Mint Extract Market: Introduction:
Mint extract is obtained from the leaves of Mentha plant. Mint extract is used as flavoring and nutraceutical agent since Grecian times. Mint extract has a soothing aroma and taste. The mint extract is also us as a nutraceutical to treat digestive disorders, nausea, respiratory problems and to increase alertness. The prolonged use of the mint extract has made it a widely used herbal extract. This produces a high opportunity to capitalize by the manufacturers, as mint extract added products have a global demand. Alternative and herbal medicine market is on a rise and hence, the players of the mint extract market are anticipated to be rewarded because of it.
Mint Extract Market: Segmentations:
The mint extract market can be segmented on the basis of the form, origin of the product, variety, and application.
Based on form, the mint extract market can be segmented into powder, liquid, tablets and capsules. The powder form can be used as seasoning and flavoring agent. The liquid comes in aqueous and oil form, both can be used in any application. The tablets and capsules are used in the pharmaceutical market.
Based on the origin of the product, the mint extract can be segmented into organic and non-organic. The organic mint extracts are GMO-free and are produced under strict GMP. The non-organic mint extract is produced from the GMO plants.
Based on variety, the mint extract can be segmented into spearmint, orange mint, pineapple mint, peppermint, and chocolate mint. The different names of the mint extracts are because of the smell and taste. The mint extract of peppermint is used the most of them all because of its strong smell and taste.
Based on the application the mint extract market can be segmented into food and beverage, pharmaceutical, personal care, and household products. In food and beverage, the mint extract is used as flavoring and dressing agent. In pharmaceutical, the mint extract is used to treat bad breath, indigestion, nausea, and gynecological disorders. In personal care, the coolness or numbing effect is use in different products by adding mint extract. In household products, the mint extract is used as a pest repellent in sprays and cleaners.
Mint Extract Market: Region-wise Outlook:
Asia-Pacific is the largest producer of the mint extract market, with India alone having a value share of approx. 40% globally in the year 2015. Northern America and Europe stands as the largest consumer of mint extract market. The Middle East and Africa is anticipated to be a strong market region in terms of consumption in near futures.
Mint Extract Market: Drivers and Restraints:
Upcoming scientific studies have open up lot of application of the mint extract and this will act as a driver for the mint extract market. Also, a mint extract is already a versatile herb which can be used in a lot of industries with very little modification in the process and hence, a single manufacturer can target a lot of consumer based industries of the mint extract. Global consumption of the mint extract product will give the local manufacturers a chance to venture into the global market. The production of the mint extract is simple and mint plants are not susceptible to pest invasion and hence gives a manufacturer a good yield and brings down the manufacturing cost.
Mint Extract Market: Key Players:
The major global key players are Bhagat Aromatics Ltd, Nectar Lifesciences Ltd, Aroma Chemical Services International GmbH, S.R.S.Aromatics Ltd, Symrise AG, Carrubba INC, AuNutra Industries Inc, Changsha Organic Herb Inc, Grau Aromatics GmbH & Co. KG, Naturex SA, and H. Erhard Wagner GmbH.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.