Report Overview
Menthol is a naturally occurring organic compound derived from peppermint and other mint oils.
It is widely used in various industries, including pharmaceuticals, personal care, food and beverages, and tobacco, due to its cooling sensation and medicinal properties.
The menthol market is divided into synthetic and natural menthol, catering to multiple applications such as oral hygiene, medicine, confectionery, and more.
Market Analysis
The global Menthol Market is projected to grow from $875 million in 2024 to $1,152 million by 2032, registering a compound annual growth rate (CAGR) of 3.5% during the forecast period.
The market has witnessed steady growth due to rising demand for menthol-based products in healthcare and consumer goods industries.
Historical trends from 2018 to 2024 indicate increasing adoption across multiple sectors, further propelling market expansion.
