PUBLISHER: Polaris Market Research | PRODUCT CODE: 1463027
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1463027
Mint Essential Oils Market Share, Size, Trends, Industry Analysis Report, By Application (Medical, Food & Beverages, Spa & Relaxation, Cleaning & Home); By Region; And Segment Forecasts, 2024 - 2032
The global mint essential oil market size is expected to reach USD 2338.82 million by 2032, according to a new study by Polaris Market Research. The report "Mint Essential Oils Market Share, Size, Trends, Industry Analysis Report, By Application (Medical, Food & Beverages, Spa & Relaxation, Cleaning & Home); By Region; And Segment Forecasts, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The expansion of research and development efforts focused on exploring the various beneficial applications of mint oils, combined with advancements in extraction methods like steam distillation, has led to a notable increase in the commercial production of mint oil. These developments contribute to the growth of the market by enhancing the efficiency and scalability of mint oil production for various commercial applications. As scientists and industry professionals continue to uncover new uses and extraction techniques, the market is expected to experience sustained growth in the coming years.
The diverse concentrations of menthol found in different mint oils contribute to distinct antimicrobial activities and beneficial properties. Moreover, menthol derived from mint essential oil serves as a significant ingredient for flavor and fragrance in various applications, including personal care products, cosmetics, medicines, & perfumes. The rising need for flavoring agents in the food and beverage industry is expected to boost the utilization of mint essential oil. Additionally, the overall health benefits associated with essential oils are anticipated to drive demand in pharmaceutical and medical applications.
The market is experiencing growth due to the emerging applications of mint essential oil in insect repellents and cigarettes, particularly in the production of menthol-flavored cigarettes. Various mint oils, including corn mint oil, decentralized oil, peppermint oil, and spearmint oil, have demonstrated effective repellency against mosquitoes and insects, leading to increased usage of natural insect and mosquito repellents. Cornmint essential oil is favored in the flavor and fragrance industries for its minty flavor and menthol extraction. Simultaneously, the market is expected to expand due to its growing popularity among household consumers for use as a food ingredient and in aromatherapy.
With increasing urbanization and heightened social media influence, there has been widespread adoption of natural plant extract-based healing treatments, particularly in practices like aromatherapy. Mint essential oils, known for their soothing properties, are extensively utilized in aromatherapy for stress-relieving applications. As more consumers seek natural alternatives and therapeutic solutions, the demand for mint essential oils is expected to grow exponentially in the foreseeable future.
Mint Essential Oil Market Report Highlights
The spa segment held the largest share and is expected to grow at moderate CAGR, primarily due to its stress-relieving properties
The food & beverage segment will grow rapid pace due to its minty cool feeling of aroma and taste
Europe garnered the largest share on account of the well-developed flavor and fragrance industry
The key market players include H. Reynaud, FLAVEX Naturextrakte, India Essential Oils, Sydney Essential Oil, Moksha, and Rocky Mountain Oils.
Polaris Market Research has segmented the mint essential oil market report based on application, and region:
Mint Essential Oil, Application Outlook (Revenue - USD Billion, 2019 - 2032)
- Medical
- Pharmaceutical
- Nutraceuticals
- Food & Beverages
- Bakery
- Confectionery
- Dairy
- RTE meals
- Beverages
- Meat, Poultry & Seafood
- Snacks & Nutritional Bars
- Spa & Relaxation
- Aromatherapy
- Massage Oil
- Personal Care
- Cosmetics
- Hair Care
- Skin Care
- Sun Care
- Makeup and colour cosmetics
- Toiletries
- Oral care
- Soaps
- Shampoos
- Baby Care
- Men's Grooming
- Fragrances
- Perfumes
- Body Sprays
- Air fresheners
- Cleaning & Home
- Kitchen Cleaners
- Floor Cleaners
- Bathroom Cleaners
- Fabric Care
Mint Essential Oil, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Mint Essential Oil Market Insights
- 4.1. Mint Essential Oil Market - Industry Snapshot
- 4.2. Mint Essential Oil Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Mint essential oils flourish in pharmaceutical and food & beverage sectors.
- 4.2.1.2. Mint Essential Oils Market Grows with Rising Demand for Natural Health Solutions.
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Fluctuating Raw Material Costs and Agricultural Dependencies.
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Value Chain Analysis
- 4.6. Mint Essential Oil Industry trends
- 4.7. COVID-19 Impact Analysis
5. Global Mint Essential Oil Market, by Application
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- 5.3. Medical
- 5.3.1. Global Mint Essential Oil Market, by Medical, by Region, 2019-2032 (USD Million)
- 5.3.2. Pharmaceutical
- 5.3.2.1. Global Mint Essential Oil Market, by Pharmaceutical, by Region, 2019-2032 (USD Million)
- 5.3.3. Nutraceuticals
- 5.3.3.1. Global Mint Essential Oil Market, by Nutraceuticals, by Region, 2019-2032 (USD Million)
- 5.4. Food & Beverages
- 5.4.1. Global Mint Essential Oil Market, by Food & Beverages, by Region, 2019-2032 (USD Million)
- 5.4.2. Bakery
- 5.4.2.1. Global Mint Essential Oil Market, by Bakery, by Region, 2019-2032 (USD Million)
- 5.4.3. Confectionery
- 5.4.3.1. Global Mint Essential Oil Market, by Confectionery, by Region, 2019-2032 (USD Million)
- 5.4.4. Dairy
- 5.4.4.1. Global Mint Essential Oil Market, by Dairy, by Region, 2019-2032 (USD Million)
- 5.4.5. RTE meals
- 5.4.5.1. Global Mint Essential Oil Market, by RTE meals, by Region, 2019-2032 (USD Million)
- 5.4.6. Beverages
- 5.4.6.1. Global Mint Essential Oil Market, by Beverages, by Region, 2019-2032 (USD Million)
- 5.4.7. Meat, Poultry & Seafood
- 5.4.7.1. Global Mint Essential Oil Market, by Meat, Poultry & Seafood, by Region, 2019-2032 (USD Million)
- 5.4.8. Snacks & Nutritional Bars
- 5.4.8.1. Global Mint Essential Oil Market, by Snacks & Nutritional Bars, by Region, 2019-2032 (USD Million)
- 5.4.9. Spa & Relaxation
- 5.4.9.1. Global Mint Essential Oil Market, by Spa & Relaxation, by Region, 2019-2032 (USD Million)
- 5.4.9.2. Aromatherapy
- 5.4.9.2.1. Global Mint Essential Oil Market, by Aromatherapy, by Region, 2019-2032 (USD Million)
- 5.4.9.3. Massage Oil
- 5.4.9.3.1. Global Mint Essential Oil Market, by Massage Oil, by Region, 2019-2032 (USD Million)
- 5.4.9.4. Personal Care
- 5.4.9.4.1. Global Mint Essential Oil Market, by Personal Care, by Region, 2019-2032 (USD Million)
- 5.4.9.5. Cosmetics
- 5.4.9.5.1. Global Mint Essential Oil Market, by Cosmetics, by Region, 2019-2032 (USD Million)
- 5.4.9.5.2. Hair Care
- 5.4.9.5.2.1. Global Mint Essential Oil Market, by Hair Care, by Region, 2019-2032 (USD Million)
- 5.4.9.5.3. Skin Care
- 5.4.9.5.3.1. Global Mint Essential Oil Market, by Skin Care, by Region, 2019-2032 (USD Million)
- 5.4.9.5.4. Sun Care
- 5.4.9.5.4.1. Global Mint Essential Oil Market, by Sun Care, by Region, 2019-2032 (USD Million)
- 5.5. Makeup and colour cosmetics
- 5.5.1. Global Mint Essential Oil Market, by Makeup and colour cosmetics, by Region, 2019-2032 (USD Million)
- 5.6. Toiletries
- 5.6.1. Global Mint Essential Oil Market, by Toiletries, by Region, 2019-2032 (USD Million)
- 5.6.2. Oral care
- 5.6.2.1. Global Mint Essential Oil Market, by Oral care, by Region, 2019-2032 (USD Million)
- 5.6.3. Soaps
- 5.6.3.1. Global Mint Essential Oil Market, by Soaps, by Region, 2019-2032 (USD Million)
- 5.6.4. Shampoos
- 5.6.4.1. Global Mint Essential Oil Market, by Shampoos, by Region, 2019-2032 (USD Million)
- 5.6.5. Baby Care
- 5.6.5.1. Global Mint Essential Oil Market, by Baby Care, by Region, 2019-2032 (USD Million)
- 5.6.6. Men's Grooming
- 5.6.6.1. Global Mint Essential Oil Market, by Men's Grooming, by Region, 2019-2032 (USD Million)
- 5.7. Fragrances
- 5.7.1. Global Mint Essential Oil Market, by Fragrances, by Region, 2019-2032 (USD Million)
- 5.7.2. Perfumes
- 5.7.2.1. Global Mint Essential Oil Market, by Perfumes, by Region, 2019-2032 (USD Million)
- 5.7.3. Body Sprays
- 5.7.3.1. Global Mint Essential Oil Market, by Body Sprays, by Region, 2019-2032 (USD Million)
- 5.7.4. Air fresheners
- 5.7.4.1. Global Mint Essential Oil Market, by Air fresheners, by Region, 2019-2032 (USD Million)
- 5.8. Cleaning & Home
- 5.8.1. Global Mint Essential Oil Market, by Cleaning & Home, by Region, 2019-2032 (USD Million)
- 5.8.2. Kitchen Cleaners
- 5.8.2.1. Global Mint Essential Oil Market, by Kitchen Cleaners, by Region, 2019-2032 (USD Million)
- 5.8.3. Floor Cleaners
- 5.8.3.1. Global Mint Essential Oil Market, by Floor Cleaners, by Region, 2019-2032 (USD Million)
- 5.8.4. Bathroom Cleaners
- 5.8.4.1. Global Mint Essential Oil Market, by Bathroom Cleaners, by Region, 2019-2032 (USD Million)
- 5.8.5. Fabric Care
- 5.8.5.1. Global Mint Essential Oil Market, by Fabric Care, by Region, 2019-2032 (USD Million)
6. Global Mint Essential Oil Market, by Geography
- 6.1. Key findings
- 6.2. Introduction
- 6.2.1. Mint Essential Oil Market Assessment, By Geography, 2019-2032 (USD Million)
- 6.3. Mint Essential Oil Market - North America
- 6.3.1. North America: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- 6.3.2. Mint Essential Oil Market - U.S.
- 6.3.2.1. U.S.: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- 6.3.3. Mint Essential Oil Market - Canada
- 6.3.3.1. Canada: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- 6.4. Mint Essential Oil Market - Europe
- 6.4.1. Europe: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- 6.4.2. Mint Essential Oil Market - UK
- 6.4.2.1. UK: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- 6.4.3. Mint Essential Oil Market - France
- 6.4.3.1. France: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- 6.4.4. Mint Essential Oil Market - Germany
- 6.4.4.1. Germany: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- 6.4.5. Mint Essential Oil Market - Italy
- 6.4.5.1. Italy: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- 6.4.6. Mint Essential Oil Market - Spain
- 6.4.6.1. Spain: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- 6.4.7. Mint Essential Oil Market - Netherlands
- 6.4.7.1. Netherlands: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- 6.4.8. Mint Essential Oil Market - Austria
- 6.4.8.1. Austria: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- 6.5. Mint Essential Oil Market - Asia Pacific
- 6.5.1. Asia Pacific: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- 6.5.2. Mint Essential Oil Market - China
- 6.5.2.1. China: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- 6.5.3. Mint Essential Oil Market - India
- 6.5.3.1. India: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- 6.5.4. Mint Essential Oil Market - Malaysia
- 6.5.4.1. Malaysia: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- 6.5.5. Mint Essential Oil Market - Japan
- 6.5.5.1. Japan: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- 6.5.6. Mint Essential Oil Market - Indonesia
- 6.5.6.1. Indonesia: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- 6.5.7. Mint Essential Oil Market - South Korea
- 6.5.7.1. South Korea: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- 6.6. Mint Essential Oil Market - Middle East & Africa
- 6.6.1. Middle East & Africa: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- 6.6.2. Mint Essential Oil Market - Saudi Arabia
- 6.6.2.1. Saudi Arabia: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- 6.6.3. Mint Essential Oil Market - UAE
- 6.6.3.1. UAE: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- 6.6.4. Mint Essential Oil Market - Israel
- 6.6.4.1. Israel: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- 6.6.5. Mint Essential Oil Market - South Africa
- 6.6.5.1. South Africa: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- 6.7. Mint Essential Oil Market - Latin America
- 6.7.1. Latin America: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- 6.7.2. Mint Essential Oil Market - Mexico
- 6.7.2.1. Mexico: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- 6.7.3. Mint Essential Oil Market - Brazil
- 6.7.3.1. Brazil: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- 6.7.4. Mint Essential Oil Market - Argentina
- 6.7.4.1. Argentina: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
7. Competitive Landscape
- 7.1. Expansion and Acquisition Analysis
- 7.1.1. Expansion
- 7.1.2. Acquisitions
- 7.2. Partnerships/Collaborations/Agreements/Exhibitions
8. Company Profiles
- 8.1. H. Reynaud & Fils
- 8.1.1. Company Overview
- 8.1.2. Financial Performance
- 8.1.3. Product Benchmarking
- 8.1.4. Recent Development
- 8.2. FLAVEX Naturextrakte GmbH
- 8.2.1. Company Overview
- 8.2.2. Financial Performance
- 8.2.3. Product Benchmarking
- 8.2.4. Recent Development
- 8.3. India Essential Oils
- 8.3.1. Company Overview
- 8.3.2. Financial Performance
- 8.3.3. Product Benchmarking
- 8.3.4. Recent Development
- 8.4. Sydney Essential Oil Company
- 8.4.1. Company Overview
- 8.4.2. Financial Performance
- 8.4.3. Product Benchmarking
- 8.4.4. Recent Development
- 8.5. Moksha
- 8.5.1. Company Overview
- 8.5.2. Financial Performance
- 8.5.3. Product Benchmarking
- 8.5.4. Recent Development
- 8.6. Rocky Mountain Oils, LLC
- 8.6.1. Company Overview
- 8.6.2. Financial Performance
- 8.6.3. Product Benchmarking
- 8.6.4. Recent Development
List of Tables
- Table 1 Global Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- Table 2 Mint Essential Oil Market Assessment, By Geography, 2019-2032 (USD Million)
- Table 3 North America: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- Table 4 U.S.: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- Table 5 Canada: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- Table 6 Canada: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- Table 7 Europe: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- Table 8 Spain: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- Table 9 Netherlands: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- Table 10 Austria: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- Table 11 Germany: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- Table 12 Italy: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- Table 13 France: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- Table 14 Asia Pacific: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- Table 15 China: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- Table 16 Japan: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- Table 17 India: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- Table 18 Indonesia: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- Table 19 South Korea: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- Table 20 Malaysia: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- Table 21 Latin America: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- Table 22 Brazil: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- Table 23 Mexico: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- Table 24 Argentina: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- Table 25 Middle East & Africa: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- Table 26 South Africa: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- Table 27 Israel: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- Table 28 Saudi Arabia: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
- Table 29 UAE: Mint Essential Oil Market, by Application, 2019-2032 (USD Million)
List of Figures
- Figure 1 Global Mint Essential Oil Market, 2019-2032 (USD Million)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Geography
- Figure 5 Porter's Five Forces
- Figure 6 Market by Application
- Figure 7 Global Mint Essential Oil Market, by Application, 2022 & 2032 (USD Million)
- Figure 8 Mint Essential Oil Market Assessment, By Geography, 2019-2032 (USD Million)
- Figure 9 Strategic Analysis - Mint Essential Oil Market
