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Cinnamic Aldehyde Market Is Projected to Showcase Significant Growth from Natural Source Segment

Author : Ronak Bora | Published Date : 2019-08-05 

Cinnamic Aldehyde Market size is likely to witness exponential growth in the forecast period. Natural source is anticipated to be valued over USD 1.8 billion by 2024. Natural flavors are derived through abstraction, purification and several biotechnological processes from vegetable, fruit and plants. Rising demand for processed food owing to rising disposable income will significantly drive cinnamic aldehyde market expansion.

With a recorded valuation of USD 1 billion in 2016, the growth curve of global cinnamic aldehyde market is claimed to witness a steady pace of progression over the coming years, courtesy- extensive utilization of flavor and fragrance enhancers in food items. Flavor enhanced confectioneries, chewing gum, candy, and ice cream, in particular, have emerged as the most preferred beverage choices for global consumers. This, in consequence, has created massive growth opportunity for cinnamic aldehyde market, primarily on account of the product’s substantial deployment in food items as a flavoring agent. A report put forth by Medical Safety and Global Health in 2014, claims that almost 180,000 kg of cinnamaldehyde is consumed each year, out of which approximately 141,000 kg is exclusively used as a flavoring agent, i.e. almost 95% of the overall consumption. The fraction, itself gives a clear picture of the growth potential of cinnamic aldehyde market from flavoring applications.

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Testament of the fact is the estimation analyzed by Global Market Insights Inc., which depicts that overall cinnamic aldehyde market share from flavoring agent would exceed a revenue of USD 650 million by 2024. The organic compound, having been already authorized by the international standards like U.S. FDA approval and GRAS status, has further aided cinnamic aldehyde industry penetration across the food and beverage space.

High demand for providing strength to plant root structures will positively support product penetration. As per industry experts, product concentration of 29 ppm kills more than half of aegypti mosquito larvae within a day span. Robust application as effective fumigant for mature mosquitos is further expected to propel cinnamic aldehyde market over the forecast timespan.

Cinnamic Aldehyde Market in Asia Pacific is expected to account over 35% industry share in 2024 due to increasing disposable income amongst middle class families in the region. Rising income and demographic trends prompting inclination towards luxury consumer goods in China, Japan and India will foster product demand. Moreover, development of household and personal care industries will significantly contribute to business growth.

Global cinnamic aldehyde market share includes Bide Pharmatech, Kao Global Chemicals, Indukern F&F, Aurochemicals, LANXESS, Graham Chemical, Vee Kay International, Kalpsutra Chemicals and Emerald Kalama Chemical. Rising competition among existing players and new entrants is anticipated to enhance product development during the forecast timeframe.

Browse key industry insights spread across 300 pages with 252 market data tables & 11 figures & charts from the report, “Cinnamic Aldehyde Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/cinnamic-aldehyde-market

Glimpse of Table of Content (ToC)

Chapter 3. Cinnamic Aldehyde Market Insights

3.1. Cinnamic Aldehyde Market segmentation

3.2. Cinnamic Aldehyde Market landscape, 2013 - 2024

3.3. Cinnamic Aldehyde Market ecosystem analysis

3.3.1.   Raw material suppliers

3.3.2.   Manufacturers

3.3.3.   Distribution channel analysis

3.3.4.   Profit margin trends

3.3.5.   Vendor matrix

3.3.5.1.    Company’s role

3.3.5.2.    Product portfolio

3.3.5.3.    Global presence

3.4. Technology landscape

3.5. Raw material trends

3.5.1.   Cinnamon bark

3.5.2.   Cassia cinnamon

3.5.3.   Others

3.6. Major cinnamon producing countries

3.6.1.   Indonesia

3.6.2.   China

3.6.3.   Vietnam

3.6.4.   Sri Lanka

3.6.5.   Madagascar

3.7. Global cinnamon exports, by country

3.7.1.   Sri Lanka

3.7.2.   Indonesia

3.7.3.   China

3.7.4.   Vietnam

3.7.5.   Netherlands

3.7.6.   U.S.

3.7.7.   India

3.7.8.   Germany

3.7.9.   Others

3.8. Potential customer overview

3.8.1.   Food & beverages companies

3.8.2.   Fragrance companies

3.8.3.   Others

3.9. Regulatory landscape

3.9.1.   U.S.

3.9.2.   Europe

3.9.3.   China

3.9.4.   MEA

3.9.5.   Australia

3.10.   Industry best practices & key buying criteria

3.11.   Pricing analysis, by region

3.11.1.   North America

3.11.2.   Europe

3.11.3.   Asia Pacific

3.11.4.   LATAM

3.11.5.   MEA

3.11.6.   Cost structure analysis

3.12.   Innovation & sustainability

3.12.1.    Potential applications

3.13.   Industry impact forces

3.13.1.   Growth drivers, by region

3.13.1.1.    NA

3.13.1.2.    Europe

3.13.1.3.    APAC

3.13.1.4.    LATAM

3.13.1.5.    MEA

3.13.2.   Industry pitfalls & challenges

3.14.   Global aroma chemicals market overview (Parent market outlook)

3.14.1.   Trends

3.14.2.   Consumer requirements

3.14.3.   Global aroma chemicals market estimates & forecast, 2016 - 2024

3.15.   Growth potential analysis

3.16.      Competitive landscape, 2016

3.16.1.   Market share analysis, 2016

3.16.2. Key stakeholders

3.16.3. Investment trends

3.16.4. R&D trends

3.16.5. Strategy dashboard

3.16.5.1.    Mergers & acquisitions

3.16.5.2.    JV, collaborations & strategic alliances

3.16.5.3.    Expansion strategies adopted by leading players

3.17.   Porter’s analysis

3.18.      PESTEL analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/cinnamic-aldehyde-market

 

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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