Methyl Cinnamate Market Size (2024 – 2030)

The Global Methyl Cinnamate Market was valued at USD 348.95 Million and is projected to reach a market size of USD 497.5 Million by the end of 2030. Over the outlook period of 2024-2030, the market is anticipated to grow at a CAGR of 5.2%.

Methyl cinnamate is a key chemical compound commonly used in the fragrance and flavor industry, contributing to the sweet, fruity, and balsamic notes found in various scents and food products. The global methyl cinnamate market has seen consistent growth, primarily driven by the demand for flavors and fragrances in the food and beverage, cosmetics, and personal care sectors. Its versatile application in products like perfumes, colognes, and confectionery items has positioned it as a valuable ingredient. The market is also influenced by increasing consumer preferences for natural and organic products, leading to a growing interest in naturally sourced methyl cinnamate. Factors such as the availability and cost of raw materials, as well as regulatory considerations, play a significant role in shaping the industry. As the demand for unique and appealing fragrances and flavors continues to rise, the methyl cinnamate market is expected to maintain steady growth and innovation in the years ahead.

Key Market Insights:

In a recent publication in the journal MDPI Catalysts, researchers have outlined an exceptionally efficient process for producing cinnamamides from methyl cinnamates and phenylethylamines. This reaction is facilitated by Lipozyme TL IM within continuous-flow microreactors. Cinnamamides belong to a category of compounds that have been integrated into various synthetic substances with promising therapeutic potential, including neuroprotective, anti-microbial, anti-tyrosinase, and anti-inflammatory properties.

Methyl cinnamate serves as a foundational component in the creation of various compounds. For instance, an article featured in the Springer journal details a technique for manufacturing methyl cinnamate using deep eutectic solvents as catalysts. Furthermore, this compound finds applications in the production of spices and cosmetics, highlighting its versatility and widespread utility in various industries.

Methyl Cinnamate Market Drivers:

A major factor in increasing the growth of Methyl Cinnamate is the growing demand for flavors and fragrances.

The increasing consumer preference for enhanced sensory experiences in food, beverages, cosmetics, and personal care products has driven the demand for methyl cinnamate. Its sweet, fruity, and balsamic aroma contributes to the development of appealing scents and flavors. As the global population becomes more affluent and focused on indulgent and diverse tastes and fragrances, the demand for methyl cinnamate as a key ingredient in these products continues to rise.

Rising Interest in Natural and Organic products globally is increasing the demand for Methyl Cinnamate.

Consumers are increasingly seeking natural and organic ingredients in the products they use, including fragrances and flavors. Methyl cinnamate can be derived from natural sources such as cinnamon and strawberries, aligning with the trend for clean-label and natural products. This has spurred the development of methyl cinnamate derived from natural sources, catering to the demand for more sustainable and environmentally friendly options in the market.

Methyl Cinnamate Market Restraints and Challenges:

The cost and availability of raw materials associated with Methyl Cinnamate could prove to be a hindrance to the growth of this market.

Methyl cinnamate is often sourced from natural materials like cinnamon and strawberries. Fluctuations in the availability and cost of these raw materials can impact the production of methyl cinnamate. Weather conditions, crop yields, and other factors can lead to variations in the availability and price of these natural sources, affecting the cost and stability of the methyl cinnamate supply chain.

Regulatory compliance and safety concerns of chemical compounds like Methyl Cinnamate could be challenging for businesses in this market.

Methyl cinnamate, like many chemical compounds used in fragrances and flavors, is subject to regulatory oversight and safety considerations. Compliance with stringent regulations and safety standards can be a challenge for manufacturers, as changes in regulations or safety assessments may impact the formulation and use of methyl cinnamate in products. Navigating these regulatory requirements while ensuring product safety is a continuous challenge for businesses in the methyl cinnamate market.

Methyl Cinnamate Market Opportunities:

The methyl cinnamate market presents exciting opportunities, primarily driven by the increasing popularity of natural and organic products. With growing consumer awareness and demand for cleaner labels and environmentally friendly ingredients, there is a significant opportunity to expand the market by developing and promoting natural and sustainably sourced methyl cinnamate. As emerging markets and industries like personal care and aromatherapy continue to grow, the demand for this versatile compound in fragrances and flavors is poised for expansion, offering a promising landscape for innovation and market growth.

METHYL CINNAMATE MARKET REPORT COVERAGE:

Methyl Cinnamate Market Segmentation: By Source Type

• Natural

• Synthetic

The largest segment by source type in the methyl cinnamate market is the synthetic methyl cinnamate having a market share of 84%. This is primarily due to the consistency and cost-effectiveness of synthetic production. Synthetic methyl cinnamate can be manufactured at scale, ensuring a stable and more predictable supply chain, which is crucial for industries like food, beverage, and cosmetics, where consistent quality and pricing are essential. The synthetic production process allows for fine-tuning of the compound's properties, meeting the specific requirements of different applications and industries. While natural methyl cinnamate is valued for its organic and clean label appeal, synthetic methyl cinnamate dominates the market due to its reliability and economic advantages.

The fastest-growing segment is the Natural Methyl Cinnamate growing at a CAGR of 22%. This growth is primarily driven by the increasing consumer demand for natural and organic products. Natural methyl cinnamate, derived from sources like cinnamon and strawberries, aligns with the trend for clean-label and sustainable ingredients in various industries, including food, cosmetics, and personal care. As consumers seek healthier and more environmentally friendly options, the demand for natural methyl cinnamate will surge.

Methyl Cinnamate Market Segmentation: By End-User

• Flavor and Fragrance Industry

• Food and Beverage Industry

• Pharmaceutical Industry

• Chemical Industry

• Cosmetics and Personal Care Industry

• Others

The largest segment by end user for methyl cinnamate is the Flavor and Fragrance Industry which has a market share of 41%. This is primarily due to its widespread use as a key ingredient in the formulation of fragrances and flavorings, where it imparts a distinctive sweet, fruity, and spicy note reminiscent of cinnamon. The demand is driven by consumer preferences for scented products, ranging from perfumes and colognes to various food and beverage items.

The fastest-growing segment is also the Flavor and Fragrance Industry growing at a CAGR of 18.9%. This growth is primarily driven by increasing consumer demand for natural and exotic flavors and fragrances in various products, such as perfumes, cosmetics, and food. Methyl cinnamate's sweet and fruity scent, reminiscent of cinnamon, made it a popular choice for formulators aiming to create unique and appealing sensory experiences. Additionally, the trend towards natural and clean-label ingredients in the food and cosmetics industry has boosted the demand for naturally derived compounds like methyl cinnamate, as it aligns with consumer preferences for authentic and recognizable ingredients.

Methyl Cinnamate Market Segmentation: Regional Analysis

• North America

• Asia- Pacific

• Europe

• South America

• Middle East and Africa

The largest segment by region for the methyl cinnamate market is Asia-Pacific having a revenue share of 37%, due to the robust growth of the flavor and fragrance industry in the region, driven by a rising middle-class population, increasing disposable income, and changing consumer preferences. The expanding food and beverage industry in countries like China and India, coupled with a growing demand for natural and exotic flavors, has contributed to the dominance of the Asia-Pacific region in the methyl cinnamate market.

The fastest-growing segment is North America growing at a CAGR of 19%. The growth in North America is driven by an increasing consumer preference for natural and organic products, leading to a higher demand for natural flavor and fragrance compounds like methyl cinnamate. The region's strong presence in the food and beverage industry, particularly in the United States, and the growing popularity of clean-label products contributed to the rapid expansion of the market.

COVID-19 Impact Analysis on the Global Methyl Cinnamate Market:

The COVID-19 pandemic had more of a negative impact on the global methyl cinnamate market. While the market initially faced disruptions in the supply chain due to lockdowns and restrictions, it later saw increased demand, particularly in the fragrance and food sectors, as consumers spent more time at home and sought comfort through scented products and indulgent food items. The pandemic accelerated the shift toward natural and clean-label products, driving growth in methyl cinnamate applications. However, uncertainties in the supply chain and fluctuations in raw material prices continued to pose challenges for the market during the pandemic.

Latest Trends/ Developments:

A significant trend in the market is the increasing consumer demand for natural and clean-label products. This has led to a shift towards using natural ingredients, including methyl cinnamate, in food, fragrances, and cosmetics. Manufacturers are reformulating their products to replace synthetic additives with natural alternatives to meet consumer preferences for authenticity and health-conscious choices. This trend has created opportunities for suppliers of natural methyl cinnamate derived from sources like cinnamon bark.

Companies operating in the methyl cinnamate market are constantly innovating to create new and unique applications for this compound. They are exploring novel formulations and uses in the fragrance industry, as well as in the development of new food and beverage products. By diversifying their product offerings and exploring innovative uses, companies aim to stay competitive and capture new market segments. For example, methyl cinnamate may be blended with other fragrance compounds to create distinctive scents, or it may be used in fusion cuisine to provide unique flavors in the food industry.

Key Players:

1. Emerald Kalama Chemical

2. Kao Corporation

3. Vigon International

4. BASF SE

5. Hindustan Mint & Agro Products

6. BOC Sciences

7. Elixens America, Inc.

8. Zhuhai Jiacheng Bio-Tech Co., Ltd.

9. Triveni Interchem Pvt. Ltd.

10. Arora Aromatics Pvt. Ltd.