Product Code: ETC085543 | Publication Date: Aug 2023 | Updated Date: Apr 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
India Menthol Market registered a decline of -30.39% in value shipments in 2022 as compared to 2021 and an increase of 28.07% CAGR in 2022 over a period of 2017. In Menthol Market India is becoming more competitive as the HHI index in 2022 was 4475 while in 2017 it was 8084. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on domestic production to meet its growing demand in Menthol Market.
The India menthol market is expected to grow at a CAGR of 4.7% during the forecast period. This growth can be attributed to rising awareness related to the health benefits associated with menthol and its use in various products such as oral hygiene, cough syrups, skin care products etc. The increasing demand for natural ingredients in personal care products has also encouraged manufacturers to incorporate menthol into their product portfolio, thereby driving the growth of this market. Furthermore, expanding distribution channels and growing consumer preference for herbal or ayurvedic medicines are also aiding in augmenting the demand for menthol in India.
Increasing Demand from Personal Care Products ??? Increasing urbanization has led to an increased spending capacity on personal care items among consumers which has further resulted in high demand for premium quality natural ingredients like menthol across India. Thus, manufacturers are making substantial investments into R&D activities aimed at incorporating more effective natural ingredients including menthol into their formulations leading to higher sales for these products. This factor is thus positively impacting the overall growth of this market over the coming years.
Price Fluctuations & Unstable Supply Chain??? The prices of raw materials used in production processes involved with manufacturing of mint oil & derivatives vary widely due to factors such as seasonal variations and global supply/demand dynamics resulting instability within supply chain network across India. In addition , inconsistent availability of raw material hampers production capabilities affecting cost efficiency subsequently limiting profitability margins further aggravating situation even further.This factor presents formidable challenge towards smooth functioning operations hence hampering potential gains from increased sale volumes often witnessed by players operating within this industry space over short terms periods.
Some leading players operating within India Menthol Market include Himalaya Drug Company Ltd., Ungerer & Co., Kirtilal Kalidas & Co Pvt Ltd., Synthite Industries Limited , AOS Products Private Limited , Natural Mints LLC , Hindustan Mint And Agro Products Pvt Ltd. etc
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Menthol Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Menthol Market Revenues & Volume, 2020 & 2027F |
3.3 India Menthol Market - Industry Life Cycle |
3.4 India Menthol Market - Porter's Five Forces |
3.5 India Menthol Market Revenues & Volume Share, By Form, 2020 & 2027F |
3.6 India Menthol Market Revenues & Volume Share, By Application, 2020 & 2027F |
4 India Menthol Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Menthol Market Trends |
6 India Menthol Market, By Types |
6.1 India Menthol Market, By Form |
6.1.1 Overview and Analysis |
6.1.2 India Menthol Market Revenues & Volume, By Form, 2018 - 2027F |
6.1.3 India Menthol Market Revenues & Volume, By Crystalline Solid, 2018 - 2027F |
6.1.4 India Menthol Market Revenues & Volume, By Powder, 2018 - 2027F |
6.1.5 India Menthol Market Revenues & Volume, By Liquid, 2018 - 2027F |
6.2 India Menthol Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Menthol Market Revenues & Volume, By Medical Products, 2018 - 2027F |
6.2.3 India Menthol Market Revenues & Volume, By Flavoring/Additives, 2018 - 2027F |
6.2.4 India Menthol Market Revenues & Volume, By Oral Care, 2018 - 2027F |
6.2.5 India Menthol Market Revenues & Volume, By Others, 2018 - 2027F |
7 India Menthol Market Import-Export Trade Statistics |
7.1 India Menthol Market Export to Major Countries |
7.2 India Menthol Market Imports from Major Countries |
8 India Menthol Market Key Performance Indicators |
9 India Menthol Market - Opportunity Assessment |
9.1 India Menthol Market Opportunity Assessment, By Form, 2020 & 2027F |
9.2 India Menthol Market Opportunity Assessment, By Application, 2020 & 2027F |
10 India Menthol Market - Competitive Landscape |
10.1 India Menthol Market Revenue Share, By Companies, 2020 |
10.2 India Menthol Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |