The market size of essential oils of peppermint in China has shown fluctuations from 2013 to 2023. After experiencing significant growth in the early years, market size declined between 2017 and 2020. However, a recovery phase has been evident from 2021 to 2023, with year-on-year growth averaging around 4% during these years. The compound annual growth rate (CAGR) over the last five years stands at approximately 2.59%.

Future trends to watch for include:

Growing consumer interest in natural and wellness products could bolster demand.
Potential for innovation in applications of peppermint oil, such as in aromatherapy and personal care.
Regulatory changes or shifts in exports could impact market dynamics.