Cinnamic Aldehyde Market: Growing Aroma, Flavor & Functional Ingredient
Introduction
The global Cinnamic Aldehyde market is on an upward trajectory, propelled by broadening usage across flavor, fragrance, and functional applications. According to Stratview Research, the market was valued at around USD 5.56 billion in 2022 and is forecast to grow at a CAGR of approx. 7.24% between 2023-2028, reaching roughly USD 8.46 billion by 2028.
Applications
Cinnamic aldehyde is widely used as an aroma and flavor agent, delivering the familiar cinnamon-like scent and taste in food & beverage products such as chewing gum, ice cream, candy, and e-liquids. It also serves as an antimicrobial agent in household care, personal care and agricultural applications, broadening its functionality beyond scent and taste.
Key Drivers
Several key factors are fueling market expansion:
- A growing global food & beverage industry, with rising consumer spending and demand for premium flavors, supports flavor-agent applications.
- Consumer preference for natural and clean-label ingredients boosts demand for naturally-sourced cinnamic aldehyde. In 2022, natural sources accounted for more than 80 % of the market.
- Rapid expansion in the Asia-Pacific region, where easy availability of cinnamon and rising incomes are driving consumption. Asia-Pacific dominated the market in 2022.
Future Opportunities
Significant opportunities lie ahead:
- The antimicrobial and functional-ingredient use cases (in personal care, household and agriculture) offer growth beyond traditional aroma/flavor roles.
- Emerging markets, particularly in Asia-Pacific, present strong upside as food, personal-care and household sectors expand rapidly.
- Innovations in extraction and sustainable sourcing of natural cinnamic aldehyde can further appeal to eco-conscious and clean-label-seeking customers.
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Conclusion
The cinnamic aldehyde market is well-positioned for strong growth, backed by its dual role as a flavor/aroma agent and a functional antimicrobial ingredient. With a projected market size nearing USD 8.46 billion by 2028 and a growth rate over 7 % annually, according to Stratview Research, ingredient suppliers and manufacturers who focus on natural sourcing, broadening end-use segments and emerging regions will likely gain the most from this evolving market landscape.
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