Cinnamon is a spice present in the inner bark of different tree species from the genus Cinnamomum. It is used as a significant ingredient in different food & beverage items such as bakery products, desserts, tea, and flavouring of several Asian cuisines. Cinnamon also has sweet-smelling and medical significance and is one of the essential components in Ayurveda & Chinese medicines as well as perfumery products. Cinnamon has many benefits associated with cinnamon including lesser cholesterol and maintaining blood pressure and also preventing neurological disorders, infectious viruses which help in a lower risk of cancer.
Asia Pacific Cinnamon Market Size & Growth:
The Asia Pacific Cinnamon market is estimated to be $XX billion in 2019 and is projected to grow at a CAGR of 14.3% from 2019 to 2025. Drivers that are influencing cinnamon market growth are raising awareness of the health benefits of cinnamon. Cinnamon is the most valuable ingredient in many of the food items. In day to day life cinnamon had increased use in beauty treatments.
Restraints that are likely to influence cinnamon market are too much cassia cinnamon intake into the body has been linked to many other side effects. Which may also Increase the risk of cancer. Challenges include the quality and distribution channels and also increase in the chance of affecting cancer from cinnamon.
Opportunities that are owing cinnamon market are increasing demand for cinnamon species and development of new variations in the form of
Asia Pacific Cinnamon Market Share:
Type segments the Asia Pacific Cinnamon market into Ceylon Cinnamon, Cassia Cinnamon, Saigon Cinnamon, Korintje, Cinnamon, and Others. Based on Application, the market is segmented into Food & Beverages, Medicines, and Cosmetics. Based on Distribution Channel, the market is segmented into Hypermarkets, Supermarkets, Online Retailers, Convenience Stores, and Specialty Stores.
The Asia Pacific cinnamon market is mainly driven by factors like growing demand for cinnamon in different food items for flavour, rising scope in the bakery, pharmaceuticals, and cosmetics sectors, and increasing awareness about the health benefits of cinnamon. However, cinnamon is still considered as a luxury ingredient and is thus costly, thus hampering the growth of the market in the poor societal class.
By the distribution channel, in this section raw materials need to be delivered to the end users, like from the manufacturer to the consumer, production channel needs to be strong enough to sustain from the needs from the consumers this leads to significant CAGR by the end of 2025.
By geography, the Asia Pacific cinnamon market is analysed under the regions namely China, India, Japan and South Korea. The Asia Pacific Cinnamon Market is predicted to show the highest CAGR during the forecasting period.
Major players operating the Cinnamon market include Pure Ceylon Cinnamon, Adam Group, Bio Foods (Pvt) Ltd., HDDES Group, SDS SPICES (PVT) LTD., Ceylon Spice Company, Elite Spice, First Spice Mixing Company, C.F. Sauer Company, EHL Ingredients and Mc
Asia Pacific Cinnamon Market Trends:
Asia Pacific Cinnamon Market Research Report:
Along with these companies, there were many other companies considered/ cited in the report while analysing the cinnamon market. These companies hold substantial share-owning to the nature of the industry whereas the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and stable customer base.
Starting from $2700
Starting from $2700
Starting from $2700
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