Views:4 Author:Site Editor Publish Time: 2021-06-21 Origin:Site
Cinnamic acid is an aromatic organic compound which has crystalline structure and is freely soluble in various organic solvents. Cinnamic acid has odor similar to that of honey which makes suitable as flavoring agent.
The major applications for cinnamic acid include synthetic indigo, flavoring agent and preparation of various esters, amides and cinnamoyl acids which find range of pharmaceutical uses especially in diseases like malaria and tuberculosis. The derivatives of cinnamic acid are used as main components in anti-oxidants, anti-diabetic and anti-cholesterolemic medicines.
The market for cinnamic acid is governed by its major application in perfume industry and as a flavoring agent which are in greater demand across Asia-pacific region. The other drivers for cinnamic acid include its derivative preparations which are mostly used in various medicinal preparations including that of tuberculosis and malaria which are predominant in developing countries like India and Brazil. Cinnamic acid’s application in skin care products (usually sun screen products) makes it grow across developed countries like the U.S and Western Europe as these countries are major consumers of cosmetic industry across globe.
Fragrance/perfume industry has been driving this market over the past few years, and is estimated to grow at the highest growth rate amongst all other application segments during the forecast period. Asia Pacific region projects immense opportunities for this market as the region anticipates rapid growth in the cosmetics and fragrance/perfumes industries over the coming years.
The global Cinnamic Acid market size is projected to rise at a considerable rate during the forecast period, between 2020 and 2026. In 2020, the market was growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.