Europe Wintergreen Oil Market Forecast to 2031 - Regional Analysis - by Type, End Use, and Distribution Channel

List of Tables

The Europe wintergreen oil market was valued at US$ 19.37 million in 2023 and is expected to reach US$ 29.49 million by 2031; it is estimated to register a CAGR of 5.4% from 2023 to 2031.

Rising Adoption of Aromatherapy Among Population Drives Europe Wintergreen Oil Market

The wellness industry encourages individuals to exercise self-care as it encompasses mental, physical, spiritual, and emotional well-being, which are perceived as key aspects of health. Teenagers and young working professionals, in particular, find it difficult to handle stress, which severely influences their overall health. As a result, there has been an increasing emphasis on mental health in recent years. Consumers in developing regions have started adopting aromatherapy to overcome such issues.

Aromatherapy is emerging as an excellent way of practicing self-care. Promotion campaigns and direct selling initiatives (via social media) by vendors contribute significantly to the awareness and popularity of aromatherapy across the world. These therapies involve using wintergreen oil and various other essential oils, which trigger profound emotional responses in the brain. Wintergreen oil emits a minty, sweet, and somewhat warming woody aroma that is known to stimulate the mood, making it ideal for boosting body's function. Its ability to deodorize indoor environments can help elevate mood, relieve mental stress, and boost concentration, thereby inculcating a greater sense of emotional balance in people. Moreover, wintergreen oil also used for muscle pain relief. The busy lifestyle of lifestyle of consumers across the globe is causing muscle related issues. This is a major factor driving the demand of wintergreen oil in aromatherapy. Thus, the surging adoption of aromatherapy bolsters the wintergreen oil market.

Europe Wintergreen Oil Market Overview

The wintergreen oil market in Europe is witnessing notable growth owing to rising demand from industries such as pharmaceutical, food & beverages, aromatherapy, and personal care & cosmetics. As consumers become increasingly cautious about the potential side effects associated with synthetic chemicals, there is a notable shift toward natural remedies and holistic wellness practices. Wintergreen oil, known for its potent analgesic and anti-inflammatory properties, fits well into this trend. Its efficacy in providing relief from muscle pain, joint discomfort, and respiratory issues makes it a valuable addition to personal care and therapeutic products. In addition to health and wellness applications, wintergreen oil is gaining popularity in aromatherapy, which has gained substantial popularity in Europe.

According to Annual Report 2022 by the European Federation of Pharmaceutical Industries and Associations', the value of production for the research-based European pharmaceutical industry rose from US$ 118.06 billion in 2000 to US$ 402.05 billion in 2022. With its focus on meeting the surging consumer preference for natural therapeutic options with greater safety, pharmaceutical companies are incorporating wintergreen oil into topical pain relief products, balms, and ointments designed to treat conditions arthritis, muscle strains, and joint pain, among other ailments.

Europe Wintergreen Oil Market Revenue and Forecast to 2031 (US$ Million)

Europe Wintergreen Oil Market Segmentation

The Europe wintergreen oil market is categorized into type, end use, distribution channel, and country.

Based on type, the Europe wintergreen oil market is bifurcated into organic and conventional. The conventional segment held a larger Europe wintergreen oil market share in 2023.

In terms of end use, the Europe wintergreen oil market is segmented into pharmaceuticals, food and beverages, personal care and cosmetics, aromatherapy, and others. The aromatherapy segment held the largest Europe wintergreen oil market share in 2023.

By distribution channel, the Europe wintergreen oil market is divided into wholesalers, supermarkets and hypermarkets, pharmacies and drugstores, and online retail. The wholesalers segment held the largest Europe wintergreen oil market share in 2023.

By country, the Europe wintergreen oil market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Germany dominated the Europe wintergreen oil market share in 2023.

NOW Health Group Inc, Edens Garden Essentials Corp, doTERRA International LLC, Florihana Distilleries, Bristol Botanicals Ltd, NHR Organic Oils Ltd, Young Living Essential Oils LC, and Axxence Aromatic GmbH are some of the leading companies operating in the Europe wintergreen oil market.

Product Code: BMIRE00031317

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:

4. Europe Wintergreen Oil Market Landscape

4.1 Overview
4.2 Porter's Five Forces Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of New Entrants
- 4.2.4 Intensity of Competitive Rivalry
- 4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
- 4.3.1 Raw Materials Suppliers:
- 4.3.2 Manufacturers:
- 4.3.3 Wholesalers/Distributors/Suppliers:
- 4.3.4 End Users:
4.4 List of Vendors in the Value Chain

5. Europe Wintergreen Oil Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Health Benefits and Functional Properties Associated with Wintergreen Oil
- 5.1.2 Rising Adoption of Aromatherapy Among Population
5.2 Market Restraints
- 5.2.1 Availability of Alternatives
5.3 Market Opportunities
- 5.3.1 Consumer Preference for Personal Care Products and Cosmetics with Natural Ingredients
5.4 Future Trends
- 5.4.1 Inclination Toward Organic Products
5.5 Impact of Drivers and Restraints:

6. Wintergreen Oil Market - Europe Market Analysis

6.1 Europe Wintergreen Oil Market Revenue (US$ Thousand), 2021-2031
6.2 Europe Wintergreen Oil Market Forecast Analysis

7. Europe Wintergreen Oil Market Analysis - by Type

7.1 Organic
- 7.1.1 Overview
- 7.1.2 Organic: Wintergreen Oil Market - Revenue and Forecast to 2031 (US$ Thousand)
7.2 Conventional
- 7.2.1 Overview
- 7.2.2 Conventional: Wintergreen Oil Market - Revenue and Forecast to 2031 (US$ Thousand)

8. Europe Wintergreen Oil Market Analysis - by End Use

8.1 Pharmaceuticals
- 8.1.1 Overview
- 8.1.2 Pharmaceuticals: Wintergreen Oil Market - Revenue and Forecast to 2031 (US$ Thousand)
8.2 Food and Beverages
- 8.2.1 Overview
- 8.2.2 Food and Beverages: Wintergreen Oil Market - Revenue and Forecast to 2031 (US$ Thousand)
8.3 Personal Care and Cosmetics
- 8.3.1 Overview
- 8.3.2 Personal Care and Cosmetics: Wintergreen Oil Market - Revenue and Forecast to 2031 (US$ Thousand)
8.4 Aromatherapy
- 8.4.1 Overview
- 8.4.2 Aromatherapy: Wintergreen Oil Market - Revenue and Forecast to 2031 (US$ Thousand)
8.5 Others
- 8.5.1 Overview
- 8.5.2 Others: Wintergreen Oil Market - Revenue and Forecast to 2031 (US$ Thousand)

9. Europe Wintergreen Oil Market Analysis - by Distribution Channel

9.1 Wholesalers
- 9.1.1 Overview
- 9.1.2 Wholesalers: Wintergreen Oil Market - Revenue and Forecast to 2031 (US$ Thousand)
9.2 Supermarkets and Hypermarkets
- 9.2.1 Overview
- 9.2.2 Supermarkets and Hypermarkets: Wintergreen Oil Market - Revenue and Forecast to 2031 (US$ Thousand)
9.3 Pharmacies and Drugstores
- 9.3.1 Overview
- 9.3.2 Pharmacies and Drugstores: Wintergreen Oil Market - Revenue and Forecast to 2031 (US$ Thousand)
9.4 Online Retail
- 9.4.1 Overview
- 9.4.2 Online Retail: Wintergreen Oil Market - Revenue and Forecast to 2031 (US$ Thousand)

10. Europe Wintergreen Oil Market - Country Analysis

10.1 Europe
- 10.1.1 Europe: Wintergreen Oil Market Breakdown, by Key Countries, 2023 and 2031 (%)
  - 10.1.1.1 Europe: Wintergreen Oil Market - Revenue and Forecast Analysis - by Country
  - 10.1.1.2 Germany: Wintergreen Oil Market - Revenue and Forecast to 2031 (US$ Thousand)
    - 10.1.1.2.1 Germany: Wintergreen Oil Market Breakdown, by Type
    - 10.1.1.2.2 Germany: Wintergreen Oil Market Breakdown, by End Use
    - 10.1.1.2.3 Germany: Wintergreen Oil Market Breakdown, by Distribution Channel
  - 10.1.1.3 France: Wintergreen Oil Market - Revenue and Forecast to 2031 (US$ Thousand)
    - 10.1.1.3.1 France: Wintergreen Oil Market Breakdown, by Type
    - 10.1.1.3.2 France: Wintergreen Oil Market Breakdown, by End Use
    - 10.1.1.3.3 France: Wintergreen Oil Market Breakdown, by Distribution Channel
  - 10.1.1.4 Italy: Wintergreen Oil Market - Revenue and Forecast to 2031 (US$ Thousand)
    - 10.1.1.4.1 Italy: Wintergreen Oil Market Breakdown, by Type
    - 10.1.1.4.2 Italy: Wintergreen Oil Market Breakdown, by End Use
    - 10.1.1.4.3 Italy: Wintergreen Oil Market Breakdown, by Distribution Channel
  - 10.1.1.5 United Kingdom: Wintergreen Oil Market - Revenue and Forecast to 2031 (US$ Thousand)
    - 10.1.1.5.1 United Kingdom: Wintergreen Oil Market Breakdown, by Type
    - 10.1.1.5.2 United Kingdom: Wintergreen Oil Market Breakdown, by End Use
    - 10.1.1.5.3 United Kingdom: Wintergreen Oil Market Breakdown, by Distribution Channel
  - 10.1.1.6 Spain: Wintergreen Oil Market - Revenue and Forecast to 2031 (US$ Thousand)
    - 10.1.1.6.1 Spain: Wintergreen Oil Market Breakdown, by Type
    - 10.1.1.6.2 Spain: Wintergreen Oil Market Breakdown, by End Use
    - 10.1.1.6.3 Spain: Wintergreen Oil Market Breakdown, by Distribution Channel
  - 10.1.1.7 Rest of Europe: Wintergreen Oil Market - Revenue and Forecast to 2031 (US$ Thousand)
    - 10.1.1.7.1 Rest of Europe: Wintergreen Oil Market Breakdown, by Type
    - 10.1.1.7.2 Rest of Europe: Wintergreen Oil Market Breakdown, by End Use
    - 10.1.1.7.3 Rest of Europe: Wintergreen Oil Market Breakdown, by Distribution Channel

11. Competitive Landscape

11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration

12. Company Profiles

12.1 NOW Health Group Inc
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 Edens Garden Essentials Corp
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 doTERRA International LLC
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 Florihana Distilleries
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
12.5 Bristol Botanicals Ltd
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
12.6 NHR Organic Oils Ltd
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
12.7 Young Living Essential Oils LC
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
12.8 Axxence Aromatic GmbH
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments

13. Appendix

13.1 About The Insight Partners