Tag: Peppermint

Essential Oils Market Demand To Reach 473.31 Kilotons By 2027

The global essential oils market demand is expected to reach 473.31 kilotons by 2027, according to a new report by Grand View Research, Inc., registering a CAGR of 7.5% from 2020 to 2027. Aromatherapy is rapidly gaining momentum as a convenient method of healing lifestyle diseases, which is contributing to the demand for essential oils. It is also important to notice that sales are closely related to consumer education-the more consumers are informed regarding applications and usage of essential oils, greater is the sales.

Essential oils are majorly composed of terpenes and their oxygenated derivatives, which usually include monoterpenes and sesquiterpenes. They are present in specialized cells/glands in various plants and the position of these glands varies depending upon the morphology and physiology of the plant. During manufacturing process, these glands are ruptured by pressing or by application of heat, which emanates aroma. The product is composed of aromatic compounds, which are volatile as well as hydrophobic in nature.

A majority of the consumers demand essential oils for various purposes, such as for enhancing air freshness at home by adding drops in aroma pots or aroma diffusers, which diffuse oil in the form of atomized particles, and in aroma bath by adding oils to the water. Young women use these products for making homemade cosmetics owing to their natural content and medicinal benefits.

Rising demand for organic products is another factor influencing consumer trends. Further implementation of regulations favoring the use of environmentally friendly ingredients in cosmetics and food and beverage industry has awakened people’s interest to seek products made from natural ingredients. The industry has witnessed a sharp increase in demand for 100% plant-based products that are devoid of synthetic fragrances and animal-derived components. As a result, majority of the population is turning to organic products to gain health benefits.

Owing to the outbreak of coronavirus around the world, many of the countries are observing lockdown situations. This is expected to lead to major raw material shortages, disruption in supply chain, and increased prices of highly demanded products in the next two to three quarters. Moreover, restrictions on imports and exports of goods by any means from most of the South East Asian countries can worsen the situation in the coming months. However, on the brighter side, the temporary closure or slowing down of manufacturing plants of synthetic flavors and fragrances in China can be seen as an opportunity to the essential oil distillers as the manufacturers may turn to the smaller vendors to fulfil their raw material requirements.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/essential-oils-market

Further key findings from the study suggest:

  • In terms of revenue, the orange oil product segment is expected to expand at a CAGR of 7.4% over the forecast period
  • In 2019, food and beverages application emerged as the second largest application segment with a share of 38.6% in terms of volume
  • Asia Pacific is projected to witness the fastest growth over the forecast period. 

Mint Essential Oil Market Worth $330.02 Million By 2025

The global mint essential oil market demand is estimated to reach USD 330.02 million by 2025, registering a CAGR of 9.2% over the forecast period, according to a new report by Grand View Research, Inc. The product’s demand is anticipated to reach 66.38 kilotons by 2025. Rising demand for flavoring agents in a diversified range of end-use industries, such as food and beverage, pharmaceuticals, and personal care and cosmetics is expected to fuel the growth.

Growing research and development pertaining to the beneficial applications of mint oils coupled with the technological advancements in methods of extraction such as steam distillation have resulted in a significant rise in mint oil production for commercial applications. This factor is projected to fuel the growth of the mint essential oil market over the forecast period.

The varying amounts of menthol present in mint oils is known to have different antimicrobial activity and beneficial properties. Additionally, menthol from mint essential oil is used as a key flavor and fragrances ingredient in personal care and cosmetics, medicines, and perfumes. Increasing demand for flavoring agents in food and beverage is likely to propel the consumption of product in food and beverage industry. Several overall health benefits related with essential oils are projected to drive the demand for essential oils in pharmaceutical and medical applications.

The market has been expanding with emerging applications of mint essential oil in insect repellants and cigarettes. They are increasingly being used in the production of menthol flavored cigarettes. Also, cornmint oil, dementholized oil, peppermint oil, and spearmint oil have been reported to showcase effective repellency against mosquitoes and insects. This factor has increased their application in natural insect/mosquito repellants. Further, cornmint essential oil is the most preferred oil among the flavor & fragrances industries for its minty flavor and extraction of menthol, while peppermint oil market is expected to grow owing to the rising popularity of the oil amongst household consumers as a food ingredient and aromatherapy

Increasing consumer inclination toward natural and organic ingredient-based products is expected to increase the demand for mint essential oil from consumer product manufacturing industries at an exponential rate. Widespread urbanization coupled with increasing social media influence has popularized natural plant extract based healing treatments such as aromatherapy. Mint essential oil are extensively used for stress relieving applications in aromatherapy. This is likely to drive the growth of the mint essential oil market in the forthcoming years.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/mint-essential-oils-market

Further key findings from the report suggest:

  • In terms of revenue, the consumption of cornmint oil through direct sales is poised to grow at a CAGR of 8.1% in food & beverages
  • Cornmint oil emerged as the dominant product segment with a market share of more than 60% in terms of revenue in 2018
  • U.S. occupies a significant market share, stimulated by growing inclination toward preventive healthcare in the country
  • ADM WILD Europe GmbH & Co.KG; Essex Laboratories LLC.; and Lebermuth, Inc. which are some of the established players in terms of their value chain, regional presence, and product portfolio

Essential Oils Market Demand To Reach 473.31 Kilotons By 2027

The global essential oils market demand is expected to reach 473.31 kilotons by 2027, according to a new report by Grand View Research, Inc., registering a CAGR of 7.5% from 2020 to 2027. Aromatherapy is rapidly gaining momentum as a convenient method of healing lifestyle diseases, which is contributing to the demand for essential oils. It is also important to notice that sales are closely related to consumer education-the more consumers are informed regarding applications and usage of essential oils, greater is the sales.

Essential oils are majorly composed of terpenes and their oxygenated derivatives, which usually include monoterpenes and sesquiterpenes. They are present in specialized cells/glands in various plants and the position of these glands varies depending upon the morphology and physiology of the plant. During manufacturing process, these glands are ruptured by pressing or by application of heat, which emanates aroma. The product is composed of aromatic compounds, which are volatile as well as hydrophobic in nature.

A majority of the consumers demand essential oils for various purposes, such as for enhancing air freshness at home by adding drops in aroma pots or aroma diffusers, which diffuse oil in the form of atomized particles, and in aroma bath by adding oils to the water. Young women use these products for making homemade cosmetics owing to their natural content and medicinal benefits.

Rising demand for organic products is another factor influencing consumer trends. Further implementation of regulations favoring the use of environmentally friendly ingredients in cosmetics and food and beverage industry has awakened people’s interest to seek products made from natural ingredients. The industry has witnessed a sharp increase in demand for 100% plant-based products that are devoid of synthetic fragrances and animal-derived components. As a result, majority of the population is turning to organic products to gain health benefits.

Owing to the outbreak of coronavirus around the world, many of the countries are observing lockdown situations. This is expected to lead to major raw material shortages, disruption in supply chain, and increased prices of highly demanded products in the next two to three quarters. Moreover, restrictions on imports and exports of goods by any means from most of the South East Asian countries can worsen the situation in the coming months. However, on the brighter side, the temporary closure or slowing down of manufacturing plants of synthetic flavors and fragrances in China can be seen as an opportunity to the essential oil distillers as the manufacturers may turn to the smaller vendors to fulfil their raw material requirements.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/essential-oils-market

Further key findings from the report suggest:

  • In terms of revenue, the orange oil product segment is expected to expand at a CAGR of 7.4% over the forecast period
  • In 2019, food and beverages application emerged as the second largest application segment with a share of 38.6% in terms of volume
  • Asia Pacific is projected to witness the fastest growth over the forecast period.