Market Overview:
The global spearmint essential oil market is expected to register a CAGR of 6.5% during the forecast period, 2018-2030. The absolute segment is projected to account for a larger share of the global market in terms of value, while the blends segment is anticipated to grow at a higher CAGR during the forecast period. In terms of application, food & beverage accounted for majority share in 2017 and is projected to maintain its dominance throughout the forecast period. However, cosmetics & personal care is expected to grow at highest CAGR over the next decade owing to increasing demand for natural ingredients in various beauty products. Regionally, North America held dominant position in 2017 and it is estimated that this trend would continue over next few years as well.
Product Definition:
Spearmint oil is a type of essential oil that is extracted from the spearmint plant. It has a sweet, minty smell and can be used to scent candles, soaps, and other products. Spearmint oil is also said to have various therapeutic properties, such as being an antiseptic, anti-inflammatory, and antioxidant.
Absolute:
Absolute is the concentrated essence of a plant or herb. It is generally extracted by steam distillation or expression (a process where the plant material is forced through a sieve). Absolute contains all the volatile oils and non-volatile resinous parts of plants, which makes it an essential oil. Essential oils are used for their therapeutic properties as well as fragrances they possess.
Blends:
Blends are a combination of two or more oils that have been blended together to enhance their aroma and/or flavor. The most common types of blends include those containing lavender oil with clove oil, eucalyptus oil with mint oils, and peppermint oil with menthol. Owing to the increasing consumer demand for natural products, companies have been developing various kinds of blends using essential oils as raw materials.
Application Insights:
The food and beverage segment accounted for more than 40% of the global spearmint essential oil market in 2017. The product is widely used as a flavoring agent in soft drinks, cakes, ice creams and beverages such as tea, coffee and soda. Rising demand for natural products with health benefits among consumers especially in developed countries including the U.S., Germany, France and U.K., is expected to drive growth over the forecast period.
Regional Analysis:
Europe was the largest market for the global spearmint essential oil, accounting for more than 35% of total market volume in 2017. Germany and U.K are some of the major consumers in Europe spearmint essential oil market owing to high demand from food & beverage and cosmetics & personal care industries respectively. Asia Pacific is expected to be one of the fastest-growing markets with a CAGR close to 7% over the forecast period on account of increasing product applications in countries such as India, Japan, China, South Korea and Australia among others. The Middle East & Africa is also expected to witness significant growth due to rising consumer awareness regarding health benefits associated withSpearmint Essential Oil Such as anti-bacterial properties that help control odor caused by bacteria such as Clostridium difficile (C Diff) which causes severe diarrhea or C difficile infection (CDI).
Growth Factors:
- Increasing demand for natural and organic products
- Rising awareness about the benefits of Spearmint Essential Oil
- Growing popularity of aromatherapy and essential oils therapies
- Proliferation of online retail platforms that offer Spearmint Essential Oil products
- increasing disposable income
Scope Of The Report
Report Attributes
Report Details
Report Title
Spearmint Essential Oil Market Research Report
By Type
Absolute, Blends, Other
By Application
Food & Beverage, Cosmetics & Personal Care, Other
By Companies
Mountain Rose Herbs, Citrus and Allied, doTERRA International, Ultra International BV, Young Living Essential Oils
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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Spearmint Essential Oil Market Report Segments:
The global Spearmint Essential Oil market is segmented on the basis of:
Types
Absolute, Blends, Other
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 & Beverage, Cosmetics & Personal Care, Other
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:
- Mountain Rose Herbs
- Citrus and Allied
- doTERRA International
- Ultra International BV
- Young Living Essential Oils
Highlights of The Spearmint Essential Oil 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:
- Absolute
- Blends
- Other
- By Application:
- Food & Beverage
- Cosmetics & Personal Care
- Other
- 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 Essential Oil 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 essential oil is a type of essential oil that comes from the Mentha spicata plant. It has a strong, refreshing scent and is used to treat conditions such as colds, flu, and headaches.
Some of the key players operating in the spearmint essential oil market are Mountain Rose Herbs, Citrus and Allied, doTERRA International, Ultra International BV, Young Living Essential Oils.
The spearmint essential oil market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Spearmint Essential Oil Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Spearmint Essential Oil Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Spearmint Essential Oil Market - Supply Chain
4.5. Global Spearmint Essential Oil Market Forecast
4.5.1. Spearmint Essential Oil Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Spearmint Essential Oil Market Size (000 Units) and Y-o-Y Growth
4.5.3. Spearmint Essential Oil Market Absolute $ Opportunity
5. Global Spearmint Essential Oil Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Spearmint Essential Oil Market Size and Volume Forecast by Type
5.3.1. Absolute
5.3.2. Blends
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Spearmint Essential Oil Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Spearmint Essential Oil Market Size and Volume Forecast by Application
6.3.1. Food & Beverage
6.3.2. Cosmetics & Personal Care
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Spearmint Essential Oil Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Spearmint Essential Oil Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Spearmint Essential Oil Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Spearmint Essential Oil Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Spearmint Essential Oil Demand Share Forecast, 2019-2026
9. North America Spearmint Essential Oil Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Spearmint Essential Oil Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Spearmint Essential Oil Market Size and Volume Forecast by Application
9.4.1. Food & Beverage
9.4.2. Cosmetics & Personal Care
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Spearmint Essential Oil Market Size and Volume Forecast by Type
9.7.1. Absolute
9.7.2. Blends
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Spearmint Essential Oil Demand Share Forecast, 2019-2026
10. Latin America Spearmint Essential Oil Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Spearmint Essential Oil Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Spearmint Essential Oil Market Size and Volume Forecast by Application
10.4.1. Food & Beverage
10.4.2. Cosmetics & Personal Care
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Spearmint Essential Oil Market Size and Volume Forecast by Type
10.7.1. Absolute
10.7.2. Blends
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Spearmint Essential Oil Demand Share Forecast, 2019-2026
11. Europe Spearmint Essential Oil Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Spearmint Essential Oil Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Spearmint Essential Oil Market Size and Volume Forecast by Application
11.4.1. Food & Beverage
11.4.2. Cosmetics & Personal Care
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Spearmint Essential Oil Market Size and Volume Forecast by Type
11.7.1. Absolute
11.7.2. Blends
11.7.3. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Spearmint Essential Oil Demand Share, 2019-2026
12. Asia Pacific Spearmint Essential Oil Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Spearmint Essential Oil Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Spearmint Essential Oil Market Size and Volume Forecast by Application
12.4.1. Food & Beverage
12.4.2. Cosmetics & Personal Care
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Spearmint Essential Oil Market Size and Volume Forecast by Type
12.7.1. Absolute
12.7.2. Blends
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Spearmint Essential Oil Demand Share, 2019-2026
13. Middle East & Africa Spearmint Essential Oil Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Spearmint Essential Oil Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Spearmint Essential Oil Market Size and Volume Forecast by Application
13.4.1. Food & Beverage
13.4.2. Cosmetics & Personal Care
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Spearmint Essential Oil Market Size and Volume Forecast by Type
13.7.1. Absolute
13.7.2. Blends
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Spearmint Essential Oil Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Spearmint Essential Oil Market: Market Share Analysis
14.2. Spearmint Essential Oil Distributors and Customers
14.3. Spearmint Essential Oil Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Mountain Rose Herbs
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Citrus and Allied
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. doTERRA International
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Ultra International BV
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Young Living Essential Oils
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
