Cinnamon Market: Industry Analysis and Forecast (2021-2027) Trends, Statistics, Dynamics, Segmentation by Product Type, Application, and Region.

Cinnamon Market size was valued at US$ 0.792 Bn. in 2020 and the total revenue is expected to grow at CAGR 7.83% through 2021 to 2027, reaching nearly US$ 1.34 Bn.

Cinnamon Market Overview:

The Cinnamon is popularly known as Dalchini (Cinnamomum zeylanicum), the eternal tree of tropical medicine, that belongs to the Family Lauracae. Cinnamon mainly contains vital oils and other derivatives, such as cinnamaldehyde, cinnamic acid, and cinnamate. Traditionally Cinnamon has been used in the treatment of cough, sore throat, arthritis, and others. Approximately 250 species have been identified among the cinnamon genus, with trees being scattered all over the world. Cinnamon is mainly found in Sri Lanka, Malabar, Vietnam, India, Cochin-China, Sumatra, and in Eastern Islands. In 2019, Cinnamon was the world's 962nd most traded product and Cinnamon trade represented 0.0041% of total world production. Cinnamon Market To know about the Research Methodology :- Request Free Sample Report 2020 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2027. 2020 is a year of exception and analyzed especially with the impact of lockdown by region.

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. Cinnamon bark is primarily used as a spice in cooking to enhance the taste and flavoring of dishes. As a result, Cinnamon is commonly found in baked goods, and milk and rice puddings. Cinnamon is also used in fruit sweets and chocolate dishes, especially pears and apple desserts. In addition, Cinnamon extract is used as an essential oil in the cosmetics industry as an ingredient in various personal care products. Thanks to the increased use of Cinnamon in the food and beverages and cosmetics industry is driving market growth across the globe.

Cinnamon Market Segment Analysis:

Based on the Product type, the market is segmented into Ceylon, Cassia, Saigon, and Korintje. The Ceylon Cinnamon segment captured the largest market share accounted for 36.2 % in 2020. This segment is expected to grow at a CAGR of 6.1% during the forecast period. Ceylon contains many tight sticks with soft layers that provide a highly desirable quality and texture. Approximately 50–62% of its essential oil is cinnamaldehyde, which is quite low compared to cassia and gives a mild flavor. These features of Ceylon drive the segment growth across the globe. The Cassia segment is expected to witness rapid growth at a CAGR of 6.4% during the forecast period. The Cassia is used to treat infections and the common cold, to prevent nausea and vomiting, and to control gas and diarrhea. Approximately 95% of its essential oil is cinnamaldehyde, which gives cassia a very strong, spicy flavor. It is cheap as compared to Ceylon. As a result, it is most widely consumed around the world. Cinnamon Market Based on Application, the market is segmented into Residential and Commercial. The Residential segment held the largest market share accounted for 58.3% in 2020. The growing use of Cinnamon spices for enhancing flavor and taste in numerous dishes is a prime factor boosting the product demand in this segment. The Commercial segment is expected to witness significant growth with the highest CAGR of 9.76% during the forecast period. The growing necessity of cinnamon in the pharmaceutical, cosmetics, and food and beverages industries is driving the market growth in this segment.

Cinnamon MarketCinnamon Market Regional Insights:

Asia Pacific region held the largest market share accounting for 41.1% in 2020 and is expected to grow with a CAGR of 7.9% during the forecast period. The highest production of Cinnamon in this region drives market growth across the globe. Indonesia is the largest cinnamon producer with the production of 89657 Metric tons in 2019, dominating the Asia Pacific region. Cinnamon is widely used in cooking and brewing tea is one of the key reasons for its increased popularity in South Asia. Asia Pacific region is a top exporter of Cinnamon across the globe, for instance in 2019, the top exporters of Cinnamon were Vietnam (US $ 0.175 Bn.), Sri Lanka (US $ 0.163 Bn.), China (US $ 0.156 Bn.), and Indonesia (the US $ 0.149 Bn.) North America region is expected to witness the highest CAGR of 8.3% during the forecast period and accounted for 34.9% of total revenue in 2020. The growth of the North America regions is driven by the increasing usage of cinnamon culinary items, such as cinnamon products, cinnamon whiskey, and others. In 2019, the top importers of Cinnamon were the US (US $ 0.124 Bn.), along with noteworthy production drives the market growth in this region. In South America region countries, such as Mexico, Ceylon cinnamon is among the most often imported spices, boosting the growth of the cinnamon market in this region.The objective of the report is to present a comprehensive analysis of the Trampoline Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Trampoline Market dynamic, structure by analyzing the market segments and projecting the Trampoline Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Trampoline Market make the report investor’s guide.

Cinnamon Market Scope: Inquire before buying

Global Cinnamon Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 0.792Bn.
Forecast Period 2021 to 2027 CAGR: 7.83% Market Size in 2027: US $ 1.34Bn.
Segments Covered: by Product • Ceylon • Cassia • Saigon • Korintje
by Application • Residential • Commercial

Cinnamon Market by Region

• North America • Europe • Asia Pacific • South America • The Middle East and Africa

Cinnamon Market Key Players

Pure Ceylon Cinnamon • Ceylon Spice Company • HDDES Group • C.F Saucer Company • Biofoods Pvt Ltd • First Spice Mixing Company • Elite Spice • EHL Ingredients • McCormick & Company, Inc. • C.F. Sauer Company • Bart Ingredients • Organic Spices Inc. • Ozone Naturals • Rathna Ceylon Cinnamon • Taj Agro Products Ltd.

Frequently Asked Questions:

1] What segments are covered in the Cinnamon Market report? Ans. The segments covered in the Cinnamon Market report are based on Product Type and Application. 2] Which region is expected to hold the highest share in the Cinnamon Market? Ans. Asia Pacific region is expected to hold the highest share in the Cinnamon Market. 3] What is the market size of the Cinnamon Market by 2027? Ans. The market size of the Cinnamon Market by 2027 is US $ 1.34 Bn. 4] Who are the top key players in the Cinnamon Market? Ans. Pure Ceylon Cinnamon, Ceylon Spice Company, HDDES Group, C.F Saucer Company, Biofoods Pvt Ltd, First Spice Mixing Company, Elite Spice, EHL Ingredients, McCormick & Company, Inc., C.F. Sauer Company, Bart Ingredients, Organic Spices Inc., Ozone Naturals, Rathna Ceylon Cinnamon, and Taj Agro Products Ltd. 5] What was the market size of the Cinnamon Market in 2020? Ans. The market size of the Cinnamon Market in 2020 was US $ 0.792 Bn.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Cinnamon Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2019 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Cinnamon Market 3.4. Geographical Snapshot of the Cinnamon Market, By Manufacturer share 4. Global Cinnamon Market Overview, 2019-2027 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Cinnamon Market 5. Supply Side and Demand Side Indicators 6. Global Cinnamon Market Analysis and Forecast, 2019-2027 6.1. Global Cinnamon Market Size & Y-o-Y Growth Analysis. 7. Global Cinnamon Market Analysis and Forecasts, 2019-2027 7.1. Market Size (Value) Estimates & Forecast By Product,2019-2027 7.1.1. Ceylon 7.1.2. Cassia 7.1.3. Saigon 7.1.4. Korintje 7.2. Market Size (Value) Estimates & Forecast By Application,2019-2027 7.2.1. Residential 7.2.2. Commercial 8. Global Cinnamon Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2019-2027 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Cinnamon Market Analysis and Forecasts, 2019-2027 9.1. Market Size (Value) Estimates & Forecast By Product,2019-2027 9.1.1. Ceylon 9.1.2. Cassia 9.1.3. Saigon 9.1.4. Korintje 9.2. Market Size (Value) Estimates & Forecast By Application,2019-2027 9.2.1. Residential 9.2.2. Commercial 10. North America Cinnamon Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2019-2027 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Cinnamon Market Analysis and Forecasts, 2019-2027 11.1. Market Size (Value) Estimates & Forecast By Product,2019-2027 11.2. Market Size (Value) Estimates & Forecast By Application,2019-2027 12. Canada Cinnamon Market Analysis and Forecasts, 2019-2027 12.1. Market Size (Value) Estimates & Forecast By Product,2019-2027 12.2. Market Size (Value) Estimates & Forecast By Application,2019-2027 13. Mexico Cinnamon Market Analysis and Forecasts, 2019-2027 13.1. Market Size (Value) Estimates & Forecast By Product,2019-2027 13.2. Market Size (Value) Estimates & Forecast By Application,2019-2027 14. Europe Cinnamon Market Analysis and Forecasts, 2019-2027 14.1. Market Size (Value) Estimates & Forecast By Product,2019-2027 14.2. Market Size (Value) Estimates & Forecast By Application,2019-2027 15. Europe Cinnamon Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2019-2027 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Cinnamon Market Analysis and Forecasts, 2019-2027 16.1. Market Size (Value) Estimates & Forecast By Product,2019-2027 16.2. Market Size (Value) Estimates & Forecast By Application,2019-2027 17. France Cinnamon Market Analysis and Forecasts, 2019-2027 17.1. Market Size (Value) Estimates & Forecast By Product,2019-2027 17.2. Market Size (Value) Estimates & Forecast By Application,2019-2027 18. Germany Cinnamon Market Analysis and Forecasts, 2019-2027 18.1. Market Size (Value) Estimates & Forecast By Product,2019-2027 18.2. Market Size (Value) Estimates & Forecast By Application,2019-2027 19. Italy Cinnamon Market Analysis and Forecasts, 2019-2027 19.1. Market Size (Value) Estimates & Forecast By Product,2019-2027 19.2. Market Size (Value) Estimates & Forecast By Application,2019-2027 20. Spain Cinnamon Market Analysis and Forecasts, 2019-2027 20.1. Market Size (Value) Estimates & Forecast By Product,2019-2027 20.2. Market Size (Value) Estimates & Forecast By Application,2019-2027 21. Sweden Cinnamon Market Analysis and Forecasts, 2019-2027 21.1. Market Size (Value) Estimates & Forecast By Product,2019-2027 21.2. Market Size (Value) Estimates & Forecast By Application,2019-2027 22. CIS Countries Cinnamon Market Analysis and Forecasts, 2019-2027 22.1. Market Size (Value) Estimates & Forecast By Product,2019-2027 22.2. Market Size (Value) Estimates & Forecast By Application,2019-2027 23. Rest of Europe Cinnamon Market Analysis and Forecasts, 2019-2027 23.1. Market Size (Value) Estimates & Forecast By Product,2019-2027 23.2. Market Size (Value) Estimates & Forecast By Application,2019-2027 24. Asia Pacific Cinnamon Market Analysis and Forecasts, 2019-2027 24.1. Market Size (Value) Estimates & Forecast By Product,2019-2027 24.2. Market Size (Value) Estimates & Forecast By Application,2019-2027 25. Asia Pacific Cinnamon Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2019-2027 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Cinnamon Market Analysis and Forecasts, 2019-2027 26.1. Market Size (Value) Estimates & Forecast By Product,2019-2027 26.2. Market Size (Value) Estimates & Forecast By Application,2019-2027 27. India Cinnamon Market Analysis and Forecasts, 2019-2027 27.1. Market Size (Value) Estimates & Forecast By Product,2019-2027 27.2. Market Size (Value) Estimates & Forecast By Application,2019-2027 28. Japan Cinnamon Market Analysis and Forecasts, 2019-2027 28.1. Market Size (Value) Estimates & Forecast By Product,2019-2027 28.2. Market Size (Value) Estimates & Forecast By Application,2019-2027 29. South Korea Cinnamon Market Analysis and Forecasts, 2019-2027 29.1. Market Size (Value) Estimates & Forecast By Product,2019-2027 29.2. Market Size (Value) Estimates & Forecast By Application,2019-2027 30. Australia Cinnamon Market Analysis and Forecasts, 2019-2027 30.1. Market Size (Value) Estimates & Forecast By Product,2019-2027 30.2. Market Size (Value) Estimates & Forecast By Application,2019-2027 31. ASEAN Cinnamon Market Analysis and Forecasts, 2019-2027 31.1. Market Size (Value) Estimates & Forecast By Product,2019-2027 31.2. Market Size (Value) Estimates & Forecast By Application,2019-2027 32. Rest of Asia Pacific Cinnamon Market Analysis and Forecasts, 2019-2027 32.1. Market Size (Value) Estimates & Forecast By Product,2019-2027 32.2. Market Size (Value) Estimates & Forecast By Application,2019-2027 33. Middle East Africa Cinnamon Market Analysis and Forecasts, 2019-2027 33.1. Market Size (Value) Estimates & Forecast By Product,2019-2027 33.2. Market Size (Value) Estimates & Forecast By Application,2019-2027 34. Middle East Africa Cinnamon Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2019-2027 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Cinnamon Market Analysis and Forecasts, 2019-2027 35.1. Market Size (Value) Estimates & Forecast By Product,2019-2027 35.2. Market Size (Value) Estimates & Forecast By Application,2019-2027 36. GCC Countries Cinnamon Market Analysis and Forecasts, 2019-2027 36.1. Market Size (Value) Estimates & Forecast By Product,2019-2027 36.2. Market Size (Value) Estimates & Forecast By Application,2019-2027 37. Egypt Cinnamon Market Analysis and Forecasts, 2019-2027 37.1. Market Size (Value) Estimates & Forecast By Product,2019-2027 37.2. Market Size (Value) Estimates & Forecast By Application,2019-2027 38. Nigeria Cinnamon Market Analysis and Forecasts, 2019-2027 38.1. Market Size (Value) Estimates & Forecast By Product,2019-2027 38.2. Market Size (Value) Estimates & Forecast By Application,2019-2027 39. Rest of ME&A Cinnamon Market Analysis and Forecasts, 2019-2027 39.1. Market Size (Value) Estimates & Forecast By Product,2019-2027 39.2. Market Size (Value) Estimates & Forecast By Application,2019-2027 40. South America Cinnamon Market Analysis and Forecasts, 2019-2027 40.1. Market Size (Value) Estimates & Forecast By Product,2019-2027 40.2. Market Size (Value) Estimates & Forecast By Application,2019-2027 41. South America Cinnamon Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2019-2027 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Cinnamon Market Analysis and Forecasts, 2019-2027 42.1. Market Size (Value) Estimates & Forecast By Product,2019-2027 42.2. Market Size (Value) Estimates & Forecast By Application,2019-2027 43. Argentina Cinnamon Market Analysis and Forecasts, 2019-2027 43.1. Market Size (Value) Estimates & Forecast By Product,2019-2027 43.2. Market Size (Value) Estimates & Forecast By Application,2019-2027 44. Rest of South America Cinnamon Market Analysis and Forecasts, 2019-2027 44.1. Market Size (Value) Estimates & Forecast By Product,2019-2027 44.2. Market Size (Value) Estimates & Forecast By Application,2019-2027 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Cinnamon Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Applications 45.2.3.2. M&A Key Players, Forward Integration and Backward Integration 45.3. Company Profile: Key Players 45.3.1. Biofoods Pvt Ltd 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.4. Pure Ceylon Cinnamon 45.5. Biofoods Pvt Ltd 45.6. Ceylon Spice Company 45.7. HDDES Group 45.8. C.F Sauer Company 45.9. First Spice Mixing Company 45.10. Elite Spice 45.11. EHL Ingredients 45.12. McCormick & Company, Inc 45.13. C.F. Sauer Company 45.14. Bart Ingredients 45.15. Organic Spices Inc. 45.16. Ozone Naturals 45.17. Rathna Ceylon Cinnamon 45.18. Taj Agro Products Ltd. 46. Primary Key Insights

About This Report

Report ID 116902
Category Consumer Goods & Services
Published Date Aug 2021
Updated Date Oct 2021
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