The forecasted import of peppermint essential oils to India from 2024 to 2028 shows a steady increase. The volume grows from 110.2 thousand kilograms in 2024 to 128.34 thousand kilograms in 2028, indicating a consistent upward trajectory. Without the actual data for 2023 provided, the year-on-year increase starting from 2024 shows an average annual growth rate of about 4% to 4.5%. This reflects a growing domestic demand and potentially increased usage in various industries such as pharmaceuticals, cosmetics, and food and beverage sectors.

Future trends to watch include:

Potential innovation in product formulations utilizing peppermint oil.
Shifts in global peppermint oil production impacting supply and pricing.
Indian regulatory changes affecting import policies or quality standards.
Consumer preference changes towards natural and organic products, influencing import volumes.