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