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Global Peppermint Essential Oil Market - Industry Trends and Forecast to 2029

  • Food & Beverage
  • Upcoming Report
  • Aug 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Peppermint Essential Oil Market - Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR - % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 232.91 Million
Diagram Market Size (Forecast Year) USD 477.89 Million
Diagram CAGR %

Global Peppermint Essential Oil Market, By Product Type (Natural Peppermint Essential Oil and Synthetic Peppermint Essential Oil), Method of Extraction (Distillation, Carbon Dioxide Extraction, Cold Press Extraction, Solvent Extraction, Others), End Use (Cosmetics, Drugs and Food & Beverages, Aromatherapy, Home Care, Health Care, Others), Application (Oral Products, Confectionary Products, Pharmaceutical Products, Tobacco Products, Fragrance Products) – Industry Trends and Forecast to 2029.

Peppermint Essential Oil Market Analysis and Size

The health benefits provided by peppermint essential oils drive the market. As a result, the market for their application has seen rapid growth, with them now being used in almost every industry, from food and beverage to medicines and animal feed, as well as personal care products.

Data Bridge Market Research analyses that the peppermint essential oil market was valued at USD 232.91 million in 2021 and is expected to reach the value of USD 477.89 million by 2029, at a CAGR of 9.4% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.

Peppermint Essential Oil Market Scope and Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Product Type (Natural Peppermint Essential Oil and Synthetic Peppermint Essential Oil), Method of Extraction (Distillation, Carbon Dioxide Extraction, Cold Press Extraction, Solvent Extraction, Others), End Use (Cosmetics, Drugs and Food & Beverages, Aromatherapy, Home Care, Health Care, Others), Application (Oral Products, Confectionary Products, Pharmaceutical Products, Tobacco Products, Fragrance Products)

Countries Covered

U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Global (APAC) in the Global (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Thermo Fisher Scientific Inc. (U.S.), Intertek Group plc (U.K.), Eurofins Scientific (Luxembourg), ALS Limited (Australia), SGS SA (Switzerland), TUV SUD (Germany), NEOGEN Corporation (U.S.), Microlabs Ltd (India), Advanced Laboratory Testing (Ireland), Mérieux NutriSciences (U.S.), NSF International (U.S.)

Opportunities

  • Growing trend toward adopting various food safety control systems and regulatory approaches
  • High rate of nutrient deficiency led to the demand for food fortification
  • The rising capacity to develop and implement new standard regulations and improved infrastructure control

Market Definition

Peppermint oil is an essential oil derived from the flowers and stem of the peppermint plant. The oil is obtained through steam distillation. These are volatile, aromatic plant essences with flavouring properties that make them extremely useful in applications such as food and beverage, cosmetics, home care and cleaning, aromatherapy, and fragrance.

Peppermint Essential Oil Market Dynamics

Drivers

  • Long shelf life as well as growing demand from personal care industry

Peppermint essential oil has a long shelf life because it does not oxidise or become rancid and does not degrade when subjected to high temperatures and pressure because of this property, it is used in a variety of skin care products, including moisturisers, facial cleansers, scar and stretch mark minimizers, and anti-acne gels, as well as hair care products, including conditioners, de-tangling creams, and hair regrowth serums.

  • The growing application in supplement and pharmaceutical industries

In addition, peppermint essential oil contains a variety of vitamins and minerals, including vitamin E and B complex, silicon, chromium, copper, iodine, and zinc. As a result, it is used as a diet supplement and as a key ingredient in several pharmaceutical products for the treatment of sores, cuts, bruises, burns, and athlete's foot and warts. Furthermore, as some plants seeds can be cultivated after five years, leading companies are investing in R&D activities to develop innovative and cost-effective technologies to ensure a consistent supply of oil resources.

Opportunity

Increased disposable income and standard of living are the major factors which will propel the essential oil market; increased demand for personal care products drives the market rapidly. The variety of essential oil applications in personal care products is expanding rapidly, which is likely to create new opportunities for peppermint essential oil market manufacturers during the forecast period.

Restraints

However, the market's growth is expected to be hampered by a limited supply of raw materials and stringent quality standards. The consumption of natural reserves and the subsequent outcomes associated with some essential oils acts as a restraint on market growth.

This peppermint essential oil market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the peppermint essential oil market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Peppermint Essential Oil Market

Despite the fact that the COVID-19 pandemic had a negative impact on several industries, the essential oils market grew during this time. As mentioned peppermint essential oils have antimicrobial, antioxidant, and anti-infective properties, they are used to treat a variety of health conditions such as stress, immunity disorders, sleep disorders, and depression. As a result, the importance of the essential oils market increased during the pandemic as the number of patients with mental health problems increased, propelling the market's growth.

Recent development

  • In May 2020, Firmenich completed the acquisition of Les Derives Résiniques ET Terpeniques, a global leader in developing and supplying high-quality, renewable, and naturally derived ingredients. This acquisition would position Firmenich as a leader in renewable ingredients for perfumery and other applications.
  • In October 2020, dôTERRA announced several new essential oil products and diffusers and three new wellness programmes to help people focus on their specific health goals.
  • In February 2021, Givaudan acquired Myrissi. Givaudan's long-term Fragrance & Beauty strategy would be aided by the acquisition of Myrissi. Their A.I. expertise would help Givaudan propose new organoleptic approaches to consumers.

Global Peppermint Essential Oil Market Scope

The peppermint essential oil market is segmented on the basis of product type, method of extraction, end use and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Products

  • Natural Peppermint Essential Oil
  • Synthetic Peppermint Essential Oil

Extraction method

  • Distillation
  • Cold Press Extraction
  • Carbon Dioxide Extraction
  • Solvent Extraction
  • Others

End user

Application

  • Oral Products
  • Confectionary Products
  • Pharmaceutical Products
  • Tobacco Products
  • Fragrance Products

Peppermint Essential Oil Market Regional Analysis/Insights

The peppermint essential oil market is analysed and market size insights and trends are provided by country, product type, method of extraction, end use and application as referenced above.

The countries covered in the peppermint essential oil market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Global (APAC) in the Global (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific (APAC) is expected to increase the essential oils business during the mentioned forecast period. The factors driving the province's trade growth are an increase in disposable income and increased investment in the application of natural resources.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Peppermint Essential Oil Market Share Analysis

The peppermint essential oil market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to peppermint essential oil market.

Some of the major players operating in the peppermint essential oil market are:

  • GrainCorp (Australia)
  • Malteurop (France)
  • Rahr Corporation (U.S.)
  • Boortmalt (Belgium)
  • Indesso (Spain)
  • Lipoid Kosmetic AG, (Germany)
  • The Herbarie at Stoney Hill Farm, Inc. (U.S.)
  • International Flavors & Fragrances, Inc. (Netherlands)
  • Bell Flavors & Fragrances (France)
  • Rutland Biodynamics Ltd. (Scotland)
  • Prakruti Products Pvt. Ltd (India)
  • AmbePhytoextractsPvt. Ltd. (Austria)
  • The Green Labs LLC (Netherlands)
  • Berje, Inc. (Italy)
  • Umalaxmi Organics Pvt. Ltd. (India)
  • DSM (Netherlands)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The Peppermint Essential Oil Market value is expected USD 477.89 million by 2029.
The Peppermint Essential Oil Market is expected to grow at a rate of market is 9.4% during the forecast period of 2022 to 2029.
On the basis of application, the Peppermint Essential Oil Market is segmented into Oral Products, Confectionary Products, Pharmaceutical Products, Tobacco Products, Fragrance Products.
The major players operating in the Peppermint Essential Oil Market are Thermo Fisher Scientific Inc. (U.S.), Intertek Group plc (U.K.), Eurofins Scientific (Luxembourg), ALS Limited (Australia), SGS SA (Switzerland), TUV SUD (Germany), NEOGEN Corporation (U.S.), Microlabs Ltd (India), Advanced Laboratory Testing (Ireland), Mérieux NutriSciences (U.S.), NSF International (U.S.).
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