Product Code: A14182
The global peppermint oil market was valued at $331.7 million in 2021, and is projected to reach $658.2 million by 2031, growing at a CAGR of 6.6% from 2022 to 2031.Peppermint (Mentha piperita L.) is a Lamiaceae family plant that is grown all over the globe. Peppermint oil has therapeutic properties as a carminative and gastric stimulator. Peppermint oil is among the most extensively used and most valued organic oil in the flavoring of formulations and medications for cough syrups, sweets, oral care, chewing gum, and beverages. Peppermint oil has been found to have antifungal, antibacterial, antiparasitic, antioxidant, and antiviral properties.
The peppermint plant's leaves and flowers are used to make peppermint essential oil. In addition to its widespread use in food and drink, peppermint oil is used as a scent in soaps and cosmetics. It has been used for medical purposes since the historical period. Records from the time of ancient Greece, Egypt, and Rome describe its usage for stomach issues. Irritable bowel syndrome (IBS), the common cold, headaches, sinus infections, and other disorders are the most prevalent uses for peppermint oil. While dealing with issues such as joint discomfort, itching, headaches, and muscular aches, it is advised to apply peppermint oil topically. Peppermint oil is used in aromatherapy to heal colds and coughs, lessen discomfort and tension, and enhance mental performance.
According to 2020 randomized clinical trials, it was found that inhaling peppermint oil vapors through a nebulizer reduces the severity, frequency, and duration of vomiting and nausea in people who are recovering from heart surgery. Moreover, the University of Maryland Medical Center (UMMC) mentioned that it can be an effective treatment for indigestion, flatulence, and irritable bowel syndrome.
Peppermint oil is widely used in aromatherapy for treating stomach infection, headache, asthma, and other respiratory problems. Manufacturers provide peppermint oil in various proportions such as highly concentrated or diluted, and are available in several varieties such as Black Mitcham, Todd Mitcham, and others. It is mainly used as a flavoring agent in chewing gums and toothpaste. Increase in the number of spa and relaxation centers has fueled the growth of this segment. Rise in awareness regarding the benefits of peppermint oil boosts its adoption among consumers. Young Living Essential Oils and Avi Naturals are the two-peppermint essential oil producing companies.
Peppermint oil appears to be safe when taken orally (by mouth) or applied topically. Many clinical trials have used peppermint oil safely, but in some cases cause severe irritation, provoke an allergic reaction and, over time, prove hepatotoxic. Heartburn, nausea, abdominal pain, and dry mouth are all possible side effects of taking peppermint oil orally. Peppermint oil can occasionally cause allergic reactions. Peppermint oil capsules are frequently enteric coated to reduce the likelihood of heartburn.
The U.S. has approximately 21 million adults who have experienced at least one major depressive episode, which has increased demand for essential oils aromatherapy. Furthermore, people's shifting preferences from man-made drugs to organic therapeutic methods to ensure their own well-being while leaving a minimal environmental footprint is another major factor driving peppermint oil market revenue growth. According to data from the Centers for Disease Control and Prevention from 2019, 5.8 million people in the U.S. have Alzheimer's disease and related dementias, with 5.6 million of them being 65 years of age or older and around 200,000 having the disease at a younger age, which results in increasing preferences of peppermint oil for spa and relaxation centers globally.
The major factor that boosts the market growth is the increase in consumer preference for natural and organic products, be it cosmetics, food, or similar other product categories. This in turn, has led the manufacturers operating in such industries to develop products that contain natural additives. Thus, rise in usage of peppermint oil among various end-user industries coupled with factors such as rapid industrialization, increase in disposable income, and improved standards of living in emerging economies, supplement the market growth.
The factors that restrict the market growth are high price of peppermint oil, availability of synthetic substitutes, and limited availability of raw materials. Government support and favorable regulations are expected to offer lucrative opportunities for market growth. Moreover, steady rise in demand for natural aromatic fragrances and flavors in spa and relaxation applications along with cosmetics is anticipated to promote the demand for peppermint oil during the forecast period.
The onepeppermint oil market is segmented based on product type (natural peppermint oil and conventional peppermint oil), application (food and beverages, medical, cleaning and home, spa and relaxation, and others) distribution channel (direct distribution, MLM distribution, retail distribution, and others), and region the North America (U.S., Canada, Mexico), Europe ( Germany, UK, France, Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, Indonesia, Malaysia, South Korea, Singapore, Australia, and Asia-Pacific), LAMEA (Brazil, Chile, UAE, Saudi Arabia, and Rest of LAMEA) .The product type segment is further classified into natural peppermint oil and conventional peppermint oil. The natural peppermint oil is accounted for the maximum revenue share in 2021 and is anticipated to consolidate its position during the forecast period. In addition, the food & beverage industry majorly uses natural peppermint oil because of its non-harmful nature. By application, the peppermint oils market is classified into food & beverages, medical, cleaning & home, spa & relaxation, and others. cleaning and home segment is estimated be the fastest growing application segment.
Other applications, such as home cleaning products and textile products where peppermint oil serves as sweet-smelling mixes, and healthy substitutes for synthetic products are anticipated to witness sustainable development in future. By region, the market is categorized into North America, Europe, Asia-Pacific, and LAMEA.
The prominent players analyzed in this report include Aksu Vital Natural Products and Cosmetics, Aromaaz International, DoTERRA, Greenleaf Extractions Pvt. Ltd., Lebermuth, Inc., Melaleuca Inc., Mountain Rose Herbs, NOW Foods, Plant Therapy Essential Oils, and Young Living Essential Oils.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the peppermint oil market analysis from 2021 to 2031 to identify the prevailing peppermint oil market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the peppermint oil market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global peppermint oil market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By by Product Type
- Natural Peppermint Oil
- Conventional Peppermint Oil
By by Application
- Spa and Relaxation
- Others
- Food and Beverages
- Medical
- Cleaning and Home
By by Distributional Channel
- Direct Distribution
- MLM Distribution
- Retail Distribution
- Others
By Region
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest Of Europe
- Asia-Pacific
- China
- Japan
- India
- Indonesia
- Malaysia
- South Korea
- Singapore
- Australia
- Rest Of Asia-Pacific
- LAMEA
- Brazil
- Chile
- UAE
- Saudi Arabia
- Rest Of LAMEA
- Key Market Players
- Aksu Vital Natural products and Cosmetics
- Aromaaz International
- D?TERRA
- Greenleaf Extractions Pvt Ltd
- Lebermuth, Inc
- Melaleuca Inc
- Mountain Rose Herbs
- NOW FOODS
- Plant Therapy Essential Oils
- Young Living Essential Oils
TABLE OF CONTENTS
CHAPTER 1:INTRODUCTION
- 1.1.Report description
- 1.2.Key market segments
- 1.3.Key benefits to the stakeholders
- 1.4.Research Methodology
- 1.4.1.Secondary research
- 1.4.2.Primary research
- 1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
- 2.1.Key findings of the study
- 2.2.CXO Perspective
CHAPTER 3:MARKET OVERVIEW
- 3.1.Market definition and scope
- 3.2.Key findings
- 3.2.1.Top investment pockets
- 3.3.Porter's five forces analysis
- 3.4.Top player positioning
- 3.5.Market dynamics
- 3.5.1.Drivers
- 3.5.2.Restraints
- 3.5.3.Opportunities
- 3.6.COVID-19 Impact Analysis on the market
CHAPTER 4: PEPPERMINT OIL MARKET, BY BY PRODUCT TYPE
- 4.1 Overview
- 4.1.1 Market size and forecast
- 4.2 Natural Peppermint Oil
- 4.2.1 Key market trends, growth factors and opportunities
- 4.2.2 Market size and forecast, by region
- 4.2.3 Market analysis by country
- 4.3 Conventional Peppermint Oil
- 4.3.1 Key market trends, growth factors and opportunities
- 4.3.2 Market size and forecast, by region
- 4.3.3 Market analysis by country
CHAPTER 5: PEPPERMINT OIL MARKET, BY BY APPLICATION
- 5.1 Overview
- 5.1.1 Market size and forecast
- 5.2 Food and Beverages
- 5.2.1 Key market trends, growth factors and opportunities
- 5.2.2 Market size and forecast, by region
- 5.2.3 Market analysis by country
- 5.3 Medical
- 5.3.1 Key market trends, growth factors and opportunities
- 5.3.2 Market size and forecast, by region
- 5.3.3 Market analysis by country
- 5.4 Cleaning and Home
- 5.4.1 Key market trends, growth factors and opportunities
- 5.4.2 Market size and forecast, by region
- 5.4.3 Market analysis by country
- 5.5 Spa and Relaxation
- 5.5.1 Key market trends, growth factors and opportunities
- 5.5.2 Market size and forecast, by region
- 5.5.3 Market analysis by country
- 5.6 Others
- 5.6.1 Key market trends, growth factors and opportunities
- 5.6.2 Market size and forecast, by region
- 5.6.3 Market analysis by country
CHAPTER 6: PEPPERMINT OIL MARKET, BY BY DISTRIBUTIONAL CHANNEL
- 6.1 Overview
- 6.1.1 Market size and forecast
- 6.2 Direct Distribution
- 6.2.1 Key market trends, growth factors and opportunities
- 6.2.2 Market size and forecast, by region
- 6.2.3 Market analysis by country
- 6.3 MLM Distribution
- 6.3.1 Key market trends, growth factors and opportunities
- 6.3.2 Market size and forecast, by region
- 6.3.3 Market analysis by country
- 6.4 Retail Distribution
- 6.4.1 Key market trends, growth factors and opportunities
- 6.4.2 Market size and forecast, by region
- 6.4.3 Market analysis by country
- 6.5 Others
- 6.5.1 Key market trends, growth factors and opportunities
- 6.5.2 Market size and forecast, by region
- 6.5.3 Market analysis by country
CHAPTER 7: PEPPERMINT OIL MARKET, BY REGION
- 7.1 Overview
- 7.1.1 Market size and forecast
- 7.2 North America
- 7.2.1 Key trends and opportunities
- 7.2.2 North America Market size and forecast, by by Product Type
- 7.2.3 North America Market size and forecast, by by Application
- 7.2.4 North America Market size and forecast, by by Distributional Channel
- 7.2.5 North America Market size and forecast, by country
- 7.2.5.1 U.S.
- 7.2.5.1.1 Market size and forecast, by by Product Type
- 7.2.5.1.2 Market size and forecast, by by Application
- 7.2.5.1.3 Market size and forecast, by by Distributional Channel
- 7.2.5.2 Canada
- 7.2.5.2.1 Market size and forecast, by by Product Type
- 7.2.5.2.2 Market size and forecast, by by Application
- 7.2.5.2.3 Market size and forecast, by by Distributional Channel
- 7.2.5.3 Mexico
- 7.2.5.3.1 Market size and forecast, by by Product Type
- 7.2.5.3.2 Market size and forecast, by by Application
- 7.2.5.3.3 Market size and forecast, by by Distributional Channel
- 7.3 Europe
- 7.3.1 Key trends and opportunities
- 7.3.2 Europe Market size and forecast, by by Product Type
- 7.3.3 Europe Market size and forecast, by by Application
- 7.3.4 Europe Market size and forecast, by by Distributional Channel
- 7.3.5 Europe Market size and forecast, by country
- 7.3.5.1 Germany
- 7.3.5.1.1 Market size and forecast, by by Product Type
- 7.3.5.1.2 Market size and forecast, by by Application
- 7.3.5.1.3 Market size and forecast, by by Distributional Channel
- 7.3.5.2 UK
- 7.3.5.2.1 Market size and forecast, by by Product Type
- 7.3.5.2.2 Market size and forecast, by by Application
- 7.3.5.2.3 Market size and forecast, by by Distributional Channel
- 7.3.5.3 France
- 7.3.5.3.1 Market size and forecast, by by Product Type
- 7.3.5.3.2 Market size and forecast, by by Application
- 7.3.5.3.3 Market size and forecast, by by Distributional Channel
- 7.3.5.4 Italy
- 7.3.5.4.1 Market size and forecast, by by Product Type
- 7.3.5.4.2 Market size and forecast, by by Application
- 7.3.5.4.3 Market size and forecast, by by Distributional Channel
- 7.3.5.5 Spain
- 7.3.5.5.1 Market size and forecast, by by Product Type
- 7.3.5.5.2 Market size and forecast, by by Application
- 7.3.5.5.3 Market size and forecast, by by Distributional Channel
- 7.3.5.6 Rest of Europe
- 7.3.5.6.1 Market size and forecast, by by Product Type
- 7.3.5.6.2 Market size and forecast, by by Application
- 7.3.5.6.3 Market size and forecast, by by Distributional Channel
- 7.4 Asia-Pacific
- 7.4.1 Key trends and opportunities
- 7.4.2 Asia-Pacific Market size and forecast, by by Product Type
- 7.4.3 Asia-Pacific Market size and forecast, by by Application
- 7.4.4 Asia-Pacific Market size and forecast, by by Distributional Channel
- 7.4.5 Asia-Pacific Market size and forecast, by country
- 7.4.5.1 China
- 7.4.5.1.1 Market size and forecast, by by Product Type
- 7.4.5.1.2 Market size and forecast, by by Application
- 7.4.5.1.3 Market size and forecast, by by Distributional Channel
- 7.4.5.2 Japan
- 7.4.5.2.1 Market size and forecast, by by Product Type
- 7.4.5.2.2 Market size and forecast, by by Application
- 7.4.5.2.3 Market size and forecast, by by Distributional Channel
- 7.4.5.3 India
- 7.4.5.3.1 Market size and forecast, by by Product Type
- 7.4.5.3.2 Market size and forecast, by by Application
- 7.4.5.3.3 Market size and forecast, by by Distributional Channel
- 7.4.5.4 Indonesia
- 7.4.5.4.1 Market size and forecast, by by Product Type
- 7.4.5.4.2 Market size and forecast, by by Application
- 7.4.5.4.3 Market size and forecast, by by Distributional Channel
- 7.4.5.5 Malaysia
- 7.4.5.5.1 Market size and forecast, by by Product Type
- 7.4.5.5.2 Market size and forecast, by by Application
- 7.4.5.5.3 Market size and forecast, by by Distributional Channel
- 7.4.5.6 South Korea
- 7.4.5.6.1 Market size and forecast, by by Product Type
- 7.4.5.6.2 Market size and forecast, by by Application
- 7.4.5.6.3 Market size and forecast, by by Distributional Channel
- 7.4.5.7 Singapore
- 7.4.5.7.1 Market size and forecast, by by Product Type
- 7.4.5.7.2 Market size and forecast, by by Application
- 7.4.5.7.3 Market size and forecast, by by Distributional Channel
- 7.4.5.8 Australia
- 7.4.5.8.1 Market size and forecast, by by Product Type
- 7.4.5.8.2 Market size and forecast, by by Application
- 7.4.5.8.3 Market size and forecast, by by Distributional Channel
- 7.4.5.9 Rest of Asia-Pacific
- 7.4.5.9.1 Market size and forecast, by by Product Type
- 7.4.5.9.2 Market size and forecast, by by Application
- 7.4.5.9.3 Market size and forecast, by by Distributional Channel
- 7.5 LAMEA
- 7.5.1 Key trends and opportunities
- 7.5.2 LAMEA Market size and forecast, by by Product Type
- 7.5.3 LAMEA Market size and forecast, by by Application
- 7.5.4 LAMEA Market size and forecast, by by Distributional Channel
- 7.5.5 LAMEA Market size and forecast, by country
- 7.5.5.1 Brazil
- 7.5.5.1.1 Market size and forecast, by by Product Type
- 7.5.5.1.2 Market size and forecast, by by Application
- 7.5.5.1.3 Market size and forecast, by by Distributional Channel
- 7.5.5.2 Chile
- 7.5.5.2.1 Market size and forecast, by by Product Type
- 7.5.5.2.2 Market size and forecast, by by Application
- 7.5.5.2.3 Market size and forecast, by by Distributional Channel
- 7.5.5.3 UAE
- 7.5.5.3.1 Market size and forecast, by by Product Type
- 7.5.5.3.2 Market size and forecast, by by Application
- 7.5.5.3.3 Market size and forecast, by by Distributional Channel
- 7.5.5.4 Saudi Arabia
- 7.5.5.4.1 Market size and forecast, by by Product Type
- 7.5.5.4.2 Market size and forecast, by by Application
- 7.5.5.4.3 Market size and forecast, by by Distributional Channel
- 7.5.5.5 Rest of LAMEA
- 7.5.5.5.1 Market size and forecast, by by Product Type
- 7.5.5.5.2 Market size and forecast, by by Application
- 7.5.5.5.3 Market size and forecast, by by Distributional Channel
CHAPTER 8: COMPANY LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product Mapping of Top 10 Player
- 8.4. Competitive Dashboard
- 8.5. Competitive Heatmap
- 8.6. Key developments
CHAPTER 9: COMPANY PROFILES
- 9.1 Aksu Vital Natural products and Cosmetics
- 9.1.1 Company overview
- 9.1.2 Company snapshot
- 9.1.3 Operating business segments
- 9.1.4 Product portfolio
- 9.1.5 Business performance
- 9.1.6 Key strategic moves and developments
- 9.2 Aromaaz International
- 9.2.1 Company overview
- 9.2.2 Company snapshot
- 9.2.3 Operating business segments
- 9.2.4 Product portfolio
- 9.2.5 Business performance
- 9.2.6 Key strategic moves and developments
- 9.3 DoTERRA
- 9.3.1 Company overview
- 9.3.2 Company snapshot
- 9.3.3 Operating business segments
- 9.3.4 Product portfolio
- 9.3.5 Business performance
- 9.3.6 Key strategic moves and developments
- 9.4 Greenleaf Extractions Pvt Ltd
- 9.4.1 Company overview
- 9.4.2 Company snapshot
- 9.4.3 Operating business segments
- 9.4.4 Product portfolio
- 9.4.5 Business performance
- 9.4.6 Key strategic moves and developments
- 9.5 Lebermuth, Inc
- 9.5.1 Company overview
- 9.5.2 Company snapshot
- 9.5.3 Operating business segments
- 9.5.4 Product portfolio
- 9.5.5 Business performance
- 9.5.6 Key strategic moves and developments
- 9.6 Melaleuca Inc
- 9.6.1 Company overview
- 9.6.2 Company snapshot
- 9.6.3 Operating business segments
- 9.6.4 Product portfolio
- 9.6.5 Business performance
- 9.6.6 Key strategic moves and developments
- 9.7 Mountain Rose Herbs
- 9.7.1 Company overview
- 9.7.2 Company snapshot
- 9.7.3 Operating business segments
- 9.7.4 Product portfolio
- 9.7.5 Business performance
- 9.7.6 Key strategic moves and developments
- 9.8 NOW FOODS
- 9.8.1 Company overview
- 9.8.2 Company snapshot
- 9.8.3 Operating business segments
- 9.8.4 Product portfolio
- 9.8.5 Business performance
- 9.8.6 Key strategic moves and developments
- 9.9 Plant Therapy Essential Oils
- 9.9.1 Company overview
- 9.9.2 Company snapshot
- 9.9.3 Operating business segments
- 9.9.4 Product portfolio
- 9.9.5 Business performance
- 9.9.6 Key strategic moves and developments
- 9.10 Young Living Essential Oils
- 9.10.1 Company overview
- 9.10.2 Company snapshot
- 9.10.3 Operating business segments
- 9.10.4 Product portfolio
- 9.10.5 Business performance
- 9.10.6 Key strategic moves and developments