The Global Natural Menthol Powder Market was valued at USD 425.8 Million in 2023 and is projected to reach USD 586.3 Million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 5.4% during the forecast period (2024–2029). This robust growth is primarily driven by rising consumer preference for natural ingredients in pharmaceuticals, oral care, and the burgeoning food and beverage sector, alongside increasing demand for mentholated tobacco products in emerging economies.

As industries worldwide pivot toward cleaner labels and natural sourcing, the spotlight turns to the key producers and suppliers who are ensuring the quality, purity, and sustainable supply of this essential cooling agent. In this blog, we profile the Top 10 Companies in the Natural Menthol Powder Industry—a mix of established chemical giants, specialized aroma chemical producers, and vertically integrated agribusinesses shaping the future of global menthol supply.

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🔟 1. Agson Global

Headquarters: Mumbai, Maharashtra, India
Key Offering: Natural Menthol Crystals, Menthol Powder (99% purity), Peppermint Oil

Agson Global is a leading manufacturer and exporter of natural menthol and aroma chemicals. The company has a strong foothold in the global market, leveraging India’s position as a major producer of mentha oil. Their integrated operations span from cultivation to refined product manufacturing.

Key Market Strengths:

• Vertically integrated supply chain from mint farming
• Strong export network across North America, Europe, and Asia
• Focus on high-purity (99%+) menthol crystals and powder

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9️⃣ 2. Nantong Menthol Factory

Headquarters: Nantong, Jiangsu, China
Key Offering: Synthetic and Natural Menthol, Levomenthol, Mentha Piperita Oil

Nantong Menthol Factory is one of China’s largest producers of menthol, with significant production capacity for both synthetic and natural variants. The company serves a diverse clientele in the pharmaceutical, flavour, and fragrance industries globally.

Key Market Strengths:

• Large-scale production capabilities
• Competitive pricing strategy
• Diverse product portfolio catering to multiple industries

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8️⃣ 3. Tienyuan Chem

Headquarters: Shanghai, China
Key Offering: Natural L-Menthol, Synthetic Menthol, Menthol Flakes

Tienyuan Chemical is a prominent chemical supplier with a strong focus on aroma chemicals. The company has built a reputation for reliability and consistent quality in its natural menthol powder, which is extensively used in pharmaceuticals and personal care products.

Key Market Strengths:

• Strong R&D focus on product quality and application development
• Established logistics for global distribution
• Compliance with international quality standards (ISO, GMP)

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7️⃣ 4. Arora Aromatics

Headquarters: New Delhi, India
Key Offering: Natural Menthol Crystals, Dementholized Oil, Spearmint Oil

Arora Aromatics specializes in the distillation and refinement of essential oils, with natural menthol powder being a flagship product. The company has a strong presence in both domestic and international markets, with a focus on purity and sustainable sourcing.

Key Market Strengths:

• Direct sourcing from mint growers in Northern India
• Advanced fractional distillation technology
• Extensive experience in the flavours and fragrances sector

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6️⃣ 5. Fengle Perfume

Headquarters: Guangzhou, Guangdong, China
Key Offering: Menthol Powder, Peppermint Oil, Aroma Chemicals

Fengle Perfume is a key player in the Chinese aroma chemicals market, producing high-quality natural menthol powder for various applications. The company’s strategic location in a major industrial hub facilitates efficient export operations.

Key Market Strengths:

• Integrated manufacturing facility with advanced purification systems
• Strong customer base in the Asia-Pacific region
• Competitive edge in production cost efficiency

Download FREE Sample Report: Natural Menthol Powder Market – View in Detailed Research Report

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5️⃣ 6. Yinfeng Pharma

Headquarters: Xi’an, Shaanxi, China
Key Offering: Pharmaceutical-Grade Menthol, Natural Menthol USP/EP

Yinfeng Pharma focuses on producing high-purity, pharmaceutical-grade natural menthol. The company’s products meet stringent pharmacopoeia standards (USP, EP, JP), making them a preferred supplier for the global pharmaceutical industry.

Key Market Strengths:

• Specialization in pharmaceutical-grade ingredients
• Stringent quality control and regulatory compliance
• Trusted supplier to major pharmaceutical companies

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4️⃣ 7. Great Nation Essential Oils

Headquarters: Sao Paulo, Brazil
Key Offering: Natural Menthol from Cornmint, Essential Oils

Great Nation Essential Oils is a significant South American producer, utilizing locally sourced cornmint to produce natural menthol. The company is a key supplier for the regional market and is expanding its global footprint.

Key Market Strengths:

• Access to South American mint cultivation
• Growing influence in the Latin American market
• Commitment to sustainable and ethical sourcing practices

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3️⃣ 8. Xiangsheng Perfume

Headquarters: Zhejiang, China
Key Offering: Menthol Powder, Fragrance Compounds, Aroma Chemicals

Xiangsheng Perfume is a well-established manufacturer in China’s flavour and fragrance industry. The company produces consistent quality natural menthol powder, catering primarily to the cosmetics, personal care, and tobacco industries.

Key Market Strengths:

• Long-standing experience in the F&F industry
• Customization capabilities for specific client needs
• Robust distribution network within China

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2️⃣ 9. Ifan Chem

Headquarters: Hubei, China
Key Offering: Natural and Synthetic Menthol, Intermediates

Ifan Chemical is a chemical supplier with a diverse portfolio that includes high-purity natural menthol. The company serves a global clientele and is known for its technical support and customer service.

Key Market Strengths:

• Blend of natural and synthetic product offerings
• Strong online presence and digital marketing
• Focus on emerging market opportunities

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1️⃣ 10. Mentha & Allied Products

Headquarters: New Delhi, India
Key Offering: Menthol Crystals, Mint Oils, Terpenes

Mentha & Allied Products is a major Indian player with decades of experience in mentha oil and menthol production. The company is deeply integrated into the agricultural base of mentha cultivation, ensuring a stable supply of raw materials.

Key Market Strengths:

• Deep-rooted connections with Indian mint farmers
• Large-scale distillation and refining capacity
• Significant export volume to Europe and North America

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🌍 Outlook: The Future of Natural Menthol Powder Is Driven by Purity and Sustainability

The natural menthol powder market is experiencing a significant transformation. While traditional applications continue to dominate consumption, the industry is increasingly influenced by the demand for certified natural, organic, and sustainably sourced ingredients.

📈 Key Trends Shaping the Market:

• Growing consumer preference for natural over synthetic ingredients in personal care and pharmaceuticals
• Rising demand for menthol in nicotine replacement therapies and flavoured vaping products
• Increasing adoption in food and confectionery for its cooling sensation
• Supply chain innovations and sustainable farming practices to ensure consistent quality and volume

Get Full Report Here: Natural Menthol Powder Market – View in Detailed Research Report

The companies listed above are not only supplying a critical global ingredient—they are at the forefront of innovating sustainable and high-purity production methods to meet the evolving demands of diverse industries.