Global Cinnamon Market – Size, Outlook, Trends and Forecast (2024

Global 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 the first traded species in the ancient world. It is the popular spice in the ancient Arab world, and Arab traders have paved the way for cinnamon to travel a long distance through the spiced root to the European market. Cinnamon is known to be true cinnamon which is native to Sri Lanka. It is obtained from the plant named as cinnamon zeylanicum. Although Sri Lanka is the largest producer of cinnamon on the commercial level its cultivation is mostly done in Madagascar and Seychelles. Today cinnamon is not only used all over the world it is the central ingredient part in many of the food items like bakery products, coffee and tea and also acts as a flavouring agent in many Asian cuisines like curries.

Global Cinnamon Market Size & Growth:

The Cinnamon market is estimated to be $XX billion in 2019 and is projected to grow at a CAGR of 16.20% 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 powder.

Global Cinnamon Market Share:

The significant factors that attribute to the expansion of the market include growing need for increasing the insulin sensitivity in the body will continue to

Global 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

boost demand for cinnamon in the global market, and this is expected to boost the market growth of Cinnamon industry.

Growing need to boost the immune system has to owe to an upgrade in demand for cassia cinnamon globally. By product type, the cassia segment is expected to represent the highest revenue growth, accounting for a value of over US$ XX Million by the end of 2025 whereas the cinnamon had highest sales globally. On the other hand, the Saigon product type segment is expected to register healthy CAGR throughout the forecast period from 2019 -2025.

Based on form, the quills segment is expected to generate significant revenues, recording a value of over US$ XX Million by the end of 2019. However, powder form is the crucial primary role for maintaining highest CAGR through 2025.

By application type, the culinary uses segment is expected to witness significant growth regarding revenue, accounting for a value of over US$ XX Million by the end of 2019. In contrary to this, the bakery application type segment is expected to register a healthy CAGR during the forecast period 2019 – 2025.

By the distribution channel, the segment is expected to represent the highest growth concerning revenue, recording a value of over $ XX Million by the end of 2019. However, the online channels distribution channel segment is expected to witness significant CAGR by the end of 2025.

By geography, the Cinnamon market is analysed under various regions namely North America, Europe, Asia-Pacific, South America and the Middle East and Africa. Countries within the Asia-Pacific are thriving concerning growing contribution of the species industry toward the GDP with high levels of development and promoting and will be the briskly growing region during the forecast period. The rising population levels have created the demand for

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Global 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

consumer goods and residential furnishing product globally. Increasing per capita income in these regions APAC and North American regions is another driver for the Cinnamon market.

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 Cormick Spices.

Global 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.

Global 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 global 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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