Cinnamic Aldehyde Market 2018-2024 Top Key Players - Now Health Group, AlzChem AG, Life Extension, Infa Group, Swanson Health Products, Qidu Pharmaceutical, HiMedia Laboratories
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.
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Natural source is anticipated to be valued over USD 1.8 billion by 2024. Natural flavors are derived through abstraction, purification and several biotechnological processes from vegetable, fruit and plants. Rising demand for processed food owing to rising disposable income will significantly drive cinnamic aldehyde market expansion.
Agriculture industry witnessed more than 11 kilo tons demand in 2016. Rising product adoption as fungicide farming due to its antimicrobial characteristics propelling product demand. Strong application outlook in insecticides to provide smell repelling feature towards various undesired insects and mosquitos will enhance product demand.
High demand for providing strength to plant root structures will positively support product penetration. As per industry experts, product concentration of 29 ppm kills more than half of aegypti mosquito larvae within a day span. Robust application as effective fumigant for mature mosquitos is further expected to propel cinnamic aldehyde market over the forecast timespan.
Asia Pacific is expected to account over 35% industry share in 2024 due to increasing disposable income amongst middle class families in the region. Rising income and demographic trends prompting inclination towards luxury consumer goods in China, Japan and India will foster product demand. Moreover, development of household and personal care industries will significantly contribute to business growth.
Global cinnamic aldehyde market share includes Bide Pharmatech, Kao Global Chemicals, Indukern F&F, Aurochemicals, LANXESS, Graham Chemical, Vee Kay International, Kalpsutra Chemicals and Emerald Kalama Chemical. Rising competition among existing players and new entrants is anticipated to enhance product development during the forecast timeframe.
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