Cinnamic Aldehyde Market

Cinnamic Aldehyde Market Overview

Global Cinnamic Aldehyde demand is anticipated to be valued at US$ 5.3 Billion in 2022, forecast to grow at a CAGR of 5.2%to be valued at US$ 8.8 Billion from 2022 to 2032. Increasing investments in the FMCG business are predicted to drive industry demand due to its great potential.

Cinnamic aldehyde, commonly known as Cinnamaldehyde, is an organic chemical that occurs naturally in the genus Cinnamomum as a pale yellow liquid. It has the chemical formula C9H8O and a phenyl group linked to an unsaturated aldehyde. Cinnamon bark contains 90 percent cinnamic aldehyde. Cinnamic aldehyde was extracted from cinnamon oil for the first time in 1834, and the molecule is a derivative of acrolein, the most basic unsaturated aldehyde. It is created by steam distilling cinnamon essential oil. It may also be produced by the aldol condensation of benzaldehyde and acetaldehyde, or with the use of cinnamyl alcohol. Commercially, cinnamic aldehyde derivatives such as dihydrocinnamyl, cinnamyl alcohol, and dihydrocinnamaldehyde are employed.

Which are Some Prominent Drivers Spearheading Cinnamic Aldehyde Market Growth?

The flavor and aroma of cinnamic aldehyde are well recognized. Because of its low toxicity, cinnamic aldehyde is widely used in food, drinks, fragrances, agrochemicals, and surfactants. For a 70 kg individual, the potential toxicity is 0.5 to 5g/kg. Cinnamic aldehyde mixes well with other volatile compounds and assists in aroma fixing in fragrances. This scent is utilized in the personal care and domestic care industries. The worldwide household care sector has grown rapidly in both established and emerging nations.

The leading competitors in the household care business have a number of strategies in place to enter and develop in prospective new markets. Furthermore, corporations are always decreasing expenses in order to relieve margin pressure and, eventually, lower end-product pricing. Currently, household and personal care goods are reasonably priced and have taken a sizable portion of the market. Additionally, supply chain innovation has occurred in order to reach the masses.

What are the Challenges Faced by the Cinnamic Aldehyde Industry?

The tendency of cinnamic aldehyde to induce discomfort if undiluted is a constraint in the cinnamic aldehyde market.

Why is Asia-Pacific emerging as an Opportunistic Cinnamic Aldehyde Market?

Asia Pacific is expected to lead the industry, accounting for more than 40% of the total. Cinnamon's easy and abundant availability is a primary driver of business expansion. Rising consumer expenditure on food and drinks, along with an increase in the number of industrial facilities, will sustain regional demand.

Changing demographics and income trends causing a preference for lavish consumer products, notably in India, China, Indonesia, and Japan, will have a beneficial influence on product scope. Furthermore, the expansion of the household care and personal care industries will significantly contribute to the growth of the cinnamic aldehyde market.

Nikhil Kaitwade

Principal Consultant

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How is North America Contributing to Growth of the Cinnamic Aldehyde Market?

According to Future Market Insights, Gains of more than 6% are expected in North America during the forecast period (2022-2032). The presence of well-established pharmaceutical enterprises, as well as a strong degree of R&D activity, is essential elements fueling market demand. Another element fueling business progress is the growing number of perfume manufacturing facilities in the region.

Market Competition

Some of the key participants present in the global Cinnamic Aldehyde market include IS Chemical Technology, Labseeker, ABI Chem, Ark Pharma Inc, ApexBio Technology, Timtec, A&J Pharmtech Co. Ltd., Day Biochem, ChemExper Chemical Directory, Sigma-Aldrich, Syntree, Bide Pharmatech among others.

Attributed to the presence of such high number of participants, the market is highly competitive.

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Scope Of Report

Key Segments Profiled in the Cinnamic Aldehyde Industry Survey

Application:

• Flavoring Agent
• Odor Agent
• Others

End Use:

• Household Care Industry
• Personal Care Industry
• Food And Beverages
• Others

Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Latin America
• Middle East and Africa