Trans-Cinnamic Acid is used in the manufacturing of flavors, dyes, and pharmaceuticals; however, its primary use is to produce its methyl, ethyl, and benzyl esters. These esters are essential components of perfumes. It is not only used as a flavoring agent for bakery goods, confectionaries, beverages, and toothpaste but also as a precursor forester to develop fragrances. Manufacturers use trans-cinnamic acid to impart fragrance in air fresheners, soaps, and cosmetics. Also, it is used in mouthwash, chewing gums, and perfumes.
MARKET DYNAMICS
The trans-cinnamic acid market has witnessed a significant growth owing to factors such as health issues and pollution due to synthetic dye. Moreover, the continuous R&D to prepare indigo dye which is less hazardous to health provides a huge market opportunity for the key players operating in the trans-cinnamic acid market. However, presence of synthetic indigo dye has resulted in declining use of natural dye in the textile industry.
MARKET SCOPE
The "Global Trans-Cinnamic Acid Market Analysis to 2028" 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 type, 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 type and application. On the basis of type, the global trans-cinnamic acid market is divided into purity 98%, purity 99% , purity 99.5% and others. On the basis of application, the global trans-cinnamic acid market is divided 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 marketsize and forecast estimates from the year 2020to 2028 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 marketduring 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 marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of marketplayers. The marketpayers from trans-cinnamic acid market is anticipated to lucrative growth opportunities in the future with the rising demand for trans-cinnamic acid 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 marketstrategies 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.
- BestAroma Biotech
- BOC Sciences
- Capot Chemical
- Elan Chemical Company
- Ivy Fine Chemicals
- Juhua Group
- Merck
- Omega Ingredients
- Tokyo Chemical Industry
- Wuhan Organic Material
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.