This document discusses natural and synthetic menthol production. Natural menthol is produced by extracting menthol crystals from mint essential oil. Synthetic menthol is produced via three main industrial processes: the Symrise process, Takasago process, and BASF process. While synthetic menthol production is more financially attractive due to stable supplies and reagents, the natural menthol market will only decrease if price differences narrow, which requires increased natural supply or decreased prices.