Menthol may be a white crystalline chemical product. It manufactured either from natural source or is produced synthetically. Leave or Racemic form are only the rapautically active melting point of natural or synthetic leave menthol lies between 41 and 44°C. Some manufacture classify crystals consistent with their shape and size and thus many terminologies are utilized by them e.g. bold crystal medium crystals, medium extra crystals, medium extra-large crystals. Menthol is marketed in most size of container from 25 kegs. Packs to 2 gm. pack. Most popular packs are 5 kegs. 500 gm. and 900 gm. Menthol is packed in sealed or unsealed plastic or PVC bags. Paper bags are rarely used. Which aren't desirable? These filled bags are than packed in printed or unprinted sealed or unseal tin containers. Occasionally cardboard boxes are used which again are unsatisfactory for type of reason.
Menthol crystals are majorly derived from natural sources and thus these are gaining more importance in developed and developing markets. Increasing focus of manufacturers towards natural and sustainable products is pushing the expansion of natural based products from various industries. Cosmetic industry is much regulated and so is demanding natural based raw materials for manufacturing cosmetic products. This is expected to drive the menthol crystals market in coming years
Global Menthol Market Is forecasted to reach 5590 Million US$ by 2025 with a 4.68% average growth rate. Menthol is an active ingredient in countless products, ranging from aftershave to topically applied muscle cooling lotions. It is also used extensively as a flavoring agent in confections, gum, and oral hygiene products, and in perfumery, it is commonly used to emphasize floral notes. Menthol products 60% of the cost is directly related to the menthol oil price, which is actively traded in the commodity market. The price fluctuation of menthol oil highly depends on the season. Thus, due to demand it is best to invest in this project.
Few Indian major players are as under
Everest Flavours Ltd.
Halcyon Life Sciences Pvt. Ltd.
Malik Polychem Ltd.
Swati Menthol & Allied Chemicals Ltd.
Sharp Mint Ltd.
Rupangi Impex Ltd.
Jindal Drugs Pvt. Ltd.