Synthetic Menthol Market to Reach US$ 336 Million by 2031 Driven by Strong Demand from Oral Care, Pharmaceuticals, and Food Applications

Market Summary -
The global Synthetic Menthol market was estimated to be worth US$ 229 million in 2024 and is projected to reach a readjusted size of US$ 336 million by 2031, expanding at a CAGR of 5.6% during the forecast period 2025-2031.

According to QY Research, the newly published report titled "Synthetic Menthol Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031" delivers a comprehensive, data-driven assessment of the global synthetic menthol industry. The report evaluates historical performance alongside future projections, offering actionable insights into market dynamics, competitive positioning, regional trends, and evolving application demand. Designed to support informed strategic decision-making, the study serves manufacturers, distributors, investors, and downstream industry participants seeking clarity on growth opportunities and risks within the synthetic menthol market.

Get Full PDF Sample Copy of the Report (Including Full TOC, Tables & Charts):
https://www.qyresearch.in/request-sample/chemical-material-synthetic-menthol-market-share-and-ranking-overall-sales-and-demand-forecast-2025-2031

Industry Overview -
Menthol is a crystalline organic compound widely recognized for its cooling sensation, refreshing aroma, and therapeutic properties. While menthol can be extracted from natural sources such as corn mint and peppermint oil, synthetic menthol has gained prominence due to its consistent quality, scalable production, and stable pricing. This report focuses exclusively on synthetic menthol, which is produced through chemical synthesis routes and is increasingly preferred in large-volume industrial applications.

Synthetic menthol is primarily classified into food grade and pharmaceutical grade, with food grade menthol accounting for approximately 87% of total sales. Structurally, the market is dominated by L-Menthol, which represents nearly 95% of global sales volume, owing to its superior sensory characteristics and broader acceptance across end-use industries.

Market Drivers and Growth Dynamics -
The growth of the synthetic menthol market is strongly supported by rising demand from oral hygiene products, which represent the largest application segment, accounting for about 57% of global consumption. Toothpaste, mouthwash, and other oral care formulations rely heavily on menthol for flavor enhancement and freshness.

Additional growth drivers include expanding usage in pharmaceuticals, where menthol is valued for its analgesic, decongestant, and anti-inflammatory properties, as well as in cosmetics and personal care products such as creams, lotions, and balms. The food and beverage industry also continues to adopt synthetic menthol as a flavoring agent in confectionery, chewing gum, and beverages, supporting steady demand growth.

Furthermore, synthetic menthol benefits from supply reliability and cost efficiency compared to natural menthol, which is subject to agricultural yield fluctuations and climatic risks. These advantages are encouraging manufacturers to increasingly shift toward synthetic alternatives.

Market Challenges and Risk Factors -
Despite favorable growth prospects, the synthetic menthol market faces several challenges. Regulatory scrutiny related to flavoring agents-particularly in tobacco, vaping, and food products-may impact demand patterns in certain regions. In addition, consumer preference trends toward "natural" ingredients in cosmetics and food products could create competitive pressure from natural menthol substitutes.

Volatility in raw material prices and energy costs may also affect production economics, while environmental regulations governing chemical manufacturing continue to raise compliance requirements for producers.

Competitive Landscape -
The global synthetic menthol market is moderately consolidated, with leading multinational chemical and flavor & fragrance companies holding significant market share. Key players include BASF, Symrise, Takasago, and WanHua Chemical, which leverage advanced synthesis technologies, global distribution networks, and strong customer relationships to maintain their competitive positions.

These companies continue to invest in process optimization, product purity enhancement, and capacity expansion to meet growing global demand.

Market Segmentation -

By Type -
â–º L-Menthol
â–º D/L-Menthol

By Application -
â–º Pharmaceuticals
â–º Cosmetics
â–º Oral Hygiene
â–º Food and Beverages
â–º Others

The report provides detailed analysis of each segment, highlighting demand drivers, growth potential, and shifting application trends.

Regional Analysis -
✔ North America (U.S., Canada, Mexico)
✔ Europe (Germany, France, UK, Italy, etc.)
✔ Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
✔ South America (Brazil, etc.)
✔ Middle East and Africa (Turkey, GCC Countries, Africa, etc.)

Asia Pacific continues to play a critical role in production and consumption, while North America and Europe remain key markets driven by established pharmaceutical, personal care, and food industries.

Reasons to Procure this Report -
â–º Gain a clear understanding of global synthetic menthol demand and pricing trends
â–º Identify high-growth application segments such as oral hygiene and pharmaceuticals
â–º Analyze competitive positioning of major global manufacturers
â–º Evaluate regional market opportunities and supply chain developments
â–º Support strategic planning with reliable forecasts through 2031

Key Questions Answered in the Report -
â–º What will be the growth trajectory of the synthetic menthol market through 2031?
â–º Which applications and regions will drive future demand?
â–º How is the competitive landscape evolving among leading producers?
â–º What regulatory and consumer trends could impact market expansion?
â–º How do synthetic and natural menthol dynamics influence pricing and adoption?

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Table of Content:

1 Market Overview
1.1 Synthetic Menthol Product Introduction
1.2 Global Synthetic Menthol Market Size Forecast
1.2.1 Global Synthetic Menthol Sales Value (2020-2031)
1.2.2 Global Synthetic Menthol Sales Volume (2020-2031)
1.2.3 Global Synthetic Menthol Sales Price (2020-2031)
1.3 Synthetic Menthol Market Trends & Drivers
1.3.1 Synthetic Menthol Industry Trends
1.3.2 Synthetic Menthol Market Drivers & Opportunity
1.3.3 Synthetic Menthol Market Challenges
1.3.4 Synthetic Menthol Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Synthetic Menthol Players Revenue Ranking (2024)
2.2 Global Synthetic Menthol Revenue by Company (2020-2025)
2.3 Global Synthetic Menthol Players Sales Volume Ranking (2024)
2.4 Global Synthetic Menthol Sales Volume by Company Players (2020-2025)
2.5 Global Synthetic Menthol Average Price by Company (2020-2025)
2.6 Key Manufacturers Synthetic Menthol Manufacturing Base and Headquarters
2.7 Key Manufacturers Synthetic Menthol Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Synthetic Menthol
2.9 Synthetic Menthol Market Competitive Analysis
2.9.1 Synthetic Menthol Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Synthetic Menthol Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Synthetic Menthol as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 L-Menthol
3.1.2 D/L-Menthol
3.2 Global Synthetic Menthol Sales Value by Type
3.2.1 Global Synthetic Menthol Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Synthetic Menthol Sales Value, by Type (2020-2031)
3.2.3 Global Synthetic Menthol Sales Value, by Type (%) (2020-2031)
3.3 Global Synthetic Menthol Sales Volume by Type
3.3.1 Global Synthetic Menthol Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Synthetic Menthol Sales Volume, by Type (2020-2031)
3.3.3 Global Synthetic Menthol Sales Volume, by Type (%) (2020-2031)
3.4 Global Synthetic Menthol Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Pharmaceuticals
4.1.2 Cosmetics
4.1.3 Oral Hygiene
4.1.4 Food and Beverages
4.1.5 Others
4.2 Global Synthetic Menthol Sales Value by Application
4.2.1 Global Synthetic Menthol Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Synthetic Menthol Sales Value, by Application (2020-2031)
4.2.3 Global Synthetic Menthol Sales Value, by Application (%) (2020-2031)
4.3 Global Synthetic Menthol Sales Volume by Application
4.3.1 Global Synthetic Menthol Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Synthetic Menthol Sales Volume, by Application (2020-2031)
4.3.3 Global Synthetic Menthol Sales Volume, by Application (%) (2020-2031)
4.4 Global Synthetic Menthol Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global Synthetic Menthol Sales Value by Region
5.1.1 Global Synthetic Menthol Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Synthetic Menthol Sales Value by Region (2020-2025)
5.1.3 Global Synthetic Menthol Sales Value by Region (2026-2031)
5.1.4 Global Synthetic Menthol Sales Value by Region (%), (2020-2031)
5.2 Global Synthetic Menthol Sales Volume by Region
5.2.1 Global Synthetic Menthol Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Synthetic Menthol Sales Volume by Region (2020-2025)
5.2.3 Global Synthetic Menthol Sales Volume by Region (2026-2031)
5.2.4 Global Synthetic Menthol Sales Volume by Region (%), (2020-2031)
5.3 Global Synthetic Menthol Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Synthetic Menthol Sales Value, 2020-2031
5.4.2 North America Synthetic Menthol Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Synthetic Menthol Sales Value, 2020-2031
5.5.2 Europe Synthetic Menthol Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Synthetic Menthol Sales Value, 2020-2031
5.6.2 Asia Pacific Synthetic Menthol Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Synthetic Menthol Sales Value, 2020-2031
5.7.2 South America Synthetic Menthol Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Synthetic Menthol Sales Value, 2020-2031
5.8.2 Middle East & Africa Synthetic Menthol Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Synthetic Menthol Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Synthetic Menthol Sales Value and Sales Volume
6.2.1 Key Countries/Regions Synthetic Menthol Sales Value, 2020-2031
6.2.2 Key Countries/Regions Synthetic Menthol Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Synthetic Menthol Sales Value, 2020-2031
6.3.2 United States Synthetic Menthol Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Synthetic Menthol Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Synthetic Menthol Sales Value, 2020-2031
6.4.2 Europe Synthetic Menthol Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Synthetic Menthol Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Synthetic Menthol Sales Value, 2020-2031
6.5.2 China Synthetic Menthol Sales Value by Type (%), 2024 VS 2031
6.5.3 China Synthetic Menthol Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Synthetic Menthol Sales Value, 2020-2031
6.6.2 Japan Synthetic Menthol Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Synthetic Menthol Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Synthetic Menthol Sales Value, 2020-2031
6.7.2 South Korea Synthetic Menthol Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Synthetic Menthol Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Synthetic Menthol Sales Value, 2020-2031
6.8.2 Southeast Asia Synthetic Menthol Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Synthetic Menthol Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Synthetic Menthol Sales Value, 2020-2031
6.9.2 India Synthetic Menthol Sales Value by Type (%), 2024 VS 2031
6.9.3 India Synthetic Menthol Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 BASF
7.1.1 BASF Company Information
7.1.2 BASF Introduction and Business Overview
7.1.3 BASF Synthetic Menthol Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 BASF Synthetic Menthol Product Offerings
7.1.5 BASF Recent Development
7.2 Symrise
7.2.1 Symrise Company Information
7.2.2 Symrise Introduction and Business Overview
7.2.3 Symrise Synthetic Menthol Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 Symrise Synthetic Menthol Product Offerings
7.2.5 Symrise Recent Development
7.3 Takasago
7.3.1 Takasago Company Information
7.3.2 Takasago Introduction and Business Overview
7.3.3 Takasago Synthetic Menthol Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 Takasago Synthetic Menthol Product Offerings
7.3.5 Takasago Recent Development
7.4 WanHua Chemical
7.4.1 WanHua Chemical Company Information
7.4.2 WanHua Chemical Introduction and Business Overview
7.4.3 WanHua Chemical Synthetic Menthol Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 WanHua Chemical Synthetic Menthol Product Offerings
7.4.5 WanHua Chemical Recent Development
8 Industry Chain Analysis
8.1 Synthetic Menthol Industrial Chain
8.2 Synthetic Menthol Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Synthetic Menthol Sales Model
8.5.2 Sales Channel
8.5.3 Synthetic Menthol Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

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