Trans-Cinnamic Market Size, Share, Growth, Trends, and Forecast by 2031

MARKET INTRODUCTION

Cinnamic acid exists as trans and cis isomers; however, the trans form is abundantly found in nature and is considered as the article of commerce. It is also the widely used derivative of cinnamic acid. It is majorly obtained from cinnamon bark and balsam resins, such as storax. Trans-cinnamic acid is highly exploited in the manufacture of dyes, flavors, and pharmaceuticals. In addition to this, it also finds applications in the production of its ethyl, methyl, and benzyl esters. These esters are vital components of perfumes.

MARKET DYNAMICS

The medicinal applications of trans-cinnamic acid are primarily fueling the market demand. The developing countries such as China, India, Brazil, and others are intended as the major market for trans-cinnamic acid. This is due to the increase in the number of patients suffering from malaria and tuberculosis, especially in rural areas. Hence, the demand for trans-cinnamic acid is augmenting in these countries. The trans-cinnamic acid market is also propelled by its application in the cosmetic industry. The demand for skincare products across developed countries such as the U.S., U.K, and other European countries is increasing considerably. This will act as a catalyst for the market growth of trans-cinnamic acid.

MARKET SCOPE

The "Global Trans-Cinnamic Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the trans-cinnamic acid market with detailed market segmentation by application and geography. The global trans-cinnamic acid market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading trans-cinnamic acid market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global trans-cinnamic acid market is segmented on the basis of application. On the basis of application, market is segmented into flavors, pharmaceuticals, food additives, organic synthesis, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global trans-cinnamic acid market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The trans-cinnamic acid market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the trans-cinnamic acid market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the trans-cinnamic acid market in these regions.

MARKET PLAYERS

The reports cover key developments in the trans-cinnamic acid market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from trans-cinnamic acid market are anticipated to lucrative growth opportunities in the future with the rising demand for organic shrimps in the global market. Below mentioned is the list of few companies engaged in the trans-cinnamic acid market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the trans-cinnamic acid market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Aroma Biotech
  
•   BOC Sciences
  
•   Capot Chemical Co., Ltd
  
•   Elan Chemical
  
•   Ivy Fine Chemicals
  
•   Juhua Group
  
•   Merck KGaA
  
•   Omega Ingredients Limited
  
•   Tokyo Chemical Industry
  
•   Yingcheng Wuhan Organic Material Co., Ltd
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Trans-Cinnamic Report Scope