The global Menthol market size was US$ 810 million in 2024 and is forecast to a readjusted size of US$ 1301 million by 2031 with a CAGR of 7.1% during the forecast period 2025-2031.
Menthol is an organic compound with the chemical formula C10H20O that occurs naturally in mint and some other plants. It can be extracted from the leaves by distillation, and it can be made synthetically. Pure menthol is a crystalline solid. The compound is widely used in cough and cold remedies because of its soothing effects and as a flavoring in candy, chewing gum, medical products and cigarettes.
The data of the report is based on the menthol product with purity of 99%min. And other products in lower menthol purity have been converted in the equivalent of 100%.
Agson Global, Symrise AG, Takasago, Arora Aromatics, Tienyuan Chem and Nantong Menthol Factory are the main producers of Menthol. Agson Global is the world"s largest, with a market share of about 15%, and the top 3 accounting for about 25%.
The Asia-Pacific region is the most important market, accounting for about 60% of the market, followed by Americas at about 20%.
The global Menthol market is strategically segmented by company, region (country), by Type, and by Application. This report empowers stakeholders to capitalize on emerging opportunities, optimize product strategies, and outperform competitors through data-driven insights on sales, revenue, and forecasts across regions, by Type, and by Application for 2020-2031.
Market Segmentation
By Company:
Agson Global
Symrise AG
BASF
Takasago
Arora Aromatics
Swati Menthol & Allied Chem
NecLife
Bhagat Aromatics
KM Chemicals
Silverline Chemicals
A.G. Industries
Mentha & Allied Products
Neeru Enterprises
Vinayak
Hindustan Mint&Agro Products
Nantong Menthol Factory
Tienyuan Chem
Fengle Perfume
Yinfeng Pharma
Great Nation Essential Oils
Xiangsheng Perfume
Ifan Chem
By Type: (Dominant Segment vs High-Margin Innovation)
Natural Menthol
Synthetical Menthol
By Application: (Core Demand Driver vs Emerging Opportunity)
Oral Hygiene
Pharmaceuticals
Tobacco
Confectionaries
Other
By Region
Macro-Regional Analysis: Market Size & Growth Forecasts
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Micro-Local Market Deep Dive: Strategic Insights
- Competitive Landscape: Player dominance vs. disruptors (e.g., Agson Global in Europe)
- Emerging Product Trends: Natural Menthol adoption vs. Synthetical Menthol premiumization
- Demand-Side Dynamics: Oral Hygiene growth in China vs. Pharmaceuticals potential in India
- Localized Consumer Needs: Regulatory hurdles in EU vs. price sensitivity in India
Focus Markets:
India
China
Japan
US
Europe
Chapter Outline
Chapter 1: Report scope, executive summary, and market evolution scenarios (short/mid/long term).
Chapter 2: Quantitative analysis of Menthol market size and growth potential at global, regional, and country levels.
Chapter 3: Competitive benchmarking of manufacturers (revenue, market share, M&A, R&D focus).
Chapter 4: Type-based segmentation analysis – Uncovering blue ocean markets (e.g., Synthetical Menthol in China).
Chapter 5: Application-based segmentation analysis – High-growth downstream opportunities (e.g., Pharmaceuticals in India).
Chapter 6: Regional sales and revenue breakdown by company, type, application and customer.
Chapter 7: Key manufacturer profiles – Financials, product portfolios, and strategic developments.
Chapter 8: Market dynamics – Drivers, restraints, regulatory impacts, and risk mitigation strategies.
Chapter 9: Actionable conclusions and strategic recommendations.
Why This Report?
This is not just another market study. By fusing global trend analysis with hyper-local operational intelligence, we deliver:
- Risk-Controlled Market Entry: Navigate regulatory complexities in focus markets (e.g., China’s policies).
- Product Portfolio Optimization: Align offerings with regional preferences (e.g., Natural Menthol dominance in Europe vs. Synthetical Menthol demand in MEA).
- Competitor Counterstrategies: Decode player tactics in fragmented vs. consolidated markets.
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Market Overview
1.1 Menthol Product Scope
1.2 Menthol by Type
1.2.1 Global Menthol Sales by Type (2020 & 2024 & 2031)
1.2.2 Natural Menthol
1.2.3 Synthetical Menthol
1.3 Menthol by Application
1.3.1 Global Menthol Sales Comparison by Application (2020 & 2024 & 2031)
1.3.2 Oral Hygiene
1.3.3 Pharmaceuticals
1.3.4 Tobacco
1.3.5 Confectionaries
1.3.6 Other
1.4 Global Menthol Market Estimates and Forecasts (2020-2031)
1.4.1 Global Menthol Market Size in Value Growth Rate (2020-2031)
1.4.2 Global Menthol Market Size in Volume Growth Rate (2020-2031)
1.4.3 Global Menthol Price Trends (2020-2031)
1.5 Assumptions and Limitations
2 Market Size and Prospective by Region
2.1 Global Menthol Market Size by Region: 2020 VS 2024 VS 2031
2.2 Global Menthol Retrospective Market Scenario by Region (2020-2025)
2.2.1 Global Menthol Sales Market Share by Region (2020-2025)
2.2.2 Global Menthol Revenue Market Share by Region (2020-2025)
2.3 Global Menthol Market Estimates and Forecasts by Region (2026-2031)
2.3.1 Global Menthol Sales Estimates and Forecasts by Region (2026-2031)
2.3.2 Global Menthol Revenue Forecast by Region (2026-2031)
2.4 Major Region and Emerging Market Analysis
2.4.1 India Menthol Market Size and Prospective (2020-2031)
2.4.2 China Menthol Market Size and Prospective (2020-2031)
2.4.3 Japan Menthol Market Size and Prospective (2020-2031)
2.4.4 US Menthol Market Size and Prospective (2020-2031)
2.4.5 Europe Menthol Market Size and Prospective (2020-2031)
3 Global Market Size by Type
3.1 Global Menthol Historic Market Review by Type (2020-2025)
3.1.1 Global Menthol Sales by Type (2020-2025)
3.1.2 Global Menthol Revenue by Type (2020-2025)
3.1.3 Global Menthol Price by Type (2020-2025)
3.2 Global Menthol Market Estimates and Forecasts by Type (2026-2031)
3.2.1 Global Menthol Sales Forecast by Type (2026-2031)
3.2.2 Global Menthol Revenue Forecast by Type (2026-2031)
3.2.3 Global Menthol Price Forecast by Type (2026-2031)
3.3 Different Types Menthol Representative Players
4 Global Market Size by Application
4.1 Global Menthol Historic Market Review by Application (2020-2025)
4.1.1 Global Menthol Sales by Application (2020-2025)
4.1.2 Global Menthol Revenue by Application (2020-2025)
4.1.3 Global Menthol Price by Application (2020-2025)
4.2 Global Menthol Market Estimates and Forecasts by Application (2026-2031)
4.2.1 Global Menthol Sales Forecast by Application (2026-2031)
4.2.2 Global Menthol Revenue Forecast by Application (2026-2031)
4.2.3 Global Menthol Price Forecast by Application (2026-2031)
4.3 New Sources of Growth in Menthol Application
5 Competition Landscape by Players
5.1 Global Menthol Sales by Players (2020-2025)
5.2 Global Top Menthol Players by Revenue (2020-2025)
5.3 Global Menthol Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Menthol as of 2024)
5.4 Global Menthol Average Price by Company (2020-2025)
5.5 Global Key Manufacturers of Menthol, Manufacturing Sites & Headquarters
5.6 Global Key Manufacturers of Menthol, Product Type & Application
5.7 Global Key Manufacturers of Menthol, Date of Enter into This Industry
5.8 Manufacturers Mergers & Acquisitions, Expansion Plans
6 Region Analysis
6.1 India Market: Players, Segments, Downstream and Major Customers
6.1.1 India Menthol Sales by Company
6.1.1.1 India Menthol Sales by Company (2020-2025)
6.1.1.2 India Menthol Revenue by Company (2020-2025)
6.1.2 India Menthol Sales Breakdown by Type (2020-2025)
6.1.3 India Menthol Sales Breakdown by Application (2020-2025)
6.1.4 India Menthol Major Customer
6.1.5 India Market Trend and Opportunities
6.2 China Market: Players, Segments, Downstream and Major Customers
6.2.1 China Menthol Sales by Company
6.2.1.1 China Menthol Sales by Company (2020-2025)
6.2.1.2 China Menthol Revenue by Company (2020-2025)
6.2.2 China Menthol Sales Breakdown by Type (2020-2025)
6.2.3 China Menthol Sales Breakdown by Application (2020-2025)
6.2.4 China Menthol Major Customer
6.2.5 China Market Trend and Opportunities
6.3 Japan Market: Players, Segments, Downstream and Major Customers
6.3.1 Japan Menthol Sales by Company
6.3.1.1 Japan Menthol Sales by Company (2020-2025)
6.3.1.2 Japan Menthol Revenue by Company (2020-2025)
6.3.2 Japan Menthol Sales Breakdown by Type (2020-2025)
6.3.3 Japan Menthol Sales Breakdown by Application (2020-2025)
6.3.4 Japan Menthol Major Customer
6.3.5 Japan Market Trend and Opportunities
6.4 US Market: Players, Segments, Downstream and Major Customers
6.4.1 US Menthol Sales by Company
6.4.1.1 US Menthol Sales by Company (2020-2025)
6.4.1.2 US Menthol Revenue by Company (2020-2025)
6.4.2 US Menthol Sales Breakdown by Type (2020-2025)
6.4.3 US Menthol Sales Breakdown by Application (2020-2025)
6.4.4 US Menthol Major Customer
6.4.5 US Market Trend and Opportunities
6.5 Europe Market: Players, Segments, Downstream and Major Customers
6.5.1 Europe Menthol Sales by Company
6.5.1.1 Europe Menthol Sales by Company (2020-2025)
6.5.1.2 Europe Menthol Revenue by Company (2020-2025)
6.5.2 Europe Menthol Sales Breakdown by Type (2020-2025)
6.5.3 Europe Menthol Sales Breakdown by Application (2020-2025)
6.5.4 Europe Menthol Major Customer
6.5.5 Europe Market Trend and Opportunities
7 Company Profiles and Key Figures
7.1 Agson Global
7.1.1 Agson Global Company Information
7.1.2 Agson Global Business Overview
7.1.3 Agson Global Menthol Sales, Revenue and Gross Margin (2020-2025)
7.1.4 Agson Global Menthol Products Offered
7.1.5 Agson Global Recent Development
7.2 Symrise AG
7.2.1 Symrise AG Company Information
7.2.2 Symrise AG Business Overview
7.2.3 Symrise AG Menthol Sales, Revenue and Gross Margin (2020-2025)
7.2.4 Symrise AG Menthol Products Offered
7.2.5 Symrise AG Recent Development
7.3 BASF
7.3.1 BASF Company Information
7.3.2 BASF Business Overview
7.3.3 BASF Menthol Sales, Revenue and Gross Margin (2020-2025)
7.3.4 BASF Menthol Products Offered
7.3.5 BASF Recent Development
7.4 Takasago
7.4.1 Takasago Company Information
7.4.2 Takasago Business Overview
7.4.3 Takasago Menthol Sales, Revenue and Gross Margin (2020-2025)
7.4.4 Takasago Menthol Products Offered
7.4.5 Takasago Recent Development
7.5 Arora Aromatics
7.5.1 Arora Aromatics Company Information
7.5.2 Arora Aromatics Business Overview
7.5.3 Arora Aromatics Menthol Sales, Revenue and Gross Margin (2020-2025)
7.5.4 Arora Aromatics Menthol Products Offered
7.5.5 Arora Aromatics Recent Development
7.6 Swati Menthol & Allied Chem
7.6.1 Swati Menthol & Allied Chem Company Information
7.6.2 Swati Menthol & Allied Chem Business Overview
7.6.3 Swati Menthol & Allied Chem Menthol Sales, Revenue and Gross Margin (2020-2025)
7.6.4 Swati Menthol & Allied Chem Menthol Products Offered
7.6.5 Swati Menthol & Allied Chem Recent Development
7.7 NecLife
7.7.1 NecLife Company Information
7.7.2 NecLife Business Overview
7.7.3 NecLife Menthol Sales, Revenue and Gross Margin (2020-2025)
7.7.4 NecLife Menthol Products Offered
7.7.5 NecLife Recent Development
7.8 Bhagat Aromatics
7.8.1 Bhagat Aromatics Company Information
7.8.2 Bhagat Aromatics Business Overview
7.8.3 Bhagat Aromatics Menthol Sales, Revenue and Gross Margin (2020-2025)
7.8.4 Bhagat Aromatics Menthol Products Offered
7.8.5 Bhagat Aromatics Recent Development
7.9 KM Chemicals
7.9.1 KM Chemicals Company Information
7.9.2 KM Chemicals Business Overview
7.9.3 KM Chemicals Menthol Sales, Revenue and Gross Margin (2020-2025)
7.9.4 KM Chemicals Menthol Products Offered
7.9.5 KM Chemicals Recent Development
7.10 Silverline Chemicals
7.10.1 Silverline Chemicals Company Information
7.10.2 Silverline Chemicals Business Overview
7.10.3 Silverline Chemicals Menthol Sales, Revenue and Gross Margin (2020-2025)
7.10.4 Silverline Chemicals Menthol Products Offered
7.10.5 Silverline Chemicals Recent Development
7.11 A.G. Industries
7.11.1 A.G. Industries Company Information
7.11.2 A.G. Industries Business Overview
7.11.3 A.G. Industries Menthol Sales, Revenue and Gross Margin (2020-2025)
7.11.4 A.G. Industries Menthol Products Offered
7.11.5 A.G. Industries Recent Development
7.12 Mentha & Allied Products
7.12.1 Mentha & Allied Products Company Information
7.12.2 Mentha & Allied Products Business Overview
7.12.3 Mentha & Allied Products Menthol Sales, Revenue and Gross Margin (2020-2025)
7.12.4 Mentha & Allied Products Menthol Products Offered
7.12.5 Mentha & Allied Products Recent Development
7.13 Neeru Enterprises
7.13.1 Neeru Enterprises Company Information
7.13.2 Neeru Enterprises Business Overview
7.13.3 Neeru Enterprises Menthol Sales, Revenue and Gross Margin (2020-2025)
7.13.4 Neeru Enterprises Menthol Products Offered
7.13.5 Neeru Enterprises Recent Development
7.14 Vinayak
7.14.1 Vinayak Company Information
7.14.2 Vinayak Business Overview
7.14.3 Vinayak Menthol Sales, Revenue and Gross Margin (2020-2025)
7.14.4 Vinayak Menthol Products Offered
7.14.5 Vinayak Recent Development
7.15 Hindustan Mint&Agro Products
7.15.1 Hindustan Mint&Agro Products Company Information
7.15.2 Hindustan Mint&Agro Products Business Overview
7.15.3 Hindustan Mint&Agro Products Menthol Sales, Revenue and Gross Margin (2020-2025)
7.15.4 Hindustan Mint&Agro Products Menthol Products Offered
7.15.5 Hindustan Mint&Agro Products Recent Development
7.16 Nantong Menthol Factory
7.16.1 Nantong Menthol Factory Company Information
7.16.2 Nantong Menthol Factory Business Overview
7.16.3 Nantong Menthol Factory Menthol Sales, Revenue and Gross Margin (2020-2025)
7.16.4 Nantong Menthol Factory Menthol Products Offered
7.16.5 Nantong Menthol Factory Recent Development
7.17 Tienyuan Chem
7.17.1 Tienyuan Chem Company Information
7.17.2 Tienyuan Chem Business Overview
7.17.3 Tienyuan Chem Menthol Sales, Revenue and Gross Margin (2020-2025)
7.17.4 Tienyuan Chem Menthol Products Offered
7.17.5 Tienyuan Chem Recent Development
7.18 Fengle Perfume
7.18.1 Fengle Perfume Company Information
7.18.2 Fengle Perfume Business Overview
7.18.3 Fengle Perfume Menthol Sales, Revenue and Gross Margin (2020-2025)
7.18.4 Fengle Perfume Menthol Products Offered
7.18.5 Fengle Perfume Recent Development
7.19 Yinfeng Pharma
7.19.1 Yinfeng Pharma Company Information
7.19.2 Yinfeng Pharma Business Overview
7.19.3 Yinfeng Pharma Menthol Sales, Revenue and Gross Margin (2020-2025)
7.19.4 Yinfeng Pharma Menthol Products Offered
7.19.5 Yinfeng Pharma Recent Development
7.20 Great Nation Essential Oils
7.20.1 Great Nation Essential Oils Company Information
7.20.2 Great Nation Essential Oils Business Overview
7.20.3 Great Nation Essential Oils Menthol Sales, Revenue and Gross Margin (2020-2025)
7.20.4 Great Nation Essential Oils Menthol Products Offered
7.20.5 Great Nation Essential Oils Recent Development
7.21 Xiangsheng Perfume
7.21.1 Xiangsheng Perfume Company Information
7.21.2 Xiangsheng Perfume Business Overview
7.21.3 Xiangsheng Perfume Menthol Sales, Revenue and Gross Margin (2020-2025)
7.21.4 Xiangsheng Perfume Menthol Products Offered
7.21.5 Xiangsheng Perfume Recent Development
7.22 Ifan Chem
7.22.1 Ifan Chem Company Information
7.22.2 Ifan Chem Business Overview
7.22.3 Ifan Chem Menthol Sales, Revenue and Gross Margin (2020-2025)
7.22.4 Ifan Chem Menthol Products Offered
7.22.5 Ifan Chem Recent Development
8 Menthol Manufacturing Cost Analysis
8.1 Menthol Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Key Suppliers of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.3 Manufacturing Process Analysis of Menthol
8.4 Menthol Industrial Chain Analysis
9 Marketing Channel, Distributors and Customers
9.1 Marketing Channel
9.2 Menthol Distributors List
9.3 Menthol Customers
10 Menthol Market Dynamics
10.1 Menthol Industry Trends
10.2 Menthol Market Drivers
10.3 Menthol Market Challenges
10.4 Menthol Market Restraints
11 Research Findings and Conclusion
12 Appendix
12.1 Research Methodology
12.1.1 Methodology/Research Approach
12.1.1.1 Research Programs/Design
12.1.1.2 Market Size Estimation
12.1.1.3 Market Breakdown and Data Triangulation
12.1.2 Data Source
12.1.2.1 Secondary Sources
12.1.2.2 Primary Sources
12.2 Author Details
12.3 Disclaimer
Agson Global
Symrise AG
BASF
Takasago
Arora Aromatics
Swati Menthol & Allied Chem
NecLife
Bhagat Aromatics
KM Chemicals
Silverline Chemicals
A.G. Industries
Mentha & Allied Products
Neeru Enterprises
Vinayak
Hindustan Mint&Agro Products
Nantong Menthol Factory
Tienyuan Chem
Fengle Perfume
Yinfeng Pharma
Great Nation Essential Oils
Xiangsheng Perfume
Ifan Chem
Ìý
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*If Applicable.