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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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Cinnamon Market – Segmentation
By Application
- Food & Beverages
- Pharmaceutical
- Cosmetics
Global Cinnamon Market – Segmentation by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global cinnamon market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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