Product Code: ETC333804 | Publication Date: Aug 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India mint essential oils market import shipment experienced a declining trend over the period 2020-2024, with a CAGR of -1.9%. The growth rate between 2023 and 2024 saw a sharper decline at -16.6%, indicating a significant slowdown in market expansion.
The India mint essential oil market was valued at USD 8.44 million in 2018 and is expected to register a CAGR of 7.4% during 2025 ? 2025. The major driving factors for this growth are increasing demand from food & beverage industry, pharmaceuticals and aromatherapy sectors along with rising awareness among consumers about its health benefits such as anti-bacterial properties, improved digestion and stress relief. Moreover, easy availability of raw material is also anticipated to bolster the market growth over the forecast period.
The outlook for the mint essential oils market in India is influenced by several driving factors. Firstly, the cosmetics and personal care industries` demand for natural and aromatic ingredients is driving the adoption of mint essential oils in skincare and fragrance products. Secondly, the food and beverage sector`s need for natural flavorings and additives is propelling the use of mint oils. Moreover, the growing awareness of aromatherapy and wellness practices is boosting the demand for mint essential oils. These drivers collectively indicate a favorable landscape for the mint essential oils market in India.
The mint essential oils market in India has applications in aromatherapy, personal care, and food industries. Challenges include fluctuations in essential oil yields due to climatic variations. Ensuring consistent oil quality and addressing concerns over adulteration and purity are ongoing challenges. Additionally, adapting to changing consumer preferences for natural and organic products while maintaining competitive pricing poses challenges.
The mint essential oils market in India serves industries like food and beverages, personal care, and aromatherapy. The pandemic impacted consumer behavior and disrupted supply chains. As economic activities rebound, the demand for mint essential oils is projected to recover. Growing interest in natural products, wellness, and aromatherapy could drive the market`s growth. However, sustainability and responsible sourcing practices are becoming increasingly important in the essential oils sector.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Mint Essential Oils Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Mint Essential Oils Market Revenues & Volume, 2021 & 2031F |
3.3 India Mint Essential Oils Market - Industry Life Cycle |
3.4 India Mint Essential Oils Market - Porter's Five Forces |
3.5 India Mint Essential Oils Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 India Mint Essential Oils Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 India Mint Essential Oils Market Revenues & Volume Share, By Usage, 2021 & 2031F |
4 India Mint Essential Oils Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about the benefits of mint essential oils in aromatherapy and personal care products |
4.2.2 Growing demand for natural and organic products in the beauty and wellness industry in India |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials such as mint leaves which can impact production costs |
4.3.2 Lack of standardized quality control measures in the mint essential oils market in India |
5 India Mint Essential Oils Market Trends |
6 India Mint Essential Oils Market, By Types |
6.1 India Mint Essential Oils Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 India Mint Essential Oils Market Revenues & Volume, By Product, 2021-2031F |
6.1.3 India Mint Essential Oils Market Revenues & Volume, By Cornmint, 2021-2031F |
6.1.4 India Mint Essential Oils Market Revenues & Volume, By Peppermint, 2021-2031F |
6.1.5 India Mint Essential Oils Market Revenues & Volume, By Spearmint, 2021-2031F |
6.1.6 India Mint Essential Oils Market Revenues & Volume, By Dementholized Peppermint, 2021-2031F |
6.2 India Mint Essential Oils Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Mint Essential Oils Market Revenues & Volume, By Medical, 2021-2031F |
6.2.3 India Mint Essential Oils Market Revenues & Volume, By Food & Beverages, 2021-2031F |
6.2.4 India Mint Essential Oils Market Revenues & Volume, By Spa & Relaxation, 2021-2031F |
6.2.5 India Mint Essential Oils Market Revenues & Volume, By Toiletries, 2021-2031F |
6.2.6 India Mint Essential Oils Market Revenues & Volume, By Fragrances, 2021-2031F |
6.2.7 India Mint Essential Oils Market Revenues & Volume, By Cleaning & Home, 2021-2031F |
6.3 India Mint Essential Oils Market, By Usage |
6.3.1 Overview and Analysis |
6.3.2 India Mint Essential Oils Market Revenues & Volume, By Direct Usage, 2021-2031F |
6.3.3 India Mint Essential Oils Market Revenues & Volume, By Indirect Usage, 2021-2031F |
7 India Mint Essential Oils Market Import-Export Trade Statistics |
7.1 India Mint Essential Oils Market Export to Major Countries |
7.2 India Mint Essential Oils Market Imports from Major Countries |
8 India Mint Essential Oils Market Key Performance Indicators |
8.1 Consumer adoption rate of mint essential oils in new product formulations |
8.2 Number of new entrants in the mint essential oils market in India |
8.3 Percentage of mint essential oils used in the personal care and wellness industry compared to synthetic alternatives |
9 India Mint Essential Oils Market - Opportunity Assessment |
9.1 India Mint Essential Oils Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 India Mint Essential Oils Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 India Mint Essential Oils Market Opportunity Assessment, By Usage, 2021 & 2031F |
10 India Mint Essential Oils Market - Competitive Landscape |
10.1 India Mint Essential Oils Market Revenue Share, By Companies, 2024 |
10.2 India Mint Essential Oils Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |