Mint Extracts Market Projected to Witness a Double-Digit CAGR During 2019 – 2029

Posted by VISHAL PAHURKAR on February 16th, 2021

Mint Extracts Market: Market Outlook

Mint extracts are the herbal extracts which are extracted from the menthe plant. The menthe plat refers to the plant group which comprises the group of 15 to 20 plants species such as peppermint, spearmint and, others. The mint extract is widely used in different industries including the food and beverages, pharmaceutical, Nutraceutical, cosmetics, and others. In food and beverages, mint extracts are used for the flavoring and dressing purposes and also help to cut down the sodium intake in food. The mint extract contains the varieties of health beneficial properties which made it a suitable option to use in food and pharmaceutical industry.

The mint extract is rich in nutrients and minerals, its nutritional breakdown contains nutrients such as fiber, calories, vitamin A, carbohydrates, and others. Apart from that, the mint extract also contains minerals including the iron, manganese, folate, and others. The mint extracts also used in pharmaceutical and Nutraceutical industry as it holds the anti-oxidant, anti-inflammatory properties. It is beneficial to cure the various health problems including the bloating, flu, digestive disorder, and other problems. Furthermore, it is also consumed as a supplement as it can manage to improve the nutritional decomposition in the body.

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Consumer preference towards the health and wellness is beneficial for the mint extracts market

The mint extracts market is driven by the thriving trend of health and wellness among the consumer. The mint extract is presumed to be an advantageous option to enhance the healthiness owing to its various functions and disease protective properties. The anti-oxidant, anti-inflammatory, properties can protect the body when some health problems occur. The consumer is seeking health and nutritional benefits in their food products. And mint extracts is additionally added to the various food products as a flavoring agent and dressing which escalate the nutritional benefits of the food products. Furthermore, the growing utilization of the herbal and natural extracts in food and dietary supplements is among the driving factor for the mint ex in their tracts market. The herbal extracts are increasingly gaining popularity across the world owing to its functional properties. Another factor is growth in the consumption of dietary supplements and functional food is flourishing as a consumer are seeking nutritionally balanced diets. However, the availability of alternatives for mint extracts in the market can hamper the growth of the global mint extracts market.

Global Mint Extracts Market: Segmentation

On the basic of nature, the global mint extracts market has been segmented as –

• Organic
• Conventional

On the basic of form, the global mint extracts market has been segmented as –

• Powder
• Liquid
• Tablets
• Capsules

On the basic of varieties, the global mint extracts market has been segmented as –

• Peppermint
• Spearmint
• Orange mint
• Pineapple mint
• Others

On the basic of application, the global mint extracts market has been segmented as –

• Food and Beverages
  • Bakery and Confectionary
  • Dairy Products
  • Meat Products
  • Others
• Nutraceuticals
• Pharmaceuticals
• Cosmetics
• Others

On the basic of region, the global mint extracts market has been segmented as –

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East & Africa

Global Mint Extracts Market: Key Players

Some of the key players of mint extracts market are Nectar Lifesciences Ltd, Aroma Chemical Services International GmbH, Symrise AG, AuNutra Industries Inc, Grau Aromatics GmbH & Co. KG, H. Erhard Wagner GmbH, Bhagat Aromatics Ltd, S.R.S.Aromatics Ltd, Carrubba INC, Changsha Organic Herb Inc, and others.

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Opportunities for Market Participants in the Mint Extracts Market-

As the demand for health benefits and nutritional food is growing across the world, the market participants will be getting a beneficial opportunity in the global mint extracts market during the forecast period. Since the huge demand for the functional food and beverages is thriving, the use of mint extracts is growing rapidly especially in the developed region. This is offering a better market scenario to the manufacturers in the global mint extracts market.