Press release
Menthol Crystals Industry Trends, Sales, Supply, Demand, Analysis & Forecast to 2031
Menthol Crystals Market
In 2022, the global Menthol Crystals Market was valued at $4 billion USD and is expected to experience steady growth over the next decade due to increasing consumer demand for the product.
The Menthol Crystals Market has seen a significant rise in demand over the past few years. Menthol crystals are derived from the Mentha species of plants and are widely used in a variety of commercial applications, ranging from food and beverage flavoring to personal care products, such as soaps, balms, and lotions. Menthol crystals have also found increasing use in pharmaceuticals and as a flavoring agent for cigarettes.
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Global Menthol Crystals Market: Dynamics
Increasing demand for natural based products from cosmetics and pharmaceutical industry
Menthol crystals are majorly derived from natural sources and therefore these are gaining more importance in developed and developing markets. Increasing focus of manufacturers towards natural and sustainable products is pushing the growth of natural based products from various industries.
Cosmetic industry is highly regulated and therefore is demanding natural based raw materials for manufacturing cosmetic products. This is expected to drive the menthol crystals market in coming years
Number of benefits of menthol crystals in personal care industry and in homemade remedies
Menthol crystals are use in various personal care products because of its various benefits. Menthol crystals are used in massage oils to alleviate pain, it is also used in various carrier oils for reducing etching. Menthol crystals are also used for calming the sunburns and many other medicinal uses. These benefits of menthol crystals are accelerating its demand from personal care and pharmaceutical industry.
Menthol crystals market trends: Continuous research and new application development and increasing prices
Menthol crystals are natural based products and the major challenge is in getting sufficient yield from its sources. Continuous research is going on for improving extraction technologies of menthol oil from various mint plants. Large players in the market are also investing in development of new applications of menthol crystal in personal care and pharmaceutical industry.
Increasing demand and less supply of natural menthol crystals is moving the price trend in upward direction. However, penetration of synthetic menthol crystals in the market is balancing the price growth to an extent.
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Global Menthol Crystals Market Segmentation
Application
• Ointments
• Cough Drops
• Nasal Inhalers
• Foods
• Cigarettes
• Liqueurs
• Cosmetics
• Perfumes
Region
• North America (U.S., Canada)
• Latin America (Mexico, Brazil, Argentina, Chile, Peru)
• Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordics)
• Eastern Europe (Russia, Poland, CIS)
• Asia-Pacific (China, India, ASEAN, South Korea)
• Japan
• Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
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Key Players-
• Mannix Marketing, Inc.
• Majestic Mountain Sage Inc.
• Tenda Horse Products LLC.
• F. SUTER & CO. LTD
• SILVERLINE CHEMICALS
• Archer Daniels Midland
• Hershey
• Barry Callebaut
• Lindt & Sprungli
• Olam International
• Nestle
• Wrigley Jr. Company
• Gold Cost Ingredients, Inc
• Kanegrade Limited
• Vital Flavours
• Ricola
The global market research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies.
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