Mint
extract is obtained from the leaves of Mentha plant. Mint extract is
used as flavoring and nutraceutical agent since Grecian times. Mint
extract has a soothing aroma and taste. The mint extract is also us
as a nutraceutical to treat digestive disorders, nausea, respiratory
problems and to increase alertness. The prolonged use of the mint
extract has made it a widely used herbal extract. This produces a
high opportunity to capitalize by the manufacturers, as mint extract
added products have a global demand. Alternative and herbal medicine
market is on a rise and hence, the players of the mint extract market
are anticipated to be rewarded because of it.
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Asia-Pacific
is the largest producer of the mint extract market, with India alone
having a value share of approx. 40% globally in the year 2015.
Northern America and Europe stands as the largest consumer of mint
extract market. The Middle East and Africa is anticipated to be a
strong market region in terms of consumption in near futures.
Upcoming
scientific studies have open up lot of application of the mint
extract and this will act as a driver for the mint extract market.
Also, a mint extract is already a versatile herb which can be used in
a lot of industries with very little modification in the process and
hence, a single manufacturer can target a lot of consumer based
industries of the mint extract. Global consumption of the mint
extract product will give the local manufacturers a chance to venture
into the global market. The production of the mint
extract is simple and mint plants are not susceptible to pest
invasion and hence gives a manufacturer a good yield and brings down
the manufacturing cost.
The
major global key players are Bhagat Aromatics Ltd, Nectar
Lifesciences Ltd, Aroma Chemical Services International GmbH,
S.R.S.Aromatics Ltd, Symrise AG, Carrubba INC, AuNutra Industries
Inc, Changsha Organic Herb Inc, Grau Aromatics GmbH & Co. KG,
Naturex SA, and H. Erhard Wagner GmbH.
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