Synthetic Cinnamaldehyde Market Size

Synthetic Cinnamaldehyde Market size is expected to reach USD 563 Million by the end of 2036, growing at a CAGR of 6% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of synthetic cinnamaldehyde was over USD 280 Million. The market is growing rapidly due to various factors such as its increased use in flavor and fragrance industries, expanding personal care, home, and food and beverage sectors across the globe, and easy access to raw materials. The demand for synthetic cinnamaldehyde is also expected to be influenced positively by urbanization and rising consumer disposable income.  As observed by Research Nester analysts, the global disposable incomes and expenditure per household grew by 2.6% in 2022. Moreover, an increase in consumer expenditure on personal care products and a rise in research and development activities focused on the benefits of scent are fueling the demand for synthetic cinnamaldehyde. Upon analysis, the perfume industry uses over 3,100 synthetic scent compounds. The average name-brand perfume contains 29 chemicals, leading to the growth of the market.

In addition, mixtures of aldehyde and surfactant, such as trans-cinnamaldehyde, have been found to be effective in preventing corrosion, particularly in the presence of minerals or organic acids. Compared to compositions containing only aldehydes, these mixtures show higher and more consistent corrosion prevention. Consequently, the demand for synthetic cinnamaldehyde is expected to increase.