The synthetic cinnamaldehyde market surged to a value of USD 284.2 million in 2022 and is projected to maintain robust growth, reaching USD 556.2 million by 2033, with an anticipated CAGR of 6.7% from 2023 onwards. This growth is primarily propelled by its widespread application in the flavor and fragrance industries, alongside the expanding personal care, home, and food & beverage sectors globally. The accessibility of raw materials further fuels this expansion.
Urbanization and increasing disposable income are poised to be significant drivers of market growth, fostering greater demand for synthetic cinnamaldehyde. Moreover, heightened consumer spending on personal care products and ongoing research into fragrance benefits contribute to market momentum.
Additionally, the market is buoyed by the effectiveness of aldehyde and surfactant mixtures, particularly trans-cinnamaldehyde, in corrosion prevention, especially in the presence of minerals or organic acids. These mixtures offer superior and more consistent corrosion protection compared to formulations containing aldehydes alone, further bolstering the synthetic cinnamaldehyde market’s prospects.
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Synthetic Cinnamaldehyde Market: Market Dynamics
- The burgeoning household, food and beverage, and personal care sectors worldwide are fueling the increased utilization of synthetic cinnamaldehyde in fragrance and flavor applications, serving as a pivotal driver for the global market’s expansion.
- Synthetic cinnamaldehyde finds extensive use in the fragrance and flavor industries, imparting a distinctive cinnamon essence to various food items, beverages, medicinal products, and perfumes. Notably, it plays a significant role in flavoring liquors such as cordials and liqueurs, contributing to its growing demand across diverse sectors.
- Moreover, synthetic cinnamaldehyde serves various other purposes, including its application as a filtering agent, rubber reinforcement, corrosion inhibitor for sulfuric acid baths used in cleaning galvanized iron and zinc, and even as an attractant for termites. Its versatility extends to photographic applications, where it functions as a component of hardening bleaches and emulsion fog inhibitors for photographic films, as well as in electroplating baths.
- The escalating demand across these multifaceted application areas is poised to propel the global synthetic cinnamaldehyde market forward over the forecast period. Notably, its efficacy as a pesticide and insecticide further expands its utility into the agricultural sector, thus contributing significantly to market growth. This broad spectrum of applications positions synthetic cinnamaldehyde as a key player in various industries, driving its continued expansion in the foreseeable future.
Market outlook
North America stands out as a pivotal demand center for synthetic cinnamaldehyde, driven by substantial needs from both the food and industrial sectors. With a concentration of synthetic cinnamaldehyde manufacturers in New Jersey, USA, the region serves as a key supply hub.
In Asia Pacific, the burgeoning food and beverage industry coupled with increasing adoption of synthetic cinnamaldehyde is set to propel regional market growth significantly.
Europe is poised for notable growth in the synthetic cinnamaldehyde market, primarily fueled by its application in the food and beverage sector. However, stringent regulatory measures pose challenges due to toxicity concerns.
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Top Key Players
- Berje Inc., (New Jersey)
- NIPA Laboratories Inc., (Wellington)
- Penta Manufacturing Company (New Jersey)
- D&O Chemical Inc. (New Jersey)
- Givaudan Corporation, (New Jersey)
- Quest International Fragrances USA Inc (New Jersey)
- Chemical Dynamics Corporation (New Jersey)
- CHEM-FLEUR Inc., (New Jersey)
- Haarmann & Revmer Corporation (New Jersey)
- Universal Oil Products Company (New Jersey)
Synthetic Cinnamaldehyde Market: Market segmentation
Basis of Type of Product:
- Flavor agent
- Antimicrobial agent
- Aroma agent
- Pesticide & Insecticide
Basis of Application:
- Food &beverages
- Household &Personal care
- Agriculture
- Healthcare
- Industrial
Basis of Synthesis Process:
- Oxidation of cinnamyl alcohol
- Condensation of Benzaldehyde and Acetaldehyde in presence of sodium hydroxide
- Hydrolysis of cinnamyl dichloride by cold water
- Condensation of styrene with formylmethylaniline in presence of phosphorus oxychloride
- Treatment of (1-chloroally) benzene with phosphorus pentachloride and conversion of (2, 3, 3-trichloropropyl) benzene to cinnamaldehyde
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