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Peppermint Oil Market Share, Size, Trends, Industry Analysis Report, By Source (Organic and Natural); By Extraction Method; By Application; By Region; Segment Forecast, 2023 - 2032
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Natures Natural India
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The global peppermint oil market size is expected to reach USD 673.25 million by 2032, according to a new study by Polaris Market Research. The report "Peppermint Oil Market Share, Size, Trends, Industry Analysis Report, By Source (Organic and Natural); By Extraction Method; By Application; By Region; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The widespread product use as a flavoring agent in the food, in pharmaceutical ingredients, and as a fragrance in various cosmetic & hygienic products along with the exponential rise in need for natural aromatic fragrances & flavors in different types of spa &relaxation applications, are among the prominent factors fostering the global market growth.
Moreover, there is an increasing number of companies in pharmaceutical & nutraceutical industries focusing on exploring the potential of peppermint oil for their medicinal properties, to use product in dietary supplements and several over-the-counter medications for conditions such as headaches and irritable bowel syndrome, are also likely to contribute positively towards the market growth.
For instance, in June 2023, ACTIZEET, introduced its new line of pure essential oils in India, that offers a very holistic and natural approach to the well-being. The new range consists wide variety of options from calming lavender and refreshing peppermint and soothing rose.
The exponential growth of e-commerce platforms and direct-to-consumer sales channels all over the world has revolutionized the way peppermint oil is marketed and distributed among consumers, and have bode well for market growth in the recent years. Beside this, growing technological innovations in online retail including virtual reality product experiences and AI-driven personalized recommendations, could also enhance the consumer purchasing experience and creating more revenue opportunities for the global market.
The drastic increase in the number of regulatory compliance and quality standards by major government authorities around the world, which makes the product manufacturers need to adhere to quality standards such as organic certifications and sustainable and good manufacturing practices that ensures product quality and safety, is also pushing the market at rapid pace over the years.
Peppermint Oil Market Report Highlights
Organic segment accounted for largest market share, on account of higher preferences for organic ingredients and plant-based ingredients
Distillation segment held the majority market share, which is driven by its growing adoption as a gentle and non-destructive method for extraction
Aromatherapy segment will grow at highest growth rate, due to growing number of people seeking for effective aromatherapy solutions across the world
North America dominated the global market, owing to presence of leading product producing and exporting countries and higher consumption of organic ingredients
The key market players include Aromaaz International, Green Fields Oil Factory, IL Healthy & Beauty Natural Oils, Lionel Hitchen Essential Oil, and Aksuvital
Polaris Market Research has segmented the peppermint oil market report based on source, extraction method, application, and region:
Peppermint Oil, Source Outlook (Revenue - USD Million, 2023 - 2032)
Peppermint Oil, Extraction Method Outlook (Revenue - USD Million, 2023 - 2032)
Distillation
Carbon Dioxide Extraction
Cold Press Extraction
Solvent Extraction
Others
Peppermint Oil, Application Outlook (Revenue - USD Million, 2023 - 2032)
Therapeutics
Aromatherapy
Food & Beverages
Cosmetics
Fragrances
Cleaning & Home
Others
Peppermint Oil, Regional Outlook (Revenue - USD Million, 2023 - 2032)
North America
U.S.
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Table of Contents
1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
3. Research Methodology
3.1. Overview
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources
4. Global Peppermint Oil Market Insights
4.1. Peppermint Oil Market - Application Snapshot
4.2. Peppermint Oil Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Growing product use in healthcare to treat several issues are likely to propel market growth
4.2.1.2. Growing Demand for Natural Products
4.2.2. Restraints and Challenges
4.2.2.1. The price of peppermint oil can be volatile
4.3. Porter's Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Peppermint Oil Market Application Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis
5. Global Peppermint Oil Market, by Extraction Method
5.1. Key Findings
5.2. Introduction
5.2.1. Global Peppermint Oil Market, by Extraction Method, 2019-2032 (USD Million)
5.3. Distillation
5.3.1. Global Peppermint Oil Market, by Distillation, by Region, 2019-2032 (USD Million)
5.4. Carbon Dioxide Extraction
5.4.1. Global Peppermint Oil Market, by Carbon Dioxide Extraction, by Region, 2019-2032 (USD Million)
5.5. Cold Press Extraction
5.5.1. Global Peppermint Oil Market, by Cold Press Extraction, by Region, 2019-2032 (USD Million)
5.6. Solvent Extraction
5.6.1. Global Peppermint Oil Market, by Solvent Extraction, by Region, 2019-2032 (USD Million)
5.7. Others
5.7.1. Global Peppermint Oil Market, by Others, by Region, 2019-2032 (USD Million)
6. Global Peppermint Oil Market, by Source
6.1. Key Findings
6.2. Introduction
6.2.1. Global Peppermint Oil Market, by Source, 2019-2032 (USD Million)
6.3. Organic
6.3.1. Global Peppermint Oil Market, by Organic, by Region, 2019-2032 (USD Million)
6.4. Natural
6.4.1. Global Peppermint Oil Market, by Natural, by Region, 2019-2032 (USD Million)
7. Global Peppermint Oil Market, by Application
7.1. Key Findings
7.2. Introduction
7.2.1. Global Peppermint Oil Market, by Application, 2019-2032 (USD Million)
7.3. Therapeutics
7.3.1. Global Peppermint Oil Market, by Therapeutics, By Region, 2019-2032 (USD Million)
7.4. Aromatherapy
7.4.1. Global Peppermint Oil Market, by Aromatherapy, By Region, 2019-2032 (USD Million)
7.5. Food & Beverages
7.5.1. Global Peppermint Oil Market, by Food & Beverages, By Region, 2019-2032 (USD Million)
7.6. Cosmetics
7.6.1. Global Peppermint Oil Market, by Cosmetics, By Region, 2019-2032 (USD Million)
7.7. Fragrances
7.7.1. Global Peppermint Oil Market, by Fragrances, By Region, 2019-2032 (USD Million)
7.8. Cleaning & Home
7.8.1. Global Peppermint Oil Market, by Cleaning & Home, By Region, 2019-2032 (USD Million)
7.9. Others
7.9.1. Global Peppermint Oil Market, by Others, By Region, 2019-2032 (USD Million)
8. Global Peppermint Oil Market, by Geography
8.1. Key findings
8.2. Introduction
8.2.1. Peppermint Oil Market Assessment, By Geography, 2019-2032 (USD Million)
8.3. Peppermint Oil Market - North America
8.3.1. North America: Peppermint Oil Market, by Extraction Method, 2019-2032 (USD Million)
8.3.2. North America: Peppermint Oil Market, by Application, 2019-2032 (USD Million)
8.3.3. North America: Peppermint Oil Market, by Source, 2019-2032 (USD Million)
8.3.4. Peppermint Oil Market - U.S.
8.3.4.1. U.S.: Peppermint Oil Market, by Extraction Method, 2019-2032 (USD Million)
8.3.4.2. U.S.: Peppermint Oil Market, by Application, 2019-2032 (USD Million)
8.3.4.3. U.S.: Peppermint Oil Market, by Source, 2019-2032 (USD Million)
8.3.5. Peppermint Oil Market - Canada
8.3.5.1. Canada: Peppermint Oil Market, by Extraction Method, 2019-2032 (USD Million)
8.3.5.2. Canada.: Peppermint Oil Market, by Application, 2019-2032 (USD Million)
8.3.5.3. Canada: Peppermint Oil Market, by Source, 2019-2032 (USD Million)
8.4. Peppermint Oil Market - Europe
8.4.1. Europe: Peppermint Oil Market, by Extraction Method, 2019-2032 (USD Million)
8.4.2. Europe.: Peppermint Oil Market, by Application, 2019-2032 (USD Million)
8.4.3. Europe: Peppermint Oil Market, by Source, 2019-2032 (USD Million)
8.4.4. Peppermint Oil Market - UK
8.4.4.1. UK: Peppermint Oil Market, by Extraction Method, 2019-2032 (USD Million)
8.4.4.2. UK.: Peppermint Oil Market, by Application, 2019-2032 (USD Million)
8.4.4.3. UK: Peppermint Oil Market, by Source, 2019-2032 (USD Million)
8.4.5. Peppermint Oil Market - France
8.4.5.1. France: Peppermint Oil Market, by Extraction Method, 2019-2032 (USD Million)
8.4.5.2. France.: Peppermint Oil Market, by Application, 2019-2032 (USD Million)
8.4.5.3. France: Peppermint Oil Market, by Source, 2019-2032 (USD Million)
8.4.6. Peppermint Oil Market - Germany
8.4.6.1. Germany: Peppermint Oil Market, by Extraction Method, 2019-2032 (USD Million)
8.4.6.2. Germany.: Peppermint Oil Market, by Application, 2019-2032 (USD Million)
8.4.6.3. Germany: Peppermint Oil Market, by Source, 2019-2032 (USD Million)
8.4.7. Peppermint Oil Market - Italy
8.4.7.1. Italy: Peppermint Oil Market, by Extraction Method, 2019-2032 (USD Million)
8.4.7.2. Italy.: Peppermint Oil Market, by Application, 2019-2032 (USD Million)
8.4.7.3. Italy: Peppermint Oil Market, by Source, 2019-2032 (USD Million)
8.4.8. Peppermint Oil Market - Spain
8.4.8.1. Spain: Peppermint Oil Market, by Extraction Method, 2019-2032 (USD Million)
8.4.8.2. Spain.: Peppermint Oil Market, by Application, 2019-2032 (USD Million)
8.4.8.3. Spain: Peppermint Oil Market, by Source, 2019-2032 (USD Million)
8.4.9. Peppermint Oil Market - Netherlands
8.4.9.1. Netherlands: Peppermint Oil Market, by Extraction Method, 2019-2032 (USD Million)
8.4.9.2. Netherlands.: Peppermint Oil Market, by Application, 2019-2032 (USD Million)
8.4.9.3. Netherlands: Peppermint Oil Market, by Source, 2019-2032 (USD Million)
8.4.10. Peppermint Oil Market - Russia
8.4.10.1. Russia: Peppermint Oil Market, by Extraction Method, 2019-2032 (USD Million)
8.4.10.2. Russia.: Peppermint Oil Market, by Application, 2019-2032 (USD Million)
8.4.10.3. Russia: Peppermint Oil Market, by Source, 2019-2032 (USD Million)
8.5. Peppermint Oil Market - Asia Pacific
8.5.1. Asia Pacific: Peppermint Oil Market, by Extraction Method, 2019-2032 (USD Million)
8.5.2. Asia Pacific.: Peppermint Oil Market, by Application, 2019-2032 (USD Million)
8.5.3. Asia Pacific: Peppermint Oil Market, by Source, 2019-2032 (USD Million)
8.5.4. Peppermint Oil Market - China
8.5.4.1. China: Peppermint Oil Market, by Extraction Method, 2019-2032 (USD Million)
8.5.4.2. China.: Peppermint Oil Market, by Application, 2019-2032 (USD Million)
8.5.4.3. China: Peppermint Oil Market, by Source, 2019-2032 (USD Million)
8.5.5. Peppermint Oil Market - India
8.5.5.1. India: Peppermint Oil Market, by Extraction Method, 2019-2032 (USD Million)
8.5.5.2. India.: Peppermint Oil Market, by Application, 2019-2032 (USD Million)
8.5.5.3. India: Peppermint Oil Market, by Source, 2019-2032 (USD Million)
8.5.6. Peppermint Oil Market - Malaysia
8.5.6.1. Malaysia: Peppermint Oil Market, by Extraction Method, 2019-2032 (USD Million)
8.5.6.2. Malaysia.: Peppermint Oil Market, by Application, 2019-2032 (USD Million)
8.5.6.3. Malaysia: Peppermint Oil Market, by Source, 2019-2032 (USD Million)
8.5.7. Peppermint Oil Market - Japan
8.5.7.1. Japan: Peppermint Oil Market, by Extraction Method, 2019-2032 (USD Million)
8.5.7.2. Japan.: Peppermint Oil Market, by Application, 2019-2032 (USD Million)
8.5.7.3. Japan: Peppermint Oil Market, by Source, 2019-2032 (USD Million)
8.5.8. Peppermint Oil Market - Indonesia
8.5.8.1. Indonesia: Peppermint Oil Market, by Extraction Method, 2019-2032 (USD Million)
8.5.8.2. Indonesia.: Peppermint Oil Market, by Application, 2019-2032 (USD Million)
8.5.8.3. Indonesia: Peppermint Oil Market, by Source, 2019-2032 (USD Million)
8.5.9. Peppermint Oil Market - South Korea
8.5.9.1. South Korea: Peppermint Oil Market, by Extraction Method, 2019-2032 (USD Million)
8.5.9.2. South Korea.: Peppermint Oil Market, by Application, 2019-2032 (USD Million)
8.5.9.3. South Korea: Peppermint Oil Market, by Source, 2019-2032 (USD Million)
8.6. Peppermint Oil Market - Middle East & Africa
8.6.1. Middle East & Africa: Peppermint Oil Market, by Extraction Method, 2019-2032 (USD Million)
8.6.2. Middle East & Africa.: Peppermint Oil Market, by Application, 2019-2032 (USD Million)
8.6.3. Middle East & Africa: Peppermint Oil Market, by Source, 2019-2032 (USD Million)
8.6.4. Peppermint Oil Market - Saudi Arabia
8.6.4.1. Saudi Arabia: Peppermint Oil Market, by Extraction Method, 2019-2032 (USD Million)
8.6.4.2. Saudi Arabia.: Peppermint Oil Market, by Application, 2019-2032 (USD Million)
8.6.4.3. Saudi Arabia: Peppermint Oil Market, by Source, 2019-2032 (USD Million)
8.6.5. Peppermint Oil Market - UAE
8.6.5.1. UAE: Peppermint Oil Market, by Extraction Method, 2019-2032 (USD Million)
8.6.5.2. UAE.: Peppermint Oil Market, by Application, 2019-2032 (USD Million)
8.6.5.3. UAE: Peppermint Oil Market, by Source, 2019-2032 (USD Million)
8.6.6. Peppermint Oil Market - Israel
8.6.6.1. Israel: Peppermint Oil Market, by Extraction Method, 2019-2032 (USD Million)
8.6.6.2. Israel.: Peppermint Oil Market, by Application, 2019-2032 (USD Million)
8.6.6.3. Israel: Peppermint Oil Market, by Source, 2019-2032 (USD Million)
8.6.7. Peppermint Oil Market - South Africa
8.6.7.1. South Africa: Peppermint Oil Market, by Extraction Method, 2019-2032 (USD Million)
8.6.7.2. South Africa.: Peppermint Oil Market, by Application, 2019-2032 (USD Million)
8.6.7.3. South Africa: Peppermint Oil Market, by Source, 2019-2032 (USD Million)
8.7. Peppermint Oil Market - Latin America
8.7.1. Latin America: Peppermint Oil Market, by Extraction Method, 2019-2032 (USD Million)
8.7.2. Latin America.: Peppermint Oil Market, by Application, 2019-2032 (USD Million)
8.7.3. Latin America: Peppermint Oil Market, by Source, 2019-2032 (USD Million)
8.7.4. Peppermint Oil Market - Mexico
8.7.4.1. Mexico: Peppermint Oil Market, by Extraction Method, 2019-2032 (USD Million)
8.7.4.2. Mexico.: Peppermint Oil Market, by Application, 2019-2032 (USD Million)
8.7.4.3. Mexico: Peppermint Oil Market, by Source, 2019-2032 (USD Million)
8.7.5. Peppermint Oil Market - Brazil
8.7.5.1. Brazil: Peppermint Oil Market, by Extraction Method, 2019-2032 (USD Million)
8.7.5.2. Brazil.: Peppermint Oil Market, by Application, 2019-2032 (USD Million)
8.7.5.3. Brazil: Peppermint Oil Market, by Source, 2019-2032 (USD Million)
8.7.6. Peppermint Oil Market - Argentina
8.7.6.1. Argentina: Peppermint Oil Market, by Extraction Method, 2019-2032 (USD Million)
8.7.6.2. Argentina.: Peppermint Oil Market, by Application, 2019-2032 (USD Million)
8.7.6.3. Argentina: Peppermint Oil Market, by Source, 2019-2032 (USD Million)
9. Competitive Landscape
9.1. Expansion and Acquisition Analysis
9.1.1. Expansion
9.1.2. Acquisitions
9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
10.1. Aksuvital
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Product Benchmarking
10.1.4. Recent Development
10.2. Aromaaz International
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Product Benchmarking
10.2.4. Recent Development
10.3. Bio Extracts Ltd.
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Product Benchmarking
10.3.4. Recent Development
10.4. Biolandes
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Product Benchmarking
10.4.4. Recent Development
10.5. doTerra
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Product Benchmarking
10.5.4. Recent Development
10.6. Green Fields Oil Factory
10.6.1. Company Overview
10.6.2. Financial Performance
10.6.3. Product Benchmarking
10.6.4. Recent Development
10.7. Greenleaf Extractions Pvt. Ltd.
10.7.1. Company Overview
10.7.2. Financial Performance
10.7.3. Product Benchmarking
10.7.4. Recent Development
10.8. IL Health & Beauty Natural Oils Co.
10.8.1. Company Overview
10.8.2. Financial Performance
10.8.3. Product Benchmarking
10.8.4. Recent Development
10.9. Lionel Hitchen Essential Oil
10.9.1. Company Overview
10.9.2. Financial Performance
10.9.3. Product Benchmarking
10.9.4. Recent Development
10.10. Natures Natural India
10.10.1. Company Overview
10.10.2. Financial Performance
10.10.3. Product Benchmarking
10.10.4. Recent Development
10.11.Synthite Industries Ltd.
10.11.1. Company Overview
10.11.2. Financial Performance
10.11.3. Product Benchmarking
10.11.4. Recent Development
10.12. The Lebermuth Company
10.12.1. Company Overview
10.12.2. Financial Performance
10.12.3. Product Benchmarking
10.12.4. Recent Development
10.13. Young Living Essentials Oils LLC
10.13.1. Company Overview
10.13.2. Financial Performance
10.13.3. Product Benchmarking
10.13.4. Recent Development
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