

CAGR of 3.70%
lobal 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% duringtheforecastperiod.
Drivers - The increasing use of menthol in toothpaste, mouthwashes, and cough syrups has significantly boosted market growth.
Restraints - Government restrictions on menthol-based cigarettes in certain regions, such as the U.S. and Europe, may impact market demand.
Opportunities -The increasing use of menthol in pain relief balms, ointments, and inhalers provides significant market potential...
The U.S. and Canada dominate the North American menthol market, primarily driven by strong demand in the pharmaceutical and personal care industries. However, regulatory restrictions on menthol cigarettes may affect future growth.
By Type
⚬Synthetic Menthol
⚬Natural Menthol
By Application
⚬Oral Hygiene
⚬Medicine
⚬Tobacco
⚬Confectionaries
⚬Others
⚬Anson Global
⚬Symrise AG
⚬CHINA Nantong Mental Factory
⚬Takasago
⚬TIEN YUAN
⚬BASF
⚬Vinayak
⚬Hindustan Mint & Agro Products
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