Press release
Cinnamon Market by Type (Ceylon Cinnamon, Cassia Cinnamon, Saigon Cinnamon, Korintje Cinnamon) by Applications (Food & Beverages, Medicines, Cosmetics) – Business Overview, Analysis and Industry Forecast 2017-2023
Cinnamon Market
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In the Global Cinnamon Market, by region Asia Pacific region holds the highest market share in 2017 and is also market is considered as the fastest growing market in the forecasted period owing to their market demands. At country level Indonesia, China and Vietnam in Asia-Pacific is projected to grow strongly in the coming years.
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Drivers:
• Higher Demand for Cinnamon from Cosmetic Industry
Restraints:
• Increasing Concern over the High Coumarin in Cassa Cinnamon
Opportunities:
• Rising Demand for Cinnamon as a Flavouring Agent
Challenges:
• Strict Trade Regulations Especially in Cinnamon Exports
The report segments the cinnamon market on the basis of type, application, distribution channel, and geography. On the basis of distribution channel, the market is segmented into hypermarkets, supermarkets, online stores, convenience stores, and specialty stores.
Based on type, it is divided into Ceylon cinnamon, cassia cinnamon, Saigon cinnamon, Korintje cinnamon, and others (Malabar cinnamon and Indian cinnamon). Of these cassia cinnamon holds the highest market share in 2017 and is expected to grow with the highest CAGR of XX% in the forecasted period. Cinnamon has various applications in a different type of medicines, cosmetics, and food & beverage products.
ACH Food Companies, Adam Group, Bart Ingredients, Bio Foods (Pvt) Ltd., C.F. Sauer Company, Ceylon Spice Company, EHL Ingredients, Elite Spice, EOAS International and HDDES GROUP are some of the key players in the Global Cinnamon market.
Key Benefits for Stakeholders
• Cinnamon Manufacturers, Distributors and Retailers
• Raw material suppliers
• Research and Consulting Organization
• End use industries
• Investment research firms and regulatory bodies
By Type
• Ceylon Cinnamon
• Cassia Cinnamon
• Saigon Cinnamon
• Korintje Cinnamon
• Others (Malabar Cinnamon, Indian Cinnamon, and more)
By Application
• Food & Beverages
• Medicines
• Cosmetics
By Distribution Channel
• Hypermarkets
• Supermarkets
• Online Retailers
• Convenience Stores
• Specialty Stores
By Region
• North America
• Europe
• Asia-Pacific
• RoW
Key Market Players
• ACH Food Companies
• Adam Group
• Bart Ingredients
• Bio Foods (Pvt) Ltd.
• C.F. Sauer Company
• Ceylon Spice Company
• EHL Ingredients
• Elite Spice
• EOAS International
• HDDES GROUP
(A brief overview of 10 companies is also provided)
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Genesis Market Insights (GMI), is a subsidiary of Genesis Management & Market Research Pvt.Ltd. (GMMR) having a strong experience both in primary and secondary market research serving small to large scale enterprises across globe. Established in 1993, GMMR has become a recommended brand for Market Research for various international and MNC Corporations with its strong data foundation. With its exhaustive research capabilities, strong analytics services and in house data validation tools, GMMR has delivered actionable, reliable and all-inclusive Market Research Reports. GMMR is growing strongly for last 2 decades with most of the clients providing repeat business for their trust on the data quality and recommendations for decision making.
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