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Mint Market - Forecasts from 2025 to 2030

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    Report

  • 135 Pages
  • January 2025
  • Region: Global
  • Knowledge Sourcing Intelligence LLP
  • ID: 5682014
The global mint market is projected to grow at a CAGR of 4.64%, from US$7.740 billion in 2025 to US$9.709 billion in 2030.

Mint is a widely utilized herb, prized for its refreshing aroma and flavor, and is commonly employed in culinary, medicinal, and cosmetic applications. The genus Mentha includes various species such as spearmint (Mentha spicata), peppermint (Mentha × piperita), and wild mint (Mentha arvensis). The primary active component of mint, menthol, imparts its cool and refreshing qualities. In culinary uses, mint enhances the flavor of beverages, desserts, sauces, and savory dishes. Medicinally, it aids digestion, alleviates headaches, and soothes respiratory issues. Its essential oils are prevalent in products like toothpaste, mouthwash, and skincare items, making mint a versatile and cherished plant. The mint market is on the rise due to its extensive applications in food, beverages, cosmetics, and pharmaceuticals. Peppermint and spearmint are particularly valued for their essential oils as flavoring agents in confectionery, chewing gums, teas, and beverages. Additionally, the herb's medicinal properties - such as its digestive benefits and cooling effects - make it popular in both traditional and modern medicine as well as aromatherapy.

Drivers of the Global Mint Market:

  • Growing Demand for Healthy Food and Improved Oral Hygiene: Increasing health consciousness among consumers is driving the demand for sugar-free mints that promote oral health. Many consumers seek breath mints and chewing gums containing ingredients like xylitol to help maintain healthy teeth and gums. This shift towards healthier options is boosting the demand for mint products. Additionally, stronger mints are gaining popularity among individuals dealing with bad breath or other oral hygiene concerns.
  • Health Benefits of Mint: The numerous health benefits associated with mint consumption are also propelling market growth. Mint is recognized for providing relief from nausea, headaches, respiratory disorders (such as coughs), and even depression. Its incorporation into beauty and cosmetic products for improving skin texture and combating acne further enhances its appeal.

Geographical Outlook of the Mint Market:

  • Global Market Segmentation: The global mint market is divided into five regions: North America, South America, Europe, the Middle East and Africa, and Asia Pacific. In North America, the market is expected to maintain a significant share due to an increasing variety of mint products available to consumers. This includes herbs, spices, and breath mints tailored to meet diverse consumer preferences.
  • Oral Hygiene Trends: The rising use of mints and mouthwashes among individuals who smoke or consume alcohol - often to mask odors - also contributes to market growth. Busy lifestyles have led many consumers to rely on mouthwashes as convenient alternatives for maintaining oral hygiene.
  • Asia-Pacific Market Dynamics: The Asia-Pacific region benefits from a strong agricultural foundation in countries like India and China, which are leading producers of mint and its derivatives. There is a growing demand for natural and herbal products in food, beverages, and personal care items. Rising health awareness has increased interest in mint-based products such as herbal teas, digestive aids, and aromatherapy oils.
The confectionery and oral care industries continue to thrive with mint as a key ingredient. Additionally, urbanization trends combined with rising disposable incomes are driving demand for premium mint products in Asia-Pacific. In summary, the global mint market is experiencing robust growth driven by health-conscious consumer preferences for natural flavors and products enriched with mint's beneficial properties across various sectors.

Reasons for buying this report:

  • Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, other sub-segments.
  • Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
  • Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape up future market developments.
  • Actionable Recommendations: Utilize the insights to exercise strategic decision to uncover new business streams and revenues in a dynamic environment.
  • Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.

What do businesses use our reports for?

Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence.

Report Coverage:

  • Historical data & forecasts from 2022 to 2030
  • Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
  • Competitive Positioning, Strategies, and Market Share Analysis
  • Revenue Growth and Forecast Assessment of segments and regions including countries
  • Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

The global mint market has been segmented as following:

  • By Product Type
    • Peppermint
    • Spearmint
    • Others
  • By Distribution Channel
    • Online
    • Offline
      • Supermarkets/Hypermarkets
      • Grocery Stores
      • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Rest of South America
    • Europe
      • United Kingdom
      • Germany
      • France
      • Italy
      • Spain
      • Rest of Europe
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Rest of the Middle East and Africa
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • Taiwan
      • Thailand
      • Indonesia
      • Rest of Asia-Pacific

Table of Contents

1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base and Forecast Years Timeline
1.8. Key benefits for the stakeholders
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Process
3. EXECUTIVE SUMMARY
3.1. Key Findings
3.2. Analyst View
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. GLOBAL MINT MARKET BY PRODUCT TYPE
5.1. Introduction
5.2. Peppermint
5.3. Spearmint
5.4. Others
6. GLOBAL MINT MARKET BY DISTRIBUTION CHANNEL
6.1. Introduction
6.2. Online
6.3. Offline
6.3.1. Supermarkets/Hypermarkets
6.3.2. Grocery Stores
6.3.3. Others
7. GLOBAL MINT MARKET BY GEOGRAPHY
7.1. Global Overview
7.2. North America
7.2.1. United States
7.2.2. Canada
7.2.3. Mexico
7.3. South America
7.3.1. Brazil
7.3.2. Argentina
7.3.3. Rest of South America
7.4. Europe
7.4.1. United Kingdom
7.4.2. Germany
7.4.3. France
7.4.4. Italy
7.4.5. Spain
7.4.6. Rest of Europe
7.5. Middle East and Africa
7.5.1. Saudi Arabia
7.5.2. United Arab Emirates
7.5.3. Rest of the Middle East and Africa
7.6. Asia-Pacific
7.6.1. China
7.6.2. India
7.6.3. Japan
7.6.4. South Korea
7.6.5. Taiwan
7.6.6. Thailand
7.6.7. Indonesia
7.6.8. Rest of Asia-Pacific
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Market Share Analysis
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Competitive Dashboard
9. COMPANY PROFILES
9.1. McCormick & Company, Inc.
9.2. Keya Foods
9.3. The Hershey Company
9.4. Perfetti Van Melle
9.5. Impact Mints., Ltd
9.6. Mars, Incorporated
9.7. ADM
9.8. Ricola

Companies Mentioned

  • McCormick & Company, Inc.
  • Keya Foods
  • The Hershey Company
  • Perfetti Van Melle
  • Impact Mints., Ltd
  • Mars, Incorporated
  • ADM
  • Ricola

Methodology

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Table Information