Global Mint and Menthol Market - Industry Trends and Forecast to 2029

Global Mint and Menthol Market - Industry Trends and Forecast to 2029
Mint and menthol is a recreational food that is chewed solely for the desire to masticate. Consumers are looking for functional benefits from gum as they become more health conscious. Some Mint and Menthols on the market promote the product's functional benefits of keeping teeth clean. There are also nicotine gum mint and menthols that are used by consumers who want to quit smoking. Teeth whitening Mint and Menthol is the most popular functional gum, accounting for more than half of all sales, followed by nicotine gum.
Data Bridge Market Research analyses that the mint and menthol market was valued at USD 39.13 billion in 2021 and is expected to reach the value of USD 59.15 billion by 2029, at a CAGR of 5.30% during the forecast period. With the passage of time, there has been a significant shift from simple product groups to sugar-free products, allowing manufacturers to meet the changing needs of consumers and creating a plethora of opportunities in the market. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
Mint and Menthol Market Regional Analysis/Insights
The mint and menthol market is analysed and market size insights and trends are provided by country, type, product, application and distribution channel as referenced above.
The countries covered in the mint and menthol market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Global (APAC) in the Global (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America held the largest share of the market. This segment's growth is due to factors such as mint production dominance. The United States produces between 65 and 70 percent of the world's mints. Confectionery items such as candy canes have also drawn the attention of a variety of consumers. Furthermore, the United States is the world's largest methanol consumer. However, Asia-Pacific is expected to be the fastest-growing segment. This increase is due to the rising popularity of flavoured cigarettes, rising confectionery consumption, an expanding middle-class, increasing pressure on governments of large carbon-emitting countries like India and China to reduce emissions, and an increase in the prevalence of health complications as the population ages.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Mint and Menthol Market Share Analysis
The mint and menthol market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to mint and menthol market.
Some of the major players operating in the mint and menthol market are:
• The Hershey Company (U.S.)
• Perfetti Van Melle Group B.V. (Italy)
• Mondelez International, Inc (U.S.)
• Lotte Corporation (Japan)
• The PUR Company Inc. (Canada)
• Mars Incorporated (U.S.)
• Health Made Easy Group (U.K.)
• Ferndale Confectionery Pty Ltd (Australia)
• Ferrero SpA (Italy)
• Verve, Inc. (U.S.)
• Kraft Foods Inc (U.S.)
• Haribo GmbH & Co. Kg (Germany)
• The Wm. Wrigley Jr. Company (U.S.)
• Topps Company Inc. (U.S.)
• Simply Gum Inc. (U.S.)

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