Menthol Market
English Public
Market Snapshot.
The menthol market is estimated to reach USD 1,352 million by 2033, growing at a CAGR of 4% during the forecast period 2023-2033.
Market overview.
Menthol is mainly extracted from mint plants and used to relieve inflammation and minor pain. Menthol is increasingly being added to several products, including beverages, chewing gum, candy and cough drops. As a result, the demand for menthol has consistently increased rapidly over the past few years. Meanwhile, applications of menthol in pharmaceuticals and aromatherapy are also likely to expand in the near future. The growth of the menthol market can be mainly attributed to factors such as the increasing demand for menthol cigarettes, the high demand for menthol as an analgesic and the increasing use of menthol in various medical products, including nasal sprays and ointments. There are. Furthermore, menthol is considered a safe and effective solution for treating minor pain without side effects. This has increased the demand for menthol during the forecast period.
Get a complete PDF sample copy of the report: https://www.sdki.jp/sample-request-111120
Menthol is used as an active ingredient in various over-the-counter (OTC)/non-prescription medicines. Topical products containing menthol are used by patients with a range of conditions, including pain associated with muscle tension, back pain, arthralgia and arthritis. These products provide a comforting and cooling sensation that relieves pain. Many developed countries have increased the range of OTC medicines available to consumers. In emerging economies, the use of OTC medicines has increased in recent years. The menthol market is therefore expected to grow in the coming years. Some people in the USA do not have health insurance. These people often buy OTC medicines from nearby retail outlets instead of visiting a healthcare provider for minor symptoms. Domestic OTC drug sales increased from USD 32,275 million in 2016 to USD 35,725 million in 2019. Hence, the increasing use of OTC medicines is expected to boost demand for menthol during the forecast period.
Menthol market segments
The menthol market is segmented on the basis of form (crystalline solid, powder and liquid), application (pharmaceuticals (ointments, cough medicines, nasal aspirants, etc.), flavourings/additives (food and beverages, tobacco, liqueurs, cosmetics, etc.), oral care and others) and region. These segments are further subdivided based on various factors and include some additional information about the market, such as compound annual growth rate of each segment and sub-segment, market value and volume during the assessment period.
Regional overview of the menthol market
The menthol market is further segmented on the basis of region, where the market growth in each country is assessed. The regions include North America (US, Canada, Rest of North America), Europe (Germany, France, Italy, Spain, UK, Rest of Europe), Asia Pacific (China, Japan, India, Australia, Singapore, Rest of Asia Pacific) and Rest of the World.
Competitive environment.
Key companies in the menthol market include BASF SE, Nectar Lifesciences Ltd, HINDUSTAN MINT & AGRO PRODUCTS PVT. LTD.(1/1), AG Industries, Cayman Chemical, Loba Chemie Pvt. Ltd. ., Shanghai M&U International Trade Co., Ltd, ARCHER-DANIELS-MIDLAND COMPANY, Takasago International Corporation, Symrise, Jindal Drugs Pvt. Ltd. This study includes detailed competitive analysis, company profiles, recent developments and key market strategies of these key players in the menthol market.
For more information on the market research report, visit: https://www.sdki.jp/reports/menthol-market/111120
The menthol market is estimated to reach USD 1,352 million by 2033, growing at a CAGR of 4% during the forecast period 2023-2033.
Market overview.
Menthol is mainly extracted from mint plants and used to relieve inflammation and minor pain. Menthol is increasingly being added to several products, including beverages, chewing gum, candy and cough drops. As a result, the demand for menthol has consistently increased rapidly over the past few years. Meanwhile, applications of menthol in pharmaceuticals and aromatherapy are also likely to expand in the near future. The growth of the menthol market can be mainly attributed to factors such as the increasing demand for menthol cigarettes, the high demand for menthol as an analgesic and the increasing use of menthol in various medical products, including nasal sprays and ointments. There are. Furthermore, menthol is considered a safe and effective solution for treating minor pain without side effects. This has increased the demand for menthol during the forecast period.
Get a complete PDF sample copy of the report: https://www.sdki.jp/sample-request-111120
Menthol is used as an active ingredient in various over-the-counter (OTC)/non-prescription medicines. Topical products containing menthol are used by patients with a range of conditions, including pain associated with muscle tension, back pain, arthralgia and arthritis. These products provide a comforting and cooling sensation that relieves pain. Many developed countries have increased the range of OTC medicines available to consumers. In emerging economies, the use of OTC medicines has increased in recent years. The menthol market is therefore expected to grow in the coming years. Some people in the USA do not have health insurance. These people often buy OTC medicines from nearby retail outlets instead of visiting a healthcare provider for minor symptoms. Domestic OTC drug sales increased from USD 32,275 million in 2016 to USD 35,725 million in 2019. Hence, the increasing use of OTC medicines is expected to boost demand for menthol during the forecast period.
Menthol market segments
The menthol market is segmented on the basis of form (crystalline solid, powder and liquid), application (pharmaceuticals (ointments, cough medicines, nasal aspirants, etc.), flavourings/additives (food and beverages, tobacco, liqueurs, cosmetics, etc.), oral care and others) and region. These segments are further subdivided based on various factors and include some additional information about the market, such as compound annual growth rate of each segment and sub-segment, market value and volume during the assessment period.
Regional overview of the menthol market
The menthol market is further segmented on the basis of region, where the market growth in each country is assessed. The regions include North America (US, Canada, Rest of North America), Europe (Germany, France, Italy, Spain, UK, Rest of Europe), Asia Pacific (China, Japan, India, Australia, Singapore, Rest of Asia Pacific) and Rest of the World.
Competitive environment.
Key companies in the menthol market include BASF SE, Nectar Lifesciences Ltd, HINDUSTAN MINT & AGRO PRODUCTS PVT. LTD.(1/1), AG Industries, Cayman Chemical, Loba Chemie Pvt. Ltd. ., Shanghai M&U International Trade Co., Ltd, ARCHER-DANIELS-MIDLAND COMPANY, Takasago International Corporation, Symrise, Jindal Drugs Pvt. Ltd. This study includes detailed competitive analysis, company profiles, recent developments and key market strategies of these key players in the menthol market.
For more information on the market research report, visit: https://www.sdki.jp/reports/menthol-market/111120
by akiariku
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