The global synthetic cinnamaldehyde market was estimated to reach a valuation of USD 284.2 million in the year 2022. With a CAGR of 6.7% from 2023 to 2033, this market is expected to reach USD 289.2 million by 2023 and USD 556.2 million by 2033.
Increasing uses of synthetic cinnamaldehyde in the flavor and fragrance industries, expanding personal care, home, and food & beverage sectors internationally, and easy access to raw material sources for synthetic cinnamaldehyde are all driving the market expansion for synthetic cinnamaldehyde.
Over the forecast period, increased urbanization and rising consumer disposable income are anticipated to boost the synthetic cinnamaldehyde market. The demand for synthetic cinnamaldehyde is also being driven by a rise in consumer expenditure on personal care products and an expansion of research and development into the benefits of scent.
The global demand for synthetic cinnamaldehyde is also thought to be driven by:
Furthermore, aldehyde and surfactant mixtures, like trans-cinnamaldehyde, are effective at preventing corrosion, especially when there are minerals or any organic acids present. Compared to the corresponding compositions comprising aldehydes alone, these aldehyde and surfactant mix offer higher and more consistent corrosion prevention. As a result, the market for synthetic cinnamaldehyde would develop.
The personal care industry sector is expected to hold the biggest market share by end-user over the forecasted period. The production of scented or flavored goods including refined food, detergents, soaps, and home cleansers increased as a result of the factors that contributed to the expansion in industrialization, increasing the demand for this market sector. The flavoring agent category is expected to have the biggest market share by application type during the coming years. The reasons driving demand for this market segment include the growth in the use of flavors in medicines, the rising popularity of dietary supplements, and the rising need for personal care goods.
In terms of geographical dominance, Asia-Pacific ruled the market in 2022 and is anticipated to continue to have a clear advantage throughout the forecast period. Cinnamon is one of the main factors boosting the industry's growth in the global market due to its wide availability and ease of use. Also, the market is expanding due to rising food and beverage consumption in various APAC countries. Alterations in demographic and income patterns, notably in China, India, Indonesia, and Japan, would benefit the product range. Such rapidly rising demand is expected to open up new avenues from 2023 to 2033.
The leading businesses in the household care sector have a variety of plans in place to grow into and into prospective new markets. Also, businesses are continually cutting expenses to relieve margin pressure and finally lower the cost of finished goods. Nowadays, both personal and household care products are reasonably priced and have a sizable market share. To reach a wider audience, supply chains have also undergone innovation. Those elements have significantly increased demand for synthesized cinnamaldehyde and the same demand is expected during the forecast period too.
| Data Point | Key Statistics |
|---|---|
| Expected Market value in 2023 | USD 289.2 million |
| Expected Market value in 2033 | USD 556.2 million |
| Growth Rate (2023 to 2033) | CAGR of 6.7% |
Cinnamaldehyde is also known as cinnamic aldehyde, cassia aldehyde, and abion cinnamaldehyde. It is a yellow coloured liquid with sweet taste and gives odor similar to that of cinnamon. The chemical formula of Cinnamaldehyde is C9H8O, and its CAS-number is 104-55-2.
While Cinnamaldehyde is found naturally in the cinnamon tree’s bark (and also of other trees such as camphor and cassia), synthetic Cinnamaldehyde is obtained by synthesis of mixture of Benzaldehyde and acetaldehyde, in presence of sodium hydroxide, hydrochloric acid or sodium ethylate under optimum temperature and pressure conditions.
Synthetic Cinnamaldehyde is used in laboratory and industrial manufacturing. Synthetic cinnamaldehyde is toxic in nature it causes skin corrosion, eye irritation, respiratory tract irritation, and also causes hazards for the aquatic environment. Cinnamaldehyde is obtained from cinnamon essential oil. Synthetic cinnamaldehyde is also known as corrosion inhibitor for steel and ferrous alloys in corrosive fluids.
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Growing household, food and beverages and personal care sector around the globe is increasing synthetic Cinnamaldehyde application in fragrances and flavor sectors, which is a key factor responsible for the growth of global market of synthetic Cinnamaldehyde.
Synthetic cinnamaldehyde is used in fragrances and flavor industries for conveying cinnamon flavor to different types of foods, beverages, medical products and perfumes. Synthetic cinnamaldehyde is used in liquor industry for flavoring cordials and liqueurs. Owing to all these applications the global market of synthetic cinnamaldehyde is growing at a decent pace.
Synthetic cinnamaldehyde also has an application as a filtering agent, rubber reinforcing agent, a corrosion inhibitor for sulphuric acid baths to clean galvanized iron and zinc, an attractant for termites, as a component of photographic hardening bleaches, as an emulsion fog inhibitor for photographic 6 films, and in electroplating baths.
Rising demand for all these application areas is projected to drive the growth of global synthetic cinnamaldehyde market over the forecast period. Synthetic cinnamaldehyde acts as an effective pesticide and insecticide, owing to this property of synthetic cinnamaldehyde it has application in agriculture sector too. It’s use as an agrochemical will be a key factor for the growth of global synthetic cinnamaldehyde market during the forecast period.
North America is a key demand market for synthetic cinnamaldehyde, with significant demand from the food and industrial sectors. Also, large number of synthetic cinnamaldehyde manufacturers are based in New Jersey, USA, which makes it a supply hub for synthetic cinnamaldehyde in North America region.
The significant expansion of the food & beverages industry across Asia Pacific region and increasing application of synthetic cinnamaldehyde in food & beverage industries, will drive the regional market of synthetic cinnamaldehyde across the region over the forecast period.
Europe is anticipated to have prominent growth of synthetic cinnamaldehyde market owing to its application in food & beverage sector, however the strict regulatory environment also presents a challenge for the market in this region owing to toxicity concerns.
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Example of some market participant in the global synthetic cinnamaldehyde market across the value chain include are:
The Synthetic Cinnamaldehyde research report presents a comprehensive assessment of the Synthetic Cinnamaldehyde market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The research report on Synthetic Cinnamaldehyde provides analysis and information according to market segments such as geographies, application, and product type.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on Synthetic Cinnamaldehyde market segments and geographies.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Product 6.2. Application 6.3. Synthesis Process 7. Global Market Analysis and Forecast, By Product 7.1. Flavor agent 7.2. Antimicrobial agent 7.3. Aroma agent 7.4. Pesticide & Insecticide 8. Global Market Analysis and Forecast, By Application 8.1. Food & Beverages 8.2. Household & Personal Care 8.3. Agriculture 8.4. Healthcare 8.5. Industrial 9. Global Market Analysis and Forecast, By Synthesis Process 9.1. Oxidation of cinnamyl alcohol 9.2. Condensation of Benzaldehyde and Acetaldehyde in presence of sodium hydroxide 9.3. Hydrolysis of cinnamyl dichloride by cold water 9.4. Condensation of styrene with formylmethylaniline in presence of phosphorus oxychloride 9.5. Treatment of (1-chloroally) benzene with phosphorus pentachloride and conversion of (2, 3, 3-trichloropropyl) benzene to cinnamaldehyde 10. Global Market Analysis and Forecast, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. South Asia 10.5. East Asia 10.6. Oceania 10.7. Middle East and Africa 11. North America Sales Analysis and Forecast, by Key Segments and Countries 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries 13. Europe Sales Analysis and Forecast, by Key Segments and Countries 14. South Asia Sales Analysis and Forecast, by Key Segments and Countries 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries 16. Oceania Sales Analysis and Forecast, by Key Segments and Countries 17. Middle East and Africa Sales Analysis and Forecast, by Key Segments and Countries 18. Sales Forecast by Product, Application, and Synthesis Process for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. Berje Inc. 20.2. NIPA Laboratories Inc. 20.3. Penta Manufacturing Company 20.4. D&O Chemical Inc. 20.5. Givaudan Corporation 20.6. Quest International Fragrances USA Inc 20.7. Chemical Dynamics Corporation 20.8. CHEM-FLEUR Inc. 20.9. Haarmann & Revmer Corporation 20.10. Universal Oil Products Company
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Synthetic Cinnamaldehyde Market
