Global Menthol Powder Market was valued at USD 0.1 Billion in 2022 and is projected to reach USD 0.25 Billion by 2030, growing at a CAGR of 11% from 2024 to 2030.
The menthol powder market is experiencing significant growth due to the rising demand for menthol-based products in a variety of industries, including pharmaceuticals, cosmetics, and food & beverages. Menthol powder, derived from mint oils, provides a refreshing and cooling sensation, which is why it has become a popular ingredient in many products like cough drops, lotions, candies, and toothpaste. The global market for menthol powder is expected to continue growing as more consumers seek products that offer a cooling effect for health and wellness benefits.
One of the key drivers of the menthol powder market is the increasing use of menthol in the pharmaceutical industry. Menthol's soothing properties make it an essential ingredient in many medicines that relieve symptoms of cold, cough, and respiratory issues. Moreover, the rise in demand for natural and herbal products has also contributed to the growth of menthol powder in the market, as menthol is a naturally occurring compound that appeals to health-conscious consumers.
In addition to pharmaceuticals, menthol powder is widely used in cosmetics and personal care products. It is often included in lotions, creams, and shampoos due to its cooling effect and its ability to enhance the scent of products. The growing demand for skincare products, especially those that focus on cooling and refreshing properties, has expanded the application of menthol powder. Its use in cosmetics is expected to continue to rise as beauty and skincare trends lean toward refreshing, natural ingredients.
The food and beverage industry has also played a pivotal role in the menthol powder market. Menthol is used in products like chewing gum, candies, and beverages to provide a unique and refreshing taste. As consumer preference shifts towards innovative flavors, menthol's refreshing properties make it an ideal choice for new product formulations. With the increasing popularity of flavored drinks and confectionery, the market for menthol powder is expected to expand even further.
While there are numerous opportunities in the menthol powder market, challenges remain, particularly regarding sustainability and the production of menthol. Manufacturers are increasingly focused on developing more efficient and environmentally friendly production methods to meet consumer demand while addressing concerns related to sustainability.
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Agson Global
Symrise AG
Nantong Menthol Factory
Takasago
Tienyuan Chem
Arora Aromatics
Fengle Perfume
Yinfeng Pharma
Great Nation Essential Oils
Xiangsheng Perfume
BASF
Ifan Chem
Mentha & Allied Products
Neeru Enterprises
Vinayak
Hindustan Mint & Agro Products
A.G. Industries
Swati Menthol & Allied Chem
NecLife
Bhagat Aromatics
KM Chemicals
Silverline Chemicals
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Menthol Powder Market
Oral Hygiene
Pharmaceuticals
Tobacco
Confectionaries
Other
Based on Types the Market is categorized into Below types that held the largest Menthol Powder market share In 2023.
Natural Type
Synthetic Type
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Menthol Powder Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Menthol Powder Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Menthol Powder Market, By Type
6. Global Menthol Powder Market, By Application
7. Global Menthol Powder Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Menthol Powder Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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