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Phenethyl Alcohol Market Size (2024 - 2029)

The Phenethyl Alcohol Market is projected to experience growth driven by the increasing demand for personal care and cosmetic products, particularly among young consumers. This growth is supported by the easy availability of these products through various sales channels and a heightened focus on personal grooming. Additionally, phenethyl alcohol's applications in pharmaceuticals, as an antifungal preservative, and in the food and beverages industry as an organoleptic additive further contribute to its market expansion. Key market players are implementing innovative strategies to enhance their geographical presence and market share, indicating a competitive landscape aimed at capturing a larger portion of the market.

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Market Size of Phenethyl Alcohol Industry

Phenethyl Alcohol Market Summary
Study Period 2019-2029
Base Year For Estimation 2023
Market Size (2024) USD 183 Million
Market Size (2029) USD 237.70 Million
CAGR (2024 - 2029) 5.37 %
Market Concentration Low

Major Players

Phenethyl Alcohol Market 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
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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.

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Phenethyl Alcohol Market Size - Table of Contents

  1. 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. 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

Phenethyl Alcohol Market Size FAQs

The Phenethyl Alcohol Market size is expected to reach USD 183 million in 2024 and grow at a CAGR of 5.37% to reach USD 237.70 million by 2029.

In 2024, the Phenethyl Alcohol Market size is expected to reach USD 183 million.

Phenethyl Alcohol Market Report Snapshots

Phenethyl Alcohol Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)