Mint is a perennial herb native to the Mediterranean but has also been cultivated in the USA, Great Britain, Italy, and Japan. The plant can be identified by its serrated leaves and flowers that range in color from light pink to mauve, growing in a conical shape. Mint essential oil is multi-purpose. The most active components of mint essential oil are menthone and menthol, which are known to reduce pain and to invigorate, energize, and prevent the growth of harmful bacteria. There are numerous applications for which mint essential oil can be used, including cosmetics, relaxing baths, aromatherapy, and as a cleaning agent around the house.
MARKET DYNAMICS
The mint essential oils market has witnessed significant growth owing to factors such as increasing demand from the personal care industry and aromatherapy. The rise in demand for natural ingredients and growing demand from emerging countries further propel the demand for mint essential oils market. Moreover, increased demand for food & beverage and cosmetic applications provides a huge market opportunity for the key players operating in the mint essential oils market. However, depletion of natural resources and side effects associated with mint essential oils is projected to hamper the overall growth of the mint essential oils market.
MARKET SCOPE
The "Global Mint Essential Oils Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the mint essential oils market with detailed market segmentation by product, application and geography. The global mint essential oils market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading mint essential oils market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global mint essential oils market is segmented on the basis of product and application. On the basis of product, the mint essential oils market is segmented cornmint oil, peppermint oil, spearmint oil, and dementholized peppermint oil. Based on application the global mint essential oils market is divided into medical, food and beverages, spa and relaxation, cleaning and home and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global mint essential oils market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The mint essential oils market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the mint essential oils market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the mint essential oils market in these regions.
MARKET PLAYERS
The reports cover key developments in the mint essential oils market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from mint essential oils market are anticipated to lucrative growth opportunities in the future with the rising demand for mint essential oils in the global market. Below mentioned is the list of few companies engaged in the mint essential oils market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the mint essential oils market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- AOS Products Pvt., Ltd.
- Flavex Naturextrakte GmbH
- Foodchem International Corporation
- Hindustan Mint & Agro Products
- India Essential Oils
- Reynaud & Fils (HRF)
- Rocky Mountain Essential Oils
- Sydney Essential Oil Co. (SEOC) Moksha Lifestyle Products
- The Lebermuth Company, Inc.,
- Vinayak Ingredients (India) Private Limited
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.