Global Mentha Oil Market: Country Overview; Value Chain Analysis; Production Process; Trade Analysis; Market Dynamics: Drivers & Constraints, Industry Events, Innovations & Trends, SWOT Analysis; Porter’s Five Forces; Industry Best Practices: Sourcing Strategy, Procurement Model, Contract Structure, Negotiation Levers, Key Factors Influencing the Quotation; Key Supplier Analysis, 2024-2032

Mentha Oil Industry Report by Regional Category Spend, Price Analysis, Key Demand, and Price Indicators, and Best Buying Practices

The global Mentha Oil market reached a value of about USD 220 billion in 2021. The industry is projected to grow at a CAGR of around 8.5% in the forecast period of 2022-2027 to reach a value of about USD 360 billion by 2027.

The global Mentha Oil industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The various applications of the product are driving the industry. In the industry report, the key demand indicator is the highest category spender by region—Asia.

Mentha Oil: Industry Definition and Segmentation

Mentha, commonly known as mint, is a genus of plants belonging to the Lamiaceae family. It is an aromatic herb known in India as Japanese pudina. Breath fresheners, toothpaste, chewing gum, and other items typically use mentha oil as a flavour. The oil is also utilised as a cigarette addiction and in medicine, cosmetics, and pesticides. The Mentha Oil industry report comprises segments by end-use (F&F, Pharmaceuticals, Industrial) and region (North America, Europe, Asia Pacific, the Middle East, Africa, and South America).

The Asia Pacific Region is Driving the Growth of the Industry

Asia holds the largest share in the market due to key players such as India and China. Furthermore, mentha oil is one of India's most frequently traded chemical commodities. It is widely employed in end-use markets such as food, medicines, and cosmetics, thus resulting in the market's expansion.

The market is being driven by the extensive application of the product in the end-user industries like aromatherapy, personal care and cosmetics, medicines, and food and beverage, which is expected to drive the market's growth. The rising awareness regarding health and relaxation is driving the market's expansion. Growing consumer inclination towards the trend of spa and leisure and the growing popularity of aromatherapy, massage oils, and personal care products has led to the industry's growth. Other factors such as a rise in disposable incomes and growing consumer inclination towards natural products made from naturally derived substances will likely propel the market forward. In addition, the rise of social media and various promotional activities by manufacturers is furthering the market growth.

Best Procurement Practices

The global Mentha Oil industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Mentha Oil regions, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.

Category Management Studies

The steam distillation process produces mentha oil and filters dried Mentha arvensis leaves, which may then be processed to generate menthol and other derivatives. Mentha oil and its products are widely utilised in the food, pharmaceutical, fragrance, and flavouring industries. The steam distillation process is used to obtain Mentha Oil. A golden yellow volatile oil is carved after filtering. In the extraction procedure, the leaves and blossom tips are utilised. The by-product may separate 50% of the menthol when it has cooled. Peppermint oil may be made from residual oil.

Various Uses of the Product, Further Driving the Mentha Oil Market

The industry is witnessing growth due to the product's employment in the food and beverage sector is further propelling the industry's expansion. Mentha oil is used to give the items a particular flavour and scent. Menthol is used to treat common colds, mouth and throat irritation, and as a flavouring ingredient in food and drinks, and its characteristic minty flavour makes it popular in confectioneries. Furthermore, Express delivery of items such as experimental medical devices, clinical supplies, and patient samples, for example, is crucial for healthcare purchasers. Also, Rapid technical advances in oil extraction processes are expected to boost output and positively impact growth.

The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

Key Industry Players Mentioned in the Mentha Oil Industry Report

• Robertet Group
• The Biolandes Group
• H. Reynaud & Fils GmbH
• Lebermuth Inc.
• Sydeny Essential Oils Company

Market Landscape

India controls the majority of the worldwide mentha oil market. In India, the state of Uttar Pradesh produces the most mentha, with Punjab and Haryana sharing the rest. Various makers of food, medicines, cosmetics, tobacco, pan masala, perfumes, confectionaries, and house cleaning goods use these firms' products.

Key Initiatives by Companies

• 6th of August 2021, Robertet announced the acquisition of Astier Demarest's controlling interest. With a strengthened presence at the source on necessary items for their sector, this investment reinforces the Group's aim to be the world leader in aromatic components. It enhances their competitive edge in sustainable sourcing of Natural products.