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Mentha Oil

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CATEGORY ALERTS

Mentha Oil expected to gain over revival of demand from international trade despite dip in domestic demand

August 16, 2022
alert level: Medium

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Mentha Oil Market Monitoring Dashboard


Price Trend
1134.00
Nov-2022
INR/Kg
History Forecast
Supply Demand

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Mentha Oil Industry Benchmarks


Savings Achieved

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The average annual savings achieved in Mentha Oil category is 4.60%

Payment Terms

(in days)

The industry average payment terms in Mentha Oil category for the current quarter is 60.0 days

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    Mentha Oil Suppliers


    162
    Total Suppliers
    5
    Diverse Suppliers
    74
    Normalized Supplier Rating
    Mentha Oil  Supplier

    Find the right-fit mentha oil supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    Givaudan
    Location
    Jackson, Mississipi
    Duns number
    3862211

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    Up to 3 months

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    4
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    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

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    ESG Profile

    Company and Sector Performance
    49

    100
    Limited (1)
    ESG Perfomance (/100)
    Environment
    49
    Social
    45
    Governance
    56
    6 Domains Performance (/100)
    Business behaviour
    45
    Human rights
    46
    Community Environment
    29
    Corporate governance
    70
    Human resources
    42
    Security Scorecard
    79

    Threat indicators
    C
    75
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
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    F
    53
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    D
    66
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    Detecting common website application vulnerbilities
    A
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    A
    100
    Cubic Score
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    C
    77
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    Out of date company assets which may contain vulnerabilities of risk
    A
    100
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    A
    100
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    A
    100
    Information Leak
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    Industry Comparison
    givaudan.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    0
    Workforce Health Safety Issues
    0
    Product Service Issues
    1
    Human Rights Issues
    0
    Production Supply Chain Issues
    0
    Environmental Non Compliance Flags
    1
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    0
    Fraud Issues
    0
    Labor Health Safety Flags
    2
    Regulatory Issues
    0
    Workforce Disputes
    2
    Sanctions
    0
    esg energy transition
    60
    Discrimination Workforce Rights Issues
    0
    esg controversies critical severity
    No

    Mentha Oil market report transcript


    Mentha Oil Global Market Outlook:

    MARKET SIZE (2019) $6.8 Billion
    Availability (2019–2024) 150,000 MT
    (Expected to grow at a CAGR of 8.8 percent)

    Prices have historically been fairly volatile. India has emerged in recent years as a major hub for the export of mentha oil and its derivatives, placing exporters at risk of high costs subject to sudden and unpredictable price changes. The value chain participants will restrict this pricing risk on the MCX platform as a result of a liquid futures contract on the exchange.

    On the MCX, the trend for mentha oil futures was mixed. While the July contract fell as arrivals were anticipated to rise due to favorable weather conditions, the June contract increased on strong demand at domestic spot markets.

    The contract for June delivery was up 3.92 % or Rs. 41.50 from its previous closing price of Rs. 1057.50, trading at Rs. 1099.00. The contract for July delivery was down 0.57 % or Rs 6.10 from its previous closing price of Rs 1061.20, trading at Rs 1055.10. On MCX, the contract's open interest was 628 lots.

    Expenditure growth in this market might reach more than USD 300 million if it continues to expand at a CAGR of more than 5% from 2019 to 2024. As a significant element in the creation of confectionery goods including chewing gums, candies, and peppermint, mentha oil is being used in the food and beverage sector.

    The easy access to synthetic menthol, which is also mentha oil's less expensive substitute, will, however, restrain demand growth in the mentha oil market throughout the course of the projection year.

    The product is used extensively in end-user industries like aromatherapy, personal care and cosmetics, pharmaceuticals, and food and beverage, which is projected to drive market growth. The market is expanding as more individuals realise how important health and relaxation are.

    Increased consumer interest in the spa and leisure trend, as well as expanding acclaim for aromatherapy, massage oils, and personal care products, have all contributed to the sector's expansion.

    The sector is anticipated to advance as a result of additional variables like increased disposable incomes and a growing consumer preference for natural items made with organically derived ingredients. Additionally, the development of social media and countless manufacturer promotional initiatives are promoting market expansion.

    Key Market Drivers

    • Increasing demand for natural products

    • Awareness regarding health and wellness

    Porter's Analysis on Mentha Oil

    Supplier Power

    • Mint oil is produced at the farm level in many parts of India where the capacities are split into numerous players.

    • Highly fragmented industry with intrusion of many middle men and distributors

    Barriers to New Entrants

    • Entry of players at Tier II raw material level is feasible as those are built up with middle men.

    • High capital cost and processing skills restrain new entrants in the market.

    Intensity of Rivalry

    • Supplier market of natural menthol is highly consolidated with top 5-8 players holding > 80 percent f the market share.

    • Quality of the product defines the competition and remains the key differentiating factor.

    Threat of Substitutes

    • Natural menthol is usually replaceable by synthetic variants, 

    • In the past two years, use of synthetic menthol were high owing to the huge price differential between the duo.

    • Currently the price gap is widening with a difference of USD 14 per kg.

    Buyer Power

    • Buyer power of natural menthol is high for pharmaceutical buyers as they buy huge volumes while CPG firms have medium buyer power.

    • As quality determines the cost of the product, buyer power remain low to medium.