[FURL=https://www.industryarc.com/Report/15551/cinnamic-aldehyde-market.html?utm_source=BriefingWire&utm_medium=PressRelease&utm_campaign=PaidPressRelease]Cinnamic Aldehyde Market[/FURL] size is forecast to reach $2.1 billion by 2026, after growing at a CAGR of 6.5% during 2021-2026. With rise in the consumption of cinnamaldehyde as flavoring in chewing gum, ice cream, candy and others, the demand for cinnamic aldehyde market is expected to grow. Growing public interest towards food and beverages products will further enhance the overall market demand for cinnamic aldehyde during the forecast period.The rapid spread of coronavirus has had a major impact on global markets as, major economies of the world are completely lockdown. Additionally, the market is facing the shutdown of all kinds of International transportation. Whereas, cinnamic aldehyde is used mostly in the items which comes under the essential goods category. So, slowdown in transportation sector and global lockdown has a major impact on the market growth.
Key Takeaways
In 2020, Asia-Pacific dominate d the cinnamic aldehyde market owing to increasing demand from various end use such as food & beverages, Medical and Others.
The increasing demand for beverages like soft drinks, energy drinks, and others are expected to drive the market for cinnamic aldehyde.
The hazardous impact of coumarin will create hurdles for the cinnamic aldehyde market.
Cinnamic Aldehyde Market Segment Analysis - By Geography
APAC dominated the cinnamic aldehyde market with a share of more than 45% in 2020, followed by North America and Europe. China and India are the major players in this region. Whereas, the fast-growing food and beverage and developing personal care and cosmetics industry across the region further drive the market growth. The cinnamic aldehyde is used as the anti-mildew agent and the fresh-keeping agent of the food, and can also change the taste to stimulate consumption
Cinnamic Aldehyde Market Drivers
Growing personal care industry
Cinnamic aldehyde having a floral fragrance and is widely used in perfumes. It is a yellow colored chemical with strong jasmine aroma and is used widely used in manufacturing of personal care products like perfume, deodorants, creams and lotions, talcum powder, and others. Besides, Cinnamic aldehyde can promote blood circulation, warm the skin and tighten skin tissue.
Prevention from Corrosion
Mixtures of aldehydes such as trans-cinnamaldehyde with surfactants are active in preventing corrosion, in particular in the presence of mineral or organic acids. Such aldehyde and surfactant mixtures provide greater and more reliable corrosion inhibition than the respective compositions containing aldehydes alone. Hence this would increase the market growth for cinnamic aldehyde.
Cinnamic Aldehyde Market are LANXESS AG, Emerald Performance Materials, LLC, Aurochemicals, Payan Berthand S.A., Graham Chemical among others.
About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.