Press release
Cinnamon Market Set to Surge to USD 1672.13 Million by 2030
Cinnamon Market
Cinnamon Market size was valued at US$ 988.26 Mn. in 2023 and the total revenue is expected to grow at CAGR 7.83% through 2024 to 2030, reaching nearly US$ 1672.13 Mn.
Cinnamon Market Overview:
Cinnamon, also known as Dalchini (Cinnamomum zeylanicum), belongs to the Lauraceae family and is recognized for its rich medicinal properties. Its primary components include essential oils and derivatives like cinnamaldehyde, cinnamic acid, and cinnamate. Traditionally, cinnamon has been used for treating ailments such as cough, sore throat, and arthritis. There are around 250 species of cinnamon globally, with significant production in regions such as Sri Lanka, Vietnam, India, and Indonesia. In 2021, cinnamon ranked as the 962nd most traded product, accounting for 0.0041% of global trade.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ @https://www.maximizemarketresearch.com/request-sample/116902/
Drivers in the Cinnamon Market:
The demand for cinnamon is growing due to its numerous health benefits, including its antioxidant properties, which help fight free radicals and prevent cellular damage. It is also rich in nutrients such as iron, calcium, and manganese, making it a valuable component in treating common ailments like colds, toothaches, and insomnia. The increasing use of cinnamon in the pharmaceutical, food, and cosmetic industries further drives its demand. Its application as a flavor enhancer in baked goods and traditional dishes is another factor boosting market growth.
Cinnamon Market Trends:
Cinnamon's versatility is evident through its widespread use in various sectors. In the food and beverage industry, it is commonly used as a spice in baked goods, desserts, and beverages, enhancing flavor. Additionally, the cosmetics industry has embraced cinnamon extract as a popular ingredient in personal care products, such as essential oils. These growing applications in multiple industries, coupled with cinnamon's health benefits, contribute to its rising market value globally.
๐๐ก๐ ๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐๐ญ๐๐ค๐๐ก๐จ๐ฅ๐๐๐ซ๐ฌ ๐๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐จ๐ซ ๐ญ๐ก๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ :https://www.maximizemarketresearch.com/inquiry-before-buying/116902/
Cinnamon Market Opportunities:
The expanding use of cinnamon in pharmaceutical formulations and cosmetics offers significant growth potential. Cinnamon's antioxidant and anti-inflammatory properties make it a prime candidate for new product developments in the wellness and beauty sectors. As consumer awareness of natural ingredients increases, the demand for cinnamon-based products in skincare and health supplements is expected to rise, creating substantial opportunities for manufacturers.
What is Cinnamon Market Regional Insight?
The Asia-Pacific region dominates the cinnamon market, accounting for 41.1% of global demand in 2023. Countries like Indonesia, Sri Lanka, and Vietnam are major producers and exporters. Indonesia leads production, with significant cinnamon cultivation supporting market growth. Additionally, North America is witnessing the fastest growth, with increasing demand for cinnamon-infused products such as whiskey and culinary items. In 2021, the United States emerged as a leading importer of cinnamon, further contributing to market expansion in this region.
๐๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐ญ๐จ ๐ฉ๐๐๐ค ๐ข๐ง๐ฌ๐ข๐๐? ๐๐ซ๐๐ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ฐ :https://www.maximizemarketresearch.com/request-sample/116902/
Segmentation Analysis of the Cinnamon Market:
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 is the largest manufacturers of Cinnamon Market worldwide?
North America
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
Europe
EHL Ingredients
Bart Ingredients
Fuchs Gewรผrze
Frontier Co-op
Asia Pacific
Pure Ceylon Cinnamon
Ceylon Spice Company
HDDES Group
Biofoods Pvt Ltd
Rathna Ceylon Cinnamon
Taj Agro Products Ltd.
MDH Spices
Everest Spices
๐ ๐จ๐ซ ๐ฆ๐จ๐ซ๐ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ฏ๐ข๐ฌ๐ข๐ญ:https://www.maximizemarketresearch.com/market-report/global-cinnamon-market/116902/
Key Offerings:
Past Market Size and Competitive Landscape
Cinnamon Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Cinnamon Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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