Between 2013 and 2023, the per capita market size of peppermint essential oils in the Netherlands has generally trended upwards, starting at $0.77 in 2013 and reaching $1.07 by 2023. The most notable increases occurred from 2016 to 2018, with a steady growth from $0.82 to $0.96. In recent years, the market saw a significant recovery post-2020, with the value rising from $0.82 to $1.07 in 2023.
Year-on-year growth was particularly strong in 2021 and 2022, with substantial percentages compared to the prior years. The five-year compound annual growth rate suggests a progressive trend in consumer interest and market expansion for peppermint essential oils.
Looking forward, trends to watch include the impact of rising health consciousness in Europe, potential regulatory changes surrounding essential oils, and emerging natural product trends that could further drive demand.
