Cinnamicaldehyde (CA) is a specific type of natural organic compound, mainly found in the bark of cinnamon trees and other types of cinnamon species including camphor and cassia. It is generally produced naturally by forming the reaction between benzaldehyde for instance acetaldehyde and isovanillin. It is primarily used as flavor & fragrance agent in the food & beverage and cosmetics & personal care industries. As a flavoring agent, it is usually preferred in households. The demand for products is largely influenced by rapid growth of the food & beverage sector. Additionally, due to convenience and long shelf-life, rising demand for packaged food & beverages from the working population is boosting the growth of market. Moreover, growth in demand for organic agricultural operations among the health-conscious consumers with rising demand for nutritious food products also influences the market growth.
Referring to the study, “Global Cinnamaldehyde (CA) Market, 2021-2027” some of the key companies that are presently operating in the global Cinnamaldehyde market include Hunan Hongrun Chemical Technology Co., Ltd., Shanghai Huasheng Aromatic Chemical Co., Ltd., Lanxess AG, Emerald Kalama Chemical Limited, Symrise AG, Hunan Hongrun Chemical Technology Co., Ltd., Yingcheng Wuhan Organic Material Co., Ltd. (YWOMC) and among others. Integrated supply chains are mainly adopted by key manufacturers to facilitate the raw material procurement as well as reduce overall costs. The expansion of the product portfolio, merger & acquisition and supply contracts & long-term contracts are few of the top strategies of the industry participants.
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Growth in food & beverages, followed by rise in demand for personal care products, increase in applications of cinnamaldehyde in the flavor & fragrance industries, rise in disposable income and growth in urbanization are some major factors, which are responsible for growth of the Cinnamaldehyde market. Apart from this, it can cause skin irritation in humans, which is a key restrain factor for market. Moreover, rise in Utilization of Cinnamic Aldehyde in Agriculture due to its anti-fungal characteristics is a leading opportunity for global market. Furthermore, increase in usage of cinnamic aldehyde in producing nutraceutical products is a key trend for global market.
Based on regional analysis, the Asia-Pacific is a leading region in ‘Global Cinnamaldehyde (CA) Market’ owing to rise in demand for nutrition-rich beverages for improved health, presence of mature & stable personal care and homecare markets along with increase in influence of western eating habits across the region. The North-America and Europe regions are anticipated to witness higher growth rate due to rise in demand for the packaged food & beverages coupled with growth in spending on the healthcare industry over the forecast period. Moreover, increase in import of Cinnamaldehyde in Middle East & Africa and Latin America because of its exceptional flavoring properties is estimated to boost its demand in both regions. It is projected that future of the global Cinnamaldehyde market will be bright on account of increase in spending power of consumers and rise in research & development activities about benefits associated with the fragrance during the forecast period.
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Ankur Gupta, Head Marketing & Communications