What is Wintergreen Oil Market?
Wintergreen Oil is traditionally extracted from the leaves of the wintergreen plant. It is produced with the fermentation of the natural material from the plant followed by distillation to obtain a pure product. There are two species used for the production of wintergreen oil including Gaultheria procumbens and Gaultheria fragrantissima. The active ingredient in the wintergreen oil is methyl salicylate that has analgesic and anti-inflammatory properties. It is used as an anti-inflammatory and topical pain reliever. It may also use in insecticides and repellents. It is more effective as an insecticide than as a repellent. In industrial use, it is used as a flavoring agent for products such as candies, toothpaste and mouthwashes. According to AMA, the Global Wintergreen Oil market is expected to see growth rate of 8.4% by 2027.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Frey + Lau GmbH (Germany), Vinayak Ingredients India Pvt Ltd (India), Berjé Inc. (United States), NOW Foods (United States), Organic Infusions (United States), Florihana (France), Azelis (India), The Lebermuth Co. (United States) and India Essential Oils (India) |
CAGR | 8.4% |
The market study is being classified by Type (Organic Wintergreen Oil and Conventional Wintergreen Oil), by Application (Aromatherapy, Personal Care Products, Pharmaceuticals and Food Industry) and major geographies with country level break-up.
The demand for Wintergreen Oil is increasing with each passing day. The businesses in this industry facing major competition with leading players of the market that includes Frey + Lau GmbH , Vinayak Ingredients India Pvt Ltd, Berjé Inc., NOW Foods and others. Many international as well as regional providers are also participants in the industry and directly compete with leaders. It has been identified that market leading players are investing heavily in growth strategies such as technological development, resource utilization to enhance their market position. The market leaders demonstrate a market-defining vision of how wintergreen oil can help top-line business executives achieve their business objectives. Leaders have the ability to execute against that vision through both products and services. They have demonstrated solid business results in the form of revenue and earnings. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Wintergreen Oil market throughout the forecasted period.
Frey + Lau GmbH (Germany), Vinayak Ingredients India Pvt Ltd (India), Berjé Inc. (United States), NOW Foods (United States), Organic Infusions (United States), Florihana (France), Azelis (India), The Lebermuth Co. (United States) and India Essential Oils (India) are some of the key players profiled in the study. Segment Analysis
Analyst at AMA Research have segmented the market study of Global Wintergreen Oil market by Type, Application and Region.
On the basis of geography, the market of Wintergreen Oil has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Health and Medicinal Benefits of the Wintergreen Oil
- Improved Farming Techniques Leads Into Easy Availability of the Raw Materials for Wintergreen Oil
Market Trend
- High Demand for Organic Products
Restraints
- Less Awareness among the People about the Importance of Wintergreen Oil
- Fluctuations in the Raw Material Prices
Opportunities
- Growing Awareness among the Consumers
- Increasing Demand from Various Industries
- Growth in the E-commerce Industry in Developing Countries
Challenges
- High Dose of Wintergreen Oil May Be Toxic
- Fluctuations in the World Economy
Market Leaders and some development strategies
In April 2021 Wintergreen Oil had announced the acquisition of Spectrum Chemicals. Spectrum will enhance Azelis' offering in agrochemicals, home care and industrial cleaning, as well as tailored speciality chemicals for industrial applications, which is highly complementary to Azelis' current portfolio in India. Azelis will enhance its technical capabilities in India as a result of this acquisition by adding an agrochemicals lab to the ones that already serve local customer demands in the CASE, personal care, and food market sectors.
Key Target Audience
Wintergreen Oil Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user