The global Wild Mint Oil market was valued USD 5.21 billion in 2022 and is projected to grow at a CAGR of 4.8% during the forecast period 2023 to 2030.
Market Overview
Aromatic essential oils are becoming more popular because more people are concerned about their health and use herbal supplements. Wild mint oil is one of the aromatic essential oils that are made from the Mentha canadensis plant’s resin. Because it contains active ingredients like – and -caryophyllene, wild mint oil is very useful in cosmetics and herbal medicine. Wild mint oil is used in skin care as a moisturizer for dry skin and mature skin. It is also used in cleansers, soaps, and other personal care products as a fixative, a modifier, and a blender. Wild mint oil is also used in perfumes because it has a smell that makes people want to buy it. Wild mint oil has healing properties like being antispasmodic, antiseptic, good for tofu, and good for getting rid of worms. Wild mint oil can help with digestion, dental health, and stomachaches. Wild mint oil improves breathing and circulation, boosts the immune system, and protects against free radicals. Wild mint oil is also used as a liquid in vaporizers and as a cough suppressant and fever reducer. Because of these things, the value and amount of global wild mint oil are expected to rise over the next few years.
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Based on how they are used, the mint oils market is split into oral products, confectionary products, pharmaceutical products, tobacco products, and fragrance products. From a geographical point of view, the market is split into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Based on types, the Wild Mint Oil Market is segmented into:
Organic
Conventional
Based on application, the Wild Mint Oil Market is segmented into:
Pharmaceuticals
Cosmetics
Personal Care
House Care
Aromatherapy
By distribution:
Direct
Indirect
Supermarket/Hypermarket
Pharmaceuticals
Specialty stores
E-commerce
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Peppermint Jim, LLC, a subsidiary of Marani Brands, Inc., released Cocoamint Lip Balm in December 2017. Peppermint oil and natural chocolate cream flavor are in the product. This new product will help the company add more lip balms to its line.
Regional Analysis
The mint oil market is expected to grow the most in Europe because more and more people want to use it in toothpaste and candy. The mint oil market in North America will grow because the product is being used more in tobacco products. In Asia and the Pacific, demand is going up because the pharmaceutical industry is growing quickly, which is also driving up the use of mint oil in different pharmaceutical applications. Due to the use of the products in aromatherapy treatments, the Middle East and Africa are expected to see a lot of growth.
Regional Wild Mint Oil Market coverage (Regional Status, Demand Forecast, Country Trends, etc.):
North America, Europe, China, Japan, Southeast Asia, India.
North America (USA, Canada, and Mexico).
Europe (Germany, France, UK, Russia and, Italy).
Asia-Pacific (China, Japan, Korea, India and, Southeast Asia).
Key segments covered in Wild Mint Oil Market include:
Wild Mint Oil Market Growth Drivers and Barriers.
Market Trends, Market Opportunities, Porter’s Five Forces Analysis.
Market Overview, Industry Development, Market Maturity, Value Chain Analysis.
Regional and Country Level Analysis.
Trends and Forecasts for Market Segments.
Market Analysis and Various Recommendations.
Key market forces.
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UAB Saflora, Aromaaz International, Aksu Vital Natural Products and Cosmetics,
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