Global Trans-cinnamic Acid Market 2018-2022

Overview of the global trans-cinnamic acid market

Trans-cinnamic acid is not only used as a flavoring agent for bakery goods, confectionaries, beverages, and toothpaste but also as a precursor for esters to develop fragrances. Manufacturers extensively use trans-cinnamic acid to impart fragrance in air fresheners, soaps, and cosmetics. It is also used in mouthwash, chewing gums, and perfumes. Manufacturers of toiletries and household products increasingly rely on trans-cinnamic acid to impart fragrances. The growing demand for aroma chemicals in manufacturing medicines will further trigger the demand for trans-cinnamic acid. Technavio’s market research report identifies that the rapid expansion of flavors and fragrance industry will be one of the primary growth drivers for the global trans-cinnamic acid market till 2022. Technavio’s market research analysts predict that this market will grow at a CAGR of more than 6% by 2022.

Manufacturers extensively add flavors in products such as lipsticks, cosmetic products, and oral hygiene products. The rising demand for flavor blends from the cosmetic industry is identified as one of the key trends that will gain traction in the trans-cinnamic acid market. Vendors are investing more in their production capability and distribution network and focusing on attracting more customers by using flavoring agents in cosmetic products. This in turn, will boost the demand for flavoring agents such as trans-cinnamic acid.

Companies covered

The trans-cinnamic acid market appears to be highly concentrated. The industry research report provides a comprehensive analysis of the market’s competitive landscape and the growth prospects for the vendors in the cinnamic acid market. Additionally, the report provides information about the strategies adopted by companies to enhance their revenue shares in this competitive market.

This research report provides an an analysis of the various companies in this market including –

• BOC Sciences    
• Capot Chemical
• Ivy Fine Chemicals          
• Merck  
• Tokyo Chemical Industry              

Segmentation by application and analysis of the trans-cinnamic acid market

• Flavors
• Dyes and coatings
• Pharmaceuticals
• Reagents

The trans-cinnamic acid market is witnessing maximum growth in the flavors segment. This attributes to the extensive use of trans-cinnamic acid as a flavoring agent in several products including beverages and bakery goods.

Segmentation by geography and analysis of the trans-cinnamic acid market

• Americas
• APAC
• EMEA

In terms of geography, APAC accounted for the major shares of the trans-cinnamic acid market during 2017. Our anaysts have predicted that this region will continue to account for the maximum share of this cinnamic acid market throughout the predicted period as well.

Key questions answered in the report include

• What will the market size and the growth rate be in 2022?
• What are the key factors driving the global trans-cinnamic acid market?
• What are the key market trends impacting the growth of the global trans-cinnamic acid market?
• What are the challenges to market growth?
• Who are the key vendors in the global trans-cinnamic acid market?
• What are the market opportunities and threats faced by the vendors in the global trans-cinnamic acid market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global trans-cinnamic acid market?

Technavio also offers customization on reports based on specific client requirement.