Mentha Oil Market size to grow by USD 134.6 million from 2022 to 2027, Driven by the health benefits of essential oils – Technavio

NEW YORK, April 13, 2023 /PRNewswire/ — The mentha oil market size is set to grow by USD 134.6 million from 2022 to 2027, and register a CAGR of 9.08%, according to Technavio’s latest market research report estimates. With a focus on identifying dominant industry influencers, Technavio’s reports present a detailed study by the way of synthesis, and summation of data from multiple sources. The report estimates the market size of mentha oil in the key markets of APAC, North America, Europe, Middle East and Africa, and South America. – Read our Sample Report

The report also covers the following areas:

• Mentha Oil Market size
• Mentha Oil Market trends
• Mentha Oil Market industry analysis

Factors such as the health benefits of essential oils, expanding applications across various industries, and expanding retail space will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.

Mentha Oil Market 2023-2027: Segmentation

• Application 
• Pharmaceutical
• Food And Beverage
• Cosmetics
• Others
• Type 
• Japanese Mint Oil
• Peppermint Oil
• Others
• Geography 
• APAC
• North America
• Europe
• Middle East And Africa
• South America

The market share growth by the pharmaceutical segment will be significant for the market growth during the forecast period. Mentha oil is used in traditional Indian medical recipes, and basil essential oil has been used in traditional Indian medicine for a long as a treatment for digestive problems, nausea, cholera, colds, cramps, and many more. Mentha oil is known to cure acne and skin infections as well as to revitalize dull hair and skin due to its diaphoretic, stimulant, carminative, and expectorant properties. Mentha oil is present in various skin care products that aim to improve skin tone. Hence, the application of mentha oil in the pharmaceuticals segment is expected to increase significantly during the forecast period.

Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. Download the Sample Report 

Mentha Oil Market 2023-2027: Vendor Analysis and Scope

The mentha oil market is fragmented, and the degree of fragmentation will accelerate during the forecast period. To help businesses improve their market position, the mentha oil market provides a detailed analysis of more than 15 vendors operating in the market. Some of these vendors include A.G. Industries, AOS Products Pvt. Ltd., Azelis SA, Bhagat Aromatics Ltd., doTERRA International LLC, Foodchem International Corp., Garden of Life LLC, Herbochem Industries, Hindustan Mint and Agro Products Pvt. Ltd., Katyani Exports, Melaleuca Inc., Mentha and Allied Products Pvt. Ltd., Neeru Menthol Pvt. Ltd., NOW Health Group Inc., Plant Therapy Inc., PUIG S.L., Shree Balaji Aromatics Pvt. Ltd., The Lebermuth Co. Inc., Ultra International Ltd., and Young Living Essential Oils LC.

Vendor Offerings

• A.G. Industries – The company offers mentha oils such as Peppermint Oil, Mentha Citrata Peppermint Oil, and Cornmint Oil. 
• Bhagat Aromatics Ltd. – The company offers mentha oils such as Mentha Citrata Oil. 
• doTERRA International LLC – The company offers mentha oils such as Peppermint Oil and Mentha Piperita. 

Mentha Oil Market 2023-2027: Market Dynamics

Clean labeling of essential oils is likely to emerge as one of the primary trends in the market. However, factors such as the increasing competition from other essential oils may threaten the growth of the market.

Key Drivers

•  A key driver for the growth of the mentha oil market during the forecast period is the health benefit of essential oils. 
• Mentha oil is a natural relaxant oil containing chemical compounds such as menthol, menthone, and eucalyptol, which help reduce skin inflammation.
• Mentha oil has various medicinal benefits. It helps in stress relief and offers relief from nervous tension, anxiety, depression, fatigue, and mental strain. These factors fuel mentha oil adoption among consumers.
• The oil is also used to treat acne, heal wounds, and hydrate, tone, and brighten the skin.
• Hence, the several health benefits will fuel the adoption of mentha oil among customers and will support the market growth during the forecast period.

Major Trends

• A primary trend fueling the growth of the mentha oil market is the clean labeling of essential oils. 
• Consumers prefer clean-label products, which is compelling vendors to ensure that the products include only those ingredients that are recognized as natural and organic. 
• Mentha oil is highly popular at present, and vendors are making sure that their mentha oil products adhere to clean labeling in order to boost sales.
• Hence, such factors are expected to support market growth during the forecast period.

Key Challenges

• A major challenge hampering the growth of the mentha oil market is the growing competition from other essential oils.
• Some of the alternative essential oils include lavender oil, basil oil, and lemongrass oil. The threat is expected to grow from the alternate essential oils owing to product launches and improvements in related product categories. 
• For instance, in May 2018, Arbonne International, LLC launched pure essential oil blends, including Arbonne Rescue and Renew Pure Essential Oils in tea tree blend, which can be used for topical as well as aromatic purposes.
• Global players in the mentha oil market need to develop novel tactics to distinguish their products and implement aggressive marketing efforts to stay competitive.
• Hence, the increasing competition from other essential oil products will impede the growth of the market during the forecast period. 

In addition to the forecast, the report also highlights the key opportunities by analyzing drivers, trends, and challenges for the market, buy the report

Mentha Oil Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist mentha oil market growth during the forecast period
• Estimation of the mentha oil market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the mentha oil market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of mentha oil market vendors

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Key Topics Covered:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global mentha oil market 2017 – 2021
• Exhibit 18: Historic Market Size – Data Table on Global mentha oil market 2017 – 2021 ($ million)

• 4.2 Application Segment Analysis 2017 – 2021
• Exhibit 19: Historic Market Size – Application Segment 2017 – 2021 ($ million)

• 4.3 Type Segment Analysis 2017 – 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 – 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 – 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)

• 4.5 Country Segment Analysis 2017 – 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments 
• Exhibit 30: Chart on Application – Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application – Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Pharmaceutical – Market size and forecast 2022-2027
• Exhibit 34: Chart on Pharmaceutical – Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Pharmaceutical – Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Pharmaceutical – Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Pharmaceutical – Year-over-year growth 2022-2027 (%)

• 6.4 Food and beverage – Market size and forecast 2022-2027 
• Exhibit 38: Chart on Food and beverage – Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Food and beverage – Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Food and beverage – Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Food and beverage – Year-over-year growth 2022-2027 (%)

• 6.5 Cosmetics – Market size and forecast 2022-2027
• Exhibit 42: Chart on Cosmetics – Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Cosmetics – Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Cosmetics – Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Cosmetics – Year-over-year growth 2022-2027 (%)

• 6.6 Others – Market size and forecast 2022-2027
• Exhibit 46: Chart on Others – Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on Others – Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on Others – Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Others – Year-over-year growth 2022-2027 (%)

• 6.7 Market opportunity by Application 
• Exhibit 50: Market opportunity by Application ($ million)

7 Market Segmentation by Type

• 7.1 Market segments 
• Exhibit 51: Chart on Type – Market share 2022-2027 (%)
• Exhibit 52: Data Table on Type – Market share 2022-2027 (%)

• 7.2 Comparison by Type 
• Exhibit 53: Chart on Comparison by Type
• Exhibit 54: Data Table on Comparison by Type

• 7.3 Japanese mint oil – Market size and forecast 2022-2027 
• Exhibit 55: Chart on Japanese mint oil – Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Japanese mint oil – Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Japanese mint oil – Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Japanese mint oil – Year-over-year growth 2022-2027 (%)

• 7.4 Peppermint oil – Market size and forecast 2022-2027
• Exhibit 59: Chart on Peppermint oil – Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Peppermint oil – Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Peppermint oil – Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Peppermint oil – Year-over-year growth 2022-2027 (%)

• 7.5 Others – Market size and forecast 2022-2027
• Exhibit 63: Chart on Others – Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on Others – Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on Others – Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Others – Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Type 
• Exhibit 67: Market opportunity by Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 69: Chart on Market share by geography 2022-2027 (%)
• Exhibit 70: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 71: Chart on Geographic comparison
• Exhibit 72: Data Table on Geographic comparison

• 9.3 APAC – Market size and forecast 2022-2027
• Exhibit 73: Chart on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on APAC – Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on APAC – Year-over-year growth 2022-2027 (%)

• 9.4 North America – Market size and forecast 2022-2027
• Exhibit 77: Chart on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on North America – Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on North America – Year-over-year growth 2022-2027 (%)

• 9.5 Europe – Market size and forecast 2022-2027
• Exhibit 81: Chart on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on Europe – Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Europe – Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa – Market size and forecast 2022-2027 
• Exhibit 85: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

• 9.7 South America – Market size and forecast 2022-2027
• Exhibit 89: Chart on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on South America – Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on South America – Year-over-year growth 2022-2027 (%)

• 9.8 India – Market size and forecast 2022-2027
• Exhibit 93: Chart on India – Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on India – Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on India – Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on India – Year-over-year growth 2022-2027 (%)

• 9.9 China – Market size and forecast 2022-2027
• Exhibit 97: Chart on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on China – Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on China – Year-over-year growth 2022-2027 (%)

• 9.10 Brazil – Market size and forecast 2022-2027
• Exhibit 101: Chart on Brazil – Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on Brazil – Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on Brazil – Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Brazil – Year-over-year growth 2022-2027 (%)

• 9.11 US – Market size and forecast 2022-2027
• Exhibit 105: Chart on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on US – Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on US – Year-over-year growth 2022-2027 (%)

• 9.12 Japan – Market size and forecast 2022-2027
• Exhibit 109: Chart on Japan – Market size and forecast 2022-2027 ($ million)
• Exhibit 110: Data Table on Japan – Market size and forecast 2022-2027 ($ million)
• Exhibit 111: Chart on Japan – Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on Japan – Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 113: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 114: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 115: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 116: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 117: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 118: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 119: Matrix on vendor position and classification

• 12.3 A.G. Industries 
• Exhibit 120: A.G. Industries – Overview
• Exhibit 121: A.G. Industries – Product / Service
• Exhibit 122: A.G. Industries – Key offerings

• 12.4 Bhagat Aromatics Ltd. 
• Exhibit 123: Bhagat Aromatics Ltd. – Overview
• Exhibit 124: Bhagat Aromatics Ltd. – Product / Service
• Exhibit 125: Bhagat Aromatics Ltd. – Key offerings

• 12.5 doTERRA International LLC 
• Exhibit 126: doTERRA International LLC – Overview
• Exhibit 127: doTERRA International LLC – Product / Service
• Exhibit 128: doTERRA International LLC – Key offerings

• 12.6 Garden of Life LLC 
• Exhibit 129: Garden of Life LLC – Overview
• Exhibit 130: Garden of Life LLC – Product / Service
• Exhibit 131: Garden of Life LLC – Key offerings

• 12.7 Herbochem Industries 
• Exhibit 132: Herbochem Industries – Overview
• Exhibit 133: Herbochem Industries – Product / Service
• Exhibit 134: Herbochem Industries – Key offerings

• 12.8 Katyani Exports 
• Exhibit 135: Katyani Exports – Overview
• Exhibit 136: Katyani Exports – Product / Service
• Exhibit 137: Katyani Exports – Key offerings

• 12.9 Melaleuca Inc. 
• Exhibit 138: Melaleuca Inc. – Overview
• Exhibit 139: Melaleuca Inc. – Product / Service
• Exhibit 140: Melaleuca Inc. – Key offerings

• 12.10 Mentha and Allied Products Pvt. Ltd.
• Exhibit 141: Mentha and Allied Products Pvt. Ltd. – Overview
• Exhibit 142: Mentha and Allied Products Pvt. Ltd. – Product / Service
• Exhibit 143: Mentha and Allied Products Pvt. Ltd. – Key offerings

• 12.11 Neeru Menthol Pvt. Ltd. 
• Exhibit 144: Neeru Menthol Pvt. Ltd. – Overview
• Exhibit 145: Neeru Menthol Pvt. Ltd. – Product / Service
• Exhibit 146: Neeru Menthol Pvt. Ltd. – Key offerings

• 12.12 NOW Health Group Inc. 
• Exhibit 147: NOW Health Group Inc. – Overview
• Exhibit 148: NOW Health Group Inc. – Product / Service
• Exhibit 149: NOW Health Group Inc. – Key offerings

• 12.13 PUIG S.L. 
• Exhibit 150: PUIG S.L. – Overview
• Exhibit 151: PUIG S.L. – Product / Service
• Exhibit 152: PUIG S.L. – Key offerings

• 12.14 Shree Balaji Aromatics Pvt. Ltd. 
• Exhibit 153: Shree Balaji Aromatics Pvt. Ltd. – Overview
• Exhibit 154: Shree Balaji Aromatics Pvt. Ltd. – Product / Service
• Exhibit 155: Shree Balaji Aromatics Pvt. Ltd. – Key offerings

• 12.15 The Lebermuth Co. Inc. 
• Exhibit 156: The Lebermuth Co. Inc. – Overview
• Exhibit 157: The Lebermuth Co. Inc. – Product / Service
• Exhibit 158: The Lebermuth Co. Inc. – Key offerings

• 12.16 Ultra International Ltd. 
• Exhibit 159: Ultra International Ltd. – Overview
• Exhibit 160: Ultra International Ltd. – Product / Service
• Exhibit 161: Ultra International Ltd. – Key offerings

• 12.17 Young Living Essential Oils LC 
• Exhibit 162: Young Living Essential Oils LC – Overview
• Exhibit 163: Young Living Essential Oils LC – Product / Service
• Exhibit 164: Young Living Essential Oils LC – Key offerings

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 165: Inclusions checklist
• Exhibit 166: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 167: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 168: Research methodology
• Exhibit 169: Validation techniques employed for market sizing
• Exhibit 170: Information sources

• 13.5 List of abbreviations 
• Exhibit 171: List of abbreviations 

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