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

348 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…

1367 Global export shipment records of Mentha Oil with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

The global peppermint oil market, valued at $2,651 million in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 6.8% from 2025 to 2033. This expansion is driven by the increasing demand for natural and organic ingredients in the cosmetics and personal care industry, coupled with the growing applications of peppermint oil in pharmaceuticals and food & beverages. The rising awareness of peppermint oil's therapeutic benefits, such as its soothing properties for digestive issues and its refreshing aroma for aromatherapy, further fuels market growth. While the synthetic peppermint oil segment offers a cost-effective alternative, the preference for natural products is expected to drive significant growth within this segment throughout the forecast period. Key geographic markets, including North America and Europe, are anticipated to maintain significant market share due to established consumer bases and robust regulatory frameworks supporting the use of peppermint oil in various applications. However, emerging markets in Asia-Pacific, particularly in countries like India and China, present significant growth potential owing to rising disposable incomes and increasing consumer awareness regarding natural remedies. Competition among existing players and the entry of new entrants further contribute to market dynamics. The segmentation of the peppermint oil market by application highlights the dominant role of cosmetics and personal care, followed by medical, food & beverage, and tobacco industries. Further research and development initiatives focused on exploring the diverse therapeutic uses of peppermint oil and the development of innovative product formulations are expected to play a pivotal role in driving future market expansion. Challenges, such as fluctuating raw material prices and stringent regulatory requirements in certain regions, are expected to influence market growth to some extent; however, the overall market outlook remains positive, indicating continued expansion and investment opportunities within the peppermint oil sector.

The global cornmint essential oil market is experiencing robust growth, projected to reach a market size of $500 million by 2025, exhibiting a Compound Annual Growth Rate (CAGR) of 7% from 2019 to 2033. This expansion is driven primarily by increasing demand from the food and beverage, pharmaceutical, and personal care industries. The rising consumer preference for natural and organic products, coupled with the inherent therapeutic properties of cornmint oil (such as its refreshing scent and potential antimicrobial effects), fuels this growth trajectory. The household segment currently holds the largest market share, but the commercial segment is expected to show significant growth over the forecast period due to increasing adoption in aromatherapy, cosmetics, and other industrial applications. Menthol-based cornmint oils constitute a substantial portion of the market, owing to their widespread use across various sectors. However, challenges remain, including the volatility of raw material prices and potential supply chain disruptions which can impact market stability and growth. Regional analysis reveals strong market penetration in North America and Europe, fueled by high consumer awareness and established industries utilizing the oil. However, developing economies in Asia-Pacific, specifically India and China, present significant opportunities for future market expansion, as these regions witness increasing disposable incomes and rising demand for natural products. The market segmentation by application (household, commercial, others) and type (menthol, menthone, others) provides insights into specific market niches. While household applications currently dominate, the commercial sector demonstrates the highest growth potential, driven by the increasing use of cornmint oil in pharmaceuticals, cosmetics, and aromatherapy products. Key players in the market, such as Berjé Inc., Bontoux, and Robertet, are continuously innovating to meet the rising demand, focusing on product diversification and expanding their geographical reach. The forecast period (2025-2033) anticipates a continuation of this positive trend, with growth fueled by increasing consumer awareness of natural ingredients, evolving application areas, and the expansion of the market into new geographical territories. However, sustainable sourcing practices and addressing the challenges posed by fluctuating raw material prices will remain critical for sustained market growth.