Natural Cinnamic Aldehyde finds important applications in the food & beverages, perfume, metal & mining industry. The global Natural Cinnamic Aldehyde market was estimated to be around US$ 927.6 million in 2018, and is expected to register a CAGR of 3.6% over the forecast period (2018–2028).
Factors influencing the global Natural Cinnamic Aldehyde market growth
Increasing demand of food additive paving way for natural cinnamic aldehyde
The availability of cinnamic aldehyde in different product forms, tastes, i.e. plain, flavored, etc. has helped the product to become a universal food additive. Since cinnamic aldehyde is much helpful to health, it is considered as a powerful ingredient for anti-diabetics. The development of natural cinnamic aldehyde as an additive, consumption of which is not limited to particular meal time or consumers, is expected to drive its demand over the coming years.
Rising preferences for green technology
With the growing consumption of organic and herbal products will witness major opportunity for growth of market at globe level during forecast period. Also, stringent regulatory that monitor production sustainability in the globe natural cinnamic aldehyde market.
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Investment in dairy farms led macroeconomic to global market
Manufacturers are found to be investing a large amount of money in dairy farms in order to ensure the steady supply of milk and milk products. Rising demand for the production of milk product across world is due to the concern towards consumption of healthy diet. Cinnamic aldehyde have notable property i.e. antibacterial property, which helpful to control the bacterial growth in milk products.
Global Natural Cinnamic Aldehyde market segmentation and forecast
The global market is segmented on the basis of application, end-use and region. On the basis of application, the global Natural cinnamic aldehyde market is segmented into flavoring agent, perfume additive, antimicrobial agent and others. On the basis of end-use, the global Natural cinnamic aldehyde market is segmented into food & beverages, perfume, agrochemicals, home & personal care, metal & mining and others. Food & beverages is further segmented into bakery & Confectionery, dairy & frozen, others. Key regions covered in the report include North America, Latin America, Europe, SEA & Pacific, China, India, Japan and Middle East and Africa (MEA).
Global Natural Cinnamic Aldehyde market analysis, by region
From a regional perspective, Natural cinnamic aldehyde market in China is projected to witness relatively faster growth rate over the forecast period. The Western Europe Natural cinnamic aldehyde market is estimated to account for a share of around 4.0% of the global market value by 2028 end. The second largest natural cinnamic aldehyde markets by region are North America followed by Western Europe.
The market in South East & Asia is expected to register a CAGR of around 3.6% in terms of value over the forecast period. Natural cinnamic aldehyde market in China is expected to reach US$ 197.8 Mn by the end of 2028. The natural cinnamic aldehyde markets in Middle East & Africa (MEA) is expected to increase at CAGR of around 2.9%, over the forecast period.
Key players dominating the Global Natural Cinnamic Aldehyde Market
Some of the players reported in this study on the global natural cinnamic aldehyde market are Robertet SA, WEN International Inc., Fleurchem, Inc., Sunaux International, Graham Chemical Corporation, Indukern F&F, Aurochemicals, Elan Chemical Company Inc., ERNESTO VENTOS SA, Finoric LLC and among others. Industry players, over the recent past, have been channelizing efforts towards embracing advanced technology to optimize high production.
Manufacturers have been focusing on strategic acquisitions as a part of inorganic growth strategies to rapidly strengthen their relevant business. Moreover, they have been channelizing efforts towards strengthening their production capacity volumes and focusing on specific regions for the same, to cater to regional markets – this is expected to positively impact the market in near future.
- Flavoring agent
- Perfume additive
- Antimicrobial agent
- Food & beverages
- Home & personal care
- Metal & mining
- North America
- Latin America
- Western Europe
- Eastern Europe
- SEA & Pacific
- Middle East and Africa