Key Projections on Pepper Mint Oil Market indicating Industry Size, Demand, Trends and Forecast till 2022

Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth ofPepper Mint Oil Market. The study is titled as “Pepper Mint Oil Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022”, which deeply analyses the global market trends, with historical data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of 2017-2022. For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the GlobalPepper Mint Oil Market.

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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.

Following are the important takeaways from Fact.MR’s report on the global market for pepper mint oil

1) Europe is anticipate to command for the predominant revenue share of the global market during the forecast period, riding at a steady CAGR. This is mainly attributed to increasing popularity of essential oils in Europe. Also, increasing awareness about the countless health benefits of herbal or natural products is favoring the growth of the market in the region. Meanwhile, sales of peppermint oil has also witnessed a healthy uptick in Asia-Pacific excluding Japan (APEJ) region, especially in countries such as India and China.
2) Natural pepper mint oil will continue to have an upper hand over the organic variant throughout the assessment period as the former is projected to account for a staggering 66% market share in terms of revenue over 2022. Over US$ 442 Mn worth natural pepper mint oil is likely to be sold worldwide over the next five years.
3) Based on form, the absolute segment is currently commands for nearly 44% share revenue share of the market. In addition, this segment will remain highly attractive in 2017 and beyond, due to high product quality and purity.
4) The increasing application of pepper min oil in cosmetics, food & beverages, toiletries, therapeutics manufacturing is anticipated to boost the growth of the global market for pepper mint oil in the near future.

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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.

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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This release was published on openPR.