The Canadian essential oils of peppermint market is projected to grow steadily from 2024 to 2028, with values increasing from $13.34 million in 2024 to $15.101 million by 2028. This growth indicates an annual growth rate of approximately 3.2% year-on-year. Considering a steady growth trend, the compound annual growth rate (CAGR) over this five-year period is about 3.12%.

The market showed healthy growth trends before 2024 as well, establishing a baseline for continued expansion. In comparison to 2023, the market value is poised to jump significantly, reflecting positive consumer demand and increased application.

Future trends to watch include:

Increasing demand in consumer health products and natural remedies.
Expansion in the cosmetic and personal care industries using natural ingredients.
Potential supply chain developments affecting production and distribution.
Regulatory changes focusing on organic and sustainable production processes.