The unprecedented COVID-19 pandemic has affected the global economy to a great extent. Considering the food industry, one of the most important sectors of the economy, a tremendous impact has been witnessed on the entire process from the field to the consumer. The restrictions in the movement of workers, closure of food production facilities, and changes in consumer demand have put excessive pressure on the food industry.
The report offers actionable and valuable market insights of Peppermint Oil. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Peppermint Oil Market across various industries and regions.
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Peppermint Oil market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Peppermint Oil
This newly published and insightful report sheds light on Market Insights of Peppermint Oil, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Peppermint Oil Market.
The peppermint oil market report delivers a comprehensive analysis of the peppermint oil market which includes a thorough assessment of prevailing trends in the essential oil industry, future opportunities, market drivers, and challenges are covered.
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The competitive landscape section of the peppermint oil market provides the users with a concise list of the market players in the peppermint oil marketplace.
Few of the profiled players in the peppermint oil market report are
- Plant Therapy Essential Oils
- Lionel Hitchen Essential Oils
- Green Fields Oil Factory
- IL Health & Beauty Natural Oils Co. Inc.
- Aromaaz International
- Natures Natural India
- Shaanxi Guanjie Technology Co.
- Young Living Essential Oils LC
- Greenleaf Extractions Pvt Ltd
- The Lebermuth Company
- Synthite Industries Ltd.
- doTerra and Bio Extracts (Pvt) Ltd.
are among the top companies operating in the global peppermint oil market.
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The peppermint oil market is marked by manufacturers engaged in foraying new business ventures, procuring certifications, and strengthening their R&D facilities. For example, in 2017, Synthite Group, a global provider of spices and essential oil ventured into the personal care segment and is likely to begin the production of soaps and hair oil.
The Lebermuth Company has recently received a Safe Quality Food (SQF) certification which is expected to enhance consumer trust in Lebermuth’s fragrance and flavor ingredients.
Another global leader in the peppermint oil market, doTERRA, recently inaugurated an Agriculture Laboratory in Nepal with an aim to contribute to strengthening agriculture education and increasing farmers’ access to advanced technology.
Peppermint oil is extracted through distillation of peppermint leaves or stems. Traditionally, the oil has been extensively used as an alternative or herbal medicine. Therapeutic benefits of the product has led to development of a slew of new medicinal items. In the recent years, demand for peppermint oil products has surged to a significant extent. These products are used for soothing muscle pain, sinus, headache, cold and stimulating body metabolism among others.
In addition, the oil finds widespread application in oral care product manufacturing because of its cooling properties and ability to tranquilize toothache, moreover, it remains a key ingredient in mouth freshener products. Also, peppermint oil is used in preparation of flavoring agents. In many occasions, it is added in various processed food items as a natural food additive. Among its other usage, the product is considered as an essential aromatherapy ingredients, which can help stimulate and relax the human body. Owing to a positive outlook of its role in maintaining a healthy skin tone, various skincare products are available in the market with peppermint oil content as well. As per the latest Fact.MR report, the global peppermint oil market will ride at CAGR of 3.9% over the forecast period (2017-2022).
Following are the important takeaways from Fact.MR’s report on the global market for peppermint oil.
- Europe is anticipate to command for the predominant revenue share of the global market during the forecast period, riding at a steady CAGR. This is mainly attributed to increasing popularity of essential oils in Europe. Also, increasing awareness about the countless health benefits of herbal or natural products is favoring the growth of the market in the region. Meanwhile, sales of peppermint oil has also witnessed a healthy uptick in Asia-Pacific excluding Japan (APEJ) region, especially in countries such as India and China.
- Natural peppermint oil will continue to have an upper hand over the organic variant throughout the assessment period as the former is projected to account for a staggering 66% market share in terms of revenue over 2022. Over US$ 442 Mn worth natural peppermint oil is likely to be sold worldwide over the next five years.
- Based on form, the absolute segment is currently commands for nearly 44% share revenue share of the market. In addition, this segment will remain highly attractive in 2017 and beyond, due to high product quality and purity.
- The increasing application of pepper min oil in cosmetics, food & beverages, toiletries, therapeutics manufacturing is anticipated to boost the growth of the global market for peppermint oil in the near future.
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More Valuable Insights on Peppermint Oil Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Peppermint Oil, Sales and Demand of Peppermint Oil, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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