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PUBLISHER: Grand View Research | PRODUCT CODE: 1588713

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PUBLISHER: Grand View Research | PRODUCT CODE: 1588713

Mint Market Size, Share & Trends Analysis Report By Product (Spearmint, Peppermint, Wintergreen), By Application, By Region, And Segment Forecasts, 2024 - 2030

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Description

Table of Contents

List of Tables

Mint Market Size & Trends:

The global mint market was estimated at USD 3.72 billion in 2023 and is expected to grow at a CAGR of 6.9% from 2024 to 2030. The growth of the market, particularly for peppermint oil, is driven by several key factors that reflect changing consumer preferences and industry trends. One of the primary drivers is the increasing demand for natural and organic products across various sectors, including food, cosmetics, and pharmaceuticals. As consumers become more health-conscious, there is a noticeable shift away from synthetic ingredients towards plant-based alternatives, which enhances the appeal of peppermint oil due to its natural flavor and therapeutic properties. Additionally, the rising popularity of aromatherapy has significantly contributed to the market's expansion, as peppermint oil is favored for its refreshing aroma and potential health benefits, such as stress relief and improved digestion.

Another important factor propelling market growth is the growing application of peppermint oil in personal care products. Its long shelf life and stability under various conditions make it an ideal ingredient for skin care formulations like moisturizers and anti-acne products. Furthermore, the increasing disposable income and standard of living in many regions have led to higher spending on premium personal care items, further driving demand for peppermint oil. The food and beverage industry also plays a crucial role, with peppermint being widely used as a flavoring agent in candies, gums, and beverages.

Moreover, advancements in extraction technologies and increased investment in research and development are enabling manufacturers to enhance product quality and develop innovative applications for peppermint oil. The rise of e-commerce platforms, a key player in the market, has significantly facilitated easier access to these products for consumers worldwide. However, challenges such as limited raw material supply and stringent quality standards may impact growth; nonetheless, government support for natural ingredient adoption is expected to create lucrative opportunities for market players. The mint market is poised for significant growth as it aligns with contemporary consumer trends favoring health, wellness, and sustainability.

Additionally, the growing popularity of health-oriented products has fueled demand for mint-flavored items perceived as having digestive benefits. Peppermint is often associated with alleviating symptoms of indigestion and nausea, making it a sought-after ingredient in functional foods and beverages. The F&B sector's shift towards healthier options, including sugar-free and low-calorie products, has further propelled the growth of mint consumption. Manufacturers are responding to this trend by developing innovative mint-based products that cater to health-conscious consumers.

The mint market faces several restraints that could hinder its growth and expansion in the coming years. One significant challenge is the increasing consumer concerns regarding sugar content, artificial sweeteners, and food colors in mint products. As health consciousness rises, consumers are becoming more discerning about the ingredients in their food, leading to a demand for cleaner labels and healthier options. This shift requires manufacturers to reformulate products to meet these expectations, which can be costly and complex.

Additionally, the potential health risks associated with excessive mint consumption, such as digestive issues or allergic reactions, may deter some consumers from using mint products regularly. This perception can limit market growth as consumers weigh the benefits against potential side effects. Overall, while the mint market has significant growth potential driven by health trends and product innovation, industry players must navigate these restraints carefully to sustain momentum.

Global Mint Market Report Segmentation

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global mint market report based on product, application, and region:

  • Product Outlook (Revenue, USD Billion, 2018 - 2030)
  • Spearmint
  • Peppermint
  • Wintergreen
  • Others
  • Application Outlook (Revenue, USD Billion, 2018 - 2030)
  • Food & Beverage
  • Pharmaceuticals
  • Personal Care & Cosmetics
  • Others
  • Regional Outlook (Revenue, USD Billion, 2018 - 2030)
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia & New Zealand
    • South Korea
  • Central & South America
    • Brazil
  • Middle East & Africa
    • South Africa
Show more
Product Code: GVR-4-68040-483-5

Table of Contents

Chapter 1. Methodology and Scope

  • 1.1. Market Segmentation & Scope
  • 1.2. Market Definition
  • 1.3. Information Procurement
    • 1.3.1. Purchased Database
    • 1.3.2. GVR's Internal Database
    • 1.3.3. Secondary Sources & Third-Party Perspectives
    • 1.3.4. Primary Research
  • 1.4. Information Analysis
    • 1.4.1. Data Analysis Models
  • 1.5. Market Formulation & Data Visualization
  • 1.6. Data Validation & Publishing

Chapter 2. Executive Summary

  • 2.1. Market Outlook
  • 2.2. Product Outlook
  • 2.3. Packaging Outlook
  • 2.4. Competitive Landscape Outlook

Chapter 3. Mint Market Variables, Trends & Scope

  • 3.1. Market Lineage Outlook
  • 3.2. Penetration & Growth Prospect Mapping
  • 3.3. Industry Value Chain Analysis
    • 3.3.1. Raw Material Outlooks
    • 3.3.2. Manufacturing and Technology Trends
    • 3.3.3. Sales/ Dairy Alternative Channel Analysis
    • 3.3.4. Profit Margin Analysis
  • 3.4. Market Dynamics
    • 3.4.1. Market Driver Analysis
    • 3.4.2. Market Restraint Analysis
    • 3.4.3. Market Opportunities
    • 3.4.4. Market Challenges
  • 3.5. Industry Analysis - Porter's Five Forces Analysis
  • 3.6. Market Entry Strategies

Chapter 4. Mint Market: Product Estimates & Trend Analysis

  • 4.1. Mint Market, by Product: Key Takeaways
  • 4.2. Product Movement Analysis & Market Share, 2023 & 2030
  • 4.3. Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Billion)
    • 4.3.1. Spearmint
      • 4.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
    • 4.3.2. Peppermint
      • 4.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
    • 4.3.3. Wintergreen
      • 4.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
    • 4.3.4. Others
      • 4.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)

Chapter 5. Mint Market: Application Estimates & Trend Analysis

  • 5.1. Mint Market, by Application: Key Takeaways
  • 5.2. Application Movement Analysis & Market Share, 2023 & 2030
  • 5.3. Market Estimates & Forecasts, by Application, 2018 - 2030 (USD Billion)
    • 5.3.1. Food & Beverage
      • 5.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
    • 5.3.2. Pharmaceuticals
      • 5.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
    • 5.3.3. Personal Care & Cosmetics
      • 5.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
    • 5.3.4. Others
      • 5.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)

Chapter 6. Mint Market: Regional Estimates & Trend Analysis

  • 6.1. Mint Market: Regional Outlook
  • 6.2. Regional Movement Analysis & Market Share, 2023 & 2030
  • 6.3. Market Estimates & Forecasts, by Region & Country, 2018 - 2030 (USD Billion)
    • 6.3.1. North America
      • 6.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
      • 6.3.1.2. U.S.
        • 6.3.1.2.1. Key country dynamics
        • 6.3.1.2.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
      • 6.3.1.3. Canada
        • 6.3.1.3.1. Key country dynamics
        • 6.3.1.3.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
      • 6.3.1.4. Mexico
        • 6.3.1.4.1. Key country dynamics
        • 6.3.1.4.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
    • 6.3.2. Europe
      • 6.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
      • 6.3.2.2. Germany
        • 6.3.2.2.1. Key country dynamics
        • 6.3.2.2.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
      • 6.3.2.3. UK
        • 6.3.2.3.1. Key country dynamics
        • 6.3.2.3.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
      • 6.3.2.4. France
        • 6.3.2.4.1. Key country dynamics
        • 6.3.2.4.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
      • 6.3.2.5. Italy
        • 6.3.2.5.1. Key country dynamics
        • 6.3.2.5.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
      • 6.3.2.6. Spain
        • 6.3.2.6.1. Key country dynamics
        • 6.3.2.6.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
    • 6.3.3. Asia Pacific
      • 6.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
      • 6.3.3.2. China
        • 6.3.3.2.1. Key country dynamics
        • 6.3.3.2.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
      • 6.3.3.3. Japan
        • 6.3.3.3.1. Key country dynamics
        • 6.3.3.3.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
      • 6.3.3.4. India
        • 6.3.3.4.1. Key country dynamics
        • 6.3.3.4.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
      • 6.3.3.5. Australia & New Zealand
        • 6.3.3.5.1. Key country dynamics
        • 6.3.3.5.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
      • 6.3.3.6. South Korea
        • 6.3.3.6.1. Key country dynamics
        • 6.3.3.6.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
    • 6.3.4. Central & South America
      • 6.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
      • 6.3.4.2. Brazil
        • 6.3.4.2.1. Key country dynamics
        • 6.3.4.2.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
    • 6.3.5. Middle East & Africa
      • 6.3.5.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
      • 6.3.5.2. South Africa
        • 6.3.5.2.1. Key country dynamics

Chapter 7. Competitive Analysis

  • 7.1. Recent Developments & Impact Analysis, by Key Market Participants
  • 7.2. Company Categorization
  • 7.3. Participant's Overview
  • 7.4. Financial Performance
  • 7.5. Product Benchmarking
  • 7.6. Company Market Share Analysis, 2023 (%)
  • 7.7. Company Heat Map Analysis
  • 7.8. Strategy Mapping
  • 7.9. Company Profiles
    • 7.9.1. International Flavors & Fragrances, Inc.
    • 7.9.2. Young Living Essential Oils
    • 7.9.3. doTerra
    • 7.9.4. Aksu Vital Natural Products and Cosmetics
    • 7.9.5. Aromaaz International
    • 7.9.6. Greenleaf Extractions Pvt. Ltd.
    • 7.9.7. Lebermuth, Inc.
    • 7.9.8. Melaleuca Inc.
    • 7.9.9. Mountain Rose Herbs
    • 7.9.10. NOW Foods
    • 7.9.11. Plant Therapy Essential Oils
    • 7.9.12. Kelvin Natural Mint Pvt. Ltd.
    • 7.9.13. Rahr Corporation
    • 7.9.14. Indesso
    • 7.9.15. Lipoid Kosmetic AG
    • 7.9.16. Berje, Inc.
    • 7.9.17. DSM
    • 7.9.18. Hindustan Mint & Agro Products
    • 7.9.19. Foodchem International Corporation
    • 7.9.20. Vinayak Ingredients (India) Private Limited
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Product Code: GVR-4-68040-483-5

List of Tables

  • Table 1. Mint market - Key market driver analysis
  • Table 2. Mint market - Key market restraint analysis
  • Table 3. Mint market estimates & forecast, by product (USD Billion)
  • Table 4. Mint market estimates & forecast, by application (USD Billion)
  • Table 5. North America Mint market estimates and forecast, 2018 - 2030 (USD Billion)
  • Table 6. North America Mint market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
  • Table 7. North America Mint market revenue estimates and forecast by application, 2018 - 2030 (USD Billion)
  • Table 8. U.S. macro-economic outlay
  • Table 9. U.S. Mint market estimates and forecast, 2018 - 2030 (USD Billion)
  • Table 10. U.S. Mint market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
  • Table 11. U.S. Mint market revenue estimates and forecast by application, 2018 - 2030 (USD Billion)
  • Table 12. Canada macro-economic outlay
  • Table 13. Canada Mint market estimates and forecast, 2018 - 2030 (USD Billion)
  • Table 14. Canada Mint market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
  • Table 15. Canada Mint market revenue estimates and forecast by application, 2018 - 2030 (USD Billion)
  • Table 16. Mexico macro-economic outlay
  • Table 17. Mexico Mint market estimates and forecast, 2018 - 2030 (USD Billion)
  • Table 18. Mexico Mint market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
  • Table 19. Mexico Mint market revenue estimates and forecast by application, 2018 - 2030 (USD Billion)
  • Table 20. Europe Mint market estimates and forecast, 2018 - 2030 (USD Billion)
  • Table 21. Europe Mint market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
  • Table 22. Europe Mint market revenue estimates and forecast by application, 2018 - 2030 (USD Billion)
  • Table 23. Germany macro-economic outlay
  • Table 24. Germany Mint market estimates and forecast, 2018 - 2030 (USD Billion)
  • Table 25. Germany Mint market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
  • Table 26. Germany Mint market revenue estimates and forecast by application, 2018 - 2030 (USD Billion)
  • Table 27. UK macro-economic outlay
  • Table 28. UK Mint market estimates and forecast, 2018 - 2030 (USD Billion)
  • Table 29. UK Mint market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
  • Table 30. UK Mint market revenue estimates and forecast by application, 2018 - 2030 (USD Billion)
  • Table 31. France macro-economic outlay
  • Table 32. France Mint market estimates and forecast, 2018 - 2030 (USD Billion)
  • Table 33. France Mint market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
  • Table 34. France Mint market revenue estimates and forecast by application, 2018 - 2030 (USD Billion)
  • Table 35. Italy macro-economic outlay
  • Table 36. Italy Mint market estimates and forecast, 2018 - 2030 (USD Billion)
  • Table 37. Italy Mint market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
  • Table 38. Italy Mint market revenue estimates and forecast by application, 2018 - 2030 (USD Billion)
  • Table 39. Spain macro-economic outlay
  • Table 40. Spain Mint market estimates and forecast, 2018 - 2030 (USD Billion)
  • Table 41. Spain Mint market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
  • Table 42. Spain Mint market revenue estimates and forecast by application, 2018 - 2030 (USD Billion)
  • Table 43. Asia Pacific Mint market estimates and forecast, 2018 - 2030 (USD Billion)
  • Table 44. Asia Pacific Mint market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
  • Table 45. Asia Pacific Mint market revenue estimates and forecast by application, 2018 - 2030 (USD Billion)
  • Table 46. China macro-economic outlay
  • Table 47. China Mint market estimates and forecast, 2018 - 2030 (USD Billion)
  • Table 48. China Mint market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
  • Table 49. China Mint market revenue estimates and forecast by application, 2018 - 2030 (USD Billion)
  • Table 50. Japan macro-economic outlay
  • Table 51. Japan Mint market estimates and forecast, 2018 - 2030 (USD Billion)
  • Table 52. Japan Mint market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
  • Table 53. Japan Mint market revenue estimates and forecast by application, 2018 - 2030 (USD Billion)
  • Table 54. India macro-economic outlay
  • Table 55. India Mint market estimates and forecast, 2018 - 2030 (USD Billion)
  • Table 56. India Mint market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
  • Table 57. India Mint market revenue estimates and forecast by application, 2018 - 2030 (USD Billion)
  • Table 58. Australia macro-economic outlay
  • Table 59. New Zealand macro-economic outlay
  • Table 60. Australia & New Zealand Mint market estimates and forecast, 2018 - 2030 (USD Billion)
  • Table 61. Australia & New Zealand Mint market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
  • Table 62. Australia & New Zealand Mint market revenue estimates and forecast by application, 2018 - 2030 (USD Billion)
  • Table 63. South Korea macro-economic outlay
  • Table 64. South Korea Mint market estimates and forecast, 2018 - 2030 (USD Billion)
  • Table 65. South Korea Mint market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
  • Table 66. South Korea Mint market revenue estimates and forecast by application, 2018 - 2030 (USD Billion)
  • Table 67. Central & South America Mint market estimates and forecast, 2018 - 2030 (USD Billion)
  • Table 68. Central & South America Mint market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
  • Table 69. Central & South America Mint market revenue estimates and forecast by application, 2018 - 2030 (USD Billion)
  • Table 70. Brazil macro-economic outlay
  • Table 71. Brazil Mint market estimates and forecast, 2018 - 2030 (USD Billion)
  • Table 72. Brazil Mint market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
  • Table 73. Brazil Mint market revenue estimates and forecast by application, 2018 - 2030 (USD Billion)
  • Table 74. Middle East & Africa Mint market estimates and forecast, 2018 - 2030 (USD Billion)
  • Table 75. Middle East & Africa Mint market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
  • Table 76. Middle East & Africa Mint market revenue estimates and forecast by application, 2018 - 2030 (USD Billion)
  • Table 77. South Africa macro-economic outlay
  • Table 78. South Africa Mint market estimates and forecast, 2018 - 2030 (USD Billion)
  • Table 79. South Africa Mint market revenue estimates and forecast by product, 2018 - 2030 (USD Billion)
  • Table 80. South Africa Mint market revenue estimates and forecast by application, 2018 - 2030 (USD Billion)
  • Table 81. Recent developments & impact analysis, by key market participants
  • Table 82. Company market share, 2023
  • Table 83. Company heat map analysis
  • Table 84. Companies undergoing key strategies

List of Figures

  • Figure 1. Mint market segmentation
  • Figure 2. Information procurement
  • Figure 3. Primary research pattern
  • Figure 4. Primary research approaches
  • Figure 5. Primary research process
  • Figure 6. Market snapshot
  • Figure 7. Product snapshot
  • Figure 8. End-use snapshot
  • Figure 9. Regional snapshot
  • Figure 10. Competitive landscape snapshot
  • Figure 11. Mint market size, 2018 to 2030 (USD Billion)
  • Figure 12. Mint market: Penetration & growth prospect mapping
  • Figure 13. Mint market: Value chain analysis
  • Figure 14. Mint market: Profit margin analysis
  • Figure 15. Mint market: Market dynamics
  • Figure 16. Mint market: Porter's five forces analysis
  • Figure 17. Mint market, by product: Key Takeaways
  • Figure 18. Mint market: Product movement analysis, 2023 & 2030 (%)
  • Figure 19. Spearmint market estimates and forecast, 2018 - 2030 (USD Billion)
  • Figure 20. Peppermint market estimates and forecast, 2018 - 2030 (USD Billion)
  • Figure 21. Wintergreen market estimates and forecast, 2018 - 2030 (USD Billion)
  • Figure 22. Others market estimates and forecast, 2018 - 2030 (USD Billion)
  • Figure 23. Mint market, by application: Key Takeaways
  • Figure 24. Mint market: End-use movement analysis, 2023 & 2030 (%)
  • Figure 25. Mint market: Regional outlook, 2023 & 2030, (USD Billion)
  • Figure 26. Regional marketplace: Key takeaways
  • Figure 27. North America Mint market estimates and forecast, 2018 - 2030 (USD Billion)
  • Figure 28. U.S. Mint market estimates and forecast, 2018 - 2030 (USD Billion)
  • Figure 29. Canada Mint market estimates and forecast, 2018 - 2030 (USD Billion)
  • Figure 30. Mexico Mint market estimates and forecast, 2018 - 2030 (USD Billion)
  • Figure 31. Europe Mint market estimates and forecast, 2018 - 2030 (USD Billion)
  • Figure 32. UK Mint market estimates and forecast, 2018 - 2030 (USD Billion)
  • Figure 33. Germany Mint market estimates and forecast, 2018 - 2030 (USD Billion)
  • Figure 34. France Mint market estimates and forecast, 2018 - 2030 (USD Billion)
  • Figure 35. Italy Mint market estimates and forecast, 2018 - 2030 (USD Billion)
  • Figure 36. Spain Mint market estimates and forecast, 2018 - 2030 (USD Billion)
  • Figure 37. Asia Pacific Mint market estimates and forecast, 2018 - 2030 (USD Billion)
  • Figure 38. China Mint market estimates and forecast, 2018 - 2030 (USD Billion)
  • Figure 39. Japan Mint market estimates and forecast, 2018 - 2030 (USD Billion)
  • Figure 40. India Mint market estimates and forecast, 2018 - 2030 (USD Billion)
  • Figure 41. Australia & New Zealand Mint market estimates and forecast, 2018 - 2030 (USD Billion)
  • Figure 42. South Korea Mint market estimates and forecast, 2018 - 2030 (USD Billion)
  • Figure 43. Central & South America Mint market estimates and forecast, 2018 - 2030 (USD Billion)
  • Figure 44. Brazil Mint market estimates and forecast, 2018 - 2030 (USD Billion)
  • Figure 45. Middle East & Africa Mint market estimates and forecast, 2018 - 2030 (USD Billion)
  • Figure 46. South Africa Mint market estimates and forecast, 2018 - 2030 (USD Billion)
  • Figure 47. Key company categorization
  • Figure 48. Company market share analysis, 2023
  • Figure 49. Strategic framework of Mint market
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