Peppermint oil market to face recession over next 10 years – The Courier
Peppermint Oil Market Introduction
Peppermint oil is an extract obtained from various parts of the peppermint plant. Peppermint oil is obtained by steam distillation just before flowering. Peppermint oil is used in the food and beverage industries to impart a natural mint flavor to various beverages, ice creams, candies and desserts, as well as confectionery items. The cosmetic industry uses peppermint oil on a large scale in body lotions, moisturizers and various creams. The use of peppermint oil has increased in aromatherapy for its relaxing and memory-boosting effects, as well as for its analgesic properties. Peppermint oil is used in household products such as air diffusers, air fresheners and sprays, as well as in personal care products such as toothpastes, shampoos, soaps, sanitizers. of mouth, etc. The use of peppermint oil is expected to increase in the food & beverage and aromatherapy segments during the forecast period.
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Peppermint Oil Market Outlook
The demand for peppermint oil is forecast to increase in Asia Pacific at a CAGR of 5.3% over the years of the forecast period. The growing demand for products containing natural and organic ingredients, as well as the increase in the use of personal and household care products by consumers with lifestyle changes, and the increase in per capita income are proving to be be a determining factor for peppermint oil in Asia Pacific. .
Growth of organic peppermint oil segment
Among natural peppermint oil market segments, organic peppermint oil segment is expected to register the highest growth rate of around 7.5%, with increased consumer demand for ingredients. natural and chemical-free. However, the conventional peppermint oil segment held the highest market share in 2017, due to its affordability and lower cost.
Growing consumer preference for the use of natural additives in food and drink
The growing awareness of consumers about the health problems caused by the consumption of products containing chemicals and artificial flavors is pushing them towards various natural products. Peppermint oils are natural and are used to impart aroma and flavor to various foods and drinks. The trend of “switching to natural and organic formulations” is expected to grow. Thus, the demand for food and drink products containing natural ingredients such as peppermint oil is expected to increase during the forecast period.
Increased stature of peppermint oil in aromatherapy
Aromatherapy is the use of aromas from natural substances for the treatment of various physical and emotional conditions. The aroma of natural and therapeutic oils has many benefits on various mental and physical health issues. Peppermint oil is used in aromatherapy for various purposes such as massage, inhalation, bath, perfume, etc. Peppermint oil is known to reduce anxiety, vomiting, and pain, as well as increase alertness and improve memory. Peppermint oil mixes well with most essential oils and is therefore preferred in most essential oil blends because it helps improve stamina and alertness. There is a growing demand for peppermint oil due to the growing consumer preference for natural alternatives instead of synthetic and chemical treatments. The growing consumer preference for aromatherapy is expected to be a major driver for the peppermint oil market.
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Use of peppermint oil in personal and household care products
Household cleaning products have increased in demand due to the growing consumer preference for cleaner, safer and more refreshing homes. Peppermint oil is the perfect candidate for use in household cleaners because it is a good solvent and gives a mint scent that refreshes the whole house. Peppermint oil has a cooling effect on the skin, also promotes blood circulation, thus improving the skin. Peppermint oil is thus used in various body and hair care products as a replacement for various synthetic products. The antibacterial and astringent properties of peppermint oil add value to the product. Peppermint oil is also used in various oral care products for a cooling effect. Peppermint oil is known as an excellent insect repellant and therefore is used in various insect repellents, formulations and creams. The increasing emergence of diseases such as dengue has spurred the demand for mosquito repellants containing natural active ingredients like peppermint oil.
Peppermint oil therapeutic uses
Peppermint oil is known to improve digestion and help with irritable bowel syndrome. Peppermint oil has various therapeutic properties and is useful for health conditions such as IBS, heartburn, indigestion, nausea, morning sickness, menstrual problems, colds and coughs, inflammation of the mouth and throat, etc. Peppermint oil is inhaled or directly ingested in small amounts in order to reap its therapeutic benefits. Food supplements are added with peppermint oil to increase its therapeutic value.
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