Cinnamon is obtained from the branches of the Cinnamomum tree family, native to South America, the Caribbean, and Southeast Asia. Followed by black pepper, cinnamon is among one of the popular foods & beverage ingredients across the European and American regions. The global cinnamon market is projected to grow at a CAGR of 2.7% during the forecast period (2021-2027). Increased demand for cinnamon from the food & beverages, pharmaceutical, and cosmetics industry is the major aspect that drives the market growth during the forecast period. On the other hand, cinnamon also possesses various medicinal properties due to which it is widely accepted traditionally as an ingredient for the treatment of cough, arthritis, and sore throat. The application scope of the spice has expanded significantly, hence, contributing to the growth of the global cinnamon market during the forecast period.
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The global cinnamon market is segmented on the basis of applications as food & beverages, pharmaceutical, and cosmetics. The food & beverages segment of the market is projected to hold the most substantial share in the market. The segmental growth of the market is attributed to the increased use of cinnamon in the food & beverage industry as a food ingredient in various applications. Food products ranging from bakery products, spices, cold drinks, tea, coffee, and many others. Whereas, the pharmaceutical segment of the market is also projected to grow at a significant CAGR during the forecast period, attributed to the various medicinal benefits of cinnamon for the treatment of mild symptoms.
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The global cinnamon market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific region is projected to hold a significant market share. China, India, Japan, and the Rest of the Asia-Pacific are the major economies primarily contributing to the growth of the cinnamon market in the region. The regional growth of the market is accredited to the major countries importing cinnamon in the region. The key economies such as Vietnam, India, Bangladesh, Pakistan, Sri Lanka, China, and others are some of the major importers of cinnamon. Increased use of cinnamon in tea beverages is one of the major aspects that encourages the demand for cinnamon across the region. On the other hand, cinnamon is widely accepted as a key spice ingredient in the food industry which further creates wide scope for the growth of the market. Also, the key companies are expanding their businesses to emerging economies such as India, China, Vietnam in the region which further supports the growth of the market.
Global Cinnamon Market – Segmentation
Food & Beverage
Global Cinnamon Market – Segmentation by Region
Rest of Europe
Rest of Asia-Pacific
Rest of the World
Biofoods Pvt. Ltd.
C.F. Sauer Co.
Ceylon Spice Co.
First Spice Mixing Co.
Great American Spice Co.
High Plains Spice Co.
Kahawatte Plantations PLC
Lemur International, Inc.
McCormick & Co.Inc.
Monterey Bay Spice Co.
Natural Spices of Grenada
New Lanka Cinnamon Pvt. Ltd
Pure Ceylon Cinnamon
Risun Bio-Tech Inc.
SDS Spices (Pvt) Ltd.
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