Specialty Mint Oils Market

Specialty Mint Oils Market Snapshot

The global specialty mint oils market size is expected to reach US$ 19.3 Billion in 2022 and exhibit astonishing growth at a CAGR of 8.6% in the forecast period. Rapid expansion of the pharmaceuticals, personal care, and aromatherapy industries worldwide is set to push sales of specialty mint oils in future. As per FMI, the specialty mint oils market is likely to be valued at US$ 24.9 Billion in 2032.

Specialty mint oil, also known as peppermint oil is extracted from the dried herb of mint with the help of the steam distillation process. Though the plant is native to Europe, it is nowadays cultivated in various part of the globe.

Increasing usage of this type of oil in numerous applications, such as candies, insect repellents, teas, aromatherapy, chewing gums, chocolate, and oral care products is anticipated to propel the demand for specialty mint oils in the upcoming years.

Research studies have also found that specialty mint oils are capable of treating digestive problems, such as irritable bowel syndrome. The ongoing technological advancement in the field of oil extraction methods is likely to drive the production of specialty mint oils in near future.

How Are Oral Care Product Companies Pushing the Specialty Mint Oils Market Growth?

The increasing prevalence of dental caries among both children and adults is likely to push the sales of oral care products in future. Specialty mint oil helps in effectively killing anaerobic bacteria that often live in the low-oxygen environment of one’s gums. Thus, oral care product manufacturers are increasingly focusing on developing new toothpastes and mouth-fresheners infused with these oils to prevent oral health problems and gum diseases.

As per the Centers for Disease Control and Prevention (CDC), nearly 47.2% of adults belonging to the age group of 30 years and above have some form of periodontal disease in the U.S. alone. The condition is more common in men (56.4%) than in women (38.4%). These numbers are estimated to surge at a fast pace in the assessment period, thereby augmenting the global specialty mint oils market growth.

Which Factors May Hamper the Specialty Mint Oils Market Growth?

A small dose of specialty mint oil in skin preparations and dietary supplements appear to be safe in most adults. Breastfeeding and pregnant women, on the other hand, are recommended to avoid such products as very little is known about their safety. Some of the possible side-effects of these oils include anal burning, heartburn, bouts of diarrhea, mouth sores, headache, and flushing. Spurred by the aforementioned factors, sales of specialty mint oils are expected to surge in future.

Nandini Roy Choudhury

Principal Consultant

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How is the Demand for Natural Ingredients Augmenting the Europe Specialty Mint Oils Market?

Europe is expected to generate the largest specialty mint oils market share in the evaluation period. This growth is attributable to the presence of various well-established end-use industries, such as flavors & fragrances and personal care & cosmetics in the U.K., Germany, and Italy.

The high standard of living and the increasing demand for natural ingredient-based products in these countries are projected to bode well for the regional market. In addition to that, the surging entry of various small-scale companies providing novel products is likely to aid growth.

Are Wholesalers and Importers Boosting the North America Specialty Mint Oils Market?

Rising number of accessory shops, home centers, convenience stores, and discount stores in the U.S. and Canada is likely to drive the demand for specialty mint oils across North America in future years. Several importers and wholesalers are set to develop their own online retail sites along with their brick-and-mortar stores in this region. This is further expected to increase product penetration and boost the market.

Moreover, the growing usage of specialty mint oils in soaps, shampoos, and baby products owing to the increasing awareness about the benefits of using natural ingredients in personal care products is anticipated to augment growth. The trend of aromatherapy among millennials across North America is another major factor that would foster growth.

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Market Competition

Some of the leading companies present in the global specialty mint oils market include Paras Perfumers, Lebermuth, AOS Products, Bhagat Aromatics, Aromatic and Allied Chemicals, Arora Aromatics, Elixarome, Hindustan Mint and Agro Products, Foodchem International, De Monchy Aromatics, Essex Laboratories, Vinayak Ingredients, and Shanti Chemicals among others.

The majority of the leading players in the market are engaging in mergers and acquisitions with local companies that are involved in distribution business or mint cultivation business. The global market is gradually moving towards consolidation with the entry of several new players and the development of innovative manufacturing facilities across the globe. Also, a few other companies are focusing on expanding their distribution networks in untapped areas.

Report Scope

Key Segments Profiled in the Specialty Mint Oils Industry Survey

By Form:

• Oral Products
• Confectionary Products
• Pharmaceutical Products
• Tobacco Products
• Fragrance Products

By End Use:

• Food Industry
• Pharmaceutical Industry
• Cosmetics Industry
• Personal Care
• Skin & Hair Creams
• Massage
• Aromatherapy
• Cosmetics
• Nail Care

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East and Africa