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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Rising Demand for Natural Products to Aid the Wintergreen Oil Market Growth
The demand for wintergreen oil has been aided by the rising demand for natural products. The primary component of wintergreen that is, methyl salicylate, is widely utilised in topical creams, pain relievers, personal care products, and massage blends owing to its soothing properties. As wintergreen and birch are the only plants wherein methyl salicylate occurs naturally, the demand for wintergreen oil in various applications has increased.
North America is expected to be one of the most significant markets for the product. The demand is growing in the region due to the rising consumer inclination towards natural products and higher standards of living.
Wintergreen Oil Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global wintergreen oil market is being supported by the growth of the essential oil market, which attained a volume of 228.73 thousand metric tons in 2023.
The essential oil market is projected to grow at a CAGR of 8.8% between 2024 and 2032, which is aiding the growth of the wintergreen oil industry.
The essential oil market is estimated to reach 488.49 thousand metric tons by 2032, thus, further supporting the wintergreen oil industry growth.
The major drivers of the industry, such as rising disposable incomes, the product’s soothing, anti-inflammatory, and pain relieving properties, rising demand from the personal care industry, and the growing aromatherapy industry, are expected to aid the market growth.
The key trends guiding the growth of the market include the rising demand for natural ingredients in the end-use sectors.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading types of wintergreen oil in the market are organic and conventional.
The major application segments in the industry are aromatherapy, personal care, pharmaceutical, and food and beverage.
The major players in the industry are Lebermuth Co., Inc., NOW Health Group, Inc., NHR Organic Oils, Vinayak Ingredients India Pvt Ltd., Rakesh Sandal Industries, Others
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