Cinnamic Aldehyde Market size was estimated at USD 6.8 billion in 2024 and is expected to surpass USD 15.3 billion by the end of 2037, rising at a CAGR of 6.5% during the forecast period, i.e., 2025-2037. In 2025, the industry size of cinnamic aldehyde is assessed at USD 7.2 billion.
The global cinnamic aldehyde market is driven by its expanding applications in the pharmaceutical industry. Among the many medicinal advantages of cinnamon aldehyde are its anti-inflammatory, anti-cancer, and anti-diabetic properties. Additionally, it is utilized to lessen inflammation in the body and treat respiratory infections. In 2021, there were 12·8 billion new upper respiratory infection (URI) episodes worldwide for all ages, males and females, with a 95% CI of 11·4 to 14·5.
The availability of raw materials, particularly cinnamon, significantly impacts global trade in the cinnamic aldehyde industry. China, Indonesia, and India are the main exporters of cinnamic aldehyde. Trade laws, tariffs, and sustainability requirements influence the international movement of cinnamic aldehyde. For instance, according to the Observatory of Economic Complexity (OEC), with a total trade of USD 968 million in 2022, cinnamon ranked 945th in the world. Cinnamon exports increased by 3.28% between 2021 and 2022, from USD 938 million to USD 968 million. Cinnamon commerce accounts for 0.0041% of global trade.
Growth Drivers
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
6.5% |
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Base Year Market Size (2024) |
USD 6.8 billion |
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Forecast Year Market Size (2037) |
USD 15.3 billion |
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Regional Scope |
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Source (Natural and Synthetic)
Natural segment is set to hold cinnamic aldehyde market share of more than 59.5% by 2037. One of the main growth drivers for the segment's expansion is the rising demand for organic processed foods and beverages. Improvements in extraction techniques and production processes lead to an increase in the quality and purity of natural cinnamic aldehyde. Additionally, it is used as a flavoring addition in the food industry due to its strong smell and odor, which enhances the taste. The demand for packaged food and drink products is driven by the expanding population and changing consumer tastes.
End use (Food & Beverages, Cosmetics & Personal Care, Healthcare, Household, Chemical)
Based on the end use, the food & beverages segment in cinnamic aldehyde market is likely to hold a notable share by the end of 2037. Cinnamic aldehyde is used in food to create fruit essences, such as those of apples and cherries, which are then utilized in gum, cake, candy, ice cream, beverages, and tobacco. As a food mildew inhibitor, cinnamic aldehyde is either non-toxic or very hazardous to humans. It has a potent inhibitory effect on microbial proliferation. In both acidic and alkaline environments, cinnamic aldehyde exhibits potent bactericidal and disinfecting properties. Additionally, the cinnamic aldehyde market is expanding due to the growing demand for nutrient-dense food products and health concerns.
Our in-depth analysis of the global market includes the following segments:
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Source |
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Application |
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End use |
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APAC Market Forecast
Asia Pacific cinnamic aldehyde market is predicted to capture revenue share of over 35.9% by 2037, owing to the easy and plentiful availability of cinnamon. Regional demand will be maintained by rising consumer spending on food and beverages as well as an increase in the number of industrial facilities. The product scope will benefit from shifting demographics and wealth patterns that lead to a taste for opulent consumer goods, particularly in China, Japan, India, and Indonesia. Additionally, the increase in the personal care and domestic care sectors will have a major impact on the cinnamic aldehyde market for cinnamic aldehyde.
To maintain their healthy lifestyle, people in China are selecting healthier foods and becoming more health conscious. Cinnamic aldehyde has strong therapeutic benefits; it reduces blood sugar, has anti-inflammatory effects, and aids in the treatment of neurodegenerative illnesses. People's decision to incorporate cinnamic aldehyde in their diet has been greatly impacted by several scientific articles and carefully planned commercials from well-known organizations and cinnamic aldehyde market participants.
Rapidly shifting consumer needs are generating a rapid transformation in India's packaged food industry. Customers are requesting greater creativity and superior cuisine. This involves, a surge in demand for products like healthy snacks, ready-to-eat (RTE) and ready-to-cook (RTC) meals, artisanal biscuits, and a diverse range of sauces. As of FY22, the packaged convenience food sector in India was valued at USD 37.25 billion and was expected to increase at a rate of 11% CAGR. This business is expected to grow to a massive USD 56.95 billion market by FY26. Interestingly, the top 15 firms in the India packaged convenience food industry generate over USD 15.16 billion in revenue from packaged foods.
North America Market Analysis
North America is expected to experience a stable CAGR during the forecast period due to the growing cinnamic aldehyde market for aromatic chemicals made from cinnamic aldehydes, such as cinnamyl alcohol, which will propel the sector forward. Moreover, the growing demand for energy and health drinks is driving up beverage product consumption. Furthermore, the market is expanding due to the increasing usage of cinnamic aldehyde in the agricultural sector, particularly in the U.S.
In the U.S., one of the biggest cinnamic aldehyde markets is the fragrance and cosmetics sector. Cinnamic aldehyde is a common aroma ingredient in lotions, colognes, perfumes, and other personal care items. Its floral, warm, and sweet scent gives fragrances depth and richness, which is why it is used in perfumes frequently. Additionally, mouthwash and toothpaste make use of cinnamic aldehyde as a flavoring and fragrance ingredient. The demand for cinnamic aldehyde in the fragrance and cosmetics industry is anticipated to keep rising due to the increased demand for personal care products and scents with natural and botanical bases.
The cinnamic aldehyde market is expanding in Canada due to its wide range of usage in various kinds of industries. Cinnamaldehyde, another name for cinnamic aldehyde, is a naturally occurring organic molecule that is found in cinnamon bark oil and is utilized extensively as a chemical intermediate, flavoring ingredient, and fragrance. The food and beverage sector, which uses cinnamic aldehyde as a flavoring agent in a variety of products such as baked goods, sweets, beverages, and chewing gum, is one of the main sources of demand. It is a popular choice for both manufacturers and customers as its unique warm and spicy aroma, improves the flavor profile of foods and beverages.
The Cinnamic Aldehyde Market will continue to grow as a result of major market players making significant investments in R&D to broaden their product lines. Important market developments include new product releases, contractual agreements, mergers and acquisitions, increased investments, and cooperation with other organizations. Cinnamic Aldehyde Market participants are also engaging in a range of strategic actions to broaden their presence.
Here are some leading players in the cinnamic aldehyde market:
Author Credits: Rajrani Baghel
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