From 2013 to 2023, the market for Essential Oils of Mints (Except Peppermints) in the UK experienced a general decline, dropping from USD 83.591 million to USD 65.214 million. Notably, the period from 2016 to 2019 saw a slight recovery before returning to a downward trend. Over the past five years, the compound annual growth rate (CAGR) has been approximately -1.83%, indicating a consistent decline. The last two years saw year-on-year decreases of around 3%, highlighting a continued shrinking market size.
Future trends to watch for include shifts in consumer preferences towards natural and organic products, which could drive demand for essential oils, including mints. Additionally, enhanced health consciousness and the popularity of aromatherapy may influence market dynamics. Increasing interest in sustainable and eco-friendly production methods might also be a significant factor. Monitoring these aspects could provide insights into potential recovery or further decline of this market segment.
