Press release
Global Pepper Mint Oil Market Forecast for Incremental CAGR Growth by 2022
Fact.MR
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Pepper mint oil is extracted through distillation of peppermint leaves or stems. Traditionally, the oil has been extensively used as an alternative or herbal medicine. Therapeutic benefits of the product has led to development of a slew of new medicinal items. In the recent years, demand for pepper mint oil products has surged to a significant extent. These products are used for soothing muscle pain, sinus, headache, cold and stimulating body metabolism among others. In addition, the oil finds widespread application in oral care product manufacturing because of its cooling properties and ability to tranquilize toothache, moreover, it remains a key ingredient in mouth freshener products. Also, pepper mint oil is used in preparation of flavoring agents. In many occasions, it is added in various processed food items as a natural food additive. Among its other usage, the product is considered as an essential aromatherapy ingredients, which can help stimulate and relax the human body. Owing to a positive outlook of its role in maintaining a healthy skin tone, various skincare products are available in the market with pepper mint oil content as well. As per the latest Fact.MR report, the global market for pepper mint oil will ride at CAGR of 3.9% over the forecast period (2017-2022).
In terms revenue, Europe is projected to remain the most lucrative market for pepper mint oil throughout the forecast period, and register an above average CAGR. This is primarily owing to the strong consumer preference for essential oils in the region. In Europe, consumers are rapidly shifting towards herbal products owing to increasing awareness about their health benefits. Demand for peppermint oil is also gaining traction in Asia Pacific due to emergence of massive markets in China and India.
The natural pepper mint oil will continue to outsell the organic variant in 2017 and beyond. Global sales of natural peppermint oil is expected to account for 66% revenue share of the market towards the end of 2022, reaching a valuation in excess of US$ 442 Mn.
On the basis of form, the global sales of pepper mint oil in absolute form currently accounts for around 44% market share in terms of revenue and anticipated to gain 33 BPS by 2022 over 2017. Wider application of pepper mint oil in food & beverages, therapeutics, aromatherapy toiletries, cosmetics and fragrances is expected to be instrumental for the future prospects of the market.
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Scope
The prime focus of Fact.MR’s report is to provide readers with an unbiased and accurate analysis of current market status of pepper mint oil, along with future growth estimations. Pepper mint oil producers, suppliers, and distributors in the global market will benefit from the insights offered in this report. A detailed guide has been formulated in this report, which can attract the interest of top trade magazines and journals pertaining to pepper mint oil.
Competition Tracking
Plant Therapy Essential Oils, Lionel Hitchen Essential Oils, Green Fields Oil Factory, IL Health & Beauty Natural Oils Co. Inc., Aromaaz International, Aksuvital, Natures Natural India, Shaanxi Guanjie Technology Co., Young Living Essential Oils LC, Biolandes, Greenleaf Extractions Pvt Ltd, The Lebermuth Company, Synthite Industries Ltd., doTerra and Bio Extracts (Pvt) Ltd. are among the top companied operating in the global pepper mint oil market.
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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Food & Beverages Market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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