(MENAFN- GetNews) This Global Menthol Market Research Report Describes the Market Size, Share and Growth Analysis based on the current trends and Statistics.
Global Menthol Market Overview:
Menthol is an organic compound that occurs naturally in mint and some other plants. It can be made systematically. Pure menthol is a crystalline solid and 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%. However variations in climatic conditions tend to effect the overall menthol supply.
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Global Menthol Market Drivers and Restraints:
Growth of synthetic menthol market is driven, primarily, by increasing demand from key end use industries such as pharmaceuticals, food and beverages, and cosmetics industries, among others. Synthetic menthol is relatively higher in purity. Moreover, over the recent past, drop in crude oil prices has in turn resulted in a drop-in price of raw materials required for the production of synthetic menthol, making production more cost effective. Demand for synthetic menthol over the past couple of years has exceeded the actual supply. Moreover, a handful of players operate in global synthetic menthol market. As such supply security is one of the factors that is expected to influence the growth of the market. Moreover, supply of raw materials required for synthetic menthol production is ample, thus ensuring consistency in production. Consequently, synthetic menthol has emerged as a viable alternative for natural menthol. Currently, natural menthol dominates the overall consumption of menthol across the globe. However, consumption of synthetic menthol is expected to witness a relatively faster growth over the forecast period.
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Global Menthol Market Geographical segmentation:
The Menthol Market is geographically segmented into North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia (Brazil, Argentina, Colombia etc.,) Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).
Global Menthol Market- Key Players:
The key players of industry are Agson Global, Symrise AG, Nantong Menthol Factory, Takasgo, Tienyuan Chem, Arora Aromatics, Fengle Perfume, Swati Menthol and allied chem, Nectar Lifesciences, Bhagat Aromatics, KM Chemicals, Silverline chemicals, Yinfe4ng Pharma, Great Nation Essential oils, Xiangsheng Perfume, BASF, Ifan chem, Mentha and allied products, Neeru enterprises, Vinayak, Hindustan Mint and agro products, A.G industries.
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