Peppermint Oil Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Peppermint Oil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Peppermint Oil Price Trend for the Second Half of 2023

Peppermint Oil price trends were observed to be oscillating throughout the given span. The beginning of the third quarter saw some notable surges in the peppermint prices. In India, the market grew by around 18% in August because of the anticipated decline in production yields.

Peppermint Oil Price Chart

Peppermint Oil Price Trends

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This stood true as the production saw some reductions. However, despite this fall in available supply volumes, the price trend took an unpredictable turn in the fourth quarter. Suppliers were preparing for a higher volume of orders, while on the other hand, the prices started falling during the last quarter. The various geopolitical scenarios played out negatively for peppermint oil prices. Overall, a varying market performance was witnessed.

Analyst Insight

According to Procurement Resource, Peppermint Oil price trends are not likely to improve anytime soon. Given the supply and demand outlook, the same pattern will continue for some time in the coming months.

Peppermint Oil Price Trend for the First Half of 2023

Peppermint Oil is produced by the steam distillation of Mentha and Piperita L. plants. It has refreshing, cooling, and anti-irritant properties, so it is consumed generously by the flavor, fragrance, cosmetic, personal care, pharma, and food industries.

Since around 50% composition is menthol in Peppermint Oil, their price trend align closely. During the first two quarters of 2023, the Peppermint Oil market performance was not par, considering the versatility of its usage.

The FMCG industries were experiencing a depressing stagnancy in the global market amidst high levels of Peppermint Oil inventory stocks. So, with feeble demands, the consumption sector didn’t pose many demands for Peppermint Oil. Suppliers had to keep discounting the market prices in order to promote stock movement. Overall, dull market sentiments were observed.

Analyst Insight

According to Procurement Resource, supplies are consistently overpowering the demands for Peppermint Oil. This is why a balanced dynamic between the two seems a distant idea.

Procurement Resource provides latest prices of Peppermint Oil. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

Platform Sample

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This oil is derived from the flowering herb Mentha x Piperita L. It is a colourless to pale greenish-yellow liquid having a characteristic peppermint odour. It has refreshing, cooling, and anti-irritant properties. Further, menthol accounts for more than 50% of the content of Peppermint Oil.

Product Details

Report Features Details
Product Name Peppermint Oil
Synonyms 8006-90-4, Mentha Piperita oil, Oil of peppermint , Peppermint terpenes
Industrial Uses Flavour and fragrance, Personal care products and cosmetics, Medicines and pharmaceuticals, Culinary applications
Supplier Database Berjé Inc, Fleurchem, Inc., Labbeemint, Treatt Plc, Ultra International B.V.
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Processes

  • Production of Peppermint Oil via Steam distillation

In this process, steam distillation of the fresh, overground parts of the flowering plant, Mentha x Piperita L. results in the formation of Peppermint Oil.


The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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