Global Mint Essential Oils Market, Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029

Mint Essential Oils Market Overview:

Mint Essential Oils Market was valued at $24 million in 2020 & is projected to reach $34 million by 2030. It is expected to grow at a 5% CAGR between 2021 and 2030.

Essential oils, also known as volatile oils, are obtained from roots, flowers, stems, leaves, and other plant parts. Essential oils have aroma compounds and impart the essence of plants. Essential oils have medicinal properties and also have applications in the pharmaceutical industry.

Mint essential oil is extracted, using a steam distillation process, from stems and flowers of the mint herb. Mint oil can aid in digestive system stimulation, soothing headache, colds, muscle pain, sinusitis, etc.

Mint oil is also used in oral care products as it has a cooling effect and can reduce the growth of bacteria, which causes bad breath.

Mint essential oil is also used in the food and beverage industry and is considered a safe natural food additive. Mint oil is used in aromatherapy and helps to stimulate and relax the body. Mint essential oil acts as a skin toner and is used as an ingredient in cosmetic products.

Mint Essential Oils Market Dynamics:

Increasing usage of mint essential oils in personal care and cosmetics products, in aromatherapy, as an ingredient in food and beverages, and in the pharmaceuticals industry is projected to drive the growth of the global mint essential oils market.

Another factor expected to support the market's growth is rapid technological advancements in extraction methods of oils. The top application segment in the global mint essential oils market is a spa, which includes sub-segments such as massage oils, aromatherapy, personal care products fragrances, cosmetics, and toiletries.

Essential mint oil is used majorly in confectioneries, bakery products, ready-to-eat meals, dairy products, seafood, meats, nutritional bars, and snacks.

Increasing inclination toward personal care and cosmetics products with organic and natural ingredients and increasing consumer disposable income are projected to further drive the market's growth over the forecast period.

The increasing prominence of aromatherapy is attributed to changing lifestyles coupled with the increasing influence of media channels and product visibility, which is expected to fuel the market's growth over the forecast period.

Global Mint Essential Oils Market Segment Analysis:

By Product: Among the product segments, the corn mint oil segment is projected to account for the majority revenue share in the global market and the trend is expected to continue over the forecast period.

By Application: The spa & relaxation segment has been gaining traction among the application segments.

Global Mint Essential Oils Market Regional Analysis:

The market in Europe is projected to account for the highest revenue share over the forecast period. This is attributed to the presence of established industries such as cosmetics, personal care, flavors, and fragrances in countries in the region.

Global Mint Essential Oils Market Segmentation:

By Product:

• Corn Mint Oil
• Peppermint Oil
• Spearmint Oil
• Dementholized Peppermint Oil

By Application:

• Medical
  • Pharmaceutical
  • Nutraceuticals
• Food & Beverages
  • Bakery
  • Confectionery
  • Dairy
  • Ready to Eat Meals
  • Beverages
  • Meat, Poultry & Seafood
  • Snacks & Nutritional Bars
• Spa & Relaxation
  • Aromatherapy
  • Massage Oil
  • Personal Care

• • • Cosmetics

• • • • Hair Care
      • Skin Care
      • Sun Care
      • Makeup and Color Cosmetics
    • Toiletries
      • Soaps
      • Shampoos
      • Men's Grooming
      • Oral Care
      • Baby Care
    • Fragrances
      • Perfumes
      • Body Sprays
      • Air fresheners
• Cleaning & Home
  • Kitchen Cleaners
  • Floor Cleaners
  • Bathroom Cleaner
  • Fabric Care

By Usage:

• Direct Usage
• Indirect Usage

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa