Mint powder is obtained from the leaves of Mentha plant. It is mostly used as flavoring and nutraceutical agent since Grecian times. It also has a soothing aroma and taste. The mint powder is also used as a nutraceutical agent to treat digestive disorders, nausea, and respiratory problems and increase alertness. The prolonged use of the mint powder has made it a widely used herbal extract. Alternative and herbal medicine market is on a rise and hence, the players of the mint powder market are anticipated to be rewarded because of it.
MARKET DYNAMICS
Various scientific studies have pointed out a lot of application of the mint powder, which will act as a driver for the mint powder market. Mint powder is already a versatile herb used by many industries with very little modification in the process. Hence, a single manufacturer can target a lot of consumer-based industries of the mint powder. Consumption of mint powder across the world will give the local manufacturers a chance to venture into the global market. The mint powder production is simple and mint plants are not susceptible to pest invasion and hence gives a manufacturer a good yield and brings down the manufacturing cost. Thus, all these factors are expected to drive the mint powder market.
MARKET SCOPE
The "Global Mint Powder 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 powder market with detailed market segmentation by type, application, and geography. The mint powder market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading mint powder market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global mint powder market is segmented on the basis of type and application. On the basis of type the market is segmented into organic and non-organic. On the basis of application the market is segmented into food grade, healthcare products, pharmaceutical grade and cosmetic grade.
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 mint powder 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 powder 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 mint powder 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 mint powder market in these regions.
MARKET PLAYERS
The reports cover key developments in the mint powder 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 powder market are anticipated to lucrative growth opportunities in the future with the rising demand for mint powder in the global market. Below mentioned is the list of few companies engaged in the mint powder market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the mint powder 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.
- Bhagat Aromatics Ltd
- Nectar Lifesciences Limited
- Vinayak Ingredients India Pvt Ltd
- Varmora Foods Pvt. Ltd
- Farmvilla Food Industries Pvt Ltd
- National Food 'n' Spices
- SM Heena Industries
- Sarika Ventures Pvt Ltd
- SANTOSH FOOD PRODUCTS
- PentaPure Foods
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.