India Mentha Oil Market- Trend Analysis & Forecasts
Description
India Mentha Oil Market Overview:
India produced 40.32 thousand tonnes of mentha oil in 2023, growing at a 0.75% CAGR (2018–2023) and supplying 80–85% of global natural mentha oil; exports of menthol products (flakes & crystals) totaled 15.11 thousand tonnes worth US$ 233.34 million in 2023, with cultivation concentrated in Uttar Pradesh and Bihar serving pharmaceuticals, oral & personal care, food & beverages, and aromatherapy.
Primary Areas/ Elements of Research & Analysis
The report provides comprehensive and valuable insights into the supply and demand dynamics of the India mentha oil market. Below are the variables considered and analyzed in the report:
• Supply-demand trends, market growth, and trade
• Market structure, conduct, and performance analysis
• Historical and forecasted market size (volume & value)
• Trade analysis (export & import), including key partners, quantities, values, and price trends
• Supply chain mapping, pricing, and regulatory framework
• Competitive landscape profiling of key players
• Factors influencing market performance, including sustainability trends
Market Growth Factors
Demand is lifted by a shift to natural ingredients across oral care, personal care, pharma, and F&B, alongside export pull from Europe, North America, and Asia-Pacific; government support for mint cultivation and farm-to-extraction improvements underpin supply, while product diversification into menthol crystals, oils, and blends broadens revenue streams for India’s 80–85% global share.
Market Restraints & Challenges
Supply is weather-sensitive, with seasonal production swings and farm input inflation driving price volatility (about US$ 10–12/kg in recent years); competition from synthetic menthol and other mint oils, compliance with quality/export regulations, and currency/trade shocks can compress margins despite India’s 40.32 thousand tonnes output and large export base.
Market Segmentation
By type, natural mentha oil leads versus synthetic substitutes, while by end-use, oral & personal care, pharmaceuticals, confectionery/chewing gums, flavorings, and aromatherapy account for most demand; by sales, India serves a sizable export market (15.11 thousand tonnes; US$ 233.34 million in 2023) alongside robust domestic consumption in packaged oral care and OTC health products.
Competitive Landscape
A fragmented but active ecosystem includes Hindustan Mint & Agro, Vinayak Ingredients, Aromatic & Allied Chemicals, Ultra International, Bhagat Aromatics, Arora Aromatics, Kanta Enterprises, Rakesh Sandal Industries, Shree Balaji Aromatics, Neeru Menthol, Herbochem, Katyani Exports, Mane Kancor, and Mentha & Allied Products, competing on purity, traceability, certifications, and export relationships with buyers in China, the USA, Singapore, the Netherlands, Japan, and France.
Outlook
Through 2030, steady growth is expected as health-centric consumption, natural/clean-label trends, and value-added menthol derivatives expand; closing supply-chain gaps (storage, transport, standardized extraction), strengthening farmer extension, and branding India’s 80–85% global leadership should stabilize prices and enhance export competitiveness despite synthetic alternatives and regulatory hurdles.
Scope of the Report:
• Historical Years: 2018-2022
• Base Year: 2023
• Forecast Period: 2024-2030
• Units: Value (US$ Million) and Volume (Thousand Tonnes)
• Segments Covered:
By Type (Natural and Synthetic)
By End-use (Oral & Personal Care Products, Pharmaceuticals, Confectionery/Chewing Gums, Flavoring Industry, and Others)
By Sales (Domestic Consumption and Exports)
• Companies Profiled: The market players include, Hindustan Mint & Agro Products Pvt. Ltd., Vinayak Ingredients (India) Pvt. Ltd., Aromatic & Allied Chemicals, Ultra International Ltd., Bhagat Aromatics Ltd., Arora Aromatics Pvt. Ltd., Kanta Enterprises Pvt. Ltd., Rakesh Sandal Industries, Shree Balaji Aromatics Pvt. Ltd., Neeru Menthol Private Limited., Herbochem Industries, Katyani Exports, Mane Kancor, Mentha and Allied Products Limited, and Others.
Please note: It will take 4-5 business days to deliver the report upon receipt the order.
India produced 40.32 thousand tonnes of mentha oil in 2023, growing at a 0.75% CAGR (2018–2023) and supplying 80–85% of global natural mentha oil; exports of menthol products (flakes & crystals) totaled 15.11 thousand tonnes worth US$ 233.34 million in 2023, with cultivation concentrated in Uttar Pradesh and Bihar serving pharmaceuticals, oral & personal care, food & beverages, and aromatherapy.
Primary Areas/ Elements of Research & Analysis
The report provides comprehensive and valuable insights into the supply and demand dynamics of the India mentha oil market. Below are the variables considered and analyzed in the report:
• Supply-demand trends, market growth, and trade
• Market structure, conduct, and performance analysis
• Historical and forecasted market size (volume & value)
• Trade analysis (export & import), including key partners, quantities, values, and price trends
• Supply chain mapping, pricing, and regulatory framework
• Competitive landscape profiling of key players
• Factors influencing market performance, including sustainability trends
Market Growth Factors
Demand is lifted by a shift to natural ingredients across oral care, personal care, pharma, and F&B, alongside export pull from Europe, North America, and Asia-Pacific; government support for mint cultivation and farm-to-extraction improvements underpin supply, while product diversification into menthol crystals, oils, and blends broadens revenue streams for India’s 80–85% global share.
Market Restraints & Challenges
Supply is weather-sensitive, with seasonal production swings and farm input inflation driving price volatility (about US$ 10–12/kg in recent years); competition from synthetic menthol and other mint oils, compliance with quality/export regulations, and currency/trade shocks can compress margins despite India’s 40.32 thousand tonnes output and large export base.
Market Segmentation
By type, natural mentha oil leads versus synthetic substitutes, while by end-use, oral & personal care, pharmaceuticals, confectionery/chewing gums, flavorings, and aromatherapy account for most demand; by sales, India serves a sizable export market (15.11 thousand tonnes; US$ 233.34 million in 2023) alongside robust domestic consumption in packaged oral care and OTC health products.
Competitive Landscape
A fragmented but active ecosystem includes Hindustan Mint & Agro, Vinayak Ingredients, Aromatic & Allied Chemicals, Ultra International, Bhagat Aromatics, Arora Aromatics, Kanta Enterprises, Rakesh Sandal Industries, Shree Balaji Aromatics, Neeru Menthol, Herbochem, Katyani Exports, Mane Kancor, and Mentha & Allied Products, competing on purity, traceability, certifications, and export relationships with buyers in China, the USA, Singapore, the Netherlands, Japan, and France.
Outlook
Through 2030, steady growth is expected as health-centric consumption, natural/clean-label trends, and value-added menthol derivatives expand; closing supply-chain gaps (storage, transport, standardized extraction), strengthening farmer extension, and branding India’s 80–85% global leadership should stabilize prices and enhance export competitiveness despite synthetic alternatives and regulatory hurdles.
Scope of the Report:
• Historical Years: 2018-2022
• Base Year: 2023
• Forecast Period: 2024-2030
• Units: Value (US$ Million) and Volume (Thousand Tonnes)
• Segments Covered:
By Type (Natural and Synthetic)
By End-use (Oral & Personal Care Products, Pharmaceuticals, Confectionery/Chewing Gums, Flavoring Industry, and Others)
By Sales (Domestic Consumption and Exports)
• Companies Profiled: The market players include, Hindustan Mint & Agro Products Pvt. Ltd., Vinayak Ingredients (India) Pvt. Ltd., Aromatic & Allied Chemicals, Ultra International Ltd., Bhagat Aromatics Ltd., Arora Aromatics Pvt. Ltd., Kanta Enterprises Pvt. Ltd., Rakesh Sandal Industries, Shree Balaji Aromatics Pvt. Ltd., Neeru Menthol Private Limited., Herbochem Industries, Katyani Exports, Mane Kancor, Mentha and Allied Products Limited, and Others.
Please note: It will take 4-5 business days to deliver the report upon receipt the order.
Table of Contents
152 Pages
- 1. Executive Summary
- 2. Introduction
- 2.1. Objectives & Scope of the Study
- 2.2. Definitions & Economic Importance
- 2.3. Research Methodology
- 2.4. Factors and Decision Matrix Analysis
- 2.5. Limitations & Challenges
- 3. Commodity/ Product/ Market Overview
- 3.1. Evolution/ Origin & Geographic Suitability
- 3.2. Mentha Crop Images
- 3.3. Mentha Crop Seasonality
- 3.4. Processing & Grading
- 3.5. Regulatory Analysis
- 4. India Country Profile
- 5. India Mentha Oil Market Growth Factors Analysis
- 5.1. Drivers and Restraints Analysis
- 5.2. Challenges and Opportunities Analysis
- 5.3. India Mentha Oil Industry SWOT Analysis
- 5.4. India Mentha Oil Market PESTEL Analysis
- 5.5. India Mentha Oil Market Porter's Five Forces analysis
- 6. India Mentha Oil Market: Supply Analysis
- 6.1. India Mentha Crop Analysis (Area and Production)
- 6.2. India Mentha Oil Production Trend
- 6.3. India Mentha Oil Production, by Type
- 6.3.1. Mentha Arvensis (Japanese mint)
- 6.3.2. Mentha Piperita (Peppermint)
- 6.3.3. Mentha Spicata (Spearmint)
- 7. India Mentha Oil Market: Demand Analysis
- 7.1. Domestic Consumption, by Type
- 7.1.1. Natural
- 7.1.1.1. Mentha Arvensis (Japanese mint)
- 7.1.1.2. Mentha Piperita (Peppermint)
- 7.1.1.3. Mentha Spicata (Spearmint)
- 7.1.2. Synthetic
- 7.2. Domestic Consumption, by End-use
- 7.2.1. Oral & Personal Care Products
- 7.2.2. Pharmaceuticals
- 7.2.3. Confectionery/Chewing Gums
- 7.2.4. Flavoring Industry (Food & Beverage)
- 7.2.5. Others
- 7.3. Export/Import Demand (Natural & Synthetic)
- 7.4. Mentha Oil Supply Chain Analysis
- 7.5. India Mentha Oil Cost of Production Analysis
- 8. India Mentha Oil Market: Trade (Export & Import) Analysis
- 8.1. Mentha Oil Export Trend Analysis
- 8.2. Top 10 Export Destinations of India Mentha Oil
- 9. India Mentha Oil Market: Price Trend Analysis
- 9.1. Domestic Price Trend
- 9.2. Export Price Trend
- 9.3. Price Seasonality & Price Pattern Analysis
- 9.4. Price Events Analysis
- 10. Competitive Analysis
- 10.1. List of Key Countries Importing Mentha Oil from India
- 10.2. List of Key Companies Exporting & Importing Mentha from India
- 10.3. Company Profiles
- 10.3.1. Hindustan Mint & Agro Products Pvt. Ltd.
- 10.3.2. Vinayak Ingredients (India) Pvt. Ltd.
- 10.3.3. Aromatic & Allied Chemicals
- 10.3.4. Ultra International Ltd.
- 10.3.5. Bhagat Aromatics Ltd.
- 10.3.6. Arora Aromatics Pvt. Ltd.
- 10.3.7. Kanta Enterprises Pvt. Ltd.
- 10.3.8. Rakesh Sandal Industries
- 10.3.9. Shree Balaji Aromatics Pvt. Ltd.
- 10.3.10. Neeru Menthol Private Limited.
- 10.3.11. Herbochem Industries
- 10.3.12. Katyani Exports
- 10.3.13. Mane Kancor
- 10.3.14. Mentha and Allied Products Limited
- 11. Conclusion
- 12. Appendix
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