Global Peppermint Oil Market 2020 (Includes Business Impact of COVID-19)
- TBI880106
- April 29, 2020
- Global
- 149 pages
- Market.US
“Global Peppermint Oil Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by Trusted Business Insights. The global peppermint oil market report has been segmented on the basis of application, and region.
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Global Peppermint Oil Market: Overview
Peppermint oil is derived from peppermint plant and mostly used in the medicines due to its therapeutic benefits. Peppermint oil has many health benefits including simulation of digestive system and relaxing the cold, headaches, muscle pain, sinus etc. It is widely used in the oral care products because of its cooling effect and capability to finish the bacteria that is responsible for bad breath. In addition, peppermint oil is extensively used in food & beverage industry for flavoring purpose as natural food additive, and as fragrance in cosmetics and soaps.
Global Peppermint Oil Market: Dynamics
Growing demand for peppermint oil from food & beverage industry is a major factor expected to drive revenue growth of global peppermint oil market over the forecast period. In addition, rising adoption of peppermint oil in aromatherapy treatments for various purpose such as massages, bathing, inhalation, perfumes, etc. is expected to drive the global peppermint oil market growth. Moreover, rising disposable income and growing consumer preference about personal care products has been driving growth of the global peppermint oil market over the forecast period. Growing consumer awareness about the benefits of using natural and organic products are anticipated to trigger the growth of the market. Also, peppermint oil is a great insect repellent, and is used in many insect repellents, creams, and formulations which in turn is expected to increase demand and adoption of peppermint oil in the near future.
However, the high manufacturing cost of peppermint oil, coupled with declining rate of production of the peppermint oil may hamper the global peppermint oil market growth to a certain extent.
Global Peppermint Oil Market: Segment Analysis
Among the end-use application segments, the cosmetic segment is expected to account for significant share in terms of revenue in the global market over the forecast period. Increasing use of peppermint oils in hair and skin products, due to growing trend for natural products is a factor fueling growth of cosmetic segment in the global peppermint oil market over the forecast period. The aromatherapy and pharmaceuticals segment is expected to account for considerable revenue share in the global market in terms of revenue contribution. Increasing adoption of various pharmaceutical products such as medicated oils, analgesic balms, and rubbing alcohol is a major factor expected to drive growth of the segment.
Global Peppermint Oil Market: Region Analysis
The Europe peppermint oil market is expected to account for major revenue share in the global market, followed by North America market. Rising consumer preference for natural essential oils and increasing demand for peppermint oil in cosmetics and pharmaceutical industry are key factors expected to drive growth of the target market in this region over the forecast period.
Market in Asia Pacific is expected to register significant growth rate in the global market, owing to rising disposable income, growing pharmaceutical sector, and high demand for confectionary products such as chewing gum, candies, and throat lozenges in countries such as China, India, and Japan in this region. Middle East & Africa and Latin America markets are expected to register lucrative growth in terms of revenue, due to high popularity of peppermint oil due to various medicinal properties among individuals in the region.
Global Peppermint Oil Market Segmentation:
Segmentation by end-use application:
Food & Beverages
Cosmetics & Personal Care Products
home Care Products
Aromatherapy and Pharmaceuticals
Others (Cigarette and Chewing Tobacco)
Table of Contents Chapter 1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumptions 1.3. List of Data SourcesChapter 2. Executive SummaryChapter 3. Global Peppermint Oil Market Outlook 3.1. Market Segmentation 3.2. Market Size and Growth Prospects, 2016 - 2027 3.3. Value Chain Analysis 3.4. Market Dynamics 3.4.1. Market driver analysis 3.4.2. Market restraint analysis | read more...
