Spearmint Oil Market Projected to Grow at Steady Rate through (2025)

Overview:

Spearmint is also known as common mint or garden mint, is a species of mint which is native to regions such as European and Asian countries. Spearmint oil is extracted by steam distillation process of from Mentha spicata (common mint or garden mint) which is used in pharmaceutical and perfume industries. Spearmint oil has a similar aroma as that of peppermint oil and appears in greenish color. Spearmint oil consists chemical components such as carvone, b-pinene, a-pinene, 1,8-cineole, limonene, myrcene, and menthol. Carvone is the most abundant ingredient present in spearmint oil which gives a distinctive smell. Spearmint oil consists of therapeutic properties such as antispasmodic, antiseptic, cephalic, carminative, and others. Spearmint oil helps in promoting digestion, oral health and occasional stomach upset. Spearmint oil stimulates improves respiratory circulation, immunity, and provides antioxidant protection. Spearmint oil is also used in vaporizer fluids and as an expectorant to loosen coughs.

Global Spearmint Oil: Market Segmentation

The global spearmint oil market is segmented on the basis of source, form, distribution channel, application, and region. The spearmint oil is segmented on the basis of source such as natural and organic. The organic spearmint oil has various benefits such as antiseptic, antispasmodic, carminative, cephalic and others. The spearmint oil is segmented on the basis of forms such as absolute, concentrates and blends. Spearmint oil blends well with lavender, eucalyptus, rosemary, peppermint, and jasmine. The spearmint oil is also segmented on the basis of application such as pharmaceutical, aromatherapy, food and beverages, cosmetics, toiletries, fragrance, and others. The spearmint oil market is also segmented on the basis of distribution channels such as supermarkets/hypermarkets, specialty stores, online retailers, and others. The global spearmint oil market can also be segmented as an ingredient in dietary supplements, capsules, and others. Hence, the global spearmint oil market is expected to significantly increase the revenue contribution over the forecast period.

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Global Spearmint Oil Market: Regional Outlook

Geographically, the global spearmint oil market is segmented into key regions which include North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and the Middle East and Africa. Globally, among all regions, North America has developed as the dominant region in global spearmint oil market followed by Asia Pacific. Increasing demand for flavors and fragrances in various applications such as food & beverages, aromatherapy, cosmetics, and fragrances has encouraged the demand for essential oils in key markets as the spearmint oil is used as a key ingredient in flavors and fragrances.

Global Spearmint Oil Market: Growth Drivers

The global spearmint oil market major driving factors are increasing demand for spearmint oil in the cosmetics industry for cosmetics coupled with rising number of spearmint oil based pharmaceuticals are expected to significantly increase the revenue contribution of the global spearmint oil market over the forecast period. Spearmint oil is mainly used in medicinal supplements as it contains various properties such as antiseptic, helps in treating diseases related to digestive and oral health. Spearmint oil is widely used in fragrance industry as a component to impart aroma in products such as lotions and perfumes, soaps, and detergents. Spearmint oil has various advantages such as diuretic, inflammatory, antidepressant, and others are projected to boost the spearmint oil demand in various applications. Spearmint oil is widely used in cleaning & home products as a result of its antiseptic and antibacterial properties is one of the key driving factors of the spearmint oil market. Hence, the global spearmint oil market is expected to observe robust growth over the forecast period.

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Global Spearmint Oil Market: Key Players

Some of the key players identified across the value chain of the global Spearmint oil market includes Plant Therapy Essential Oils, Green Fields Oil Factory, Lionel Hitchen Essential Oils, Aromaaz International, IL Health & Beauty Natural Oils Co. Inc., Aksuvital, Shaanxi Guanjie Technology Co., Natures Natural India, Young Living Essential Oils LC, Greenleaf Extractions Pvt Ltd, Biolandes, and others.

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