Spearmint Oil Market Size, Share and Trends 2025 to 2034

What is the Spearmint Oil Market Size?

The global spearmint oil market size is calculated at USD 209.52 million in 2025 and is predicted to increase from USD 225.71 million in 2026 to approximately USD 409.50 million by 2034, expanding at a CAGR of 7.73% from 2025 to 2034. The increasing demand for natural or herbal material in the formulation of consumer products accelerates the growth of the market.

Spearmint Oil Market Key Takeaways

• North America dominated the global market with the largest market share of 55% in 2024.
• Europe is expecting substantial growth during the predicted period.
• By source, the natural segment contributed the highest market share in 2024.
• By source, the organic segment expects notable growth during the forecast period.
• By form, the concentrates segment captured the biggest market share in 2024.
• By form, the absolute segment substantial growth in the market during the predicted period.
• By application, the food and beverages segment generated the major market share in 2024.
• By application, the therapeutics segment expects substantial growth in the predicted period.
• By distribution channel, the B2B distribution channel segment has held the largest market share in 2024.
• By distribution channel, the B2C distribution channel segment expects notable growth during the forecast period.

What is the Impact of Artificial Intelligence on the Spearmint Oil Market?

Artificial intelligence is revolutionizing various industries including the fragrance and essential oils sectors. Technological developments promote industry growth by optimizing operations to streamline the supply chain, improve inventory management, automate manufacturing, and enhance product development to create innovative and effective blends. Furthermore, automation has made enhanced oil recovery operations more efficient, cost-effective, and precise. Automated distillation processes enable producers to maintain consistent quality and precise extraction yields, minimizing waste and reducing costs.

Aside from its applications in the manufacturing processes, data-driven decision-making, predictive analysis, and machine learning of AI can provide personalized customer experiences. AI-driven market analysis tools provide insights into consumer preferences and trends, allowing manufacturers to tailor their product offerings more effectively. As a result, companies can respond swiftly to market changes such as offering tailored recommendations and immersive aromatherapy experiences.

What is Spearmint Oil?

Spearmint is the type of plant that is also known as the common mint, garden mint, or lamb mint. Spearmint oil is a type of essential oil that offers several benefits to different industrial applications and product formulations. The widespread adoption of spearmint oils for the making of different personal, food, and beverage products is accelerating the demand for the spearmint oil market.

What are the Growth Factors of the Spearmint Oil Market?

• Increasing demand from industries: The increasing demand for spearmint from different industries such as pharmaceutical, healthcare, cosmetics, food and beverages, and others for the development of end-products accelerates the growth of the market.
• Demand for organic products: The rising preference towards organic product consumption over chemically fused material due to the higher effectiveness of products and lowered side effects is accelerating the growth of the market.
• R&D activities: The increasing investment in research and development activities in the expansion of natural product integration into personal and healthcare products boosts the growth of the market.

Spearmint Oil Market Outlook

• Industry Growth Overview: During the years from 2025 to 2030, the spearmint oil market is projected to expand at a steady rate as a result of increasing demand from foodservice, personal care, and aromatherapy. Industry growth reflects changing consumer preferences as more consumers are switching to natural flavors and health-related products, particularly in Asia-Pacific and North America.
• Sustainability Trends: Sustainability continues to affect production, as brands move to produce organically grown spearmint, utilize non-chemical extraction processes, and promote traceability in supplying their products. Manufacturers are investing heavily in environmentally friendly farming practices and ways of using fewer pesticides and chemicals to produce certified natural oils to navigate new and tighten clean-label and safety regulations across the globe.
• Global Expansion: Major manufacturers continue to expand their footprint in Southeast Asia, Eastern Europe, and LATAM to secure a stable supply of raw materials and service local FMCG markets. Companies have begun investing in new distillation facilities or forming partnerships with local farmers to secure their export practices.
• Key Investor: Private equity as well as strategic buyers are interested due to high-margin essential oils, wellness trends that are growing, and a low synthetic ecosystem. KKR and Carlyle are placing their attention on investing in portfolios of natural ingredients to meet the long-term push for ESG development.
• Startup Ecosystem: The startup landscape is broadening with startups that work in organic farms, supercritical COâ‚‚ extraction, and AI-based (e.g., AgTech) crop optimization. New entrants in India and the U.S. are attracting VC funding with pesticide-free, high-purity spearmint oil for beauty and personal care, and other products in cosmetics and nutraceuticals, as well as aromatherapy brands.

Market Scope

Market Dynamics

Drivers

Rising demand from the cosmetic industry

The increasing awareness about essential oils in terms of skincare and cosmetics products drives the growth of the spearmint oil market. Spearmint oils are used in a wide range of cosmetics and beauty accessories. It is used in the formulation of products such as soaps, gels, lotions, sprays, candles, and others. Spearmint oils help overcome different skin problems such as skin itchiness, insect bits, and athlete foot-like skin conditions. Spearmint oil is also used as a hair care solution, as it promotes hair growth and protects the hair from high heat.

• The revenue of the cosmetics industry is expected to reach USD 114.7 million with a CAGR of 3.96% in the period of 2025-2030.
• The United States accounted for the highest revenue, accounting for USD 21,450 million in 2025.

Restraint

Associated side effects

Longterm use of spearmint oil can lead to side effects that hinders the growth of the spearmint oil market. These side effects include lethargy, slowing breathing problems, etc.

Opportunity

Higher adoption of spearmint in healthcare

The health benefits associated with spearmint oil are that it helps reduce digestion problems, affects hormone levels, and reduces swelling in the body. It is widely consumed for addressing different healthcare problems. Spearmint oil is used to relieve gut health issues such as nausea, vomiting, indigestion, and gas. Its high antioxidant properties help in addressing chronic conditions like cancer, heart disease, and diabetes. It helps reduce bacterial infections, lower blood sugar, reduce stress, and reduce arthritis pain and discomfort. Furthermore, the ongoing research and development activities on further expansion in the usability of spearmint products contributed to the expansion of the spearmint oil market.

Source Insights

The natural segment led the global spearmint oil market in 2024. The population's rising inclination towards natural and chemical-free products is driving the demand for natural spearmint oils. Natural spearmint oils are naturally derived essential oils from spear-shaped leaves. Natural spearmint oils are used in a wide range of applications, such as flavoring agents in food and cosmetics products. The increasing demand for natural raw materials or products for the development of sustainable and clean-label products is accelerating the demand for naturally derived spearmint oils.

The organic segment expects notable growth during the forecast period. The rising awareness about the health and acceptance of organic products in the development or manufacturing of different products and applications boosts organic spearmint oils. The increasing awareness regarding the sustainability and preference of the people for the organic certification of products drives the demand for the organic spearmint oil segment.

Form Insights

The concentrates segment dominated the spearmint oil market in 2024. The increasing demand for concentrated spearmint oils from a wide range of industries is owing to its benefits associated with health and wellness. Concentrated spearmint oils are used as flavoring agents in food and beverages, the cosmetics industry, healthcare, and others. Its potential benefits accelerate its usage level in different industries. Concentrated spearmint is used in the development of different types of drugs or medicines related to stomach or digestion.

The absolute segment substantial growth in the market during the predicted period. Absolute is another form of spearmint oil that is majorly used as an ingredient in perfumery and aromatherapy. It is mostly used in the designing or making of cosmetic products such as perfumes, skincare products, and others.

Application Insights

The food and beverages segment dominated the spearmint oil market in 2024. Spearmint oils are widely used in food and beverage applications. It is mostly used as the flavoring agent in different food products such as baked food products, meats, frozen dairy, chewing gums, and beverages. The increasing demand for functional food in the population and the demand for fresh flavors in confectionary products like mouthwash, toothpaste, and other oral care products collectively drive the demand for spearmint oil in the food and beverages industry.

The therapeutics segment expects substantial growth in the predicted period. The spearmint is used in a number of health therapeutics; it is majorly used in different medicinal applications such as digestive disorders, including upper gastrointestinal tract spasms, nausea, indigestion, gas, irritable bowel syndrome (IBS), gallbladder swelling (inflammation), bile duct and gallstones. Furthermore, the increasing adaptation of herbal medicine by the people is accelerating the growth of the market.

Distribution Channel Insights

The B2B distribution channel segment dominated the market in 2024. The B2B distribution channel generates the largest revenue in the spearmint oil market due to the increasing distribution in the different industries and business channels such as cosmetics, food and beverages, aromatherapy, and health and wellness boosts owing to its benefits in health and wellness. Thus, the rising adaptation of spearmint oil from different industries and businesses boosts the growth of the segment.

The B2C distribution channel segment expects notable growth during the forecast period. The increasing availability of spearmint oils in the B2C business or distribution channels in supermarkets or hypermarkets, convenience stores, specialty stores, and online retail channels due to the higher consumer base is accelerating the consumption of B2C distribution channels.

Regional Insights

U.S. Spearmint Oil Market Size and Growth 2025 to 2034

The U.S. spearmint oil market size is exhibited at USD 86.43 million in 2025 and is projected to be worth around USD 171.59 million by 2034, growing at a CAGR of 7.90% from 2025 to 2034.

North America dominated the global spearmint oil market in 2024. The growth of the market is attributed to the rising adoption of herbal and natural products in the wide range of industrial development. The rising demand for essential oils from healthcare, cosmetics, food, and beverage products owing to their benefits is driving the demand for spearmint products. The increasing availability of leading cosmetics and pharmaceutical companies that focus on sustainability and organic product usage for the development of end-products boosts the growth of the market in the region.

• The United States imported essential oil and resinoid products worth USD 20.09 million in 2023. The demand for lemon oils in the United States will reach 24 kilotons in 2024.

Europe is expecting substantial growth in the spearmint oil market during the predicted period. The growth of the market is attributed to the rising preference for herbal products by the population of regional countries for the development of different medicinal, cosmetics, and different types of food products. The rising presence of the leading cosmetics industries in European countries like France and the United Kingdom is accelerating the growth of the market. The increasing trend towards aromatherapy in urban areas and the government intervention in the development of organic farming products in the countries are contributing to the growth of the market across the region.

• According to the European Commission, the production value of essential oil amounted to roughly 1.12 million euros in 2023.

What made Asia-Pacific experience rapid growth in the spearmint oil market?

Asia-Pacific is anticipated to experience rapid growth driven by rising production activity in India and China, increased capacity for exports, and the growing acceptance of plant oils for food, well-being, and cosmetics. The three countries had low-cost agricultural production, skilled farm labor, and increased distillation capacity. For many consumers globally, there was a desire for herbal and traditional medicines, leading to a higher demand for spearmint oil. The opportunities for spearmint oil in personal care products, aromatherapy uses, and food flavoring are significant, supported by urbanization and growing disposable incomes.

India Spearmint Oil Market Trends

India was the largest spearmint oil producer among the three, because of existing larger farm sizes, a history of large-scale growers, established exporters, low-cost production, and the weather that supports high-quality spearmint oil. The country used spearmint oil in many products, such as ayurvedic-based products, skin care, and herbal teas. India also saw more distillation units being opened to meet growing international demand, and some farmers shifted to mint farming for higher-income potential.

What made Latin America grow at a steady rate in the spearmint oil market?

Latin America was expected to sustain steady growth due to improving agriculture, the rising use of herbal products, and expanding markets for cosmetic products. All the while, countries were notably investing in organic agriculture and local small-scale distillation units to add a local production structure. Moreover, consumer demand for natural flavors and wellness oils began to increase as well. Opportunities were abundant for the region for the export of essential oils, export of natural medicines, and international trade of clean-label personal care goods.

Brazil Spearmint Oil Market Trends

Brazil led the Latin American region due to the strong culture of herbal product use, the emergent expansion of the cosmetics sector, and the growing industry around agricultural production of essential oils. Brands were beginning to utilize peppermint and spearmint oils in soaps, creams, and wellness blends. The demand for natural and not chemically produced products was increasing. The country was also investing in local extraction and distillation units to fortify local production and lessen its dependence on imported oil.

What made the Middle East & Africa region grow steadily in the spearmint oil market?

Steady growth in the Middle East & Africa region was expected due to increased interest in herbal remedies, essential oils, and natural cosmetics. Countries expanded their farmland and improved local distillation techniques. The demand for essential oils increased at wellness centers, spas, and in traditional medicine markets. Similarly, opportunities remained plentiful in premium aromatherapy, organic oils, and exporting essential oils to Europe. As awareness increased for products and lifestyle wellness without chemicals, there was much potential to establish a strong future in the spearmint oil market in this region.

The UAE Spearmint Oil Market Trends

The UAE was the leading market in the Middle East & African region due to its robust spa culture, wellness tourism, and greater consumer demand for premium essential oils. Retailers offered many organic and imported spearmint oils intended for skincare, aromatherapy, and relaxation products. The country upgraded its distillation and invested in high-quality packaging and distribution networks.

Spearmint Oil Market Market Companies

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

Latest Announcement by Industry Leaders

• In October 2023, Lionel Hitchen introduced Ginger Trail to explore the versatility of flavor ingredients. The product is designed to replace the standard alcoholic beverages with non-alcoholic beverages.

Segments Covered in the Report

By Source

• Natural
• Organic
• Form Insights
• Concentrates
• Absolute
• Blends

By Application

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

By Distribution Channel

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

By Regional Insights

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa