Cinnamic Aldehyde Market Size was valued at USD 5.9 Billion in 2022. The Cinnamic Aldehyde Market industry is projected to grow from USD 6.2 Billion in 2023 to USD 9.3 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.20% during the forecast period (2023 - 2032). Corrosion prevention and the growing personal care business are the key market drivers enhancing the market growth.
          
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Market CAGR for cinnamic aldehyde is being driven by the growing personal care industry. Cinnamic aldehyde has a floral scent and is commonly used in perfumes. It is a yellow chemical with a strong jasmine odour that is frequently used in the production of personal care goods such as perfume, deodorants, creams and lotions, talcum powder, and others. The cinnamic aldehyde can also increase blood circulation, warm the skin, and tighten skin tissue. It is frequently found in massage oils and beauty items. Cinnamic aldehyde, on the other hand, can be utilized not only to modify flavour but also to sterilize and deodorize the mouth. It is commonly found in toothpaste, chewing gum, breath fresheners, and other oral care products. The use of cinnamic aldehyde in gum can both disinfect and deodorize the mouth. Thus, rising demand for personal care products, a growing population, and changing lifestyles are fuelling demand for Cinnamic aldehyde.
Another driving factor is the growing use of cinnamic aldehyde in the pharmaceutical business. Cinnamon aldehyde has a number of therapeutic benefits, including anti-inflammatory, anti-cancer, and anti-diabetic characteristics. It is also used to treat respiratory infections and to reduce body inflammation.
For instance, Cinnamic aldehyde has been shown to be useful in the treatment of lung cancer. Cinnamic aldehyde was discovered to suppress the growth of lung cancer cells in a study published in the Journal of Agricultural and Food Chemistry. Cinnamic aldehyde, on the other hand, has been shown to be useful in alleviating inflammation in the body. Cinnamic aldehyde was discovered to reduce inflammation in the body by reducing the generation of inflammatory cytokines in a study published in the Journal of Medicinal Food.
The pharmaceutical industry's need for a cinnamic aldehyde is likely to rise in the future years as people become more aware of its medical qualities. The worldwide pharmaceutical market, for example, was valued at $1.2 trillion in 2020 and is predicted to reach $1.5 trillion by 2023, rising at a CAGR of 6.4% from 2020 to 2023. This expansion in the pharmaceutical business is likely to increase demand for cinnamic aldehyde, a major component in many of these medications.
Aldehyde-surfactant mixtures, such as trans-cinnamaldehyde, are effective at preventing corrosion, especially in the presence of mineral or organic acids. Such aldehyde and surfactant mixes provide higher and more consistent corrosion prevention than aldehyde-only compositions. As a result, the demand for cinnamic aldehyde would develop.
The Cinnamic Aldehyde Market segmentation, based on Nature includes Nature and Synthetic. The natural category accounted for more than 80% of the entire cinnamic aldehyde market in 2022, and they are expected to maintain their dominance during the forecast period as well. The high demand for organic processed foods and drinks is a key growth factor for the segment's penetration.
Figure1: Cinnamic Aldehyde Market, by Application, 2022&2032 (USD Billion)
         
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The Cinnamic Aldehyde Market segmentation, based on Application, includes Fragrance, Flavor, Insecticides, Household, and Animal Feed. The flavour category market is predicted to be the market leader. Extensive flavour consumption in food and beverage applications to increase taste and quality will drive product demand. Furthermore, consumer predilection for flavour-enhancing confectionaries such as chewing gum, ice cream, and candy will drive up product demand.
The Cinnamic Aldehyde Market segmentation, based on end-use, includes Food & Beverages, Cosmetics & Personal Care, and Healthcare. In 2022, the food & beverage category held the greatest share of the Cinnamic Aldehyde Market. The cinnamic aldehyde can be used in the food industry to create fruit essences such as apple and cherry essences, which can be utilized in candy, ice cream, beverages, gum, cake, and tobacco. Cinnamic aldehyde is non-toxic or low-toxic to the human body when used as a food mildew inhibitor. It has a severe inhibitory effect on microorganism reproduction. Under acidic or alkaline circumstances, cinnamic aldehyde has a high antibacterial and disinfectant activity. Furthermore, rising health concerns and the need for healthy food products boost the growth of this market.
Cinnamic Aldehyde Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American Cinnamic Aldehyde Market area will dominate this market, due to rising demand for aromatic compounds generated from cinnamic aldehydes, such as cinnamyl alcohol, which will move the industry forward.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure2: CINNAMIC ALDEHYDE MARKET SHARE BY REGION 2022 (USD Billion)
          
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
EuropeCinnamic Aldehyde Market accounts for the second-largest market share due to increased consumer interest for natural ingredients in culinary goods. Further, the German Cinnamic Aldehyde Market held the largest market share, and the UK Cinnamic Aldehyde Market was the fastest-growing market in the European region
The Asia-Pacific Cinnamic Aldehyde Marketa s expected to grow at the fastest CAGR from 2023 to 2032. This is due to a growing demand for natural ingredients in the food and beverage industries, as well as the increased use of cinnamic aldehyde in the pharmaceutical business.  Moreover, China’s Cinnamic Aldehyde Market held the largest market share, and the Indian Cinnamic Aldehyde Market was the fastest-growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Cinnamic Aldehyde Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Cinnamic Aldehyde industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the  Cinnamic Aldehyde industry to benefit clients and increase the market sector. In recent years, the Cinnamic Aldehyde industry has offered some of the most significant advantages to medicine. Major players in the Cinnamic Aldehyde Market, including Muby Chemicals (India), Payan Bertrand S.A. (France), Yingcheng Wuhan Organic Material Co., Ltd (China), Graham Chemical (U.S.), and Merck KGaA, Sigma-Aldrich (Germany) and others, are attempting to increase market demand by investing in research and development operations.
Kao Corporation is a Japanese chemical and cosmetics corporation located in Nihonbashi-Kayabacho, Ch, Tokyo. Tomiro Nagase founded Kao in 1887 as a maker of household toiletry soap. They were known as Kao Soap Company until 1954, and then as Kao Corporation until 1985. Kao Corporation was ranked fourth out of 42 companies in the Corporate Knights Industry Group's Personal Care and Cleaning Products category in 2020, recognized for its excellence in innovation capacity, employee retention, and clean revenue, or revenue from all goods and services with clear environmental benefits. In 2020, Kao Corporation introduced the "Sofina Jenne" hair care range, which contains cinnamic aldehyde. The products are intended to shield hair from UV damage while also improving hair health.
Sigma-Aldrich is a chemical, life science, and Biotechnology Corporation based in the United States that is owned by the international chemical conglomerate Merck Group. Sigma-Aldrich was formed through the merging of Sigma Chemical Company and Aldrich Chemical Company in 1975. It expanded through acquisitions to nearly 9,600 people and was listed on the Fortune 1000. The company's headquarters are in St. Louis, and it operates in about 40 countries. When Sigma Chemical Company of St. Louis and Aldrich Chemical Company of Milwaukee combined in August 1975, they were both American speciality chemical firms. Throughout the 1980s and 1990s, the corporation expanded significantly in terms of facilities, acquisitions, and diversification into new market sectors. In 2019, Sigma-Aldrich Corporation has introduced a new line of cinnamic aldehyde products aimed at the pharmaceutical market. The goods are intended to address the increasing demand for cinnamic aldehyde in the pharmaceutical industry, which is likely to drive market expansion in the future years.
In April 2019, Lanxess AG agreed to acquire Chemtura Corporation, a speciality chemicals company based in the United States. Chemtura is a leading supplier of high-quality flame retardant and lubricant additives.
July 2021, International Flavours & Fragrances (IFF) has finalized its purchase of DuPont's Nutrition & Biosciences (N&B) division. The acquisition will help IFF improve its position in the natural ingredients industry, particularly for cinnamic aldehyde, which is a crucial element in several of their products.
| Report Attribute/Metric | Details |
| Market Size2022 | USD 5.9Billion |
| Market Size 2023 | USD 6.2Billion |
| Market Size2032 | USD 9.3 Billion |
| Compound Annual Growth Rate (CAGR) | 5.20% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Nature, Application, End-Use and Region |
| Geographies Covered | North America, Europe, AsiaPacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Emerald Performance Materials (U.S.), Finoric (U.S.), Jayshree Aromatics Pvt Ltd (India), Kao Corporation (U.S.), LANXESS (Germany), Muby Chemicals (India), Payan Bertrand S.A. (France), Yingcheng Wuhan Organic Material Co., Ltd (China), Graham Chemical (U.S.), and Merck KGaA , Sigma-Aldrich (Germany). |
| Key Market Opportunities | The industry is being influenced by rising demand for organic farming activities as well as rising demand for nutritious food goods among health-conscious consumers. |
| Key Market Dynamics | Rapidly expanding cosmetics & personal care industry with growing appearance consciousness among the consumers coupled with rising per capita disposable income is driving the cinnamic aldehyde growth |
Frequently Asked Questions (FAQ) :
The Cinnamic Aldehyde Market size was valued at USD 5.9 billion in 2022.
The market is projected to grow at a CAGR of 5.20% during the forecast period, 2023-2032.
North America had the largest share in the Cinnamic Aldehyde Market
The key players in the market are Muby Chemicals (India), Payan Bertrand S.A. (France), Yingcheng Wuhan Organic Material Co., Ltd (China), Graham Chemical (U.S.), and Merck KGaA, Sigma-Aldrich (Germany).
The Natural category dominated the market in Cinnamic Aldehyde Market in 2022.
Food & Beverage had the largest share in the Cinnamic Aldehyde Market
Team Lead - Research Anshula mandaokar holds an academic degree in chemical engineering and has been contributing to the field for more than 5 years. she has expertise in market research and business consulting and serves as a team lead for a reputed market research firm under the chemicals and materials domain spectrum. she has worked on multiple projects, generating explicit results in a quick turnaround time. her understanding of data interpretation justifies her role as a leader.
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