Cinnamon Market Size, Share, Price and Demand 2025 - 2033

The global cinnamon market reached a value of USD 1.4 billion in 2024 and is projected to attain USD 1.8 billion by 2033, growing at a CAGR of 3.08% during 2025-2033. This growth is driven by innovations in the food and beverage industry, the rising popularity of home cooking, and the increasing demand for natural and organic products. Cinnamon's versatility in culinary applications and its perceived health benefits contribute to its expanding market presence.

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STUDY ASSUMPTION YEARS:

• Base Year: 2024
• Historical Years: 2019-2024
• Forecast Years: 2025-2033

CINNAMON MARKET KEY TAKEAWAYS:

• The market is expected to grow from USD 1.4 billion in 2024 to USD 1.8 billion by 2033, at a CAGR of 3.08%.
• Asia Pacific leads the market due to shifting preferences towards natural and organic products.
• Ceylon cinnamon holds the largest market share, attributed to its distinct flavor and health benefits.
• Whole cinnamon is widely used in baking and cooking, while extracts offer concentrated flavor for various applications.
• The B2B segment is driven by restaurants and pharmaceutical companies, whereas the B2C segment benefits from e-commerce and retail store sales.
• Innovations in product offerings, such as cinnamon-frosted bread and apple cinnamon donut sticks, are expanding market reach.
• The growing trend of home cooking and the influence of social media platforms are elevating cinnamon's popularity.

MARKET GROWTH FACTORS:

1. Innovations in the Food and Beverage Industry:

The food and beverage industry keeps developing, with companies releasing new cinnamon-flavored products to suit evolving consumer preferences. For example, in July 2024, Blaze Pizza introduced a cinnamon-frosted bread using fresh, hand-stretched dough, targeting consumers looking for new flavors. Also, in June 2024, Little Debbie introduced apple cinnamon donut sticks aimed at the snack market. Such innovations not only expand product variety but also drive demand for cinnamon across different forms.

2. Rising Popularity of Home Cooking:

The home cooking trend has picked up, particularly with people trying out baking and finding new recipes. Cinnamon, being a relative unknown not so long ago, has now become a household spice. The spread of food blogs and social media has further fueled the trend, with people posting cinnamon-based recipes and dishes on the websites. Domestic use adds a major chunk to the growth of the market.

3. Growing Demand for Natural and Organic Products:

Buyers are more favorably disposed to organic and natural products due to health awareness and eco-friendliness. Being an antioxidant with anti-inflammatory nature, cinnamon meets the demand optimally. Organics in spices, especially, are in big demand in the Asia Pacific market, driving growth for the sector. This is expected to maintain the upward march of the industry.

MARKET SEGMENTATION:

Breakup by Product:

• Ceylon: Known for its distinct flavor and superior quality, Ceylon cinnamon is preferred for its health benefits and is widely used in culinary applications.
• Cassia: A common variety with a strong flavor, Cassia cinnamon is extensively used in commercial food production.
• Saigon: Characterized by its bold and spicy flavor, Saigon cinnamon is favored in specific regional cuisines.
• Korintje: Popular in the United States, Korintje cinnamon is valued for its mild flavor and is commonly used in baked goods.

Breakup by Form:

• Whole: Utilized in cooking and baking, whole cinnamon sticks are favored for their ability to infuse dishes with flavor over time.
• Extract: Cinnamon extract offers a concentrated flavor, making it suitable for beverages, sauces, and various recipes requiring a strong cinnamon taste.
Breakup by Sales Channel:
• B2B: This segment includes sales to businesses such as restaurants and pharmaceutical companies, where cinnamon is used as an ingredient or for its medicinal properties.
• B2C: Direct sales to consumers through retail stores and e-commerce platforms, catering to the demand for cinnamon in household cooking and personal use.

Breakup by Region:

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

REGIONAL INSIGHTS:

Asia Pacific is the largest market for cinnamon in the world, fueled by increasing demand for natural and organic products. The area has rich culinary heritage and rising health consciousness that supports the increasing demand for cinnamon. India, China, and Indonesia are major producers and consumers, supporting the growth in this market.

RECENT DEVELOPMENTS & NEWS:

The cinnamon market has witnessed several notable developments:
• In July 2024, Blaze Pizza introduced a cinnamon-frosted bread made with fresh, hand-stretched dough, enhancing its dessert offerings.
• In June 2024, Little Debbie, a snack brand of McKee Foods, released apple cinnamon donut sticks, catering to the demand for convenient snack options.
• In April 2024, General Mills, Inc. launched a waffle-shaped cinnamon toast crunch cereal, providing a new twist to a classic breakfast item.

KEY PLAYERS:

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., etc.

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