Market Overview:
The Global Spearmint Extract Market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for spearmint extract in food and beverage, pharmaceutical, personal care, and household products applications. Additionally, the growing awareness about the health benefits of spearmint extract is also contributing to the market growth. Some of the key players operating in this market are AOS Products Private Limited (India), Dharampal Satyapal Group (India), E Merck KGaA (Germany), Frutarom Industries Ltd. (Israel), and Symrise AG (Germany).
Product Definition:
Spearmint extract is an essential oil that is derived from the spearmint plant. The oil has a refreshing, minty smell and is often used in aromatherapy. It can also be used to flavor food and drinks.
Powder:
Powder is a dry, granular form of chewing gum. It is also known as dry mint or mint powder. The primary function of the product is to deliver fresh breath and provide a cooling sensation when chewed, which helps relieve stress and anxiety. Mint powder has been used in various forms for centuries; however, it was not until the 19th century that its use evolved into its modern form with added flavors and sweeteners.
Liquid:
Liquid is the state of matter between solid and gas. It can be described as a fluid with definite volume and continuous or discontinuous surface area. The most common forms of liquid are water, ethanol, glycerin, propylene glycol, sorbitol syrup (a sugar-based sweetener), vegetable oil (the type used for human consumption), mineral oil (the type used in industrial processes) and paraffin waxes.
Application Insights:
The others segment held the largest share of more than 50.0% in 2017. Spearmint extract finds application in various products such as toothpaste, mouthwash, deodorants and antiperspirants among others. The growing personal care industry across the globe is anticipated to boost product demand over the forecast period. Personal care products are increasingly being considered as a luxury good which can be afforded by middle-class income groups thus driving demand for expensive ingredients that offer similar or better results at a lower cost.
Regional Analysis:
Europe was the largest market for the product and accounted for a revenue share of more than 35.0% in 2017 owing to high demand from personal care, pharmaceuticals, food and beverage industries. The U.K., Germany, Belgium, France are some of the major markets in Europe that have been fueling growth due to increasing awareness about health benefits associated with mint products among consumers.
Asia Pacific is expected to be one of the fastest-growing regional markets at a CAGR exceeding 6% over the forecast period on account of rising consumer spending on personal care products along with growing health consciousness among people living in emerging economies including China and India. In addition, increasing use as an ingredient by manufacturers operating within these sectors will drive growth further over next eight years.
Growth Factors:
- Increasing demand for natural and organic products
- Rising awareness about the health benefits of spearmint extract
- Growing popularity of herbal supplements and remedies
- Proliferation of online retail channels
- Expanding applications for spearmint extract in food, beverage, and personal care products
Scope Of The Report
Report Attributes
Report Details
Report Title
Spearmint Extract Market Research Report
By Type
Powder, Liquid, Tablets
By Application
Food and Beverage, Pharmaceutical, Personal Care, Household Products, Others
By Companies
Bhagat Aromatics Ltd, Nectar Lifesciences Ltd, Aroma Chemical Services International GmbH, S.R.S.Aromatics Ltd, Symrise AG, Carrubba INC, AuNutra Industries Inc, Changsha Organic Herb Inc, Grau Aromatics GmbH & Co. KG, Naturex SA
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
180
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Spearmint Extract Market Report Segments:
The global Spearmint Extract market is segmented on the basis of:
Types
Powder, Liquid, Tablets
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food and Beverage, Pharmaceutical, Personal Care, Household Products, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bhagat Aromatics Ltd
- Nectar Lifesciences Ltd
- Aroma Chemical Services International GmbH
- S.R.S.Aromatics Ltd
- Symrise AG
- Carrubba INC
- AuNutra Industries Inc
- Changsha Organic Herb Inc
- Grau Aromatics GmbH & Co. KG
- Naturex SA
Highlights of The Spearmint Extract Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Powder
- Liquid
- Tablets
- By Application:
- Food and Beverage
- Pharmaceutical
- Personal Care
- Household Products
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Spearmint Extract Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Spearmint extract is a natural extract that comes from the leaves and flowers of the spearmint plant. It is often used as a flavoring agent in foods and beverages.
Some of the key players operating in the spearmint extract market are Bhagat Aromatics Ltd, Nectar Lifesciences Ltd, Aroma Chemical Services International GmbH, S.R.S.Aromatics Ltd, Symrise AG, Carrubba INC, AuNutra Industries Inc, Changsha Organic Herb Inc, Grau Aromatics GmbH & Co. KG, Naturex SA.
The spearmint extract market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Spearmint Extract Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Spearmint Extract Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Spearmint Extract Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Spearmint Extract Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Spearmint Extract Market Size & Forecast, 2018-2028
4.5.1 Spearmint Extract Market Size and Y-o-Y Growth
4.5.2 Spearmint Extract Market Absolute $ Opportunity
Chapter 5 Global Spearmint Extract Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Spearmint Extract Market Size Forecast by Type
5.2.1 Powder
5.2.2 Liquid
5.2.3 Tablets
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Spearmint Extract Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Spearmint Extract Market Size Forecast by Applications
6.2.1 Food and Beverage
6.2.2 Pharmaceutical
6.2.3 Personal Care
6.2.4 Household Products
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Spearmint Extract Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Spearmint Extract Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Spearmint Extract Analysis and Forecast
9.1 Introduction
9.2 North America Spearmint Extract Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Spearmint Extract Market Size Forecast by Type
9.6.1 Powder
9.6.2 Liquid
9.6.3 Tablets
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Spearmint Extract Market Size Forecast by Applications
9.10.1 Food and Beverage
9.10.2 Pharmaceutical
9.10.3 Personal Care
9.10.4 Household Products
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Spearmint Extract Analysis and Forecast
10.1 Introduction
10.2 Europe Spearmint Extract Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Spearmint Extract Market Size Forecast by Type
10.6.1 Powder
10.6.2 Liquid
10.6.3 Tablets
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Spearmint Extract Market Size Forecast by Applications
10.10.1 Food and Beverage
10.10.2 Pharmaceutical
10.10.3 Personal Care
10.10.4 Household Products
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Spearmint Extract Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Spearmint Extract Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Spearmint Extract Market Size Forecast by Type
11.6.1 Powder
11.6.2 Liquid
11.6.3 Tablets
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Spearmint Extract Market Size Forecast by Applications
11.10.1 Food and Beverage
11.10.2 Pharmaceutical
11.10.3 Personal Care
11.10.4 Household Products
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Spearmint Extract Analysis and Forecast
12.1 Introduction
12.2 Latin America Spearmint Extract Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Spearmint Extract Market Size Forecast by Type
12.6.1 Powder
12.6.2 Liquid
12.6.3 Tablets
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Spearmint Extract Market Size Forecast by Applications
12.10.1 Food and Beverage
12.10.2 Pharmaceutical
12.10.3 Personal Care
12.10.4 Household Products
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Spearmint Extract Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Spearmint Extract Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Spearmint Extract Market Size Forecast by Type
13.6.1 Powder
13.6.2 Liquid
13.6.3 Tablets
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Spearmint Extract Market Size Forecast by Applications
13.10.1 Food and Beverage
13.10.2 Pharmaceutical
13.10.3 Personal Care
13.10.4 Household Products
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Spearmint Extract Market: Competitive Dashboard
14.2 Global Spearmint Extract Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bhagat Aromatics Ltd
14.3.2 Nectar Lifesciences Ltd
14.3.3 Aroma Chemical Services International GmbH
14.3.4 S.R.S.Aromatics Ltd
14.3.5 Symrise AG
14.3.6 Carrubba INC
14.3.7 AuNutra Industries Inc
14.3.8 Changsha Organic Herb Inc
14.3.9 Grau Aromatics GmbH & Co. KG
14.3.10 Naturex SA
