The worldwide supply of menthol is anticipated to experience consistent growth until 2040, primarily due to rising demand in the pharmaceuticals, food and beverage, and personal care sectors. As an essential component in items such as cough drops, flavourings, and cosmetics, menthol’s appeal is strengthened by a consumer trend favouring natural and organic products. Furthermore, the proliferation of menthol-flavoured offerings, especially within the tobacco sector, contributes significantly to this demand. This growth is also underpinned by considerable investments in mint cultivation and processing facilities, particularly in major production areas like the United States, China, and India, which provide optimal agricultural conditions and plentiful raw materials. In addition, innovations in extraction and synthesis technologies are projected to improve supply efficiency and lower costs.