Product Code: ETC13368261 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Synthetic Menthol Market was valued at USD 5.6 Billion in 2024 and is expected to reach USD 8.1 Billion by 2031, growing at a compound annual growth rate of 7.60% during the forecast period (2025-2031).
The Global Synthetic Menthol Market is witnessing steady growth driven by the rising demand for menthol in various industries such as pharmaceuticals, cosmetics, and food & beverages. Synthetic menthol, produced through chemical synthesis, offers a cost-effective and sustainable alternative to natural menthol derived from mint plants. The market is propelled by the increasing use of menthol in pain relief ointments, oral care products, and flavoring agents. Key market players are focusing on expanding their production capacities and improving product quality to meet the growing demand. Additionally, the rising trend of incorporating menthol in personal care products for its cooling and soothing properties is further driving the market growth. Factors such as changing consumer preferences towards natural ingredients and stringent regulations on synthetic chemicals may pose challenges to market expansion in the future.
The Global Synthetic Menthol Market is experiencing significant growth due to the increasing demand for menthol-based products in various industries such as pharmaceuticals, food and beverages, personal care, and cosmetics. The market is driven by the rising awareness regarding the health benefits of menthol, such as its analgesic and cooling properties. Additionally, the growing popularity of natural and organic products is leading to a shift towards synthetic menthol as a cost-effective and sustainable alternative to natural sources. Opportunities in the market lie in the development of innovative menthol-based products, especially in the pharmaceutical and cosmetic sectors, as well as expanding market presence in emerging economies. Key players in the market are focusing on product development, strategic collaborations, and mergers and acquisitions to strengthen their market position.
The Global Synthetic Menthol Market faces several challenges, including increasing competition from natural menthol derived from plants like peppermint, which is perceived as more environmentally friendly and sustainable. Regulatory hurdles related to the approval and use of synthetic menthol in various industries also pose a challenge, as stringent regulations and restrictions can limit market growth. Additionally, fluctuating raw material prices and the volatility of the menthol market can impact the profitability and production costs for synthetic menthol manufacturers. Moreover, consumer preferences shifting towards natural and organic products further complicate the market landscape for synthetic menthol producers, requiring them to innovate and differentiate their offerings to remain competitive in the market.
The global synthetic menthol market is primarily driven by the increasing demand for menthol in various industries such as pharmaceuticals, food and beverages, and personal care products. The versatile applications of synthetic menthol, including its use as a flavoring agent, fragrance enhancer, and cooling agent, have contributed to its growing popularity. Additionally, the rising awareness regarding the benefits of menthol, such as its soothing properties and its ability to provide relief from cold and cough symptoms, has further boosted its demand. The market is also propelled by the expanding cosmetics industry and the growing trend of incorporating menthol in skincare and haircare products for its cooling and refreshing effects. Overall, the market is expected to continue its growth trajectory due to the multifaceted uses and advantages of synthetic menthol across various sectors.
Government policies related to the Global Synthetic Menthol Market vary by country and region. Some governments have regulations in place to monitor the production, import, and sale of synthetic menthol to ensure product quality and safety standards are met. Additionally, certain countries may have restrictions on the use of synthetic menthol in specific industries such as food and pharmaceuticals. Environmental regulations also play a role in governing the production and disposal of synthetic menthol to minimize its impact on ecosystems. Overall, government policies aim to balance the economic benefits of the synthetic menthol market with public health and environmental concerns to promote sustainable growth in the industry.
The Global Synthetic Menthol Market is expected to witness steady growth in the coming years due to the increasing demand for menthol-based products in various industries such as pharmaceuticals, food and beverages, and personal care. The market is driven by the rising consumer preference for natural and organic products, as well as the growing awareness of the health benefits associated with menthol. Additionally, the use of synthetic menthol as a substitute for natural menthol in certain applications is anticipated to further drive market growth. However, factors such as fluctuating raw material prices and regulatory restrictions on synthetic ingredients may pose challenges to market expansion. Overall, the Global Synthetic Menthol Market is projected to experience moderate growth, fueled by increasing product innovation and expanding application areas.
In the global synthetic menthol market, Asia Pacific is expected to dominate in terms of consumption and production, driven by the presence of major menthol manufacturers in countries like India and China. North America and Europe are also significant markets for synthetic menthol, mainly due to the high demand for menthol-based products in the pharmaceutical and personal care industries. The Middle East and Africa region is witnessing a growing demand for synthetic menthol, particularly in the cosmetic and food and beverage sectors. Latin America is also a key market for synthetic menthol, with increasing applications in the oral care and confectionery industries. Overall, the global synthetic menthol market is projected to witness steady growth across all regions, fueled by the rising demand for menthol in various end-use industries.
Global Synthetic Menthol Market |
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 Global Synthetic Menthol Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Synthetic Menthol Market Revenues & Volume, 2021 & 2031F |
3.3 Global Synthetic Menthol Market - Industry Life Cycle |
3.4 Global Synthetic Menthol Market - Porter's Five Forces |
3.5 Global Synthetic Menthol Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Synthetic Menthol Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Global Synthetic Menthol Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Global Synthetic Menthol Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.9 Global Synthetic Menthol Market Revenues & Volume Share, By Function, 2021 & 2031F |
4 Global Synthetic Menthol Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Synthetic Menthol Market Trends |
6 Global Synthetic Menthol Market, 2021 - 2031 |
6.1 Global Synthetic Menthol Market, Revenues & Volume, By Product Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Synthetic Menthol Market, Revenues & Volume, By Synthetic Menthol Crystals, 2021 - 2031 |
6.1.3 Global Synthetic Menthol Market, Revenues & Volume, By Menthol Concentrates, 2021 - 2031 |
6.2 Global Synthetic Menthol Market, Revenues & Volume, By Application, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Synthetic Menthol Market, Revenues & Volume, By Pharmaceuticals, 2021 - 2031 |
6.2.3 Global Synthetic Menthol Market, Revenues & Volume, By Food & Beverages, 2021 - 2031 |
6.3 Global Synthetic Menthol Market, Revenues & Volume, By Source, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Synthetic Menthol Market, Revenues & Volume, By Peppermint Oil, 2021 - 2031 |
6.3.3 Global Synthetic Menthol Market, Revenues & Volume, By Synthetic Menthol, 2021 - 2031 |
6.4 Global Synthetic Menthol Market, Revenues & Volume, By Function, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Synthetic Menthol Market, Revenues & Volume, By Cooling Sensation, 2021 - 2031 |
6.4.3 Global Synthetic Menthol Market, Revenues & Volume, By Flavoring, 2021 - 2031 |
7 North America Synthetic Menthol Market, Overview & Analysis |
7.1 North America Synthetic Menthol Market Revenues & Volume, 2021 - 2031 |
7.2 North America Synthetic Menthol Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Synthetic Menthol Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Synthetic Menthol Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Synthetic Menthol Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Synthetic Menthol Market, Revenues & Volume, By Product Type, 2021 - 2031 |
7.4 North America Synthetic Menthol Market, Revenues & Volume, By Application, 2021 - 2031 |
7.5 North America Synthetic Menthol Market, Revenues & Volume, By Source, 2021 - 2031 |
7.6 North America Synthetic Menthol Market, Revenues & Volume, By Function, 2021 - 2031 |
8 Latin America (LATAM) Synthetic Menthol Market, Overview & Analysis |
8.1 Latin America (LATAM) Synthetic Menthol Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Synthetic Menthol Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Synthetic Menthol Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Synthetic Menthol Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Synthetic Menthol Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Synthetic Menthol Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Synthetic Menthol Market, Revenues & Volume, By Product Type, 2021 - 2031 |
8.4 Latin America (LATAM) Synthetic Menthol Market, Revenues & Volume, By Application, 2021 - 2031 |
8.5 Latin America (LATAM) Synthetic Menthol Market, Revenues & Volume, By Source, 2021 - 2031 |
8.6 Latin America (LATAM) Synthetic Menthol Market, Revenues & Volume, By Function, 2021 - 2031 |
9 Asia Synthetic Menthol Market, Overview & Analysis |
9.1 Asia Synthetic Menthol Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Synthetic Menthol Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Synthetic Menthol Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Synthetic Menthol Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Synthetic Menthol Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Synthetic Menthol Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Synthetic Menthol Market, Revenues & Volume, By Product Type, 2021 - 2031 |
9.4 Asia Synthetic Menthol Market, Revenues & Volume, By Application, 2021 - 2031 |
9.5 Asia Synthetic Menthol Market, Revenues & Volume, By Source, 2021 - 2031 |
9.6 Asia Synthetic Menthol Market, Revenues & Volume, By Function, 2021 - 2031 |
10 Africa Synthetic Menthol Market, Overview & Analysis |
10.1 Africa Synthetic Menthol Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Synthetic Menthol Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Synthetic Menthol Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Synthetic Menthol Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Synthetic Menthol Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Synthetic Menthol Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Synthetic Menthol Market, Revenues & Volume, By Product Type, 2021 - 2031 |
10.4 Africa Synthetic Menthol Market, Revenues & Volume, By Application, 2021 - 2031 |
10.5 Africa Synthetic Menthol Market, Revenues & Volume, By Source, 2021 - 2031 |
10.6 Africa Synthetic Menthol Market, Revenues & Volume, By Function, 2021 - 2031 |
11 Europe Synthetic Menthol Market, Overview & Analysis |
11.1 Europe Synthetic Menthol Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Synthetic Menthol Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Synthetic Menthol Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Synthetic Menthol Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Synthetic Menthol Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Synthetic Menthol Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Synthetic Menthol Market, Revenues & Volume, By Product Type, 2021 - 2031 |
11.4 Europe Synthetic Menthol Market, Revenues & Volume, By Application, 2021 - 2031 |
11.5 Europe Synthetic Menthol Market, Revenues & Volume, By Source, 2021 - 2031 |
11.6 Europe Synthetic Menthol Market, Revenues & Volume, By Function, 2021 - 2031 |
12 Middle East Synthetic Menthol Market, Overview & Analysis |
12.1 Middle East Synthetic Menthol Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Synthetic Menthol Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Synthetic Menthol Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Synthetic Menthol Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Synthetic Menthol Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Synthetic Menthol Market, Revenues & Volume, By Product Type, 2021 - 2031 |
12.4 Middle East Synthetic Menthol Market, Revenues & Volume, By Application, 2021 - 2031 |
12.5 Middle East Synthetic Menthol Market, Revenues & Volume, By Source, 2021 - 2031 |
12.6 Middle East Synthetic Menthol Market, Revenues & Volume, By Function, 2021 - 2031 |
13 Global Synthetic Menthol Market Key Performance Indicators |
14 Global Synthetic Menthol Market - Export/Import By Countries Assessment |
15 Global Synthetic Menthol Market - Opportunity Assessment |
15.1 Global Synthetic Menthol Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Synthetic Menthol Market Opportunity Assessment, By Product Type, 2021 & 2031F |
15.3 Global Synthetic Menthol Market Opportunity Assessment, By Application, 2021 & 2031F |
15.4 Global Synthetic Menthol Market Opportunity Assessment, By Source, 2021 & 2031F |
15.5 Global Synthetic Menthol Market Opportunity Assessment, By Function, 2021 & 2031F |
16 Global Synthetic Menthol Market - Competitive Landscape |
16.1 Global Synthetic Menthol Market Revenue Share, By Companies, 2024 |
16.2 Global Synthetic Menthol Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |