Cinnamic Aldehyde Market Growth Analysis | 2023-2028

Market Insights

The cinnamic aldehyde market was estimated at USD 5.56 billion in 2022 and is likely to grow at a CAGR of 7.24% during 2023-2028 to reach USD 8.46 billion in 2028.

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What is Cinnamic Aldehyde?

Cinnamic aldehyde, naturally present in the bark of camphor, cinnamon, and cassia trees, is used as a flavoring agent in chewing gum, ice cream, candy, e-liquid and beverages.

Market Dynamics

The market growth will be driven by potential applications in the household care, personal care, and agriculture industries. Rising food and beverage industry demand as well as increasing consumer food spending is the key factor driving the product penetration during the forecast period.

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Segment Analysis

By Product Type

The market is segmented into aroma agent, flavor agent, and antimicrobial agent. The flavor agent market is expected to lead during the forecast period and be worth more than USD 650 million by 2024. Product demand will be boosted by extensive flavor consumption in food and beverage applications to improve taste and quality. Also, consumer preference for flavor-enhancing confectionery such as chewing gum, ice cream, and candy will underpin product demand even higher.

By Source Type

The market is segmented into natural and synthetic. Natural sources accounted for more than 80% share of the total cinnamic aldehyde market in 2022, and they are likely to maintain their dominance during the forecast period as well. High demand for organic processed foods and beverages continues to be a key growth driver for the segment’s penetration into the market.

Regional Analysis

Asia-Pacific dominated the market in 2022, and is expected to maintain its incontestable lead during the forecast period as well. Easy and extensive availability of cinnamon is one of the major drivers of growth of the industry in the region’s market. Further, the growth of the market is supported by increased consumption of food & beverages, modification of demographic and income trends, particularly in India, China, Indonesia and Japan, will have positive effects on the product scope. North America and Europe are also expected to offer lucrative growth opportunities over the forecast period.

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Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market. 

The cinnamic aldehyde market is segmented into the following categories:

By Product Type:

• Aroma Agent
• Flavor Agent
• Antimicrobial Agent

By Source Type:

• Natural
• Synthetic

By End-Use Type:

• Household & Personal Care
• Food & Beverages
• Agriculture
• Healthcare

By Region:

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Key Players

Some of the key players in the cinnamic aldehyde market are-

• Elan
• ECSA Chemicals
• Jayshree Aromatics
• M&U International
• Prakash Chemicals International
• Symrise
• Lansdowne Chemicals
• SRS Aromatics
• Taytonn
• Treatt.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.

The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, product portfolio, p.roduct launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Report Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation by any one of the product types by end-use type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.