The US peppermint essential oils market value per capita has shown moderate fluctuation over the years. This metric increased steadily from 2013 to 2019, reaching a temporary low in 2020 at $1.11 due to pandemic-driven market contractions. However, the value rebounded by 15.3% in 2021, followed by consistent increases in 2022 and 2023, culminating in a per capita value of $1.36. Over the last two years, there was a 5.47% year-on-year increase, underscoring a resilient market recovery. The compound annual growth rate (CAGR) from 2019 to 2023 was positive, indicating stable market growth.

Future trends to watch for:

Increased consumer preference for natural products could boost demand.
Innovation in essential oil applications may further expand market reach.
Market dynamics will be influenced by supply chain efficiencies and potential regulatory changes.