Menthyl Lactate Market size was valued at USD 160 Million in 2024 and is forecasted to grow at a CAGR of 5.5% from 2026 to 2033, reaching USD 250 Million by 2033.
The Menthyl Lactate market size was valued at USD 90.6 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.2% from 2023 to 2030. The increasing demand for Menthyl Lactate in personal care, cosmetics, and pharmaceutical industries, primarily due to its cooling sensation properties, is driving market expansion. The markets growth is supported by its rising applications in soothing skincare products, oral care formulations, and as a flavoring agent in food and beverages. By 2030, the market is projected to reach approximately USD 136.4 million, fueled by the growing consumer preference for natural and safe ingredients.
The regional distribution of the Menthyl Lactate market reveals a strong presence in North America, followed by Europe and Asia Pacific. North America accounted for 40% of the market share in 2022, owing to the widespread use of Menthyl Lactate in personal care products and pharmaceutical applications. Europe also holds a significant market share, with an increasing demand for cooling agents in cosmetics and skin care. The Asia Pacific region is expected to experience the highest growth rate, driven by the rising demand for cosmetic and personal care products, especially in emerging economies such as China and India. The global expansion of cosmetic product lines is further contributing to the increasing regional share of Menthyl Lactate.
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A＆A Fratelli Parodi
Sino Lion
Jeen International
Symrise
SOHO ANECO Chemicals
Aako
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. 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 Menthyl Lactate Market
High Purity Menthyl Lactate
Crude Menthyl Lactate
Cosmetics and Personal Care
Food and Beverage
Pharmaceuticals
Industrial Applications
Cosmetics Industry
Food Industry
Pharmaceutical Industry
Industrial Chemicals
Liquid Formulations
Solid Formulations
Synthetic Sources
Natural Sources
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, 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 Menthyl Lactate 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 Menthyl Lactate Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Menthyl Lactate Market, By Type
6. Global Menthyl Lactate Market, By Application
7. Global Menthyl Lactate Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Menthyl Lactate Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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