South Korea Sodium Cinnamate Market was valued at USD 0.01 Billion in 2022 and is projected to reach USD 0.02 Billion by 2030, growing at a CAGR of 6.0% from 2024 to 2030.
The South Korea Sodium Cinnamate market has seen significant growth due to its rising demand across various industries. Sodium cinnamate is a versatile compound derived from cinnamic acid, and it plays a crucial role in industries such as food and beverages, cosmetics, and pharmaceuticals. As its applications increase, the market's requirements have evolved, reflecting both consumer preferences and technological advancements in production processes.
In the food and beverage industry, sodium cinnamate serves as a flavor enhancer and preservative. Its ability to impart a sweet, spicy taste makes it highly desirable for use in various products, including candies, baked goods, and beverages. The demand for natural and clean-label products has also boosted the need for sodium cinnamate, as consumers prefer ingredients that are naturally derived. This trend is pushing South Korean producers to develop sodium cinnamate through sustainable and eco-friendly methods, aligning with the increasing demand for plant-based and natural additives.
The cosmetics industry in South Korea has become another significant driver for sodium cinnamate usage. With South Korea being a global leader in beauty and skincare, the demand for high-quality, safe, and effective ingredients has grown substantially. Sodium cinnamate is used in skincare products for its antioxidant and anti-inflammatory properties, helping to enhance product efficacy. Additionally, its role as a stabilizer and preservative ensures longer shelf life, which is a key requirement in the fast-moving beauty sector.
Pharmaceutical companies are also recognizing the potential of sodium cinnamate in formulating drugs and supplements. Its antimicrobial properties are beneficial for enhancing the shelf life and potency of certain medications. The growing awareness of sodium cinnamate’s therapeutic benefits has led to its increasing incorporation into wellness products, with applications extending beyond just flavoring and preservation.
The market for sodium cinnamate in South Korea is poised for further expansion as more industries discover its broad range of benefits. As innovation continues to shape its production and use, the demand for high-quality sodium cinnamate is expected to increase in line with evolving consumer and industrial requirements.
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Capot
Unichemist
Huayuan Shengtai
INNOPHARMCHEM
Hubei Norna Technology
Shanghai Canbi Pharma
Hairui
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Sodium Cinnamate Market
Food and Beverage Industry
Pharmaceuticals
Cosmetics and Personal Care
Animal Feed Additives
Others (e.g., aromatherapy, cleaning agents)
Powder
Liquid
Granules
Others (e.g., emulsions)
Synthetic Sodium Cinnamate
Natural Sodium Cinnamate
Biotechnology-derived Sodium Cinnamate
Flavoring Agent
Preservative
Aromatic Compound
Antioxidant
Food Processing
Healthcare and Nutraceuticals
Personal Care Products
Agriculture
Others (e.g., pet products, cleaning supplies)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Sodium Cinnamate Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Sodium Cinnamate Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Sodium Cinnamate Market, By Type
6. South Korea Sodium Cinnamate Market, By Application
7. South Korea Sodium Cinnamate Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Sodium Cinnamate Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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