Peppermint Oil Market By Product Type, By Application, By Distributional Channel: Global Opportunity Analysis and Industry Forecast, 2021-2031

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market

CHAPTER 4: PEPPERMINT OIL MARKET, BY BY PRODUCT TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Natural Peppermint Oil
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Conventional Peppermint Oil
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country

CHAPTER 5: PEPPERMINT OIL MARKET, BY BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2 Food and Beverages
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Medical
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Cleaning and Home
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Spa and Relaxation
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
5.6 Others
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market analysis by country

CHAPTER 6: PEPPERMINT OIL MARKET, BY BY DISTRIBUTIONAL CHANNEL
6.1 Overview
6.1.1 Market size and forecast
6.2 Direct Distribution
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 MLM Distribution
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Retail Distribution
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
6.5 Others
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market analysis by country

CHAPTER 7: PEPPERMINT OIL MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by by Product Type
7.2.3 North America Market size and forecast, by by Application
7.2.4 North America Market size and forecast, by by Distributional Channel
7.2.5 North America Market size and forecast, by country
7.2.5.1 U. S.
7.2.5.1.1 Market size and forecast, by by Product Type
7.2.5.1.2 Market size and forecast, by by Application
7.2.5.1.3 Market size and forecast, by by Distributional Channel
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by by Product Type
7.2.5.2.2 Market size and forecast, by by Application
7.2.5.2.3 Market size and forecast, by by Distributional Channel
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by by Product Type
7.2.5.3.2 Market size and forecast, by by Application
7.2.5.3.3 Market size and forecast, by by Distributional Channel
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by by Product Type
7.3.3 Europe Market size and forecast, by by Application
7.3.4 Europe Market size and forecast, by by Distributional Channel
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Market size and forecast, by by Product Type
7.3.5.1.2 Market size and forecast, by by Application
7.3.5.1.3 Market size and forecast, by by Distributional Channel
7.3.5.2 UK
7.3.5.2.1 Market size and forecast, by by Product Type
7.3.5.2.2 Market size and forecast, by by Application
7.3.5.2.3 Market size and forecast, by by Distributional Channel
7.3.5.3 France
7.3.5.3.1 Market size and forecast, by by Product Type
7.3.5.3.2 Market size and forecast, by by Application
7.3.5.3.3 Market size and forecast, by by Distributional Channel
7.3.5.4 Italy
7.3.5.4.1 Market size and forecast, by by Product Type
7.3.5.4.2 Market size and forecast, by by Application
7.3.5.4.3 Market size and forecast, by by Distributional Channel
7.3.5.5 Spain
7.3.5.5.1 Market size and forecast, by by Product Type
7.3.5.5.2 Market size and forecast, by by Application
7.3.5.5.3 Market size and forecast, by by Distributional Channel
7.3.5.6 Rest of Europe
7.3.5.6.1 Market size and forecast, by by Product Type
7.3.5.6.2 Market size and forecast, by by Application
7.3.5.6.3 Market size and forecast, by by Distributional Channel
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by by Product Type
7.4.3 Asia-Pacific Market size and forecast, by by Application
7.4.4 Asia-Pacific Market size and forecast, by by Distributional Channel
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by by Product Type
7.4.5.1.2 Market size and forecast, by by Application
7.4.5.1.3 Market size and forecast, by by Distributional Channel
7.4.5.2 Japan
7.4.5.2.1 Market size and forecast, by by Product Type
7.4.5.2.2 Market size and forecast, by by Application
7.4.5.2.3 Market size and forecast, by by Distributional Channel
7.4.5.3 India
7.4.5.3.1 Market size and forecast, by by Product Type
7.4.5.3.2 Market size and forecast, by by Application
7.4.5.3.3 Market size and forecast, by by Distributional Channel
7.4.5.4 Indonesia
7.4.5.4.1 Market size and forecast, by by Product Type
7.4.5.4.2 Market size and forecast, by by Application
7.4.5.4.3 Market size and forecast, by by Distributional Channel
7.4.5.5 Malaysia
7.4.5.5.1 Market size and forecast, by by Product Type
7.4.5.5.2 Market size and forecast, by by Application
7.4.5.5.3 Market size and forecast, by by Distributional Channel
7.4.5.6 South Korea
7.4.5.6.1 Market size and forecast, by by Product Type
7.4.5.6.2 Market size and forecast, by by Application
7.4.5.6.3 Market size and forecast, by by Distributional Channel
7.4.5.7 Singapore
7.4.5.7.1 Market size and forecast, by by Product Type
7.4.5.7.2 Market size and forecast, by by Application
7.4.5.7.3 Market size and forecast, by by Distributional Channel
7.4.5.8 Australia
7.4.5.8.1 Market size and forecast, by by Product Type
7.4.5.8.2 Market size and forecast, by by Application
7.4.5.8.3 Market size and forecast, by by Distributional Channel
7.4.5.9 Rest of Asia-Pacific
7.4.5.9.1 Market size and forecast, by by Product Type
7.4.5.9.2 Market size and forecast, by by Application
7.4.5.9.3 Market size and forecast, by by Distributional Channel
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by by Product Type
7.5.3 LAMEA Market size and forecast, by by Application
7.5.4 LAMEA Market size and forecast, by by Distributional Channel
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Brazil
7.5.5.1.1 Market size and forecast, by by Product Type
7.5.5.1.2 Market size and forecast, by by Application
7.5.5.1.3 Market size and forecast, by by Distributional Channel
7.5.5.2 Chile
7.5.5.2.1 Market size and forecast, by by Product Type
7.5.5.2.2 Market size and forecast, by by Application
7.5.5.2.3 Market size and forecast, by by Distributional Channel
7.5.5.3 UAE
7.5.5.3.1 Market size and forecast, by by Product Type
7.5.5.3.2 Market size and forecast, by by Application
7.5.5.3.3 Market size and forecast, by by Distributional Channel
7.5.5.4 Saudi Arabia
7.5.5.4.1 Market size and forecast, by by Product Type
7.5.5.4.2 Market size and forecast, by by Application
7.5.5.4.3 Market size and forecast, by by Distributional Channel
7.5.5.5 Rest of LAMEA
7.5.5.5.1 Market size and forecast, by by Product Type
7.5.5.5.2 Market size and forecast, by by Application
7.5.5.5.3 Market size and forecast, by by Distributional Channel

CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments

CHAPTER 9: COMPANY PROFILES
9.1 Aksu Vital Natural products and Cosmetics
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Aromaaz International
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 DōTERRA
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Greenleaf Extractions Pvt Ltd
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Lebermuth, Inc
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Melaleuca Inc
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 Mountain Rose Herbs
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 NOW FOODS
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Plant Therapy Essential Oils
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Young Living Essential Oils
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments

Executive Summary

According to this report, titled, 'Peppermint Oil Market,' the peppermint oil market was valued at $331.70 million in 2021, and is estimated to reach $658.2 million by 2031, growing at a CAGR of 6.6% from 2022 to 2031.

According to UMMC (University of Maryland Medical Center), peppermint oil can be an effective treatment for flatulence, indigestion, and irritable bowel syndrome. The use of peppermint oil fragrance is suggested by the therapist to improve memory and enhance readiness and is also used as a natural insect repellent. It is mostly cultivated in India, Italy, the U.S., Japan, and UK. It is extracted from fresh plant leaves using a steam refining process. Peppermint essential oil is steam distilled from the fragrant herb, primarily composed of the chemical components of menthol and menthone. Peppermint oil is used in aromatherapy for acne, dermatitis, asthma, bronchitis, digestive problems, colds, headaches, and fatigue.

Over the last few years, consumer awareness regarding herbal products and food is on the rise. Most of the packaged food available in the market contains a variety of chemicals, some of which are very harmful to health, such as preservatives and flavor additives. Moreover, some preservatives are linked with unfavorable effects, which can cause unpleasant reactions in consumers who are sensitive to a particular preservative or possess a potential increased risk for cancer all such factors results in the peppermint oil market trends.

In such a situation, using herbal products having no pesticides, chemicals, or processed additives and selecting natural, herbal food to minimize risk of disease, illness, and disorders is the new trend. Many consumers are avoiding chemical ingredients in their food, health food, functional food, proteins, and nutraceutical products. Hence, demand for naturally sourced ingredients such as essential oils in nutraceuticals is increasing continuously. Demand for peppermint oil is mainly increasing in developed regions of North America and Europe as consumers in this region are spending more on natural products as compared to consumers in other regions. Hence, trend of using natural ingredients in the nutraceutical industry in proving one of the major factors to propel the growth of the market. According to the World Health Organization each year, roughly 25% of the European population suffers from depression and anxiety, which account for up to 50% of chronic sick leaves in Europe, imposing a strain on the European economy. Germany is expected to remain an important market for peppermint oils.

Natural peppermint oil is an emerging segment in the peppermint essential market as consumer are Increasing demand for natural flavor across the food and beverage sector significantly drives the demand for natural peppermint essentials. As people are getting aware of the harmful impacts of synthetic flavors and additives used in various food and beverage items, they are opting for products that have natural ingredients.

According to peppermint oil industry analysis, the peppermint oil market size is segmented on the basis of product type, application, distribution channel, and region. By product type, the market is classified into natural peppermint oil and conventional peppermint oil. Among these, natural peppermint oil segment occupied the major share of the market in 2021, and is projected to maintain its dominance during the forecast period.

As per application, the market is segmented into food & beverages, medical, cleaning & home, spa & relaxation, and others. The food and beverages segment is anticipated to grow at the highest rate during the forecast period, owing to various industries now transitioning toward adoption of peppermint oils to address the rise in concerns for health safety and increase in demand for natural ingredient in products.

By distribution channel, the peppermint oil market is further segmented into direct distribution, multi-level marketing, retail distribution, and others. The direct distribution segment held the major share of the market in 2021, and is projected to maintain its dominance during the forecast period and helps in the peppermint oil market growth.

In 2021, North America accounted for more than 37% of the global peppermint oil market, and is expected to maintain its dominance during the forecast period in the peppermint oil market demand. Moreover, LAMEA is expected to possess the highest CAGRs, owing to increase in adoption of natural and organic products and rise in expenditure on health-related products in the countries. Porter's five forces analysis for the peppermint oil market highlights market competition in terms of the power of buyers, suppliers, manufacturers, and new entrants.

Although the COVID-19 pandemic had a disturbing impact over several industries, the peppermint oil market share experienced a growth during this period. Peppermint oils have antimicrobial, antioxidant, and anti-infective, properties; thus, they are utilized in treating various health conditions, including stress conditions, immunity disorders, sleep disorder, and depression.

The prominent players analyzed in this report include Aksu Vital Natural Products and Cosmetics, Aromaaz International, DōTERRA, Greenleaf Extractions Pvt. Ltd., Lebermuth, Inc., Melaleuca Inc, Mountain Rose Herbs, NOW Foods, Plant Therapy Essential Oils, and Young Living Essential oils.By product type, natural peppermint oil had the largest market share in 2021 and is further expected to grow with the highest CAGR during the forecast period.

Key Findings :

By product type, natural peppermint oil had the largest market share in 2021 and is further expected to grow with the highest CAGR during the forecast period.

By application, food & beverage is the most consumed form of peppermint oils; however, the usage of peppermint oils in cleaning & home products is expected to rise in the future.

By distribution channel, the most common method of purchase of peppermint oils is via direct distribution channels while retail distribution channels are gaining more popularity for peppermint oil purchase.

By region, North America is the largest consumer of peppermint oil products; however, Asia-Pacific is expected to grow at the highest CAGR during the forecast period.

Companies Mentioned

• Aksu Vital Natural Products and Cosmetics
• Aromaaz International
• D?Terra
• Greenleaf Extractions Pvt Ltd.
• Lebermuth, Inc.
• Melaleuca Inc.
• Mountain Rose Herbs
• Now Foods
• Plant Therapy Essential Oils
• Young Living Essential Oils

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

• Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
• Scientific and technical writings for product information and related preemptions
• Regional government and statistical databases for macro analysis
• Authentic news articles and other related releases for market evaluation
• Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.