Prakhar Panchbhaiya
Assistant Manager: Business Insights and Content
Supporting procurement teams with category intelligence, market research, price trends, supply-demand analysis, and strategic sourcing insights across key industries.
Menthol Price Trend Analysis 2026: Latest News, Historical Prices, Market Insights, Price Drivers & Supply Demand Analysis
Written ByPrakhar Panchbhaiya
Menthol Price Trend Q4 2025
Throughout Q4’25, the prices of Menthol recorded a firm and gradually increasing trend, largely due to the support received from the demand and supply dynamics. In the case of India, the market depicted consistent month-on-month increases throughout the period. The demand for the product from the oral care segment, pharmaceuticals, confectionery, and personal care segments was healthy and helped sustain the demand situation.
In the case of supply, the production situation was normal throughout the period. However, the supply situation was not very high since the supply was regulated and controlled. The buying strategy adopted was cautious, and the purchases made did not include bulk buying. The purchases made were entirely based on the requirements. Even though the buying strategy was cautious and controlled, the prices depicted an increasing trend throughout the period.
In Asia, especially in key manufacturing hubs, strong domestic output helped maintain market balance. Export activity remained steady, while seasonal factors and raw material trends had a mild influence on sentiment. In North America, demand from healthcare and consumer goods sectors supported stable market conditions, with no major supply concerns reported. Overall, Q4’25 reflected a stable-to-firm Menthol market, where balanced fundamentals prevented sharp volatility but supported gradual price improvement.
Analyst Insight
According to Procurement Resource, Menthol prices are likely to remain stable in the near-term given the steady demand and controlled supply.
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The third quarter of 2025 saw menthol markets move steadily upward through July, strengthen further in August, and maintain momentum into September.
This firming trend reflected supply tightening from major production regions, particularly as Indian manufacturers faced severe export disruptions due to intensified international trade barriers.
The quarter presented an unusual market situation where rising values did not benefit producers. Export-oriented businesses encountered order cancellations and shipment delays, leading to inventory buildups despite higher market levels.
Many manufacturers struggled with reduced profitability as elevated production costs squeezed margins, even as overall market values climbed.
Regulatory developments in early September added another layer of complexity. Policy reforms restructured tax frameworks for natural menthol products, while concurrent regulatory shifts in key consuming markets influenced demand patterns. These changes, combined with constrained supply flows and operational challenges in traditional production hubs, supported the quarter's price firmness but raised sustainability concerns across the industry.
About Menthol
Menthol is basically an organic compound that is made synthetically or derived from peppermint or mint oils with flavouring and local anaesthetic properties. When added to pharmaceuticals and foods, menthol functions as a fortifier for peppermint flavours. It is a waxy, crystalline substance. In appearance, it is clear or white in colour.
Menthol Product Detail
Chemical Formula
C10H20O
Molecular Weight
156.26g/mol
Industrial Uses
Odour agent, Air care products, Furnishing care products, Laundry and dishwashing products, Personal care products
Synonyms
2216-51-5 (chiral), 5-Methyl-2-(propan-2-yl) cyclohexan-1-ol, 2-Isopropyl-5-methylcyclohexan-1-ol, 2-Isopropyl-5-methylcyclohexanol, 3-p-Menthanol, Hexahydrothymol, Menthomenthol, Peppermint camphor
Supplier Database
Arora Aromatics Pvt. Ltd, Bhagat Aromatics Limited, N.S. Mint, Silverline Chemicals, Swati Menthol And Allied Chemicals Limited, Herbochem Industries
Regional Coverage
Asia Pacific
China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe
Germany, France, United Kingdom, Italy,Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America
United States and Canada
Latin America
Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa
South Africa, Nigeria, Egypt, Algeria, Morocco
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Menthol Production Process
- Production of Menthol via Hydrogenation; and via Distillation, Filtration and Cooling
The hydrogenation process for Menthol production involves the reaction of carbon monoxide and hydrogen with thymol. Menthol is further be separated from its other isomers using the distillation process.
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