New Report: Peppermint Oil Market Revenues To Rake In At A CAGR Of 5.2% During 2018-2027
Verfasser: yogesh on Thursday, 6 December 2018The latest market report, titled ‘Peppermint Oil Market: Global Industry Analysis (2013-2017) and Forecast (2018-2027)‘ by Persistence Market Research (PMR), gives key insights on the global peppermint oil market. In terms of value, the global peppermint oil market is expected to register a healthy CAGR of 5.2% during the forecast period, with various forecasting parameters, regarding which, PMR gives important market insights in detail.
Factors such as 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 are driving the global peppermint oil market. The food and beverages segment holds a major share in the peppermint oil market, due to an increase in the demand for natural flavors in food and beverages. Refreshing peppermint flavor is high in demand, and thus, is used in various beverages and confectionaries. Peppermint oil is used in the production chewing gum, candies, sweets, and ice cream, as well as in tea and liquor. Peppermint oil also serves as a natural preservative, owing to its anti-bacterial activity.
Increasing Stature of Aromatherapy