In 2023, the Essential Oils of Peppermint market in the US reached a value of $446.06 million. Following a noteworthy dip in 2020, the market demonstrated a strong resurgence, particularly evident in 2021 with a 15.28% year-on-year increase. Over the past five years, the market has shown a modest Compound Annual Growth Rate (CAGR) of 0.72%, indicating a steady, albeit slow, recovery and growth trend.

Future trends to watch for:

Increased consumer interest in natural and organic products, potentially bolstering demand for peppermint essential oils.
Potential innovation in applications, including aromatherapy and personal care, driving market growth.
Regulatory changes and sustainability concerns could influence production and distribution practices.