Global Cinnamon Market, By Type (Ceylon Cinnamon, Cassia Cinnamon, Korintje Cinnamon, Saigon Cinnamon, Others), Application (Residential, Commercial, Food and Beverage, Medicines, Cosmetics, Spice Mixes, Chocolate and Confectionary, Soups and Sauces, Bakery, Culinary Uses, Others), Distribution Channel (Hypermarkets, Supermarkets, Online Retailers, Convenience Stores, Specialty Stores), End- Users (Residential, Commercial), Form (Quills, Chips, Featherings, Powder, Bark Oil, Leaf Oil, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, 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, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights Global Cinnamon Market
Data Bridge Market Research analyses that the global cinnamon market is growing at a CAGR of 11.20% in the forecast period of 2022-2029.
Cinnamon is a spice that you can get from the cinnamomum genus from the inner bark of tropical tree species. They are mainly used in products such as medicines, cosmetic, chocolate and confectionary, soups and sauces and others.
The growing usage of cinnamon in different beverages and savory products is the major factor accelerating the growth of the cinnamon market. Furthermore, rising awareness about the health advantages of cinnamon, development of new products using cinnamon, growing demand for cinnamon in ground format and whole quills, increasing RandD activities related to cinnamon are also expected to drive the growth of the cinnamon market. However, risk associated with the side effects of cinnamon and strict regulation related to the export restrains the cinnamon market, whereas, import tax and high price will challenge market growth.
In addition, ability to manage the blood sugar level will create ample opportunities for the cinnamon market.
This cinnamon market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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 market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Cinnamon Market Scope and Market Size
The cinnamon market is segmented on the basis of type, application, distribution channel, end- users and forms. The growth among segments helps you analyse 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 type, the cinnamon market is segmented into ceylon cinnamon, cassia cinnamon, korintje cinnamon, saigon cinnamon and others such as malabar cinnamon, indian cinnamon, and more.
- On the basis of application, the cinnamon market is segmented Residential, Commercial, into food and beverage, medicines, cosmetics, spice mixes, chocolate and confectionary, soups and sauces, bakery, culinary uses and others.
- Distribution channel segment of the cinnamon market is segmented into hypermarkets, supermarkets, online retailers, convenience stores and specialty stores.
- On the basis of end- users, the market is segmented into residential and commercial.
- On the basis of form, the market is segmented into quills, chips, featherings, powder, bark oil, leaf oil and others.
Cinnamon Market Country Level Analysis
The cinnamon market is segmented on the basis of type, application, distribution channel, end- users and forms.
The countries covered in the cinnamon market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, 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).
North America dominate the cinnamon market and will continue to flourish its trend of dominance during the forecast period due to increasing demand for herbal and healthy products in this region. Asia-Pacific and Europe region is expected to score the highest CAGR due to the rising awareness about the advantages of cinnamon in the region.
The country section of the cinnamon 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 Market Share Analysis
The cinnamon 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 market.
The major players operating in the cinnamon market report are Organic Spices Inc., Aryan International, SpicesInc., HERBCO, SandB FOODS INC., greenvalleyorg, rapidorganic, Organic Products India, Sapthisathi, THE SPICE HUNTER, INC., Frontier Co-op, Kohinoor Foods Ltd., Live Organic Pvt. Ltd., Yogi Botanicals, Starwest Botanicals, Rocky Mountain Spice Company, The Spice House, earthendelight, UK Blending LTD., Daarnhouwer and Co, SunOpta, NaturevibeBotanicals, Spice Chain Corporation, Husarich GmbH, AKO GmbH, Pacific Spice Company, Inc. and McCormick and Company, Inc. among other.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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