APO RESEARCH · REPORT
Menthol
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.
Product & engineering
Understand the product.
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%.
Selected research
Industry Growth & Trends
Global Menthol Industry Growth and Trends Forecast to 2032
Market perspective
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%.
Read the full market overview
The Asia-Pacific region is the most important market, accounting for about 60% of the market, followed by Americas at about 20%.
Report Scope
This report provides a structured, data-driven view of the global Menthol market, combining harmonized quantitative metrics with targeted qualitative insight to support business and growth strategy, market positioning, and capital allocation.
The Menthol market size, estimates, and forecasts are presented in terms of sales volume (MT) and revenue (US$ million), with 2025 as the base year and historical and forecast data for 2021-2032. The report segments the global Menthol market by Type, Application, region/country, and company, provides regional market sizes at the segment level, profiles the competitive landscape and key players and their market ranks, and reviews technology trends and new product developments relevant to Menthol.
Key Companies & Market Share Insights
This section analyzes the strategies and performance of leading manufacturers in the global Menthol market, including portfolio focus, innovation and product development, mergers and acquisitions, collaborations, and geographic expansion used to sustain or enhance competitive positions. It also summarizes recent corporate developments and key financial indicators and provides global revenue, price, and sales volume data by manufacturer for 2020-2025, enabling benchmarking of scale, pricing, and market share and supporting assessment of market concentration through indicators such as CR5 and CR10.
Menthol Market 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
Menthol Segment by Type
Natural Menthol
Synthetical Menthol
Menthol Segment by Application
Oral Hygiene
Pharmaceuticals
Tobacco
Confectionaries
Other
Menthol Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Menthol market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Menthol and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Menthol.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Menthol manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Menthol in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Natural Menthol
- Synthetical Menthol
Applications
- Oral Hygiene
- Pharmaceuticals
- Tobacco
- Confectionaries
- Other
Companies covered
- 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
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Global Market Growth Prospects
- 1.2.1 Global Menthol Market Size Estimates and Forecasts (2021-2032)
- 1.2.2 Global Menthol Sales Estimates and Forecasts (2021-2032)
- 1.3 Menthol Market by Type
- 1.3.1 Natural Menthol
- 1.3.2 Synthetical Menthol
- 1.4 Global Menthol Market Size by Type
- 1.4.1 Global Menthol Market Size Overview by Type (2021-2032)
- 1.4.2 Global Menthol Historic Market Size Review by Type (2021-2026)
- 1.4.3 Global Menthol Forecasted Market Size by Type (2027-2032)
- 1.5 Key Regions Market Size by Type
- 1.5.1 North America Menthol Sales Breakdown by Type (2021-2026)
- 1.5.2 Europe Menthol Sales Breakdown by Type (2021-2026)
- 1.5.3 Asia-Pacific Menthol Sales Breakdown by Type (2021-2026)
- 1.5.4 South America Menthol Sales Breakdown by Type (2021-2026)
- 1.5.5 Middle East and Africa Menthol Sales Breakdown by Type (2021-2026)
2 Global Market Dynamics
- 2.1 Menthol Industry Trends
- 2.2 Menthol Industry Drivers
- 2.3 Menthol Industry Opportunities and Challenges
- 2.4 Menthol Industry Restraints
3 Market Competitive Landscape by Company
- 3.1 Global Top Players by Menthol Revenue (2021-2026)
- 3.2 Global Top Players by Menthol Sales (2021-2026)
- 3.3 Global Top Players by Menthol Price (2021-2026)
- 3.4 Global Menthol Industry Company Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Menthol Major Company Production Sites & Headquarters
- 3.6 Global Menthol Company, Product Type & Application
- 3.7 Global Menthol Company Establishment Date
- 3.8 Market Competitive Analysis
- 3.8.1 Global Menthol Market CR5 and HHI
- 3.8.2 Global Top 5 and 10 Menthol Players Market Share by Revenue in 2025
- 3.8.3 2025 Menthol Tier 1, Tier 2, and Tier 3
4 Menthol Regional Status and Outlook
- 4.1 Global Menthol Market Size and CAGR by Region: 2021 VS 2025 VS 2032
- 4.2 Global Menthol Historic Market Size by Region
- 4.2.1 Global Menthol Sales in Volume by Region (2021-2026)
- 4.2.2 Global Menthol Sales in Value by Region (2021-2026)
- 4.2.3 Global Menthol Sales (Volume & Value), Price and Gross Margin (2021-2026)
- 4.3 Global Menthol Forecasted Market Size by Region
- 4.3.1 Global Menthol Sales in Volume by Region (2027-2032)
- 4.3.2 Global Menthol Sales in Value by Region (2027-2032)
- 4.3.3 Global Menthol Sales (Volume & Value), Price and Gross Margin (2027-2032)
5 Menthol by Application
- 5.1 Menthol Market by Application
- 5.1.1 Oral Hygiene
- 5.1.2 Pharmaceuticals
- 5.1.3 Tobacco
- 5.1.4 Confectionaries
- 5.1.5 Other
- 5.2 Global Menthol Market Size by Application
- 5.2.1 Global Menthol Market Size Overview by Application (2021-2032)
- 5.2.2 Global Menthol Historic Market Size Review by Application (2021-2026)
- 5.2.3 Global Menthol Forecasted Market Size by Application (2027-2032)
- 5.3 Key Regions Market Size by Application
- 5.3.1 North America Menthol Sales Breakdown by Application (2021-2026)
- 5.3.2 Europe Menthol Sales Breakdown by Application (2021-2026)
- 5.3.3 Asia-Pacific Menthol Sales Breakdown by Application (2021-2026)
- 5.3.4 South America Menthol Sales Breakdown by Application (2021-2026)
- 5.3.5 Middle East and Africa Menthol Sales Breakdown by Application (2021-2026)
6 Company Profiles
- 6.1 Agson Global
- 6.1.1 Agson Global Company Information
- 6.1.2 Agson Global Business Overview
- 6.1.3 Agson Global Menthol Sales, Revenue and Gross Margin (2021-2026)
- 6.1.4 Agson Global Menthol Product Portfolio
- 6.1.5 Agson Global Recent Developments
- 6.2 Symrise AG
- 6.2.1 Symrise AG Company Information
- 6.2.2 Symrise AG Business Overview
- 6.2.3 Symrise AG Menthol Sales, Revenue and Gross Margin (2021-2026)
- 6.2.4 Symrise AG Menthol Product Portfolio
- 6.2.5 Symrise AG Recent Developments
- 6.3 BASF
- 6.3.1 BASF Company Information
- 6.3.2 BASF Business Overview
- 6.3.3 BASF Menthol Sales, Revenue and Gross Margin (2021-2026)
- 6.3.4 BASF Menthol Product Portfolio
- 6.3.5 BASF Recent Developments
- 6.4 Takasago
- 6.4.1 Takasago Company Information
- 6.4.2 Takasago Business Overview
- 6.4.3 Takasago Menthol Sales, Revenue and Gross Margin (2021-2026)
- 6.4.4 Takasago Menthol Product Portfolio
- 6.4.5 Takasago Recent Developments
- 6.5 Arora Aromatics
- 6.5.1 Arora Aromatics Company Information
- 6.5.2 Arora Aromatics Business Overview
- 6.5.3 Arora Aromatics Menthol Sales, Revenue and Gross Margin (2021-2026)
- 6.5.4 Arora Aromatics Menthol Product Portfolio
- 6.5.5 Arora Aromatics Recent Developments
- 6.6 Swati Menthol & Allied Chem
- 6.6.1 Swati Menthol & Allied Chem Company Information
- 6.6.2 Swati Menthol & Allied Chem Business Overview
- 6.6.3 Swati Menthol & Allied Chem Menthol Sales, Revenue and Gross Margin (2021-2026)
- 6.6.4 Swati Menthol & Allied Chem Menthol Product Portfolio
- 6.6.5 Swati Menthol & Allied Chem Recent Developments
- 6.7 NecLife
- 6.7.1 NecLife Company Information
- 6.7.2 NecLife Business Overview
- 6.7.3 NecLife Menthol Sales, Revenue and Gross Margin (2021-2026)
- 6.7.4 NecLife Menthol Product Portfolio
- 6.7.5 NecLife Recent Developments
- 6.8 Bhagat Aromatics
- 6.8.1 Bhagat Aromatics Company Information
- 6.8.2 Bhagat Aromatics Business Overview
- 6.8.3 Bhagat Aromatics Menthol Sales, Revenue and Gross Margin (2021-2026)
- 6.8.4 Bhagat Aromatics Menthol Product Portfolio
- 6.8.5 Bhagat Aromatics Recent Developments
- 6.9 KM Chemicals
- 6.9.1 KM Chemicals Company Information
- 6.9.2 KM Chemicals Business Overview
- 6.9.3 KM Chemicals Menthol Sales, Revenue and Gross Margin (2021-2026)
- 6.9.4 KM Chemicals Menthol Product Portfolio
- 6.9.5 KM Chemicals Recent Developments
- 6.10 Silverline Chemicals
- 6.10.1 Silverline Chemicals Company Information
- 6.10.2 Silverline Chemicals Business Overview
- 6.10.3 Silverline Chemicals Menthol Sales, Revenue and Gross Margin (2021-2026)
- 6.10.4 Silverline Chemicals Menthol Product Portfolio
- 6.10.5 Silverline Chemicals Recent Developments
- 6.11 A.G. Industries
- 6.11.1 A.G. Industries Company Information
- 6.11.2 A.G. Industries Business Overview
- 6.11.3 A.G. Industries Menthol Sales, Revenue and Gross Margin (2021-2026)
- 6.11.4 A.G. Industries Menthol Product Portfolio
- 6.11.5 A.G. Industries Recent Developments
- 6.12 Mentha & Allied Products
- 6.12.1 Mentha & Allied Products Company Information
- 6.12.2 Mentha & Allied Products Business Overview
- 6.12.3 Mentha & Allied Products Menthol Sales, Revenue and Gross Margin (2021-2026)
- 6.12.4 Mentha & Allied Products Menthol Product Portfolio
- 6.12.5 Mentha & Allied Products Recent Developments
- 6.13 Neeru Enterprises
- 6.13.1 Neeru Enterprises Company Information
- 6.13.2 Neeru Enterprises Business Overview
- 6.13.3 Neeru Enterprises Menthol Sales, Revenue and Gross Margin (2021-2026)
- 6.13.4 Neeru Enterprises Menthol Product Portfolio
- 6.13.5 Neeru Enterprises Recent Developments
- 6.14 Vinayak
- 6.14.1 Vinayak Company Information
- 6.14.2 Vinayak Business Overview
- 6.14.3 Vinayak Menthol Sales, Revenue and Gross Margin (2021-2026)
- 6.14.4 Vinayak Menthol Product Portfolio
- 6.14.5 Vinayak Recent Developments
- 6.15 Hindustan Mint&Agro Products
- 6.15.1 Hindustan Mint&Agro Products Company Information
- 6.15.2 Hindustan Mint&Agro Products Business Overview
- 6.15.3 Hindustan Mint&Agro Products Menthol Sales, Revenue and Gross Margin (2021-2026)
- 6.15.4 Hindustan Mint&Agro Products Menthol Product Portfolio
- 6.15.5 Hindustan Mint&Agro Products Recent Developments
- 6.16 Nantong Menthol Factory
- 6.16.1 Nantong Menthol Factory Company Information
- 6.16.2 Nantong Menthol Factory Business Overview
- 6.16.3 Nantong Menthol Factory Menthol Sales, Revenue and Gross Margin (2021-2026)
- 6.16.4 Nantong Menthol Factory Menthol Product Portfolio
- 6.16.5 Nantong Menthol Factory Recent Developments
- 6.17 Tienyuan Chem
- 6.17.1 Tienyuan Chem Company Information
- 6.17.2 Tienyuan Chem Business Overview
- 6.17.3 Tienyuan Chem Menthol Sales, Revenue and Gross Margin (2021-2026)
- 6.17.4 Tienyuan Chem Menthol Product Portfolio
- 6.17.5 Tienyuan Chem Recent Developments
- 6.18 Fengle Perfume
- 6.18.1 Fengle Perfume Company Information
- 6.18.2 Fengle Perfume Business Overview
- 6.18.3 Fengle Perfume Menthol Sales, Revenue and Gross Margin (2021-2026)
- 6.18.4 Fengle Perfume Menthol Product Portfolio
- 6.18.5 Fengle Perfume Recent Developments
- 6.19 Yinfeng Pharma
- 6.19.1 Yinfeng Pharma Company Information
- 6.19.2 Yinfeng Pharma Business Overview
- 6.19.3 Yinfeng Pharma Menthol Sales, Revenue and Gross Margin (2021-2026)
- 6.19.4 Yinfeng Pharma Menthol Product Portfolio
- 6.19.5 Yinfeng Pharma Recent Developments
- 6.20 Great Nation Essential Oils
- 6.20.1 Great Nation Essential Oils Company Information
- 6.20.2 Great Nation Essential Oils Business Overview
- 6.20.3 Great Nation Essential Oils Menthol Sales, Revenue and Gross Margin (2021-2026)
- 6.20.4 Great Nation Essential Oils Menthol Product Portfolio
- 6.20.5 Great Nation Essential Oils Recent Developments
- 6.21 Xiangsheng Perfume
- 6.21.1 Xiangsheng Perfume Company Information
- 6.21.2 Xiangsheng Perfume Business Overview
- 6.21.3 Xiangsheng Perfume Menthol Sales, Revenue and Gross Margin (2021-2026)
- 6.21.4 Xiangsheng Perfume Menthol Product Portfolio
- 6.21.5 Xiangsheng Perfume Recent Developments
- 6.22 Ifan Chem
- 6.22.1 Ifan Chem Company Information
- 6.22.2 Ifan Chem Business Overview
- 6.22.3 Ifan Chem Menthol Sales, Revenue and Gross Margin (2021-2026)
- 6.22.4 Ifan Chem Menthol Product Portfolio
- 6.22.5 Ifan Chem Recent Developments
7 North America by Country
- 7.1 North America Menthol Sales by Country
- 7.1.1 North America Menthol Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.1.2 North America Menthol Sales by Country (2021-2026)
- 7.1.3 North America Menthol Sales Forecast by Country (2027-2032)
- 7.2 North America Menthol Market Size by Country
- 7.2.1 North America Menthol Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.2.2 North America Menthol Market Size by Country (2021-2026)
- 7.2.3 North America Menthol Market Size Forecast by Country (2027-2032)
8 Europe by Country
- 8.1 Europe Menthol Sales by Country
- 8.1.1 Europe Menthol Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.1.2 Europe Menthol Sales by Country (2021-2026)
- 8.1.3 Europe Menthol Sales Forecast by Country (2027-2032)
- 8.2 Europe Menthol Market Size by Country
- 8.2.1 Europe Menthol Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.2.2 Europe Menthol Market Size by Country (2021-2026)
- 8.2.3 Europe Menthol Market Size Forecast by Country (2027-2032)
9 Asia-Pacific by Country
- 9.1 Asia-Pacific Menthol Sales by Country
- 9.1.1 Asia-Pacific Menthol Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.1.2 Asia-Pacific Menthol Sales by Country (2021-2026)
- 9.1.3 Asia-Pacific Menthol Sales Forecast by Country (2027-2032)
- 9.2 Asia-Pacific Menthol Market Size by Country
- 9.2.1 Asia-Pacific Menthol Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.2.2 Asia-Pacific Menthol Market Size by Country (2021-2026)
- 9.2.3 Asia-Pacific Menthol Market Size Forecast by Country (2027-2032)
10 South America by Country
- 10.1 South America Menthol Sales by Country
- 10.1.1 South America Menthol Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.1.2 South America Menthol Sales by Country (2021-2026)
- 10.1.3 South America Menthol Sales Forecast by Country (2027-2032)
- 10.2 South America Menthol Market Size by Country
- 10.2.1 South America Menthol Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.2.2 South America Menthol Market Size by Country (2021-2026)
- 10.2.3 South America Menthol Market Size Forecast by Country (2027-2032)
11 Middle East and Africa by Country
- 11.1 Middle East and Africa Menthol Sales by Country
- 11.1.1 Middle East and Africa Menthol Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.1.2 Middle East and Africa Menthol Sales by Country (2021-2026)
- 11.1.3 Middle East and Africa Menthol Sales Forecast by Country (2027-2032)
- 11.2 Middle East and Africa Menthol Market Size by Country
- 11.2.1 Middle East and Africa Menthol Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.2.2 Middle East and Africa Menthol Market Size by Country (2021-2026)
- 11.2.3 Middle East and Africa Menthol Market Size Forecast by Country (2027-2032)
12 Value Chain and Sales Channels Analysis
- 12.1 Menthol Value Chain Analysis
- 12.1.1 Menthol Key Raw Materials
- 12.1.2 Key Raw Materials Price
- 12.1.3 Raw Materials Key Suppliers
- 12.1.4 Manufacturing Cost Structure
- 12.1.5 Menthol Production Mode & Process
- 12.2 Menthol Sales Channels Analysis
- 12.2.1 Direct Comparison with Distribution Share
- 12.2.2 Menthol Distributors
- 12.2.3 Menthol Customers
13 Concluding Insights
14 Appendix
- 14.1 Reasons for Doing This Study
- 14.2 Research Methodology
- 14.3 Research Process
- 14.4 Authors List of This Report
- 14.5 Data Source
- 14.5.1 Secondary Sources
- 14.5.2 Primary Sources
- 14.6 Disclaimer
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