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L-Menthol Market Size, Share Global Outlook and Forecast 2023-2029

Writer's picture: krish mundekrish munde

The global L-Menthol market was valued at US$ 727 million in 2022 and is projected to reach US$ 1151.7 million by 2029, at a CAGR of 6.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.


Menthol is an organic compound with the chemical formula C10H20O that occurs naturally in mint and some other plants. It can be extracted from the leaves by distillation, and it can be made synthetically. Pure menthol is a crystalline solid. The compound is widely used in cough and cold remedies because of its soothing effects and as a flavoring in candy, chewing gum, medical products and cigarettes.


The data of the report is based on the menthol product with purity of 99% min. And other products in lower menthol purity have been converted in the equivalent of 100%.

L-menthol is the main product in the market because of its excellent performance. D-menthol is a by-product of producing L-menthol, and D / L-menthol is a mixture of D-menthol and L-menthol.

This report aims to provide a comprehensive presentation of the global market for L-Menthol, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding L-Menthol. This report contains market size and forecasts of L-Menthol in global, including the following market information:


  • Global L-Menthol Market Revenue, 2018-2023, 2024-2029, ($ millions)

  • Global L-Menthol Market Sales, 2018-2023, 2024-2029, (K MT)

  • Global top five L-Menthol companies in 2022 (%)


The major players in global l-menthol market include BASF, Agson Global, Nantong Menthol Factory, etc. The top 5 players occupy about 40% shares of the global market. Asia Pacific is the largest market, with a share about 60%, followed by Europe and North America with the share about 17% and 13%.

We surveyed the L-Menthol manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:


Global L-Menthol Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K MT)

Global L-Menthol Market Segment Percentages, by Type, 2022 (%)


  • Natural Type

  • Synthetic Type


Global L-Menthol Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K MT)

Global L-Menthol Market Segment Percentages, by Application, 2022 (%)


  • Oral Hygiene

  • Pharmaceuticals

  • Tobacco

  • Confectionaries

  • Others


Global L-Menthol Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K MT)

Global L-Menthol Market Segment Percentages, By Region and Country, 2022 (%)


  • North America (United States, Canada, Mexico)

  • Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)

  • Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)

  • The Middle East and Africa (Middle East, Africa)

  • South and Central America (Brazil, Argentina, Rest of SCA)


Competitor Analysis


The report also provides analysis of leading market participants including:


  • Key companies L-Menthol revenues in global market, 2018-2023 (Estimated), ($ millions)

  • Key companies L-Menthol revenues share in global market, 2022 (%)

  • Key companies L-Menthol sales in global market, 2018-2023 (Estimated), (K MT)

  • Key companies L-Menthol sales share in global market, 2022 (%)

key players include:


  • Agson Global

  • Symrise AG

  • Nantong Menthol Factory

  • Takasago

  • Tienyuan Chem

  • Arora Aromatics

  • Fengle Perfume

  • Swati Menthol & Allied Chem

  • NecLife

  • Bhagat Aromatics

  • KM Chemicals

  • Silverline Chemicals

  • Yinfeng Pharma

  • Great Nation Essential Oils

  • Xiangsheng Perfume

  • BASF

  • Ifan Chem

  • Mentha & Allied Products

  • Neeru Enterprises

  • Vinayak

  • Hindustan Mint & Agro Products

  • A.G. Industries


Outline of Major Chapters:

Chapter 1: Introduces the definition of L-Menthol, market overview.

Chapter 2: Global L-Menthol market size in revenue and volume.

Chapter 3: Detailed analysis of L-Menthol manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of L-Menthol in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: Global L-Menthol capacity by region & country.

Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 11: The main points and conclusions of the report.


Table of content

1 Introduction to Research & Analysis Reports 1.1 L-Menthol Market Definition 1.2 Market Segments 1.2.1 Market by Type 1.2.2 Market by Application 1.3 Global L-Menthol Market Overview 1.4 Features & Benefits of This Report 1.5 Methodology & Sources of Information 1.5.1 Research Methodology 1.5.2 Research Process 1.5.3 Base Year 1.5.4 Report Assumptions & Caveats 2 Global L-Menthol Overall Market Size 2.1 Global L-Menthol Market Size: 2022 VS 2029 2.2 Global L-Menthol Revenue, Prospects & Forecasts: 2018-2029 2.3 Global L-Menthol Sales: 2018-2029 3 Company Landscape 3.1 Top L-Menthol Players in Global Market 3.2 Top Global L-Menthol Companies Ranked by Revenue 3.3 Global L-Menthol Revenue by Companies 3.4 Global L-Menthol Sales by Companies 3.5 Global L-Menthol Price by Manufacturer (2018-2023) 3.6 Top 3 and Top 5 L-Menthol Companies in Global Market, by Revenue in 2022 3.7 Global Manufacturers L-Menthol Product Type 3.8 Tier 1, Tier 2 and Tier 3 L-Menthol Players in Global Market 3.8.1 List of Global Tier 1 L-Menthol Companies 3.8.2 List of Global Tier 2 and Tier 3 L-Menthol Companies 4 Sights by Product 4.1 Overview 4.1.1 By Type - Global L-Menthol Market Size Markets, 2022 & 2029 4.1.2 Natural Type 4.1.3 Synthetic Type 4.2 By Type - Global L-Menthol Revenue & Forecasts 4.2.1 B

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