Menthol Market Segmentation, Trends, and Growth Assessment
The factors that are playing a major role in the growth of the market are the growing demand for fast moving consumer goods like pharmaceutical products, food & beverages, and personal care.
menthol market(firmenpresse) - Global menthol market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. Menthol is also termed as “peppermint camphor”, a terpene alcohol with a strong minty taste and cooling odor. It is mainly obtained from peppermint oil and is produced synthetically by hydrogenation of thymol. It is exclusively used medicinally in nasal inhalers, ointments, and cough drops.
The factors that are playing a major role in the growth of the market are the growing demand for fast moving consumer goods like pharmaceutical products, food & beverages, and personal care. However, the growing awareness regarding the harmful effects of over dosage of menthol may restrain overall market growth in the years to come. Menthol market is segmented based on product type, application, and region.
Synthetic and natural are the product types that could be explored in menthol market in the forecast period. The natural sector accounted for the substantial market share of menthol and is estimated to continue its dominance in the years to come.
The market may be categorized based on applications like personal care products, pharmaceuticals, food & beverages, oral hygiene, confectionaries, and others could be explored in the forecast period. The personal care sector accounted for the substantial market share of menthol and is estimated to lead the overall market in the years to come. In addition, oral hygiene is estimated to grow at the fastest pace in the years to come.
Globally, Asia Pacific accounted for the substantial market share of menthol and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the rising sale of end-use application products, growing disposable income, and the rise in purchasing power of the general populace. The developing countries like India, China, South Korea, and Japan are the major consumers of menthol in this region.
North America and Europe are also estimated to have a positive influence on future growth. North America is the second largest region with significant market share. However, Europe is estimated to grow at the highest CAGR in the forecast period. The key players of the menthol market are KM Chemicals, J M Loveridge plc, spectrum chemicals, Procter and Gamble, Symrise AG, and Natural Sourcing Inc. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
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Datum: 24.06.2019 - 13:25 Uhr
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