Menthol Sales

Menthol Sales Market Outlook

The global menthol sales market is projected to reach USD 1.5 billion by 2035, expanding at a Compound Annual Growth Rate (CAGR) of 5.8% during the forecast period of 2025 to 2035. The growth in this sector is primarily fueled by the increasing demand for menthol in various applications, including pharmaceuticals, food and beverages, and personal care products. Additionally, the rising consumer awareness regarding the health benefits of menthol, such as its cooling and soothing effects, is further expected to drive market growth. The expansion of the tobacco industry, particularly in emerging markets, also plays a significant role in augmenting the global demand for menthol. Furthermore, the increasing popularity of natural and organic products is expected to boost the demand for natural menthol, creating new opportunities for market players.

Growth Factor of the Market

One of the primary growth factors for the menthol sales market is the rising adoption of menthol-based products in the pharmaceutical industry, where menthol is commonly used for its analgesic properties in topical ointments and cough drops. Additionally, the food and beverage sector is experiencing a surge in demand for menthol as a flavoring agent, particularly in confectionery and beverages. The growing trend of using menthol in personal care products, including toothpaste and mouthwash, is also contributing to the market's expansion. Furthermore, the increasing popularity of menthol in the tobacco industry, particularly in menthol cigarettes, is significantly influencing sales. The shift towards online shopping has also made it easier for consumers to access menthol products, thereby boosting sales across various distribution channels.

Key Highlights of the Market

• The market is expected to reach USD 1.5 billion by 2035, growing at a CAGR of 5.8%.
• Natural menthol is gaining popularity due to increasing consumer preference for organic products.
• The pharmaceuticals segment is a major driver of growth, particularly for topical applications.
• Online distribution channels are becoming increasingly relevant, providing wider access to consumers.
• The Asia Pacific region is anticipated to exhibit the highest growth rate during the forecast period.

By Product Type

Menthol Crystals:

Menthol crystals are solidified forms of menthol that are widely used in various applications due to their strong menthol flavor and aroma. They are primarily employed in the food and beverage industry for imparting flavor to products such as candies, gums, and beverages. The cooling effect of menthol crystals is also utilized in pharmaceuticals for topical ointments and pain relief products. The versatility and intense flavor profile of menthol crystals make them a popular choice among manufacturers looking to create innovative products that appeal to consumer preferences. With the growing trend of natural and organic products, the demand for high-quality menthol crystals derived from natural sources is expected to rise, contributing to market growth.

Menthol Liquid:

Menthol liquid is commonly used in the formulation of various products, including e-liquids for vaping and flavorings for food and beverages. The liquid form allows for easy mixing, making it a favored option among manufacturers for creating menthol-flavored products. In the personal care sector, menthol liquid is used in lotions, creams, and other skincare products for its cooling and soothing properties. The increasing popularity of vaping has significantly driven the demand for menthol liquid, especially among younger consumers. As the trend towards customized flavors continues to rise, menthol liquid is expected to gain traction, leading to an increase in sales across multiple industries.

Menthol Powder:

Menthol powder is another form of menthol that offers convenience in handling and incorporation into various products. It is primarily used in pharmaceutical formulations, particularly in lozenges and cough syrups, due to its ability to provide rapid relief from coughs and throat irritation. Additionally, the food industry utilizes menthol powder as a flavoring agent in candies, baked goods, and beverages. The versatility of menthol powder makes it suitable for both industrial and consumer applications. As consumer preferences shift towards products that offer immediate and effective relief, the demand for menthol powder in pharmaceuticals is expected to grow, contributing positively to the overall menthol sales market.

Menthol Oil:

Menthol oil is extracted from mint plants and is known for its strong aroma and flavor. It is extensively used in aromatherapy, personal care products, and as a flavoring agent in food and beverages. The increasing consumer interest in natural and organic products has led to a surge in demand for menthol oil, particularly from health-conscious consumers. Furthermore, the antiseptic and anti-inflammatory properties of menthol oil make it a popular ingredient in various topical formulations for pain relief. As the trend towards holistic health and wellness continues to grow, the consumption of menthol oil is expected to witness significant growth, propelling the overall market forward.

Menthol Flakes:

Menthol flakes are thin, flat pieces of menthol that are typically used in various applications, primarily within the food and beverage industry. Their unique texture and ability to dissolve quickly in liquids make them an attractive option for manufacturers looking to create menthol-infused products. These flakes are especially popular in the production of chewing gums, lozenges, and other confectionery items, where a refreshing flavor is desired. Additionally, menthol flakes are utilized in the tobacco industry for flavoring purposes. With increasing innovation in flavor formulations and the demand for unique consumer experiences, menthol flakes are expected to gain traction, contributing positively to the menthol sales market.

By Application

Pharmaceuticals:

The pharmaceuticals segment is a significant driver of the menthol sales market, as menthol is widely recognized for its therapeutic properties. It is commonly used in various medicinal applications, such as cough syrups, ointments, and topical analgesics. Menthol provides immediate relief from respiratory ailments and acts as a natural decongestant, making it an essential ingredient in many over-the-counter medications. The rising consumer inclination towards natural remedies and the increasing prevalence of respiratory conditions are likely to sustain the demand for menthol in this sector. Furthermore, ongoing research into the potential health benefits of menthol is expected to enhance its applications in the pharmaceutical industry, thus propelling market growth.

Food & Beverages:

The food and beverages segment is experiencing robust growth due to the rising popularity of menthol as a flavoring agent. Menthol is widely used in confectionery products, beverages, and baked goods to impart a refreshing flavor and aroma. The growing demand for flavored products, particularly among younger consumers, is driving manufacturers to explore innovative uses of menthol in their formulations. Additionally, the increasing trend of using natural ingredients in food products has led to a surge in demand for natural menthol, further propelling the segment's growth. As consumer preferences continue to evolve towards unique flavors and experiences, the food and beverages sector is expected to remain a strong market for menthol sales.

Personal Care:

Menthol is widely used in the personal care industry, particularly in products such as lotions, creams, and oral hygiene products. Its cooling properties provide a refreshing sensation when applied to the skin or used in mouthwash and toothpaste. The increasing awareness of the benefits of menthol in personal care formulations has led to a surge in its demand, particularly among health-conscious consumers seeking products that offer both effectiveness and sensory appeal. The trend towards natural and organic personal care products is also contributing to the demand for menthol, as manufacturers seek to incorporate natural menthol into their formulations. As the personal care industry continues to innovate, the use of menthol is expected to grow, creating new opportunities for market players.

Tobacco:

Menthol has long been a staple in the tobacco industry, particularly in menthol cigarettes. The unique flavor and cooling sensation that menthol provides contribute to a distinctive smoking experience that appeals to many consumers. Despite regulatory changes and public health initiatives aimed at reducing smoking rates, the demand for menthol tobacco products remains robust, especially in certain demographics. The existing consumer base, along with the potential for product innovation, ensures that menthol will continue to play a significant role in the tobacco market. As manufacturers develop new menthol-infused tobacco products, the segment is expected to sustain its relevance and grow, albeit at a slower pace compared to other applications.

Others:

The "Others" application segment encompasses a variety of uses for menthol, including its incorporation into automotive products, cleaning agents, and other industrial applications. For instance, menthol is used in air fresheners and cleaning products for its pleasant aroma and ability to mask odors effectively. The versatility of menthol lends itself to a range of applications across different industries. Growing awareness of the benefits of menthol in enhancing consumer experience has led to increased demand in this segment. As industries continue to explore innovative applications for menthol, this segment is expected to gain traction, contributing to the overall growth of the menthol sales market.

By Distribution Channel

Online Stores:

Online stores have emerged as a significant distribution channel for menthol products, driven by the increasing trend of e-commerce and the convenience it offers to consumers. The availability of a wide range of menthol products on various online platforms allows consumers to easily compare prices and make informed purchasing decisions. Additionally, online stores often provide exclusive deals and discounts, further attracting consumers to shop online. The COVID-19 pandemic accelerated the shift towards online shopping, and this trend is expected to continue in the coming years. As more consumers prefer the convenience and safety of online shopping, the online channel is likely to witness substantial growth in menthol sales.

Retail Stores:

Retail stores remain a crucial distribution channel for menthol products, providing consumers with immediate access to a variety of menthol-based items. Traditional brick-and-mortar stores, including pharmacies, supermarkets, and convenience stores, play a significant role in catering to consumer demand for menthol. The ability to physically inspect products before purchasing is a key advantage that retail stores have over online shopping. Furthermore, the presence of knowledgeable staff in retail stores can help educate consumers about the benefits of menthol products, enhancing the shopping experience. Despite the rise of e-commerce, retail stores are expected to continue to be a vital channel for menthol sales, particularly for consumers who prefer in-person shopping.

Specialty Stores:

Specialty stores, particularly those focused on health and wellness, play an important role in the distribution of menthol products. These stores often carry a curated selection of natural and organic menthol options, catering to health-conscious consumers who prioritize ingredient sourcing and product efficacy. The knowledgeable staff in specialty stores can provide valuable insights and recommendations to consumers, enhancing their shopping experience. Additionally, specialty stores often host events and workshops to promote products, further driving consumer interest in menthol. As the trend towards natural and organic products continues, specialty stores are expected to see an increase in menthol sales, contributing positively to the overall market.

Convenience Stores:

Convenience stores have become a popular distribution channel for menthol products, particularly due to their accessibility and extended operating hours. Consumers often turn to convenience stores for quick purchases of menthol-based items such as candies, chewing gums, and tobacco products. The fast-paced lifestyle of modern consumers drives the demand for convenient shopping options, making convenience stores an essential channel in the menthol sales market. These stores benefit from high foot traffic and are strategically located to meet the needs of consumers on the go. As consumer preferences continue to lean towards convenience, the role of convenience stores in the menthol market is expected to grow, supporting overall sales growth.

Others:

The "Others" distribution channel segment includes various alternative sales channels such as wholesalers, distributors, and direct sales. These channels serve to bridge the gap between manufacturers and consumers, ensuring that menthol products reach various market segments. Wholesalers and distributors play a crucial role in supplying menthol products to retail stores and specialty shops, while direct sales allow manufacturers to engage with consumers directly, fostering brand loyalty. Despite being less prominent than online or retail channels, these alternative distribution methods are vital for ensuring broad market coverage and availability of menthol products across different regions and demographics. As the industry evolves, these channels are likely to adapt to changing consumer behaviors, further enhancing their role in the menthol sales market.

By Ingredient Type

Natural Menthol:

Natural menthol is derived from mint plants and is increasingly favored by consumers seeking organic and natural products. This rising preference is largely driven by health-conscious consumers who are more aware of the potential side effects of synthetic ingredients. Natural menthol is commonly utilized in pharmaceuticals, food and beverages, and personal care products for its myriad benefits, including soothing effects and pleasant aroma. The growth of the organic and natural products market is expected to bolster the demand for natural menthol significantly. As more companies prioritize sustainability and ingredient transparency, the popularity of natural menthol is likely to rise, further contributing to the market's growth.

Synthetic Menthol:

Synthetic menthol is produced through chemical processes and is often less expensive than its natural counterpart. This affordability makes it a popular choice among manufacturers looking to reduce production costs while maintaining product efficacy. Synthetic menthol is widely used in various applications, including pharmaceuticals, tobacco, food and beverages, and personal care products. The versatility of synthetic menthol allows for its use in a wide range of formulations. However, as consumer awareness of the benefits of natural products grows, the demand for synthetic menthol may face challenges. Nevertheless, the ongoing development of synthetic menthol technologies may lead to enhanced product quality and performance, maintaining its relevance in the market.

Blended Menthol:

Blended menthol is a combination of both natural and synthetic menthol, providing manufacturers with the flexibility to formulate products based on specific consumer preferences and requirements. This type of menthol allows for customization, enabling product developers to achieve desired flavors and aromas while potentially reducing costs. Blended menthol is utilized across a variety of applications, including pharmaceuticals, food and beverages, and personal care products, making it a versatile choice for manufacturers. As trends shift towards more tailored consumer experiences, the demand for blended menthol is expected to rise, offering a unique solution that balances cost-effectiveness with product efficacy. This segment's growth will likely be driven by innovation and the evolving landscape of consumer preferences.

By Region

The regional analysis of the menthol sales market indicates that North America holds a significant share of the global market, primarily driven by the strong presence of the pharmaceuticals and tobacco industries. The United States, in particular, is a leading consumer of menthol products, with the demand for menthol cigarettes and various pharmaceutical applications significantly contributing to market growth. The region is also known for its focus on research and development, leading to innovative applications of menthol in personal care and food products. North America is anticipated to maintain its dominance, with a projected CAGR of 5.3% during the forecast period.

Europe follows closely behind, with a substantial market share driven by the increasing demand for natural and organic menthol products. The European market is characterized by a growing trend towards health and wellness, leading to higher consumption of natural menthol in pharmaceuticals and personal care applications. Countries like Germany and France are witnessing a rise in consumer awareness regarding the benefits of menthol, thereby boosting sales. The Asia Pacific region is expected to exhibit the highest growth rate, fueled by rapid urbanization and an expanding middle-class population. The increasing adoption of menthol in various applications, particularly in food and beverages, positions the Asia Pacific region as a key market for future growth.

Opportunities

The menthol sales market presents ample opportunities for growth, particularly in the realm of natural and organic products. As consumers become increasingly health-conscious, the demand for natural menthol derived from mint plants is on the rise. This trend is complemented by the overall shift towards sustainability and transparency in ingredient sourcing. Manufacturers that prioritize the development of high-quality, natural menthol-based products may find themselves well-positioned to capture market share. Additionally, the potential for innovative applications of menthol across various industries, including pharmaceuticals and personal care, presents significant opportunities for brands to diversify their product offerings. By capitalizing on these trends, companies can enhance their competitiveness in the menthol market.

Furthermore, the expansion of e-commerce presents another lucrative opportunity for menthol product sales. As online shopping continues to grow in popularity, companies can reach a wider audience through digital platforms, catering to the preferences of tech-savvy consumers. This expansion allows manufacturers to showcase their products effectively and engage with customers more directly. By investing in online marketing strategies and improving their digital presence, companies can drive sales growth and enhance brand loyalty. Additionally, exploring international markets, particularly in the Asia Pacific region, can unlock new revenue streams and tap into emerging consumer demand for menthol-based products.

Threats

Despite the growth potential, the menthol sales market faces several threats that could impede its progress. One significant threat is the increasing regulatory scrutiny surrounding menthol products, particularly in the tobacco industry. Governments are implementing stricter regulations on tobacco products, including menthol cigarettes, which could lead to a decline in sales within this segment. Additionally, the rising awareness of the health risks associated with smoking may deter consumers from purchasing menthol cigarettes, further impacting market growth. Manufacturers must adapt to these regulatory changes while also addressing consumer concerns regarding health and safety, which could pose challenges in the future.

Another potential threat to the menthol sales market is the growing competition from alternative flavoring agents. As consumers become more adventurous in their preferences, there may be a shift towards other natural flavors that offer similar cooling sensations without the use of menthol. This could lead to a decline in demand for menthol products as brands explore new flavor profiles to attract consumers. Furthermore, fluctuations in the supply chain for mint plants, which are essential for producing natural menthol, could impact the availability of raw materials and lead to price volatility. Manufacturers must navigate these challenges to maintain their market position and ensure sustainable growth.

Competitor Outlook

• Mentholatum Co., Inc.
• Symrise AG
• Kanegrade Limited
• V. Mane Fils SA
• Flavorchem Corporation
• Wacker Chemie AG
• DMH Ingredients, Inc.
• McCormick & Company, Inc.
• Givaudan SA
• WILD Flavors & Specialty Ingredients
• International Flavors & Fragrances Inc. (IFF)
• Eastman Chemical Company
• Firmenich SA
• Menthols & Flavors, LLC
• Ajinomoto Co., Inc.

The competitive landscape of the menthol sales market is characterized by a mix of established players and emerging companies striving to gain market share. Leading companies such as Givaudan, IFF, and Symrise dominate the market with their extensive product portfolios and strong distribution networks. These companies invest heavily in research and development to innovate and enhance their product offerings, ensuring they meet the evolving consumer demands for natural and organic menthol products. Additionally, the global presence of these industry giants enables them to capitalize on growth opportunities across various regions, particularly in North America and Europe.

Emerging companies are also making their mark in the menthol sales market by focusing on niche segments and offering specialized products. For instance, companies like Mentholatum Co., Inc. and Kanegrade Limited emphasize the production of high-quality natural menthol and cater to specific industries such as pharmaceuticals and personal care. These smaller players often leverage their agility to respond quickly to market trends, allowing them to compete effectively against larger corporations. The growing trend towards sustainability and ethical sourcing also presents avenues for these companies to differentiate themselves and appeal to consumer preferences.

Furthermore, strategic partnerships and collaborations are becoming increasingly common as companies seek to enhance their capabilities and expand their market reach. Joint ventures between menthol manufacturers and other industry stakeholders can lead to shared expertise, innovative product development, and increased distribution efficiencies. By leveraging each other's strengths, companies can create synergies that drive growth and improve competitiveness in the menthol sales market. As the industry continues to evolve, maintaining a strong competitive edge will be crucial for companies looking to thrive in this dynamic landscape.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Symrise AG
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Givaudan SA
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Firmenich SA
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 V. Mane Fils SA
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Wacker Chemie AG
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Kanegrade Limited
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Ajinomoto Co., Inc.
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 DMH Ingredients, Inc.
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Mentholatum Co., Inc.
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Flavorchem Corporation
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Menthols & Flavors, LLC
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Eastman Chemical Company
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 McCormick & Company, Inc.
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 WILD Flavors & Specialty Ingredients
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 International Flavors & Fragrances Inc. (IFF)
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Menthol Sales Market, By Application
    • 6.1.1 Pharmaceuticals
    • 6.1.2 Food & Beverages
    • 6.1.3 Personal Care
    • 6.1.4 Tobacco
    • 6.1.5 Others
  • 6.2 Menthol Sales Market, By Product Type
    • 6.2.1 Menthol Crystals
    • 6.2.2 Menthol Liquid
    • 6.2.3 Menthol Powder
    • 6.2.4 Menthol Oil
    • 6.2.5 Menthol Flakes
  • 6.3 Menthol Sales Market, By Ingredient Type
    • 6.3.1 Natural Menthol
    • 6.3.2 Synthetic Menthol
    • 6.3.3 Blended Menthol
  • 6.4 Menthol Sales Market, By Distribution Channel
    • 6.4.1 Online Stores
    • 6.4.2 Retail Stores
    • 6.4.3 Specialty Stores
    • 6.4.4 Convenience Stores
    • 6.4.5 Others

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Menthol Sales Market by Region
  • 10.4 Latin America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 Brazil
      • 10.4.1.2 Argentina
      • 10.4.1.3 Mexico
  • 10.5 North America - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 USA
      • 10.5.1.2 Canada
  • 10.6 Middle East & Africa - Market Analysis
    • 10.6.1 By Country
      • 10.6.1.1 Middle East
      • 10.6.1.2 Africa

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Menthol Sales market is categorized based on

By Product Type

• Menthol Crystals
• Menthol Liquid
• Menthol Powder
• Menthol Oil
• Menthol Flakes

By Application

• Pharmaceuticals
• Food & Beverages
• Personal Care
• Tobacco
• Others

By Distribution Channel

• Online Stores
• Retail Stores
• Specialty Stores
• Convenience Stores
• Others

By Ingredient Type

• Natural Menthol
• Synthetic Menthol
• Blended Menthol

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Mentholatum Co., Inc.
• Symrise AG
• Kanegrade Limited
• V. Mane Fils SA
• Flavorchem Corporation
• Wacker Chemie AG
• DMH Ingredients, Inc.
• McCormick & Company, Inc.
• Givaudan SA
• WILD Flavors & Specialty Ingredients
• International Flavors & Fragrances Inc. (IFF)
• Eastman Chemical Company
• Firmenich SA
• Menthols & Flavors, LLC
• Ajinomoto Co., Inc.