Mint Essential Oils Global Market Report 2024

Mint essential oil is the concentrated extract derived from mint plants, particularly peppermint (Mentha piperita) or spearmint (Mentha spicata). It is renowned for its refreshing and invigorating fragrance, widely utilized in aromatherapy, personal care items, and as a flavor enhancer in food and beverages.

There are several types of mint essential oils available, including citrus, lavender, rosemary, tea tree, peppermint, citronella, and others. Citral essential oil, extracted from plants such as lemongrass and lemon myrtle, is known for its citrusy aroma and potential therapeutic benefits. It is marketed through various channels such as business-to-business, e-commerce, hypermarkets, supermarkets, and other retail outlets, serving diverse sectors including medical, food and beverages, spa treatments, cosmetics, toiletries, fragrances, and household cleaning products.

The mint essential oils research report is one of a series of new reports that provides mint essential oils market statistics, including the mint essential oils industry's global market size, regional shares, competitors with a mint essential oils market share, detailed mint essential oils market segments, market trends and opportunities, and any further data you may need to thrive in the mint essential oils industry. This mint essential oils market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The mint essential oils market size has grown rapidly in recent years. It will grow from $11.55 billion in 2023 to $12.96 billion in 2024 at a compound annual growth rate (CAGR) of 12.2%. The growth observed in the historical period can be attributed to a heightened awareness of natural products, increased utilization in traditional medicine, growing popularity in aromatherapy, expansion of the food and beverage industry, strong demand in personal care products, advancements in agricultural practices, historical significance in cultural rituals, early adoption in pharmaceuticals, improvements in extraction techniques, and increased global trade.

The mint essential oils market size is expected to see rapid growth in the next few years. It will grow to $12.4 billion in 2028 at a compound annual growth rate (CAGR) of 20.66%. The growth in the forecast period is expected due to a rising consumer preference for organic products, increasing disposable incomes, expanding wellness trends, growth of e-commerce platforms, innovations in product formulations, rising popularity of DIY remedies, broader application in household products, heightened emphasis on sustainable sourcing, new regulatory approvals, and a growing middle-class population. Key trends anticipated in the forecast period include increasing demand for organic mint essential oils, expanded use in natural cosmetics, rising popularity of aromatherapy, penetration into new geographic markets, advancements in extraction methods, growth in direct-to-consumer sales, expanded application in food preservation, heightened focus on ethical sourcing, developments in packaging technologies, and a rising trend toward eco-friendly products.

The increasing demand for organic and natural products is anticipated to drive growth in the mint essential oils market. Organic products adhere to strict organic standards, emphasizing organic ingredients and sustainable farming practices. In contrast, natural products, derived from natural sources, lack standardized regulations and may vary in ingredient quality and transparency. This growing consumer preference for organic and natural items stems from health awareness, environmental concerns, and a desire for transparent product claims. Mint essential oils are used in organic and natural foods to enhance flavor naturally and maintain clean ingredient profiles, offering potential health benefits such as digestive aid and antimicrobial properties. This aligns with consumer demand for natural wellness products. For example, as of June 2022, the Organic Trade Association reported that organic industry sales surpassed $63 billion, marking a 2% increase over the previous year, with organic food contributing significantly to this growth, reaching $57.5 billion. Hence, the rising demand for organic and natural products is poised to drive the growth of the mint essential oils market.

Key players in the mint essential oils market are innovating by introducing products such as pure essential oils to meet the escalating demand for natural and organic ingredients. Pure essential oils are derived directly from their botanical source without any additives or impurities. For instance, Zed Black launched Orva Naturals in February 2023, a line of pure essential oils including lavender, lemongrass, tea tree, orange, peppermint, and rosemary. These oils are free from synthetic fragrances and additives, ensuring a natural and therapeutic experience. Peppermint oil, among others, offers versatile wellness benefits such as relief from fatigue and mood enhancement.

In October 2023, Anima Mundi Herbals, a US-based apothecary service provider, acquired Floracopeia although the financial details remain undisclosed. This acquisition aims to enhance the product offerings of both companies, offering customers an expanded selection of premium essential oils and wellness products. Floracopeia, which manufactures essential oils including peppermint (mentha piperita) oil, is based in the United States.

Major companies operating in the mint essential oils market are Doterra International LLC, Young Living Essential Oils LC, Synthite Industries Ltd., Frontier Co-op, Mountain Rose Herbs, The Lebermuth Company Inc., Vinayak Ingredients India Private Limited, Rocky Mountain Oils LLC, Ultra International B.V., NOW Foods, BMV Fragrances Pvt. Ltd., Plant Therapy LLC, Kama Ayurveda Pvt Ltd, Foodchem International Corporation, AOS Products Pvt. Ltd., Arora Aromatics Pvt. Ltd., Moksha Essentials Inc, Bhagat Aromatics Ltd, Essex Laboratories LLC, Hindustan Mint & Agro Products Pvt. Ltd., Edens Garden LLC, Aromaaz International Pvt Ltd, Kanta Chemical Co, Organic Infusions Inc.

Europe was the largest region in the mint essential oils market in 2023. The regions covered in the mint essential oils market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the mint essential oils market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The mint essential oils market consists of sales of bergamot mint oil (mentha citrata) and pennyroyal oil (mentha pulegium). Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.