Market Overview:
The global menthol crystal market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for menthol crystals in pharmaceutical formulations, cosmetics, and flavoring industries. Additionally, increasing awareness about the benefits of menthol crystals is also contributing to the growth of this market. However, volatility in prices of raw materials used for manufacturing menthol crystals may restrain the growth of this market during the forecast period. On the basis of type, synthetic menthol crystal segment is expected to account for a major share in terms revenue contribution followed by plant extracts segment over 2018-2030 owing higher adoption rates across various applications including pharmaceuticals & nutraceuticals products and cosmetics industry verticals globally .
Product Definition:
Menthol crystals are a natural product extracted from the peppermint plant. They are used as a flavoring and cooling agent in food, tobacco, and other products.
Plant Extracts:
Plant extracts are the concentrated essence of plants. They contain bioactive compounds such as flavonoids, tannins, terpenoids and phenolic acids which have health benefits when consumed in appropriate quantities. Plant extracts can be obtained from both natural and synthetic sources. Natural plant extracts are obtained from fresh or dried plant material while synthetic ones are manufactured in laboratories using chemical synthesis or fermentation processes.
Synthetic:
Synthetic is a man-made material, which is produced in laboratories using chemical synthesis. It has the same molecular structure as that of natural crystals/fragrances but with different atoms substituted for the regular carbon chains. Synthetic crystals/fragrances have no direct substitutes and are considered to be unique in their field due to their exceptional fragrance properties.
Application Insights:
The pharmaceutical formulations segment dominated the global market in 2017. The use of menthol crystals in cough syrups, cold tablets and gels, lozenges, and powders is very common owing to its ability to provide relief from nasal congestion, headaches and other similar ailments. Moreover, increasing the adoption of electronic cigarettes is expected to drive demand for menthol crystal over the forecast period as it provides a cooler smoking experience without any additional chemicals or additives.
The cosmetics industry also plays an important role in shaping consumer behavior regarding new product innovation. In recent years there has been a surge in skin care products that contain natural ingredients such as green tea extract which helps improve skin elasticity and minimize wrinkles caused due to aging process naturally without side effects or adverse reactions on users¢â‚¬â„¢ skin tone & texture like some chemical-based products do have (read more about this trend here).
Regional Analysis:
North America was the largest regional market in 2017 owing to high demand from the pharmaceutical, cosmetics and food & beverage industries. The U.S., which is at the forefront of this industry, has witnessed a surge in product innovation with menthol being used as an active ingredient in many products such as lozenges, candies and chewing gums.
Asia Pacific is expected to be one of the fastest-growing markets over the forecast period owing to rising product consumption across various applications especially in China and India due to its favorable weather conditions for growing mint plants that yield high Mentha oil contentment yields per plant.
Growth Factors:
- Increasing demand for menthol cigarettes in the developing countries due to its refreshing and cooling properties.
- Rising awareness about the health benefits of menthol crystals among consumers, especially women and young adults, which is likely to boost demand over the forecast period.
- Growing popularity of aromatherapy and use of menthol crystals as a natural ingredient for various therapeutic purposes is expected to fuel market growth in the near future.
- Rising disposable income levels coupled with changing lifestyle trends are anticipated to create lucrative opportunities for key players operating in the global Menthol Crystal market over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Menthol Crystal Market Research Report
By Type
Plant Extracts, Synthetic
By Application
Pharmaceutical Formulations, Cosmetics, Flavoring Industries
By Companies
Takasago International Corporation, Expo Essential Oils, KM Chemicals, NS Mint Products Pvt, Achisa International, AG Industries, Bhagat Aromatics Ltd
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Menthol Crystal Market Report Segments:
The global Menthol Crystal market is segmented on the basis of:
Types
Plant Extracts, Synthetic
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
Pharmaceutical Formulations, Cosmetics, Flavoring Industries
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:
- Takasago International Corporation
- Expo Essential Oils
- KM Chemicals
- NS Mint Products Pvt
- Achisa International
- AG Industries
- Bhagat Aromatics Ltd
Highlights of The Menthol Crystal 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:
- Plant Extracts
- Synthetic
- By Application:
- Pharmaceutical Formulations
- Cosmetics
- Flavoring Industries
- 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 Menthol Crystal 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?
Menthol crystals are a type of vaporizer cartridge that uses menthol to produce a cooling sensation when inhaled.
Some of the major players in the menthol crystal market are Takasago International Corporation, Expo Essential Oils, KM Chemicals, NS Mint Products Pvt, Achisa International, AG Industries, Bhagat Aromatics Ltd.
The menthol crystal 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 Menthol Crystal 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 Menthol Crystal Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Menthol Crystal 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 Menthol Crystal 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 Menthol Crystal Market Size & Forecast, 2018-2028
4.5.1 Menthol Crystal Market Size and Y-o-Y Growth
4.5.2 Menthol Crystal Market Absolute $ Opportunity
Chapter 5 Global Menthol Crystal 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 Menthol Crystal Market Size Forecast by Type
5.2.1 Plant Extracts
5.2.2 Synthetic
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Menthol Crystal 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 Menthol Crystal Market Size Forecast by Applications
6.2.1 Pharmaceutical Formulations
6.2.2 Cosmetics
6.2.3 Flavoring Industries
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Menthol Crystal 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 Menthol Crystal 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 Menthol Crystal Analysis and Forecast
9.1 Introduction
9.2 North America Menthol Crystal 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 Menthol Crystal Market Size Forecast by Type
9.6.1 Plant Extracts
9.6.2 Synthetic
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 Menthol Crystal Market Size Forecast by Applications
9.10.1 Pharmaceutical Formulations
9.10.2 Cosmetics
9.10.3 Flavoring Industries
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 Menthol Crystal Analysis and Forecast
10.1 Introduction
10.2 Europe Menthol Crystal 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 Menthol Crystal Market Size Forecast by Type
10.6.1 Plant Extracts
10.6.2 Synthetic
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 Menthol Crystal Market Size Forecast by Applications
10.10.1 Pharmaceutical Formulations
10.10.2 Cosmetics
10.10.3 Flavoring Industries
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 Menthol Crystal Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Menthol Crystal 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 Menthol Crystal Market Size Forecast by Type
11.6.1 Plant Extracts
11.6.2 Synthetic
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 Menthol Crystal Market Size Forecast by Applications
11.10.1 Pharmaceutical Formulations
11.10.2 Cosmetics
11.10.3 Flavoring Industries
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 Menthol Crystal Analysis and Forecast
12.1 Introduction
12.2 Latin America Menthol Crystal 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 Menthol Crystal Market Size Forecast by Type
12.6.1 Plant Extracts
12.6.2 Synthetic
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 Menthol Crystal Market Size Forecast by Applications
12.10.1 Pharmaceutical Formulations
12.10.2 Cosmetics
12.10.3 Flavoring Industries
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) Menthol Crystal Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Menthol Crystal 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) Menthol Crystal Market Size Forecast by Type
13.6.1 Plant Extracts
13.6.2 Synthetic
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) Menthol Crystal Market Size Forecast by Applications
13.10.1 Pharmaceutical Formulations
13.10.2 Cosmetics
13.10.3 Flavoring Industries
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 Menthol Crystal Market: Competitive Dashboard
14.2 Global Menthol Crystal Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Takasago International Corporation
14.3.2 Expo Essential Oils
14.3.3 KM Chemicals
14.3.4 NS Mint Products Pvt
14.3.5 Achisa International
14.3.6 AG Industries
14.3.7 Bhagat Aromatics Ltd
