Menthol Price Trend

Due to shortages in the past, menthol prices have increased by four times. To ensure a consistent mint supply, Indian farmers have been attempting to improve plant quality and growing procedures. Meanwhile, synthetic menthol is being produced by Symrise, Takasago, and BASF, which has relieved some of the market pressure on Indian natural menthol.

From 2019 to 2021, the price of natural menthol remained stable between 15-20 USD/kg. The Indian mint oil market was rather quiet in the first quarter of 2021. The price of mint oil reached a high of around 1025 INR/kg in January 2021, which was likely affected by the end of a new crop distillation in a certain area. The price dropped to 950 INR/kg in April 2021.

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Procurement Resource provides latest prices of Menthol. 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.

Chart Description:

Procurement Resource provides prices of Menthol for several regions around the globe, which are as follows:

  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa

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.

Chemical Formula of Menthol:

  • C10H20


  • 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

Molecular Weight:

  • 156.26g/mol  

Industrial Uses:

  • Odour agent
  • Air care products
  • Furnishing care products
  • Laundry and dishwashing products
  • Personal care products

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.

Supplier Database:

  • Arora Aromatics Pvt. Ltd.
  • Bhagat Aromatics Limited
  • N.S. Mint
  • Silverline Chemicals
  • Swati Menthol And Allied Chemicals Limited
  • Herbochem Industries

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.


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).

Procurement Resource also provides the detailed production cost analysis of Menthol See more


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