Cinnamon Market Size to Surpass US$ 1.7 Billion by 2032 | With a 3.2% CAGR

IMARC Group's report titled "𝐂𝐢𝐧𝐧𝐚𝐦𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐛𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 (𝐂𝐞𝐲𝐥𝐨𝐧, 𝐂𝐚𝐬𝐬𝐢𝐚, 𝐒𝐚𝐢𝐠𝐨𝐧, 𝐊𝐨𝐫𝐢𝐧𝐭𝐣𝐞), 𝐅𝐨𝐫𝐦 (𝐖𝐡𝐨𝐥𝐞, 𝐄𝐱𝐭𝐫𝐚𝐜𝐭), 𝐒𝐚𝐥𝐞𝐬 𝐂𝐡𝐚𝐧𝐧𝐞𝐥 (𝐁𝟐𝐁, 𝐁𝟐𝐂), 𝐚𝐧𝐝 𝐑𝐞𝐠𝐢𝐨𝐧 𝟐𝟎𝟐𝟒-𝟐𝟎𝟑𝟐". The global cinnamon market size reached US$ 1.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 1.7 Billion by 2032, exhibiting a growth rate (CAGR) of 3.2% during 2024-2032.

Factors Affecting the Growth of the Cinnamon Industry:

• Consumer Health Consciousness:

The increasing awareness among consumers about the health benefits of cinnamon, such as its anti-inflammatory properties, antioxidant effects, and potential to regulate blood sugar levels, is a pivotal growth driver for the cinnamon industry. This heightened health consciousness has led to a surge in demand for natural and organic food ingredients, positioning cinnamon as a key component in healthy diets and natural wellness products. The trend toward clean eating and the incorporation of functional foods into daily diets have made cinnamon a staple in health-oriented food products, boosting its market growth.

• Culinary and Industrial Applications:

Cinnamon's versatile use in a wide array of culinary applications, from traditional cuisines to modern fusion dishes, underpins its growing industry. Its unique flavor and aroma enhance both sweet and savory dishes, making it a favorite among chefs and home cooks alike. Beyond the kitchen, cinnamon finds applications in the pharmaceutical, cosmetic, and essential oil industries, where its natural properties are harnessed for health and wellness products. This broad spectrum of applications across various sectors ensures a steady demand for cinnamon, contributing significantly to the expansion of the industry.

• Globalization and Cultural Exchange:

The globalization of food culture and the increased exposure to international cuisines have played a crucial role in the popularity of cinnamon. As people become more adventurous with their food choices, there is a growing appreciation for spices that add unique flavors and health benefits to dishes. This cultural exchange, facilitated by travel, social media, and culinary shows, has introduced cinnamon to new markets and demographics, expanding its global footprint. Moreover, sustainable, and ethical sourcing practices are becoming increasingly important to consumers, influencing the growth of the cinnamon industry by emphasizing the importance of fair trade and environmentally friendly cultivation methods.

Leading Companies Operating in the Global Cinnamon Industry:

• Bart Ingredients Company Ltd.
• Biofoods Pvt. Ltd.
• C.F. Sauer Company
• Ceylon Spice Company
• Elite Spice Inc.
• EOAS International
• First Spice Mixing Company Inc.
• HDDES Group
• McCormick & Company Inc.
• Organic Spices Inc.

𝐅𝐨𝐫 𝐚𝐧 𝐢𝐧-𝐝𝐞𝐩𝐭𝐡 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐲𝐨𝐮 𝐜𝐚𝐧 𝐫𝐞𝐟𝐞𝐫 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/cinnamon-market/requestsample

Cinnamon Market Report Segmentation:

By Product:

• Ceylon
• Cassia
• Saigon
• Korintje

Ceylon cinnamon dominates the market due to its preference in culinary and health products.

By Form:

• Whole
• Extract

Based on the form, the market has been classified into whole and extract.

By Sales Channel:

• B2B
• B2C

On the basis of the sales channel, the market has been divided into b2b and b2c.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐓𝐎𝐂: https://www.imarcgroup.com/cinnamon-market

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Global Cinnamon Market Trends:

The global cinnamon market is experiencing significant growth, driven by rising consumer demand for natural and healthy ingredients in food, beverages, and wellness products. This surge is further fueled by cinnamon's renowned health benefits, including anti-inflammatory properties and blood sugar regulation, making it a preferred choice among health-conscious consumers. Additionally, the spice's versatility in culinary applications across various cuisines worldwide supports its expanding market presence. Innovations in packaging and the sustainable sourcing of cinnamon, particularly from leading producers like Indonesia and Sri Lanka, are enhancing its global supply chain efficiency. These factors collectively contribute to the robust upward trajectory of the cinnamon market.

𝐍𝐨𝐭𝐞: 𝐈𝐟 𝐲𝐨𝐮 𝐧𝐞𝐞𝐝 𝐬𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐭𝐡𝐚𝐭 𝐢𝐬 𝐧𝐨𝐭 𝐜𝐮𝐫𝐫𝐞𝐧𝐭𝐥𝐲 𝐰𝐢𝐭𝐡𝐢𝐧 𝐭𝐡𝐞 𝐬𝐜𝐨𝐩𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭, 𝐰𝐞 𝐰𝐢𝐥𝐥 𝐩𝐫𝐨𝐯𝐢𝐝𝐞 𝐢𝐭 𝐭𝐨 𝐲𝐨𝐮 𝐚𝐬 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧.

𝐎𝐭𝐡𝐞𝐫 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐏𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐛𝐲 𝐈𝐌𝐀𝐑𝐂 𝐆𝐫𝐨𝐮𝐩 :

• https://www.imarcgroup.com/flexible-packaging-market
• https://www.imarcgroup.com/protective-relay-market
• https://www.imarcgroup.com/silicones-market
• https://www.imarcgroup.com/foreign-exchange-market
• https://www.imarcgroup.com/hernia-repair-market

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