Global Cinnamon Extract Market, By Nature (Organic, Conventional), Form (Powder, Liquid), End Use (Food and Beverage Industry, Cosmetics and Personal Care Industry, Pharmaceutical, Food Service Industry, Other), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Cinnamon Extract Market
The global cinnamon extract market is expected to witness market growth at a rate of 7.00% in the forecast period of 2021 to 2028 and is expected to reach USD 1.54 billion by 2028. Data Bridge Market Research report on cinnamon extract market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand for the product from end use industries is escalating the growth of cinnamon extract market.
Cinnamon refers to a spice which is acquired from the inner bark of tropical tree species from genus Cinnamomum and generally available in two main varieties including cinnamomum cassia and Cinnamomum zeylanicum. The product is extensively used for flavoring various food products.
The rise in demand for cinnamon in various food products as a flavoring agent in various savory dishes and beverages across the globe, acts as one of the major factors driving the growth of cinnamon extract market. The growth of awareness regarding the health benefits of cinnamon extract as it is considered rich source of various minerals and nutrients, anti-oxidants and also known to possess anti-inflammatory properties that are beneficial against diseases such as diabetes, Alzheimer’s and HIV-1 accelerate the cinnamon extract market growth. The use of cinnamon in various products such as bakery products and confectionery in an attempt by manufacturers to offer healthier product options and rise in the demand from various industries such as bakery, pharmaceuticals, and cosmetics industries further influences the cinnamon extract market. Additionally, use of the product in arious cereals, and meals, use for managing their blood sugar levels, urbanization, growth in awareness, change in lifestyle and surge in disposable income positively affect the cinnamon extract market. Furthermore, research and development extends profitable opportunities to the cinnamon extract market players in the forecast period of 2021 to 2028.
On the other hand, risk associated with the side effects of cinnamon is expected to obstruct the cinnamon extract market growth. The implementation of strict regulation related to the export of the product is projected to challenge the cinnamon extract market in the forecast period of 2021-2028.
This cinnamon extract market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on cinnamon extract market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Cinnamon Extract Market Scope and Market Size
The cinnamon extract market is segmented on the basis of nature, form and end use. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of nature, the cinnamon extract market is segmented into organic and conventional.
- On the basis of form, the cinnamon extract market is segmented into powder and liquid.
- On the basis of end use, the cinnamon extract market is segmented into food and beverage industry, cosmetics and personal care industry, pharmaceutical, food service industry and other. Food and beverage industry is further segmented into savory and snacks, breakfast cereals, desserts, bakery and confectionery, tea, alcoholic drinks, shakes and smoothies and others.
Global Cinnamon Extract Market Country Level Analysis
The cinnamon extract market is analyzed and market size, volume information is provided by country, nature, form and end use as referenced above.
The countries covered in the global cinnamon extract market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the cinnamon extract market because of the increasing demand for spices as a flavoring agent in various food products within the region.
The country section of cinnamon extract market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Cinnamon Extract Market Share Analysis
The cinnamon extract market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to cinnamon extract market.
The major players covered in the cinnamon extract market report are Pure Ceylon Cinnamon, Adams Group, Biofoods Pvt. Ltd. (BIBP), HDDES, SDS Spices, trueceylonspices, Elite Spice, First Spice Mixing Company, Sauer Brands, Inc., EHL Ingredients, Bart Ingredients, McCormick & Company, Inc., Ozone Naturals, Reho Natural Ingredients, Vijaya Enterprises, New Lanka Cinnamon, Cino Ceylon among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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