| Product Code: ETC4687609 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Cyprus continues to rely on key exporters such as Germany, Canada, and Greece for its menthol imports in 2024. The high concentration of the Herfindahl-Hirschman Index (HHI) indicates a market dominated by a few major players. Despite a negative Compound Annual Growth Rate (CAGR) from 2020-24, there was a significant rebound in growth with a rate of 13.75% in 2024, showcasing potential opportunities for the menthol import market in Cyprus.

The Menthol market in Cyprus is projected to grow at a stable growth rate of 1.76% by 2027, highlighting the country's increasing focus on advanced technologies within the Europe region, where Germany holds the dominant position, followed closely by United Kingdom, France, Italy and Russia, shaping overall regional demand.

The menthol market in Cyprus serves the pharmaceutical, cosmetic, and food industries. Menthol is widely used for its cooling properties in products like cough syrups, topical creams, and personal care items.
The menthol market in Cyprus benefits from its applications in pharmaceuticals, personal care products, and food and beverages. Menthols soothing and cooling properties make it popular in products like cough drops, skincare items, and confectioneries, supporting market growth.
Challenges in the menthol market in Cyprus are driven by limited domestic production capabilities and reliance on imports. The market is also susceptible to fluctuations in international menthol prices, which can affect the availability and cost of menthol products. Additionally, competition from alternative flavors and essential oils in consumer products such as toothpaste and confectionery restricts the demand for menthol.
Agricultural policies in Cyprus support the cultivation and processing of menthol, particularly for use in pharmaceuticals and personal care products, with export incentives for local producers.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cyprus Menthol Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus Menthol Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus Menthol Market - Industry Life Cycle |
3.4 Cyprus Menthol Market - Porter's Five Forces |
3.5 Cyprus Menthol Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.6 Cyprus Menthol Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Cyprus Menthol Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cyprus Menthol Market Trends |
6 Cyprus Menthol Market Segmentations |
6.1 Cyprus Menthol Market, By Form |
6.1.1 Overview and Analysis |
6.1.2 Cyprus Menthol Market Revenues & Volume, By Crystalline Solid, 2021-2031F |
6.1.3 Cyprus Menthol Market Revenues & Volume, By Powder, 2021-2031F |
6.1.4 Cyprus Menthol Market Revenues & Volume, By Liquid, 2021-2031F |
6.2 Cyprus Menthol Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Cyprus Menthol Market Revenues & Volume, By Medical Products, 2021-2031F |
6.2.3 Cyprus Menthol Market Revenues & Volume, By Flavoring/Additives, 2021-2031F |
6.2.4 Cyprus Menthol Market Revenues & Volume, By Oral Care, 2021-2031F |
6.2.5 Cyprus Menthol Market Revenues & Volume, By Others, 2021-2031F |
7 Cyprus Menthol Market Import-Export Trade Statistics |
7.1 Cyprus Menthol Market Export to Major Countries |
7.2 Cyprus Menthol Market Imports from Major Countries |
8 Cyprus Menthol Market Key Performance Indicators |
9 Cyprus Menthol Market - Opportunity Assessment |
9.1 Cyprus Menthol Market Opportunity Assessment, By Form, 2021 & 2031F |
9.2 Cyprus Menthol Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Cyprus Menthol Market - Competitive Landscape |
10.1 Cyprus Menthol Market Revenue Share, By Companies, 2024 |
10.2 Cyprus Menthol Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
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