Market Snapshot:
Menthol is an organic compound whose chemical formula is C10H20O that occurs naturally in mint and some other plants. It can be extracted from the leaves by distillation, and it can be made synthetically. Pure menthol is a crystalline solid. Menthol market is expected to mark significant growth over forecasted period owing to increasing consumers spending on high medical and nutritional value, providing decongestant formulations for throat and chest and cooling effect in personal care products. There has been significant rise in 80% of African-American smokers use mentholated cigarettes, compared to less than 30% of Caucasian smokers in United States alone in 2018, the future for methanol looks promising. Further, increasing demand for the synthetic methanol expected to drive the market growth over the forecasted period.The research analyst at AMA estimates Menthol market to grow at a compounded annual growth rate of 5.9%
Segment Analysis
AMA Research have segmented the market of Global Menthol market by Type, Application and Region.
On the basis of geography, the market of 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). North America region held largest market share in the year 2020. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Trend
Increasing demands of menthol at Asia-Pacific regions
Market Drivers
Increase Number of Urbanization Leads to Boost the Menthol Market. and Rapid Demand of Personnel Care Products.
Opportunities
Rising Demand for Reduce Itching And Mouth Irritation. and Upsurge Demand of Synthetic Menthol.
Restraints
- High Cost Associated Within Menthol.
- Side Effects Associated Within Menthol Products.
In addition to the aforementioned factor, Increase Number of Urbanization Leads to Boost the Menthol Market.
is expected to propel the growth of the market over the forecast period.
The key Vendors profiled in the study are Agson Global (India), Symrise AG (Germany), Nantong Menthol Factory (China), Takasago (Japan), Tienyuan Chem (Singapore), Arora Aromatics (India), Fengle Perfume (China) and Swati Menthol & Allied Chem (India). A lot of India players are profiled in the research study indicating a strong market dependence.