Peppermint oil market is estimated to grow at a steady pace while reporting a CAGR of 3.9% during the forecast period of 2017 – 2024. As per Fact.MR valuation, growing preference for complementary and alternative medicines and increasing reliance on natural remedies are few of the vital fillips responsible for the US$ 671 Mn market for peppermint oil by the end of 2024.
Recognition of peppermint oil as a GRAS product is another key factor responsible for the increasing adoption of peppermint oil across industries, particularly aromatherapy, F&B and therapeutics.
The following insights and evaluations are worth knowing for any market participant, helping them in ascertaining the prevailing dynamics and the future trajectories of the Peppermint Oil Market. They are a part of the estimations of the opportunities in various segments. The additional new opportunities have turned the Peppermint Oil Market into a fragmented landscape with more entry-level players entering the market, thanks to low barriers for investments.
The research report published by Fact.MR on the Peppermint Oil Market provides a detailed overview of the demands and consumptions of various products/services associated with the growth dynamics of the market during the forecast period 2024 to 2031. The in-depth market estimation of various opportunities in the segments is expressed in volumes and revenues. The insights and analytics on the Peppermint Oil Market span several pages. These are covered in numerous sections, including, drivers and restraints, challenges and opportunities, regional segmentation and opportunity assessment, end-use/application prospects analysis, and competitive landscape assessment.
After reading the Peppermint Oil Market report, readers get insight into:
- Major drivers and restraining factors, opportunities and challenges, and the competitive landscape
- New, promising avenues in key regions
- New revenue streams for all players in emerging markets
- Focus and changing role of various regulatory agencies in bolstering new opportunities in various regions
- Demand and uptake patterns in key industries of the Peppermint Oil Market
- New research and development projects in new technologies in key regional markets
- Changing revenue share and size of key product segments during the forecast period 2024 to 2031
- Technologies and business models with disruptive potential
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Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Japan
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
- Middle East and Africa (GCC Countries, Turkey, Iran, Israel, South Africa , Rest of MEA)
Competitive Landscape
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, Aksuvital, Natures Natural India, Shaanxi Guanjie Technology Co., Young Living Essential Oils LC, Biolandes, 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.
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 of 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.
Some important questions that the Peppermint Oil Market report tries to answer exhaustively are:
- Key strategic moves by various players in the Peppermint Oil Market in recent years with respect to product launches, deals and tie-ups, and mergers and acquisitions, and divestment of shares
- Which strategies will enable top players in the Peppermint Oil Market to expand their geographic footprints
- Which new business models are expected to change the course of growth of key regional markets in near future
- Which technologies will witness most attractive research investments and what will be the key sources of funding for startups and new entrants
- Which products segments have in recent years have seen new, lucrative application areas
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