Market New Research Menthol Market Supplier, Competition by Manufactur

Menthol Market Supplier, Competition by
Manufacturers and Competitor Analysis to
2023 Forecast
“Menthol is also termed as “peppermint camphor”, a terpene alcohol
with a strong minty taste and cooling odor. It is mainly obtained from
peppermint oil and is produced synthetically by hydrogenation of
thymol. It is exclusively used medicinally in nasal inhalers, ointments,
and cough drops.”
Global Menthol Market is expected to grow at a significant CAGR in the upcoming period as the scope and its
applications are rising enormously across the globe. Menthol is also termed as “peppermint camphor”, a terpene
alcohol with a strong minty taste and cooling odor. It is mainly obtained from peppermint oil and is produced
synthetically by hydrogenation of thymol. It is exclusively used medicinally in nasal inhalers, ointments, and cough
drops.
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The factors that are playing a major role in the growth of the market are the growing demand for fast moving consumer
goods like pharmaceutical products, food & beverages, and personal care. However, the growing awareness regarding
the harmful effects of over dosage of menthol may restrain overall market growth in the years to come. Menthol
market is segmented based on product type, application, and region.
Synthetic and natural are the product types that could be explored in menthol market in the forecast period. The
natural sector accounted for the substantial market share of menthol and is estimated to continue its dominance in
the years to come.