Analysis
8.1 Key Industry Highlights
8.2 Global Wintergreen Oil Historical Market (2018-2022)
8.3 Global Wintergreen Oil Market Forecast (2023-2028)
8.4 Global Wintergreen Oil Market by Type
8.4.1 Organic
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Conventional
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Wintergreen Oil Market by Application
8.5.1 Aromatherapy
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Personal Care
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Pharmaceutical
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Food and Beverage
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Wintergreen Oil Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Wintergreen Oil Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Wintergreen Oil Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Wintergreen Oil Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Wintergreen Oil Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Wintergreen Oil Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.3.1 Lebermuth Co., Inc.
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.1.3 Demographic Reach and Achievements
16.3.1.4 Certifications
16.3.2 NOW Health Group, Inc.
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.2.3 Demographic Reach and Achievements
16.3.2.4 Certifications
16.3.3 NHR Organic Oils
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.3.3 Demographic Reach and Achievements
16.3.3.4 Certifications
16.3.4 Vinayak Ingredients India Pvt Ltd.
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.4.3 Demographic Reach and Achievements
16.3.4.4 Certifications
16.3.5 Rakesh Sandal Industries
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.5.3 Demographic Reach and Achievements
16.3.5.4 Certifications
16.3.6 Others
17 Key Trends and Developments in the Market
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 Key Figures and Tables
1 Global Wintergreen Oil Market: Key Industry Highlights, 2018 and 2028
2 Global Wintergreen Oil Historical Market: Breakup by Type (Thousand Metric Tons), 2018-2022
3 Global Wintergreen Oil Market Forecast: Breakup by Type (Thousand Metric Tons), 2023-2028
4 Global Wintergreen Oil Historical Market: Breakup by Application (Thousand Metric Tons), 2018-2022
5 Global Wintergreen Oil Market Forecast: Breakup by Application (Thousand Metric Tons), 2023-2028
6 Global Wintergreen Oil Historical Market: Breakup by Region (Thousand Metric Tons), 2018-2022
7 Global Wintergreen Oil Market Forecast: Breakup by Region (Thousand Metric Tons), 2023-2028
8 North America Wintergreen Oil Historical Market: Breakup by Country (Thousand Metric Tons), 2018-2022
9 North America Wintergreen Oil Market Forecast: Breakup by Country (Thousand Metric Tons), 2023-2028
10 Europe Wintergreen Oil Historical Market: Breakup by Country (Thousand Metric Tons), 2018-2022
11 Europe Wintergreen Oil Market Forecast: Breakup by Country (Thousand Metric Tons), 2023-2028
12 Asia Pacific Wintergreen Oil Historical Market: Breakup by Country (Thousand Metric Tons), 2018-2022
13 Asia Pacific Wintergreen Oil Market Forecast: Breakup by Country (Thousand Metric Tons), 2023-2028
14 Latin America Wintergreen Oil Historical Market: Breakup by Country (Thousand Metric Tons), 2018-2022
15 Latin America Wintergreen Oil Market Forecast: Breakup by Country (Thousand Metric Tons), 2023-2028
16 Middle East and Africa Wintergreen Oil Historical Market: Breakup by Country (Thousand Metric Tons), 2018-2022
17 Middle East and Africa Wintergreen Oil Market Forecast: Breakup by Country (Thousand Metric Tons), 2023-2028
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 2023-2028, 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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