Cinnamic Aldehyde Market Top Key Players: Elan Pharmaceuticals, Symrise AG, LANXESS, Kao Corporation S.A., Treatt, Graham Chemical Corporation, Emerald Kalama Chemical, BV, ECSA Group
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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.
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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Emerald Kalama Chemical, BV
3. Vee Kay International
4. Graham Chemical Corporation
7. Kao Corporation S.A.
8. Bide Pharmatech Ltd.
9. Prakash Chemicals International Private Limited
10. Jayshree Chemicals Limited
11. ECSA Group
12. Elan Pharmaceuticals
13. Symrise AG
15. SRS Aromatics Ltd.
16. The John D. Walsh Company Inc.
18. M&U International
19. Lansdowne Chemicals Europe B.V.
Cinnamic Aldehyde Market, By Product
• Aroma agent
• Flavor agent
• Antimicrobial agent
• Others (Anticancer agent)
Cinnamic Aldehyde Market, By Source
Cinnamic Aldehyde Market, By End-Use
• Household & personal care
• Food & beverages
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North America will witness CAGR over 6% up to 2024. Growing consumption of packaged food and organic flavoring ingredients have favored industry growth. Rising demand for aromatic chemicals derived from cinnamic aldehyde including cinnamyl alcohol will propel business growth.
Asia Pacific is expected to account over 35% of cinnamic aldehyde market share by 2024. Strong outlook in agricultural applications as surface disinfectant owing to low mammalian toxicity will drive product demand. Superior antifungal properties enabling inhibition of various fungus including lenzites betulina, laetiporus sulphureus, and trametes versicolor will fuel the industry 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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