Farmington, April 22, 2023 (GLOBE NEWSWIRE) -- The Global Wild Mint Oil market was valued USD 10.10 Billion in 2022 and it is projected to surpass around USD 22.86 Billion by 2030 growing at a CAGR of 9.5% during the forecast period 2023 to 2030. The growth is likely to be driven by the rising demand for flavoring agents in many end-use industries, such as food and drinks, pharmaceuticals, and personal care and cosmetics. Aromatic essential oils are in higher demand because more people are worried about their health and want to use natural treatments. The leaves of the Mentha canadensis plant is used to make wild mint oil, which has a strong smell. In the Personal Care Products business, the market for Wild Mint Oil mixed with different boosters has grown by 4%. Organic Wild Mint Oil sales are up 2.7% because more people want to use organic cosmetics, personal care items, and herbal medicines.
Request Sample Copy of Report“The global Wild Mint Oil Market Size, Share & Trends Estimation Report By Type Outlook (Organic, Conventional), By Application Outlook (Pharmaceuticals, Cosmetics, Personal Care, House Care, Aromatherapy), By distribution Outlook (Direct, Indirect, Supermarket/Hypermarket, Pharmaceuticals, Specialty stores, E-commerce), Region and Forecasts, 2022 - 2030”, published by Contrive Datum Insights.
Segmentation Overview:
Type Outlook:
Organic
This cool, relaxing oil is used in aromatherapy to wake up the mind, make it more flexible, and help people concentrate. It also cools the skin, makes it less red, and stops itching and discomfort.
Conventional
Most of the time, standard oils are the most cost-effective option because they don't need as much refining and re-engineering, which can be expensive.
Application Outlook
Pharmaceuticals
Essential oils have been studied for more than 60 years, but in recent decades there has been a renewed interest as people seek natural remedies.
Cosmetics
Cosmetic lubricants, A blend of skin-nourishing oils that absorb rapidly and leave a clean finish.
Personal Care
Peppermint oil is advertised as a topical treatment for migraines, muscle aches, joint pain, and itching.
House Care
Wild mint oil is one of the essential oils that has multiple applications.
Aromatherapy
Aromatherapy employs wild mint oil to stimulate the mind, enhance mental acuity, and aid in concentration.
Distribution Outlook
Direct
Direct Oil is a British company with extensive knowledge of heating oil. For more than a decade, they have assisted households across the nation in acquiring heating oil online.
Indirect
A company engages in indirect distribution when it sells in bulk to agents or retailers so that they can resell the products on its behalf. They store it, display it, and employ salespeople to distribute it to consumers.
Supermarket/Hypermarket
Because peppermint oil is readily available in grocery stores and superstores, it has a larger market share in modern commerce.
Pharmaceuticals
Numerous natural health products contain peppermint oil, but it is not a legal substance.
Specialty stores
Peppermint oil, also known as peppermint essential oil, can be found in the health and vitamin section of nearly all supermarkets.
E-commerce
The oil industry is beginning to recognize the benefits of using e-commerce to purchase, sell, and rent used and surplus materials and equipment.
Regional Analysis:
During the period encompassed by the forecast, it is anticipated that North America will hold the largest market share. Due to its antibacterial properties, peppermint oil is in high demand in the medical industry. From now until 2030, the Asia-Pacific region is anticipated to have the highest CAGR. This is due to the fact that new applications such as house care have a great deal of untapped potential.
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Scope of Report:
| Report Attributes | Details |
| Growth Rate | CAGR of 9.5% from 2023 to 2030. |
| Revenue Forecast by 2030 | USD 22.86 billion |
| By Type |
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| By Application |
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| By Distribution |
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| By Companies |
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| Regions and Countries Covered |
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| Base Year | 2022 |
| Historical Year | 2017 to 2022 |
| Forecast Year | 2023 to 2030 |
Market Dynamics:
Market growth and trends: According to a new study, the global mint essential oil market demand is projected to reach USD 330.02 million by 2025, with a CAGR of 9.2% over the forecast period. By 2025, 66.38 kilotons of the goods will have been purchased. The growth is likely to be driven by the rising demand for flavoring agents in many end-use industries, such as food and drinks, pharmaceuticals, and personal care and cosmetics.
Opportunities: The Wild Mint Oil market is projected to grow quickly between 2022 and 2030, when the forecast is made. The market is growing slowly in 2021, but since more and more big players are using strategies, it is possible that the market will continue to grow over the next few years.
Key Segments Covered:
Top Market Players:
- UAB Saflora
- Aromaaz International
- Aksu Vital Natural Products and Cosmetics
- Hey Gorgeous Skincare
- Ultra International B.V.
- Citromax S.A.C.I.
- North American Herb and Spice
- Lemongrass House
- Jiangxi Global Natural Spice Co., Ltd.
- Clovertree and others.
By Type
- Organic
- Conventional
By Application
- Pharmaceuticals
- Cosmetics
- Personal Care
- House Care
- Aromatherapy
By Distribution
- Direct
- Indirect
- Supermarket/Hypermarket
- Pharmaceuticals
- Specialty stores
- E-commerce
Regions and Countries Covered
- North America: (US, Canada, Mexico, Rest of North America)
- Europe: (Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
- Asia-Pacific:(Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
- The Middle East & Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
- Latin America: (Brazil, Argentina, Rest of Latin America)
- Rest Of the World
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