Cinnamaldehyde Market Outlook, Geographical Segmentation, Industry Size & Share Forecast to 2023

The growth of the cinnamaldehyde market is mainly driven by the growing applications of cinnamaldehyde in the flavor, and fragrance industries. Homecare and personal care products witnessed a high penetration rate in emerging economies owing to the availability of better market and distribution channels, which further creates opportunities for the key players in the cinnamaldehyde market.

On the basis of source, the cinnamaldehyde market has been segmented into synthetic and natural, where the synthetic source held a larger share of the market in terms of volume in 2016. However, in the same year, natural source held the larger market share in terms of value.

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Asia-Pacific held the largest share of the cinnamaldehyde market, in terms of both revenue and volume, in 2016. Cinnamaldehyde is used in the region by various industries such as homecare, personal care, food & beverages, and others. The region is home to almost 3 billion customers of homecare, and personal care industries.

Through the synthetic process, this chemical can be obtained by aldol condensation of benzaldehyde and acetaldehyde or from cinnamyl alcohol. The main derivative of cinnamaldehyde, which is mostly used commercially, includes dihydrocinnamyl, cinnamyl alcohol, and dihydrocinnamaldehyde.

North America held the second largest share of the cinnamaldehyde market in 2016. The major growth driver for the market is the presence of mature and stable personal care, and homecare markets.

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 Some of the key players operating in the cinnamaldehyde industry are Mubychem Group, Lanxess AG, Payan Berthand S.A, Emerald Kalama Chemical, LLC, Jayshree Aromatics Pvt. Ltd., Kao Global Chemicals, Finoric LLC, ABI Chem, Yingcheng Wuhan Organic Materials Co., Ltd., and Haihang Industry Co. Ltd.

GLOBAL CINNAMALDEHYDE MARKET SEGMENTATION

By Source

• Synthetic
• Natural

By Application

• Flavoring agent
• Odor agent
• Others

By Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • The U.K.
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Rest of Asia-Pacific
• Rest of the World
  • Brazil
  • South Africa
  • Mexico
  • Rest of RoW