Menthol, also known as peppermint camphor, is a chemical naturally found in peppermint and other mint plants. It is obtained from peppermint oil and can be produced synthetically by hydrogenation of thymol. It has a strong, minty, and cooling odor, taste and sensation. It is used to relieve minor pain and irritation and consequently added to various products, such as cough drops, beverages, gum, candy, liqueurs, perfumes, and nasal inhalers. It is also infused into creams, ointments, and cosmetic products to provide a refreshing feeling. In addition, it is widely employed by cigarette companies in cigarettes to reduce the harshness of the smoke and irritation from nicotine.
At present, rapid urbanization and hectic schedules are propelling working professionals to consume cigarettes for releasing stress and relaxing their nerves. This represents one of the primary factors positively influencing the market. It can also be attributed to the cooling and sensory stimulation of menthol cigarettes. Moreover, the introduction of low-tar, ultra-long, and ultra-slim cigarettes is creating a favorable market outlook. Additionally, inflating disposable incomes and significant growth in the number of smokers are bolstering the growth of the market. Besides this, aggressive promotional activities by cigarette manufacturers and the rising influence of social media are catalyzing the demand for menthol worldwide. Additionally, the increasing adoption of menthol in the pharmaceutical sector on account of its cold-inducing sensation capabilities is fueling the market growth. Moreover, menthol exhibits cytotoxic effects in cancer cells, induces a reduction in malignant cell growth, and is used to treat mild to moderate muscle and joint pain, which is supporting the growth of the market. Furthermore, the increasing adoption of synthetic menthol in oral care products, such as toothpaste, mouthwashes, and mouth fresheners, to provide a minty odor and taste is projected to drive the market.
This production cost analysis report by Syndicated Analytics is the result of a comprehensive examination of the menthol manufacturing process. The study covers all the requisite aspects that one needs to know while making a foray into the menthol industry. It is based on the latest economic data and presents exhaustive insights about the primary process flow, raw material requirements, reactions involved, utility costs, operating costs, capital investments, pricing, margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake in the menthol industry.
The following technical and economic aspects are included in the report:
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