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Cinnamon is a spice obtained from the inner bark of several trees from the genus Cinnamomum that is used in both sweet and savory foods.
According to our (Global Info Research) latest study, the global Cinnamon market size was valued at USD 1406.6 million in 2022 and is forecast to a readjusted size of USD 2214.6 million by 2029 with a CAGR of 6.7% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Asia Pacific has developed as the dominant region in global cinnamon market followed by Europe. Increasing demand for spices as a flavoring agent in various food products, has strengthened the growth of global cinnamon market and hence is projected to significantly expand the revenue contribution of the market over the forecast period.
This report is a detailed and comprehensive analysis for global Cinnamon market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Key Features:
Global Cinnamon market size and forecasts, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2018-2029
Global Cinnamon market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2018-2029
Global Cinnamon market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2018-2029
Global Cinnamon market shares of main players, shipments in revenue ($ Million), sales quantity (K MT), and ASP (USD/MT), 2018-2023
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Cinnamon
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Cinnamon market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Adam Group, Bio Foods, Everson Spice Company, Goya Foods and HDDES Group, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market segmentation
Cinnamon market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
- Chinese Cinnamon
- Sri Lanka Cinnamon
- Others
Market segment by Application
- Medicinal Use
- Spice
- Others
Major players covered
- Adam Group
- Bio Foods
- Everson Spice Company
- Goya Foods
- HDDES Group
- First Spice Mixing Company
- C.F. Sauer Company
- EOAS International
- Bart Ingredients Company
- Adams Extract & Spice
- ACH Food Companies
- Frontier Natural Products
- Cassia Co-op
- Naturoca
- Cino Ceylon
- Cinnatopia
Market segment by region, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
- South America (Brazil, Argentina, Colombia, and Rest of South America)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Cinnamon product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Cinnamon, with price, sales, revenue and global market share of Cinnamon from 2018 to 2023.
Chapter 3, the Cinnamon competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Cinnamon breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Cinnamon market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of Cinnamon.
Chapter 14 and 15, to describe Cinnamon sales channel, distributors, customers, research findings and conclusion.