Asia Pacific Cinnamic Aldehyde Market is expected to grow at 35% CAGR till 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.
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.
With a recorded valuation of USD 1 billion in 2016, the growth curve of global cinnamic aldehyde market is claimed to witness a steady pace of progression over the coming years, courtesy- extensive utilization of flavor and fragrance enhancers in food items. Flavor enhanced confectioneries, chewing gum, candy, and ice cream, in particular, have emerged as the most preferred beverage choices for global consumers. This, in consequence, has created massive growth opportunity for cinnamic aldehyde market, primarily on account of the product’s substantial deployment in food items as a flavoring agent.
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Powered by presence of both local as well as international players such as Emerald Kalama Chemical, Vee Kay International, Kalpsutra Chemicals, Graham Chemical, and LANXESS, the competitive landscape of the overall cinnamic aldehyde market is claimed to be highly fragmented. These biggies have been increasingly focusing on developing integrated supply chains for an easy procurement of raw materials which would ultimately reduce the overall cost trends.
Glimpse of Table of Content (ToC)
Chapter 3. Cinnamic Aldehyde Market Insights
3.1. Industry segmentation
3.2. Cinnamic Aldehyde Market landscape, 2013 – 2024
3.3. Cinnamic Aldehyde Market ecosystem analysis
3.3.1. Raw material suppliers
3.3.3. Distribution channel analysis
3.3.4. Profit margin trends
3.3.5. Vendor matrix
188.8.131.52. Company’s role
184.108.40.206. Product portfolio
220.127.116.11. Global presence
3.4. Technology landscape
3.5. Raw material trends
3.5.1. Cinnamon bark
3.5.2. Cassia cinnamon
3.6. Major cinnamon producing countries
3.6.4. Sri Lanka
3.7. Global cinnamon exports, by country
3.7.1. Sri Lanka
3.8. Potential customer overview
3.8.1. Food & beverages companies
3.8.2. Fragrance companies
3.9. Regulatory landscape
3.10. Industry best practices & key buying criteria
3.11. Pricing analysis, by region
3.11.1. North America
3.11.3. Asia Pacific
3.11.6. Cost structure analysis
3.12. Innovation & sustainability
3.12.1. Potential applications
3.13. Industry impact forces
3.13.1. Growth drivers, by region
3.13.2. Industry pitfalls & challenges
3.14. Global aroma chemicals market overview (Parent market outlook)
3.14.2. Consumer requirements
3.14.3. Global aroma chemicals market estimates & forecast, 2016 – 2024
3.15. Growth potential analysis
3.16. Competitive landscape, 2016
3.16.1. Market share analysis, 2016
3.16.2. Key stakeholders
3.16.3. Investment trends
3.16.4. R&D trends
3.16.5. Strategy dashboard
18.104.22.168. Mergers & acquisitions
22.214.171.124. JV, collaborations & strategic alliances
126.96.36.199. Expansion strategies adopted by leading players
3.17. Porter’s analysis
3.18. PESTEL analysis
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