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Coniferyl Alcohol Market Competitive And Growth Analysis 2024 | Thermo Fisher Scientific Inc., Merck & Co. Inc., FUJIFILM Corporation, Avantor, Lenzing AG, SRI International
Coniferyl Alcohol Global Market Report 2024
As per the report, the coniferyl alcohol market size has grown strongly in recent years. It will grow from $1.16 billion in 2023 to $1.24 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The coniferyl alcohol market size is expected to see strong growth in the next few years. It will grow to $1.65 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%.
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Rising Consumer Focus on Health and Wellness Is Driving Growth Of The Coniferyl Alcohol Market
The consumers increasingly prioritize health and wellness, which is expected to propel the growth of the coniferyl alcohol market going forward. Consumers increasingly prioritize health and fitness, emphasizing overall well-being and adopting lifestyle choices that promote vitality and optimal quality of life. Consumers increasingly prioritize health and wellness due to various factors, including a heightened awareness of preventive healthcare, the desire for natural and organic products, and the influence of digital health technologies. Coniferyl alcohol has various potential natural health benefits, such as promoting antioxidant-rich diets and contributing to overall wellness and vitality. For instance, in May 2022, according to a survey of 1,005 Americans ages 18 to 80 by the International Food Information Council, a US-based nonprofit education and consumer research organization, a notable surge in dietary consciousness was observed among Americans, with 52% reporting adherence to a specific diet or eating pattern in 2022. This marked a substantial rise compared to the preceding years, which recorded figures of 39% in 2021 and 43% in 2020. Therefore, consumers increasingly prioritize health and wellness, which is driving the growth of the coniferyl alcohol market.
Strategic Partnership For Expanding New Product Offerings
Major companies operating in the coniferyl alcohol market are focused on forming strategic partnerships for new developments to enhance their product offerings and market reach. Strategic partnerships are formal agreements between two or more organizations to collaborate on specific business objectives while maintaining their independence. For instance, in September 2022, Qmx Laboratories, a UK-based supplier of specialist chemical and laboratory equipment, partnered with Toronto Research Chemicals Inc., a Canada-based manufacturer of complex organic chemicals, including Dehydrodiconiferyl alcohol, to launch a wide range of products, including biochemicals, fluorescent reagents, pesticides, pharmaceuticals, vitamins, and stable isotopes. They will also supply therapeutic and research targets for cancer research, including products in cancer immunology, growth factors, ligands, and labeled isotopes.
The coniferyl alcohol market covered in this report is segmented -
1) By Biosynthesis: Eugenol, Stilbenoids, Coumarin
2) By Application: Fragrance And Flavor, Polymer Materials, Other Applications
3) By End User: Food And Beverage, Cosmetics, Personal Care, Pharmaceuticals, Other End Users
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Major companies operating in the coniferyl alcohol market are Thermo Fisher Scientific Inc., Merck & Co. Inc., FUJIFILM Corporation, Avantor, Lenzing AG, SRI International, Cayman Chemical Company, Biosynth AG, Santa Cruz Biotechnology Inc., LEAP CHEM CO. LTD., Manchester Organics Ltd., TargetMol Chemicals Inc., Finetech Industry Limited, Lifeasible, DC Chemicals, Biorbyt Ltd, The Good Scents Company , Aladdin Scientific, Shanghai Acmec Biochemical Technology Co. Ltd., Molcore
Contents of the report:
1. Executive Summary
2. Coniferyl Alcohol Market Report Structure
3. Coniferyl Alcohol Market Trends And Strategies
4. Coniferyl Alcohol Market - Macro Economic Scenario
5. Coniferyl Alcohol Market Size And Growth
…..
27. Coniferyl Alcohol Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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