What is Natural Menthol Market Scope?
Natural menthol is isolated from the flowering plants of the Mentha genus. It is a waxy, crystalline substance, clear or white in color, which is solid at room temperature and melts slightly above. Additionally, natural menthol has physiological properties, most notable of which are topical cooling and anesthetic effects through the activation of TRPM8 sensory nerve receptors. Menthol is the most commonly marketed cigarette flavor, representing approximately 10% of the global cigarette market this is anticipating the growth of the natural menthol market over the forecast period.
The Natural Menthol market study is being classified by Type (Food Grade Menthol and Pharmaceutical Grade Menthol), by Application (Pharmaceuticals, Confectionaries, Tobacco, Oral Hygiene and Other) and major geographies with country level break-up.
The Vendors having a strong hold in the market are BASF SE, Symrise AG, Nantong Menthol Factory, and Takasago. Analysts at AMA predicts that Vendors from Asian will contribute to the maximum growth of Global Natural Menthol market throughout the predicted period.
BASF SE (Germany), Symrise AG (Germany), Nantong Menthol Factory (China), Takasago (Japan), Tienyuan Chem (Singapore), Arora Aromatics (India), Fengle Perfume (China), Swati Menthol & Allied Chem (India), Nectar Lifesciences Ltd (India) and Bhagat Aromatics (India) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Silverline Chemicals (India) and KM Chemicals (India).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Natural Menthol market by Type, Application and Region.
On the basis of geography, the market of Natural Menthol 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).
On 03, May 2019, TasteTech team up with BASF, where it launched a new line of powdered L-menthol in three formats. It also offers natural and synthetic menthol which are applicable in different food industries.
According to the Food & Drugs Association, it plans to propose a ban on menthol cigarettes, including a ban on sales of most flavored e-cigarettes, except menthol and mint, at retail stores and gas stations across the Canada region.
Influencing Market Trend
- Growing Demand for Natural Menthol from the Emerging Economies like India and China
Market Drivers
- Increasing Urbanization and Rising Disposal Income of People Globally
- Rising Demand from the Pharmaceutical Industry
Opportunities
- Increasing Use of Natural Menthol for Tobacco and Cigarettes creates Opportunity For Market
Restraints
- High Cost of Natural Menthol
Challenges
- Strict Government Regulations Associated with Natural Menthol
Key Target Audience
Natural Menthol Manufacturers, Natural Menthol Traders, End-Use Market Participants of Different Segments of Natural Menthol, Government and Research Organizations, R&D Institutions and Others
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