Global Mint Essential Oils Market by Product (Spearmint, Cornmint, Peppermint, Dementholized Peppermint), by Usage (Direct, Indirect) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global mint essential oil demand reached USD 177.88 millions in 2018, and is forecast to grow at 9.2% CAGR during the forecast period. The future growth in demand for essential oils is expected to be notable due to the significant increase in end-use industries such as aromatherapy and personal care, cosmetics, and food and beverages. The growth of the industry will be fueled by technological advances in oil extraction techniques.

The market's top application segment was spa and relaxation. This market includes several sub-segments such as aromatherapy and massage oils, personal care products, including cosmetics, toiletries, and fragrances. A significant share of the market for mint essential oils is also held by food and beverage applications, such as bakery, confectionery and dairy, ready-to eat meals, snacks, meat, poultry and seafood.

There are many factors that have contributed to the increase in organically extracted oils used in cosmetic and personal care industries.

The popularity of natural plant extract-based healing therapies such as aromatherapy and spa has increased due to increasing urbanization. This has led to a greater product penetration in aromatherapy and stress relief spas. The future is expected to see an increase in demand for aromatherapy due to the changing lives of urban residents and growing media influence.

Product Insights

In 2018, cornmint oil was the fastest-growing product segment. Other names for cornmint essential oil include Japanese mint and field mint. The oil is obtained from Mentha Arvensis by steam distillation of the leaves and other parts. It has many applications in the end-use industries, such as spa & relaxation and food & beverage. The amount of menthol you can extract from cornmint oil is much higher than other mint essential oils. Cornmint oil also costs less than peppermint. The menthol-like, minty scent of cornmint oil is comparable to that of peppermint.

Menthone, isomenthone and limonene are the main constituents of cornmint oils. L-menthol is the main chemical component in cornmint oil. It is used to make shampoos, body lotions and shaving creams. This essential oil can also be used in aromatherapy because of its nervine, stimulant properties. It is useful for memory lapses and mental fatigue.

Corn mint oil can also be used in massage and perfumery. Its antimicrobial, antiphlogistic and antispasmodic properties make it an important ingredient in natural and ayurvedic medicine. Natural perfumery can benefit from the strong, herbaceous and minty aroma of cornmint essential oils. This broad range of uses for mint essential oil is expected to drive segment growth during the forecast period.

The versatility of peppermint essential oil is what makes it one of the most popular essential oils. It can be used topically or internally. Peppermint oil is very popular with household consumers who use it for its soothing aroma, to repel insects and as a flavoring agent in dishes. Its aromatherapy benefits are expected to continue to drive the market for peppermint oil in the future.

Application Insights

In 2018, the largest market share was held by spa and relaxation applications. Mint essential oils are used mainly as flavoring agents and additives in cosmetics and personal-care products. The application of mint essential oil in personal care products such as shampoos, soaps, and perfumes to toiletries adds value and aroma. These factors will drive demand for the product over the next few years.

One of the most important uses of mint essential oil is for general hygiene. These oils can be used in shampoos, soaps, toothpastes, and other oral health care products. The increasing awareness about organic and natural products is driving their use in personal care applications. They are used in aromatherapy, natural plant extract-based therapeutic treatments and personal care.

Food and beverages emerged as the second-largest application segment in terms value in 2018. It is expected to see significant CAGR during the forecast period. Mint essential oils are used in food and beverage mainly for their minty taste and aroma. Mint essential oils have been used in foods and beverages to infuse them with therapeutic benefits. These essential oils have anti-microbial and antioxidant properties that will lead to increased product use in the near future.

Useage Insights

The market for mint essential oils can be divided into two types based on their usage. The direct usage allows the consumer to purchase products directly from the manufacturer, while indirect usage requires other market players like distributors or suppliers. The product has seen a significant increase in sales over the last few years due to increased awareness about its many benefits.

The increasing number of convenience stores, discount shops, home centers, accessory shops, and other retail stores has led to increased product penetration in all geographies. Many wholesalers and importers have launched their online stores in addition to existing over-the counter products. Online sales are expected to become more complex due to the increasing focus on them. Over the forecast period, internet-based online usage will experience lucrative growth. In the near future, traditional usage will likely decline.

Regional Insights

In 2018, Europe was the top-performing region in terms of revenue. Over the forecast period, the main driver of regional growth will be the strong presence in the region of established industries like personal care, cosmetics, flavors and fragrances. Key end-use industries are being developed in areas that have been economically advanced early and enjoy a higher standard of living. The demand for regional products will be driven by a growing preference for natural ingredients.

Market growth has been further accelerated by the presence of European regulatory bodies such as the European Federation of Mint Essential Oils, which protects and promotes the interests of all stakeholders throughout the value chain. The EU Parliament and EU Commission are also discussing the possibility of amending or introducing legislations related to these oils. These regulatory trends are positive for the market.

Market Share Insights & Key Companies

Global market fragmentation is evident due to the presence of many market players, including Flavex Naturextrakte GmbH (HRF), Flavex Reynaud & Fils), India Essential Oils and Sydney Essential Oil Co. Vertical integration in raw material sourcing and manufacturing as well as technological advances are two of the key factors driving the market competition.

The market is consolidating with an increasing number of mergers and acquisitions of mint cultivation or distribution businesses. New players face higher barriers to entry due to the high cost of capital and advanced technology. This will likely lower the risk of new entrants. Markets are also characterised by balance between production capacities of different players. This will reduce competition for profit margins among market players.

Mint Essential Oils Market Report Scope

The Report Covers Certain Segments

This report forecasts revenue growth and volume growth at global, regional and country levels. It also provides analysis of industry trends for each sub-segment from 2014-2025. Grand View Research segmented the global market for mint essential oils based on product, application, use, and region.

• Product Outlook (Volume and Tons; Revenue, USD Millions, 2014-2025)

  • Cornmint Oil

  • Peppermint Oil

  • Spearmint Oil

  • Peppermint oil dementholized

• Application Outlook (Volume and Tons; Revenue, USD Millions, 2014-2025)

  • Medical

    • Pharmaceutical

    • Nutraceuticals

  • Food & Beverages

    • Bakery

    • Confectionery

    • Dairy

    • RTE meals

    • Beverages

    • Seafood, Poultry, and Meat

    • Snacks & Nutritional Bars

  • Spa & Relaxation

    • Aromatherapy

    • Massage Oil

    • Personal Care

      • Cosmetics

        • Hair Care

        • Skin Care

        • Sun Care

        • Cosmetics for makeup and color

      • Toiletries

        • Soaps

        • Shampoos

        • Grooming for Men

        • Oral Care

        • Baby Care

      • Fragrances

        • Parfums

        • Body sprays

        • Fresheners for the air

  • Cleaning & Home

    • Kitchen Cleaners

    • Floor Cleaners

    • Bathroom cleaner

    • Fabric Care

• The Usage Outlook (Volume and Tons; Revenue, USD Millions, 2014-2025)

  • Direct Use

  • Indirect Use

• Regional Outlook (Volume and Tons; Revenue USD Thousands, 2014-2025)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • France

    • U.K.

  • Asia Pacific

    • China

    • India

    • Japan

    • Taiwan

    • South Korea

    • Singapore

    • Australia

  • Middle East & Africa

  • Central America

  • South America

These are the most frequently asked questions about this report

b. Global mint essential oils market was valued at USD 194.2 Million in 2019, and is forecast to grow to USD 212.1 Million in 2020.

b. Global mint essential oils sales are expected to increase at a compound annual rate of 9.2% between 2019 and 2025, reaching USD 330.0 million in 2025.

b. With a share of 67.2%, cornmint dominated mint essential oils in 2019, This is due to its positive properties, lower menthol content and lower prices compared to peppermint oil.

b. Reynaud & Fils is one of the major players in the market for mint essential oils. Flavex Naturextrakte, GmbH, India Essential Oils and Sydney Essential Oil Co. (SEOC), Moksha Lifestyle Products and Rocky Mountain Essential Oils are also key players.

b. The market's growth is being driven by notable growth in the end-use industries like aromatherapy, personal care, cosmetics, and pharmaceuticals.

Up Market Research published a new report titled “Mint Essential Oils Market research report which is segmented by Product (Spearmint, Cornmint, Peppermint, Dementholized Peppermint), by Usage (Direct, Indirect), By Players/Companies India Essential Oils, Sydney Essential Oil Co (SEOC), Rocky Mountain Essential Oils, Moksha Lifestyle Products, Reynaud & Fils (HRF), Flavex Naturextrakte GmbH”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Mint Essential Oils Market Report Segments:

The market is segmented by Product (Spearmint, Cornmint, Peppermint, Dementholized Peppermint), by Usage (Direct, Indirect).

Mint Essential Oils Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Mint Essential Oils Market

Overview of the regional outlook of the Mint Essential Oils Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Mint Essential Oils Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Mint Essential Oils Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Spearmint

                2. Cornmint

                3. Peppermint

                4. Dementholized Peppermint

                1. Direct

                2. Indirect

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Mint Essential Oils Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Mint Essential Oils Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.