In 2024, the global phenoxyethanol market was valued at USD 1,742 million. During the forecast period, the Phenoxyethanol market to garner a sluggish CAGR of 3.10%. By 2034, the market is expected to gain a valuation of USD 2,364 million by 2034.
Phenoxyethanol is frequently found in cosmetic goods. It is an oily, sticky liquid with a nice scent. It keeps germs, fungus, and yeast from growing on the items and is safe for skin contact.
As phenoxyethanol is paraben-free and may be used in various personal care goods, including paint additives, skincare, haircare, cosmetics, and pharmaceuticals, it is regarded as one of the greatest personal care additives.
| Attributes | Key Insights |
|---|---|
| Market Size in 2024 | USD 1,742 million |
| Market Value in 2034 | USD 2,364 million |
| Value-based CAGR from 2024 to 2034 | 3.10% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
The global demand for the phenoxyethanol market was estimated to reach a valuation of USD 1504 million in 2019, according to a report from Future Market Insights (FMI). From 2019 to 2023, the phenoxyethanol market witnessed a CAGR of 3.10%.
Phenoxyethanol is one of the most popular additions used by producers in hygiene products since it is paraben-free and antibacterial. Deodorants, perfumes, and soaps all contain these ingredients.
Phenoxyethanol's antibacterial, antifungal, and antimicrobial qualities, which help to prolong product shelf life, make it a common ingredient in ointments, detergents, and cleansers. Projections indicate that the global phenoxyethanol market is expected to experience a CAGR of 3.10% from 2024 to 2034.
| Historical CAGR (2019 to 2023) | 3.10% |
|---|---|
| Forecasted CAGR (2024 to 2034) | 3.10% |
Principal Consultant
This section will detail the nonsurgical fat reduction markets in key countries, including the United States, Germany, China, Japan, Australia, and New Zealand. The below section will emphasize the reasons that are pushing growth in each of the regions.
| Countries | Forecast CAGRs from 2024 to 2034 |
|---|---|
| The United States | 14.80% |
| Germany | 11% |
| China | 12.80% |
| Japan | 4.50% |
| Australia and New Zealand | 3.0% |
The phenoxyethanol market in the United States is predicted to grow with an impressive CAGR of 14.80%. The growth of the market in the country is increasing demand for personal care products, rising disposable income, and growing awareness of skincare and hygiene has contributed to the growth of the phenoxyethanol market.
The presence of a robust personal care industry, including the country's skincare, haircare, cosmetics, and toiletries industry, boosts the market demand. With an increasing focus on clean-label products and natural ingredients, there is growing demand for preservatives like phenoxyethanol, which are safer alternatives to traditional synthetic preservatives.
The phenoxyethanol market in Germany is slated to rise at a healthy CAGR of 11.0%. Preservatives for skincare, haircare, and cosmetic goods are in high demand in Germany's thriving personal care market. Because of its effectiveness against bacteria, yeast, and mold, phenoxyethanol is frequently utilized as a preservative in various formulations, which has helped the industry expand.
Demand for phenoxyethanol in the market has been fueled by regulatory bodies' approval of its usage as a preservative in cosmetics, up to certain concentration limitations, including the European Union (EU) and the German Federal Institute for Risk Assessment (BfR).
Consumers are choosing preservatives with favorable safety profiles more and more as they become more aware of product safety and ingredient transparency, driving the market growth in the country.
Demand for phenoxyethanol in China will likely develop at a CAGR of 12.80% for the forecast period. The main factor propelling the market growth in the country is the presence of the largest and fastest-growing personal care industry.
Because of its broad spectrum of antibacterial qualities, phenoxyethanol is preferred and is a necessary component in many personal care products. Expansion of the pharmaceutical industry also drives the market demand in the country. The phenoxyethanol market in China is growing as a result of novel formulations and applications made possible by ongoing technical improvements.
The phenoxyethanol market in Japan is set to register a CAGR of 4.50%. Japan has strict laws governing the effectiveness and safety of personal hygiene and cosmetic goods.
Regulation agencies, including the Ministry of Health, Labour, and Welfare (MHLW), have approved phenoxyethanol as a preservative within certain concentration limitations. This approval has created a regulatory framework that supports the expansion of the phenoloxyethanol business.
The market has seen growth with the introduction of new cosmetics and personal care products using phenoxyethanol as a preservative, driven by continuous development in formulation technology and product development.
The phenoxyethanol demand in Australia and New Zealand is estimated to rise at a CAGR of 3.0% during the forecast period (2024 to 2034). Increasing Consumer demand in Australia and New Zealand for safe, effective, and environmentally friendly products, driving market growth.
The increasing consumer preferences and trends for natural and sustainable ingredients in personal care and cosmetics products are the key factors driving the significant demand for phenoxyethanol in Australia and New Zealand.
The section below shows the leading segment. The food-grade segment is expected to account for a market share of 35.70% in 2024. Based on form, the powder segment is expected to have a share of 40.50%.
| Category | Market Share |
|---|---|
| Food Grade | 35.70% |
| Powder | 40.50% |
The food-grade segment has come up as a dominant force in the phenoxyethanol market, having a share of 35.7% of the total market in 2024. Due to its broad-spectrum antibacterial activity, phenolethoxyethanol successfully prevents the growth of mold, yeast, and bacteria in food goods.
Phenoxyethanol is a useful ingredient in many food formulations such as sauces, dressing, beverages, and baked products due to its ability of long shelf life and avoid spoiling.
Phenoxyethanol helps keep food like sauces, dressings, drinks, and baked items fresh for longer. The increasing demand of people for ready-to-eat meals and snacks due to their busy schedules, to make sure these foods stay good while they’re being moved and stored, and to help them last longer, people use preservatives like phenoxyethanol.
Based on form, the powder segment is expected to account for a market share of 40.50% in 2024. Compared to its liquid form, powdered phenoxyethanol is usually lighter and more compact, making handling, packaging, and transportation easier.
The advantages for manufacturers and suppliers include lower transportation costs and less logistical difficulties when sending large liquid formulations. Powdered phenoxyethanol also reduces the possibility of spills and leaks during transportation, which enhances operational safety and efficiency.
When phenoxyethanol is powdered instead of liquid, stability is increased. When stored and transported, powdered formulations can tolerate a greater variety of temperature and humidity levels and are less prone to degradation.
This increased stability guarantees that phenoxyethanol's effectiveness will be maintained throughout time, resulting in a longer shelf life and less product waste.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
To meet sustainability norms, industry leaders are introducing new bio-based products. Major developments in the phenoxyethanol market are the production of eco-friendly products and the rise in the use of paraben-free products.
Manufacturers in this sector are working with sustainable enterprises to expand their production capabilities and strengthen their brand's visibility in international marketplaces. Companies are concentrating on research and development initiatives to assess consumer needs and introduce skincare and makeup products in line with those needs.
| Attributes | Details |
|---|---|
| Estimated Market Size in 2024 | USD 1,742 million |
| Projected Market Valuation in 2034 | USD 2,364 million |
| Value-based CAGR 2024 to 2034 | 3.10% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | Value in USD million |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East and Africa |
| Key Market Segments Covered | Form, End Use, Region |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel |
| Key Companies Profiled | DuPont; Dow; BASF SE; Clariant AG; Ashland Global Holdings Inc.; Penta International Corporation; Galaxy Surfactants; Akema Fine Chemicals |
As of 2024, the market for phenoxyethanol is expected to be valued at USD 1742 million.
By 2034, the market value of phenoxyethanol is expected to reach USD 2364 million.
From 2024 to 2034, the phenoxyethanol market is expected to flourish at a CAGR of 3.10%
The powder segment is expected to account for a market share of 40.50% in 2024.
The United States is likely the top-performing market, with a CAGR of 14.80%.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use 5.1. Feed Grade 5.2. Food Grade 5.3. Cosmetic Grade 5.4. Pharma Grade 5.5. Industrial Grade 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Form 6.1. Powder 6.2. Liquid 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. DuPont 17.2. Dow 17.3. BASF SE 17.4. Clariant AG 17.5. Ashland Global Holdings Inc. 17.6. Penta International Corporation 17.7. Galaxy Surfactants 17.8. Akema Fine Chemicals 18. Assumptions & Acronyms Used 19. Research Methodology
Explore Food and Beverage Insights
View Reports
Phenoxyethanol Market
