DUBLIN--(BUSINESS WIRE)--The "Cinnamaldehyde Market by Source, by Application and by Geography - Global Market Size, Share, Development, Growth, and Demand Forecast, 2013-2023" report has been added to ResearchAndMarkets.com's offering.
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.
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.
Key Topics Covered:
1. Research Background
2. Research Methodology
3. Executive Summary
5. Global Market Size and Forecast
6. North America Market Size and Forecast
7. Europe Market Size and Forecast
8. Asia-Pacific Market Size and Forecast
9. RoW Market Size and Forecast
10. Company Profiles & Benchmarking
- 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.
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