Synthetic Cinnamaldehyde Market Segmentation:
Product Type (Flavor agent, Antimicrobial agent, Aroma agent, Pesticide & Insecticide)
The antimicrobial agent segment is poised to hold 42% share of the global synthetic cinnamaldehyde market during the forecast period. The increased demand for antimicrobial agents arising from various industries like healthcare, food processing, and packaging due to growing concerns about hygiene, food safety, and health. Antimicrobial agents are extensively used in these sectors to inhibit the growth of microorganisms and ensure product safety, contributing to their projected market growth.
Application (Food & beverages, Household & Personal Care, Agriculture, Healthcare, Industrial)
Synthetic cinnamaldehyde market from the food and beverages segment is set to garner the majority revenue share. This segment typically holds the highest market share owing to the universal necessity of food products and the continuous demand for innovations in food processing, preservation, and safety. The food & beverage industry consistently seeks advancements in ingredients, packaging, and processing techniques, leading to significant growth opportunities and a substantial market size. As per statistics, the synthetic food industry accumulated a revenue of USD 16 billion in 2023. This enhanced opportunities for the market.
Our in-depth analysis of the global market includes the following segments:
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