The global cinnamic acid market is projected to reach USD 1.8 billion by 2028, expanding at a CAGR of 5.5% from 2025 to 2027. The industry will continue to grow during the forecast period due to the rise in demand for food additives and natural preservatives in various industries such as pharmaceuticals and food & beverage processing. Increasing awareness about the benefits of cinnamic acids can also be attributed to the growth of this market during the forecast period.
Cinnamic acid is an organic compound and a type of benzene. It has the chemical formula CH₁COCH=CHCOH. Cinnamic acid belongs to benzoic acids, which are organic compounds that contain both carboxylic acid groups and phenyl groups. The compound can be used in food additives such as antioxidants, flavoring agents, and preservatives or in pharmaceuticals for manufacturing drugs like antibiotics. This light-yellow or white crystalline powder is soluble in water, ethanol, and diethyl ether.
On the basis of type, the global cinnamic acid market is segmented into industrial-grade, pharmaceutical-grade, and food-grade.
Industrial-grade cinnamic acid is a synthetic product with no major natural sources. It can be used in the production of benzoic acid, benzyl alcohol, and other products. Industrial-grade cinnamic acid is a type of industrial-grade, which is used in the production of various chemicals and dyes. Industrial-grade cinnamic acid can be used in the manufacture of antifreeze, plastics, and solvents. It is also an important ingredient for certain perfumes.
Pharmaceutical-grade cinnamic acid can be extracted from natural sources or synthesized artificially. Pharmaceuticals are substances that are created to cure or reduce the effects of disorders or illnesses. Pharmaceutical-grade cinnamic acid can be used in a variety of medicines, including those that fight cancer and obesity.
Food-grade cinnamic acid is extracted from natural sources like cinnamon, an evergreen tree bark known for its sweet taste and smell as well as its medicinal properties. It's often found in confections such as cookies, gingerbread, cakes, etc., pasta sauce (tomato) with basil leaves; desserts (like meringue), ice cream or sorbetto which contains vanilla extract derived from the pods of a genus indigenous to Mexico and Central America: Vanilla planifolia.
On the basis of application, the global cinnamic acid market is segmented into industry, pharmaceutical industry, food, and others.
Cinnamic acid is used in the plastics, rubber, and leather industries for its antioxidant properties. Cinnamic acid can also be found in food products such as coffee beans, cocoa powder, cinnamon powders, licorice root extract, and vanilla extracts because of its aroma-enhancing qualities. It's also an ingredient in perfumes to give it a sweet smell.
Cinnamic acid is widely used in the pharmaceutical industry. It is mainly used for the synthesis of drugs such as ampicillin, penicillin, and erythromycin. It finds application as an intermediate for the production of two drugs, namely benazepril and captopril which are commonly prescribed to lower blood pressure levels (hypertension). Moreover, cinnamic acid has been observed to modulate lipid metabolism and glucose uptake by inhibiting hormone-sensitive lipase activity.
Cinnamic Acid is a common ingredient in the food industry. It can be used as a flavoring agent, antioxidant and antimicrobial preservative to control spoilage of food products such as meat, poultry, fish, and dairy. Pharmaceutical-grade cinnamic acid can also be used for curing beef jerky.
Cinnamon bark oil contains 68% cinnamic acid by weight; one of its main ingredients is a cinnamon extract which includes 20-40% cinnamic acid. Therefore, it has become more widely accepted among consumers as an antioxidant additive in foods such as soft drinks (including colas), fruit juices, applesauce, cereals, and chewing gum. Cinnamaldehyde and ethyl vanillin are also major compounds found in both essential oils derived from spices like cloves and cassia bark that have been shown to contribute to flavor and antioxidant activity in foods.
On the basis of region, the global cinnamic acid market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is anticipated to lead the cinnamic acid market in terms of revenue during the forecast period 2023-2028 with a share of 56%, followed by Europe (24%), Asia Pacific (14%), and lastly Middle East & Africa (12%). In 2018, the U.S., Canada, and Mexico are major contributors to demand the cinnamic acid market; whereas Germany has the highest application shares among European countries.
Factors such as the increased food and beverages industry along with the growing pharmaceuticals industry are expected to positively affect the Cinnamic Acid Market over the forecast period of 2021-2028. The supply chain expansion will also be a critical factor that is projected to drive market growth during this time span.
Cinnamaldehyde has been traditionally used in meat products like bacon and sausage due to its distinctive flavor profile which can compete favorably against other spices or flavors when paired on foods being heated at high temperatures. It's also commonly found added into sauces, dressings, dips, marinades, etc., for their savory taste alongside providing antimicrobial properties.
Up Market Research published a new report titled “Cinnamic Acid Market research report which is segmented by Types (Industrial-Grade, Pharmaceutical-Grade, Food-Grade), By Applications (Industry, Pharmaceutical Industry, Food, Others), By Players/Companies BASF, Guangzhou Shiny, DSM, Kay Fries, Bayer”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
|Report Attributes||Report Details|
|Report Title||Cinnamic Acid Market Research Report|
|By Type||Industrial-Grade, Pharmaceutical-Grade, Food-Grade|
|By Application||Industry, Pharmaceutical Industry, Food, Others|
|By Companies||BASF, Guangzhou Shiny, DSM, Kay Fries, Bayer|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||234|
|Number of Tables & Figures||164|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Industrial-Grade, Pharmaceutical-Grade, Food-Grade and By Application Industry, Pharmaceutical Industry, Food, Others.
Some of the companies that are profiled in this report are:
Cinnamic Acid Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Cinnamic Acid Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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