Synthetic Menthol Prices

Synthetic Menthol Prices December 2023

The price of synthetic menthol in India for Q4 2023 reached 23 USD/KG in December.

Synthetic Menthol Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Synthetic Menthol Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of synthetic menthol pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of synthetic menthol at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of synthetic menthol price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing synthetic menthol price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Synthetic Menthol Market Analysis

The global synthetic menthol market size reached US$ 265.6 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 394.67 Million, at a projected CAGR of 4.50% during 2023-2032.

• One of the primary factors driving the global synthetic menthol market is the increasing demand within the pharmaceutical industry. Synthetic menthol is widely used in various medicinal and therapeutic products due to its analgesic, anti-inflammatory, and cooling properties. It is a key ingredient in ointments, balms, cough syrups, and lozenges. The pharmaceutical industry is expanding rapidly, especially in developing economies, leading to a higher demand for synthetic menthol. According to INVEST INDIA, India pharmaceutical industry has reached US$ 65 Billion by 2024 and is expected to reach US$ 130 Billion by 2030. This growth is driven by increasing health awareness, an aging population, and the prevalence of chronic diseases, which collectively boost the demand for therapeutic products containing synthetic menthol.
• The personal care and cosmetic industry are another major driver of the global synthetic menthol market. Synthetic menthol is extensively used in products such as toothpaste, mouthwash, deodorants, and skin creams for its refreshing, cooling sensation and pleasant aroma. The growing consumer preference for hygiene and grooming products has significantly increased the demand for synthetic menthol. According to the IMARC GROUP, the global beauty and personal care products industry reached US$ 506.2 Billion in 2023, and is expected to reach US$ 759.3 Billion by 2032, exhibiting a CAGR of 4.5% during 2024-2032. This growth is fueled by factors such as rising disposable incomes, urbanization, and a growing middle-class population in emerging markets. Consumers are increasingly inclined toward products that offer enhanced sensory experiences, further propelling the demand for synthetic menthol.
• The food and beverage industry represents another significant factor driving the synthetic menthol market. Synthetic menthol is used as a flavoring agent in various food products, including confectioneries, chewing gums, and beverages, to impart a refreshing taste and aroma. The global trend toward innovative and exotic flavors in the food and beverage industry has led to an increased utilization of synthetic menthol. As per the IMARC GROUP, the global food flavors market has reached US$ 16.9 Billion in 2023, and is expected to reach US$ 23.7 Billion by 2032, exhibiting a CAGR of 3.8% during 2024-2032. This expansion is driven by consumer demand for new and exciting flavors, as well as the growing popularity of functional foods and beverages that offer health benefits. Synthetic menthol plays a crucial role in providing the desired sensory characteristics in these products.

Synthetic Menthol News

The report covers the latest developments, updates, and trends impacting the global synthetic menthol market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in synthetic menthol production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the synthetic menthol price trend.

Latest developments in the synthetic menthol industry:

• In 2023, Cigarette makers were using synthetic menthol substitutes to bypass imminent federal menthol bans, potentially attracting younger and newer smokers, according to researchers at DUKE HEALTH IN DURHAM, N.C. and YALE UNIVERSITY in NEW HAVEN, CONN. These cigarettes have been introduced in the UNITED STATES in advance of a U.S. FOOD and DRUG ADMINISTRATION ban later this year.

Product Description

Synthetic menthol is a chemically produced version of menthol, a compound known for its cooling and minty properties, commonly found in peppermint and other mint oils. Unlike natural menthol, which is extracted from mint plants, synthetic menthol is created through an industrial process, typically starting from thymol or m-cresol. This process involves several chemical reactions that transform these precursors into menthol, resulting in a product that is chemically identical to natural menthol. The consistency and purity of synthetic menthol are advantageous for various applications, ensuring a uniform quality that can be difficult to achieve with natural sources.

Synthetic menthol is widely used in pharmaceuticals, personal care products, and the food and beverage industry. It provides a cooling sensation and minty flavor in products such as cough syrups, ointments, toothpaste, mouthwashes, chewing gums, and confectioneries. Additionally, synthetic menthol is favored for its stability and reliability, making it an essential ingredient in many consumer goods where precise formulation and consistent performance are critical

Regional Coverage

The report provides a detailed analysis of the synthetic menthol market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the synthetic menthol price trend.  

Global Synthetic Menthol Price

The report offers a holistic view of the global synthetic menthol pricing trends in the form of synthetic menthol price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of synthetic menthol but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed synthetic menthol demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Synthetic Menthol Price

European synthetic menthol prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

This analysis can be extended to include detailed synthetic menthol price information for a comprehensive list of countries.

North America Synthetic Menthol Price

The analysis of synthetic menthol prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.

Specific synthetic menthol historical data within the United States and Canada can also be provided.

Middle East and Africa Synthetic Menthol Price

The report explores the synthetic menthol pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on synthetic menthol prices for countries can also be provided.

Asia Pacific Synthetic Menthol Price

The synthetic menthol pricing trends in Asia Pacific are examined, reflecting the role of the region as a major global production hub and consumer market, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.

This synthetic menthol price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Synthetic Menthol Price

The analysis of synthetic menthol prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of synthetic menthol pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting synthetic menthol price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The synthetic menthol price charts ensure our clients remain at the forefront of the industry.