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Peppermint Oil Market Share, Size, Trends, Growth, Analysis, Research Report and Forecast -2031

11-24-2023 10:10 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Peppermint Oil Market

Peppermint Oil Market

Peppermint Oil Market by by Product Type (Natural Peppermint Oil, Conventional Peppermint Oil), by by Application (Food and Beverages, Medical, Cleaning and Home, Spa and Relaxation, Others), by by Distributional Channel (Direct Distribution, MLM Distribution, Retail Distribution, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." According to the report, the global peppermint oil industry was estimated at $331.7 million in 2021, and is anticipated to hit $658.2 million by 2031, registering a CAGR of 6.6% from 2022 to 2031. The report offers an explicit analysis of the changing market trends, top segments, key investment pockets, value chains, competitive scenarios, and regional landscapes.

๐†๐ž๐ญ ๐ข๐ง๐ฌ๐ข๐๐ž ๐ฌ๐œ๐จ๐จ๐ฉ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ, ๐ซ๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž : https://www.alliedmarketresearch.com/request-sample/14551

Over the last few years, consumer awareness regarding herbal products and food is on the rise. Most of the packaged food available in the market contains a variety of chemicals, some of which are very harmful to health, such as preservatives and flavor additives. Moreover, some preservatives are linked with unfavorable effects, which can cause unpleasant reactions in consumers who are sensitive to a particular preservative or possess a potential increased risk for cancer all such factors results in the peppermint oil market trends.

๐Š๐ž๐ฒ ๐‚๐จ๐ฆ๐ฉ๐š๐ง๐ข๐ž๐ฌ

Aromaaz International
Greenleaf Extractions Pvt. Ltd.
Lebermuth, Inc.
Melaleuca Inc.
Young Living Essential Oils
doTerra
Mountain Rose Herbs
NOW Foods
Aksu Vital Natural Products and Cosmetics
Plant Therapy Essential Oils

The report analyzes these key players in the global peppermint oil market. These players have incorporated various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in assessing the operating segments, their business performance & product portfolio, and so on.

๐๐ฎ๐ฒ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/checkout-final/e6c4671c2279612b80518760c565d08e

Natural peppermint oil is an emerging segment in the peppermint essential market as consumer are Increasing demand for natural flavor across the food and beverage sector significantly drives the demand for natural peppermint essentials. As people are getting aware of the harmful impacts of synthetic flavors and additives used in various food and beverage items, they are opting for products that have natural ingredients.

According to peppermint oil industry analysis, the peppermint oil market size is segmented on the basis of product type, application, distribution channel, and region. By product type, the market is classified into natural peppermint oil and conventional peppermint oil. Among these, natural peppermint oil segment occupied the major share of the market in 2021, and is projected to maintain its dominance during the forecast period.

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:

By region, North America held the major share in 2021, accounting for nearly two-fifths of the global peppermint oil market revenue. Rise in demand by consumers, surge in consumer awareness, and increase in the use of body care & cosmetic products across the region drive the market growth. Asia-Pacific, on the other hand, would cite the fastest CAGR of 8.1% from 2022 to 2031. This is because developing countries such as India, Singapore, and Indonesia are adopting peppermint oils at a significant rate.

๐Š๐ž๐ฒ ๐Ÿ๐ข๐ง๐๐ข๐ง๐  ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ฌ๐ญ๐ฎ๐๐ฒ

By product type, natural peppermint oil had the largest market share in 2021 and is further expected to grow with the highest CAGR during the forecast period.

By application, food & beverage is the most consumed form of peppermint oils; however, the usage of peppermint oils in cleaning & home products is expected to rise in the future.

By distribution channel, the most common method of purchase of peppermint oils is via direct distribution channels while retail distribution channels are gaining more popularity for peppermint oil purchase.

By region, North America is the largest consumer of peppermint oil products; however, Asia-Pacific is expected to grow at the highest CAGR during the forecast period.

๐†๐ž๐ญ ๐˜๐จ๐ฎ๐ซ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐ž๐: https://www.alliedmarketresearch.com/request-for-customization/14551

By product type, the natural peppermint oil segment accounted for nearly three-fourths of the global peppermint oil market share in 2021, and is projected to maintain the lion's share by 2031. This is due to strict regulations regarding food additives and preservatives in various regions encouraging the use of natural essential oils in the food and beverage sector. The conventional peppermint oil segment, on the other hand, would showcase the fastest CAGR of 7.0% from 2022 to 2031. This is because it is less expensive and contains little to no pesticides.

๐‚๐ก๐ž๐œ๐ค ๐จ๐ฎ๐ญ ๐ฆ๐จ๐ซ๐ž ๐ซ๐ž๐ฅ๐š๐ญ๐ž๐ ๐ฌ๐ญ๐ฎ๐๐ข๐ž๐ฌ ๐ฉ๐ฎ๐›๐ฅ๐ข๐ฌ๐ก๐ž๐ ๐›๐ฒ ๐€๐Œ๐‘ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Cooking Oils & Fats Market - https://www.globenewswire.com/en/news-release/2022/06/01/2454312/0/en/Global-Cooking-Oils-Fats-Market-Is-Expected-to-Reach-104-66-Billion-by-2031-Allied-Market-Research.html

Textured Soy Protein Market - https://www.globenewswire.com/en/news-release/2020/05/14/2033654/0/en/Global-Textured-Soy-Protein-Market-to-Reach-2-1-Billion-by-2026-Allied-Market-Research.html

Dietary Fibers Market - https://www.globenewswire.com/en/news-release/2021/10/13/2313528/0/en/Global-Dietary-fibers-market-to-Hit-21-67-Billion-by-2030-Allied-Market-Research.html

Anti-Caking Agents Market - https://www.prnewswire.com/news-releases/anti-caking-agents-market-to-reach-2-1-bn-globally-by-2031-at-6-4-cagr-allied-market-research-301685023.html

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ:

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๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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