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Cinnamic Acid Market

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Cinnamic acid is a white crystalline compound, which is freely soluble in organic solvents. It is suitable for use as a flavoring agent, as it has odor similar to honey.
Cinnamic Acid Market Analysis, 2027 | Global Industry
Report
Cinnamic acid is a white crystalline compound, which is freely soluble in
organic solvents. It is suitable for use as a flavoring agent, as it has odor similar
to honey. It is available naturally from various plants such as cinnamon. In
anti-oxidant and anti-diabetic medicines, derivatives of this acid is used as
major components. Cinnamic acid is synthesized using Perkin reaction, which
requires the base-catalyzed condensation of acetic anhydride and benzaldehyde.
Cinnamic acid is used in various applications such as pharmaceuticals, synthetic
indigo, fragrance/perfume, in preparation of various esters, amides, and
cinnamoyl acids, and others.
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Market Outlook
On the basis of region, the global cinnamic acid market is segmented into North
America, Latin America, Asia Pacific, Europe, Middle East, and Africa. Asia
Pacific is projected to hold dominant position in the global cinnamic acid
market over the forecast period due to growth of cosmetics and
fragrance/perfumes industries in the region. For instance, according to the U.S.
Department of Commerce, International Trade Administration (ITA), Indian
Beauty and Personal Care (BPC) industry was valued at US$ 8 billion in 2016
and it is expected to exhibit a CAGR of 5-6% during the forecast period
(2019-2027).
Europe and North America regions are major consumers of cosmetics,
worldwide and therefore, are major drivers for the cinnamic acid market growth
for the past five years. In Middle East, there is high demand for cinnamic acid in
perfume industry, which is expected to fuel growth of the cinnamic acid market.
Key Players
Some of the major players operating in the global cinnamic acid market include
BASF, Guangzhou Shiny Co. Ltd., BestAroma Biotech, Daurala Organics,
Yuancheng Saichuang Technology, Wuhan Organic Material, Omega
Ingredients, Elan Chemical Company, DSM, King-Pharm, Kay Fries, Juhua
Group, and Bayer ltd. amongst others.
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