Mint, also known as Mentha, is a genus of plants in the family Lamiaceae. Aproximately 13 to 24 species of mints exist across the world. Hybridization occurs naturally where some species range overlap. The genus has a subcosmopolitan distribution across Europe, Africa, Asia, Australia, and North America. This plant is mostly grown in wet environment and moist soil. It grows upto 10 to120 cm long and mints are aromatic. The most common and popular mint for commercial cultivation are papermint, native spearmint, scotch spearmint, and cornmint. Mints are widely used in teas, beverages, jellies, syrups, candies, and ice creams. Mint essential oil and menthol are extensively used as flavoring agent in mouth fresheners, drinks, antiseptic mouth rinses, toothpaste, chewing gum, desserts, and candies, such as mint (candy) and mint chocolate. Mint is also used in traditional medicine, aromatotherapy, and cosmetics & personal care products.
MARKET DYNAMICS
The mints market has witnessed a significant growth owing to factors such as increasing consumer preference for mint products. Also, mints finds its applications in several end use industries such as nutraceuticals & pharmaceuticals, aromatotherapy, cosmetics & personal care, and in food & beverages industries, which is further driving the demand of the market. Significant growth in the food processing industries in emerging countries is also adding inputs to the growth of mints market. However, climatic changes hampers the cultivation of mint plants, which has impacted the growth of mints market. Nevertheless, with the robust growth of e-commerce, industry players are displaying their products or running businesses through online channels so as to attract more customers, to reduce costs of inventory management, and to monitor the consumers' buying habit and interest.
MARKET SCOPE
The "Global Mints 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 mints market with detailed market segmentation by product type, distribution channel, and geography. The global mints market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading mints market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global mints market is segmented on the basis of product type and distribution channel. On the basis of product type, the mints market is segmented into power mints and standard mints. The mints market on the basis of the distribution channel is classified into supermarkets/hypermarkets, convenience stores, pharmacies, specialist retailers, and other distribution channels.
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 mints 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 mints 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 mints 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 mints market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global mints market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the 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 mints market are anticipated to lucrative growth opportunities in the future with the rising demand for mints in the global market. Below mentioned is the list of few companies engaged in the mints market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the mints 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.
- Dugar Overseas Pvt. Ltd
- Ferndale Confectionery Pty Ltd
- Ferrero
- Mars Incorporated
- Mondelez International Inc.
- Perfetti Van Melle
- Ricola Ltd
- The Hershey Company
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.