Menthol Market Key Players, Trends, Growth Opportunities and
Industry Forecast till 2023
“The factors that are playing a major role in the growth of
the market are the growing demand for fast moving
consumer goods like pharmaceutical products, food &
beverages, and personal care.”
Global menthol market is expected to grow at a significant CAGR in the upcoming period as the scope and
its applications are rising enormously across the globe. Menthol is also termed as “peppermint camphor”, a
terpene alcohol with a strong minty taste and cooling odor. It is mainly obtained from peppermint oil and is
produced synthetically by hydrogenation of thymol. It is exclusively used medicinally in nasal inhalers,
ointments, and cough drops.
The factors that are playing a major role in the growth of the market are the growing demand for fast moving
consumer goods like pharmaceutical products, food & beverages, and personal care. However, the growing
awareness regarding the harmful effects of over dosage of menthol may restrain overall market growth in
the years to come. Menthol market is segmented based on product type, application, and region.
Synthetic and natural are the product types that could be explored in menthol market in the forecast period.
The natural sector accounted for the substantial market share of menthol and is estimated to continue its
dominance in the years to come.
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The market may be categorized based on applications like personal care products, pharmaceuticals, food &
beverages, oral hygiene, confectionaries, and others could be explored in the forecast period. The personal care
sector accounted for the substantial market share of menthol and is estimated to lead the overall market in the
years to come. In addition, oral hygiene is estimated to grow at the fastest pace in the years to come.