Market Overview

Global Wild Mint Oil market was valued USD 10.10 Billion in 2022 and it is projected to surpass around USD 22.86 Billion by 2030 growing  at a CAGR of 9.5% during the forecast period 2023 to 2030.

Wild Mint Oil is a type of essential oil that is often used to make medicines and beauty products. Mentha Canadensis, which is mostly found in North America and the eastern part of the Asia-Pacific area, is used to make Wild Mint Oil. To make Wild Mint Oil, the herb's resins are taken out using a cold extraction method. Because it is good for your health, Wild Mint Oil is used a lot in the healthcare industry.

According to the study from Contrive Datum Insights, the global mint essential oil market demand is expected to reach USD 13.26 billion by 2025, with a CAGR of 9.2% over the forecast period. By 2025, 66.38 kilotons of the goods will have been bought. The growth is likely to be driven by the growing demand for flavoring agents in many end-use industries, such as food and beverages, pharmaceuticals, and personal care and cosmetics.

Aromatic essential oils are in higher demand because more people are worried about their health and use natural remedies. Wild mint oil is a strong-smelling essential oil made from the bark of the Mentha canadensis plant. Because it contains active ingredients like caryophyllene, wild mint oil is very useful in makeup and plant medicine. Wild mint oil is used in skin care as a moisturizer for dry and old skin. It is also used in cleaners, soaps, and other personal care products as a fixative, a modifier, and a blender. Wild mint oil is also used in perfumes because it has a smell that makes people want to buy it. Wild mint oil is good for healing because it can stop muscle cramps, get rid of worms, kill germs, and make tofu taste better. Wild mint oil can help with digestion, stomachaches, and bad breath. Wild mint oil makes it easier to breathe, boosts the nervous system, and stops free radicals from doing damage. Wild mint oil is also used as a liquid in cigarettes and as a medicine to help people with coughs and colds clear their lungs. Because of these things, the price and amount of wild mint oil are expected to go up in the next few years.

Because it is antispasmodic and kills germs, wild mint oil is used to make medicines that help with digestion, mouth health, immunity, and stomach problems. Wild mint oil is used to treat asthma and spots on the skin. Wild mint oil can be put on the skin directly and is also used in large amounts to make makeup and other personal care items. Wild Mint Oil is getting more popular because it can be used to help people feel better and look better. The worldwide market for wild mint oil has grown because more and more people are using plants to make medicines and beauty items.

The market for Wild Mint Oil mixed with different boosters has grown by 4% in the Personal Care Products business. Organic Wild Mint Oil sales are up 2.7% because more people want to use organic cosmetics, personal care products, and herbal drugs.

Demand for Wild Mint Oil has gone up by 2.4% in the United States because more people are using candles and sprays made from plants to make their homes smell better.

Market Dynamics

Market growth and trends: According to a new study from Contrive Datum Insights, the global mint essential oil market demand is expected to reach USD 330.02 million by 2025, with a CAGR of 9.2% over the forecast period. By 2025, 66.38 kilotons of the goods will have been bought. The growth is likely to be driven by the growing demand for flavoring agents in many end-use industries, such as food and beverages, pharmaceuticals, and personal care and cosmetics.

Growing study and development about how mint oils can help people, along with technical improvements in ways to get mint oil like steam distillation, have led to a big rise in mint oil production for commercial use. This means that the market for mint essential oil is expected to grow in the next few years.

Mint oil has different antibacterial and helpful benefits depending on how much menthol is in it. Mint essential oil is also used to make menthol, which has a strong taste and smell and is used in many cosmetics, medicines, and scents. Since the need for flavoring ingredients is growing, the food and drink business is likely to use more of a certain product. Essential oils are generally good for your health, which is likely to make them more popular in the pharmacy and medical fields.

Opportunities: Between 2022 and 2030, when the forecast is made, the Wild Mint Oil market is expected to grow quickly. The market is growing slowly in 2021, and since more and more big players are using strategies, it is likely that the market will continue to grow over the next few years.

North America, especially the U.S., will still play an important role that can't be ignored. If something happens in the U.S., it could change how Wild Mint Oil spreads. Over the next few years, the North American market is going to grow a lot. Since there are a lot of big players in this area and a lot of people who use new technology, the market probably has a lot of chances to grow.

Europe is also a big part of the world market, and the CAGR shows that it will grow very quickly from 2023 to 2030.

Major Market Segments Covered 

On the basis of Type

Organic

Oil is the essential oil that comes from the peppermint plant's flowers and leaves. (Essential oils are very concentrated oils containing substances that give a plant its characteristic odor or flavor.) Aromatherapy uses this cold and refreshing oil to wake up the mind, make it more agile, and help people focus. It also cools the skin, reduces redness, and calms irritation and itching.

Conventional

Most of the time, conventional oils are the most cost-effective choice because they don't need as much refining and re-engineering, which can be expensive. Many car companies still recommend traditional engine oils, as long as they meet the latest industry standards.

On the basis of Application

Pharmaceuticals

Essential oils have been studied for more than 60 years, but in the last few decades, people have become more interested because they want to find natural cures again. Essential oils have been around for thousands of years, and even in ancient times, they were used for healing and rituals because of how well they worked. Essential oils are made from raw plant materials using a variety of methods that have been improved over time. The choice of extraction method is important because it affects the type, amount, and stereochemical structure of the essential oil molecules.

Cosmetics

Cosmetic oils, A mix of oils that deeply feed the skin, absorb quickly, and leave a clean finish. There are oils for dry, combination, and oily skin, as well as oils for other skin issues. (wrinkles, acne, greasiness).

Personal Care

Peppermint oil is advertised as a way to treat headaches, muscle aches, joint pain, and itching by putting it on the skin. Peppermint oil is used in aromatherapy to treat coughs and colds, reduce pain, improve brain function, and make people feel less stressed.

House Care

Wild mint oil is one of the essential oils that can be used for many different things. It can be used to clean, get rid of smells, and even keep animals away from the house.

Aromatherapy

Aromatherapy uses wild mint oil to wake up the mind, improve mental sharpness, and help people focus. It also cools the skin, reduces redness, and soothes irritation and itching.

On the basis of distribution

Direct

Direct Oil is a company based in the UK that knows a lot about heating oil. For more than ten years, they have helped homes all over the country get heating oil online. We try to make it easy to order and keep our supplies on time.

Indirect

Indirect distribution is when a company sells in bulk to agents or retailers so that they can sell the goods for them. They store it, put it on show, and hire salespeople to give it to customers.

Supermarket/Hypermarket

Peppermint oil is easy to find in grocery stores and superstores, which explains why it has a bigger market share in modern trade. By the end of 2022, it is expected that modern trade will have taken over $300 million and almost half of the market. Franchise shops are likely to follow suit and make up one-fifth of the global peppermint oil market share because more and more people want to buy the best products.

Pharmaceuticals

Peppermint oil is used in a number of natural health items, but it is not a legal drug.

Specialty stores

Peppermint oil, which is sometimes called peppermint essential oil, can be found in the health and vitamin area of almost all grocery stores. This is not the same as peppermint extract, which you can find next to vanilla extract in the baking area.

E-commerce

The oil business is starting to see how using e-commerce to buy, sell, and rent used and extra materials and equipment can be helpful. 

Regional insights

Geographically, the global Wild Mint Oil market is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. (MEA).

North America is projected to have the biggest share of the market during the time period covered by the forecast. Peppermint oil is in high demand in the medicine business because it can kill germs. The Asia-Pacific region is expected to have the highest CAGR from now until 2030. This is because new apps like house care have a lot of promise that hasn't been used yet.

The growth rate of the Middle East and Africa Market is 2.3%. Since people like scented goods and this area is a trade bridge between the Asia-Pacific and the rest of the world, it is expected that the use of Wild Mint Oil will grow by more than 10% per year over the next 10 years.

Scope Of Report

Key Vendor

• UAB Saflora
• Aromaaz International
• Aksu Vital Natural Products and Cosmetics
• Hey Gorgeous Skincare
• Ultra International B.V.
• Citromax S.A.C.I.
• North American Herb and Spice
• Lemongrass House
• Jiangxi Global Natural Spice Co., Ltd.
• Clovertree and others.

• Aromaaz International

Aromaaz International is an easy-to-use essential oil retailer and wholesaler where clients can buy a wide range of essential oils and herbal goods. Their online megastore has a huge range of aromatherapy oils, pure essential oils, carrier and base oils, natural flower oils, spice oils, hydrosols, massage oils, Indian attars, etc. All of Their goods are made in a clean way in their warehouses by using the most up-to-date boiling and extraction methods.

•  Hey Gorgeous Skincare

Hey Gorgeous Waxing and Skin Studio in Austin is known for its many services for both men and women that have to do with skin and waxing. From full shaving to chemical peels, Their professional estheticians will make sure you look and feel as beautiful as ever when customers leave their studio. They are also the best place for dermaplaning in Austin.

They care about giving good service at Hey Gorgeous Waxing and Skin Studio. They are proud to be able to give their customers the most unique beauty experiences. 

•  Ultra International B.V.

Ultra is a company that specializes in essential oils. Their headquarters are in Spijkenisse, Holland, but they have sites all over the world that make high-quality essential oils and raw materials. This was their strength and what sets us apart from other companies.

Ultra's main strengths are their portfolios from Indonesia, Australia, Eastern Europe, and Russia, as well as their portfolios of Citrus Oil, especially Orange, Lemon, and Lime from Spain, Italy, Argentina, Brazil, and Mexico. Ultra's deals are sometimes unbeatable because they are at the source.

• Citromax S.A.C.I.

Citromax has been known for a long time as a well-respected leader in the industry when it comes to high-quality lemon oils, organic lemon oil, and a wide range of conventional and organic goods that go with them. Customers can be sure that products meet the top standards in the industry because the company owns the lemon groves in Tucumán, Argentina, which are the first step in the vertically integrated process. 

• North American Herb and Spice

North American Herb and Spice was founded in 1999 by Judy Kay. Their view that gathering herbs from the wild is the key to staying healthy has led to the creation of an innovative and large line of sustainable herbal supplements. 

They want to heal not only people but also the world. They care about taking care of the planet, and giving back is a top concern. Hundreds of people in 60 remote towns are living better because of what they did. North American Herb and Spice  have saved miles of land through their  work.  

Market Segmentation

Global Wild Mint Oil market research report is categorized based on type, applications and region.

On the basis of Type:

• Organic
• Conventional

On the basis of Application:

• Pharmaceuticals
• Cosmetics
• Personal Care
• House Care
• Aromatherapy

On the basis of distribution:

• Direct
• Indirect
• Supermarket/Hypermarket
• Pharmaceuticals
• Specialty stores
• E-commerce

Global Wild Mint Oil market Regional insights

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • France
  • Italy
  • Spain
  • UK
  • Nordic Countries
    • Denmark
    • Finland
    • Iceland
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia-Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia-Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

Conclusion