Cinnamic Aldehyde Market to gain impetus via food flavoring sector | LANXESS, Elan, Symrise, Taytonn, SRS Aromatics, Treatt

The growth curve of global cinnamic aldehyde market has witnessed a steady pace of progression due to the extensive use of flavor and fragrance enhancers in food products. Flavor enhanced confectioneries, candy, ice-creams, chewing gum, in particular, have emerged as one of the most preferred choices of beverage among consumers across the globe. This has consequently, created a massive growth opportunity for cinnamic aldehyde producers, mainly on account of the product’s substantial use in food items as a flavoring agent.

Considerable improvement in the purchasing power among people and the rise in urbanization especially in the developing nations has driven the demand for ready-to-eat food products to meet the changing tastes of the people. As per reports, global food flavoring industry is expected to amass USD 15 billion by 2024, indicating significant potential for cinnamic aldehyde market.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/1385

Food & beverage sector will be the key revenue pocket for cinnamic aldehyde market due to rising consumer spending on food & beverages. Online retail in F&B is becoming the fastest-growing product category in eCommerce. The product is witnessing major demand from food industry for desired flavors, aroma and several other applications.

Estimates suggests that global food flavoring sector will exceed USD 15 billion in terms of revenue by 2024, which in turn may favor cinnamic aldehyde industry growth. For a long time cinnamic aldehyde has been a part of treating a wide variety of disorders, ranging from flu, common cold to diarrhea and cancer. Currently, the product is witnessing heavy demand from the healthcare sector for the treatment of blood sugar levels in type II diabetic patients.

Rise in population across the globe and subsequent demand for food has led to advancements in the agricultural sector, which can sustain albeit the global coronavirus pandemic. Cinnamic aldehyde is used for fungicide in farming due to the antimicrobial properties of the compound. Robust application outlook in insecticides to provide smell repelling properties for many mosquitos and insects that may cause harm to the crop is supporting the demand for the product. In 2016, the agricultural industry registered over 11 kilo-tons of demand for cinnamic aldehyde.

Get Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/cinnamic-aldehyde-market

Rising costs for research & development of organic products as well as fluctuating raw material (cinnamon) prices may affect cinnamic aldehyde market price trend. Also, growing consumer awareness regarding skin irritation and infection due to undiluted usage of the product may impact product adoption rate.

Asia Pacific region is expected to account more than 35% of the global cinnamic aldehyde market share over the coming years. The robust product demand in the region is stemming from increasing disposable income amongst middle income family groups in APAC countries and associated spending on luxury consumer goods and exotic food items.

Browse More news:

https://www.prnewswire.com/news-releases/bitumen-market-value-to-hit-116-billion-by-2026-global-market-insights-inc-300967401.html

https://www.prnewswire.com/news-releases/cosmetic-preservatives-market-valuation-to-exceed-1-25-billion-by-2026--says-global-market-insights-inc-301060587.html

Contact Us
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

This release was published on openPR.