Hexyl Cinnamic Aldehyde Market size was over USD 54.25 Million in 2023 and is poised to cross USD 111.53 Million by 2036, growing at more than 5.7% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of hexyl cinnamic aldehyde is estimated at USD 57.34 Million. The growth of the market can be attributed to the rising usage of perfumes among youngsters. Further, the growing popularity of personal grooming, rising standards of life, increasing spending on premium and luxury perfumes, among people across the globe are also expected to add to the market growth. Hexyl cinnamic aldehyde is a chemical ingredient used to give perfumes and other scented goods a light, fresh aroma. It smells similar to jasmine, and has a long-lasting scent. According to estimates, sales of high-end fragrances in the US increased by more than 50% in 2019.
In addition to these, factors that are believed to fuel the market growth include the easy availability of hexyl cinnamic aldehyde. For instance, it occurs naturally in chamomile essential oil. Additionally, owing to its widespread availability and inexpensive cost, hexyl cinnamic aldehyde is frequently used as a component in perfumes and aromas, which is predicted to present the potential for market expansion over the projected period.
Growth Drivers
Growing Export and Import of Perfumes – On the accounts of rising demand for luxury and exotic fragrances, the market is expected to expand more in the upcoming years. For instance, according to research as of 2021, India exported perfume worth more than ~USD 84 million.
Rising Cosmetic Industry – Rising demand for cosmetic and skin care accross the globe disposable income across the globe is estimated to drive market growth. Further, hexyl cinnamaldehyde is a typical ingredient used as an aroma component in the cosmetic industries. As per data, the market for cosmetics worldwide grew by more than 15% in 2022.
Increasing Awareness about Hygiene – People are paying more attention to hygiene owing to the rising health worries in the world, this as a result is expected to boost the market growth. For instance, according to the most recent expenditure data, the percentage of people who have access to well managed sanitation rose over 50% in 2020.
Surging Demand for Air Care Products – The increasing usage of air care products in homes, automobiles, restrooms, and other places, is anticipated to drive the market growth. By 2021, electric air fresheners are anticipated to account for more than 20% of market sales.
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
5.7% |
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Base Year Market Size (2023) |
USD 54.25 Million |
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Forecast Year Market Size (2036) |
USD 111.53 Million |
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Regional Scope |
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Application (Flavoring Agent, Fragrance Additives)
The global hexyl cinnamic aldehyde market is segmented and analyzed for demand and supply by application into flavoring agent, fragrance additives, and others. Out of the three applications, the fragrance additives segment is estimated to gain the largest market share over the projected time frame. The growth of the segment can be attributed to the growing usage of perfumes among all age groups. For instance, owing to the rising income levels and higher living standards, consumers are spending more on luxury perfumes, which drives up their use across a variety of end-use sectors. Further, essential oils or scents are utilized to provide a pleasing aroma in perfumes. Hexyl cinnamic aldehyde is naturally present in chamomile essential oil, which is an ingredient found in fragrances. It smells similar to jasmine, blends effectively with other floral notes, and is used liberally in all major fragrance types. According to estimates in the next five years, the Indian fragrance market is predicted to increase by more than 10%.
The global hexyl cinnamic aldehyde market is also segmented and analyzed for demand and supply by application into flavoring agent, fragrance additives, and others. Amongst these three segments, the flavoring agent segment is expected to garner a significant share. The growth can be attributed to the increasing consumption of functional beverages among the population. Further hexyl cinnamic aldehyde enhances sweetness, uplifts and intensifies tastes, and also offers a relaxing, refreshing impact which is suitable for tea, fruit, honey, and flower designs. This, as a result, is anticipated to create numerous opportunities for the growth of the segment in the coming years.
Our in-depth analysis of the global market includes the following segments:
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By Application |
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By End User Industry |
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By Type |
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APAC Market Statistics
The Asian Pacific hexyl cinnamic aldehyde market, amongst the market in all the other regions, is projected to hold the largest share during the forecast period. The growth of the market can be attributed majorly to the growing food and beverage sector in the region. Factors such as the availability of several cutting-edge variants of functional beverages and changing consumer behaviors, are anticipated to contribute to the growth of food and beverages. Hexyl cinnamic aldehyde is frequently employed as a flavoring component in many different meals and beverages, where it emits a strong cinnamon scent. Moreover, it offers a cooling, refreshing effect that is often desired in tea drinks. In addition, the region's expanding chemical industry, is also anticipated to boost the market growth during the forecast period. The food processing business in India generates more than USD 100 billion of the country's overall food and beverage market.
Europe Market Forecast
The European hexyl cinnamic aldehyde market, amongst the market in all the other regions, is projected to hold the second largest share during the forecast period. The growth of the market can be attributed majorly to the growing cosmetic industry in the region. Europe is known to be the world's leader in the cosmetics sector and the top exporter of cosmetics. The desire of European consumers to retain a high standard of living makes the continent a viable market for new products and launches in the personal care and cosmetics industries. For instance, Germany used the most cosmetics in 2021 in the European cosmetics market. Fecal incontinence is also known to affect 7 to 15 persons out of every 100 who are not patients or residents of nursing homes or hospitals. Further, the presence of a strong healthcare network in the region, along with the availability of supportive policies by the regulatory bodies that promote the market players to opt for easy testing of drugs over a large target population so as to develop efficient treatment options, are also anticipated to contribute to the market growth in the region. In addition, the region's expanding healthcare industry and rising commercialization of IBS products are also anticipated to boost the market growth during the forecast period. In Europe, consumers of all ages use more than 70% of beauty and personal care products.
North American Market Forecast
Further, the market in the North America, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2036. The growth of the market can be attributed majorly to the rising awareness of personal hygiene and rising usage of personal hygiene products in the region. For instance, owing to the outbreak of various infectious diseases the demand for personal care products, such as soaps, and hand sanitizers has increased. All this factors will lead to rise in demand for hexyl cinnamic aldehyde which is frequently found in shampoo, soaps, lotions, antiperspirants, and foam baths.
Eternis Fine Chemicals UK Limited completed the purchase of Tennants Fine Chemicals Ltd, to extend the variety of aroma chemicals available to customers, and to utilize the multi-location manufacturing and distribution platforms to provide better regional customer service.
Kao Corporation a provider of skin care and hair care products, aimed to create a more flexible, effective manufacturing and logistics strategy, by using AI and robotics to create a pleasant working environment in response to shifting demand brought on by changes in client purchasing behavior as well as a dwindling workforce.
Author Credits: Rajrani Baghel
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