In December 2023, the price of peppermint oil in the United States reached 24938 USD/MT. The peppermint oil prices in Germany concluded at 31920 USD/MT in December 2023. It encompasses an in-depth review of spot price of peppermint oil at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of peppermint oil price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

Get the latest insights on price movement and trend analysis of Peppermint Oil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

5516 Global export shipment records of Mentha Oil with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

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253 Global import shipment records of Mentha Oil with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

Global Peppermint Oil Rectified market size 2025 was XX Million. Peppermint Oil Rectified Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

392 Global export shipment records of Mentha Oil And HSN Code 33012990 with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

Global Peppermint Essential Oil market size 2025 was XX Million. Peppermint Essential Oil Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

According to Cognitive Market Research, the global Synthetic Menthol market size will be USD 281.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 112.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 84.45 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 64.75 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 14.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 5.63 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
The Pharmaceutical Grade category is the fastest growing segment of the Synthetic Menthol industry

Market Dynamics of Synthetic Menthol Market

Key Drivers for Synthetic Menthol Market

Increasing Demand from Pharmaceutical Sector to Boost Market Growth

The growing demand in the pharmaceutical sector is one of the main reasons propelling the global market for synthetic menthol. Because of its analgesic, anti-inflammatory, and cooling qualities, synthetic menthol is frequently used in a wide range of pharmaceutical and therapeutic goods. It is an essential component in lozenges, cough syrups, balms, and ointments. There is an increasing need for synthetic menthol as a result of the pharmaceutical industry's rapid expansion, particularly in emerging nations. The pharmaceutical business in India is projected to reach US$ 130 billion by 2030, having achieved US$ 65 billion by 2024, according to INVEST INDIA. The aging of the population, the incidence of chronic illnesses, and growing health consciousness all contribute to this increase by raising demand for medicinal goods that contain synthetic menthol.

Expansion of the Personal Care Sector to Drive Market Growth

The market for synthetic menthol is expanding due in large part to the personal care sector. The demand for menthol-containing products has increased dramatically worldwide as a result of growing consumer awareness of personal cleanliness, grooming, and wellness. Because of its high purity, reliable quality, and affordability, synthetic menthol is especially well-liked in the personal care market. Because of its calming and revitalizing properties, synthetic menthol is frequently found in personal care products like mouthwash, toothpaste, shampoos, and cooling lotions. Its capacity to provide a cooling effect improves the user experience, especially for skincare and oral products.

Restraint Factor for the Synthetic Menthol Market

Raw Material Availability and Safety Issue will Limit Market Growth

The market for synthetic menthol is severely constrained by the price volatility of raw materials, which affects pricing policies, production costs, and market dynamics in general. The price of thymol, citral, m-cresol, and other petrochemical derivatives—raw materials used in the production of synthetic menthol—varies depending on several factors. Petroleum is the source of several of the base chemicals required to make synthetic menthol. Raw material costs are directly impacted by variations in crude oil prices, which are influenced by supply chain interruptions, geopolitical conflicts, and regulatory changes. Furthermore, petrochemical derivative production prices are frequently raised by more stringent environmental laws and sustainability programs.

Impact of Covid-19 on the Synthetic Menthol Market

The market for synthetic menthol was greatly impacted by the COVID-19 epidemic, which changed demand trends, upended the supply chain, and reshaped industry goals. The pandemic's uneven effects on the market were highlighted by the brief slowdowns in some industries and the spikes in demand in others. enhanced demand for menthol-based medicinal items, including inhalers, cough syrups, and cold rubs, resulted from the pandemic's enhanced awareness of respiratory health. T...

245 Global import shipment records of Peppermint Oil with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

1662 Global import shipment records of Mentha Oil And HSN Code 33012590 with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

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549 Global export shipment records of Peppermint Oil with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

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22 Global import shipment records of Peppermint Oil with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

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