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Spearmint Oil Market Trends

Report ID: GMI7408
Published Date: Nov 2023
Report Format: PDF

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Spearmint Oil Market Trends

The spearmint oil industry has witnessed a notable uptrend in recent years, driven by increasing consumer awareness regarding the health benefits and versatile applications of spearmint oil. The growing demand for natural and organic products in the pharmaceutical, food and beverage, and cosmetic industries has fueled market expansion. Additionally, the rising popularity of aromatherapy and natural remedies has further boosted the demand for spearmint oil.

Authors: Kiran Pulidindi, Manish Mohanan

Frequently Asked Questions (FAQ) :

The market size of spearmint oil reached USD 450.6 million in 2022 and is poised to surpass USD 764 million by 2032, due to the increasing awareness and desire for natural and organic goods across many sectors worldwide.

The natural source segment recorded USD 271.7 million in 2022, with consumers increasingly seeking natural alternatives in various industries, including cosmetics, and food & beverages.

North America market size was valued at USD 151 million in 2022, owing to the consumers increasingly prioritizing health and wellness in the region.

Young Living Essential Oils, doTERRA International, AOS Products Pvt. Ltd., Shaanxi Guanjie Technology Co., Ltd., Ultra International B.V., NOW Foods, Green Fields Oil Factory, and Plant Therapy Essential Oils are some of the major spearmint oil companies worldwide.