(Food-Beverage-News.Com, October 12, 2018 ) Pepper mint oil is an essential oil that is extracted from peppermint (piperita x mentha) leaves. Distillation of peppermint leaves or stems lead to the release of the oil. Peppermint oil has widespread use in medicines owing to its therapeutic benefits and is considered as an alternative or herbal medicine. Sometimes the oil is also obtained from flowering tops of the plant using alcohol. In recent years, the global demand for pepper mint has witnessed an uptick due to its increasing application in various herbal medicines that can help in stimulating body metabolism, soothing muscle pain, headaches, sinus and cold among others. The oil is traditionally used as key ingredient in oral care owing to its extraordinary cooling effects and potency to tranquilize toothache as well as for reducing bad breath. Also, the product is used in preparation of flavoring agents. In addition, it is also used as a natural food additive in several types of processed food. Pepper mint oil is an effective aromatherapy ingredient that helps in relaxation and stimulation of the body. Several skincare products also contain pepper mint oil owing to its ability to improve the skin tone. Fact.MR’s recent study reveals the global pepper mint oil market is set to expand at a CAGR of little under 4% during the forecast period (2017-2022).
In terms revenue, Europe is projected to remain the most lucrative market for pepper mint oil throughout the forecast period, and register an above average CAGR. This is primarily owing to the strong consumer preference for essential oils in the region. In Europe, consumers are rapidly shifting towards herbal products owing to increasing awareness about their health benefits. Demand for peppermint oil is also gaining traction in Asia Pacific due to emergence of massive markets in China and India.
The natural pepper mint oil will continue to outsell the organic variant in 2017 and beyond. Global sales of natural peppermint oil is expected to account for 66% revenue share of the market towards the end of 2022, reaching a valuation in excess of US$ 442 Mn.
On the basis of form, the global sales of pepper mint oil in absolute form currently accounts for around 44% market share in terms of revenue and anticipated to gain 33 BPS by 2022 over 2017. Wider application of pepper mint oil in food & beverages, therapeutics, aromatherapy toiletries, cosmetics and fragrances is expected to be instrumental for the future prospects of the market.
Plant Therapy Essential Oils, Lionel Hitchen Essential Oils, Green Fields Oil Factory, IL Health & Beauty Natural Oils Co. Inc., Aromaaz International, Aksuvital, Natures Natural India, Shaanxi Guanjie Technology Co., Young Living Essential Oils LC, Biolandes, Greenleaf Extractions Pvt Ltd, The Lebermuth Company, Synthite Industries Ltd., doTerra and Bio Extracts (Pvt) Ltd. are among the top companied operating in the global pepper mint oil market.