The Global Phenylethylamine for Pharmaceuticals Market is projected to grow at a CAGR of 4.2% from USD 516.8 million in 2019 to USD 723.7 million in 2027. The market is primarily driven by the higher consumption of dietary supplements and significant demand for the anti-depressant products that have been going up substantially in recent years. The practice of using phenylethylamine or phenethylamine in the making of chocolates and new product line-ups with mood-wellness products have fueled the market growth. Additionally, anti-inflammatory pain reducing use cases, and anti-epileptic stress reducing formula along with the wide usage in the manufacture of neutraceutical products are some of the trendy propellers for the market, which would actively help this market grow throughout the forecast period.
Phenethylamine chocolate, phenylethylamine supplement, phenethylamine phenylethylamine, phenylethylamine high, 2-phenylethylamine, phenylethylamine powder, and phenylethylamine in chocolate to name a few are the hugely demanding topics and factors the end-users are concerned about and have been influencing the market growth in many ways, have been additionally discussed in details in the report. Leading and growing players in the market that have been investing an extensive amount in the research development in such corresponding factors have observed enormous growth in their business.
Some of the leading players in the global Phenylethylamine for Pharmaceuticals Market:
Purong Essences, Jiaxing Sunlong Industrial Trading, Arora Aromatics Pvt. Ltd., BASF SE, Chemical Point UG, Phoenix Aromas Essential Oils LLC, Robertet Group, Aroma Chemical Services International GmbH, DSM, and Axxence Aromatic GmbH.
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Market Scenario:
The materials and chemicals sector has significantly grown over the recent years and is expected to register robust revenue CAGR over the forecast period. The materials and chemicals sector comprises daily wear products such as detergents, perfumes, soaps, and other raw materials and chemicals used in the manufacturing of other products. There has been a significant increase in the demand for raw materials and chemicals across various industrial sectors such as healthcare and pharmaceuticals, automotive, agriculture, manufacturing, paint, and food and beverages among others. Factors such as increasing awareness about green energy and excess carbon emission, changing consumer preference, growing adoption of biodegradable, sustainable and eco-friendly products, and rapidly expanding industries and building and construction sector are expected to boost global market revenue growth going ahead.
Competitive Landscape:
The report further sheds light on the competitive landscape and provides in depth information about each market player including its global position, product portfolio, financial standing, revenue growth and company overview. The market players are focused on adopting various inorganic and organic growth strategies such as mergers and acquisitions, joint ventures, collaborations, product launches and partnerships to gain a robust footing in the market.
Key questions addressed in the report:
- What is the expected market size of the global Phenylethylamine for Pharmaceuticals Market during the forecast period?
- What CAGR is the global market expected to register during the forecast period?
- Which key factors are expected to boost global market growth between 2021 and 2028?
- What are the key restraints that are expected to hamper global market growth?
- Which regional market is expected to register robust CAGR during the forecast period?
- Which key players are operating the global Phenylethylamine for Pharmaceuticals Market?
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Phenylethylamine for Pharmaceuticals Market Segmentation:
Product Formation Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
- Powder
- Liquid
Grade Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
- Domestic Grade
- Industrial Grade
Sales Channel Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
- Online Retails
- Offline Retails
Applications Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
- Pharmaceuticals
- Nutraceuticals
- Food Beverages
- Chemical Industry
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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