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Syringaldehyde Market Size

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

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Syringaldehyde Market Size

Syringaldehyde Market size was valued at around USD 6.8 billion in 2022 and is anticipated to grow at a CAGR of 6.4% between 2023 and 2032. Syringaldehyde's potential medicinal properties, such as antioxidant and anti-inflammatory effects, make it interesting for research and potential pharmaceutical applications. The demand for natural compounds with health benefits drives interest in syringaldehyde.

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Syringaldehyde is used as a flavor and fragrance compound, contributing smoky, vanilla-like, or sweet aromas to various products. The demand for natural and unique flavors in foods, beverages, and personal care products drives its use in this industry.

Syringaldehyde Market Report Attributes
Report Attribute	Details
Base Year:	2022
Syringaldehyde Market Size in 2022:	USD 6.8 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	6.4%
2032 Value Projection:	USD 12.7 Billion
Historical Data for:	2018 to 2022
No. of Pages:	120
Tables, Charts & Figures:	137
Segments covered:	Application, Distribution Channel, Region
Growth Drivers:	Growing flavour industry Growing pharmaceutical industry Growing cosmetics industry
Pitfalls & Challenges:	Limited Natural Sources Extraction Complexity Competition with Synthetic Alternatives

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Syringaldehyde is primarily derived from natural sources such as lignin or plant materials. Limited availability of these sources and variations in yield can affect consistent and scalable production. Extracting syringaldehyde from lignin or plant materials can be complex and require specialized processes, which may lead to higher production costs. Syringaldehyde competes with synthetic alternatives that may offer similar properties. Thus, the risks associated with Syringaldehyde may drive down the acceptance rate, further hampering the business growth.

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.