DL-Menthol Industry - Regional Synopsis
Regionally, the global DL-menthol market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. Europe industry is expected to dominate majority revenue share by 2037, on account of rapidly growing food & beverages industry, and rising demand for DL-menthol from the skincare sector in the region. In 2020, drinks and miscellaneous food items worth approximately USD 8.5 billion and USD 2.5 billion respectively were exported from the United Kingdom to the European Union. Moreover, the market in Asia Pacific is expected to acquire the largest share during the forecast period, which can be credited to the increase in production of pharmaceuticals products in the region. In addition, strong footprint of market players is also projected to drive market growth in the coming years.
