Press release
Cinnamon Spice Market is expected to generate a revenue of US$ 1.1 Billion by 2032 , surging at a CAGR of 3.7 %
The spice has a sweet, warm taste and a unique aroma that makes it a favorite ingredient in many dishes. In recent years, the cinnamon spice market has experienced significant growth, driven by the increasing demand for the spice in the food and beverage industry.
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The cinnamon spice market is segmented into different types of cinnamon, including Ceylon cinnamon, Cassia cinnamon, Saigon cinnamon, and Korintje cinnamon. Of these, Ceylon cinnamon is the most popular type, known for its sweet taste and delicate aroma. It is also referred to as true cinnamon and is mostly grown in Sri Lanka.
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Cassia cinnamon is another popular variety that is widely used in the food industry. It is mostly grown in China, Indonesia, and Vietnam and has a stronger, more pungent taste than Ceylon cinnamon. Saigon cinnamon, also known as Vietnamese cinnamon, is another type of cinnamon that is highly valued for its strong, sweet aroma. It is mostly grown in Vietnam and is used in various dishes, including baked goods, curries, and soups.
The cinnamon spice market has seen a significant increase in demand in recent years due to its various health benefits. Cinnamon is known to have anti-inflammatory properties that help reduce inflammation in the body. It is also rich in antioxidants, which help protect the body from free radical damage. Moreover, cinnamon is known to help regulate blood sugar levels and improve heart health.
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Cinnamon Spice Market Industry Research by Category
Cinnamon Spice Market By Type: Ceylon Cinnamon, Korintje Cinnamon, Cassia Cinnamon, Saigon Cinnamon
Cinnamon Spice Market By Nature : Organic, Conventional
Cinnamon Spice Market By Form : Whole, Extract, Powder, Oil
Cinnamon Spice Market By End Use : Food Industry, Soups, Sauces, and Dressings
Snacks & Cereals, Bakery & Confectionery, Meat & Poultry, Others
Cinnamon Spice Market By Distribution Channel : Business to Business, Hypermarkets/Supermarkets, Convenience Stores, Specialty Retail, Online Retail, Business to Consumer
Cinnamon Spice Market By Region: North America, Latin America, Europe, South Asia & Pacific, East Asia, Middle East & Africa
Companies Covered in This Report -
McCormick & Company
Cinnatopia
P. de Silva & Sons International (Pvt) Ltd.
Ceylon Spice Company
Elite Spice
FutureCeuticals
Kahawatte Plantations PLC
High Plains Spice Company
Natural Spices of Grenada
Lemur International, Inc
New Lanka Cinnamon Pvt. Ltd
Great American Spice Co
Risun Bio-Tech Inc.
Monterey Bay Spice Company
The Organic Cinnamon
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