How Much Revenue Mint Essential Oil Market Will Generate Globally Till 2025?

Posted by Mrudula Anil Karmarkar on January 24th, 2022

The global mint essential oil market demand is estimated to reach USD 330.02 million by 2025, registering a CAGR of 9.2% over the forecast period, according to a new report by Grand View Research, Inc. The product\'s demand is anticipated to reach 66.38 kilotons by 2025. Rising demand for flavoring agents in a diversified range of end-use industries, such as food and beverage, pharmaceuticals, and personal care and cosmetics is expected to fuel the growth. Growing research and development pertaining to the beneficial applications of mint oils coupled with the technological advancements in methods of extraction such as steam distillation have resulted in a significant rise in mint oil production for commercial applications. This factor is projected to fuel the growth of the mint essential oil market over the forecast period.

The varying amounts of menthol present in mint oils is known to have different antimicrobial activity and beneficial properties. Additionally, menthol from mint essential oil is used as a key flavor and fragrances ingredient in personal care and cosmetics, medicines, and perfumes. Increasing demand for flavoring agents in food and beverage is likely to propel the consumption of product in food and beverage industry. Several overall health benefits related with essential oils are projected to drive the demand for essential oils in pharmaceutical and medical applications.

The market has been expanding with emerging applications of mint essential oil in insect repellants and cigarettes. They are increasingly being used in the production of menthol flavored cigarettes. Also, cornmint oil, dementholized oil, peppermint oil, and spearmint oil have been reported to showcase effective repellency against mosquitoes and insects. This factor has increased their application in natural insect/mosquito repellants. Further, cornmint essential oil is the most preferred oil among the flavor & fragrances industries for its minty flavor and extraction of menthol, while peppermint oil market is expected to grow owing to the rising popularity of the oil amongst household consumers as a food ingredient and aromatherapy

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Noteworthy growth of end-use industries, such as aromatherapy, personal care and cosmetics, pharmaceuticals and food and beverage are expected to propel the product demand in the forthcoming years. Rapid technological advancements in oil extraction methods is anticipated to fuel the production and positively influence the growth.Spa and relaxation emerged as the top application segment of the market. It includes various sub-segments, such as aromatherapy, massage oils, and personal care products including cosmetics, toiletries and fragrances. Food and beverage applications such as bakery, confectionery, dairy, ready-to-eat meals, beverages, meat, poultry, seafood, snacks, and nutritional bars also hold a significant consumer share of the mint essential oil market.

Mint Essential Oil Market Report Highlights

• In terms of revenue, the consumption of cornmint oil through direct sales is poised to grow at a CAGR of 8.1% in food & beverages
• Cornmint oil emerged as the dominant product segment with a market share of more than 60% in terms of revenue in 2018
• U.S. occupies a significant market share, stimulated by growing inclination toward preventive healthcare in the country

• ADM WILD Europe GmbH & Co.KG; Essex Laboratories LLC.; and Lebermuth, Inc. which are some of the established players in terms of their value chain, regional presence, and product portfolio

The global market is significantly fragmented with the presence of a number of market participants, such as Reynaud & Fils (HRF), Flavex Naturextrakte GmbH, India Essential Oils, Sydney Essential Oil Co. (SEOC), Moksha Lifestyle Products, and Rocky Mountain Essential Oils among various others. Vertical integration for raw material sourcing, manufacturing, and distribution coupled with the completion for technological advancements are some of the factors fueling the market competition.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.