The global Mentha Oil market reached a value of about USD 220 billion in 2021. The industry is projected to grow at a CAGR of around 8.5% in the forecast period of 2022-2027 to reach a value of about USD 360 billion by 2027.
The global Mentha Oil industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The various applications of the product are driving the industry. In the industry report, the key demand indicator is the highest category spender by region—Asia.
Mentha, commonly known as mint, is a genus of plants belonging to the Lamiaceae family. It is an aromatic herb known in India as Japanese pudina. Breath fresheners, toothpaste, chewing gum, and other items typically use mentha oil as a flavour. The oil is also utilised as a cigarette addiction and in medicine, cosmetics, and pesticides. The Mentha Oil industry report comprises segments by end-use (F&F, Pharmaceuticals, Industrial) and region (North America, Europe, Asia Pacific, the Middle East, Africa, and South America).
Asia holds the largest share in the market due to key players such as India and China. Furthermore, mentha oil is one of India's most frequently traded chemical commodities. It is widely employed in end-use markets such as food, medicines, and cosmetics, thus resulting in the market's expansion.
The market is being driven by the extensive application of the product in the end-user industries like aromatherapy, personal care and cosmetics, medicines, and food and beverage, which is expected to drive the market's growth. The rising awareness regarding health and relaxation is driving the market's expansion. Growing consumer inclination towards the trend of spa and leisure and the growing popularity of aromatherapy, massage oils, and personal care products has led to the industry's growth. Other factors such as a rise in disposable incomes and growing consumer inclination towards natural products made from naturally derived substances will likely propel the market forward. In addition, the rise of social media and various promotional activities by manufacturers is furthering the market growth.
The global Mentha Oil industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Mentha Oil regions, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.
The steam distillation process produces mentha oil and filters dried Mentha arvensis leaves, which may then be processed to generate menthol and other derivatives. Mentha oil and its products are widely utilised in the food, pharmaceutical, fragrance, and flavouring industries. The steam distillation process is used to obtain Mentha Oil. A golden yellow volatile oil is carved after filtering. In the extraction procedure, the leaves and blossom tips are utilised. The by-product may separate 50% of the menthol when it has cooled. Peppermint oil may be made from residual oil.
The industry is witnessing growth due to the product's employment in the food and beverage sector is further propelling the industry's expansion. Mentha oil is used to give the items a particular flavour and scent. Menthol is used to treat common colds, mouth and throat irritation, and as a flavouring ingredient in food and drinks, and its characteristic minty flavour makes it popular in confectioneries. Furthermore, Express delivery of items such as experimental medical devices, clinical supplies, and patient samples, for example, is crucial for healthcare purchasers. Also, Rapid technical advances in oil extraction processes are expected to boost output and positively impact growth.
The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.
India controls the majority of the worldwide mentha oil market. In India, the state of Uttar Pradesh produces the most mentha, with Punjab and Haryana sharing the rest. Various makers of food, medicines, cosmetics, tobacco, pan masala, perfumes, confectionaries, and house cleaning goods use these firms' products.
1. Executive Summary
2. Mentha Oil Market Snapshot
2.1. Mentha Oil Market Outlook
2.2. Mentha Oil Industry Analysis By End-Use
2.3. Regional Overview
2.3.1. North America
2.3.3. Asia Pacific
2.3.4. Latin America
2.3.5. Middle East & Africa
3. Impact of Recent Events
4. Mentha Oil Value Chain Analysis
5. Mentha Oil Production Process
6. Trade Analysis
7. Major Risk Factors in Sourcing
8. Mentha Oil Cost Structure
9. Mentha Oil Price Analysis
10. Key Demand Indicator Analysis
11. Key Price Indicator Analysis
12. Mentha Oil Market Dynamics
12.1. Drivers & Constraints
12.2. Industry Events
12.3. Innovations & Trends
12.4. Swot Analysis
12.5. Porter’s Five Forces
12.5.1. Buyer Power
12.5.2. Supplier Power
12.5.3. Threat of New Entrants
12.5.4. Threat of Substitutes
12.5.5. Industry Rivalry
13. Industry Best Practices
13.1. Sourcing Strategy
13.2. Procurement Model
13.3. Contract Structure
13.4. Negotiation Levers
13.5. Pricing Model
13.6. Key Factors Influencing the Quotation
14. Key Supplier Analysis
14.1. Robertet Group
14.2. The Biolandes Group
14.3. H. Reynaud & Fils GmbH
14.4. Lebermuth Inc.
14.5. Sydney Essential Oils Company
The global Mentha Oil market size was valued at USD 220 billion in 2021.
As per the end-use provided, the F & F segment is anticipated to lead the market between 2022 and 2027.
The significant demand for the substance in various industries is one of the essential drivers of the Mentha Oil market growth.
Robertet Group,Biolandes SA,H.Reynaud & Fils GmbH, The Lebermuth Company, and Sydeny Essential Oils Co. are some of the important companies in the market.
The Asia region of the Mentha Oil industry holds a significant share in the market.
The global Mentha Oil market attained a value of USD 220 billion in 2021, driven by the extensive application of the product in the end-user industries like aromatherapy, personal care and cosmetics, medicines, and food and beverage. Aided by the rapid technological advances in oil extraction processes are expected to boost output and have a beneficial impact on growth; thus, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 8.5%. The market is projected to reach USD 360 billion by 2027. Some of the leading players in the industry are Robertet Group, Biolandes SA, H.Reynaud & Fils GmbH, The Lebermuth Company, and Sydeny Essential Oils Co.
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