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 Research
Menthol Industry Research Report 2026
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 quantifies the global Menthol market in terms of revenue (US$ million) and, where applicable, sales volume (MT), using 2025 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of Types and Applications, harmonizes vendor attribution, and presents comparable time series by company, Type, Application, and region/country, including indicative price bands (US$/MT) and concentration ratios (CR5/CR10).
The outputs are intended to support strategy development, budgeting, and performance benchmarking for brand owners, manufacturers, retailers, channel partners, and investors; data are structured with consistent units and fields to facilitate integration into internal FP&A and BI systems.
Key Companies & Market Share Insights
This section profiles leading manufacturers, combining 2021–2025 results with a 2026–2032 outlook. It reports revenue, market share, price bands, product and application mix, regional and channel mix, and key developments (M&A, capacity additions, certifications). It also provides global revenue, average price, and—where applicable—sales volume by manufacturer, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
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: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc.), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of Menthol manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of Menthol by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of Menthol in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 7: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: 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 11: The main points and conclusions 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 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Global Market Growth Prospects
- 2.2.1 Global Menthol Market Size (2021-2032)
- 2.2.2 Global Menthol Sales (2021-2032)
- 2.2.3 Global Menthol Market Average Price (2021-2032)
- 2.3 Menthol by Type
- 2.3.1 Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million)
- 2.3.2 Natural Menthol
- 2.3.3 Synthetical Menthol
- 2.4 Menthol by Application
- 2.4.1 Market Value Comparison by Application (2021 VS 2025 VS 2032)
- 2.4.2 Oral Hygiene
- 2.4.3 Pharmaceuticals
- 2.4.4 Tobacco
- 2.4.5 Confectionaries
- 2.4.6 Other
3 Market Competitive Landscape by Manufacturers
- 3.1 Global Menthol Market Competitive Situation by Manufacturers (2021 Versus 2025)
- 3.2 Global Menthol Sales (MT) of Manufacturers (2021-2026)
- 3.3 Global Menthol Revenue of Manufacturers (2021-2026)
- 3.4 Global Menthol Average Price by Manufacturers (2021-2026)
- 3.5 Global Menthol Industry Ranking, 2024 VS 2025 VS 2026
- 3.6 Global Manufacturers of Menthol, Manufacturing Sites & Headquarters
- 3.7 Global Manufacturers of Menthol, Product Type & Application
- 3.8 Global Manufacturers of Menthol, Established Date
- 3.9 Global Menthol Market CR5 and HHI
- 3.10 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
- 4.1 Agson Global
- 4.1.1 Agson Global Company Information
- 4.1.2 Agson Global Business Overview
- 4.1.3 Agson Global Menthol Sales, Revenue and Gross Margin (2021-2026)
- 4.1.4 Agson Global Menthol Product Portfolio
- 4.1.5 Agson Global Recent Developments
- 4.2 Symrise AG
- 4.2.1 Symrise AG Company Information
- 4.2.2 Symrise AG Business Overview
- 4.2.3 Symrise AG Menthol Sales, Revenue and Gross Margin (2021-2026)
- 4.2.4 Symrise AG Menthol Product Portfolio
- 4.2.5 Symrise AG Recent Developments
- 4.3 BASF
- 4.3.1 BASF Company Information
- 4.3.2 BASF Business Overview
- 4.3.3 BASF Menthol Sales, Revenue and Gross Margin (2021-2026)
- 4.3.4 BASF Menthol Product Portfolio
- 4.3.5 BASF Recent Developments
- 4.4 Takasago
- 4.4.1 Takasago Company Information
- 4.4.2 Takasago Business Overview
- 4.4.3 Takasago Menthol Sales, Revenue and Gross Margin (2021-2026)
- 4.4.4 Takasago Menthol Product Portfolio
- 4.4.5 Takasago Recent Developments
- 4.5 Arora Aromatics
- 4.5.1 Arora Aromatics Company Information
- 4.5.2 Arora Aromatics Business Overview
- 4.5.3 Arora Aromatics Menthol Sales, Revenue and Gross Margin (2021-2026)
- 4.5.4 Arora Aromatics Menthol Product Portfolio
- 4.5.5 Arora Aromatics Recent Developments
- 4.6 Swati Menthol & Allied Chem
- 4.6.1 Swati Menthol & Allied Chem Company Information
- 4.6.2 Swati Menthol & Allied Chem Business Overview
- 4.6.3 Swati Menthol & Allied Chem Menthol Sales, Revenue and Gross Margin (2021-2026)
- 4.6.4 Swati Menthol & Allied Chem Menthol Product Portfolio
- 4.6.5 Swati Menthol & Allied Chem Recent Developments
- 4.7 NecLife
- 4.7.1 NecLife Company Information
- 4.7.2 NecLife Business Overview
- 4.7.3 NecLife Menthol Sales, Revenue and Gross Margin (2021-2026)
- 4.7.4 NecLife Menthol Product Portfolio
- 4.7.5 NecLife Recent Developments
- 4.8 Bhagat Aromatics
- 4.8.1 Bhagat Aromatics Company Information
- 4.8.2 Bhagat Aromatics Business Overview
- 4.8.3 Bhagat Aromatics Menthol Sales, Revenue and Gross Margin (2021-2026)
- 4.8.4 Bhagat Aromatics Menthol Product Portfolio
- 4.8.5 Bhagat Aromatics Recent Developments
- 4.9 KM Chemicals
- 4.9.1 KM Chemicals Company Information
- 4.9.2 KM Chemicals Business Overview
- 4.9.3 KM Chemicals Menthol Sales, Revenue and Gross Margin (2021-2026)
- 4.9.4 KM Chemicals Menthol Product Portfolio
- 4.9.5 KM Chemicals Recent Developments
- 4.10 Silverline Chemicals
- 4.10.1 Silverline Chemicals Company Information
- 4.10.2 Silverline Chemicals Business Overview
- 4.10.3 Silverline Chemicals Menthol Sales, Revenue and Gross Margin (2021-2026)
- 4.10.4 Silverline Chemicals Menthol Product Portfolio
- 4.10.5 Silverline Chemicals Recent Developments
- 4.11 A.G. Industries
- 4.11.1 A.G. Industries Company Information
- 4.11.2 A.G. Industries Business Overview
- 4.11.3 A.G. Industries Menthol Sales, Revenue and Gross Margin (2021-2026)
- 4.11.4 A.G. Industries Menthol Product Portfolio
- 4.11.5 A.G. Industries Recent Developments
- 4.12 Mentha & Allied Products
- 4.12.1 Mentha & Allied Products Company Information
- 4.12.2 Mentha & Allied Products Business Overview
- 4.12.3 Mentha & Allied Products Menthol Sales, Revenue and Gross Margin (2021-2026)
- 4.12.4 Mentha & Allied Products Menthol Product Portfolio
- 4.12.5 Mentha & Allied Products Recent Developments
- 4.13 Neeru Enterprises
- 4.13.1 Neeru Enterprises Company Information
- 4.13.2 Neeru Enterprises Business Overview
- 4.13.3 Neeru Enterprises Menthol Sales, Revenue and Gross Margin (2021-2026)
- 4.13.4 Neeru Enterprises Menthol Product Portfolio
- 4.13.5 Neeru Enterprises Recent Developments
- 4.14 Vinayak
- 4.14.1 Vinayak Company Information
- 4.14.2 Vinayak Business Overview
- 4.14.3 Vinayak Menthol Sales, Revenue and Gross Margin (2021-2026)
- 4.14.4 Vinayak Menthol Product Portfolio
- 4.14.5 Vinayak Recent Developments
- 4.15 Hindustan Mint&Agro Products
- 4.15.1 Hindustan Mint&Agro Products Company Information
- 4.15.2 Hindustan Mint&Agro Products Business Overview
- 4.15.3 Hindustan Mint&Agro Products Menthol Sales, Revenue and Gross Margin (2021-2026)
- 4.15.4 Hindustan Mint&Agro Products Menthol Product Portfolio
- 4.15.5 Hindustan Mint&Agro Products Recent Developments
- 4.16 Nantong Menthol Factory
- 4.16.1 Nantong Menthol Factory Company Information
- 4.16.2 Nantong Menthol Factory Business Overview
- 4.16.3 Nantong Menthol Factory Menthol Sales, Revenue and Gross Margin (2021-2026)
- 4.16.4 Nantong Menthol Factory Menthol Product Portfolio
- 4.16.5 Nantong Menthol Factory Recent Developments
- 4.17 Tienyuan Chem
- 4.17.1 Tienyuan Chem Company Information
- 4.17.2 Tienyuan Chem Business Overview
- 4.17.3 Tienyuan Chem Menthol Sales, Revenue and Gross Margin (2021-2026)
- 4.17.4 Tienyuan Chem Menthol Product Portfolio
- 4.17.5 Tienyuan Chem Recent Developments
- 4.18 Fengle Perfume
- 4.18.1 Fengle Perfume Company Information
- 4.18.2 Fengle Perfume Business Overview
- 4.18.3 Fengle Perfume Menthol Sales, Revenue and Gross Margin (2021-2026)
- 4.18.4 Fengle Perfume Menthol Product Portfolio
- 4.18.5 Fengle Perfume Recent Developments
- 4.19 Yinfeng Pharma
- 4.19.1 Yinfeng Pharma Company Information
- 4.19.2 Yinfeng Pharma Business Overview
- 4.19.3 Yinfeng Pharma Menthol Sales, Revenue and Gross Margin (2021-2026)
- 4.19.4 Yinfeng Pharma Menthol Product Portfolio
- 4.19.5 Yinfeng Pharma Recent Developments
- 4.20 Great Nation Essential Oils
- 4.20.1 Great Nation Essential Oils Company Information
- 4.20.2 Great Nation Essential Oils Business Overview
- 4.20.3 Great Nation Essential Oils Menthol Sales, Revenue and Gross Margin (2021-2026)
- 4.20.4 Great Nation Essential Oils Menthol Product Portfolio
- 4.20.5 Great Nation Essential Oils Recent Developments
- 4.21 Xiangsheng Perfume
- 4.21.1 Xiangsheng Perfume Company Information
- 4.21.2 Xiangsheng Perfume Business Overview
- 4.21.3 Xiangsheng Perfume Menthol Sales, Revenue and Gross Margin (2021-2026)
- 4.21.4 Xiangsheng Perfume Menthol Product Portfolio
- 4.21.5 Xiangsheng Perfume Recent Developments
- 4.22 Ifan Chem
- 4.22.1 Ifan Chem Company Information
- 4.22.2 Ifan Chem Business Overview
- 4.22.3 Ifan Chem Menthol Sales, Revenue and Gross Margin (2021-2026)
- 4.22.4 Ifan Chem Menthol Product Portfolio
- 4.22.5 Ifan Chem Recent Developments
5 Global Menthol Market Scenario by Region
- 5.1 Global Menthol Market Size by Region: 2021 VS 2025 VS 2032
- 5.2 Global Menthol Sales by Region: 2021-2032
- 5.2.1 Global Menthol Sales by Region: 2021-2026
- 5.2.2 Global Menthol Sales by Region: 2027-2032
- 5.3 Global Menthol Revenue by Region: 2021-2032
- 5.3.1 Global Menthol Revenue by Region: 2021-2026
- 5.3.2 Global Menthol Revenue by Region: 2027-2032
- 5.4 North America Menthol Market Facts & Figures by Country
- 5.4.1 North America Menthol Market Size by Country: 2021 VS 2025 VS 2032
- 5.4.2 North America Menthol Sales by Country (2021-2032)
- 5.4.3 North America Menthol Revenue by Country (2021-2032)
- 5.4.4 United States
- 5.4.5 Canada
- 5.4.6 Mexico
- 5.5 Europe Menthol Market Facts & Figures by Country
- 5.5.1 Europe Menthol Market Size by Country: 2021 VS 2025 VS 2032
- 5.5.2 Europe Menthol Sales by Country (2021-2032)
- 5.5.3 Europe Menthol Revenue by Country (2021-2032)
- 5.5.4 Germany
- 5.5.5 France
- 5.5.6 U.K.
- 5.5.7 Italy
- 5.5.8 Russia
- 5.5.9 Spain
- 5.5.10 Netherlands
- 5.5.11 Switzerland
- 5.5.12 Sweden
- 5.5.13 Poland
- 5.6 Asia Pacific Menthol Market Facts & Figures by Country
- 5.6.1 Asia Pacific Menthol Market Size by Country: 2021 VS 2025 VS 2032
- 5.6.2 Asia Pacific Menthol Sales by Country (2021-2032)
- 5.6.3 Asia Pacific Menthol Revenue by Country (2021-2032)
- 5.6.4 China
- 5.6.5 Japan
- 5.6.6 South Korea
- 5.6.7 India
- 5.6.8 Australia
- 5.6.9 Taiwan
- 5.6.10 Southeast Asia
- 5.7 South America Menthol Market Facts & Figures by Country
- 5.7.1 South America Menthol Market Size by Country: 2021 VS 2025 VS 2032
- 5.7.2 South America Menthol Sales by Country (2021-2032)
- 5.7.3 South America Menthol Revenue by Country (2021-2032)
- 5.7.4 Brazil
- 5.7.5 Argentina
- 5.7.6 Chile
- 5.8 Middle East and Africa Menthol Market Facts & Figures by Country
- 5.8.1 Middle East and Africa Menthol Market Size by Country: 2021 VS 2025 VS 2032
- 5.8.2 Middle East and Africa Menthol Sales by Country (2021-2032)
- 5.8.3 Middle East and Africa Menthol Revenue by Country (2021-2032)
- 5.8.4 Egypt
- 5.8.5 South Africa
- 5.8.6 Israel
- 5.8.7 Türkiye
- 5.8.8 GCC Countries
6 Segment by Type
- 6.1 Global Menthol Sales by Type (2021-2032)
- 6.1.1 Global Menthol Sales by Type (2021-2032) & (MT)
- 6.1.2 Global Menthol Sales Market Share by Type (2021-2032)
- 6.2 Global Menthol Revenue by Type (2021-2032)
- 6.2.1 Global Menthol Sales by Type (2021-2032) & (US$ Million)
- 6.2.2 Global Menthol Revenue Market Share by Type (2021-2032)
- 6.3 Global Menthol Price by Type (2021-2032)
7 Segment by Application
- 7.1 Global Menthol Sales by Application (2021-2032)
- 7.1.1 Global Menthol Sales by Application (2021-2032) & (MT)
- 7.1.2 Global Menthol Sales Market Share by Application (2021-2032)
- 7.2 Global Menthol Revenue by Application (2021-2032)
- 7.2.1 Global Menthol Sales by Application (2021-2032) & (US$ Million)
- 7.2.2 Global Menthol Revenue Market Share by Application (2021-2032)
- 7.3 Global Menthol Price by Application (2021-2032)
8 Value Chain and Sales Channels Analysis of the Market
- 8.1 Menthol Value Chain Analysis
- 8.1.1 Menthol Key Raw Materials
- 8.1.2 Raw Materials Key Suppliers
- 8.1.3 Menthol Production Mode & Process
- 8.2 Menthol Sales Channels Analysis
- 8.2.1 Direct Comparison with Distribution Share
- 8.2.2 Menthol Distributors
- 8.2.3 Menthol Customers
9 Global Menthol Analyzing Market Dynamics
- 9.1 Menthol Industry Trends
- 9.2 Menthol Industry Drivers
- 9.3 Menthol Industry Opportunities and Challenges
- 9.4 Menthol Industry Restraints
10 Report Conclusion
11 Disclaimer
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