The Essential Oils of Peppermint market in South Korea showed varied yearly growth from 2013 to 2023. The per capita value peaked at USD 0.18 in 2017, 2022, and 2023, following a stable or increasing trend from 2015 onward, except for a dip in 2020 to USD 0.15. This indicates resilience and a potential recovery trajectory post-pandemic. Variations highlight a period of growth between 2016 and 2017 with a notable drop in 2020. Across five years, the compound annual growth rate elucidates a steady interest in peppermint oil.
Future trends to watch for include increasing demand for natural products, potential for innovation in product formulations, and expansion in new demographics, driven by health and wellness trends. These could further bolster market growth in upcoming years.
| # | 11 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 1.07 | 2023 | View data | ||
| 2 | 2 Germany | 0.61 | 2023 | View data | ||
| 3 | 3 Japan | 0.48 | 2023 | View data | ||
| 4 | 4 France | 0.46 | 2023 | View data | ||
| 5 | 5 Canada | 0.33 | 2023 | View data | ||
| 6 | 6 Italy | 0.26 | 2023 | View data | ||
| 7 | 7 South Korea | 0.18 | 2023 | |||
| 8 | 8 India | 0.13 | 2023 | View data | ||
| 9 | 9 Chile | 0.093 | 2023 | View data | ||
