Get the latest insights on price movement and trend analysis of Mentha Oil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

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Mentha Oil Market Size 2025-2029

The mentha oil market size is valued to increase by USD 216.4 million, at a CAGR of 11.7% from 2024 to 2029. Health benefits of essential oils will drive the mentha oil market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 53% growth during the forecast period.
By Application - Pharmaceutical segment was valued at USD 70.40 million in 2023
By Type - Japanese mint oil segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 160.22 million
Market Future Opportunities: USD 216.40 million
CAGR from 2024 to 2029 : 11.7%

Market Summary

Mentha oil, derived from the Mentha plant family, occupies a significant position in the global essential oils market. With a value exceeding USD1.5 billion in 2021, this market continues to expand due to increasing consumer awareness of its health benefits and versatile applications. Mentha oil's popularity stems from its numerous therapeutic properties, including analgesic, antimicrobial, and antioxidant effects. Its use extends to aromatherapy, food and beverage industries, and pharmaceuticals. The oil's clean labeling trend, which prioritizes natural and organic ingredients, further fuels demand. However, the market faces challenges from other essential oils, as consumers explore various options for their wellness needs.
Competition intensifies as alternative essential oils, such as lavender and tea tree oil, also offer health benefits and versatility. Despite this, the market's growth remains robust, driven by ongoing research and development efforts to discover new applications and uses for Mentha oil. In conclusion, the market's expansion is underpinned by its health benefits, clean labeling trend, and versatility. Despite competition from other essential oils, the market's growth is expected to continue due to ongoing research and development efforts.

What will be the Size of the Mentha Oil Market during the forecast period?

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How is the Mentha Oil Market Segmented ?

The mentha oil industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Pharmaceutical
  Food and beverage
  Cosmetics
  Others


Type

  Japanese mint oil
  Peppermint oil
  Others


Method

  Steam distillation
  Solvent extraction


Grade Type

  Medical grade
  Cosmetic grade
  Food grade


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    Spain


  APAC

    China
    India
    Japan


  South America

    Brazil


  Rest of World (ROW)

By Application Insights

The pharmaceutical segment is estimated to witness significant growth during the forecast period.

The market continues to evolve, driven by the diverse applications of this essential oil in pharmaceuticals, cosmetics, and various industries. Mentha oil, obtained through hydro distillation or steam distillation processes, boasts a complex chemical composition, including menthol, menthone, and other aroma compounds. This complexity necessitates rigorous quality assurance systems, including purity testing protocols, traceability systems, and regulatory compliance aspects. Adherence to industry standards is crucial, with mentha arvensis varieties and mentha piperita cultivation practices under close scrutiny for optimal oil yield and sustainability. Wastewater treatment methods and agricultural practices, including irrigation techniques and soil nutrient management, are also critical for maintaining environmental impact assessments.

Demand forecasting models predict a steady increase in mentha oil consumption due to its diaphoretic, stimulant, carminative, and expectorant properties. KAMA AYURVEDA and Young Living Essential Oils are among the leading brands offering mentha oil, ensuring product labeling requirements and storage condition impact are met. Mass spectrometry detection and gas chromatography analysis are essential for ensuring the authenticity and purity of mentha oil, with menthol content determination and aroma compound profiling playing key roles in product development. Despite the challenges, the market remains robust, with ongoing research focusing on menthol extraction methods, pest control strategies, and crop disease management.

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The Pharmaceutical segment was valued at USD 70.40 million in 2019 and showed a gradual increase during the forecast period.

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Regional Analysis

APAC is estimated to contribute 53% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and

19 Global import shipment records of Mentha Oil with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

View yearly updates and historical trends for US Mint, Peppermint, Oil Price Received. from United States. Source: US Department of Agriculture. Track eco…

11 Global export shipment records of Mentha Oil with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

224 Global export shipment records of Mentha Oil And HSN Code 33012990 with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

8170 Global exporters importers export import shipment records of Mentha oil with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

9418 Global export shipment records of Peppermint Oil with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

25 Global import shipment records of Mentha Oil And HSN Code 33012400 with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

244 Global import shipment records of Peppermint Oil with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

58 Global exporters importers export import shipment records of Peppermint oil fraction with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

830 Global exporters importers export import shipment records of Menthol oil with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

12 Global export shipment records of Oil,mentha with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

64 Global import shipment records of Peppermint Oil with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

166 Global import shipment records of Dementholised Peppermint Oil with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

546 Global exporters importers export import shipment records of Organic peppermint oil with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

661 Global export shipment records of Peppermint Oil with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

171 Global import shipment records of Peppermint Oil with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

40 Global import shipment records of Peppermint Oil Fraction with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

284 Global export shipment records of Menthol Oil with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.