Coniferyl Alcohol Market Size, Share & Trends Analysis Report By End-use (Pharmaceuticals, Food And Beverages), By application, By Region, And Segment Forecasts, 2023 To 2030

The global coniferyl alcohol market is likely to observe a substantial growth over the projection period on account of the increasing demand for sustainable and eco-friendly products as well as the growing awareness of the negative environmental impacts of conventional materials. As consumers become more environmentally conscious, there is a growing demand for the sustainable materials across a different end-user industries. The coniferyl alcohol offers a renewable and eco-friendly alternative to traditional materials, making it an attractive option for the consumers and the manufacturers alike.

Coniferyl alcohol is regarded as a strong antioxidant and a source of a number of bioactive substances. Moreover, it is commonly employed as a model substance in the chemistry of lignin. Analogously, coniferyl thiol is utilised to investigate the sulphur chemistry of technical lignins. The negative environmental impacts of conventional materials such as plastics, are increasingly well-known. As a result, there is a growing demand for the sustainable alternatives that have a lower environmental impact. Coniferyl alcohol fits this need, as it is biodegradable and can be sourced from renewable plant sources.

Coniferyl alcohol is one of the preferred substrate of the eucalpytus globus enzyme. Also, coniferyl alcohol is used in the production of pulp and paper products, which are in growing demand around the world. As economies continue to develop, the demand for pulp and paper products is expected to increase further driving the demand of coniferyl alcohol.

The coniferyl alcohol is a naturally occurring compound found in a variety of plants, including lignin, a major component of wood. It is commonly used as a precursor in the synthesis of other chemicals and has a range of applications such as pharmaceutical, chemical, cosmetics, food and other applications. In 2021, researchers from the University of British Columbia developed a new method for producing coniferyl alcohol from lignin, which is a renewable and abundant source of raw material. This development could significantly reduce the cost of manufacturing the product, making it more sustainable and cost-effective option for various applications.

The market is segmented based on application, end-use, region. The application segment is divided into fragrance & flavor, pharmaceuticals, polymer materials and others. The end-use segment is divided into food & beverage, cosmetics & personal care, pharmaceuticals, and others. One of the main factors that can restrain the growth of the coniferyl alcohol market is the availability of alternatives raw materials and chemicals. While the product has several end use applications, there are other raw materials and chemicals that can be used as a substitute. For example, vanillin can be produced from other sources such as clove, and synthetic antioxidants, and anti-inflammatory agents are available on the market.

Major industry contributors operating in the industry includes Merck KGaA, TCI Chemicals, Toronto Research Chemicals, Alfa Aesar, Indukern, Carbosynth, Ark Pharm, Enamine. These companies are involved in the manufacturing and distribution of coniferyl alcohol. Sigma-Aldrich a subsidiary of Merck KGaA is a leading supplier of research chemicals, including coniferyl alcohol. The company offers coniferyl alcohol with a purity of 98% and it is available in various quantities for research and development purposes.