Peppermint Oil Market is expected to register a healthy CAGR of 5.2% during the

Posted by Pradnya on July 31st, 2019

The latest market report, titled ‘Peppermint Oil Market: Global Industry Analysis (2013-2017) and Forecast (2018-2027)‘ by Persistence Market Research (PMR), gives key insights on the global peppermint oil market. In terms of value, the global peppermint oil market is expected to register a healthy CAGR of 5.2% during the forecast period, with various forecasting parameters, regarding which, PMR gives important market insights in detail.

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Factors such as increase in the demand for natural and organic additives in food and beverages as well as cosmetics products, increasing health concerns, and stature of aromatherapy are driving the global peppermint oil market. The food and beverages segment holds a major share in the peppermint oil market, due to an increase in the demand for natural flavors in food and beverages. Refreshing peppermint flavor is high in demand, and thus, is used in various beverages and confectionaries. Peppermint oil is used in the production chewing gum, candies, sweets, and ice cream, as well as in tea and liquor. Peppermint oil also serves as a natural preservative, owing to its anti-bacterial activity.

Increasing Stature of Aromatherapy

The use of peppermint oil is expected increase robustly in aromatherapy. Aromatherapy is the use of aromas from substances such as natural essential oil for relaxation and rejuvenation, as well as for the treatment some minor health issues. Peppermint oil is known to reduce anxiety and restlessness, as well as boost memory and improve alertness. Peppermint oil is also used as a painkiller as well to comfort stress and relax the nervous system, and hence, is preferred by consumers in aromatherapy. The demand for peppermint oil is increasing as a convenient, harmless, and natural alternative to synthetic chemicals that are used in perfumers, massages, showers, etc. The popularity of aromatherapy is increasing among the urban population, especially in the working population. The increasing stature of aromatherapy is a vital driving factor for the peppermint oil market.