Research Nester published a report titled “DL-Menthol Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global DL-menthol market in terms of market segmentation by type, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global DL-menthol market is estimated to occupy a hefty amount of revenue by growing at a robust CAGR during the forecast period, i.e., 2022 – 2031, ascribing to the rising use of the product in the food industry to add minty flavor to food items, and surging usage of DL-menthol for making ointments and toothpastes globally. Along with these, surging production of medical products, and rapidly growing wellness and cosmetics industry around the world are also expected to drive the growth of the market in the forthcoming years.
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The market is segmented by type and application. Based on type, the synthetic segment is anticipated to witness notable growth during the forecast period in view of the excellent purity and cost-effectiveness of synthetic menthol compared with natural menthol. Additionally, by application, the pharmaceutical segment is projected to garb the largest share over the forecast period attributing to the growing utilization of DL-menthol to produce medications that can help control plaque and kill bacteria that contributes to the development of gingivitis.
Geographically, the global DL-menthol market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. Europe is evaluated to witness noteworthy growth in the market during the forecast period attributing to the rising growth of food & beverages industry, and increasing demand for the product from the skincare sector in the region. Moreover, the market in Asia Pacific is assessed to acquire the largest share over the forecast period on the back of the rising production of pharmaceuticals products in the region.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
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Growing Usage of the Product in Food & Beverages Industry Worldwide to Drive Market Growth
With the rapidly growing production in the food & beverages industry across the globe, the demand for diverse ingredients to enhance the flavor in food items and drinks is also observing a significant hike. This in turn is anticipated to raise the demand for DL-menthol, which in turn is assessed to drive market growth in the near future.
However, fluctuation in the prices of raw materials used for making DL-menthol is expected to operate as key restraint to the growth of the global DL-menthol market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global DL-menthol market which includes company profiling of BASF SE, Symrise AG, Takasago International Corporation, Lanxess AG, Beijing Lunarsun Pharmaceutical Co., Ltd., Hindustan Mint & Agro Products Pvt. Ltd., Merck Schuchardt OHG, Jiangxi Global Natural Spice Co., Ltd., Luyunjia Chemistry Xiamen Limited, Sigma-Aldrich International GmbH, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global DL-menthol market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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