Latest News- Mints Market: Peppermint is expected to lead the Type segment during 2024-2028

The Mints Market is being driven by New product launches in global mints market

The Mints Market is expected to grow at a CAGR of 3.53% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1.42 billion. In today's health-conscious market, consumers are increasingly prioritizing low-sugar and calorie options for their snacking needs. Sugar-free mints have emerged as a popular alternative to traditional sugary candies and snacks. These mints cater to individuals who are mindful of their sugar intake, calorie consumption, and weight management. By opting for sugar-free mints, consumers can satisfy their sweet cravings without the guilt of added calories or the detrimental effects of sugar on dental health. Sugar-free mints offer a refreshing solution to maintain oral hygiene while providing a guilt-free indulgence for those seeking to minimize their sugar consumption. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type

  • Peppermint
  • Spearmint
  • Others

• Distribution Channel

  • Offline
  • Online

• Geography

  • North America

    • US

  • Europe

    • Germany
    • UK
    • France

  • APAC

    • China

  • South America

  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• New product launches in global mints market
• High penetration of mints vendors on online channels
• Increased focus on oral health

However, the market also witnesses some limitations, which are as follows:

• Easy availability of substitutes for mints
• Fluctuations in raw material prices
• Negative health effects of excessive consumption of mints

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Market Scope in Mints Market Research Report

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Research Analysis Overview

In the mints market, consumer preferences lean towards sugar-free options. Brands like Fox and Smint cater to this demand with natural ingredients, providing a competitive edge. Chewy textures and various flavors distinguish these sugar-free mints from substitutes such as chewing gum, breath-freshening sprays, mouthwashes, and medicated lozenges. Menthol is a popular ingredient for its cooling effect on sore throats and congestion relief.

Market Research Overview

The global mints market, as per Technavio, falls under the food products segment of the larger packaged foods and meats market in the food, beverage, and tobacco industry. This market encompasses food processing vendors dedicated to food processing for microbe elimination and shelf life extension. Technavio's market analysis calculates the market size based on the consolidated revenue of participating vendors. Excluded from this market are manufacturers of food processing equipment and producers of packaged alcoholic and non-alcoholic beverages, including mineral waters. Consumer preferences for sugar-free mints and natural ingredients drive continuous innovation within the market, providing health-conscious brands a competitive edge.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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