Mints Market Size
| Study Period | 2018 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.20 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Mints Market Analysis
The global mints market is expected to register a CAGR of 4.2% over the next five years.
One of the critical aspects promoting the growth of the mints market is the rising awareness of oral health. Furthermore, an increase in oral issues, including plaque, discolored teeth, and foul odor, has been brought on by the increasing consumption of junk food, tobacco, and alcohol. For instance, the World Health Organization (WHO) estimates that oral health issues affect 50% of the world's population. This aspect will likely increase mouth freshener usage, which is anticipated to boost the mouth freshener market size. Therefore, driving the mints market.
Breath sweeteners flavored with natural or synthetic mint oil with varied concentration is gaining traction. However, the use of botanical extracts in confectionery is high due to consumers' expectations for authentic products, as they want clean-labeled products without compromising on the taste. To preserve oral health and keep their teeth and gums healthy, most customers prefer sugar-free mints to chewing gum that occasionally contains ingredients like Xylitol, among other things, to help teeth whitening.
Companies are using uniquely-designed metal tins for their premium range of breath sweetener packaging to enhance the customer appeal of the product. The rising health consciousness among consumers is increasing the sales of sugar-free mint confectionery. For instance, according to the Mint Research Council, One-fourth of the mint oil produced in the USA is used to flavor dentifrices, while the remaining one-fourth is used to flavor chewing gum (toothpaste, mouthwash, etc.). In the liqueur, confectionery, medicinal, and aromatherapy industries, the remaining 10% is used for flavor.
Government regulations on various mouth fresheners, including gums, could limit industry expansion in certain regions. For instance, chewing gum cannot be purchased in Singapore unless it is on a doctor's prescription or from a licensed pharmacist. However, demand may be driven shortly by product innovation and consumer acceptance of various product versions.
Mints Market Trends
This section covers the major market trends shaping the Mints Market according to our research experts:
Rising Demand for Clean Label Ingredient to Drive the Growth of Mints Market
Consumers worldwide are starting to read product labels more carefully as they become more aware of the ingredients in their products. Because of this, clean-label food ingredient businesses, especially those with a global presence, face considerable challenges. They must carefully select their component choices to get the optimum market positioning while adjusting for regional and cultural differences among nations. Component formulators have a substantial challenge to balance the ingredient mix and satisfy client preferences. Numerous problems, including shelf life and processing requirements, have grown due to the expansion of various products. However, they are unwilling to forego quality or authenticity in favor of shorter, more evident labels and simpler, authentic components.
The consumer preference toward organic confectionary, owing to the ingredients used, drives the consumers' decision. The use of botanical extracts in confectionery is high due to consumers' expectations for authentic products, as they want clean-labeled products without compromising on the taste. Mint and its derivatives, such as peppermint, spearmint, and menthol, are the main flavor choices in the tablet category of the confectionery market. Further, due to constant emphasis on clean-labeled products and stricter government regulations on the amount of sugar content in food products, organic, vegan, GMO-free, sugar-free, kosher food colors, sweeteners, and other ingredients are being used while manufacturing candies, which are likely to contribute to the growth of the category. In 2021, Neuro gum mints were launched at Whole Foods. These are vegan, free of sugar and gluten, and use only scientifically-backed and sustainable ingredients.
North America Continues to Dominate the Global Mint Market
Due to the market participants' being active in meeting customer expectations by introducing various sorts of mints, including herbs and spices, and breath mints, the North American region is anticipated to have a sizable market share throughout the forecast period. In addition, those who smoke or drink alcohol more frequently are using mints and mouthwashes to cover up the scent. People who lead hectic lives and don't have time to practice good dental hygiene may also turn to mouthwash as a substitute.
The rising health consciousness among North American citizens is increasing the sales of sugar-free mint confectionery. This product posed healthy competition to the market studied, in the recent year, with the introduction of hybrid products composed of mint. The American consumer preference for mint confectionery remains high, compared to chewing gum, due to its oral benefit and low sugar content. An impulse purchase, convenient packing, and innovation in products with various flavors have fueled the growth of the market studied in the region. The major companies in this region are Mondelēz International Inc., Mars Incorporated, and Ferrero.
Further, There is an increase in demand for menthol and mint in the market. The fact that menthol is a common element in medications and cosmetics may be the primary factor driving menthol sales up. In this region, demand for the product is being driven by the introduction of ingredients including caffeine, ginseng, and guarana among others in gum, breath fresheners, and mints.
Mints Industry Overview
The key players in the region, such as Perfetti Van Melle, Mondelez International, Mars Incorporated, Nestle SA, and Hershey's, hold prominent shares in the mints market with a global presence and efficient distribution networks. The market studied is competitive, with many multinational players competing for the market share. New flavor innovation with attractive packaging is the primary strategy adopted by players. A company's growth in the mint market depends on its distribution channel and innovation in its product list with a lucrative packaging style.
Mints Market Leaders
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Perfetti Van Melle
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Mars Incorporated
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The Hershey Company
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Ferrero International S.A.
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Mondelez International
*Disclaimer: Major Players sorted in no particular order
Mints Market News
- In January 2022, Tic Tac introduced its limited-edition packages with uplifting messages to inspire customers to exercise kindness and foster connections. The new packets have 12 Tic Tac sayings, including "Keep Your Day In Mint Condition," "Orange You Glad We Have Each Other?" and many more. They are available in the flavors Freshmint, Orange, and Fruit Adventure.
- In March 2021, Perfetti Van Melle announced the launch of Center fresh 'Clean Breath.' The 3-layer product is made using compressed mint technology with zinc lactate trapped in the central layer.
- In March 2021, Mars Wrigley announced the launch of a new price variant of Doublemint and Orbit at INR 1.
Mints Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definitions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Product Type
- 5.1.1 Power Mints
- 5.1.2 Standard Mints
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5.2 Distribution Channel
- 5.2.1 Supermarkets/Hypermarkets
- 5.2.2 Convenience Stores
- 5.2.3 Pharmacies
- 5.2.4 Specialist Retailers
- 5.2.5 Other Distribution Channels
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5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.1.3 Mexico
- 5.3.1.4 Rest of North America
- 5.3.2 Europe
- 5.3.2.1 Spain
- 5.3.2.2 United Kingdom
- 5.3.2.3 Germany
- 5.3.2.4 France
- 5.3.2.5 Italy
- 5.3.2.6 Russia
- 5.3.2.7 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 China
- 5.3.3.2 Japan
- 5.3.3.3 India
- 5.3.3.4 Australia
- 5.3.3.5 Rest of Asia-Pacific
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle-East and Africa
- 5.3.5.1 South Africa
- 5.3.5.2 United Arab Emirates
- 5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Strategies
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 Mondelez International Inc.
- 6.3.2 Nestle SA
- 6.3.3 Ferndale Confectionery Pty Ltd
- 6.3.4 Perfetti Van Melle Group B.V.
- 6.3.5 Ricola Ltd
- 6.3.6 Mars Incorporated
- 6.3.7 The Hershey Company
- 6.3.8 Ferrero International S.A.
- 6.3.9 Procter and Gamble Co
- 6.3.10 Herbion International Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityMints Industry Segmentation
Mints are food products that are consumed as breath refreshment candies. The report's scope for the mint market includes product type, in which the market is segmented into power mints and standard mints. By distribution channel, the market is segmented into supermarkets/hypermarkets, convenience stores, pharmacies, specialist retailers, and other distribution channels. By geography, the market is segmented into North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. For each segment, the market sizing and forecasts have been done based on value (in USD million).
| Product Type | Power Mints | |
| Standard Mints | ||
| Distribution Channel | Supermarkets/Hypermarkets | |
| Convenience Stores | ||
| Pharmacies | ||
| Specialist Retailers | ||
| Other Distribution Channels | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Rest of North America | ||
| Geography | Europe | Spain |
| United Kingdom | ||
| Germany | ||
| France | ||
| Italy | ||
| Russia | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| Rest of Asia-Pacific | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | South Africa |
| United Arab Emirates | ||
| Rest of Middle-East and Africa |
Mints Market Research FAQs
What is the current Mints Market size?
The Mints Market is projected to register a CAGR of 4.20% during the forecast period (2024-2029)
Who are the key players in Mints Market?
Perfetti Van Melle, Mars Incorporated, The Hershey Company, Ferrero International S.A. and Mondelez International are the major companies operating in the Mints Market.
Which is the fastest growing region in Mints Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Mints Market?
In 2024, the North America accounts for the largest market share in Mints Market.
What years does this Mints Market cover?
The report covers the Mints Market historical market size for years: 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Mints Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Mouth Fresheners Industry Report
Statistics for the 2024 Mouth Fresheners market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Mouth Fresheners analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
