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Spearmint Extract Market 2018-2028| Competitors, Business Strategy and Key Players Analysis

Mar 5th 2020 at 2:17 AM

Market Outlook

Spearmint extract is a flavoring agent used to enhance the pungent aroma and sweet flavor in eatables. The spearmint is also called as green mint, curled mint, garden mint, fish mint, hierbabuena. Due to its easy binding nature, spearmint extract is commonly used as a condiment in continental foods. Spearmint extract consists of active chemical components such as carvone, β-pinene, α-pinene, 1,8-cineole, limonene, myrcene, and menthol. Carvone is the most abundant ingredient present in spearmint extract which gives a distinctive smell. The traditional herbal aroma of spearmint extract enables its application over flavored green tea, mojitos, yogurt drinks. The spearmint extract is also utilized as a flavoring agent in wines and beer. In addition, spearmint extract finds its application over cakes, cookies, candies and other confectionaries too. The spearmint extract is used as a condiment and flavoring agent, and it also has vital medicinal values. Spearmint extract consists of therapeutic properties such as antispasmodic, antiseptic, cephalic, carminative, and others.

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Growing Demand for Spearmint Extracts in the Cosmetic Industry

The demand for spearmint and processed spearmint extracts in the recent years has increased due to changing consumer preference over natural ingredients. The spearmint extracts are not only used in dietary supplements and food condiments, but also have numerous application in cosmetics and personal care products. Due to the presence of vitamins and anti-oxidants in high concentration, spearmint extract is used as a cleanser, skin toner, and moisturizer. As spearmint extract has aromatic properties, it is also used in aromatherapy used massage, spa, and other hospitality sectors. They also have application in sunscreens. The spearmint extract works on the skin by increasing the blood flow in the skin cells, thereby regenerating the new cells. Among the various forms of spearmint extract, the spearmint essential oil is used widely.

Global Spearmint Extract Market: Segmentation

On the basis of end use, the global spearmint extract market has been segmented as-

  • Food
    • Confectionaries
    • Condiments
    • Others
  • Beverage
    • Tea
    • Mojito
    • Others
  • Dietary Supplements
  • Pharmaceuticals
  • Aromatherapy
  • Pet foods
  • Cosmetics & Personal Care
  • Household
  • Others

On the basis of distribution, the global spearmint extract market has been segmented as-

  • Direct
  • Indirect
    • Supermarket/Hypermarket
    • Pharmaceuticals
    • Specialty stores
    • E-commerce

On the basis of form, the global spearmint extract market has been segmented as-

  • Powder
  • Extract
  • Capsules
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Global Spearmint Extract Market: Key Players

Examples of some of the key players operating in the spearmint extract market include OliveNation, New Way Herbs, Amoretti, Hawaii Pharm, St. Moritz, Masterfoodeh Co., Aromaaz International, IL Health & Beauty Natural Extracts Co. Inc., Aksuvital, Shaanxi Guanjie Technology Co.,LorAnn Extracts, Traditional Medicinals, Inc., Secrets Of The tribe, Scentual Aroma Inc., etc.

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