Pepper mint oil is an essential oil that is extracted from peppermint (piperita x mentha) leaves. Distillation of peppermint leaves or stems lead to the release of the oil. Peppermint oil has widespread use in medicines owing to its therapeutic benefits and is considered as an alternative or herbal medicine. Sometimes the oil is also obtained from flowering tops of the plant using alcohol. In recent years, the global demand for pepper mint has witnessed an uptick due to its increasing application in various herbal medicines that can help in stimulating body metabolism, soothing muscle pain, headaches, sinus and cold among others. The oil is traditionally used as key ingredient in oral care owing to its extraordinary cooling effects and potency to tranquilize toothache as well as for reducing bad breath. Also, the product is used in preparation of flavoring agents. In addition, it is also used as a natural food additive in several types of processed food.
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Following are the important takeaways from Fact.MR’s report on the global market for pepper mint oil.
- Europe is anticipate to command for the predominant revenue share of the global market during the forecast period, riding at a steady CAGR. This is mainly attributed to increasing popularity of essential oils in Europe. Also, increasing awareness about the countless health benefits of herbal or natural products is favoring the growth of the market in the region. Meanwhile, sales of peppermint oil has also witnessed a healthy uptick in Asia-Pacific excluding Japan (APEJ) region, especially in countries such as India and China.
- Natural pepper mint oil will continue to have an upper hand over the organic variant throughout the assessment period as the former is projected to account for a staggering 66% market share in terms of revenue over 2022. Over US$ 442 Mn worth natural pepper mint oil is likely to be sold worldwide over the next five years.
- Based on form, the absolute segment is currently commands for nearly 44% share revenue share of the market. In addition, this segment will remain highly attractive in 2017 and beyond, due to high product quality and purity.
- The increasing application of pepper min oil in cosmetics, food & beverages, toiletries, therapeutics manufacturing is anticipated to boost the growth of the global market for pepper mint oil in the near future.
The natural pepper mint oil will continue to outsell the organic variant in 2017 and beyond. Global sales of natural peppermint oil is expected to account for 66% revenue share of the market towards the end of 2022, reaching a valuation in excess of US$ 442 Mn.
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On the basis of form, the global sales of pepper mint oil in absolute form currently accounts for around 44% market share in terms of revenue and anticipated to gain 33 BPS by 2022 over 2017. Wider application of pepper mint oil in food & beverages, therapeutics, aromatherapy toiletries, cosmetics and fragrances is expected to be instrumental for the future prospects of the market.
Competition Tracking
Plant Therapy Essential Oils, Lionel Hitchen Essential Oils, Green Fields Oil Factory, IL Health & Beauty Natural Oils Co. Inc., Aromaaz International, Aksuvital, Natures Natural India, Shaanxi Guanjie Technology Co., Young Living Essential Oils LC, Biolandes, Greenleaf Extractions Pvt Ltd, The Lebermuth Company, Synthite Industries Ltd., doTerra and Bio Extracts (Pvt) Ltd. are among the top companied operating in the global pepper mint oil market.
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