Menthol Crystal Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Menthol Crystal in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Menthol Crystal Price Trend for the Second Half of 2023

Menthol crystals are directly made from mint oil by taking their temperature to extremely low levels and crystallizing them. So, the menthol crystal price trends are in direct correlation with the price trend of its feedstock mint or mentha oil. During the said period of quarters three and four of the year 2023, the menthol crystal prices were observed to fluctuate regionally for the entire span.

Menthol Crystal Price Chart

Menthol Crystals Price Trends

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The Asian market exuded borderline stability as the market attributes were well within the anticipated ranges of fluctuation. However, the American market struggled a little. The third quarter started seeing an uptick in the price graph primarily because of the supply curtailments. These supply restraints were a result of some disease in the local mint varieties. This uphill trend continued for some time in the fourth quarter as well; however, the demand dips in the latter months balanced the situation a little bit. Overall, positive market sentiments were witnessed.

Analyst Insight

According to Procurement Resource, Menthol Crystal price trends are likely to continue to vary in a similar manner going forward as well. The demand projections look supportive of the market trends.

Menthol Crystals Price Trend for the First Half of 2023

Menthol crystals are naturally derived from the mint family and have a strong, minty aroma and cooling sensation. It is thus popularly used in the pharmaceutical and cosmetic industries for soothing and analgesic purposes. It is also used as a flavoring agent in the food and beverage sector in the production of various confections, gums, and beverages, as it gives a refreshing taste to the food products. Its price trend is thus dependent on the market sentiments of these industries and also on the price trend of Mentha oil from which it is derived.

In the first two quarters of 2023, the price trend of menthol crystals fluctuated but maintained a negative trajectory. Initially, in the first quarter, the rise in the prices of menthol crystals was supported by limited production. But in the following months, the production activities caught up with the demand for menthol crystals. The prices thus began to decline as, along with surplus production, the trading activities were under the pressure of growing concerns about recession and the ill economic effects of the failure of two major US banks.

In China, the situation became much more dire as amid the economic turmoil, the demand for menthol crystals also fell consistently, and the rates of exports slumped significantly. In addition to this, imports from other nations flooded the market, making it difficult for the price trend of menthol crystals to grow.

Analyst Insight

According to Procurement Resource, the price of Menthol Crystals is expected to follow an oscillating trajectory amid an uneven trend adopted by the production of mentha oil and plunging demand from the downstream sectors.

Procurement Resource provides latest prices of Menthol Crystal. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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Menthol Crystals are derived from Indian Mentha Arvensis Oil. These are clear crystals with cool minty flavour, which further have anti-bacterial and anti-fungal characteristics. Menthol creates a cooling sensation when applied on the skin and has soothing properties. Menthol Crystals can be utilised in products such as perfumes, cosmetics, analgesic balms, ointments, lotions, creams, toothpaste, shampoos, conditioners, etc.

Product Details

Report Features Details
Product Name Menthol Crystal
Industrial Uses Food, Alcoholic beverages , Cosmetics, Personal care products, Mouth Fresheners, Cool and antipruritic drug
Chemical Formula C10H20O
Synonyms 2216-51-5, 5-methyl-2-(1-methylethyl) cyclohexanol, (1R,2S,5R)-2-Isopropyl-5-methylcyclohexanol
Molecular Weight 156.27 g/mol
Supplier Database Berjé Inc, Symerise AG, Indukern F&F Ingredients, Fleurchem, Inc, Hindustan Mint & Agro Products Pvt. Ltd.
Region/Countries Covered 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
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-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.

Production Processes

  • Production of Menthol Crystals via Crystallisation

In this process, after obtaining the distilled oil of mint, it is kept at a temperature of around -220C, which results in the formation of menthol, which quickly crystallises to produce Menthol Crystals at this temperature range.


The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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