Analysis of the Essential Oils of Peppermint Market in India shows an upward trend in market size value from 2024 to 2028. The value in 2023 stood at 188.45 million USD. The forecasted values for the coming years demonstrate a positive growth trajectory.
The year-on-year growth rates indicate a steady increase:- 2024: 3.61%- 2025: 3.94%- 2026: 3.77%- 2027: 3.59%- 2028: 3.44%
During the last two years, the market witnessed an average annual growth rate (CAGR) of 3.47%. Over the next five years, the market is anticipated to maintain a consistent growth pattern, with a significant focus on product quality and natural health trends driving demand.
Future trends to watch for include the increasing adoption of essential oils in aromatherapy, healthcare, and personal care products. Additionally, heightened consumer awareness about the benefits of peppermint oil and a growing inclination towards natural and organic products is expected to further bolster market growth in India.
