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Spearmint Oil Market Size - By Source, By Form, By Application, By Distribution Channel and Forecast, 2025 - 2034

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Spearmint Oil Market Size

The global spearmint oil market held a size of USD 503.5 million in 2024 and is projected to expand to over 4.8% CAGR from 2025 to 2034.
 

Spearmint Oil Market

Spearmint oil is an essential oil extracted from the spearmint plant, characterized by its fresh, minty aroma. According to the United States Department of Agriculture (USDA), the total production of spearmint oil in the United States reached 2.9 million pounds in 2021, with Washington state accounting for approximately 75% of the total production. The European Commission reported that the EU imported 1,250 metric tons of mint oils (including spearmint) in 2021, indicating strong market demand.
 

The oil finds extensive applications across multiple industries, including food and beverage as a flavoring agent, personal care products in toothpaste and mouthwash formulations, and pharmaceutical and cosmetic applications due to its antimicrobial and therapeutic properties. The FDA's 2021 Generally Recognized as Safe (GRAS) substances database lists spearmint oil as a safe ingredient, contributing to its widespread use in consumer products. The market growth is primarily driven by increasing demand for natural ingredients, growing consumer preference for plant-based products, and expanding applications in wellness and herbal remedies.
 

Spearmint Oil Market Trends

The spearmint oil industry is growing due to increasing consumer demand for natural and organic products across food, beverages, cosmetics, and personal care industries. According to the U.S. Department of Agriculture (USDA), organic essential oil production, including spearmint oil, increased by 12% in 2021 compared to the previous year.
 

 The European Commission reported that the EU's natural cosmetics market, where spearmint oil is a key ingredient, reached EUR 5.2 billion in 2021. The U.S. Food and Drug Administration (FDA) data showed that pharmaceutical applications using natural antimicrobial compounds, including spearmint oil, grew by 8.3% in 2021. The National Center for Complementary and Integrative Health (NCCIH) reported a 15% increase in aromatherapy usage among U.S. adults in 2021, with spearmint oil being one of the preferred essential oils. Additionally, the United Nations Comtrade database recorded global spearmint oil trade value at USD 342 million in 2021, reflecting the growing international demand for sustainable and organic certified products.
 

Spearmint Oil Market Analysis

The spearmint oil industry is expanding due to rising demand across multiple industries, including food & beverages, personal care, and pharmaceuticals. Increasing consumer preference for natural and organic products has bolstered the use of spearmint oil as a flavoring agent and therapeutic ingredient. The growing popularity of aromatherapy and wellness trends also contributes to market growth. Key regions like North America and Europe are witnessing steady demand, while emerging markets in Asia-Pacific present new growth opportunities. However, challenges such as fluctuating raw material prices and the need for sustainable cultivation practices may impact market dynamics. Overall, the market shows strong growth potential.

 

Spearmint Oil Market Size, By Source, 2021 - 2034 (USD Million)

The natural segment held over USD 305.7 million in 2024, growing at a CAGR of over 2.1% during the forecast period. The natural segment in the spearmint oil market holds significant scope due to increasing consumer demand for chemical-free and plant-based products. As consumers prioritize health and wellness, naturally derived spearmint oil is being widely adopted in the food and beverage industry for flavoring, in personal care for oral hygiene products, and in aromatherapy for its therapeutic properties. The natural segment is also benefiting from the growing trend toward organic certification and sustainability. With the rise of clean-label products and greater awareness of the benefits of essential oils, the natural spearmint oil segment is expected to see robust growth across various industries.
 

Spearmint Oil Market Revenue Share, By Form, (2024)

The concentrates segment held over USD 235.3 million in 2024, growing at a CAGR of over 5.9% during the forecast period. The concentrates segment in the spearmint oil market holds significant potential due to its versatile applications across various industries. Concentrated spearmint oil is widely used in flavoring foods, beverages, and confectionery, offering a strong, long-lasting minty flavor. It is also prevalent in personal care products, such as toothpaste, mouthwash, and cosmetics, due to its concentrated form providing potent aromatic and antimicrobial benefits. In aromatherapy and wellness products, concentrated spearmint oil is valued for its therapeutic properties. The increasing demand for natural, plant-based concentrates, coupled with the growth of organic and clean-label trends, further drives the segment’s market expansion.
 

The packaging industry segment from food and beverages market was valued at USD 153.8 million in 2024 and garner a 6.6% CAGR through 2025-2034. The food and beverages segment holds significant potential for spearmint oil due to its widespread use as a natural flavoring agent. Spearmint oil is commonly found in chewing gum, confectionery, beverages, and oral care products like toothpaste and mouthwash, where its refreshing taste and aroma are highly valued. As consumers increasingly seek natural and clean-label ingredients, the demand for spearmint oil in this segment is expected to grow. Additionally, the rising interest in functional foods and beverages, which emphasize natural health benefits, presents further opportunities for spearmint oil, known for its digestive and antimicrobial properties, to expand its presence in this market.
 

The packaging industry segment from B2B distribution channel was valued at USD 329.9 million in 2024 and garner a 5.7% CAGR through 2025-2034. The B2B distribution channel for spearmint oil has significant scope, as businesses in various industries, such as food & beverages, cosmetics, pharmaceuticals, and aromatherapy, rely on bulk sourcing of high-quality essential oils. Manufacturers, wholesalers, and suppliers in the B2B space play a crucial role in meeting the growing demand for spearmint oil as a natural flavoring and therapeutic ingredient. This channel enables large-scale procurement, ensuring consistent supply for businesses that use spearmint oil in their products. With the increasing focus on organic and sustainably sourced ingredients, B2B distribution offers opportunities for businesses to tap into diverse markets and expand their product portfolios.
 

U.S. Spearmint Oil Market Size, 2021- 2034 (USD Million)

The U.S. spearmint oil market size dominated with a market size of USD 50.4 million in 2024 and expected to grow at a 5.9% CAGR in 2025-2034. The U.S. market is growing steadily, driven by rising demand in the food, beverage, and personal care sectors. As consumers increasingly prefer natural and organic products, spearmint oil is being widely used as a flavoring agent and in oral care products like toothpaste and mouthwash. The wellness and aromatherapy industries are also contributing to market expansion, given spearmint oil’s therapeutic properties. The U.S. is a key player in spearmint oil production, with a focus on sustainable farming practices. However, the market faces challenges from fluctuating raw material prices and increasing competition from synthetic alternatives.
 

Spearmint Oil Market Share

Spearmint Oil Market Company Share, (2024)

Companies in the spearmint oil industry are adopting several strategies to stay competitive. Key players focus on sustainable sourcing and organic certification to meet the rising consumer demand for eco-friendly and natural products. Innovation in product formulations, such as combining spearmint oil with other essential oils for enhanced benefits, is a common approach. Strategic partnerships with distributors and manufacturers help expand market reach, particularly in emerging markets. Additionally, companies are investing in marketing and branding efforts, highlighting the therapeutic and wellness benefits of spearmint oil to attract health-conscious consumers. Maintaining consistent quality and managing raw material costs are also critical strategies.
 

Spearmint Oil Market Companies

Major players operating in the spearmint oil industry are:

  • AOS Products Pvt. Ltd.
  • Avi Naturals
  • Berje Inc.
  • Biolandes
  • doTERRA International
  • Green Fields Oil Factory
  • IL Health & Beauty Natural Oils Co., Inc.
  • Lionel Hitchen (Essential Oils) Ltd.
  • Mountain Rose Herbs
  • NOW Foods
  • Plant Therapy Essential Oils
  • Shaanxi Guanjie Technology Co., Ltd.
  • Synthite Industries Ltd.
  • Ultra International B.V.
  • Young Living Essential Oils
     

Spearmint Oil Industry News

  • In February 2023, Oreo, a Mondelz International-owned brand known for its biscuits, announced the launch of a new mintflavored ice cream. The product has a mint ice cream base with pieces of actual Oreo cookies mixed in it.
     

This spearmint oil market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) & volume (Kilo Tons) from 2021 to 2034, for the following segments:

Market, By Source

  • Natural
  • Organic

Market, By Form

  • Absolute
  • Concentrates
  • Blends

Market, By Application

  • Food and beverages
  • Therapeutics
  • Aromatherapy
  • Cosmetics
  • Toiletries
  • Fragrances
  • Others

Market, By Distribution Channel

  • B2B
  • B2C
    • Supermarkets/hypermarkets
    • Convenience stores
    • Specialty stores
    • Online retail
    • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia 
  • Latin America
    • Brazil
    • Mexico 
  • MEA
    • UAE
    • Saudi Arabia
    • South Africa

 

Authors: Kiran Pulidindi, Kunal Ahuja
Frequently Asked Question(FAQ) :
Who are the major players in the spearmint oil industry?
Major players in the industry include AOS Products Pvt. Ltd., Avi Naturals, Berje Inc., Biolandes, doTERRA International, Green Fields Oil Factory, IL Health & Beauty Natural Oils Co., Inc., Lionel Hitchen (Essential Oils) Ltd., Mountain Rose Herbs, NOW Foods, Plant Therapy Essential Oils, Shaanxi Guanjie Technology Co., Ltd., Synthite Industries Ltd., Ultra International B.V., and Young Living Essential Oils.
How much is the U.S. spearmint oil market worth?
What is the market share of the natural segment in the spearmint oil industry?
How big is the spearmint oil market?
Spearmint Oil Market Scope
  • Spearmint Oil Market Size
  • Spearmint Oil Market Trends
  • Spearmint Oil Market Analysis
  • Spearmint Oil Market Share
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    Premium Report Details

    Base Year: 2024

    Companies covered: 15

    Tables & Figures: 165

    Countries covered: 18

    Pages: 235

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