Press release
Peppermint Oil Market Highlighting Lucrative Avenues Across Major Geographies during 2017-2022
Peppermint oil market is estimated to grow at a steady pace while reporting a CAGR of 3.9% during the forecast period of 2017 - 2022. As per Fact.MR valuation, growing preference for complementary and alternative medicines and increasing reliance on natural remedies are few of the vital fillips responsible for the US$ 671 Mn market for peppermint oil by the end of 2022.Recognition of peppermint oil as a GRAS product is another key factor responsible for the increasing adoption of peppermint oil across industries, particularly aromatherapy, F&B and therapeutics.
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According to Fact.MR study, aromatherapy, therapeutics and F&B industries will report considerable demand for peppermint oil during the forecast. Aromatherapy will continue to account for the highest demand while therapeutics is expected to follow the trail by 2022 end. Growing preference for complementary and alternative medicines is one of the prime factors identified which is responsible for generating greater demand for peppermint oil in aromatherapy and therapeutic applications.
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Competitive Landscape
The competitive landscape section of the peppermint oil market provides the users with a concise list of the market players in the peppermint oil marketplace. Few of the profiled players in the peppermint oil market report are 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 companies operating in the global peppermint oil market.
The peppermint oil market is marked by manufacturers engaged in foraying new business ventures, procuring certifications and strengthening their R&D facilities. For example, in 2017, Synthite Group, a global provider of spices and essential oil ventured into the personal care segment and is likely to begin the production of soaps and hair oil. The Lebermuth Company has recently received a Safe Quality Food (SQF) certification which is expected to enhance consumer trust of Lebermuth’s fragrance and flavor ingredients. Another global leader in the peppermint oil market, doTERRA, recently inaugurated an Agriculture Laboratory in Nepal with an aim to contribute to strengthening agriculture education and increasing farmers’ access to advanced technology.
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About the Report
Fact.MR has compiled a study of the peppermint oil market and published a report titled, “Peppermint Oil Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022”. The peppermint oil market report delivers a comprehensive analysis of the peppermint oil market which includes a thorough assessment of prevailing trends in the essential oil industry, future opportunities, market drivers and challenges are covered.
Additional Questions Answered
In addition to the aforementioned key insights of the peppermint oil market, the report also covers other vital facets that hold prominent influence in transforming the global landscape of the peppermint oil market during the forecast period 2017 – 2022.
How is the changing legislation regarding the use of natural ingredients in the F&B and therapeutics industries impacting the peppermint oil marketplace?
Which will be leading region in the peppermint oil market during the forecast period?
Amid the growing demand for peppermint oil, which will be the most preferred distribution channel during the forecast in the peppermint 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 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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