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Cinnamic Acid Market

ID: MRFR/CnM/39573-HCR
111 Pages
Chitranshi Jaiswal
October 2025

Cinnamic Acid Market Research Report: By Application (Food Preservative, Flavoring Agent, Fragrance Agent, Pharmaceuticals, Cosmetics), By End Use Industry (Food and Beverages, Personal Care, Pharmaceuticals, Agriculture, Chemical Manufacturing), By Form (Powder, Liquid, Granular), By Source (Natural, Synthetic) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2035

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Cinnamic Acid Market Summary

As per MRFR analysis, the Cinnamic Acid Market Size was estimated at 0.9963 USD Billion in 2024. The Cinnamic Acid industry is projected to grow from 1.023 in 2025 to 1.334 by 2035, exhibiting a compound annual growth rate (CAGR) of 2.69 during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Cinnamic Acid Market is experiencing robust growth driven by diverse applications and increasing consumer preferences for natural ingredients.

  • North America remains the largest market for cinnamic acid, driven by its extensive use in food and beverages.
  • The Asia-Pacific region is emerging as the fastest-growing market, fueled by rising demand in pharmaceuticals and personal care products.
  • The food preservative segment holds the largest share, while the flavoring agent segment is witnessing rapid growth due to evolving consumer tastes.
  • Key market drivers include the increasing applications in the food industry and the rising demand for sustainable and eco-friendly products.

Market Size & Forecast

2024 Market Size 0.9963 (USD Billion)
2035 Market Size 1.334 (USD Billion)
CAGR (2025 - 2035) 2.69%

Major Players

BASF SE (DE), Cargill Inc (US), Hawkins Watts Limited (NZ), SABIC (SA), Solvay SA (BE), Shaanxi Sciphar Hi-Tech Industry Co Ltd (CN), Zhejiang Jianfeng Chemical Co Ltd (CN), Shaanxi Huike Botanical Development Co Ltd (CN)

Cinnamic Acid Market Trends

The Cinnamic Acid Market is currently experiencing a dynamic phase characterized by evolving consumer preferences and increasing applications across various industries. This organic compound, derived from cinnamon, is gaining traction due to its versatility in food, cosmetics, and pharmaceuticals. The growing awareness regarding natural ingredients is driving demand, as consumers increasingly seek products that are perceived as safer and more environmentally friendly. Furthermore, the rise in health consciousness among consumers is likely to bolster the market, as cinnamic acid is recognized for its potential health benefits, including antioxidant and anti-inflammatory properties. In addition to consumer trends, the Cinnamic Acid Market is influenced by advancements in production technologies and sustainable practices. Manufacturers are exploring innovative methods to enhance yield and reduce environmental impact, which may lead to more efficient production processes. The increasing focus on sustainability is prompting companies to adopt eco-friendly practices, aligning with global efforts to minimize carbon footprints. As the market continues to evolve, it appears poised for growth, driven by both consumer demand and technological advancements that could reshape the landscape of cinnamic acid applications.

Rising Demand for Natural Ingredients

There is a noticeable shift towards natural ingredients in various sectors, particularly in food and cosmetics. Consumers are increasingly favoring products that contain organic compounds, which is likely to enhance the appeal of cinnamic acid.

Technological Innovations in Production

Advancements in production techniques are emerging, potentially leading to more efficient and sustainable manufacturing processes. These innovations may help meet the growing demand while minimizing environmental impact.

Health and Wellness Trends

The ongoing focus on health and wellness is influencing consumer choices, with an increasing number of individuals seeking products that offer health benefits. Cinnamic acid's recognized properties may position it favorably in this context.

Cinnamic Acid Market Drivers

Sustainability and Eco-Friendly Trends

The Cinnamic Acid Market is influenced by the rising emphasis on sustainability and eco-friendly practices. As consumers become more aware of environmental issues, there is a growing demand for sustainable ingredients in various industries, including food, pharmaceuticals, and cosmetics. Cinnamic acid, being a naturally derived compound, aligns well with these sustainability trends. Companies are increasingly seeking to replace synthetic additives with natural alternatives, which could lead to a heightened interest in cinnamic acid. This shift towards eco-friendly products is expected to drive market growth, as businesses strive to meet consumer expectations for sustainable sourcing and production methods, thereby enhancing the Cinnamic Acid Market.

Increasing Applications in Food Industry

The Cinnamic Acid Market is experiencing a notable surge in demand due to its increasing applications in the food sector. Cinnamic acid is widely utilized as a flavoring agent and preservative, enhancing the taste and shelf life of various food products. The market for food additives is projected to grow, with estimates suggesting a compound annual growth rate of around 5% over the next few years. This growth is driven by consumer preferences for natural and organic ingredients, which aligns with the properties of cinnamic acid. As food manufacturers seek to improve product quality and safety, the incorporation of cinnamic acid is likely to become more prevalent, thereby bolstering the overall market for cinnamic acid.

Rising Demand in Pharmaceutical Applications

The Cinnamic Acid Market is poised for growth due to the rising demand for cinnamic acid in pharmaceutical applications. Cinnamic acid and its derivatives are recognized for their potential therapeutic properties, including anti-inflammatory and antimicrobial effects. The pharmaceutical sector is increasingly focusing on natural compounds, which may lead to a higher utilization of cinnamic acid in drug formulations. Recent data indicates that The Cinnamic Acid Market is expected to reach approximately 1.5 trillion USD by 2025, with a significant portion of this growth attributed to the incorporation of natural ingredients. This trend suggests that the Cinnamic Acid Market could see a substantial increase in demand as pharmaceutical companies explore innovative formulations.

Growth in Cosmetic and Personal Care Products

The Cinnamic Acid Market is benefiting from the growth in the cosmetic and personal care sector. Cinnamic acid is valued for its antioxidant properties and is increasingly used in skincare products, perfumes, and hair care formulations. The Cinnamic Acid Market is projected to exceed 800 billion USD by 2025, with a growing emphasis on natural and organic ingredients. This shift in consumer preferences is likely to drive the demand for cinnamic acid, as manufacturers seek to formulate products that align with these trends. The incorporation of cinnamic acid in cosmetic formulations not only enhances product efficacy but also appeals to environmentally conscious consumers, thereby supporting the expansion of the Cinnamic Acid Market.

Technological Advancements in Production Processes

The Cinnamic Acid Market is likely to benefit from technological advancements in production processes. Innovations in extraction and synthesis methods are enhancing the efficiency and cost-effectiveness of cinnamic acid production. For instance, biotechnological approaches are being explored to produce cinnamic acid from renewable resources, which could reduce reliance on traditional chemical synthesis. This shift not only lowers production costs but also aligns with the growing demand for sustainable practices. As production becomes more efficient, it is anticipated that the availability of cinnamic acid will increase, potentially leading to lower prices and greater accessibility in various applications. This could further stimulate growth within the Cinnamic Acid Market.

Market Segment Insights

By Application: Food Preservative (Largest) vs. Flavoring Agent (Fastest-Growing)

The Cinnamic Acid Market showcases a diverse application landscape, with food preservatives leading the charge. This segment accounts for a significant portion of the market share, driven by the growing demand for natural preservatives in food products. Following closely are flavoring agents, which are rapidly gaining traction due to their increasing use in both food and beverage sectors. Other applications such as fragrance agents, pharmaceuticals, and cosmetics also contribute to the market but are comparatively smaller in size.

Food Preservative (Dominant) vs. Flavoring Agent (Emerging)

Food preservatives represent the dominant application in the Cinnamic Acid Market, favored for their effectiveness in extending shelf life and enhancing food safety. As consumers increasingly seek natural and clean label ingredients, this segment has seen sustained demand from food manufacturers. Conversely, flavoring agents are emerging as a rapidly growing segment, driven by innovative flavoring solutions and rising consumer interest in unique taste experiences. This shift indicates a dynamic market landscape, where innovation in flavor profiles is influencing purchasing decisions, positioning flavoring agents as a promising area for growth.

By End Use Industry: Food and Beverages (Largest) vs. Pharmaceuticals (Fastest-Growing)

The Cinnamic Acid Market demonstrates a diverse distribution in its end-use segments, with Food and Beverages taking the largest share. This dominance is attributed to the versatile applications of cinnamic acid as a flavoring agent and preservative, catering to a wide range of culinary needs. In contrast, Pharmaceuticals, while currently a smaller segment, is quickly gaining momentum due to increased research and applications in drug formulation, making it the fastest-growing segment in the market.

Food and Beverages (Dominant) vs. Pharmaceuticals (Emerging)

The Food and Beverages sector stands as the dominant player in the Cinnamic Acid Market, leveraging its ability to enhance flavor profiles and maximize shelf life in various food products. It caters to a broad consumer base, capitalizing on trends for natural ingredients. On the other hand, Pharmaceuticals is an emerging sector that is rapidly expanding due to a growing focus on health and wellness. The increasing utilization of cinnamic acid in medicines and therapeutic products indicates a significant shift towards this segment, fueled by heightened consumer awareness and the demand for effective healthcare solutions.

By Form: Powder (Largest) vs. Liquid (Fastest-Growing)

In the Cinnamic Acid Market, the 'Form' segment is primarily dominated by the Powder form, which holds the largest market share due to its versatile applications across various industries including food, pharmaceuticals, and cosmetics. Powder form's stability and ease of transportation make it a preferred choice in formulations. Following closely is the Liquid form, which is gaining traction for its ease of use in specific applications where solubility and bioavailability are critical.

Powder (Dominant) vs. Liquid (Emerging)

The Powder form of cinnamic acid is extensively used for its convenience in formulations and higher concentration levels in products. It caters primarily to industries that require stable and long shelf-life ingredients. On the other hand, the Liquid form is emerging as a significant player driven by trends towards cleaner labels and natural formulations. Its ability to integrate seamlessly in various applications—like flavoring agents in beverages and as a solvent in various chemical processes—gives it a competitive edge. As consumers demand more versatile and effective products, the Liquid form's growth trajectory is poised to rise substantially, showcasing its increasing relevance in the market.

By Source: Natural (Largest) vs. Synthetic (Fastest-Growing)

The Cinnamic Acid Market exhibits a diverse source composition, predominantly featuring Natural and Synthetic variants. The Natural segment holds a significant share, driven by increasing consumer preferences for natural ingredients in food and cosmetics. This segment's appeal is bolstered by a growing trend towards sustainability and health-consciousness, which has made natural sources the preferred choice among manufacturers and consumers alike. Conversely, the Synthetic segment, while currently smaller, is rapidly gaining traction due to advancements in manufacturing technologies and the growing demand for cost-effective alternatives across various applications. This competition between natural and synthetic sources shapes the market dynamics significantly.

Source: Natural (Dominant) vs. Synthetic (Emerging)

The Natural source of cinnamic acid is characterized by its extraction from natural sources like cinnamon bark, which not only appeals to the organic market but also aligns with the growing consumer demand for clean-label products. This segment benefits from a robust market position as consumers increasingly seek out natural ingredients for their perceived health benefits. On the other hand, the Synthetic segment is emerging as a viable alternative due to its potential for scalability and cost-efficiency. As manufacturers focus on innovation and efficiency, synthetic cinnamic acid is becoming an attractive option for industries seeking reliability and performance, especially in cosmetics and food preservation, thereby positioning itself for rapid growth.

Get more detailed insights about Cinnamic Acid Market

Regional Insights

North America : Innovation and Demand Growth

North America is witnessing significant growth in the cinnamic acid market, driven by increasing demand in the food and beverage, cosmetics, and pharmaceutical sectors. The region holds approximately 40% of the global market share, making it the largest market for cinnamic acid. Regulatory support for natural ingredients and sustainability initiatives further catalyze this growth, as consumers increasingly prefer natural over synthetic products. The United States leads the market, with key players like Cargill Inc and BASF SE dominating the landscape. Canada also contributes significantly, focusing on sustainable production methods. The competitive environment is characterized by innovation and strategic partnerships among major companies, enhancing product offerings and market reach.

Europe : Regulatory Support and Innovation

Europe is emerging as a key player in the cinnamic acid market, driven by stringent regulations favoring natural ingredients and sustainability. The region accounts for approximately 30% of the global market share, making it the second-largest market. The European Union's focus on reducing synthetic chemicals in consumer products is a significant catalyst for growth, encouraging manufacturers to innovate and adapt. Germany and France are leading countries in this market, with companies like Solvay SA and BASF SE at the forefront. The competitive landscape is marked by a strong emphasis on research and development, with firms investing in eco-friendly production methods. This focus on sustainability aligns with consumer preferences, further driving market expansion.

Asia-Pacific : Emerging Markets and Growth Potential

Asia-Pacific is rapidly becoming a significant market for cinnamic acid, driven by increasing industrial applications and rising consumer demand for natural products. The region holds about 25% of the global market share, with countries like China and India leading the charge. The growth is supported by favorable government policies promoting the use of bio-based chemicals and natural ingredients in various sectors. China is the largest producer and consumer of cinnamic acid, with companies like Shaanxi Sciphar Hi-Tech Industry Co Ltd and Zhejiang Jianfeng Chemical Co Ltd playing pivotal roles. The competitive landscape is evolving, with local manufacturers focusing on innovation and quality to meet international standards. This dynamic environment presents substantial opportunities for growth and expansion in the region.

Middle East and Africa : Resource-Rich and Emerging Markets

The Middle East and Africa region is gradually emerging in the cinnamic acid market, driven by increasing industrialization and a growing demand for natural ingredients. The region currently holds about 5% of the global market share, with potential for significant growth as local industries expand. Regulatory frameworks are evolving to support the use of bio-based chemicals, which is expected to boost market dynamics in the coming years. Countries like South Africa and Saudi Arabia are key players in this market, with local companies beginning to invest in the production of cinnamic acid. The competitive landscape is characterized by a mix of local and international players, with a focus on establishing sustainable practices. As the market matures, opportunities for collaboration and investment are likely to increase, enhancing the region's market presence.

Cinnamic Acid Market Regional Image

Key Players and Competitive Insights

The Cinnamic Acid Market is currently characterized by a dynamic competitive landscape, driven by increasing demand across various sectors, including food, pharmaceuticals, and cosmetics. Key players such as BASF SE (Germany), Cargill Inc (United States), and Solvay SA (Belgium) are strategically positioned to leverage their extensive research and development capabilities, focusing on innovation and sustainability. These companies are not only enhancing their product offerings but are also exploring mergers and acquisitions to consolidate their market presence. The collective strategies of these firms contribute to a moderately fragmented market structure, where competition is intensifying as companies seek to differentiate themselves through technological advancements and sustainable practices.

In terms of business tactics, companies are increasingly localizing manufacturing to reduce lead times and optimize supply chains. This approach appears to be a response to the growing need for efficiency and responsiveness in the market. The competitive structure of the Cinnamic Acid Market is moderately fragmented, with several key players exerting influence over pricing and product availability. The interplay between these companies shapes the market dynamics, as they navigate challenges and opportunities in a rapidly evolving landscape.

In August 2025, BASF SE (Germany) announced the launch of a new line of bio-based cinnamic acid derivatives aimed at enhancing sustainability in the food industry. This strategic move underscores BASF's commitment to innovation and environmental responsibility, positioning the company as a leader in sustainable chemical solutions. The introduction of these products is likely to attract environmentally conscious consumers and businesses, thereby expanding BASF's market share in the Cinnamic Acid sector.

In July 2025, Cargill Inc (United States) expanded its production capacity for cinnamic acid derivatives in response to rising global demand. This expansion not only reflects Cargill's proactive approach to market trends but also enhances its ability to serve diverse industries, from food to personal care. By increasing production capabilities, Cargill is poised to strengthen its competitive edge and meet the growing needs of its customers, potentially leading to increased revenue streams.

In September 2025, Solvay SA (Belgium) entered into a strategic partnership with a leading biotechnology firm to develop innovative applications for cinnamic acid in the pharmaceutical sector. This collaboration is indicative of Solvay's focus on leveraging external expertise to drive product development and expand its market reach. The partnership may facilitate the introduction of novel solutions that cater to the evolving needs of the pharmaceutical industry, thereby enhancing Solvay's competitive positioning.

As of October 2025, the Cinnamic Acid Market is witnessing trends that emphasize digitalization, sustainability, and the integration of artificial intelligence in production processes. Strategic alliances are increasingly shaping the competitive landscape, enabling companies to pool resources and expertise for enhanced innovation. Looking ahead, it is anticipated that competitive differentiation will evolve, shifting from traditional price-based competition to a focus on innovation, technological advancements, and supply chain reliability. This transition may redefine how companies engage with their customers and position themselves in the market.

Key Companies in the Cinnamic Acid Market market include

Industry Developments

Recent developments in the  Cinnamic Acid Market have highlighted active engagement among key players such as Hubei Greenhome Fine Chemical, Brother Enterprises, and FMC Corporation as they expand their production capabilities to meet rising demand in various applications, including food, fragrances, and pharmaceuticals. Sanjay Group and Solvay have reported advancements in their respective product offerings, enhancing their competitiveness in the market. Wuxi Sainuo Chemical Technology and Jiangxi Dede Chemical have been focusing on innovation in synthesis methods, contributing to cost-effective production.

In terms of mergers and acquisitions, there have been no recent publicly reported transactions involving companies specifically within the  Cinnamic Acid Market that include the named companies like BASF or Kraton Corporation, which suggests a focus on organic growth rather than consolidation at this time. Market valuations for companies such as Eastman Chemical Company and Yancheng Yinghua Fine Chemical have been increasing due to heightened demand for natural flavoring agents and preservatives, which bolster their market presence and shareholder value.

This environment indicates a positive outlook for the  cinnamon extract segment and emphasizes the strategic importance of Cinnamic Acid Market within the broader chemical industry.

Future Outlook

Cinnamic Acid Market Future Outlook

The Cinnamic Acid Market is projected to grow at a 2.69% CAGR from 2024 to 2035, driven by increasing demand in food, cosmetics, and pharmaceuticals.

New opportunities lie in:

  • Expansion into bio-based cinnamic acid production methods.
  • Development of innovative flavoring agents for the food industry.
  • Strategic partnerships with cosmetic brands for sustainable sourcing.

By 2035, the Cinnamic Acid Market is expected to solidify its position as a key player in various industries.

Market Segmentation

Cinnamic Acid Market Form Outlook

  • Powder
  • Liquid
  • Granular

Cinnamic Acid Market Source Outlook

  • Natural
  • Synthetic

Cinnamic Acid Market Application Outlook

  • Food Preservative
  • Flavoring Agent
  • Fragrance Agent
  • Pharmaceuticals
  • Cosmetics

Cinnamic Acid Market End Use Industry Outlook

  • Food and Beverages
  • Personal Care
  • Pharmaceuticals
  • Agriculture
  • Chemical Manufacturing

Report Scope

MARKET SIZE 20240.9963(USD Billion)
MARKET SIZE 20251.023(USD Billion)
MARKET SIZE 20351.334(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)2.69% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Billion
Key Companies ProfiledMarket analysis in progress
Segments CoveredMarket segmentation analysis in progress
Key Market OpportunitiesGrowing demand for natural preservatives in food and cosmetics drives Cinnamic Acid Market expansion.
Key Market DynamicsRising demand for natural flavoring agents drives growth in the Cinnamic Acid market amid evolving consumer preferences.
Countries CoveredNorth America, Europe, APAC, South America, MEA

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FAQs

What is the projected market valuation of the Cinnamic Acid Market by 2035?

The projected market valuation of the Cinnamic Acid Market is 1.334 USD Billion by 2035.

What was the overall market valuation of the Cinnamic Acid Market in 2024?

The overall market valuation of the Cinnamic Acid Market was 0.9963 USD Billion in 2024.

What is the expected CAGR for the Cinnamic Acid Market during the forecast period 2025 - 2035?

The expected CAGR for the Cinnamic Acid Market during the forecast period 2025 - 2035 is 2.69%.

Which companies are considered key players in the Cinnamic Acid Market?

Key players in the Cinnamic Acid Market include BASF SE, Cargill Inc, Hawkins Watts Limited, SABIC, Solvay SA, Shaanxi Sciphar Hi-Tech Industry Co Ltd, Zhejiang Jianfeng Chemical Co Ltd, and Shaanxi Huike Botanical Development Co Ltd.

What are the main applications of Cinnamic Acid and their market valuations?

Main applications of Cinnamic Acid include Food Preservative (0.34 USD Billion), Flavoring Agent (0.27 USD Billion), Fragrance Agent (0.20 USD Billion), Pharmaceuticals (0.40 USD Billion), and Cosmetics (0.08 USD Billion).

How does the Cinnamic Acid market perform in the Food and Beverages sector?

In the Food and Beverages sector, the Cinnamic Acid market valuation ranges from 0.3982 to 0.5328 USD Billion.

What is the market valuation for the Personal Care segment of Cinnamic Acid?

The market valuation for the Personal Care segment of Cinnamic Acid is projected between 0.1991 and 0.2664 USD Billion.

What forms of Cinnamic Acid are available and their respective market valuations?

Available forms of Cinnamic Acid include Powder (0.5328 USD Billion), Liquid (0.3985 USD Billion), and Granular (0.4027 USD Billion).

What is the market valuation for Natural versus Synthetic Cinnamic Acid?

The market valuation for Natural Cinnamic Acid is projected between 0.4981 and 0.6672 USD Billion, while Synthetic Cinnamic Acid ranges from 0.4982 to 0.6668 USD Billion.

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