PUNE, INDIA, November 29, 2019 /EINPresswire.com/ —
WiseGuyReports.Com Publish a New Market Research Report On –“ Peppermint Oil Industry Global Key Vendors,Manufacturers,Suppliers and Analysis Market Report 2024”.
The global peppermint oil market is expected to grow at a good rate in the near future. The study analyses the market and predicting the growth in the market based on past trends, motivating and restraining factors influencing the market in various different regions of the world and helps you make better business decisions. Peppermint is an herb which is a natural cross between two different types of mint that is, water mint and spearmint and grows throughout Europe and North America. Peppermint is a prevalent flavouring agent in foods, and its oil is used to create fragrance in cleansers like soaps and cosmetics. Peppermint oil is also used as a dietary supplement for irritable bowel syndrome (IBS), the common cold, other digestive problems, headaches and other conditions.
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Listed key Players
Swati Menthol & Allied Chem
Mentha & Allied Products
Hindustan Mint&Agro Products
Aromatic & Allied Chemicals
Dongtai Venus spice
Anhui Fenghua spice
Jiangxi cedar natural medicinal oil
Natural plant oil from Ji'an sea
The increase in demand for aromatherapy treatments is estimated to boost the growth of the market. The rising customer awareness related to the use of safe, natural and organic products is also expected to drive the elevation of the market. Growing disposable income and awareness of personal care has given rise to the demand for oral care and confectionery products in the rural areas, which is the main motivator for the growth of the global peppermint oil market. The latest outbreak of Zika virus and ailments such as dengue and malaria has elevated the demand for natural mosquito repellents and the utilization of peppermint oil in these repellent which is also estimated to cause a rise in the market. However, the increase in cost and decline in the manufacturing of peppermint oil is anticipated to hinder the growth of global peppermint oil market in the coming years.
The peppermint oil market is segmented by applications and region. The peppermint oil market is segmented by applications as oral products, confectionary products, pharmaceutical products, tobacco products and fragrance products. The oral products are further segmented into toothpaste, oral spray and mouthwash. The confectionary products are also fragmented further into chewing gum, cough and throat lozenges and candies. The pharmaceutical products are further segmented into rubbing alcohol, analgesic balms, medicated oils and drugs. The tobacco products are segmented as cigarettes and chewing tobacco. Furthermore, fragrance products are also sub-classified into aftershave lotions, shampoo, soap and bathing oil.
Regionally, the global peppermint oil market is segmented as North America, Europe, Southeast Asia, China, Japan and India. Currently, regions of North America and Europe are the leading market players in the peppermint oil market owing to increased disposable income, rising demand for aromatherapy treatments and rise in demand for organic products. However, the trend is about to change in the future with Asia Pacific emerging as a key region for the market. The positive factors attributed to the rise of Asian markets is its large population size, improved economic conditions and increase in the awareness for organic products.
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Table of Contents – Major key Points
Section 1 Peppermint Oil Product Definition
Section 2 Global Peppermint Oil Market Manufacturer Share and Market Overview
Section 3 Manufacturer Peppermint Oil Business Introduction
Section 4 Global Peppermint Oil Market Segmentation (Region Level)
Section 5 Global Peppermint Oil Market Segmentation (Product Type Level)
Section 6 Global Peppermint Oil Market Segmentation (Industry Level)
Section 7 Global Peppermint Oil Market Segmentation (Channel Level)
Section 8 Peppermint Oil Market Forecast 2019-2024
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Source: EIN Presswire