Market Overview:
The global menthol essential oil market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The growth in the market can be attributed to the increasing demand for menthol essential oil in various applications such as online sales and offline sales. Moreover, rising awareness about the benefits of menthol essential oil is also propelling the growth of this market. Based on type, natural menthol essential oil accounted for a larger share of the global market in 2017. This can be attributed to its numerous health benefits over synthetic menthol essential oils. However, synthetic menthol Essential oils are witnessing a higher growth rate owing to their lower price point and easy availability as compared to natural Menthol Essential Oils .
Product Definition:
Menthol is a natural compound extracted from mint oils. It has a refreshing, cooling sensation when used topically on the skin and is known to help ease muscle pain and tension. Menthol essential oil can be used in aromatherapy to promote relaxation and stress relief.
Natural Menthol Essential Oil:
Natural menthol essential oil is a volatile, colorless liquid with a strong aroma. It is obtained from the leaves of the plant called Mentha arvensis and other related species. The major sources of natural menthol essential oil are China, India, Brazil and Australia.
Synthetic Menthol Essential Oil:
Synthetic menthol essential oil is a product that has been created in a laboratory by the process of chemical synthesis. It is also known as paraffin-wax oil or petrochemical-based menthol. Synthetic Menthol Essential Oil (SME) contains an identical quantity of chemicals (menthone and isoamyl acetate) to that of natural mint essential oil, however, it has been produced in a lab from petroleum sources instead of plant materials.
Application Insights:
The application segment includes online and offline sales. The online sales dominated the global market with a revenue share of over 60% in 2017. This is attributed to the ease of access and availability of products through e-commerce platforms, which has resulted in an increased demand for MEOO globally. Offline sales are expected to witness a significant growth rate owing to increasing penetration in countries such as India, China, Thailand, Japan and Australia among others.
In terms of revenue, OOH accounted for USD 801 million in 2017 due to high advertising costs incurred by manufacturers while advertising their products through TV commercials & radio jingles across various markets globally including North America & Europe Latin America Middle East Africa Asia Pacific).
Regional Analysis:
Asia Pacific is expected to be the largest market for global menthol essential oil over the forecast period. The region accounted for a volume share of more than 60% in 2017 and is anticipated to witness significant growth over the forecast period owing to rising product demand from various application segments, including cosmetics, aromatherapy, and massage oils. China has been one of the largest producers of natural products such as camphor and borneol since antiquity. It also produces large quantities of synthetic products such as dipropylene glycol monocaproyl lactone (DGML) that are used in food processing applications along with other countries due to its low cost compared to those produced from natural sources.
Growth Factors:
- Increasing demand for menthol in food and beverage industry as a flavoring agent.
- Rising popularity of menthol-based personal care products for its refreshing and cooling properties.
- Growing use of menthol in therapeutic applications such as aromatherapy, massage therapy, and inhalation therapy.
- Increasing demand from the emerging markets of Asia Pacific and Latin America regions.
- Technological advancements that are resulting in the development of new Mentha arvensis strains with high levels of menthol content
Scope Of The Report
Report Attributes
Report Details
Report Title
Menthol Essential Oil Market Research Report
By Type
Natural Menthol Essential Oil, Synthetic Menthol Essential Oil
By Application
Online Sales, Offline Sales
By Companies
doTERRA, Healing Solutions, Mystic Moments, Silky Scents, NOW Foods, Greenhealth, Majestic Pure, Oakland Gardens, Aramacs, Creation Pharm, Artizen, Sun Organic, Essential Oil Labs, Alpinola, Essential Oil of New Zealand, Sydney Essential Oil
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
138
Number of Tables & Figures
97
Customization Available
Yes, the report can be customized as per your need.
Global Menthol Essential Oil Market Report Segments:
The global Menthol Essential Oil market is segmented on the basis of:
Types
Natural Menthol Essential Oil, Synthetic Menthol Essential Oil
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
Online Sales, Offline Sales
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:
- doTERRA
- Healing Solutions
- Mystic Moments
- Silky Scents
- NOW Foods
- Greenhealth
- Majestic Pure
- Oakland Gardens
- Aramacs
- Creation Pharm
- Artizen
- Sun Organic
- Essential Oil Labs
- Alpinola
- Essential Oil of New Zealand
- Sydney Essential Oil
Highlights of The Menthol Essential Oil 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:
- Natural Menthol Essential Oil
- Synthetic Menthol Essential Oil
- By Application:
- Online Sales
- Offline Sales
- 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 Essential Oil 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 is a natural oil that comes from the mint plant. It has a cooling effect and can be used to treat colds and flu symptoms.
Some of the major players in the menthol essential oil market are doTERRA, Healing Solutions, Mystic Moments, Silky Scents, NOW Foods, Greenhealth, Majestic Pure, Oakland Gardens, Aramacs, Creation Pharm, Artizen, Sun Organic, Essential Oil Labs, Alpinola, Essential Oil of New Zealand, Sydney Essential Oil.
The menthol essential oil market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Menthol Essential Oil 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 Essential Oil Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Menthol Essential Oil 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 Essential Oil 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 Essential Oil Market Size & Forecast, 2018-2028
4.5.1 Menthol Essential Oil Market Size and Y-o-Y Growth
4.5.2 Menthol Essential Oil Market Absolute $ Opportunity
Chapter 5 Global Menthol Essential Oil 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 Essential Oil Market Size Forecast by Type
5.2.1 Natural Menthol Essential Oil
5.2.2 Synthetic Menthol Essential Oil
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Menthol Essential Oil 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 Essential Oil Market Size Forecast by Applications
6.2.1 Online Sales
6.2.2 Offline Sales
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Menthol Essential Oil 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 Essential Oil 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 Essential Oil Analysis and Forecast
9.1 Introduction
9.2 North America Menthol Essential Oil 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 Essential Oil Market Size Forecast by Type
9.6.1 Natural Menthol Essential Oil
9.6.2 Synthetic Menthol Essential Oil
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 Essential Oil Market Size Forecast by Applications
9.10.1 Online Sales
9.10.2 Offline Sales
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 Essential Oil Analysis and Forecast
10.1 Introduction
10.2 Europe Menthol Essential Oil 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 Essential Oil Market Size Forecast by Type
10.6.1 Natural Menthol Essential Oil
10.6.2 Synthetic Menthol Essential Oil
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 Essential Oil Market Size Forecast by Applications
10.10.1 Online Sales
10.10.2 Offline Sales
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 Essential Oil Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Menthol Essential Oil 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 Essential Oil Market Size Forecast by Type
11.6.1 Natural Menthol Essential Oil
11.6.2 Synthetic Menthol Essential Oil
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 Essential Oil Market Size Forecast by Applications
11.10.1 Online Sales
11.10.2 Offline Sales
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 Essential Oil Analysis and Forecast
12.1 Introduction
12.2 Latin America Menthol Essential Oil 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 Essential Oil Market Size Forecast by Type
12.6.1 Natural Menthol Essential Oil
12.6.2 Synthetic Menthol Essential Oil
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 Essential Oil Market Size Forecast by Applications
12.10.1 Online Sales
12.10.2 Offline Sales
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 Essential Oil Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Menthol Essential Oil 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 Essential Oil Market Size Forecast by Type
13.6.1 Natural Menthol Essential Oil
13.6.2 Synthetic Menthol Essential Oil
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 Essential Oil Market Size Forecast by Applications
13.10.1 Online Sales
13.10.2 Offline Sales
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 Essential Oil Market: Competitive Dashboard
14.2 Global Menthol Essential Oil Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 doTERRA
14.3.2 Healing Solutions
14.3.3 Mystic Moments
14.3.4 Silky Scents
14.3.5 NOW Foods
14.3.6 Greenhealth
14.3.7 Majestic Pure
14.3.8 Oakland Gardens
14.3.9 Aramacs
14.3.10 Creation Pharm
14.3.11 Artizen
14.3.12 Sun Organic
14.3.13 Essential Oil Labs
14.3.14 Alpinola
14.3.15 Essential Oil of New Zealand
14.3.16 Sydney Essential Oil
