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Peppermint Oil Market By Product Type, By Application, By Distributional Channel: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 262 Pages
  • October 2022
  • Region: Global
  • Allied Market Research
  • ID: 5725059
The global peppermint oil market was valued at $331.7 million in 2021, and is projected to reach $658.2 million by 2031, growing at a CAGR of 6.6% from 2022 to 2031. Peppermint (Mentha piperita L. ) is a Lamiaceae family plant that is grown all over the globe. Peppermint oil has therapeutic properties as a carminative and gastric stimulator. Peppermint oil is among the most extensively used and most valued organic oil in the flavoring of formulations and medications for cough syrups, sweets, oral care, chewing gum, and beverages. Peppermint oil has been found to have antifungal, antibacterial, antiparasitic, antioxidant, and antiviral properties.

The peppermint plant's leaves and flowers are used to make peppermint essential oil. In addition to its widespread use in food and drink, peppermint oil is used as a scent in soaps and cosmetics. It has been used for medical purposes since the historical period. Records from the time of ancient Greece, Egypt, and Rome describe its usage for stomach issues. Irritable bowel syndrome (IBS), the common cold, headaches, sinus infections, and other disorders are the most prevalent uses for peppermint oil. While dealing with issues such as joint discomfort, itching, headaches, and muscular aches, it is advised to apply peppermint oil topically. Peppermint oil is used in aromatherapy to heal colds and coughs, lessen discomfort and tension, and enhance mental performance.

According to 2020 randomized clinical trials, it was found that inhaling peppermint oil vapors through a nebulizer reduces the severity, frequency, and duration of vomiting and nausea in people who are recovering from heart surgery. Moreover, the University of Maryland Medical Center (UMMC) mentioned that it can be an effective treatment for indigestion, flatulence, and irritable bowel syndrome.

Peppermint oil is widely used in aromatherapy for treating stomach infection, headache, asthma, and other respiratory problems. Manufacturers provide peppermint oil in various proportions such as highly concentrated or diluted, and are available in several varieties such as Black Mitcham, Todd Mitcham, and others. It is mainly used as a flavoring agent in chewing gums and toothpaste. Increase in the number of spa and relaxation centers has fueled the growth of this segment. Rise in awareness regarding the benefits of peppermint oil boosts its adoption among consumers. Young Living Essential Oils and Avi Naturals are the two-peppermint essential oil producing companies.

Peppermint oil appears to be safe when taken orally (by mouth) or applied topically. Many clinical trials have used peppermint oil safely, but in some cases cause severe irritation, provoke an allergic reaction and, over time, prove hepatotoxic. Heartburn, nausea, abdominal pain, and dry mouth are all possible side effects of taking peppermint oil orally. Peppermint oil can occasionally cause allergic reactions. Peppermint oil capsules are frequently enteric coated to reduce the likelihood of heartburn.

The U. S. has approximately 21 million adults who have experienced at least one major depressive episode, which has increased demand for essential oils aromatherapy. Furthermore, people's shifting preferences from man-made drugs to organic therapeutic methods to ensure their own well-being while leaving a minimal environmental footprint is another major factor driving peppermint oil market revenue growth. According to data from the Centers for Disease Control and Prevention from 2019,5.8 million people in the U. S. have Alzheimer's disease and related dementias, with 5.6 million of them being 65 years of age or older and around 200,000 having the disease at a younger age, which results in increasing preferences of peppermint oil for spa and relaxation centers globally.

The major factor that boosts the market growth is the increase in consumer preference for natural and organic products, be it cosmetics, food, or similar other product categories. This in turn, has led the manufacturers operating in such industries to develop products that contain natural additives. Thus, rise in usage of peppermint oil among various end-user industries coupled with factors such as rapid industrialization, increase in disposable income, and improved standards of living in emerging economies, supplement the market growth.

The factors that restrict the market growth are high price of peppermint oil, availability of synthetic substitutes, and limited availability of raw materials. Government support and favorable regulations are expected to offer lucrative opportunities for market growth. Moreover, steady rise in demand for natural aromatic fragrances and flavors in spa and relaxation applications along with cosmetics is anticipated to promote the demand for peppermint oil during the forecast period.

The onepeppermint oil market is segmented based on product type (natural peppermint oil and conventional peppermint oil), application (food and beverages, medical, cleaning and home, spa and relaxation, and others) distribution channel (direct distribution, MLM distribution, retail distribution, and others), and region the North America (U. S., Canada, Mexico), Europe ( Germany, UK, France, Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, Indonesia, Malaysia, South Korea, Singapore, Australia, and Asia-Pacific), LAMEA (Brazil, Chile, UAE, Saudi Arabia, and Rest of LAMEA) . The product type segment is further classified into natural peppermint oil and conventional peppermint oil. The natural peppermint oil is accounted for the maximum revenue share in 2021 and is anticipated to consolidate its position during the forecast period. In addition, the food & beverage industry majorly uses natural peppermint oil because of its non-harmful nature. By application, the peppermint oils market is classified into food & beverages, medical, cleaning & home, spa & relaxation, and others. cleaning and home segment is estimated be the fastest growing application segment.

Other applications, such as home cleaning products and textile products where peppermint oil serves as sweet-smelling mixes, and healthy substitutes for synthetic products are anticipated to witness sustainable development in future. By region, the market is categorized into North America, Europe, Asia-Pacific, and LAMEA.

The prominent players analyzed in this report include Aksu Vital Natural Products and Cosmetics, Aromaaz International, DōTERRA, Greenleaf Extractions Pvt. Ltd., Lebermuth, Inc., Melaleuca Inc., Mountain Rose Herbs, NOW Foods, Plant Therapy Essential Oils, and Young Living Essential Oils.

KEY BENEFITS FOR STAKEHOLDERS

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the peppermint oil market analysis from 2021 to 2031 to identify the prevailing peppermint oil market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the peppermint oil market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global peppermint oil market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By by Product Type

  • Natural Peppermint Oil
  • Conventional Peppermint Oil

By by Application

  • Spa and Relaxation
  • Others
  • Food and Beverages
  • Medical
  • Cleaning and Home

By by Distributional Channel

  • Direct Distribution
  • MLM Distribution
  • Retail Distribution
  • Others

By Region

  • North America
  • U. S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest Of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • Indonesia
  • Malaysia
  • South Korea
  • Singapore
  • Australia
  • Rest Of Asia-Pacific
  • LAMEA
  • Brazil
  • Chile
  • UAE
  • Saudi Arabia
  • Rest Of LAMEA

Key Market Players

  • Aksu Vital Natural products and Cosmetics
  • Aromaaz International
  • D?TERRA
  • Greenleaf Extractions Pvt Ltd
  • Lebermuth, Inc
  • Melaleuca Inc
  • Mountain Rose Herbs
  • NOW FOODS
  • Plant Therapy Essential Oils
  • Young Living Essential Oils
Frequently Asked Questions about the Global Peppermint Oil Market

What is the estimated value of the Global Peppermint Oil Market?

The Global Peppermint Oil Market was estimated to be valued at $331.7 million in 2021.

What is the growth rate of the Global Peppermint Oil Market?

The growth rate of the Global Peppermint Oil Market is 7.1%, with an estimated value of $658.2 million by 2031.

What is the forecasted size of the Global Peppermint Oil Market?

The Global Peppermint Oil Market is estimated to be worth $658.2 million by 2031.

Who are the key companies in the Global Peppermint Oil Market?

Key companies in the Global Peppermint Oil Market include Aksu Vital Natural Products and Cosmetics, Aromaaz International, D?Terra, Greenleaf Extractions Pvt Ltd., Lebermuth, Inc., Melaleuca Inc., Mountain Rose Herbs, Now Foods, Plant Therapy Essential Oils and Young Living Essential Oils.

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market

CHAPTER 4: PEPPERMINT OIL MARKET, BY BY PRODUCT TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Natural Peppermint Oil
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Conventional Peppermint Oil
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country

CHAPTER 5: PEPPERMINT OIL MARKET, BY BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2 Food and Beverages
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Medical
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Cleaning and Home
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Spa and Relaxation
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
5.6 Others
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market analysis by country

CHAPTER 6: PEPPERMINT OIL MARKET, BY BY DISTRIBUTIONAL CHANNEL
6.1 Overview
6.1.1 Market size and forecast
6.2 Direct Distribution
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 MLM Distribution
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Retail Distribution
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
6.5 Others
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market analysis by country

CHAPTER 7: PEPPERMINT OIL MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by by Product Type
7.2.3 North America Market size and forecast, by by Application
7.2.4 North America Market size and forecast, by by Distributional Channel
7.2.5 North America Market size and forecast, by country
7.2.5.1 U. S.
7.2.5.1.1 Market size and forecast, by by Product Type
7.2.5.1.2 Market size and forecast, by by Application
7.2.5.1.3 Market size and forecast, by by Distributional Channel
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by by Product Type
7.2.5.2.2 Market size and forecast, by by Application
7.2.5.2.3 Market size and forecast, by by Distributional Channel
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by by Product Type
7.2.5.3.2 Market size and forecast, by by Application
7.2.5.3.3 Market size and forecast, by by Distributional Channel
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by by Product Type
7.3.3 Europe Market size and forecast, by by Application
7.3.4 Europe Market size and forecast, by by Distributional Channel
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Market size and forecast, by by Product Type
7.3.5.1.2 Market size and forecast, by by Application
7.3.5.1.3 Market size and forecast, by by Distributional Channel
7.3.5.2 UK
7.3.5.2.1 Market size and forecast, by by Product Type
7.3.5.2.2 Market size and forecast, by by Application
7.3.5.2.3 Market size and forecast, by by Distributional Channel
7.3.5.3 France
7.3.5.3.1 Market size and forecast, by by Product Type
7.3.5.3.2 Market size and forecast, by by Application
7.3.5.3.3 Market size and forecast, by by Distributional Channel
7.3.5.4 Italy
7.3.5.4.1 Market size and forecast, by by Product Type
7.3.5.4.2 Market size and forecast, by by Application
7.3.5.4.3 Market size and forecast, by by Distributional Channel
7.3.5.5 Spain
7.3.5.5.1 Market size and forecast, by by Product Type
7.3.5.5.2 Market size and forecast, by by Application
7.3.5.5.3 Market size and forecast, by by Distributional Channel
7.3.5.6 Rest of Europe
7.3.5.6.1 Market size and forecast, by by Product Type
7.3.5.6.2 Market size and forecast, by by Application
7.3.5.6.3 Market size and forecast, by by Distributional Channel
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by by Product Type
7.4.3 Asia-Pacific Market size and forecast, by by Application
7.4.4 Asia-Pacific Market size and forecast, by by Distributional Channel
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by by Product Type
7.4.5.1.2 Market size and forecast, by by Application
7.4.5.1.3 Market size and forecast, by by Distributional Channel
7.4.5.2 Japan
7.4.5.2.1 Market size and forecast, by by Product Type
7.4.5.2.2 Market size and forecast, by by Application
7.4.5.2.3 Market size and forecast, by by Distributional Channel
7.4.5.3 India
7.4.5.3.1 Market size and forecast, by by Product Type
7.4.5.3.2 Market size and forecast, by by Application
7.4.5.3.3 Market size and forecast, by by Distributional Channel
7.4.5.4 Indonesia
7.4.5.4.1 Market size and forecast, by by Product Type
7.4.5.4.2 Market size and forecast, by by Application
7.4.5.4.3 Market size and forecast, by by Distributional Channel
7.4.5.5 Malaysia
7.4.5.5.1 Market size and forecast, by by Product Type
7.4.5.5.2 Market size and forecast, by by Application
7.4.5.5.3 Market size and forecast, by by Distributional Channel
7.4.5.6 South Korea
7.4.5.6.1 Market size and forecast, by by Product Type
7.4.5.6.2 Market size and forecast, by by Application
7.4.5.6.3 Market size and forecast, by by Distributional Channel
7.4.5.7 Singapore
7.4.5.7.1 Market size and forecast, by by Product Type
7.4.5.7.2 Market size and forecast, by by Application
7.4.5.7.3 Market size and forecast, by by Distributional Channel
7.4.5.8 Australia
7.4.5.8.1 Market size and forecast, by by Product Type
7.4.5.8.2 Market size and forecast, by by Application
7.4.5.8.3 Market size and forecast, by by Distributional Channel
7.4.5.9 Rest of Asia-Pacific
7.4.5.9.1 Market size and forecast, by by Product Type
7.4.5.9.2 Market size and forecast, by by Application
7.4.5.9.3 Market size and forecast, by by Distributional Channel
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by by Product Type
7.5.3 LAMEA Market size and forecast, by by Application
7.5.4 LAMEA Market size and forecast, by by Distributional Channel
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Brazil
7.5.5.1.1 Market size and forecast, by by Product Type
7.5.5.1.2 Market size and forecast, by by Application
7.5.5.1.3 Market size and forecast, by by Distributional Channel
7.5.5.2 Chile
7.5.5.2.1 Market size and forecast, by by Product Type
7.5.5.2.2 Market size and forecast, by by Application
7.5.5.2.3 Market size and forecast, by by Distributional Channel
7.5.5.3 UAE
7.5.5.3.1 Market size and forecast, by by Product Type
7.5.5.3.2 Market size and forecast, by by Application
7.5.5.3.3 Market size and forecast, by by Distributional Channel
7.5.5.4 Saudi Arabia
7.5.5.4.1 Market size and forecast, by by Product Type
7.5.5.4.2 Market size and forecast, by by Application
7.5.5.4.3 Market size and forecast, by by Distributional Channel
7.5.5.5 Rest of LAMEA
7.5.5.5.1 Market size and forecast, by by Product Type
7.5.5.5.2 Market size and forecast, by by Application
7.5.5.5.3 Market size and forecast, by by Distributional Channel

CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments

CHAPTER 9: COMPANY PROFILES
9.1 Aksu Vital Natural products and Cosmetics
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Aromaaz International
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 DōTERRA
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Greenleaf Extractions Pvt Ltd
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Lebermuth, Inc
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Melaleuca Inc
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 Mountain Rose Herbs
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 NOW FOODS
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Plant Therapy Essential Oils
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Young Living Essential Oils
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments

Executive Summary

According to this report, titled, 'Peppermint Oil Market,' the peppermint oil market was valued at $331.70 million in 2021, and is estimated to reach $658.2 million by 2031, growing at a CAGR of 6.6% from 2022 to 2031.

According to UMMC (University of Maryland Medical Center), peppermint oil can be an effective treatment for flatulence, indigestion, and irritable bowel syndrome. The use of peppermint oil fragrance is suggested by the therapist to improve memory and enhance readiness and is also used as a natural insect repellent. It is mostly cultivated in India, Italy, the U.S., Japan, and UK. It is extracted from fresh plant leaves using a steam refining process. Peppermint essential oil is steam distilled from the fragrant herb, primarily composed of the chemical components of menthol and menthone. Peppermint oil is used in aromatherapy for acne, dermatitis, asthma, bronchitis, digestive problems, colds, headaches, and fatigue.

Over the last few years, consumer awareness regarding herbal products and food is on the rise. Most of the packaged food available in the market contains a variety of chemicals, some of which are very harmful to health, such as preservatives and flavor additives. Moreover, some preservatives are linked with unfavorable effects, which can cause unpleasant reactions in consumers who are sensitive to a particular preservative or possess a potential increased risk for cancer all such factors results in the peppermint oil market trends.

In such a situation, using herbal products having no pesticides, chemicals, or processed additives and selecting natural, herbal food to minimize risk of disease, illness, and disorders is the new trend. Many consumers are avoiding chemical ingredients in their food, health food, functional food, proteins, and nutraceutical products. Hence, demand for naturally sourced ingredients such as essential oils in nutraceuticals is increasing continuously. Demand for peppermint oil is mainly increasing in developed regions of North America and Europe as consumers in this region are spending more on natural products as compared to consumers in other regions. Hence, trend of using natural ingredients in the nutraceutical industry in proving one of the major factors to propel the growth of the market. According to the World Health Organization each year, roughly 25% of the European population suffers from depression and anxiety, which account for up to 50% of chronic sick leaves in Europe, imposing a strain on the European economy. Germany is expected to remain an important market for peppermint oils.

Natural peppermint oil is an emerging segment in the peppermint essential market as consumer are Increasing demand for natural flavor across the food and beverage sector significantly drives the demand for natural peppermint essentials. As people are getting aware of the harmful impacts of synthetic flavors and additives used in various food and beverage items, they are opting for products that have natural ingredients.

According to peppermint oil industry analysis, the peppermint oil market size is segmented on the basis of product type, application, distribution channel, and region. By product type, the market is classified into natural peppermint oil and conventional peppermint oil. Among these, natural peppermint oil segment occupied the major share of the market in 2021, and is projected to maintain its dominance during the forecast period.

As per application, the market is segmented into food & beverages, medical, cleaning & home, spa & relaxation, and others. The food and beverages segment is anticipated to grow at the highest rate during the forecast period, owing to various industries now transitioning toward adoption of peppermint oils to address the rise in concerns for health safety and increase in demand for natural ingredient in products.

By distribution channel, the peppermint oil market is further segmented into direct distribution, multi-level marketing, retail distribution, and others. The direct distribution segment held the major share of the market in 2021, and is projected to maintain its dominance during the forecast period and helps in the peppermint oil market growth.

In 2021, North America accounted for more than 37% of the global peppermint oil market, and is expected to maintain its dominance during the forecast period in the peppermint oil market demand. Moreover, LAMEA is expected to possess the highest CAGRs, owing to increase in adoption of natural and organic products and rise in expenditure on health-related products in the countries. Porter's five forces analysis for the peppermint oil market highlights market competition in terms of the power of buyers, suppliers, manufacturers, and new entrants.

Although the COVID-19 pandemic had a disturbing impact over several industries, the peppermint oil market share experienced a growth during this period. Peppermint oils have antimicrobial, antioxidant, and anti-infective, properties; thus, they are utilized in treating various health conditions, including stress conditions, immunity disorders, sleep disorder, and depression.

The prominent players analyzed in this report include Aksu Vital Natural Products and Cosmetics, Aromaaz International, DōTERRA, Greenleaf Extractions Pvt. Ltd., Lebermuth, Inc., Melaleuca Inc, Mountain Rose Herbs, NOW Foods, Plant Therapy Essential Oils, and Young Living Essential oils.By product type, natural peppermint oil had the largest market share in 2021 and is further expected to grow with the highest CAGR during the forecast period.

Key Findings :

By product type, natural peppermint oil had the largest market share in 2021 and is further expected to grow with the highest CAGR during the forecast period.

By application, food & beverage is the most consumed form of peppermint oils; however, the usage of peppermint oils in cleaning & home products is expected to rise in the future.

By distribution channel, the most common method of purchase of peppermint oils is via direct distribution channels while retail distribution channels are gaining more popularity for peppermint oil purchase.

By region, North America is the largest consumer of peppermint oil products; however, Asia-Pacific is expected to grow at the highest CAGR during the forecast period.

Companies Mentioned

  • Aksu Vital Natural Products and Cosmetics
  • Aromaaz International
  • D?Terra
  • Greenleaf Extractions Pvt Ltd.
  • Lebermuth, Inc.
  • Melaleuca Inc.
  • Mountain Rose Herbs
  • Now Foods
  • Plant Therapy Essential Oils
  • Young Living Essential Oils

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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