Global Natural Cinnamic Aldehyde Market: Overview
The global natural cinnamic aldehyde market is estimated to witness rapid growth owing to its use in multiple applications across a wide variety of Industries. Natural cinnamic aldehydes find abundant use in the making of scents and perfumes. The property of high blending with chemicals in perfume making improves penetration of the product. It creates a sweet scent when mixed with volatile chemicals thereby affixing aroma of perfumes.
The global natural cinnamic aldehyde market is poised for high gains over the tenure of assessment, thanks to its role as fragrance and flavor enhancer. Natural cinnamic aldehyde refers to a pale yellow colored organic compound that is widely utilized in liquid form. Also otherwise known as cinnamaldehyde, the product has witnessed a remarkable rise in its increased consumption in the agrochemicals industry.
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Global Natural Cinnamic Aldehyde Market: Notable Developments
The global natural cinnamic aldehyde market has witnessed some significant developments in over the last few years. One such significant development in the global natural cinnamic aldehyde market is mentioned below:
- In 2017, US-based Emerald Performance Materials, a leading marketer and producer of specialty chemicals, successfully completed its project of operational expansion that was valued US$ 40 million. The project was situated at its Netherlands-based site. It is expected that following the completion of this high value project, the capacity and capabilities of the company for the production of natural cinnamic aldehyde products will increase manifolds.
Some of the noted organizations operating in the global natural cinnamic aldehyde market are as mentioned below:
- Hic A&J Pharmtech Co.
- ApexBio Technology
- ChemExper Chemical Directory
- IS Chemical Technology
- Syntree and SigmaAldrich
- Elan Chemical Company Inc.
- Emerald Performance Materials
Global Natural Cinnamic Aldehyde Market: Key Trends
The following drivers, restrains, and opportunities is expected to shape the future course of the global natural cinnamic aldehyde market during the study tenure, from 2019 to 2027.
Growing Uses in Multiple Applications Across Various Industries Boosts Demand
Strong potential of use in a wide variety of products across food and beverages, personal care, and household care industries is estimated to propel the growth of the global natural cinnamic aldehyde market in years to come. The industry demand is likely to be fuelled by the natural presence of genus cinnamomum together with its wide availability. Nearly 90% of the total product market is dominated by cinnamon bark, which is an enriched source of natural cinnamic aldehyde.
Natural cinnamic aldehyde is generally and widely used as a flavor enhancing agent. The demand for the product is primarily impacted by the rapid expansion of the food and beverage industry across several regions. Increased shelf life and convenience of packaged food and beverages have resulted in increased demand for such packaged items, mostly from the working population. As such, the global natural cinnamic aldehyde market is foreseen to observe remarkable gains in years to come. In addition, emergence of various online food delivery services will further offer copious growth opportunities for the market in times to come.
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Fast-paced expansion of the cosmetics & personal care industry coupled with the increased consciousness about one’s looks is likely to drive the growth of the global natural cinnamic aldehyde market. A significant rise in the per capita income of people together with an propensity to spend on cosmetic products are expected to act as growth promoting factors for the market over the period of forecast. Increasing demand for cleansers, detergents, deodorants, and shampoos with various specifications are accelerating the demand for personal care products, which further boosts the market
Demand for organic agricultural products is shooting up the demand for nutrient-rich food products is considerably influencing the growth of the market. In addition, natural cinnamic aldehyde is finding increasing use in the heart diseases treatments and oral care owing to its anti-diabetic and anti-bacterial properties. Such varied uses are likely to facilitate the global natural cinnamic aldehyde market in years to come.
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Global Natural Cinnamic Aldehyde Market: Geographical Analysis
The global natural cinnamic aldehyde market is split into the regions of Asia Pacific, Latin America, North America, Middle East and Africa, and Europe.
North America is likely to account for a dominant share of the global natural cinnamic aldehyde market over the period of assessment. The region has the presence of several leading perfuming making plants, which comprise most of the demand for the product. In addition, a remarkable rise in the expansion of various end use industries is likely to propel growth of the regional market.
Changing demographic patterns and rising income are estimated to add to the growth of the Asia Pacific natural cinnamic aldehyde market. The region has recently witnessed surging demand for luxurious personal care products in countries like India, China, and Japan, which is likely to boost the market in the region.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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