Global cinnamic
aldehyde market is anticipated to witness exponential growth
in the forecast period. Cinnamic Aldehyde is also termed as “Cinnamaldehyde”,
an organic compound found naturally in the bark of cinnamon trees and other
species of cinnamon such as cassia and camphor. It can be formed naturally by
forming reaction between benzaldehyde such as acetaldehyde and isovanillin.
The factors that propel the growth of the
market include rising demand for nutritious food products between
health-conscious customer, growing demand for organic agricultural activities,
shifting customer preference for organic food constituents, fast-growing food
and beverage industry, and rapidly increasing personal care and cosmetics
industry. On the other hand, there are factors that may hamper the growth of
the market including characteristics of cinnamic aldehyde to cause irritation,
if undiluted. Cinnamic aldehyde market is anticipated to expand at a
significant CAGR in the upcoming period as the scope, product types, and its
applications are increasing across the globe.
The market could be explored by product type,
source, application, end user and geography. Market could be explored by
product type as Flavor Agent, Aroma Agent, and Antimicrobial Agent. The
“Antimicrobial Agent” segment led the market in 2017 and will continue to lead
in the forecast period. The key factor that may be attributed to the growth of
the market includes increasing customer health concerns.
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Based on the source, the market could
span Synthetic and Natural. The “Natural” segment led the market in 2017 and
will continue to lead in the forecast period. The key factors that may be
attributed to the growth of the market includes high accessibility of naturally
sourced products and growing consumer health concern.
The key applications that could be
explored in the market include Odor agent, Flavoring agent, and others. The
market could be explored based on the end user as Food & Beverages,
Household & Personal Care, Agriculture, and Healthcare. Asia-Pacific
accounted for the major share of the cinnamic aldehyde market in 2016 and will
continue to lead in the forecast period. The factors that could be attributed
to the growth include the fast growth of the Asia-Pacific cosmetics market,
increasing appearance consciousness among the young generation, improved demand
of home care and personal products, growing aged population, and surge in the
disposable income of the population in this region. In addition, Asia-Pacific
is followed by North American region owing to the presence of mature and stable
homecare and personal care markets and increased consumption of packaged foods.
Some of the key players that fuel the
growth of the cinnamic aldehyde market comprise LANXESS AG, Mubychem Group,
Emerald Kalama Chemical, LLC, Payan Bertrand S.A, Kao Global Chemicals, Jayshree
Aromatics Pvt. Ltd., ABI Chem, Finoric LLC, Haihang Industry Co. Ltd., and
Yingcheng Wuhan Organic Materials Co., Ltd. The leading companies are taking up
partnerships, mergers and acquisitions, and joint ventures in order to boost
the inorganic growth of the industry.
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