Who are the key players in Phenethyl Alcohol Market?

Evonik Industries AG, Koninklijke DSM NV, Yinghai (Cangzhou) Aroma Chemical Company Ltd, Harmony Organics Private Ltd and KDAC Pvt. Ltd are the major companies operating in the Phenethyl Alcohol Market. Read More

What years does this Phenethyl Alcohol Market cover, and what was the market size in 2023?

In 2023, the Phenethyl Alcohol Market size was estimated at USD 173.17 million. The report covers the Phenethyl Alcohol Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Phenethyl Alcohol Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Phenethyl Alcohol Market Size

Market Size of Phenethyl Alcohol Industry

Study Period	2019-2029
Base Year For Estimation	2023
Forecast Data Period	2024 - 2029
Market Size (2024)	USD 183 Million
Market Size (2029)	USD 237.70 Million
CAGR (2024 - 2029)	5.37 %
Market Concentration	Low
Major Players *Disclaimer: Major Players sorted in no particular order

Phenethyl Alcohol Market Analysis

The Phenethyl Alcohol Market size is estimated at USD 183 million in 2024, and is expected to reach USD 237.70 million by 2029, growing at a CAGR of 5.37% during the forecast period (2024-2029).

Phenylethyl or phenethyl alcohol is a colorless, naturally derived ingredient used in perfumes, soaps, and cosmetics. The rising demand for personal care and cosmetic products, particularly among young consumers, drives the demand for Phenylethyl alcohol. The simple accessibility of these cosmetic items through various sales channels, with the increased emphasis on personal grooming, aided the sales value. Besides, phenethyl alcohol is an approved pharmaceutical and supplement ingredient formulation used as an antifungal preservative in nasal, ophthalmic, and optic formulations. Phenethyl alcohol is also used in the food and beverages industry as an organoleptic additive in the final product. The prominent players in the market are adopting innovative strategies to increase their geographical reach and market share. For instance, in October 2022, Actylis invested USD 450 thousand to expand its research and development capabilities in Manchester. The purpose of this expansion was to improve the company's product portfolio.

Phenethyl Alcohol Industry Segmentation

Phenethyl Alcohol is an organic compound and colorless liquid with a floral-rose odor. The compound is often used to produce perfumes and as a flavoring agent in food products. The Phenethyl Alcohol Market is Segmented by Category (Natural and Synthetic), Application (Food and Beverages, Cosmetics/Personal Care, Fragrance, and Pharmaceutical), and Geography (Global, United States, Germany, United Kingdom, France, Italy, China, India, Japan, and Brazil). The market sizing has been done in value terms in USD for all the abovementioned segments.

Category
		Natural
		Synthetic

Application
		Food and Beverages
		Cosmetics/Personal Care
		Fragrance
		Pharmaceutical

Geography
		Global
		United States
		Germany
		United Kingdom
		France
		Italy
		China
		India
		Japan
		Brazil

Need A Different Region Or Segment?

Customize Now

Phenethyl Alcohol Market Size Summary

The Phenethyl Alcohol market is poised for significant growth, driven by its versatile applications in personal care, cosmetics, and the food and beverage industries. This naturally derived, colorless ingredient is increasingly sought after for its use in perfumes, soaps, and cosmetics, particularly among younger consumers who prioritize personal grooming and eco-friendly products. The market is also benefiting from the rising demand for natural and bio-based fragrance ingredients, as consumers become more aware of the harmful effects of synthetic chemicals. The fragrance industry, especially in the United States, is experiencing a surge in demand for diverse and unique scents, further propelling the market for phenethyl alcohol. Additionally, its role as an antifungal preservative in pharmaceutical and supplement formulations adds to its market appeal.

The competitive landscape of the Phenethyl Alcohol market is characterized by the presence of several regional and global players who are actively engaging in strategies such as product launches, mergers, acquisitions, and expansions to enhance their market share and consumer base. Notable companies like Koninklijke DSM NV, Evonik Industries AG, and others are leading these efforts. The market's growth is further supported by innovations in product offerings and increased advertising across social media platforms, which are driving the demand for custom-made perfumes and air fresheners. The expansion of production facilities and the establishment of new manufacturing units by key players underscore the industry's commitment to meeting the growing consumer demand and maintaining a strong market position.

Explore More

Phenethyl Alcohol Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Market Drivers
  1. 1.1.1 Wide Applications and Functionality
  2. 1.1.2 Low Price and Easy Availability of Synthetic Phenethyl Alcohol
2. 1.2 Market Restraints
  1. 1.2.1 Availability of Substitutes
3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis
  1. 1.3.1 Bargaining Power of Suppliers
  2. 1.3.2 Bargaining Power of Buyers/Consumers
  3. 1.3.3 Threat of New Entrants
  4. 1.3.4 Threat of Substitute Products
  5. 1.3.5 Intensity of Competitive Rivalry
2. MARKET SEGMENTATION
1. 2.1 Category
  1. 2.1.1 Natural
  2. 2.1.2 Synthetic
2. 2.2 Application
  1. 2.2.1 Food and Beverages
  2. 2.2.2 Cosmetics/Personal Care
  3. 2.2.3 Fragrance
  4. 2.2.4 Pharmaceutical
3. 2.3 Geography
  1. 2.3.1 Global
  2. 2.3.2 United States
  3. 2.3.3 Germany
  4. 2.3.4 United Kingdom
  5. 2.3.5 France
  6. 2.3.6 Italy
  7. 2.3.7 China
  8. 2.3.8 India
  9. 2.3.9 Japan
  10. 2.3.10 Brazil