Global Peppermint Essential Oil Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Product Type (Natural, Synthetic), By Application (Cosmetics & Toiletries, Pharmaceuticals, Food & Beverage, Others), By Distribution Channel (Online, Offline), And By Geography - Forecasts From 2020 To 2025

Published:  Jul 2021 Report Code: KSI061613996 Pages: 120

The global Peppermint essential oil market was valued at US$154.286 million in 2019 and is expected to grow at a good CAGR over the forecast period. Peppermint oil is a type of essential oil that is extracted from the flowers and stems of the peppermint plant. The oil is obtained through the steam distillation process and is considered important across the pharmaceutical industry owing to its therapeutic property. Peppermint essential oil is increasingly being used in the treatment of health issues like cold, indigestion, cough, muscle pains, and sinus among others. It is also used in many dental care products because of its cooling effect and antibacterial properties.

The growing popularity of aromatherapy treatment has a significant impact on the demand for peppermint essential oil, which is pushing forward the market growth during the forecast period. The booming global travel and tourism industry has significantly contributed to the augmenting demand for peppermint essential oil across the hospitality sector. People, when on vacation, are increasingly inclined towards getting spa treatments to relax. As such, the demand for peppermint essential oil is growing at a tremendous rate, thus positively impacting the overall market growth.     

The rising awareness among people regarding peppermint oil’s health benefits is further expected to bolster the market’s growth. People are purchasing peppermint essential oil to use in their daily homemade food. Rising purchasing power and living standards are further supporting the growth of the global peppermint essential oil market. Another factor that is making the global peppermint essential oil market more lucrative during the forecast period is the increasing vegan population worldwide. The increasing inclination of people across many countries towards a purely plant-based diet is increasing the number of vegans in many countries. Australia has a fairly large number of individuals showing a high degree of interest in veganism. The United States and the United Kingdom are also witnessing a decent increase in the number of vegans.    

The Global Peppermint essential oil market has been segmented on the basis of product type, application, distribution channel, and geography. On the basis of the product type, the market has been segmented as natural and synthetic. On the basis of application, the market segmentation has been done as cosmetics & toiletries, pharmaceuticals, food & beverage, and others. The global Peppermint essential oil market has also been classified by distribution channels as online and offline.

Demand for natural peppermint essential is increasing at a significant rate during the forecast period

Increasing demand for natural flavor across the food and beverage sector is significantly driving the demand for natural peppermint essential. As people are getting aware of the harmful impacts of synthetic flavor and additives used in various food and beverage items, they are opting for products that have natural ingredients. As such, manufacturers across the global food and beverage sector are also facilitating the incorporation of natural peppermint essential oil to enhance the taste, flavor, and aroma of food and beverage products while satisfying the need of customers for natural ingredients. Strict regulations regarding food additives and preservatives across different regions is further encouraging the use of natural essential oils across the food & beverage sector, thereby driving the market growth.

An increasing number of people buying peppermint essential oil via online retail stores

The online distribution channel segment is poised to witness a substantial compound annual growth rate between 2019 and 2025. The rapidly growing e-commerce industry across different regions is providing customers to conveniently shop peppermint essential oil via any online store and that too at discounted rates. A growing number of people with smartphones and increasing penetration of better internet connectivity are also encouraging e-commerce companies as well as startups to invest in their mobile apps in order to capture this growing customer base, thus fueling the growth of this segment across the globe peppermint essential oil market.

By geography, North America accounts for a significant share of the global peppermint essential oil market

By geography, the global peppermint essential oil market is classified into five major regional markets- North America, South America, Europe, Middle East and Africa (MEA), and Asia Pacific (APAC). The North American peppermint essential oil market holds a significant share in the global market throughout the forecast period. High awareness about several benefits of peppermint essential oil among customers is driving the growth of this regional market. An increasing number of people in countries like the United States and Canada moving towards veganism is another major factor that is paving the way for the peppermint essential oil market in this region. Europe also accounts for a decent share in the global peppermint essential oil market. The presence of international cosmetics and personal care brands in the region support the growth of this regional market. Moreover, the high demand for natural fragrances is also surging the growth of the Europe peppermint essential oil market. Asia Pacific (APAC), however, is projected to experience a noteworthy CAGR during the forecast period. The booming travel and tourism industry in the region is one of the major factors behind the growth of this regional market. With an increasing number of both international and domestic tourists in countries like India, Thailand, Malaysia, and Indonesia, the demand for spa services is also increasing, which in turn, is augmenting the demand for peppermint essential oil. Rising disposable incomes and living standards, increasing urbanization, growing e-commerce industry, and inclination towards products made from natural ingredients are other factors that are contributing to the APAC market growth.

Market Players and Competitive Intelligence

Prominent key market players in the global Peppermint essential oil market include Young Living Essential Oils, d?TERRA, Lebermuth, Inc., Citrus and Allied Essences Ltd, Green Fields Oil Factory, Frontier Co-op, MOUNTAIN ROSE HERBS, PLANT THERAPY ESSENTIAL OILS, NOW® Foods, Edens Garden, Biolandes, Lionel Hitchen Essential Oils, Aromaaz International, Shaanxi Guanjie Technology Co., and Greenleaf Extractions Pvt Ltd. These companies hold a noteworthy share in the market on account of their good brand image and product offerings. Major players in the global Peppermint essential oil market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last two years.

Global Peppermint Essential Oil Market Scope:

Report Metric Details
 Market size value in 2019  US$154.286 million
 Growth Rate  CAGR during the forecast period
 Base year  2019
 Forecast period  2020–2025
 Forecast Unit (Value)  USD Million
 Segments covered  Product Type, Application, Distribution Channel, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered Young Living Essential Oils, d?TERRA, Lebermuth, Inc., Citrus and Allied Essences Ltd, Green Fields Oil Factory, Frontier Co-op, MOUNTAIN ROSE HERBS, PLANT THERAPY ESSENTIAL OILS., NOW® Foods, Edens Garden, Biolandes, Lionel Hitchen Essential Oils, Aromaaz International, Shaanxi Guanjie Technology Co., Greenleaf Extractions Pvt Ltd
 Customization scope  Free report customization with purchase

 

Segmentation

  • By  Product Type
    • Natural
    • Synthetic
  • By  Application
    • Cosmetics & Toiletries
    • Pharmaceuticals
    • Food & Beverage
    • Others
  • By  Distribution Channel
    • Online
    • Offline
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Others
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Australia
      • Others

Frequently Asked Questions (FAQs)

Q1. What is the size of the global peppermint essential oil market?
A1. The global peppermint essential oil market was valued at US$154.286 million in 2019. 


Q2. Who are the major players in the peppermint essential oil market?
A2. Prominent key market players in the peppermint essential oil market include Young Living Essential Oils, d?TERRA, Lebermuth, Inc., Citrus and Allied Essences Ltd, Green Fields Oil Factory, Frontier Co-op, MOUNTAIN ROSE HERBS, PLANT THERAPY ESSENTIAL OILS, among others.


Q3. How is the global peppermint essential oil market segmented?
A3. The peppermint essential oil market has been segmented by product type, application, distribution channel, and geography.


Q4. What factors are anticipated to drive the peppermint essential oil market growth?
A4. The growing popularity of aromatherapy treatment has a significant impact on the demand for peppermint essential oil, which is pushing forward the peppermint essential oil market growth.


Q5. Which region holds the largest market share in the peppermint essential oil market?
A5. North America holds a significant share in the global peppermint essential oil market owing to the high awareness about several benefits of peppermint essential oil among customers.

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. Porters 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 PeppermintEssential Oil Market Analysis, By Product Type
5.1. Introduction
5.2. Natural
5.3. Synthetic
 
6. Global PeppermintEssential Oil Market Analysis, By Application
6.1. Introduction
6.2. Cosmetics & Toiletries
6.3. Pharmaceuticals
6.4. Food & Beverage
6.5. Others
 
7. Global PeppermintEssential Oil Market Analysis, By Distribution Channel
7.1. Introduction
7.2. Online
7.3. Offline
 
8. Global PeppermintEssential Oil Market Analysis, By Geography
8.1. Introduction
8.2. North America
8.2.1. North America PeppermintEssential Oil Market, By Product Type, 2020 to 2025
8.2.2. North America PeppermintEssential Oil Market, By Application, 2020 to 2025
8.2.3. North America PeppermintEssential Oil Market, By Distribution Channel, 2020 to 2025
8.2.4. By Country
8.2.4.1. USA
8.2.4.2. Canada
8.2.4.3. Mexico
8.3. South America
8.3.1. South America PeppermintEssential Oil Market, By Product Type, 2020 to 2025
8.3.2. South America PeppermintEssential Oil Market, By Application, 2020 to 2025
8.3.3. South America PeppermintEssential Oil Market, By Distribution Channel, 2020 to 2025
8.3.4. By Country
8.3.4.1. Brazil
8.3.4.2. Argentina
8.3.4.3. Others
8.4. Europe
8.4.1. Europe PeppermintEssential Oil Market, By Product Type, 2020 to 2025
8.4.2. Europe PeppermintEssential Oil Market, By Application, 2020 to 2025
8.4.3. Europe PeppermintEssential Oil Market, By Distribution Channel, 2020 to 2025
8.4.4. By Country
8.4.4.1. Germany
8.4.4.2. France
8.4.4.3. United Kingdom
8.4.4.4. Spain
8.4.4.5. Others
8.5. Middle East and Africa
8.5.1. Middle East and Africa PeppermintEssential Oil Market, By Product Type, 2020 to 2025
8.5.2. Middle East and Africa PeppermintEssential Oil Market, By Application, 2020 to 2025
8.5.3. Middle East and Africa PeppermintEssential Oil Market, By Distribution Channel, 2020 to 2025
8.5.4. By Country
8.5.4.1. Saudi Arabia
8.5.4.2. UAE
8.5.4.3. Others
8.6. Asia Pacific
8.6.1. Asia Pacific PeppermintEssential Oil Market, By Product Type, 2020 to 2025
8.6.2. Asia Pacific PeppermintEssential Oil Market, By Application, 2020 to 2025
8.6.3. Asia Pacific PeppermintEssential Oil Market, By Distribution Channel, 2020 to 2025
8.6.4. By Country
8.6.4.1. China
8.6.4.2. Japan
8.6.4.3. India
8.6.4.4. South Korea
8.6.4.5. Australia
8.6.4.6. Others
 
9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
 
10. Company Profiles 
10.1. Young Living Essential Oils
10.2. d?TERRA
10.3. Lebermuth, Inc.
10.4. Citrus and Allied Essences Ltd
10.5. Green Fields Oil Factory
10.6. Frontier Co-op
10.7. MOUNTAIN ROSE HERBS
10.8. PLANT THERAPY ESSENTIAL OILS.
10.9. NOW® Foods
10.10. Edens Garden
10.11. Biolandes
10.12. Lionel Hitchen Essential Oils
10.13. Aromaaz International
10.14. Shaanxi Guanjie Technology Co.
10.15. Greenleaf Extractions Pvt Ltd

Young Living Essential Oils

d?TERRA

Lebermuth, Inc.

Citrus and Allied Essences Ltd

Green Fields Oil Factory

Frontier Co-op

MOUNTAIN ROSE HERBS

PLANT THERAPY ESSENTIAL OILS.

NOW® Foods

Edens Garden

Biolandes

Lionel Hitchen Essential Oils

Aromaaz International

Shaanxi Guanjie Technology Co.

Greenleaf Extractions Pvt Ltd

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