Press release
Cinnamon Market to Reach USD 1672.13 mn by 2029, emerging at a CAGR of 7.83 percent and forecast 2023-2029
Cinnamon Market
Our research methodology involves thorough primary and secondary research, including interviews with industry experts, market surveys, and analysis of credible sources. The data gathered is rigorously analyzed to provide accurate and reliable insights into the Cinnamon Market.
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What are Cinnamon Market Dynamics:
Cinnamon has been known for its several beneficial properties that aid in the treatment of several medical conditions. Cinnamon is a good source of iron, calcium, and manganese along with various nutrients such as sodium, carbohydrates, sugar, fatty acids, and amino acids. Traditionally Cinnamon is used to cure cough and cold, Influenza, Diarrhoea, loose motion, toothache, Memory improvement, Insomnia or sleeplessness, and so on. Cinnamon also has health-promoting qualities, such as antioxidants that combat free radicals and prevent cell damage. As a result, the growing use of Cinnamon in the pharmaceutical industry is boosting the product demand across the globe.
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Cinnamon Market Regional Insights:
Asia Pacific: Accounted for the largest market share in 2023 (41.1%) and is projected to grow at a CAGR of 7.9% during the forecast period. Indonesia leads in cinnamon production, driving market growth in the region.
North America: Expected to witness the highest CAGR (8.3%) during the forecast period, with notable consumption in culinary items and noteworthy production.
South America: Seeing significant growth, with countries like Mexico importing Ceylon cinnamon frequently, thereby boosting market growth.
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What is Cinnamon Market Segmentation:
by Product
Ceylon
Cassia
Saigon
Korintje
by Form
Quills
Chips
Powder
Oil
Others
by Application
Essential Oils & Aroma Therapy
Beverages
Bakery
Other Processed Food
Pharmaceutical
Cosmetics
by Distribution Channel
Hypermarkets
Supermarkets
Online Retailers
Convenience Stores
Specialty Stores
Others
Who are Cinnamon Market Key Players:
C.F Saucer Company
First Spice Mixing Company
Elite Spice
McCormick & Company, Inc.
C.F. Sauer Company
Organic Spices Inc.
B.G. Foods, Inc.
The Spice Merchants
Penzeys Spices
Watkins
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Table of content for the Cinnamon Market includes:
Global Cinnamon Market: Research Methodology
Global Cinnamon Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3.Global Cinnamon Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
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