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Mint Essential Oil Market: Segmented: By Type (Citrus, Lavender, Rosemary, Tea Tree, Peppermint, Citronella, And Others), By Application (Aromatherapy, Cosmetics and Personal Care, Food & Beverages, Home Care Products and Other Industrial Uses), And Region - Global Analysis Of Market Size, Share & Trends For 2019-2020 And Forecasts To 2031
[ 170 + Pages Research Report ] Mint Essential Oil Market to surpass USD 24.12 billion by 2031 from USD 9.96 billion in 2021 at a CAGR of 9.25% in the coming years, i.e., 2021-31.
Mint oil is obtained from several parts of the Mint plant. Mint oil is produced by the steam distillation process just before the flowering stage. Mint oil is used in the food & beverage industries to transfer natural mint flavor to many beverages, ice creams, sweets & desserts, as well as confectionery products.
Global Mint Essential Oil market is expected to project a notable CAGR of 9.25% in 2031.
Global Mint Essential Oil to surpass USD 24.12 billion by 2031 from USD 9.96 billion in 2021 at a CAGR of 9.25% in the coming years, i.e., 2021-31. The growing demand for products filled with natural and organic ingredients, coupled with an increase in the application of home and personal care products by customers with changes in lifestyles, and growing per capita income is proving to be a driving factor for the mint oil market.
Citrus segment to grow with the highest CAGR during 2021-31
Global mint essential oil market is classified based on Type into Citrus, lavender, rosemary, tea tree, Peppermint, Citronella, and Others. Citrus segment dominates the market share globally. Citrus-based ethereal oil includes lemon, and orange, which dominate the market due to market availability, superior functional, and string dynamic functions.
Aromatherapy segment to grow with the highest CAGR during 2021-31
Based on application, global Mint Essential Oil Market is fragmented into Aromatherapy, Cosmetics and Personal Care, Food & Beverages, Home Care Products, and Other Industrial Uses. Aromatherapy is the application of aromas from natural products for the treatment of many physical as well as emotional conditions. Mint oil is used in aromatherapy for several uses such as massages, inhalation, bathing, perfumes, etc. Mint oil is known to decrease anxiety, vomiting, and pain, as well as raise alertness and enhance memory. There is rising demand for mint oil as a result of the rising preference of consumers for natural alternatives in place of synthetic and chemical treatments. The growing preference of consumers for aromatherapy is predictable to be a prominent driver for the mint oil market.
Rising preference of consumers
The growing awareness among customers about health issues caused due to the consumption of products with chemicals and artificial flavors is fueling them toward several natural products. Mint oils are natural and are used to impart aroma and flavor to several food and beverages. The 'move to natural and organic formulations' trend is likely to grow. Thus, the demand for food and beverage products with natural ingredients such as mint oil is predictable to grow during the forecast years.
Increasing use of Peppermint Oil in Aromatherapy
Aromatherapy is the application of aromas from natural products for the treatment of many physical as well as emotional conditions. Mint oil is used in aromatherapy for several uses such as massages, inhalation, bathing, perfumes, etc. Mint oil is known to decrease anxiety, vomiting, and pain, as well as raise alertness and enhance memory. There is rising demand for mint oil as a result of the rising preference of consumers for natural alternatives in place of synthetic and chemical treatments. The growing preference of consumers for aromatherapy is predictable to be a prominent driver for the mint oil market.
Strict regulations
A healthy ecosystem offers a range of benefits that acts as the basis of human well-being. Plants are an important part of this ecosystem as they balance the world by delivering food and shelter. They also contribute in physiological and psychological well-being through their therapeutic products such as essential oils. However, this source is exhausting slowly. This could be attributed to an increase in population and industrialization that has resulted in deforestation. This, will hamper the Mint Essential Oil market.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Global Mint Essential Oil market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. The Asia Pacific dominates the mint essential oil market. The growing population, rise in disposable incomes, swift urbanization in the Asia Pacific region, and a rise in demand for high-quality food & beverage products are the key features that have encouraged the demand for essential oils. Substantial growth has been observed in countries, such as China, India, and Japan, owing to the increase in the purchasing power of the population and demand for protein-rich meat diets. Additionally, consumers prefer choosing products that have high nutritional content and deliver health benefits and exotic taste.
Global Mint Essential Oil is further segmented by region into:
Mint Essential Oil Segments:
| Report Attribute | Details |
| Market size value in 2021 | USD 9.96 billion |
| Revenue forecast in 2031 | USD 24.12 billion |
| Growth Rate | CAGR of 9.25% from 2021 to 2031 |
| Base year for estimation | 2020 |
| Quantitative units | Revenue in USD million and CAGR from 2021 to 2030 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Type, Application and Region |
| Regional scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Key companies profiled | H Reynaud et Fils Ltd., Flavex Naturextrakte GmbH, Sydney Essential Oil Co., Rocky Mountain Essential Oils, Bhagat Aromatics Ltd, Veda oils, BMV Fragrances Pvt. Ltd., Mentha Essential Oil, The Lebermuth Company, Inc., Essex Laboratories LLC and Other Prominent Players |
The Mint Essential Oil Market size was estimated at USD 9.96 billion in 2020 and is expected to reach 24.12 billion by 2030.
Key players H Reynaud et Fils Ltd., Flavex Naturextrakte GmbH, Sydney Essential Oil Co., Rocky Mountain Essential Oils, Bhagat Aromatics Ltd, Veda oils, BMV Fragrances Pvt. Ltd., Mentha Essential Oil, The Lebermuth Company, Inc., Essex Laboratories LLC and Other Prominent Players
A citrus segment are anticipated to hold the largest Mint Essential Oil Market
Drivers: Rising preference of consumers and Increasing use of Peppermint Oil in Aromatherapy
Mint oil is obtained from several parts of the Mint plant. Mint oil is produced by the steam distillation process just before the flowering stage. Mint oil is used in the food & beverage industries to transfer natural mint flavor to many beverages, ice creams, sweets & desserts, as well as confectionery products.
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