The global market of Menthol has observed a noticeable decline in November 2025 across major import markets such as the United States. The decline in the market value of Menthol has followed a period of firm procurement in October during which several buyers across the pharmaceutical, personal care and flavouring sectors have replenished their inventory positions in anticipation of their year-end production cycles. The market has transitioned into a phase of reduced urgency as the stock levels were carried forward in November which prompted the sellers to maintain lower price offers. The seasonal behaviour have further shaped the market landscape as Menthol which has cooling properties typically experiences a softer end-user demand during colder months. The market has gravitated toward softer pricing as the downstream manufacturers have moderated their consumption and prioritized existing stock over the fresh purchases. The factors have combined to produce a clear downward trajectory in the global Menthol market during the month of November in 2025.
