Mentha Oil Market

This report analyzes the mentha oil market in term of types, application, and regions. Geographically, the report is segmented into Asia-Pacific, Europe, North America, Latin America, and Rest of the World. The types covered in this report are Japanese mint oil, peppermint oil and others including spear mint oil, water mint oil, horsemint oil, and bergamont oil. The market segmentation in terms of application of the report includes pharmaceuticals, food, cosmetics and others including tobacco products, pan masala, fragrance industry, household cleaning products, and confectionaries.

The report estimates the size of the global mentha oil market in terms of value. It discusses the market drivers, restraints, and opportunities. The report also tracks the recent strategic activities of market players, such as product launches, expansion plans, supply contracts, partnerships, and collaborations. Additionally, ten of the key players in the market have been profiled in this report.

Mentha oil has gained significance due to wide applications in pharmaceuticals and other segments such as food, and cosmetics. However, lack of organized and formal marketing channels and high mentha oil extraction set-up cost are the major hindrance to the growth of the market. Increased use of synthetic mentha oil in recent days has kept the consumers under dilemma as the majority of the consumers across developed nations prefer natural mentha oil in their products.

FIGURE 1   MENTHA OIL MARKET SHARE (VALUE), BY APPLICATION, 2014

Note: *Others include tobacco products, fragrance industry, household cleaning products, and confectionaries
Source: Press Releases, Investor Presentations, Government Publications, and MarketsandMarkets Analysis

The mentha oil market was valued at $xxx million in 2014. Mentha oil is added to the products to give them a distinct flavor and fragrance. Menthol is used for common cold, inflammation of mouth and throat and is also used in the food and beverages as a flavoring agent. It is excessively used in confectionaries for its distinctive minty taste.

The major share of the global mentha oil market is accounted by India, followed by China, Brazil, the U.S. and Japan. In India, U.P. state account for the maximum mentha production, while Punjab and Haryana share the remaining. Some of the major producers of mentha oil in India are Neeru Enterprises, Herbochem Industries, Katyani Exports, Mentha and Allied Products Limited, Shree Balaji Aromatics Pvt. Ltd., and A.G. Industries. The products of these companies are used by various manufacturers of food, pharmaceuticals, cosmetics, tobacco, pan masala, fragrances, confectionaries and house cleaning products. Asia-Pacific is leading the global market due to the presence of major players such as India and China. Moreover, in India, mentha oil is one of the most actively traded commodities in the chemical market and it is being significantly used in end-use market such as food, pharmaceuticals, and cosmetics.

This report highlights the types of mentha oil such as Japanese mint oil, Peppermint Oil and others. The report also estimates the market size of mentha oil in the key markets of Europe, Asia-Pacific, North America, Latin America, and Rest of the World (ROW). In addition to market forecasts, the report also highlights the key opportunity areas for the relevant stakeholders by analyzing trends, opportunities, drivers, and inhibitors for the market.

In order to provide a deeper understanding of the competitive landscape, the report has profiled ten key players of the mentha oil market, and provided a study that has been categorized into types, application, and regions.
The report segments the global market into the following three segments:

On the basis of application, the market for mentha oil has been segmented as follows:

• Pharmaceuticals
• Food
• Cosmetics
• Others (including tobacco products, fragrance industry, household cleaning products, and confectionaries)

On the basis of types of types, the market for mentha oil has been segmented as follows:

• Japanese mint oil
• Peppermint Oil
• Others (including spear mint oil, water mint oil, horsemint oil, and Bergamont oil)

On the basis of key regions, the market for mentha oil has been segmented as follows:

• North America
• Europe
• Asia-Pacific
• Latin America
• Rest of the World