Press release
Pepper Mint Oil Market is Likely to Grow at an Impressive CAGR of Almost 3.9% by 2022
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Following are the important takeaways from Fact.MR’s report on the global market for pepper mint oil.
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, especially in country such as India and China.
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.
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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.
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.
Key players profiled in Fact.MR’ report include doTerra, Bio Extracts (Pvt) Ltd., Lionel Hitchen Essential Oils, IL Health & Beauty Natural Oils Co. Inc., Aksuvital, Shaanxi Guanjie Technology Co., Greenleaf Extractions Pvt Ltd, Green Fields Oil Factory, Natures Natural India, Plant Therapy Essential Oils, Young Living Essential Oils LC, The Lebermuth Company, Aromaaz International, Synthite Industries Ltd. and Biolandes.
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