The essential oils of peppermint market in Canada reached a value of $12.888 million in 2023. This reflects steady growth, with a moderate year-on-year increase of 3.67%, continuing from a 3.85% increment in 2022. Over the past five years, the market experienced an average compound annual growth rate (CAGR) of 3.43%, indicating a consistent demand trend.
Future trends to watch for include the rising consumer preference for natural health and wellness products, which could drive further demand. Additionally, innovations in aromatherapy and personal care applications may boost market expansion, along with increasing environmental sustainability concerns pushing for eco-friendly extraction processes.
