Asia Pacific Cinnamon Market – Size, Outlook, Trends and Forecast (2024 – 2032)

Published : 30 Aug 2024
Report Type : Regional

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Asia Pacific Cinnamon Market - Size
Study Period
2018 - 2030
Base Year For Estimation
2023
Forecast Data Period
2024-2030
Historical Data Period
2018-2021
CAGR
7 %
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

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 - Growth
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
powder.

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

You can also purchase parts of this report. Do you want to check out a section wise price list

Asia Pacific Cinnamon Market - Porter's Five Force Analysis
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
Cormick Spices.

Asia Pacific Cinnamon Market Trends:

  • January 2013 –ELITE space had decided to assess the risk of health failures between raw agricultural species
  • October 2016 – Mc Cormick Spices introduces to make chickpeas taste like cinnamon toast crunch

Asia Pacific Cinnamon Market Research Report:

  • An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
  • To have a complete market analysis through industry value chain analysis, Porter’s five, PESTLE, SWOT analysis, and Y-o-Y analysis.
  • Regional and the Asia Pacific diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
  • Identifying DROC in the current market and their impact on altering the market dynamics.
  • Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial analysis with significant competitors.
  • Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
  • Identify the latest developments, market shares and strategies that are employed by the major market players, such as
    • ELITE SPICE
    • Mc Cormick Spices
    • ACH FOOD COMPANIES
    • ADAM GROUP
    • BART INGREDIENTS

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.

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