Market Overview:
The global high purity menthol market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for high purity menthol from various applications such as pharmaceuticals, cosmetics, oral hygiene, food and beverages, and others. Additionally, the growing awareness about the benefits of using high purity menthol is also contributing to the growth of this market.
Product Definition:
High Purity Menthol is a purified form of menthol that has a higher purity than the menthol that is found in nature. It is often used in products such as mouthwash, toothpaste, and candy to give them a minty flavor and cooling sensation.
99%~99.95%:
It is a clear, colorless and highly viscous liquid that has menthol as its major component. It is manufactured by the esterification of menthone with fatty acid methyl esters. The product finds application in various industries such as cosmetics, pharmaceuticals and food among others.
＞99.95%:
It is a clear, colorless and highly viscous liquid that has been the key component in developing high-purity menthol. It is manufactured by fractional distillation of oil from wintergreen leaves which contain ketones at a temperature of approximately 99.95%. The product name comes from its boiling point on the coldest day during December (i.e., when there are very few if any leaves left on the trees).
Application Insights:
High purity menthol is used in various applications including pharmaceuticals, cosmetics, oral hygiene, food and beverages and others. In terms of revenue, the food and beverage segment dominated the global market with a share of over 30% in 2017. The growing popularity of minty fresh products such as chewing gums and candies is expected to be a key factor driving product demand in this application segment over the forecast period.
The high purity menthol market by application can be broadly categorized into two segments namely pharmaceuticals & cosmetics and food & beverages. The increasing use of cooling agents for manufacturing pharmaceutical products to reduce feverishness is anticipated to drive product demand from pharma industry which has been one of its major consumers globally since its inception during World War I when it was first used as an anti-nausea agent by Procter & Gamble Company for their Vicks inhalers production line at their facility located at Dayton Ohio U.S.
Regional Analysis:
Asia Pacific emerged as the largest regional market in 2017. The region is expected to dominate the global market over the forecast period owing to high product demand from various application sectors, including pharmaceuticals, cosmetics and oral hygiene products. China and India are projected to be key contributors towards increasing global product consumption in this region during the forecast period.
The European market for high purity menthol was valued at USD X million in 2017 and is expected to grow at a significant rate over the forecast period owing to rising consumer awareness regarding health issues associated with tobacco smoking coupled with stringent regulations on tobacco manufacturing by various governments across Europe are likely drive industry growth over this time span.
North America accounted for a significant share of revenue generated by 99%+ products due its growing demand from end-use industries such as food & beverage, pharmaceuticals, cosmetics among others; which has led it being called as an emerging economy within North America’s fragrance industry space.
Growth Factors:
- Increasing demand for menthol in various applications such as food, beverages, and personal care products is expected to drive the market growth.
- Rising awareness about the benefits of menthol is anticipated to fuel the demand for high purity menthol in the near future.
- Growing use of high purity menthol in medical and pharmaceutical applications is projected to boost market growth over the forecast period.
- Increasing R&D activities by key players for developing new applications of high purity menthol is likely to propel market expansion during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
High Purity Menthol Market Research Report
By Type
99%~99.95%, ＞99.95%
By Application
Pharmaceuticals, Cosmetics, Oral Hygiene, Food and Beverages, Others
By Companies
BASF, Symrise, Takasago
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
170
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global High Purity Menthol Market Report Segments:
The global High Purity Menthol market is segmented on the basis of:
Types
99%~99.95%, ＞99.95%
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pharmaceuticals, Cosmetics, Oral Hygiene, Food and Beverages, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- Symrise
- Takasago
Highlights of The High Purity Menthol Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 99%~99.95%
- ＞99.95%
- By Application:
- Pharmaceuticals
- Cosmetics
- Oral Hygiene
- Food and Beverages
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the High Purity Menthol Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
High Purity Menthol is a menthol product that is made from pure, cold-pressed mint oil. It has a strong, refreshing smell and is often used as an ice cream flavor or to cool down products.
Some of the key players operating in the high purity menthol market are BASF, Symrise, Takasago.
The high purity menthol market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Purity Menthol Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 High Purity Menthol Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Purity Menthol Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the High Purity Menthol Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global High Purity Menthol Market Size & Forecast, 2020-2028
4.5.1 High Purity Menthol Market Size and Y-o-Y Growth
4.5.2 High Purity Menthol Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 99%~99.95%
5.2.2 ＞99.95%
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Pharmaceuticals
6.2.2 Cosmetics
6.2.3 Oral Hygiene
6.2.4 Food and Beverages
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Purity Menthol Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 High Purity Menthol Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 99%~99.95%
9.6.2 ＞99.95%
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Pharmaceuticals
9.10.2 Cosmetics
9.10.3 Oral Hygiene
9.10.4 Food and Beverages
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 99%~99.95%
10.6.2 ＞99.95%
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Pharmaceuticals
10.10.2 Cosmetics
10.10.3 Oral Hygiene
10.10.4 Food and Beverages
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 99%~99.95%
11.6.2 ＞99.95%
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Pharmaceuticals
11.10.2 Cosmetics
11.10.3 Oral Hygiene
11.10.4 Food and Beverages
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 99%~99.95%
12.6.2 ＞99.95%
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Pharmaceuticals
12.10.2 Cosmetics
12.10.3 Oral Hygiene
12.10.4 Food and Beverages
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 99%~99.95%
13.6.2 ＞99.95%
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Pharmaceuticals
13.10.2 Cosmetics
13.10.3 Oral Hygiene
13.10.4 Food and Beverages
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 High Purity Menthol Market: Competitive Dashboard
14.2 Global High Purity Menthol Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 Symrise
14.3.3 Takasago
