Thymol Market Size, Share, Growth, and Industry Analysis by Type (Natural Thymol and Synthetic Thymol) By Application (Pharmaceutical/Biotechnology, Animal Health and Feedstuff, Flavor & Fragrances, and Others) Regional Forecast to 2028

Updated On: 06 March 2023

REPORT OVERVIEW

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The global thymol market size was USD 100.2 million in 2021. The global COVID-19 pandemic has been unprecedented and staggering, with thymol experiencing lower-than-anticipated/higher-than-anticipated demand across all regions compared to pre-pandemic levels. As per our research, the market is expected to reach USD 127.7 million in 2028, exhibiting a CAGR of 3.5% during the forecast period. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over. 

Thymol during the 1910s was the cure of optimal for hookworm infection in the U.S. People of the Middle East endure to use za'atar, a fragility made with large sums of thyme, to decrease and remove interior parasites. It is also used as a preserving agent in halothane, an anesthetic, and as an antibacterial in mouthwash. When used to decrease plaque and gingivitis, thymol has been originated to be more active when used in mixture with chlorhexidine than when used purely by itself.

Thymol is only marginally soluble in water at neutral pH, but it is exceptionally soluble in alcohols and other organic diluters. It is also solvable in intensely alkaline aqueous solutions owing to deprotonation of the phenol. It has a refractive index of 1.5208 and a tentative detachment proponent (p"K"_a) of 10.59±0.10. It captivates concentrated UV energy at 274 nm.

Thymol is also the lively antibacterial component in some toothpastes, such as Johnson & Johnson's Euthymol. It has been used to positively control varroa mites and avoid fermentation and the development of mold in bee collections. It is also used as a quickly degrading, non-persisting insecticide. It can also be used as a medical antiseptic and general purpose sanitizer.  

COVID-19 Impact: Halt on Manufacturing Operations to Slower Market Growth

The solicitation of suggestions by the governments and public-private corporations across the world to alleviate the impact of the COVID-19 pandemic is the key factor driving the progression of the Thymol market. The emphasis on hygiene rise steeply after the appearance of the COVID-19 in 2020 and flock high demand for personal hygiene goods such as antiseptics, liquid sanitizers, and gel sanitizers.

LATEST TRENDS

"Increasing Demand in Various Application to Boost Market Growth"

The increasing consumer demand for goods originated from natural bases or comprising natural combinations used to reserve or develop food quality and human health. Thymol extracted from natural sources such as oregano and thyme, displayed antioxidant, antimicrobial, antihypertensive, immunomodulatory and anticancer properties. They have also had uses in functional food preparations, inclined food quality and positively affected human health.

Segmentation

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• By Type Analysis

As per type, the market is classified into Natural Thymol and Synthetic Thymol.

• By Application Analysis

Based on application, the market is categorized into Pharmaceutical/Biotechnology, Animal Health and Feedstuff, Flavor & Fragrances, and Others.

DRIVING FACTORS

"Increasing Adoption in Skincare Products to Facilitate Market Development"

The global thymol market major driving factors are growing demand in cosmetics for skincare goods combined with increasing number of nutritional supplements and pills are anticipated to considerably upsurge the profits of the global thymol market in the coming years. Various users are using in various medicinal and chemical products.

"Increasing Demand for Natural Products to Foster Industry Progress"

The increasing awareness concerning the profits of natural products over the conventional products has headed to an upsurge in demand. Using natural and clean label product in daily use is a foremost concern amongst the people. It is a good substitute for the conventional personal care goods available in the market. It is mostly used in medicinal enhancements as it comprises numerous properties such as antiseptic, benefits in handling diseases related to digestive and nervous system. It is extensively used in fragrance industry as a constituent to instruct aroma in foods such as lotions and perfumes, soaps, and detergents.

RESTRAINING FACTORS

"Side Effects to Hinder Market Progress "

Thyme oil or supplements should be avoided during pregnancy. Thymol has estrogen-like effects that can effect menstruation and raise the risk of miscarriage. The use of thyme in cooking poses no such risk.

REGIONAL INSIGHTS

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"Increasing Adoption in Healthcare sector to Propel Market Progress in North America"

North America held the largest thymol market share. The increasing consumption of in pharmaceutical and personal care goods. The thymol market growth in the use of herbal medicine, it is one of the prominent for the cure of common health-related subjects. As the current population gives more inclination to natural products, it appears to have great prospect to achieve the demand for the market.

KEY INDUSTRY PLAYERS

"Incorporation of Research and Development Strategies to Improve their Brand Image"

The report delivers information about the list of market players and their working in the industry. The information is collected and reported with proper research, technological developments, acquisitions, mergers, expanding production lines, and partnerships. Other aspects examined for the global market include companies producing and introducing new products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Lanxess (Germany)
• VDH Group (India)
• Shree Bankery Behari Lal Aromatics (India)
• Huilong Group (China)
• Vigon (U.S.)

REPORT COVERAGE

The report covers overall market aspects, including the market segmentation based on its type and application. The report depicts a diverse group of participants that includes the market and the potential market leaders. Major factors that are expected to drive major growth in the market. The factors anticipated to expand the market share are also included in the report to offer market insights. The estimated growth of the market in the forecast period is also included in the report. The regional analysis is completed to explain the region's dominance in the global market. The factors hindering the growth of the market are discussed in detail. The SWOT analysis of the market is depicted in the report. It contains all-inclusive market details.