Fatpos Global has released a report titled “Mint Essential Oil Market - Analysis of Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2031” which is anticipated to reach USD 24.12 billion by 2031. According to a study by Fatpos Global, the market is anticipated to portray a CAGR of 9.25% between 2021 and 2031. According to the report, the growing demand for products filled with natural and organic ingredients, coupled with an increase in the application of home and personal care products by customers with changes in lifestyles, and growing per capita income is proving to be a driving factor for the mint oil market.
The market report on the global Mint Essential Oil Market includes in-depth insights as:
“The growing awareness among customers about health issues caused due to the consumption of products with chemicals and artificial flavors is fueling them towards several natural products. Mint oils are natural, and are used to impart aroma and flavor to several food and beverages. The 'move to natural and organic formulations' trend is likely to grow. Thus, the demand for food and beverage products with natural ingredients such as mint oil is predictable to grow during the forecast years”, said a lead analyst at Fatpos Global.
Mint oil is an obtained from several parts of the Mint plant. Mint oil is produced by the steam distillation process just before the flowering stage. Mint oil is used in the food & beverage industries to transfer natural mint flavor to many beverages, ice creams, sweets & desserts, as well as confectionary products.
Based on application, global Mint Essential Oil Market fragmented into Aromatherapy, Cosmetics and Personal Care, Food & Beverages, Home Care Products and Other Industrial Uses. Aromatherapy is the application of aromas from natural products for the treatment of many physical as well as emotional conditions. Mint oil is used in aromatherapy for several uses such as massages, inhalation, bathing, perfumes, etc. Mint oil is known to decrease anxiety, vomiting, and pain, as well as raise alertness and enhance memory. There is rising demand for mint oil as a result of the rising preference of consumers for natural alternatives in place of synthetic and chemical treatments. The growing preference of consumers for aromatherapy is predictable to be a prominent driver for the mint oil market.
Key Players in the Market
Some of the key players operating in the global Mint Essential Oil Market are H Reynaud et Fils Ltd., Flavex Naturextrakte GmbH, Sydney Essential Oil Co., Rocky Mountain Essential Oils, Bhagat Aromatics Ltd, Veda oils, BMV Fragrances Pvt. Ltd., Mentha Essential Oil, The Lebermuth Company, Inc., Essex Laboratories LLC and Other Prominent Players
Get Valuable Insights into Global Mint Essential Oil Market
In the new report, Fatpos Global thrives to present an unbiased analysis of the global Mint Essential Oil Market that covers the historical demand data as well as the forecast figures for the period, i.e., 2021-2031. The study includes compelling insights into growth that is witnessed in the market. Global Mint Essential Oil market is segmented by Type into Citrus, lavender, rosemary, tea tree, Peppermint, Citronella, and Others; By Application into Aromatherapy, Cosmetics and Personal Care, Food & Beverages, Home Care Products and Other Industrial Uses. Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific and Middle East and Africa.
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