The Synthetic Menthol Market is expected to register a CAGR of 4% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by form (dry and liquid). The report further presents analysis based on application (pharmaceuticals, oral care, food and beverages and others). The global analysis is further broken-down at regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis and segments. The report provides key statistics on the market status of the key market players and offers market trends and opportunities.
Purpose of the ReportThe report Synthetic Menthol Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Synthetic Menthol Market Segmentation
Form- Dry
- Liquid
- Pharmaceuticals
- Oral Care
- Food and Beverages
Strategic Insights
Synthetic Menthol Market Growth Drivers- Growing Demand in Personal Care: The increasing use of synthetic menthol in personal care products, including cosmetics, skincare, and oral care, is driving the market. Its cooling and soothing properties make it a popular ingredient in products like creams, lotions, and toothpaste, boosting demand across the personal care industry.
- Pharmaceutical Applications: Synthetic menthol is widely used in the pharmaceutical industry due to its cooling effects, which help in providing relief for sore throats, colds, and muscle pain. The expanding market for over-the-counter medicines, especially for respiratory and pain relief, is a key driver for synthetic menthol consumption.
- Rising Preference for Artificial Ingredients: The shift towards artificial ingredients due to their cost-effectiveness and consistent quality is driving the synthetic menthol market. Compared to natural menthol, synthetic menthol offers a more affordable and readily available alternative, meeting the needs of various industries like food, pharmaceuticals, and cosmetics.
- Health and Wellness Focus: As consumers become more health-conscious, synthetic menthol's cooling and soothing properties are being increasingly utilized in wellness products like essential oils, bath products, and dietary supplements. This trend is boosting demand for menthol-based formulations with therapeutic benefits, especially in the natural health sector.
- Sustainability in Production: There is a growing trend toward producing synthetic menthol in more environmentally friendly and energy-efficient ways. Manufacturers are exploring greener production methods, such as bio-based production, to meet consumer demand for sustainable products while reducing their carbon footprint, further contributing to the market’s growth.
- Use in Flavored Products: Synthetic menthol is increasingly being used in a wide range of flavored products, particularly in the food and beverage sector. It is gaining popularity for its refreshing minty flavor in chewing gums, candies, and drinks, as well as in vape products, expanding its application base.
- Emerging Markets Growth: The growing demand for synthetic menthol in emerging markets, especially in Asia-Pacific and Latin America, presents significant growth opportunities. These regions are witnessing increased consumption of menthol-based products in food, personal care, and pharmaceuticals, driven by rising disposable income and changing consumer preferences.
- Cosmetic Industry Innovations: The cosmetic industry's growing demand for cooling, soothing, and refreshing ingredients presents an opportunity for synthetic menthol. Its inclusion in skincare, hair care, and after-sun products provides growth potential, especially as consumers seek innovative formulations that offer instant relief from heat or irritation.
- Expansion in Respiratory Care: Synthetic menthol is increasingly used in respiratory care products like inhalers, cough syrups, and vapor rubs. With the rise in respiratory illnesses and an increasing focus on home care treatments, there is a growing opportunity for synthetic menthol in therapeutic applications, particularly in cold and flu relief.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Synthetic Menthol Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Synthetic Menthol Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Integration of advanced flavoring technologies is expected to be the key market trends
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
BASF SE; Mosselman SA; Symrise AG; Rochem International Inc; Tokyo Chemical Industry Co Ltd are some of the key players operating in the synthetic menthol market
On the basis of geography, the synthetic menthol market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America
Growing demand in the food and beverage industry is driving the market growth
The Synthetic Menthol Market is estimated to witness a CAGR of 4% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Synthetic Menthol Market - By Grade
1.3.2 Synthetic Menthol Market - By Application
1.3.3 Synthetic Menthol Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SYNTHETIC MENTHOL MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. SYNTHETIC MENTHOL MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. SYNTHETIC MENTHOL MARKET - GLOBAL MARKET ANALYSIS
6.1. SYNTHETIC MENTHOL - GLOBAL MARKET OVERVIEW
6.2. SYNTHETIC MENTHOL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SYNTHETIC MENTHOL MARKET - REVENUE AND FORECASTS TO 2028 - GRADE
7.1. OVERVIEW
7.2. GRADE MARKET FORECASTS AND ANALYSIS
7.3. PHARMACEUTICAL GRADE
7.3.1. Overview
7.3.2. Pharmaceutical Grade Market Forecast and Analysis
7.4. FOOD GRADE
7.4.1. Overview
7.4.2. Food Grade Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. SYNTHETIC MENTHOL MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. PHARMACEUTICALS
8.3.1. Overview
8.3.2. Pharmaceuticals Market Forecast and Analysis
8.4. FOOD AND BEVERAGES
8.4.1. Overview
8.4.2. Food and Beverages Market Forecast and Analysis
8.5. COSMETICS
8.5.1. Overview
8.5.2. Cosmetics Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. SYNTHETIC MENTHOL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Synthetic Menthol Market Overview
9.1.2 North America Synthetic Menthol Market Forecasts and Analysis
9.1.3 North America Synthetic Menthol Market Forecasts and Analysis - By Grade
9.1.4 North America Synthetic Menthol Market Forecasts and Analysis - By Application
9.1.5 North America Synthetic Menthol Market Forecasts and Analysis - By Countries
9.1.5.1 United States Synthetic Menthol Market
9.1.5.1.1 United States Synthetic Menthol Market by Grade
9.1.5.1.2 United States Synthetic Menthol Market by Application
9.1.5.2 Canada Synthetic Menthol Market
9.1.5.2.1 Canada Synthetic Menthol Market by Grade
9.1.5.2.2 Canada Synthetic Menthol Market by Application
9.1.5.3 Mexico Synthetic Menthol Market
9.1.5.3.1 Mexico Synthetic Menthol Market by Grade
9.1.5.3.2 Mexico Synthetic Menthol Market by Application
9.2. EUROPE
9.2.1 Europe Synthetic Menthol Market Overview
9.2.2 Europe Synthetic Menthol Market Forecasts and Analysis
9.2.3 Europe Synthetic Menthol Market Forecasts and Analysis - By Grade
9.2.4 Europe Synthetic Menthol Market Forecasts and Analysis - By Application
9.2.5 Europe Synthetic Menthol Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Synthetic Menthol Market
9.2.5.1.1 Germany Synthetic Menthol Market by Grade
9.2.5.1.2 Germany Synthetic Menthol Market by Application
9.2.5.2 France Synthetic Menthol Market
9.2.5.2.1 France Synthetic Menthol Market by Grade
9.2.5.2.2 France Synthetic Menthol Market by Application
9.2.5.3 Italy Synthetic Menthol Market
9.2.5.3.1 Italy Synthetic Menthol Market by Grade
9.2.5.3.2 Italy Synthetic Menthol Market by Application
9.2.5.4 United Kingdom Synthetic Menthol Market
9.2.5.4.1 United Kingdom Synthetic Menthol Market by Grade
9.2.5.4.2 United Kingdom Synthetic Menthol Market by Application
9.2.5.5 Russia Synthetic Menthol Market
9.2.5.5.1 Russia Synthetic Menthol Market by Grade
9.2.5.5.2 Russia Synthetic Menthol Market by Application
9.2.5.6 Rest of Europe Synthetic Menthol Market
9.2.5.6.1 Rest of Europe Synthetic Menthol Market by Grade
9.2.5.6.2 Rest of Europe Synthetic Menthol Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Synthetic Menthol Market Overview
9.3.2 Asia-Pacific Synthetic Menthol Market Forecasts and Analysis
9.3.3 Asia-Pacific Synthetic Menthol Market Forecasts and Analysis - By Grade
9.3.4 Asia-Pacific Synthetic Menthol Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Synthetic Menthol Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Synthetic Menthol Market
9.3.5.1.1 Australia Synthetic Menthol Market by Grade
9.3.5.1.2 Australia Synthetic Menthol Market by Application
9.3.5.2 China Synthetic Menthol Market
9.3.5.2.1 China Synthetic Menthol Market by Grade
9.3.5.2.2 China Synthetic Menthol Market by Application
9.3.5.3 India Synthetic Menthol Market
9.3.5.3.1 India Synthetic Menthol Market by Grade
9.3.5.3.2 India Synthetic Menthol Market by Application
9.3.5.4 Japan Synthetic Menthol Market
9.3.5.4.1 Japan Synthetic Menthol Market by Grade
9.3.5.4.2 Japan Synthetic Menthol Market by Application
9.3.5.5 South Korea Synthetic Menthol Market
9.3.5.5.1 South Korea Synthetic Menthol Market by Grade
9.3.5.5.2 South Korea Synthetic Menthol Market by Application
9.3.5.6 Rest of Asia-Pacific Synthetic Menthol Market
9.3.5.6.1 Rest of Asia-Pacific Synthetic Menthol Market by Grade
9.3.5.6.2 Rest of Asia-Pacific Synthetic Menthol Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Synthetic Menthol Market Overview
9.4.2 Middle East and Africa Synthetic Menthol Market Forecasts and Analysis
9.4.3 Middle East and Africa Synthetic Menthol Market Forecasts and Analysis - By Grade
9.4.4 Middle East and Africa Synthetic Menthol Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Synthetic Menthol Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Synthetic Menthol Market
9.4.5.1.1 South Africa Synthetic Menthol Market by Grade
9.4.5.1.2 South Africa Synthetic Menthol Market by Application
9.4.5.2 Saudi Arabia Synthetic Menthol Market
9.4.5.2.1 Saudi Arabia Synthetic Menthol Market by Grade
9.4.5.2.2 Saudi Arabia Synthetic Menthol Market by Application
9.4.5.3 U.A.E Synthetic Menthol Market
9.4.5.3.1 U.A.E Synthetic Menthol Market by Grade
9.4.5.3.2 U.A.E Synthetic Menthol Market by Application
9.4.5.4 Rest of Middle East and Africa Synthetic Menthol Market
9.4.5.4.1 Rest of Middle East and Africa Synthetic Menthol Market by Grade
9.4.5.4.2 Rest of Middle East and Africa Synthetic Menthol Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Synthetic Menthol Market Overview
9.5.2 South and Central America Synthetic Menthol Market Forecasts and Analysis
9.5.3 South and Central America Synthetic Menthol Market Forecasts and Analysis - By Grade
9.5.4 South and Central America Synthetic Menthol Market Forecasts and Analysis - By Application
9.5.5 South and Central America Synthetic Menthol Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Synthetic Menthol Market
9.5.5.1.1 Brazil Synthetic Menthol Market by Grade
9.5.5.1.2 Brazil Synthetic Menthol Market by Application
9.5.5.2 Argentina Synthetic Menthol Market
9.5.5.2.1 Argentina Synthetic Menthol Market by Grade
9.5.5.2.2 Argentina Synthetic Menthol Market by Application
9.5.5.3 Rest of South and Central America Synthetic Menthol Market
9.5.5.3.1 Rest of South and Central America Synthetic Menthol Market by Grade
9.5.5.3.2 Rest of South and Central America Synthetic Menthol Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SYNTHETIC MENTHOL MARKET, KEY COMPANY PROFILES
11.1. BASF SE
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. SYMRISE AG
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. TAKASAGO INTERNATIONAL CORPORATION
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. J M LOVERIDGE PLC
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. PROCTER AND GAMBLE
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. NATURAL SOURCING INC.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SPECTRUM CHEMICALS
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. VDH ORGANICS PRIVATE LIMITED
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. BHAGAT AROMATICS LTD
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. N.S.MINT PRODUCTS PVT. LTD.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. BASF SE
2. Symrise AG
3. Takasago International Corporation
4. J M Loveridge plc
5. Procter and Gamble
6. Natural Sourcing Inc.
7. Spectrum Chemicals
8. VDH Organics Private Limited
9. Bhagat Aromatics Ltd
10. N.S.Mint Products Pvt. Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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