The Global Peppermint Oil Market is expected to register a healthy CAGR of 5.2% from 2018 through 2027, according to a report by Persistence Market Research.
The report, "Global Market Study on Peppermint Oil: Increasing Application in Personal and Home Care Products Spurring Revenue Growth," gives key insights on the global market.
Factors driving growth include an increase in the demand for natural and organic additives in food and beverages as well as cosmetics products, increasing health concerns, and stature of aromatherapy. Peppermint oil also serves as a natural preservative, owing to its anti-bacterial activity.
The use of peppermint oil is expected increase robustly in aromatherapy. Aromatherapy is the use of aromas from substances such as natural essential oil for relaxation and rejuvenation, as well as for treating minor health issues. Peppermint oil is known to reduce anxiety and restlessness, as well as boost memory and improve alertness.
Peppermint oil is also used as a painkiller as well to comfort stress and relax the nervous system, and hence, is preferred by consumers in aromatherapy. The demand for peppermint oil is increasing as a convenient, harmless, and natural alternative to synthetic chemicals that are used in perfumers, massages, showers, etc.