Market Overview:
The global trans-cinnamic acid market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for flavors, pharmaceuticals, food additives, and organic synthesis. Additionally, rising awareness about the benefits of trans-cinnamic acid is also contributing to the growth of this market.
Product Definition:
Trans-Cinnamic Acid is an organic compound that is used in the food and beverage industry. It has a sweet, floral flavor and is used to add flavor to various products.
PurityAbove 98%:
Purity Above 98% (PA98%) is a special type of trans-cinnamic acid, which has more than 98.0% of the content of cannabidiol (CBD) in it. It is manufactured by chemical synthesis and purification process with the help of high-performance liquid chromatography (HPLC), which separation efficiency is almost 100%.
PurityAbove 99%:
Purity Above 99% (PA99%) is a special type of purity that indicates the level of purity which can be 99.5% or more. It is used in trans-cinnamic acid production process to produce quinine, cinnamaldehyde, and other related chemicals.
Application Insights:
The food additives segment held the largest market share in 2017. The application of TCA is becoming popular as it helps enhance the nutritional content and taste of food products. It is used as a preservative, antioxidant, and flavoring agent in various processed foods such as cereals, snacks, dairy products, meat & poultry items on account of its health benefits and low toxicity to human body.
The pharmaceuticals segment is expected to witness significant growth over the forecast period owing to its rising applications in medicines for treatment purposes including anxiety disorders like panic disorder & agoraphobia along with other diseases such as cancer cell proliferation inhibition activity that has led to increased product demand globally.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is anticipated to witness a significant CAGR over the forecast period. The region has been witnessing strong economic growth on account of increasing foreign investments coupled with rising exports and domestic demand for food additives, flavors, pharmaceuticals, and other organic chemicals.
China emerged as a key exporter of trans-cinnamic acid in 2017 owing to technological advancements such as automation at cinnamyl factories followed by Japan. China also exports these products to India where they are sold under various brand names such as CinnaBunyi or Eroxil among others. Europe accounted for more than 20% share of global volume in 2017 due to high demand from end-use industries including flavors & fragrances, pharmaceuticals, nutraceuticals along with animal feed manufacturers are expected drive the regional market further.
Growth Factors:
- Increasing demand for Trans-Cinnamic Acid in various end-use industries such as pharmaceuticals, agrochemicals, and flavors & fragrances is expected to drive the market growth.
- Growing awareness about the benefits of Trans-Cinnamic Acid is anticipated to fuel its demand in the near future.
- Rising research and development activities for new applications of Trans-Cinnamic Acid is projected to create new opportunities for market growth over the forecast period.
- Increasing investments by key players in manufacturing facilities is likely to boost the production of Trans-Cinnamic Acid, which will subsequently propel market growth during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Trans-Cinnamic Acid Market Research Report
By Type
PurityAbove 98%, PurityAbove 99%, PurityAbove 99.5%, Others
By Application
Flavors, Pharmaceuticals, Food Additives, Organic Synthesis, Others
By Companies
BestAroma Biotech, Elan Chemical Company, Omega Ingredients, Wuhan Organic Material, Juhua Group, BestAroma Biotech
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
135
Number of Tables & Figures
95
Customization Available
Yes, the report can be customized as per your need.
Global Trans-Cinnamic Acid Market Report Segments:
The global Trans-Cinnamic Acid market is segmented on the basis of:
Types
PurityAbove 98%, PurityAbove 99%, PurityAbove 99.5%, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Flavors, Pharmaceuticals, Food Additives, Organic Synthesis, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BestAroma Biotech
- Elan Chemical Company
- Omega Ingredients
- Wuhan Organic Material
- Juhua Group
- BestAroma Biotech
Highlights of The Trans-Cinnamic Acid Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- PurityAbove 98%
- PurityAbove 99%
- PurityAbove 99.5%
- Others
- By Application:
- Flavors
- Pharmaceuticals
- Food Additives
- Organic Synthesis
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Trans-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 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Trans-cinnamic acid is a molecule that contains both carbon and nitrogen atoms. It is found in many plants, including coffee beans, and it has been linked to health benefits such as reducing the risk of heart disease.
Some of the key players operating in the trans-cinnamic acid market are BestAroma Biotech, Elan Chemical Company, Omega Ingredients, Wuhan Organic Material, Juhua Group, BestAroma Biotech.
The trans-cinnamic acid market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Trans-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 Trans-Cinnamic Acid Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Trans-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 Trans-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 Trans-Cinnamic Acid Market Size & Forecast, 2018-2028
4.5.1 Trans-Cinnamic Acid Market Size and Y-o-Y Growth
4.5.2 Trans-Cinnamic Acid Market Absolute $ Opportunity
Chapter 5 Global Trans-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 Trans-Cinnamic Acid Market Size Forecast by Type
5.2.1 PurityAbove 98%
5.2.2 PurityAbove 99%
5.2.3 PurityAbove 99.5%
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Trans-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 Trans-Cinnamic Acid Market Size Forecast by Applications
6.2.1 Flavors
6.2.2 Pharmaceuticals
6.2.3 Food Additives
6.2.4 Organic Synthesis
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Trans-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 Trans-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 Trans-Cinnamic Acid Analysis and Forecast
9.1 Introduction
9.2 North America Trans-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 Trans-Cinnamic Acid Market Size Forecast by Type
9.6.1 PurityAbove 98%
9.6.2 PurityAbove 99%
9.6.3 PurityAbove 99.5%
9.6.4 Others
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 Trans-Cinnamic Acid Market Size Forecast by Applications
9.10.1 Flavors
9.10.2 Pharmaceuticals
9.10.3 Food Additives
9.10.4 Organic Synthesis
9.10.5 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 Trans-Cinnamic Acid Analysis and Forecast
10.1 Introduction
10.2 Europe Trans-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 Trans-Cinnamic Acid Market Size Forecast by Type
10.6.1 PurityAbove 98%
10.6.2 PurityAbove 99%
10.6.3 PurityAbove 99.5%
10.6.4 Others
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 Trans-Cinnamic Acid Market Size Forecast by Applications
10.10.1 Flavors
10.10.2 Pharmaceuticals
10.10.3 Food Additives
10.10.4 Organic Synthesis
10.10.5 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 Trans-Cinnamic Acid Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Trans-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 Trans-Cinnamic Acid Market Size Forecast by Type
11.6.1 PurityAbove 98%
11.6.2 PurityAbove 99%
11.6.3 PurityAbove 99.5%
11.6.4 Others
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 Trans-Cinnamic Acid Market Size Forecast by Applications
11.10.1 Flavors
11.10.2 Pharmaceuticals
11.10.3 Food Additives
11.10.4 Organic Synthesis
11.10.5 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 Trans-Cinnamic Acid Analysis and Forecast
12.1 Introduction
12.2 Latin America Trans-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 Trans-Cinnamic Acid Market Size Forecast by Type
12.6.1 PurityAbove 98%
12.6.2 PurityAbove 99%
12.6.3 PurityAbove 99.5%
12.6.4 Others
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 Trans-Cinnamic Acid Market Size Forecast by Applications
12.10.1 Flavors
12.10.2 Pharmaceuticals
12.10.3 Food Additives
12.10.4 Organic Synthesis
12.10.5 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) Trans-Cinnamic Acid Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Trans-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) Trans-Cinnamic Acid Market Size Forecast by Type
13.6.1 PurityAbove 98%
13.6.2 PurityAbove 99%
13.6.3 PurityAbove 99.5%
13.6.4 Others
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) Trans-Cinnamic Acid Market Size Forecast by Applications
13.10.1 Flavors
13.10.2 Pharmaceuticals
13.10.3 Food Additives
13.10.4 Organic Synthesis
13.10.5 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 Trans-Cinnamic Acid Market: Competitive Dashboard
14.2 Global Trans-Cinnamic Acid Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BestAroma Biotech
14.3.2 Elan Chemical Company
14.3.3 Omega Ingredients
14.3.4 Wuhan Organic Material
14.3.5 Juhua Group
14.3.6 BestAroma Biotech
