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Global Cinnamic Aldehyde Market Insight January 5, 2022 Comments

Global Cinnamic Aldehyde market has growing trends in the past years and expected to grow at a CAGR of 5.5% during the forecast period. According to the World Knowledge Information (WKI) Global Cinnamic Aldehyde Professional Survey Report 2021, Forecast to 2026, during the forecast period, the growing public interest in food and beverage products will further increase the overall market demand for cinnamaldehyde.

“Due to the large number of market participants, the global cinnamaldehyde market share is highly fragmented. Increasing competition between new entrants and existing participants is expected to promote the development of new products. To capture a larger share of the market, manufacturers have to adopt a variety of strategic methods, including mergers and acquisitions, partnerships, and supply agreements, to expand their customer base.” said Linda, a senior analyst at the WKI Chemical and Materials Market Research Center.

Market insight:
Cinnamaldehyde is famous for its flavor and aroma. The growing global personal care, household and food and beverage industries, increasing the application of cinnamaldehyde in the fragrance and fragrance industries, and the easy access to the source of the raw material cinnamaldehyde are factors driving the development of the cinnamaldehyde market. It is estimated that the development of new flavors with improved flavors and greater emphasis on the unique flavors of processed foods will promote the development of the global flavor market, which in turn is expected to promote the development of the cinnamaldehyde market in the near future.

The high R&D expenditures related to organic products and the volatility of cinnamon prices are the key factors affecting the market price trend of cinnamaldehyde. In addition, if cinnamaldehyde is used undiluted, increasing health problems, including skin irritation, are a major constraint on the growth of the industry.

Competition Landscape:
Some of the key market players in global Cinnamic Aldehyde market are Sigma-Aldrich, LANXESS AG, Emerald Performance Materials, LLC, Payan Berthand S.A., Graham Chemical, among others.

Segmentation of Cinnamic Aldehyde Market:
According to the source type, the cinnamaldehyde market is divided into natural and synthetic, with natural sources occupying the main market. Strong demand for organic processed foods and beverages remains a key growth factor in the penetration of this segment. Natural flavors are obtained through extraction, distillation and other biotechnological processes from plants, vegetables, fruits and various natural resources. In addition, the increase in consumer health issues and the high availability of natural source products will actively promote business growth.
Depending on the end use, cinnamaldehyde is widely used in flavors. Cinnamaldehyde, also known as phenylallyl aldehyde, has a strong special odor and burnt aroma of cinnamon oil. Cinnamaldehyde has a good fragrance preservation effect, and is used as a raw material when adding fragrance to make the aroma of the main spices stronger. Due to its good fragrance characteristics, cinnamaldehyde is widely used in soaps, washing powders and shampoos. In addition, the increase in consumer interest and spending on personal hygiene and beauty is expected to drive the scale of the cinnamaldehyde market.

Cinnamic Aldehyde Market: Regional Analysis
In terms of regions, the Asia-Pacific region is expected to maintain its leading position during the forecast period. Increased consumer spending on food and beverages and an increase in the number of manufacturing facilities will support regional demand. Changing demographics and income trends trigger a preference for luxury consumer goods, especially in India, China, Indonesia and Japan, which will have a positive impact on the product range. In addition, the expansion of the home care and personal care industries will greatly promote the growth of the cinnamaldehyde market.

Cagr: 5.5%
Largest share area:Asia-Pacific
Largest share country:China