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Syringaldehyde Market Analysis

Report ID: GMI6518
Published Date: Aug 2023
Report Format: PDF

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Syringaldehyde Market Analysis

Syringaldehyde Market Size, By Application,

Based on application, the syringaldehyde market is segmented as food and beverage, flavor and fragrance, chemical intermediates, pharmaceuticals, cosmetics and personal care, others. Food and Beverage held a majority market value of USD 2.4 billion in 2022. Syringaldehyde's ability to impart distinct flavors and aromas to food and beverages drives its use in creating innovative and differentiated products. Moreover, an increasing usage will further accelerate the segmental growth.

Syringaldehyde Market Revenue Share, By Distribution Channel,

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Based on distribution channel, the syringaldehyde market is segmented as direct sales, distributors/wholesalers, online retail. Direct sales held a dominant market share of around 47% in 2022 and is expected to grow at a lucrative pace till 2032. Direct sales and B2B distribution are driven by the demand for syringaldehyde in industrial applications, such as flavors and fragrances, where bulk quantities are required.

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U.S. dominated the North American region with majority market share and a revenue of USD 1.4 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032. North America has a vibrant food and beverage industry, and syringaldehyde's unique aromatic properties contribute to the creation of innovative flavors and fragrances.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for syringaldehyde value was around USD 6.8 billion in 2022 and will reach USD 12.7 billion by the end of 2032.

Food & Beverage segment accounted for USD 2.4 billion in market revenue in 2022 and will grow significantly due to the product’s ability to impart distinct flavors and aromas to food and beverages, favoring its use in creating innovative and differentiated products.

U.S. syringaldehyde size was around USD 1.4 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032 owing to the country’s booming food & beverage industry with vibrant offerings, and syringaldehyde's unique aromatic properties.

Emerald Kalama Chemical, Alfa Chemistry, Penta Manufacturing Company, Sigma-Aldrich Corporation (now part of MilliporeSigma), TCI Chemicalsm, Spectrum Chemicals & Laboratory Products, Santa Cruz Biotechnology, Acros Organics, Apollo Scientific Ltd., Chemieliva Pharmaceutical Co., Ltd., Clearsynth, LGC Standards, J&K Scientific, Tokyo Chemical Industry Co., Ltd., Oakwood Chemical among others.