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The mentha oil market size is forecast to increase by USD 181.2 million at a CAGR of 10.87% between 2023 and 2028. The market is witnessing significant growth due to the increasing demand for natural fragrances in various end-use industries. The health benefits associated with essential oils, particularly menthol derived from Mentha plant species, are driving the market growth. Natural menthol is gaining popularity in the fragrances industry due to the clean labeling trend, as consumers prefer natural ingredients in their personal care products. Moreover, pharmaceutical buyers and CPG firms are increasingly using mentha oil in their offerings to cater to the growing demand for natural remedies. However, the commodities market volatility and increasing competition from other essential oils pose challenges to market growth. In the aromatherapy sector, mentha oil is widely used for its cooling and soothing properties, making it a preferred choice for consumers seeking natural remedies for various health issues.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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