- Press Release -

Rockville, Md. The global spearmint oil market is set for steady growth through 2022, according to Fact.MR, as demand builds across healthcare, cosmetics and personal care. Rising cases of indigestion, common cold and respiratory complaints are pulling the oil into more medicinal use, while its antiseptic and antioxidant properties widen its appeal to cosmetic and personal care makers.

Natural oil dominates the source mix and grows fastest, the therapeutic segment leads on growth, and Europe is the top region. Absolute form is the most attractive product by the close of the period.

Sources, Forms and End Uses

Natural spearmint oil posts the fastest growth by source and is set to represent more than US$ 120 Mn in value, while absolute form stands out as the most attractive product by 2022. By end use, the therapeutic industry records the highest growth on the strength of the oil's revitalising properties and restorative fragrance, while food and beverages holds a high revenue share. Online is the fastest-growing distribution channel, followed by franchise outlets.

Europe leads by region, where natural products outsell organic and expanding online channels lift revenue, with therapeutic demand particularly strong across the region.

Health Benefits Drive Demand

The market runs on wellness. Rich in antioxidants and valued for anti-inflammatory and antiseptic effects, spearmint oil is drawn into treatments for digestive and respiratory complaints as well as insect repellents and skin-soothing products, and that breadth of benefit keeps demand rising through the forecast period.

Suppliers and Their Playbook

The field brings together specialist essential oil producers.

• IL Health and Beauty Natural Oils Co., Inc., Aromaaz International, Aksuvital, DoTERRA International, Plant Therapy Essential Oils, Lionel Hitchen Essential Oils, Synthite Industries Ltd., Young Living Essential Oils, The Lebermuth Company Inc., and Green Fields Oil Factory are among the key players in the report.

Reading the Market for Decisions

For producers, growth favours natural oil, therapeutic positioning and a stronger online presence. Investors get a small, steadily growing market. Procurement teams can plan around natural grades leading demand, the therapeutic segment carrying growth, and Europe offering the largest opportunity through 2022.

About the Report

Fact.MR's study covers the global spearmint oil market for the 2017 to 2022 forecast period, with segmentation by source, form, end user, distribution channel and region. It sizes each segment, maps the competitive field, and weighs the consumer forces shaping demand. Further detail is available in the spearmint oil market report.

About Fact.MR

Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. The firm is known for its syndicated research, custom research and consulting solutions, helping clients make decisions on demand, competition, investment, procurement and future growth.