The Peppermint Oil industry was 715 million USD in 2017 and is projected to reach 1988 million USD by 2023, at a CAGR (Compounded Annual Growth Rate) of 18.58% between 2017 and 2023. The market is driven by various end-user industries, such as Toothpaste, Confectionaries, Pharmaceuticals, Tobacco, etc.
The industry is concentrated, the key players include Agson Global, Arora Aromatics, Swati Menthol & Allied Chem and so on. Other keyers are like NecLife, Silverline Chemicals, Mentha & Allied Products, Hindustan Mint&Agro Products, A.G. Industries, AOS Products, Aromatic & Allied Chemicals, Jindal Drugs, Paras Perfumers, KM Chemicals, Neeru Enterprises, Vinayak, WILD Flavors, etc.
The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow upward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins.
The Global Peppermint Oil Market Research Report 2018 report released by QYResearch provides a basic overview of the Peppermint Oil industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.
The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Peppermint Oil industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.
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