(MENAFN – GetNews) According to the latest report from Grand View Research, Inc. on the market for mint essential oils during this testing period of COVID-19, much research claimed that inhaling crushed mint or mint essential oil could be an adjuvant therapeutic strategy with COVID -19 to fight.
The globe Mint Essential Oils Market According to a new report from Grand View Research, Inc., demand is estimated at $ 330.02 million through 2025, a CAGR of 9.2% over the forecast period. Demand for the product is expected to reach 66.38 kilotons by 2025. Growing Demand for Flavors Active ingredients are expected to drive growth in a diversified spectrum of end-use industries such as food and beverage, pharmaceuticals, and personal care and cosmetic products. In addition, increasing research and development into the beneficial uses of mint oils, coupled with technological advances in extraction methods such as steam distillation, has resulted in a significant increase in mint oil production for commercial applications. This factor is expected to fuel the growth of the Mint Essential Oils market over the forecast period. In addition, several general essential oil health benefits are forecast to drive demand for essential oils in pharmaceutical and medical applications.
In addition, the increasing consumer inclination towards products based on natural and organic ingredients is expected to exponentially increase the demand for mint essential oil from the consumer product manufacturing industry. In addition, widespread urbanization coupled with the increasing influence of social media has made natural medicinal treatments based on plant extracts such as aromatherapy popular. Mint essential oil is widely used in aromatherapy for stress relief. This should also fuel the growth of the mint essential oils market in the coming years. According to the latest report from the International Federation of Aromatherapists, breathing oils like Peppermint may help improve the breathing capacity of the patient suffering from mild symptoms of COVID-19 (who has not been hospitalized). This is not a cure, but it will certainly bring some relief to the patient.
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Highlights of Mint Essential Market report
• • Rapid technological advances in oil production methods are expected to boost production and positively impact growth.
• • Cornmint Oil developed into the dominant product segment in 2018 with a market share of more than 60% of sales.
• • The spa and relaxation application segment held the market share with the highest turnover in 2018. Application in personal care products such as soap, shampoos, perfumes and toiletries add value and flavor to the end product and is therefore expected to drive demand for the product in the years to come.
• • Internet-based online usage is expected to show lucrative growth in the forecast period. As a result, the importance of traditional use is likely to decrease in the near future.
• • Europe developed into the regional segment with the highest sales in 2018. The strong presence of established industries such as personal care and cosmetics as well as flavors and fragrances is likely to be the most important regional growth driver for the region in the forecast period.
• • Key players in the mint essential oils market include Reynaud & Fils (HRF), Flavex Naturextrakte GmbH, Essential Oils from India, Sydney Essential Oil Co. (SEOC), Moksha Lifestyle Products and Essential Oils from Rocky Mountain.
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Mint Essential Oils Market Segmentation
Grand View Research has segmented the global Mint Essential Oils Market by Product, Application, Use, and Region:
Mint Essential Oils Product Outlook (Volume, Tons; Revenue, USD Thousand, 2014-2025)
- Corn mint oil
- Peppermint oil
- Mint oil
- Dementholized peppermint oil
Outlook on Mint Essential Oils Uses (Volume, Tons; Revenue, Thousands USD, 2014-2025)
- Medical-pharmaceutical
- Nutraceuticals
- Toiletries soaps
- Shampoos
- Care for men
- Oral care
- Infant care
- Cleaning & kitchen cleaner
- Floor cleaner
- Bathroom cleaner
- Fabric care
Mint Essential Oils Usage Outlook (Volume, Tons; Revenue, $ thousands, 2014-2025)
- Direct use
- Indirect use
Regional Outlook for Mint Essential Oil (Volume, Tons; Revenue, USD thousands, 2014-2025)
- North America USA
- Canada
- Mexico
- Asia Pacific China
- India
- Japan
- Taiwan
- South Korea
- Singapore
- Australia
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Via Grand View Research
Grand View Research is an India and US based market research and advisory firm headquartered in San Francisco providing syndicated research reports, bespoke research reports, and advisory services. The company’s extensive database includes in-depth analysis across a range of industries including chemistry, materials, energy, healthcare, and technology.
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