Global Spearmint Oil Market indicating Industry Size, Demand, Trends and Forecast till 2022

Posted on 2018-06-08 by Mark Hub in Food & Beverage // 0 Comments

ROCKVILLE, US, 2018-Jun-08 — /EPR Network/ — Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth of Spearmint Oil Market. The study is titled as “Spearmint Oil Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022”, which deeply analyses the global market trends, with historical data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of 2017-2022. For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the Global Spearmint Oil Market.

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Growing prevalence of indigestion and respiratory problems has led to a robust demand for spearmint oil in the healthcare industry. Attributed to health-related benefits, spearmint oil is likely to witness an upsurge in demand among the personal care and cosmetic product manufacturers. Such factors are likely to impact the global market positively. According to a recent report published, the global spearmint oil market will register a steady CAGR growth over the forecast period, 2017 – 2022.

Healthcare Industry to Witness Significant Demand

Application of spearmint oil extends beyond the food industry. Attributed to various health-related benefits, this oil witnesses an upsurge in demand for treating indigestion, common cold, and respiratory problems. Spearmint oil is also used as a disinfectant for protecting and healing internal wounds in intestines, stomach, and food pipeline. Manufacturers operating in the healthcare industry witness significant demand for spearmint oil attributed to the antispasmodic and antiseptic qualities.

Consumption in the Personal Care Industry

Spearmint oil is used in production of mosquito repellant and fumigants attributed to the anti-inflammatory properties. Apart from its use an insecticide, spearmint oil is also used to soothe itching, swelling, inflamed skin and redness. Due to such factors, manufacturers producing personal care products witness a considerable demand for spearmint oil.

Aromatherapy to Boost Growth of the Global Market

Use of spearmint oil is not only limited to healthcare and personal care industries. Attributed to restorative fragrance and revitalizing properties, spearmint oil is increasingly used in aromatherapy. Manufacturers operating in the therapeutic industry witness considerable demand for production of essential oils. Such factors are likely to contribute towards growth of the global spearmint oil market significantly.

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Considerable Consumption among Cosmetic Manufacturers

Rich antiseptic and anti-oxidant qualities of spearmint oil is predicted to extend its application in the cosmetic industry. Spearmint oil is increasingly used for reducing skin imperfections and wrinkles. Application of this oil also increases elasticity and resilience of skin. Bound to such factors, spearmint oil is witnessing considerable demand among cosmetic manufacturers.

On the other hand, consumption of spearmint oil by pregnant women could adversely affect their health attributed to its emenagogue properties. Moreover, availability of substitute products is likely to impact demand for spearmint oil in various industries negatively. Such factors are predicted to inhibit growth of the global spearmint market during the predicted period.

Competition Tracking

Companies such as Aromaaz International, DoTERRA International, Lionel Hitchen Essential Oils, Plant Therapy Essential Oils, Synthite Industries Ltd., The Lebermuth Company Inc, Young Living Essential Oils, Green Fields Oil Factory, IL Health and Beauty Natural Oils Co., Inc, and Aksuvital are anticipates to remain active in the expansion of global spearmint oil market.

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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Food & Beverages Market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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