"Market Intelligence that Adds Flavour to Your Success"

Cinnamon Market Size, Share & Industry Analysis, By Type (Ceylon Cinnamon, Saigon Cinnamon, Cassia Cinnamon, Korintje Cinnamon, Others), By Form (Quills, Chips, Powder, Oil, Others), By Application (Essential Oils & Aroma Therapy, Beverages, Bakery, Other Processed Foods, Pharmaceutical, Cosmetics) and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI101925 | Status : Ongoing

 

KEY MARKET INSIGHTS

Cinnamon is used as a flavouring agent in a variety of cuisines. It is a spice obtained from the bark of trees from a genus Cinnamomum. The growth of the global cinnamon market is fuelled by rising awareness of health benefits associated with cinnamon in lowering blood glucose and cholesterol levels. Cinnamon is an integral part of Asian and Middle Eastern cuisines.


The consumption of cinnamon is gaining importance as various studies have proved its capability in reducing fasting glucose levels in type II diabetic patients. The pharmaceutical companies are focusing on developing cinnamon based formulations as cinnamon has anti-inflammatory, anti-bacterial, anti-fungal and, anti-carcinogenic properties.

The manufacturers are focusing on developing innovative products to cater to the growing demand for cinnamon across the globe. For instance, in September 2019, Cinnamon Hill Ltd. launched cinnamon capsules that contain organic Ceylon cinnamon powder.

Key Market Driver -

Robust Market Sentiments for Spices and Condiments

Key Market Restraint -

Fluctuating Prices of Cinnamon on Account of Factors Affecting on its Harvest


The growth of spices and condiments market is primarily driving the global cinnamon market. The rising demand for spices such as cinnamon in essential oils and aromatherapy is expected to fuel the growth of the market. The demand for cinnamon is also increasing in the bakery industry. The increasing awareness of the health benefits of cinnamon such as lowering blood glucose levels is expected to drive the market growth among insulin sensitive and type II diabetic consumers across the globe. The anti-microbial property of cinnamon is expected to increase the demand among the pharmaceutical and cosmetic industry.

The fluctuation in prices of cinnamon is expected to impede the growth of the market. Cinnamon is a rain-fed crop. The fluctuation in rainfall causes the rise in cinnamon prices. The long period between plantation and harvest is another reason for the higher prices of cinnamon

Key Players Covered:


The key players which operate in global cinnamon market are Pure Ceylon Cinnamon, Fuchs Group, ACH Food Companies, Inc., Biofoods Pvt. Ltd., Mc Cormick & Company, Inc., Sauer Brands, Inc., Elite Spice, Inc., HDDES Group, SDS Spices Pvt. Ltd., The Ceylon Spice Company Pvt. Ltd.

The cinnamon market is segmented by type, form, application, distribution channel, and geography. Based on type, the market is segmented into Ceylon cinnamon, Saigon cinnamon, Cassia cinnamon, Korintje cinnamon and others. The Ceylon cinnamon is expected to be one of the leading product types in the global market due to its high safety profile attributed to low levels of coumarin present in it.

Based on the form, the market is divided into cinnamon quills, cinnamon chips, cinnamon powder and cinnamon oil. The powdered form is expected to witness the highest growth owing to its easier availability and wide application.

Based on the application, the global cinnamon market includes essential oils & aromatherapy, beverages, bakery products, other processed foods, pharmaceuticals and cosmetics.

Regional Analysis:


To gain extensive insights into the market, Request for Customization


The global cinnamon market is segmented into North America, Europe, Asia Pacific, South America, Middle East and Africa. North America is expected to show the highest growth of the market, followed by Europe and the Asia Pacific. The increasing trend of using natural and organic products for health benefits and rising demand for cinnamon flavoured desserts and chocolates is expected to fuel the growth of the market in these regions.

Segmentation


























 ATTRIBUTE

 DETAILS

By Type



  • Ceylon Cinnamon

  • Saigon Cinnamon

  • Cassia Cinnamon

  • Korintje Cinnamon

  • Others



By Form



  • Quills

  • Chips

  • Powder

  • Oil

  • Others



By Application



  • Essential Oils & Aroma Therapy

  • Beverages

  • Bakery

  • Other Processed Foods

  • Pharmaceutical

  • Cosmetics



By Geography



  • North America (U.S., Canada, and Mexico)

  • Europe (France, Germany, Italy, Spain, U.K., Russia, and Rest of Europe)

  • Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)

  • South America (Brazil, Argentina, and Rest of South America)

  • Middle East & Africa (South Africa, UAE, and Rest of ME&A)



Key Industry Developments



  • In October 2017, Fuchs Group, Germany’s leading spices manufacturer, acquired UK based spices and herbs producer, The Bart Ingredients Co. Ltd.

  • In September 2019, Sri Lanka Export Development launched a new brand called ‘Ceylon Spice’ for production, processing and branding of Sri Lankan origin spices such as cinnamon.





  • Ongoing
  • 2023
  • 2019-2022

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Food & Beverages Clients

Kpmg
Nissin
Fuji film
Pont Europe
Owens

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X