Regionally, Asia is claimed to be an emerging ground for cinnamic aldehyde market progression over the coming years. The reason behind APAC to become the hotspot for market investors is quite obvious- increasing consumer spending on food and beverage items across this belt. The economic boom in Asia Pacific belt has triggered middle-class populace to shore up the disposable income, which by extension enabled them to invest more on luxurious food items.
Increasing product demand in food industry to attain desired flavors and fragrances for several applications will positively influence cinnamic aldehyde market over the forecast timeframe. According to industry analysis, global food flavoring industry is projected to surpass USD 15 billion by 2024.
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Rising concern to decrease blood sugar levels in type II diabetic patients along will support cinnamic aldehyde market growth in healthcare sector. Benefits such as prevention from cancer producing bacteria and permitting anti-cancer activities is a major driving factor supporting product demand.
Rising consciousness regarding skin infection due to undiluted form usage may pose threat for industry growth. Increasing research & development cost for organic products along with fluctuating cinnamon prices are major factors affecting cinnamic aldehyde market price trend.
Flavor agent will register growth over 6.5% in 2016. Increasing product demand for food & beverages application to manufacture better quality products will stimulate cinnamic aldehyde market growth. Changing consumer preference for flavor enhancing confectioneries such as candies, ice creams and chewing gums will fuel demand.
With a recorded valuation of USD 1 billion in 2016, the growth curve of global cinnamic aldehyde market is claimed to witness a steady pace of progression over the coming years, courtesy- extensive utilization of flavor and fragrance enhancers in food items. Flavor enhanced confectioneries, chewing gum, candy, and ice cream, in particular, have emerged as the most preferred beverage choices for global consumers. This, in consequence, has created massive growth opportunity for cinnamic aldehyde market, primarily on account of the product’s substantial deployment in food items as a flavoring agent.
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Powered by presence of both local as well as international players such as Emerald Kalama Chemical, Vee Kay International, Kalpsutra Chemicals, Graham Chemical, and LANXESS, the competitive landscape of the overall cinnamic aldehyde market is claimed to be highly fragmented. These biggies have been increasingly focusing on developing integrated supply chains for an easy procurement of raw materials which would ultimately reduce the overall cost trends.
Major Point From Table Of Content:
Chapter 5. Cinnamic Aldehyde Market, By Source
5.1. Global cinnamic aldehyde market share by source, 2016 & 2024
5.2.1. Market estimates and forecast, 2013 – 2024
5.2.2. Market estimates and forecast, by region, 2013 – 2024
5.3.1. Market estimates and forecast, 2013 – 2024
5.3.2. Market estimates and forecast, by region, 2013 – 2024
Chapter 6. Cinnamic Aldehyde Market, By End-Use
6.1. Global cinnamic aldehyde market share by end-use, 2016 & 2024
6.2. Household & personal care
6.2.1. Market estimates and forecast, 2013 – 2024
6.2.2. Market estimates and forecast, by region, 2013 – 2024
6.3. Food & beverages
6.3.1. Market estimates and forecast, 2013 – 2024
6.3.2. Market estimates and forecast, by region, 2013 – 2024
6.4.1. Market estimates and forecast, 2013 – 2024
6.4.2. Market estimates and forecast, by region, 2013 – 2024
6.5.1. Market estimates and forecast, 2013 – 2024
6.5.2. Market estimates and forecast, by region, 2013 – 2024
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