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Global Cinnamic Acid Market by Type (Industrial-Grade, Pharmaceutical-Grade, Food-Grade), By Application (Industry, Pharmaceutical Industry, Food, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: CM-159
  • Author: Up Market Research
  • Rating: 4.9
  • Total Reviews: 82
  • No. Of Pages: 234
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  • Pub. Date: 2021-03-01
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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.

Pharmaceutical Industry

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.

Growth Factors

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 Scope

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
Base Year 2020
Historical Year 2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year 2028
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.

Global Cinnamic Acid Industry Outlook

Global Cinnamic Acid Market Report Segments:

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:

  1. BASF
  2. Guangzhou Shiny
  3. DSM
  4. Kay Fries
  5. Bayer

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.


Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Cinnamic Acid Market

Overview of the regional outlook of the Cinnamic Acid Market:

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.

Cinnamic Acid Market Overview

Highlights of The Cinnamic Acid Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Cinnamic Acid Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
  6. By Type:

                1. Industrial-Grade

                2. Pharmaceutical-Grade

                3. Food-Grade

       7. By Application:

                1. Industry

                2. Pharmaceutical Industry

                3. Food

                4. Others

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

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.


How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Cinnamic Acid Market Statistics

Reasons to Purchase the Cinnamic Acid Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cinnamic Acid Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Cinnamic Acid Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Cinnamic Acid Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Cinnamic Acid Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Cinnamic Acid Market Size & Forecast, 2018-2028 
      4.5.1 Cinnamic Acid Market Size and Y-o-Y Growth 
      4.5.2 Cinnamic Acid Market Absolute $ Opportunity 

Chapter 5 Global Cinnamic Acid Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2 Cinnamic Acid Market Size Forecast by Type
      5.2.1 Industrial-Grade
      5.2.2 Pharmaceutical-Grade
      5.2.3 Food-Grade
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global Cinnamic Acid Market Analysis and Forecast by Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Applications
      6.1.2 Basis Point Share (BPS) Analysis by Applications
      6.1.3 Absolute $ Opportunity Assessment by Applications
   6.2 Cinnamic Acid Market Size Forecast by Applications
      6.2.1 Industry
      6.2.2 Pharmaceutical Industry
      6.2.3 Food
      6.2.4 Others
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Cinnamic Acid Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Cinnamic Acid Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Cinnamic Acid Analysis and Forecast
   9.1 Introduction
   9.2 North America Cinnamic Acid Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Cinnamic Acid Market Size Forecast by Type
      9.6.1 Industrial-Grade
      9.6.2 Pharmaceutical-Grade
      9.6.3 Food-Grade
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America Cinnamic Acid Market Size Forecast by Applications
      9.10.1 Industry
      9.10.2 Pharmaceutical Industry
      9.10.3 Food
      9.10.4 Others
   9.11 Basis Point Share (BPS) Analysis by Applications 
   9.12 Absolute $ Opportunity Assessment by Applications 
   9.13 Market Attractiveness Analysis by Applications

Chapter 10 Europe Cinnamic Acid Analysis and Forecast
   10.1 Introduction
   10.2 Europe Cinnamic Acid Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Cinnamic Acid Market Size Forecast by Type
      10.6.1 Industrial-Grade
      10.6.2 Pharmaceutical-Grade
      10.6.3 Food-Grade
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe Cinnamic Acid Market Size Forecast by Applications
      10.10.1 Industry
      10.10.2 Pharmaceutical Industry
      10.10.3 Food
      10.10.4 Others
   10.11 Basis Point Share (BPS) Analysis by Applications 
   10.12 Absolute $ Opportunity Assessment by Applications 
   10.13 Market Attractiveness Analysis by Applications

Chapter 11 Asia Pacific Cinnamic Acid Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Cinnamic Acid Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Cinnamic Acid Market Size Forecast by Type
      11.6.1 Industrial-Grade
      11.6.2 Pharmaceutical-Grade
      11.6.3 Food-Grade
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific Cinnamic Acid Market Size Forecast by Applications
      11.10.1 Industry
      11.10.2 Pharmaceutical Industry
      11.10.3 Food
      11.10.4 Others
   11.11 Basis Point Share (BPS) Analysis by Applications 
   11.12 Absolute $ Opportunity Assessment by Applications 
   11.13 Market Attractiveness Analysis by Applications

Chapter 12 Latin America Cinnamic Acid Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Cinnamic Acid Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Cinnamic Acid Market Size Forecast by Type
      12.6.1 Industrial-Grade
      12.6.2 Pharmaceutical-Grade
      12.6.3 Food-Grade
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America Cinnamic Acid Market Size Forecast by Applications
      12.10.1 Industry
      12.10.2 Pharmaceutical Industry
      12.10.3 Food
      12.10.4 Others
   12.11 Basis Point Share (BPS) Analysis by Applications 
   12.12 Absolute $ Opportunity Assessment by Applications 
   12.13 Market Attractiveness Analysis by Applications

Chapter 13 Middle East & Africa (MEA) Cinnamic Acid Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Cinnamic Acid Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Cinnamic Acid Market Size Forecast by Type
      13.6.1 Industrial-Grade
      13.6.2 Pharmaceutical-Grade
      13.6.3 Food-Grade
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA) Cinnamic Acid Market Size Forecast by Applications
      13.10.1 Industry
      13.10.2 Pharmaceutical Industry
      13.10.3 Food
      13.10.4 Others
   13.11 Basis Point Share (BPS) Analysis by Applications 
   13.12 Absolute $ Opportunity Assessment by Applications 
   13.13 Market Attractiveness Analysis by Applications

Chapter 14 Competition Landscape 
   14.1 Cinnamic Acid Market: Competitive Dashboard
   14.2 Global Cinnamic Acid Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 BASF
      14.3.2 Guangzhou Shiny
      14.3.3 DSM
      14.3.4 Kay Fries
      14.3.5 Bayer
Segments Covered in the Report
The global Cinnamic Acid market has been segmented based on

By Types
  • Industrial-Grade
  • Pharmaceutical-Grade
  • Food-Grade
By Applications
  • Industry
  • Pharmaceutical Industry
  • Food
  • Others
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • BASF
  • Guangzhou Shiny
  • DSM
  • Kay Fries
  • Bayer

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