Global Menthol Market Share to expand at 7.17% CAGR through 2028

Date: February 10, 2023

Global Menthol Market Share to expand at 7.17% CAGR through 2028

According to industry experts, global Menthol Market accumulated a valuation worth USD 768.84 million in 2022 and is estimated to reach USD 1,248.47 million by 2028, recording a CAGR of 7.17% during the forecast period.

'Global Menthol Market’ study offers a thorough analysis of this industry sector with a focus on crucial elements including the factors influencing growth as well as those likely to limit its progress during the estimated timeline. Additionally, it assesses the income potential of each submarket independently to help stakeholders understand the overall size and scope of this sector. Moving forward, in order to fully grasp the complexity of the competitive landscape, Porter's five forces model is also used.

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COVID-19 impact:

The COVID-19 outbreak, which started in China in late 2019, expanded quickly and caught the majority of the world by surprise, causing a health and economic crisis with long-term repercussions. Governments and businesses alike have been forced to prioritize public health over economic principles, adapt, and reinvent in order to stop the spread due to the seriousness of the threat. It is projected that the coronavirus will have a mild impact on the overall expansion of worldwide menthol market. Furthermore, it is anticipated that the market for menthol cigarettes is expected to witness a steep decline, while demand for menthol, a fundamental component of essential oils used in aromatherapy, is likely to increase. The market is likely to develop steadily over the next few years, as a result of the rising usage of menthol in cough drops, nasal sprays, and nasal inhalers.

Segmentation & Regional Overview:

The marketplace is bifurcated on the basis of type and application. Based on type, the industry is divided into synthetical menthol and natural menthol. With respect to the application landscape, worldwide menthol market is fragmented into confectionaries, tobacco, pharmaceuticals, oral hygiene, and others.

North America, Latin America, Asia Pacific, Europe, and Middle East & Africa are the vital geographical regions that make a significant contribution to the market's overall revenue.

Competitive Analysis:

In order to increase revenue through the required timeframe, major companies have started using cutting-edge strategies. To provide new competitors with a clear picture of the current situation, the report includes a detailed assessment of the competitive landscape.

Ifan Chem Company, Jiangsu Xiangsheng Perfume Co. Ltd., Anhui Great Nation Essential Oils Co. Ltd., Anhui Yinfeng Pharmaceutical Co. Ltd., Anhui Fengle Perfume Co. Ltd., Tien-Yuan Chen, China Chemical & Pharm Co. Ltd., Nantong Menthol Factory Co. Ltd., Hindustan Mint & Agro Products Pvt. Ltd., Vinayak Group, Neeru Enterprises, Mentha & Allied Products Private Limited, A.G.Industries Pvt. Ltd., Silverline Chemicals Limited, K.M. Chemicals Pvt. Ltd., Bhagat Aromatics Limited, Nectar Lifesciences Limited, Swati Menthol And Allied Chemicals Limited, Arora Aromatic Pvt. Ltd., Takasago International Corporation, BASF SE, Symrise AG, and Agson Global Private Limited are some of the top commercial titans highlighted in the study on global menthol industry.

FAQs:

How are the different segments in global menthol market bifurcated by type?

A: Synthetical menthol and natural menthol are the types assessed in the study of global menthol industry.

How can interested parties benefit from this report?

A: With respect to the past, present, and future prospects of this industry vertical, the study examines crucial variables like size, shares, driving forces, restraints, and challenges, making it quite useful for the interested parties.

Which are the prominent companies influencing global menthol market dynamics?

A: Ifan Chem Company, Jiangsu Xiangsheng Perfume Co. Ltd., Anhui Great Nation Essential Oils Co. Ltd., Anhui Yinfeng Pharmaceutical Co. Ltd., Anhui Fengle Perfume Co. Ltd., Tien-Yuan Chen, China Chemical & Pharm Co. Ltd., Nantong Menthol Factory Co. Ltd., Hindustan Mint & Agro Products Pvt. Ltd., Vinayak Group, Neeru Enterprises, Mentha & Allied Products Private Limited, A.G.Industries Pvt. Ltd., Silverline Chemicals Limited, K.M. Chemicals Pvt. Ltd., Bhagat Aromatics Limited, Nectar Lifesciences Limited, Swati Menthol And Allied Chemicals Limited, Arora Aromatic Pvt. Ltd., Takasago International Corporation, BASF SE, Symrise AG, and Agson Global Private Limited are some of the top commercial titans highlighted in the study on global menthol industry.

Which geographical areas are critical to global menthol market?

A: Asia Pacific, North America, Europe, Latin America, and Middle East & Africa are the key regions contributing to market revenue.

What is the size of worldwide menthol industry?

A: Global menthol market accumulated a valuation worth USD 768.84 million in 2022 and is estimated to reach USD 1,248.47 million by 2028, recording a CAGR of 7.17% during the forecast period.

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