The mint essential oils market has seen rapid growth, increasing from $11.55 billion in 2023 to $12.96 billion in 2024, with a CAGR of 12.2%. This growth is fueled by rising awareness of natural products, their applications in traditional medicine, and increasing popularity in aromatherapy. The market is expected to grow to $12.4 billion by 2028, at a CAGR of 20.66%. Factors driving this growth include a preference for organic products, rising disposable incomes, and expanding e-commerce platforms. Major trends include increasing demand for organic mint essential oils, their applications in natural cosmetics, and greater emphasis on sustainable sourcing practices.
Major Driver In The Mint Essential Oils Market
The rising interest in organic and natural products is projected to advance the mint essential oils market. Consumers increasingly favor products produced according to strict organic standards, driven by health consciousness and environmental awareness. Mint essential oils, commonly used in organic foods for flavor enhancement, align with this trend. The Organic Trade Association reported that organic industry sales surpassed $63 billion in June 2022, with organic food sales reaching $57.5 billion. This growing demand for organic and natural products is significantly boosting the mint essential oils market.
Request A Free Sample Of The Mint Essential Oils Market Report
Mint Essential Oils Market Competitive Landscape
Doterra International LLC, Young Living Essential Oils LC, Synthite Industries Ltd., Frontier Co-op, Mountain Rose Herbs, The Lebermuth Company Inc., Vinayak Ingredients India Private Limited, Rocky Mountain Oils LLC, Ultra International B.V., NOW Foods, BMV Fragrances Pvt. Ltd., Plant Therapy LLC, Kama Ayurveda Pvt Ltd, Foodchem International Corporation, AOS Products Pvt. Ltd., Arora Aromatics Pvt. Ltd., Moksha Essentials Inc, Bhagat Aromatics Ltd, Essex Laboratories LLC, Hindustan Mint & Agro Products Pvt. Ltd., Edens Garden LLC, Aromaaz International Pvt Ltd, Kanta Chemical Co, Organic Infusions Inc.
Key Mint Essential Oils Market Trend
Major companies in the mint essential oils market are launching pure essential oils to satisfy the growing consumer preference for natural and organic products. Pure essential oils, derived from genuine botanical sources without additives, provide therapeutic benefits. In February 2023, Zed Black, an Indian incense stick manufacturer, introduced Orva Naturals, a range of six 100% pure essential oils, including lavender, lemongrass, tea tree, orange, peppermint, and rosemary. These oils are free from synthetic fragrances, promoting wellness and serenity, with peppermint oil offering versatile applications for fatigue relief and mood enhancement.
Purchase The Global Mint Essential Oils Market Report Directly And Get A Swift Delivery
Mint Essential Oils Market Segmentation
The mint essential oils market covered in this report is segmented –
1) By Type: Citrus, Lavender, Rosemary, Tea Tree, Peppermint, Citronella, Other Types
2) By Distribution Channel: Business To Business, E-Commerce, Hypermarket And Supermarket, Other Retail Formats
3) By Application: Medical, Food And Beverages, Spa And Relaxation, Cosmetics, Toiletries, Fragrances, Cleaning And Home
By Geography:The regions covered in the mint essential oils market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Europe was the largest region in the mint essential oils market in 2023.
The Mint Essential Oils Global Market Report 2024 furnishes information about the global mint essential oils market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
