Cinnamaldehyde Market by Source, by Application and by Geography - Global Market Size, Share, Development, Growth, and Demand Forecast, 2013-2023

  • ID: 4470330
  • Report
  • Region: Global
  • 112 pages
  • P&S Market Research
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FEATURED COMPANIES

  • ABI Chem
  • Finoric LLC
  • Haihang Industry Co. Ltd.
  • KAO Global Chemicals
  • Lanxess Ag
  • Mubychem Group
  • MORE
Cinnamaldehyde Market by Source (Synthetic, Natural), by Application (FlavoringAgent, Odor Agent), by Geography (U.S., Canada, Germany, France, U.K., China, Japan, India, Brazil, South Africa, Mexico) - Global Market Size, Share, Development, Growth, and Demand Forecast, 2013-2023

The growth of the cinnamaldehyde market is mainly driven by the growing applications of cinnamaldehyde in the flavor, and fragrance industries.
Homecare and personal care products witnessed a high penetration rate in emerging economies owing to the availability of better market and distribution channels, which further creates opportunities for the key players in the cinnamaldehyde market. The high penetration of these products is due to the growing middle class in Tier 2 and Tier 3 cities. Additionally, personal grooming has gained importance among teenagers/youth, which is also expected to boost the personal care market in the coming years.

Insights on Market Segments:

On the basis of source, the cinnamaldehyde market has been segmented into synthetic and natural, where the synthetic source held a larger share of the market in terms of volume in 2016. However, in the same year, natural source held the larger market share in terms of value.

Through the synthetic process, this chemical can be obtained by aldol condensation of benzaldehyde and acetaldehyde or from cinnamyl alcohol. The main derivative of cinnamaldehyde, which is mostly used commercially, includes dihydrocinnamyl, cinnamyl alcohol, and dihydrocinnamaldehyde. Through the natural process, it is produced by steam distillation of essential oil from cinnamon. It is also found in other members of the cinnamomum species such as cassia, and camphor.

Cinnamaldehyde finds its application as a flavoring agent, odor agent, and others. As per the research findings, odor agent was the largest application area in the global cinnamaldehyde market in terms of both revenue and volume, in 2016. It is used as a fragrance agent in cosmetics, soaps, detergents, deodorants, cleaners, shampoos, and others. Also, it mixes well with other volatile chemicals which help in the fixation of fragrance and odors of perfumes, generally used in personal, and homecare industries.

Asia-Pacific stands as the largest cinnamaldehyde market

Asia-Pacific held the largest share of the cinnamaldehyde market, in terms of both revenue and volume, in 2016. Cinnamaldehyde is used in the region by various industries such as homecare, personal care, food & beverages, and others. The region is home to almost 3 billion customers of homecare, and personal care industries.

With the rapid development of the Asia-Pacific cosmetics market, the cinnamaldehyde industry has witnessed significant growth. The growth of the cosmetics industry is led by increasing aging population, growing appearance consciousness among young generation, and increase in the disposable income of the people in this region. Also, the increase in number of middle-class population in India is leading to the increased demand of personal and homecare products, and benefitting the Asia-Pacific cinnamaldehyde market.

North America held the second largest share of the cinnamaldehyde market in 2016. The major growth driver for the market is the presence of mature and stable personal care, and homecare markets. Also, increased consumption of packaged foods, and high-end perfumes among the high-income groups are also contributing towards the market growth. High-income people have become the key customers of personal & homecare product manufacturers, because of their higher purchasing power.

Cinnamaldehyde is an organic compound, which provides the taste and smell of cinnamon spice. The essential oil in the bark of cinnamon trees contains almost 98% of the chemical. It is mainly used as a flavor and odor agent in the personal care, and homecare industries. It is also used as a fungicide that shows anti-microbial activity, which can prevent almost 50% bacterial growth in oral cavity. Additionally, it is also known as corrosion inhibitor for steel and other ferrous alloys in corrosive fluids.

Competitive Landscape:

Some of the key players operating in the cinnamaldehyde industry are Mubychem Group, Lanxess AG, Payan Berthand S.A, Emerald Kalama Chemical, LLC, Jayshree Aromatics Pvt. Ltd., Kao Global Chemicals, Finoric LLC, ABI Chem, Yingcheng Wuhan Organic Materials Co., Ltd., and Haihang Industry Co. Ltd.
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FEATURED COMPANIES

  • ABI Chem
  • Finoric LLC
  • Haihang Industry Co. Ltd.
  • KAO Global Chemicals
  • Lanxess Ag
  • Mubychem Group
  • MORE
1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Source
1.3.2 Market Segmentation by Application
1.3.3 Market Segmentation by Geography
1.3.4 Analysis Period
1.3.5 Market Data Reporting Unit
1.3.5.1 Value
1.3.5.2 Volume
1.4 Key Stakeholders

2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 by region
2.2.1.2 by industry participant
2.2.1.3 by company type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study

3. Executive Summary

4. Introduction
4.1 Definition of Market Segments
4.1.1 by Source
4.1.1.1 Synthetic
4.1.1.2 Natural
4.1.2 by Application
4.1.2.1 Flavoring agent
4.1.2.2 Odor agent
4.1.2.3 Others
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 Increase in the use of cinnamaldehyde as antimicrobial agent in agricultural practices
4.3.2 Drivers
4.3.2.1 Cinnamaldehyde has a low toxicity
4.3.2.2 Changing demographics and income trends in developing economies
4.3.2.3 Urbanization adding to increasing demand of cinnamaldehyde in emerging economies
4.3.2.4 Increasing demand of personal & home care products in developed and developing economies
4.3.2.5 Impact analysis of drivers on market forecast
4.3.3 Restraints
4.3.3.1 Cinnamaldehyde can cause allergy
4.3.3.2 Impact analysis of restraints on market forecast
4.3.4 Opportunities
4.3.4.1 Continuous R&D activities to broaden the application of cinnamaldehyde in the medical sector
4.3.4.2 Penetration of homecare & personal care products in emerging economies
4.4 Porter’s Five Forces Analysis
4.4.1 Bargaining Power of Buyers
4.4.2 Bargaining Power of Suppliers
4.4.3 Intensity of Rivalry
4.4.4 Threat of New Entrants
4.4.5 Threat of Substitutes

5. Global Market Size and Forecast
5.1 by Source
5.2 by Application
5.3 by Region

6. North America Market Size and Forecast
6.1 by Source
6.2 by Application
6.3 by Country

7. Europe Market Size and Forecast
7.1 by Source
7.2 by Application
7.3 by Country

8. Asia-Pacific Market Size and Forecast
8.1 by Source
8.2 by Application
8.3 by Country

9. RoW Market Size and Forecast
9.1 by Source
9.2 by Application
9.3 by Country

10. Company Profiles & Benchmarking
10.1 Company Profiles
10.1.1 Mubychem Group
10.1.1.1 Business Overview
10.1.1.2 Product and Service Offerings
10.1.2 Lanxess AG
10.1.2.1 Business Overview
10.1.2.2 Product and Service Offerings
10.1.2.3 Key Financial Summary
10.1.2.4 Strategic Growth Plans
10.1.2.5 Strategic Developments
10.1.3 Payan Berthand S.A.
10.1.3.1 Business Overview
10.1.3.2 Product and Service Offerings
10.1.4 Emerald Kalama Chemical, LLC
10.1.4.1 Business Overview
10.1.4.2 Product and Service Offerings
10.1.4.3 Strategic Growth Plans
10.1.4.4 Strategic Developments
10.1.5 Jayshree Aromatics Pvt. Ltd
10.1.5.1 Business Overview
10.1.5.2 Product and Service Offerings
10.1.5.3 Strategic Growth Plans
10.1.6 Kao Global Chemicals
10.1.6.1 Business Overview
10.1.6.2 Product and Service Offerings
10.1.6.3 Strategic Growth Plans
10.1.7 Finoric LLC
10.1.7.1 Business Overview 1
10.1.7.2 Product and Service Offerings
10.1.8 ABI Chem
10.1.8.1 Business Overview
10.1.8.2 Product and Service Offerings
10.1.9 Yingcheng Wuhan Organic Materials Co. Ltd.
10.1.9.1 Business Overview
10.1.9.2 Product and Service Offerings
10.1.10 Haihang Industry Co. Ltd.
10.1.10.1 Business Overview
10.1.10.2 Product and Service Offerings
10.2 Benchmarking
10.2.1 Benchmarking of Key Players

11. Appendix
11.1 Abbreviations

List of Tables
Table 1 Analysis Period of The Study
Table 2 Evolution of Urban Population, In Millions (1990 - 2050)
Table 3 Drivers For The Market: Impact Analysis
Table 4 Restraints For The Market: Impact Analysis
Table 5 Global Cinnamaldehyde Market, by Source, Metric Tons (2013 - 2016)
Table 6 Global Cinnamaldehyde Market, by Source, Metric Tons (2017 - 2023)
Table 7 Global Cinnamaldehyde Market, by Source, $M (2013 - 2016)
Table 8 Global Cinnamaldehyde Market, by Source, $M (2017 - 2023)
Table 9 Global Cinnamaldehyde Market, by Application, Metric Tons (2013 - 2016)
Table 10 Global Cinnamaldehyde Market, by Application, Metric Tons (2017 - 2023)
Table 11 Global Cinnamaldehyde Market, by Application, $M (2013 - 2016)
Table 12 Global Cinnamaldehyde Market, by Application, $M (2017 - 2023)
Table 13 Global Cinnamaldehyde Market, by Region, Metric Tons (2013 - 2016)
Table 14 Global Cinnamaldehyde Market, by Region, Metric Tons (2017 - 2023)
Table 15 Global Cinnamaldehyde Market, by Region, $M (2013 - 2016)
Table 16 Global Cinnamaldehyde Market, by Region, $M (2017 - 2023)
Table 17 North America Cinnamaldehyde Market, by Source, Metric Tons (2013 - 2016)
Table 18 North America Cinnamaldehyde Market, by Source, Metric Tons (2017 - 2023)
Table 19 North America Cinnamaldehyde Market, by Source, $M (2013 - 2016)
Table 20 North America Cinnamaldehyde Market, by Source, $M (2017 - 2023)
Table 21 North America Cinnamaldehyde Market, by Application, Metric Tons (2013 - 2016)
Table 22 North America Cinnamaldehyde Market, by Application, Metric Tons (2017 - 2023)
Table 23 North America Cinnamaldehyde Market, by Application, $M (2013 - 2016)
Table 24 North America Cinnamaldehyde Market, by Application, $M (2017 - 2023)
Table 25 North America Cinnamaldehyde Market, by Country, Metric Tons (2013 - 2016)
Table 26 North America Cinnamaldehyde Market, by Country, Metric Ton (2017 - 2023)
Table 27 North America Cinnamaldehyde Market, by Country, $M (2013 - 2016)
Table 28 North America Cinnamaldehyde Market, by Country, $M (2017 - 2023)
Table 29 Europe Cinnamaldehyde Market, by Source, Metric Tons (2013 - 2016)
Table 30 Europe Cinnamaldehyde Market, by Source, Metric Tons (2017 - 2023)
Table 31 Europe Cinnamaldehyde Market, by Source, $M (2013 - 2016)
Table 32 Europe Cinnamaldehyde Market, by Source, $M (2017 - 2023)
Table 33 Europe Cinnamaldehyde Market, by Application, Metric Tons (2013 - 2016)
Table 34 Europe Cinnamaldehyde Market, by Application, Metric Tons (2017 - 2023)
Table 35 Europe Cinnamaldehyde Market, by Application, $M (2013 - 2016)
Table 36 Europe Cinnamaldehyde Market, by Application, $M (2017 - 2023)
Table 37 Europe Cinnamaldehyde Market, by Country, Metric Tons (2013 - 2016)
Table 38 Europe Cinnamaldehyde Market, by Country, Metric Ton (2017 - 2023)
Table 39 Europe Cinnamaldehyde Market, by Country, $M (2013 - 2016)
Table 40 Europe Cinnamaldehyde Market, by Country, $M (2017 - 2023)
Table 41 Asia-Pacific Cinnamaldehyde Market, by Source, Metric Tons (2013 - 2016)
Table 42 Asia-Pacific Cinnamaldehyde Market, by Source, Metric Tons (2017 - 2023)
Table 43 Asia-Pacific Cinnamaldehyde Market, by Source, $M (2013 - 2016)
Table 44 Asia-Pacific Cinnamaldehyde Market, by Source, $M (2017 - 2023)
Table 45 Asia-Pacific Cinnamaldehyde Market, by Application, Metric Tons (2013 - 2016)
Table 46 Asia-Pacific Cinnamaldehyde Market, by Application, Metric Tons (2017 - 2023)
Table 47 Asia-Pacific Cinnamaldehyde Market, by Application, $M (2013 - 2016)
Table 48 Asia-Pacific Cinnamaldehyde Market, by Application, $M (2017 - 2023)
Table 49 Asia-Pacific Cinnamaldehyde Market, by Country, Metric Tons (2013 - 2016)
Table 50 Asia-Pacific Cinnamaldehyde Market, by Country, Metric Ton (2017 - 2023)
Table 51 Asia-Pacific Cinnamaldehyde Market, by Country, $M (2013 - 2016)
Table 52 Asia-Pacific Cinnamaldehyde Market, by Country, $M (2017 - 2023)
Table 53 Row Cinnamaldehyde Market, by Source, Metric Tons (2013 - 2016)
Table 54 Row Cinnamaldehyde Market, by Source, Metric Tons (2017 - 2023)
Table 55 Row Cinnamaldehyde Market, by Source, $M (2013 - 2016)
Table 56 Row Cinnamaldehyde Market, by Source, $M (2017 - 2023)
Table 57 Row Cinnamaldehyde Market, by Application, Metric Tons (2013 - 2016)
Table 58 Row Cinnamaldehyde Market, by Application, Metric Tons (2017 - 2023)
Table 59 Row Cinnamaldehyde Market, by Application, $M (2013 - 2016)
Table 60 Row Cinnamaldehyde Market, by Application, $M (2017 - 2023)
Table 61 Row Cinnamaldehyde Market, by Country, Metric Tons (2013 - 2016)
Table 62 Row Cinnamaldehyde Market, by Country, Metric Ton (2017 - 2023)
Table 63 Row Cinnamaldehyde Market, by Country, $M (2013 - 2016)
Table 64 Row Cinnamaldehyde Market, by Country, $M (2017 - 2023)
Table 65 Mubychem Group - at a Glance
Table 66 Lanxess Ag - at a Glance
Table 67 Lanxess Ag - Key Financial Summary
Table 68 Payan Berthand S.A. - at a Glance
Table 69 Emerald Kalama Chemical, Llc- at a Glance
Table 70 Jayshree Aromatcs Pvt. Ltd. - at a Glance
Table 71 Kao Global Chemicals - at a Glance
Table 72 Finoric Llc - at a Glance
Table 73 Abi Chem - at a Glance
Table 74 Yingcheng Wuhan Organic Materials Co. Ltd. - at a Glance
Table 75 Haihang Industry Co. Ltd. - at a Glance

List of Figures
Fig 1 Research Methodology
Fig 2 Regional Split of Primary And Secondary Research
Fig 3 Breakdown of Primary Research by Region
Fig 4 Breakdown of Primary Research by Industry Participant
Fig 5 Breakdown of Primary Research by Company Type
Fig 6 Data Triangulation Approach
Fig 7 Global Cinnamaldehyde Market Summary
Fig 8 Value Chain Analysis
Fig 9 Porter’S Five Forces Analysis
Fig 10 Global Cinnamaldehyde Market, by Source, Metric Tons (2013 - 2023)
Fig 11 Global Cinnamaldehyde Market, by Application, Metric Tons (2013 - 2023)
Fig 12 Worldwide Major Markets For Cinnamaldehyde
Fig 13 North America Cinnamaldehyde Market Snapshot
Fig 14 North America Cinnamaldehyde Market, by Source, Metric Tons (2013 - 2023)
Fig 15 North America Cinnamaldehyde Market, by Application, Metric Tons (2013 - 2023)
Fig 16 North America Cinnamaldehyde Market, by Country, Metric Tons (2013 - 2023)
Fig 17 Europe Cinnamaldehyde Market Snapshot
Fig 18 Europe Cinnamaldehyde Market, by Source, Metric Tons (2013 - 2023)
Fig 19 Europe Cinnamaldehyde Market, by Application, Metric Tons (2013 - 2023)
Fig 20 Europe Cinnamaldehyde Market, by Country, Metric Tons (2013 - 2023)
Fig 21 Asia-Pacific Cinnamaldehyde Market Snapshot
Fig 22 Asia-Pacific Cinnamaldehyde Market, by Source, Metric Tons (2013 - 2023)
Fig 23 Asia-Pacific Cinnamaldehyde Market, by Application, Metric Tons (2013 - 2023)
Fig 24 Asia-Pacific Cinnamaldehyde Market, by Country, $M (2013 - 2023)
Fig 25 Row Cinnamaldehyde Market Snapshot
Fig 26 Row Cinnamaldehyde Market, by Source, Metric Tons (2013 - 2023)
Fig 27 Row Cinnamaldehyde Market, by Application, Metric Tons (2013 - 2023)
Fig 28 Row Cinnamaldehyde Market, by Country, $M (2013 - 2023)
Fig 29 Lanxess Ag Revenue Split by Geography And Segment (2016)
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  • ABI Chem
  • Emerald Kalama Chemical, LLC
  • Finoric LLC
  • Haihang Industry Co. Ltd.
  • Jayshree Aromatics Pvt. Ltd
  • KAO Global Chemicals
  • Lanxess Ag
  • Mubychem Group
  • Payan Berthand S.A.
  • Yingcheng Wuhan Organic Materials Co. Ltd.
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
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