|Product Code: ETC337884||Publication Date: Aug 2023||Product Type: Market Research Report|
|Publisher: 6Wresearch||No. of Pages: 75||No. of Figures: 35||No. of Tables: 20|
India Peppermint Oil Market registered a decline of -29.07% in value shipments in 2022 as compared to 2021 and an increase of 10.17% CAGR in 2022 over a period of 2017. In Peppermint Oil Market India is becoming less competitive as HHI index in 2022 was 9362 while in 2017 it was 8771. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on domestic production to meet its growing demand in Peppermint Oil Market.
India is unable to meet its increasing needs of this product with domestic production hence we see the trend is shifting towards import shipment to meet its demand The import factor of Peppermint Oil Market in 2022 was 0.08 while in 2017 it was 0.06. USA, Germany, United Kingdom, Switzerland and Malaysia were among the top players of the market in 2022, where USA acquired the largest market share of 96.75% with a shipment value of 4.91 million USD in 2022 USA also offered the product below the average market price thus having a competitive advantage over others In 2017 USA had the largest market share of 93.58% with the shipment value of 3.75 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although USA offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the India Peppermint Oil Market in 2017.
The peppermint oil market in India exhibits potential due to its applications in pharmaceuticals, cosmetics, and food products. Peppermint oil is valued for its aromatic and therapeutic properties. Challenges include addressing the need for quality control and ensuring the sustainability of peppermint cultivation. Manufacturers must emphasize product purity, traceability, and sustainable sourcing practices to meet the demands of health-conscious consumers and diverse industries.
The India peppermint oil market`s growth is influenced by several drivers. The pharmaceutical and personal care industries are key contributors, using peppermint oil for its therapeutic and aromatic properties in medications, cosmetics, and toiletries. The increasing consumer preference for natural and herbal products drives the demand for peppermint oil. Additionally, the food and beverage industry uses peppermint oil as a flavoring agent. As consumers prioritize natural remedies and wellness products, the demand for peppermint oil is anticipated to rise.
The India peppermint oil market outlook, driven by its applications in pharmaceuticals, food, and cosmetics, faces certain challenges. Weather fluctuations and crop diseases can impact the peppermint yield, affecting the overall supply. Maintaining the purity and quality of the oil during extraction and processing is also challenging. Furthermore, ensuring sustainable farming practices and fair labor conditions in the mint farming sector is important. Manufacturers need to address these challenges by investing in quality control processes, supporting sustainable agriculture, and exploring alternative sources of mint oil.
The India peppermint oil market has expanded with applications in food, beverages, pharmaceuticals, and cosmetics. The market outlook is positive due to the diverse utility of peppermint oil. The COVID-19 pandemic initially disrupted supply chains and led to shifts in consumer preferences, impacting the market. As economic activities recover, demand for peppermint oil is expected to rebound, driven by various end-use industries.
The peppermint oil market in India is poised for growth due to its applications in food, pharmaceuticals, cosmetics, and aromatherapy. Key players such as AOS Products Pvt. Ltd., Paras Perfumers, and Shiv Sales Corporation are anticipated to shape the market by producing high-quality peppermint oil for diverse industries and end uses.
1 Executive Summary
2.1 Key Highlights of the Report
2.2 Report Description
2.3 Market Scope & Segmentation
2.4 Research Methodology
3 India Peppermint Oil Market Overview
3.1 India Country Macro Economic Indicators
3.2 India Peppermint Oil Market Revenues & Volume, 2021 & 2028F
3.3 India Peppermint Oil Market - Industry Life Cycle
3.4 India Peppermint Oil Market - Porter's Five Forces
3.5 India Peppermint Oil Market Revenues & Volume Share, By Application, 2021 & 2028F
4 India Peppermint Oil Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5 India Peppermint Oil Market Trends
6 India Peppermint Oil Market, By Types
6.1 India Peppermint Oil Market, By Application
6.1.1 Overview and Analysis
6.1.2 India Peppermint Oil Market Revenues & Volume, By Application, 2018 - 2028F
6.1.3 India Peppermint Oil Market Revenues & Volume, By Oral Spray, 2018 - 2028F
6.1.4 India Peppermint Oil Market Revenues & Volume, By Oral Product, 2018 - 2028F
6.1.5 India Peppermint Oil Market Revenues & Volume, By Chewing Gum, 2018 - 2028F
6.1.6 India Peppermint Oil Market Revenues & Volume, By Confectionery Products, 2018 - 2028F
6.1.7 India Peppermint Oil Market Revenues & Volume, By Rubbing Alcohol, 2018 - 2028F
6.1.8 India Peppermint Oil Market Revenues & Volume, By Fragrance Product, 2018 - 2028F
7 India Peppermint Oil Market Import-Export Trade Statistics
7.1 India Peppermint Oil Market Export to Major Countries
7.2 India Peppermint Oil Market Imports from Major Countries
8 India Peppermint Oil Market Key Performance Indicators
9 India Peppermint Oil Market - Opportunity Assessment
9.1 India Peppermint Oil Market Opportunity Assessment, By Application, 2021 & 2028F
10 India Peppermint Oil Market - Competitive Landscape
10.1 India Peppermint Oil Market Revenue Share, By Companies, 2021
10.2 India Peppermint Oil Market Competitive Benchmarking, By Operating and Technical Parameters
11 Company Profiles