Global Mint Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Product Type (Peppermint, Spearmint, Others), By Distribution Channel (Online, Offline (Supermarkets/Hypermarkets, Grocery Stores, Others)), And By Geography - Forecasts From 2022 To 2027

Published:  Oct 2022 Report Code: KSI061613629 Pages: 135

The global mint market is projected to grow at a CAGR of 5.74% to reach US$8.527 billion by 2027, from US$5.770 billion in 2020.

Increasing concerns among individuals to consume healthy food and improve oral hygiene are causing a surge in demand and pushing the market growth.

A majority of consumers these days prefer to consume sugar-free mints in order to maintain oral health and keep their teeth and gums healthy by consuming breath mints and chewing gums which sometimes contain substances such as Xylitol, among others, in order to aid in the whitening of teeth.

Therefore, these factors are leading to an increase in the demand for mint and are bolstering the market growth over the forecast period. In addition, some individuals are consuming power mints or stronger mints due to the prevalence of bad breath or other symptoms in order to mask the odours and to keep their mouths fresh and free from bacteria.

Furthermore, the usage of mint in different foods and beverages is associated with a ton of health benefits. Its usage is being promoted by chefs, restaurants, and people globally. Some health benefits include relief from a condition such as nausea, headaches, respiratory disorders (for example, coughs), and depression. Additionally, it is preferred in beauty and cosmetic products to aid in the improvement of skin texture and the removal of acne.

The popularity of using mint in different global cuisines with food, beverages, and snacks is a contributing factor

Mint is an increasingly popular condiment used in different cuisines to provide a distinct taste to different dishes and improve its flavour profile. Mint is used in dips used to serve different types of chips, or mint can be used as a garnish on meat with a spicy and earthy taste to provide a cool zing to it.

In addition, mint is used in bakery items and desserts with chocolate and other sweeter ingredients to provide a cool but sweet flavour. Consequently, mint is cool in nature and is extensively used in countries with hotter climates to cool the beverages to provide a fresh and cooling sensation to the body and help lower the perspiration levels and the temperature of the body. Thus, these widespread uses contribute to market growth over the forecast period.                                                      

Product Offerings by Major Market Players in the Mint Market

The offering of better varieties of mint with enhanced properties, such as quality and flavour, among others, by existing and new players are estimated to lead to increased adoption and propel the market growth further over the forecast period.

Some of the examples of product offerings are as follows:

  • McCormick & Company, Inc., which is among one of the leading producers and sellers of herbs and spices, offers their product, which is called the “MCCORMICK GOURMET ORGANIC MINT.”This is an organic product that can add a subtle and sweeter taste to the food and adds a cooling and soothing effect to beverages and vegetables, among other items.
  • KEYA FOODS, a company based in India that deals with the production and sale of spices and herbs, offers a wide range of products under its portfolio. It offers a product called the “KEYA Mint.”This product is extensively used in Mughlai and North Indian cuisines to impart robust flavours to meat, chicken, salads, and desserts globally, such as ice cream and some beverages, among others.
  • Perfetti Van Melle, one of the leading companies involved in the production and sale of confectionery and other products, offers different types of breath mints under their product portfolio. Some of the products they offer are “Mentos NOW Mints,” which are available in three flavours, namely Orange, Sweetmint, and Eucamenthol. All of these products are offered in sugar-free variants. It is also the parent brand of Happydent, among the famous brands of Xylitol added Chewing Gums, and is available in different flavors such as Spearmint, Fruit, and others.
  • The Hershey Company, which is among the most famous confectionery companies in the world and consists of a product line including products such as Jolly Ranchers, Hershey's Kisses, KitKat, and Reese's, among others, also offers a range of mints under the brand name IceBreaskes.This product line contains different types of mint products, from mint lozenges to mint cubes. Some mint lozenges include flavors such as IceBreakers CoolMint, IceBreakers Duo, Icebreakers Sours, andIceCubes Arctic Grape, among other varieties, including peppermint and spearmint types of basemints.

The North American region to hold a considerable share over the forecast period owing to the increasing use of Mexican Food

The North American region is expected to hold a noteworthy market share over the forecast period owing to the fact that there are market players involved in catering to the demands of the consumers by launching different varieties of mints, including herbs and spices and breath mints.

Moreover, the rising usage of mints and mouthwashes is increasing among individuals that are involved in activities such as smoking and consuming alcohol in order to mask the smell or the user with a busy life and have less time to follow proper oral hygiene and use mouthwashes as an alternative.

Online Distribution channel to witness a notable growth

The growing penetration of internet services, the easy availability of 4G and high-speed internet on the different low-end and high-end devices, and the availability of grocery, confectionery, and food items online have made it easier for people to shop on e-retail and e-commerce channels, from the comfort of their home due to time-saving and lucrative discounts. In addition, the participation of different grocery delivery players globally has resulted in the rapid growth of the online grocery sector and is contributing to the market share this segment holds.

Key Developments

  • January 2022: To encourage customers to practice kindness and build interactions, Tic Tac® is releasing limited-edition packets with encouraging messages. The new packs come in Freshmint, Orange, and Fruit Adventure tastes and has 12 different Tic Tac® sayings, such as "Keep Your Day In Mint Condition," "Orange You Glad We Have Each Other?" and many more.
  • March 2021: With the introduction of Center Fresh Mints Clean Breath, Perfetti Van Melle India expanded its brand range. The product, which comes in Menthol Eucalyptus flavour, has been clinically shown to provide powerful cooling and freshness.
  • March 2021: Neuro, a health and wellness firm, has entered into an agreement to sell its mind-, energy-, and mood-boosting gum and mints across 500 locations in the US.

Impact of the COVID-19 pandemic on Mint Market

The COVID-19 pandemic led to a disruption in supply and production lines, leading to a fall in demand for the global mint market. The shutdown of significant industries and related sectors led to a downfall in the economy. The closure of retail stores and services led to a decrease in demand for the mints market since a majority of the market’s sale is done through retail stores. However, with the resumption of industrial and retail activities, and the lifting of COVID-19 protocols, the market is expected to increase in demand.

Global Mint Market Scope:

Report Metric Details
 Market size value in 2020  US$5.770 billion
 Market size value in 2027  US$8.527 billion
 Growth Rate  CAGR of 5.74% from 2020 to 2027
 Base year  2020
 Forecast period  2022–2027
 Forecast Unit (Value)  USD Billion
 Segments covered  Product Type, Distribution Channel, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered McCormick & Company, Inc., KEYA FOODS, The Hershey Company, Perfetti Van Melle,  Snapin, Urban Spices Pvt. Ltd., Lofthouse of Fleetwood Ltd., IMPACT MINTS., LTD, Mars, Incorporated and its Affiliates, Ferrero
 Customization scope  Free report customization with purchase

 

Segmentation:

  • By Product Type
    • Peppermint
    • Spearmint
    • Others
  • By Distribution Channel
    • Online
    • Offline
      • Supermarkets/Hypermarkets
      • Grocery Stores
      • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • UK
      • Germany
      • France
      • Italy
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Israel
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • South Korea
      • Taiwan
      • Thailand
      • Indonesia
      • Others

Frequently Asked Questions (FAQs)

Q1. What is the size of the global mint market?
A1. Global Mint Market was valued at US$5.770 billion in the year 2020. 


Q2. What will be the mint market size by 2027?
A2. The global mint market is projected to reach a market size of US$8.527 billion by 2027. 


Q3. What are the growth prospects for the global mint market?
A3. The mint market is projected to grow at a CAGR of 5.74% over the forecast period. 


Q4. What factors are anticipated to drive the mint market growth?
A4. Increasing concerns among individuals to consume healthy food and improve oral hygiene are causing a surge in the demand and pushing the market growth. 


Q5. Which region holds the largest market share in the mint market?
A5. The North American region holds a considerable share in the mint market owing to the increasing use of Mexican Food.

 

1. Introduction
1.1. Market Definition
1.2. Market Segmentation

2. Research Methodology
2.1. Research Data
2.2. Assumptions

3. Executive Summary
3.1. Research Highlights

4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis

5. Global Mint Market Analysis By Product Type
5.1. Peppermint
5.2. Spearmint
5.3. Others

6. Global Mint Market Analysis By Distribution Channel
6.1. Online
6.2. Offline 
6.2.1. Supermarkets/Hypermarkets
6.2.2. Grocery Stores
6.2.3. Others

7. Global Mint Market Analysis, by Geography
7.1. Introduction
7.2. North America
7.2.1. United States
7.2.2. Canada
7.2.3. Mexico
7.3. South America
7.3.1. Brazil
7.3.2. Argentina
7.3.3. Others
7.4. Europe
7.4.1. UK
7.4.2. Germany
7.4.3. France
7.4.4. Spain
7.4.5. Italy
7.4.6. Others
7.5. Middle East and Africa
7.5.1. Saudi Arabia
7.5.2. United Arab Emirates
7.5.3. Israel
7.5.4. Others
7.6. Asia Pacific
7.6.1. Japan
7.6.2. China
7.6.3. India
7.6.4. South Korea
7.6.5. Taiwan
7.6.6. Thailand
7.6.7. Indonesia
7.6.8. Others

8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix

9. Company Profiles 
9.1. McCormick & Company, Inc.
9.2. KEYA FOODS
9.3. The Hershey Company
9.4. Perfetti Van Melle
9.5. Snapin
9.6. Urban Spices Pvt. Ltd.
9.7. Lofthouse of Fleetwood Ltd.
9.8. IMPACT MINTS., LTD
9.9. Mars, Incorporated and its Affiliates
9.10. Ferrero

McCormick & Company, Inc.

KEYA FOODS

The Hershey Company

Perfetti Van Melle

Snapin

Urban Spices Pvt. Ltd.

Lofthouse of Fleetwood Ltd.

IMPACT MINTS., LTD

Mars, Incorporated and its Affiliates

Ferrero

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