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Menthol Export from India: Key Market & Growth Opportunities

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Key Highlights

  • Based on menthol export data, the total value of menthol export from India from April to January 2022-2023 was $170.15 million.
     
  • The top menthol exporters in India are Arora Aromatics, Bhagat Aromatics Ltd, Bright Aromatics, Kelvin Natural Mint Pvt. Ltd., and Hindustan Mint & Agro Products Pvt. Ltd.
     
  • The major menthol HSN codes are 2906.  29061100, and 30039021.
     
  • The biggest exporter of menthol is India, with an export value of US$ 237 million.

 

Mint plants like peppermint and spearmint contain menthol, a naturally occurring chemical component. It has a variety of uses, including in tobacco products, pain relievers, and reviving food and drink. Over the years, India has emerged as the world's biggest menthol producer and exporter.

This blog will help us to obtain data about menthol export from India, the leading menthol exporting countries, and much more.  Additionally, this blog offers support to prospective menthol exporters in India who want to enter the menthol export market.

Is it profitable for India to export menthol?

As the demand for menthol is growing, there are many opportunities for menthol exporters to expand their business internationally.

The menthol market is expanding, and the biggest producer capable of satisfying the world's rising menthol demand is India.

India’s contribution to the menthol market

It is estimated that the emerging market of Indian menthol crystal will surpass $172.97 million by 2028 from $111.55 million in 2021.

The global menthol market, which was valued at $4.5 billion in 2023, is expected to grow to $7.4 billion by 2030.

Factors propelling the global menthol industry:

  • Growing demand for menthol cigarettes
     
  • increased use of menthol in items like nasal sprays and ointments
     
  • increased demand for menthol as a pain reliever
     
  • awareness of grooming and personal hygiene
     
  • Menthol's application in the food and beverage industry.
     

Rank of India in menthol production

Menthol and its derivatives now account for 80–85% of global production, with India leading the globe in this area.

In 2023, India produced about 6,360 metric tons of menthol. Uttar Pradesh is the country's largest producer of menthol, accounting for 75% of total production.

The combined contributions of Madhya Pradesh and Bihar amount to 15%, Uttarakhand to 5%, and Punjab and Haryana to the remaining 5%.

India’s menthol export data: 2023-24

According to menthol export data, the total value of menthol export from India from April to January 2022–2023 was $170.15 million. With US$ 15.43 million, China obtained the largest part of these exports, followed by US$ 9.16 million.

Menthol export data shows that 5,038 shipments were shipped to export menthol from India between March 2023 and February 2024. The number of items shipped by 855 menthol exporters in India to 1,896 clients increased by 1% over the preceding 12 months.

In February 2024 alone, 58 shipments of menthol crystal were shipped out of India during this period. This shows a sequential growth of -22% from January 2024 and a growth of -40% from February 2023 over the prior year.

More insights on menthol export from India

The US, the Netherlands, and Germany are the top destinations for India's menthol crystal exports.

China, Singapore, and India are the top three exporters of menthol. With 8,967 shipments, India led the globe in menthol exports, followed by China with 1,659 shipments and Singapore with 275 shipments.

As per Menthol export data on Eximpedia.app,  29061100 is the Menthol hsn code. All cyclic alcohols and their derivatives, including menthol, are covered under this particular code. Additionally, menthol crystals have the HSN code 30039021.

Export of menthol from India is done in several forms, such as:

  • Crystals of menthol
     
  • Powdered menthol
     
  • Menthol IP, EP, BP, JP, and USP: utilized as a bulk pharmaceutical medication
     

India's top export destination for menthol

The top markets for Indian menthol are listed below:

S.no. Top Indian menthol importing countries Export value from India
1 China $129 million
2 United States $23.4 million
3 Singapore $11.7 million
4 Netherlands $8.12 million
5 Germany $6.71 million

 

China was the leading market for menthol export from India in 2022, importing $129 million worth of goods, according to menthol export data. Singapore, Thailand, and the Philippines are among the other countries where export of menthol from India are expanding the fastest.

You can also obtain the importer's list of menthol regions by going to Eximpedia.app. 

The top 10 Menthol exporting countries

The following list of countries exports significant amounts of menthol and menthol crystals:

S.no. Menthol exporting countries Export value
1 India US$ 237 million
2 China US$ 150 million
3 Germany US$ 104 million
4 European Union US$ 102 million
5 Malaysia US$ 86 million
6 Singapore US$ 38 million
7 United States US$ 32 million
8 Japan US$ 12.6 million
9 Netherlands US$ 6.5 million
10 France US$ 2.4 million

 

Thus, according to 2024, these are the main menthol exporting countries. However, with the value of the export of menthol at US$ 237 million, India became the world's largest menthol exporter. In addition to India, China, Germany, Malaysia, and Singapore are the main exporters of menthol.

Visit the Eximpedia.app to learn about India's position in the menthol export industry as well as other market details such as menthol export data, menthol exporters list, and menthol HSN codes. Also get  US Importers Database

India's leading exporters of menthol

The top menthol exporters in India are listed below:

  • Arora Aromatics
     
  • Bhagat Aromatics Ltd
     
  • Bright Aromatics
     
  • Kelvin Natural Mint Pvt. Ltd.
     
  • Hindustan Mint & Agro Products Pvt. Ltd.
     
  • A. G. Aromatics Pvt. Ltd
     
  • K. M. Chemicals
     
  • Natural Aroma Products Pvt Ltd
     
  • Moksha Lifestyle Products
     
  • Liable Essential Oil Products Pvt Ltd
     

Thus, all of these top Indian menthol exporters contribute to meeting the growing demand for menthol around the world. There are numerous other menthol exporters in India in addition to these. Contact us on Eximpedia.app to obtain the complete details on menthol export from India along with the world’s menthol export data.

How to find genuine menthol buyers globally?

Our dashboard, the Eximpedia.app, is the best way to locate consumers for your menthol export from India or free import export data online. Menthol export data on our platform offers an authentic list of importers and exporters of menthol together with menthol hsn codes.  Additionally, by giving you market information about your product and market, it will help you make important business decisions.

The final remarks!

Therefore, it is economical to export menthol from India due to the growing demand for it worldwide. Exporters of menthol can effectively identify and target the countries that import significant amounts of menthol by examining menthol export data. The exporter will gain from it since he can quickly gather all of the market data about his product in one location.

Eximpedia.app can help you create an export business plan for menthol so that your company can engage in international trade and understand the market, regardless of whether you're looking for the most recent information on menthol export from India, menthol exporters in India, menthol export data, or the menthol HSN codes. Click here to schedule a free demo with our team of professionals!

 

FAQ's

Q1. What country does Menthol come from?

The top Menthol exporting countries are India, China, Germany, the European Union, Malaysia, Singapore, the United States, and Japan.

Q2. What is the demand for menthol crystals in India?

The demand for menthol crystal in India was $111.55 million in 2021. It is estimated that it will surpass $172.97 million by 2028.

Q3. Who is the largest exporter of menthol?

India exported menthol worth US$ 237 million, making it the largest exporter of menthol in the world.

Q4. To which countries does India export menthol?

India's top export destinations for menthol are China, the United States, Singapore, the Netherlands, and Germany.

Q5. What are the Menthol HSN codes?

The main menthol HSN codes in the global trade market are 2906.  29061100, and 30039021.

 

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