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Cinnamon Bark Market, Set To Grow At 9.9% CAGR By 2030 | Data Analysis By GIS

12-04-2023 12:37 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Insight Services

/ PR Agency: Global Insight Services
Cinnamon Bark Market, Set To Grow At 9.9% CAGR By 2030 | Data

The global cinnamon bark market continues to experience steady growth due to the widespread utilization of cinnamon in various industries, particularly in the food and beverage sector, pharmaceuticals, and personal care products. Renowned for its distinct aroma, flavor, and numerous health benefits, cinnamon bark has witnessed increased demand for its application in food flavoring, medicinal purposes, and skincare products.

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The rising consumer inclination towards natural and organic ingredients has further fueled the market growth, with cinnamon bark being recognized for its antioxidant and anti-inflammatory properties. Additionally, the versatility of cinnamon bark in both culinary and therapeutic applications continues to propel its market expansion across the globe.

Key Trends

One prominent trend shaping the cinnamon bark market is the increasing demand for organic and sustainably sourced cinnamon. Consumers are becoming more conscious of the origin and production methods of their food and ingredients, leading to a growing preference for organic and sustainably harvested cinnamon bark. This trend is driven by the rising awareness of environmental sustainability and health-conscious consumer preferences, prompting suppliers and manufacturers to focus on offering organic-certified and responsibly sourced cinnamon bark. As consumers seek products aligned with ethical and eco-friendly practices, the market is witnessing a notable shift towards sustainably produced cinnamon, catering to the growing demand for natural and ethically sourced ingredients in various industries.

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Key Drivers

A significant driver influencing the cinnamon bark market is the increasing awareness of the health benefits associated with cinnamon consumption. Cinnamon bark is gaining attention for its potential medicinal properties, including its ability to regulate blood sugar levels, aid digestion, and act as an antioxidant. This heightened awareness of cinnamon's health-promoting attributes has led to a surge in demand, particularly in the pharmaceutical and nutraceutical industries, where cinnamon extract is utilized in supplements and health products. As consumers seek natural remedies and functional foods, the perceived health benefits of cinnamon bark are driving its incorporation into various products, contributing significantly to the market's growth as a sought-after ingredient in the health and wellness sector.

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Market Segmentation : Cinnamon Bark Market

Cinnamon Bark Market By Product Type : Chinese Cinnamon, Sri Lanka Cinnamon, Others

Cinnamon Bark Market By Application : Residential, Commercial

Cinnamon Bark Market By Region : North America : US, Canada, Mexico, Europe : The UK, Germany, France, Italy, Spain, Netherlands, Switzerland, Asia-Pacific : China, India, Japan, South Korea, Australia, Singapore, Indonesia, Rest of Asia-Pacific, Rest of the World : Latin America, Middle East, Africa

Key Players :

Biofoods Pvt. Ltd.
Goya Foods, Inc.
HDDES Group
The Bart Ingredients Company Ltd
EOAS Organics Pvt. Ltd.
The C.F. Sauer Company
First Spice Mixing Company, Inc.
Cino Ceylon
Cassia Co-op
Frontier Co-op.

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10-year forecast to help you make strategic decisions
In-depth segmentation which can be customized as per your requirements
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Global Insight Services LLC
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E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/

About Global Insight Services :

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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