Global Wild Mint Oil Market size was valued at US$ XX Bn. in 2019 and the total revenue is expected to grow at 3.8 % through 2020 to 2026, reaching nearly US$ XX Bn.
Global Wild Mint Oil Market Overview:
Wild Mint Oil is a type of essential oil that is used on a large scale in manufacturing medicines and cosmetics products. Wild Mint Oil is extracted from Mentha Canadensis found predominantly in North America and the eastern region of the Asia-Pacific. The resins of this herb are put through a cold extraction process to obtain Wild Mint Oil. The presence of medicinal properties has resulted in a wide-scale use of Wild Mint Oil by the Healthcare sector.
Wild Mint Oil holds antispasmodic and antiseptic properties that are used in manufacturing medicines on digestion, oral care, immunity, and abdomen-related issues. Wild Mint Oil is used to treat skin-related issues like rashes and allergies. Wild Mint Oil is applied directly to the skin and is used on a large scale in manufacturing cosmetics and personal care products. The presence of medicinal and cosmetic properties has resulted in a growth in demand for Wild Mint Oil. An increase in the number of people preferring organic and plant-based products as medicines and cosmetics has resulted in the growth in the Global Wild Mint Oil Market.
Global Wild Mint Oil Market Dynamics:
A report by Valtcho D Jeliazkov published in HortScience Magazine states that medicinal properties present in the Wild Mint Oil can be maximized by varying the Distillation temperature during the process of extraction. This report has revolutionized the process used for manufacturing Wild Mint Oil and has improved the contents with medicinal properties present in it. This report has improved the process of Wild Mint Oil extraction and has improved the quality of products made by using it.
A report by WHO published in 2016 states that just 1 out of 10 people living in this world is healthy at any given time of the year. This report suggests the presence of a wide population that suffers from immunity-related health issues. Wild Mint Oil possesses medicinal properties that are used to improve immunity and treat cough, fever, and chills. With the increase in the number of people getting affected by the common flu, Wild Mint Oil provides a natural and safe alternative to treat this issue.
Wild Mint Oil is used as a fixative in manufacturing cosmetics and personal care products. Wild Mint Oil is a plant-based product that can be applied directly to the skin and holds antimicrobial and antiseptic properties. This has resulted in increased use of products like Creams, toothpaste, shower gel, soaps, and cleansers made by using Wild Mint Oil. An increase in preference for mint-flavored personal care products around the world has resulted in increased demand for Wild Mint Oil.
An increase in the number of people preferring Aromatherapy as the stress reliever has resulted in increased consumption of Wild Mint Oil by the Healthcare Sector. A report by WHO states that an increase in industrialization and global commerce has resulted in an 11% increase in the number of people suffering from stress. The same report suggests that 14% of the men and 21% of the women living in the metropolitan cities prefer Aromatherapy at least twice a month as a treatment for stress management.
In August 2017, UAB Saflora launched a new product made by using Wild Mint Oil for Aromatherapy.
In March 2017, FINEESSENCE launched a new product Menthe Champs in the European market, which is made by using Wild Mint Oil extracted from organic farms in India.
The rising preference for herbs and herb-based products is the driving factor for the growth of the Global Wild Mint Oil Market.
Restraints:
The presence of low-cost alternatives is limiting the growth of the Global Wild Mint Oil Market.
Global Wild Mint Oil Market Segment Analysis:
The Global Wild Mint Oil Market is segmented on the basis of
By Nature, It is observed that Wild Mint Oil mixed with different enhancers has observed a 4% growth in demand from the Personal Care Products manufacturing industry. A rise in the preference for organic cosmetics and personal care products and herbal medicines has resulted in a 2.7% increase in demand for Organic Wild Mint Oil.
By Application, It is observed that the preference for Wild Mint Oil Aromatherapy by people living in Metro cities has observed a 3% increase. An increase in preference for herbal and conventional medicines made by using Wild Mint Oil has resulted in a 2.7% increase in consumption of it by the Pharmaceutical industry. A rise in preference for mint-based products and cosmetics made by using Wild Mint Oil has resulted in a 3.6% increase in consumption of Wild Mint Oil by the Cosmetics and Personal Care Products Industry.
The preference for plant-based incense and sprays used to improve aroma in the home has resulted in a 2.4% increase in demand for Wild Mint Oil by the domestic sector. Different industries and commercial establishments use Wild Mint Oil as per need.
By Distribution Channel, It is observed that Supermarkets in the US and Europe have observed a 3% increase in sales of Wild Mint Oil. Specialty Stores and Convenience Stores dealing in the organized sector have observed a 2.8% increase in demand for Wild Mint Oil. The preference for the use of the internet for purchasing daily need products has resulted in an increase of 4.9% in the number of people buying Wild Mint Oil through different online shopping portals.
Global Wild Mint Oil Market
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Specialty Stores and Pharmacies dealing in herbal products account for more than 45% of the total sales of Wild Mint Oil. It is observed that Pharmacies that come under the organized sector have observed a growth of 1.3% in demand for Wild Mint Oil. The preference for Specialty Stores by individuals purchasing Wild Mint Oil for its application in the healthcare sector has resulted in a 2.8% increase in demand for it. Convenience Stores that come under the organized sector and deal in herbal products have observed a 1.5% increase in the sales of Wild Mint Oil.
Supermarkets account for more than 10% of the sales and 15% of the revenue generated by the Wild Mint Oil Market. The presence of a wide range of products and features like doorstep delivery has resulted in a 4.8% increase in the sales of Wild Mint Oil through different E-Commerce portals. Different mediums dealing in herbal products are visited by people for purchasing Wild Mint Oil.
Global Wild Mint Oil Market Regional Insights
Global Wild Mint Oil Market 1
The preference for plant-based cosmetics and medicines has resulted in a 3.6% increase in the consumption of Wild Mint Oil in Europe. Europe is the biggest importer of Wild Mint Oil. The rise in the number of people preferring Aromatherapy has resulted in a 1.3% increase in the consumption of Wild Mint Oil by the Healthcare Sector present in this region.
North America is the biggest consumer of immunity-enhancing medicines made by using Wild Mint Oil. An increase in the consumption of medicines on mental health-related issues has resulted in a 2.1% increase in the consumption of Wild Mint Oil by the Pharmaceutical sector present in this region.
The preference for aromatic products for household use has resulted in a 1.2% increase in the consumption of Wild Mint Oil in the Asia-Pacific. Increasing demand for herbal medicines has resulted in a 1.6% increase in the consumption of Wild Mint Oil by the Herbal products industry present in this region. South America is showing a stagnant growth rate in the range of 1.5-2%, the reason for which is the preference for locally grown products.
The Middle East and Africa’s Market is showing a growth rate of 2.3%. The preference for aromatic products and the role of this region as a trade intermediary between the Asia-Pacific and the western world has projected to increase consumption of Wild Mint Oil at a double-digit growth rate in the coming 10 years.
The objective of the report is to present a comprehensive analysis of the global Wild Mint Oil market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
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The report also helps in understanding the global Wild Mint Oil market dynamics, structure by analyzing the market segments and Project the global Wild Mint Oil market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Wild Mint Oil market make the report investor’s guide.
Global Wild Mint Oil Market Scope: Inquire before buying
Global Wild Mint Oil Market 2
Global Wild Mint Oil Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Global Wild Mint Oil Market Key Players
• UAB Saflora
• North American Herb & Spice
• Aksu Vital Natural Products & Cosmetics
• Aromaaz International
• Hey Gorgeous Skincare
• Ultra International B.V.
• Citromax S.A.C.I.
• Lemongrass House
• Clovertree
• Lotus Garden Botanicals
• Body and Mind Botanicals
• SEVOA Naturals
• From Wild
• Caliskan Tarim
• Jiangxi Global Natural Spice Co., Ltd.
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