Press release
Cinnamon Market To reach 7.83 percentage CAGR by 2030
The ๐๐ข๐ง๐ง๐๐ฆ๐จ๐ง ๐๐๐ซ๐ค๐๐ญ 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.๐๐ข๐ง๐ง๐๐ฆ๐จ๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
Cinnamon, known scientifically as Cinnamomum zeylanicum, is a widely utilized spice derived from the inner bark of certain tropical trees. Originating from Sri Lanka, it is recognized for its aromatic flavor and numerous health benefits. Beyond its culinary uses, cinnamon has long been an essential component in traditional medicine, believed to possess healing properties that support digestion, alleviate inflammation, and help manage conditions such as arthritis and respiratory issues. The global demand for cinnamon continues to grow as it finds applications not only in food and beverages but also in cosmetics, pharmaceuticals, and wellness products.
๐๐๐ง๐ญ ๐ญ๐จ ๐๐๐ ๐ญ๐ก๐ ๐๐ซ๐๐ง๐๐ฌ? ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐๐๐ฒ: https://www.maximizemarketresearch.com/request-sample/116902/
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ข๐ง๐ง๐๐ฆ๐จ๐ง ๐๐๐ซ๐ค๐๐ญ:
The cinnamon market is primarily driven by increasing consumer awareness of its health benefits. Rich in antioxidants and anti-inflammatory compounds, cinnamon is gaining popularity as a natural remedy for various health conditions, including diabetes, digestive issues, and infections. The spice's versatility also fuels its demand across multiple industries, particularly in the food and beverage sector, where it is used in everything from baked goods to beverages. Additionally, the rise in natural and organic food products has led to an uptick in the use of cinnamon as a cleaner, more sustainable alternative to artificial flavors and additives.
๐๐ข๐ง๐ง๐๐ฆ๐จ๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
Several key trends are shaping the cinnamon market, one of which is the growing preference for organic and sustainably sourced products. As consumers become more conscientious about the environmental and social impacts of their purchasing decisions, demand for ethically harvested, organic cinnamon has surged. Another trend is the increasing popularity of cinnamon in health and wellness products, including dietary supplements and functional foods, where it is prized for its antioxidant and anti-inflammatory properties. Furthermore, cinnamon is also making its way into beauty and skincare products, as its antimicrobial and soothing qualities are recognized in the cosmetics industry.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐จ๐๐๐ฒ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ: https://www.maximizemarketresearch.com/inquiry-before-buying/116902/
๐๐ข๐ง๐ง๐๐ฆ๐จ๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ:
The cinnamon market presents numerous opportunities for growth, particularly in the natural food product segment. With consumers increasingly seeking healthier, plant-based alternatives, there is significant potential for cinnamon to be incorporated into a variety of new products, such as plant-based snacks, beverages, and even dietary supplements. Additionally, expanding the availability of cinnamon in emerging markets, where the demand for health-conscious and premium products is on the rise, could further fuel market growth. Finally, advancements in extraction technologies that enhance the concentration of cinnamon's beneficial compounds could open up new applications in both the pharmaceutical and nutraceutical industries, offering exciting prospects for manufacturers and innovators alike.
๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ ๐๐ง๐ ๐๐ซ๐๐ง๐๐ฌ
๐๐ฎ๐ฌ๐ญ๐๐ข๐ง๐๐๐ข๐ฅ๐ข๐ญ๐ฒ ๐ข๐ง ๐ ๐จ๐๐ฎ๐ฌ: Sustainability remains a core focus in the cinnamon industry, as companies look to reduce environmental impacts and create eco-friendly production systems. Mergers are streamlining efforts to enhance supply chain transparency and ensure that cinnamon is harvested responsibly.
๐-๐๐จ๐ฆ๐ฆ๐๐ซ๐๐ ๐๐ฑ๐ฉ๐๐ง๐ฌ๐ข๐จ๐ง: With the rise of online shopping, cinnamon sales have seen a shift towards e-commerce platforms. Companies across the US, Europe, and Asia are investing in digital transformation strategies to capture a larger portion of the online market.
๐๐ข๐ง๐ง๐๐ฆ๐จ๐ง ๐ข๐ง ๐๐๐ฅ๐ฅ๐ง๐๐ฌ๐ฌ ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ: As health-conscious consumers demand more natural ingredients, cinnamon is becoming a popular choice in wellness products such as supplements, skincare, and essential oils. Mergers between cosmetics and wellness companies are creating new opportunities for product development.
๐๐ญ๐ซ๐๐ญ๐๐ ๐ข๐ ๐๐๐ซ๐ ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ข๐ง๐ง๐๐ฆ๐จ๐ง ๐๐๐ซ๐ค๐๐ญ
๐๐๐ฉ๐๐ง'๐ฌ ๐ ๐จ๐๐ฎ๐ฌ ๐จ๐ง ๐&๐ ๐๐ง๐ ๐๐ง๐ง๐จ๐ฏ๐๐ญ๐ข๐จ๐ง
Japan's cinnamon industry is booming, with mergers and acquisitions focused on product innovation. Japanese companies are known for incorporating cinnamon into health and beauty products, leveraging their research capabilities to create unique offerings.
๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐'๐ฌ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐ญ๐ก๐ ๐๐ข๐ง๐ง๐๐ฆ๐จ๐ง ๐๐๐๐ญ๐จ๐ซ
South Korean companies are making significant investments in the cinnamon market, particularly in the development of cinnamon-based functional foods. Mergers are driving R&D initiatives and expanding their reach across Asian markets.
๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ ๐๐ง๐ ๐๐ฎ๐ซ๐จ๐ฉ๐๐๐ง ๐๐๐ซ๐ค๐๐ญ๐ฌ: ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐ง๐ ๐๐ซ๐ ๐๐ง๐ข๐ ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ
In the US and Europe, the demand for organic and premium cinnamon continues to rise, prompting leading companies to merge and form strategic partnerships. This allows them to meet the growing interest in health-conscious products and sustainable sourcing.
๐๐๐๐ ๐๐จ๐ซ๐ ๐๐ง๐๐จ? ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ฎ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐: https://www.maximizemarketresearch.com/request-sample/116902/
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐ข๐ง๐ง๐๐ฆ๐จ๐ง ๐๐๐ซ๐ค๐๐ญ:
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
๐ ๐จ๐ซ ๐๐จ๐ซ๐ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐๐๐จ๐ฎ๐ญ ๐๐ก๐ข๐ฌ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ฅ๐๐๐ฌ๐ ๐๐ข๐ฌ๐ข๐ญ: https://www.maximizemarketresearch.com/market-report/global-cinnamon-market/116902/
๐๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ ๐ฅ๐๐ซ๐ ๐๐ฌ๐ญ ๐ฆ๐๐ง๐ฎ๐๐๐๐ญ๐ฎ๐ซ๐๐ซ๐ฌ ๐จ๐ ๐๐ข๐ง๐ง๐๐ฆ๐จ๐ง ๐๐๐ซ๐ค๐๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐?
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
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
โฆ Cultivated Meat Market https://www.maximizemarketresearch.com/market-report/cultivated-meat-market/152811/
โฆ Global Wave Energy Converter Market https://www.maximizemarketresearch.com/market-report/wave-energy-converter-market/164740/
โฆ Warehouse Automation System Market https://www.maximizemarketresearch.com/market-report/warehouse-automation-system-market/167432/
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โฆ Flavors and Fragrances Market https://www.maximizemarketresearch.com/market-report/flavors-and-fragrances-market/121756/
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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๐๐๐จ๐ฎ๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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