Cinnamon Market Size is Anticipated to Hit USD 1672.13 Million by 2030

According to Maximize Market Research report, the Cinnamon Market size was valued at USD 988.26 Mn. in 2023 and the total revenue is expected to grow at CAGR 7.83% through 2024 to 2030, reaching nearly USD 1672.13 Mn.

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Cinnamon Market Overview:

Cinnamon, scientifically known as Cinnamomum zeylanicum and commonly called Dalchini, is a tropical medicinal tree from the Lauraceae family. The tree produces essential oils and derivatives such as cinnamaldehyde, cinnamic acid, and cinnamate, which have long been used for their therapeutic benefits, including treating coughs, sore throats, and arthritis. The cinnamon genus contains around 250 identified species, with trees growing across various regions worldwide, including Sri Lanka, Vietnam, India, and the Eastern Islands. Despite its relatively small share in global trade, with cinnamon representing 0.0041% of total world production in 2021, it remains a highly valuable commodity in international markets.

Drivers in the Cinnamon Market:

The growth of the Cinnamon Market can be attributed to its increasing use in the food and beverage industry, where it is sought after for its flavor, aroma, and health benefits. As demand for natural ingredients and functional foods rises, cinnamon’s appeal has expanded beyond traditional uses, with manufacturers incorporating it into a variety of products such as baked goods, snacks, and beverages. Additionally, cinnamon's therapeutic properties, particularly in managing conditions like diabetes, high cholesterol, and digestive issues, have contributed to its growing popularity in the health and wellness sector. The increasing preference for natural remedies and alternative medicines further supports the market's expansion.

Cinnamon Market Key Trends:

One of the key trends in the Cinnamon Market is the growing consumer preference for organic and sustainably sourced cinnamon. As consumers become more conscious of environmental and health issues, there has been a shift toward products that are certified organic and ethically harvested. This trend aligns with the broader move toward clean-label ingredients, where transparency and sustainability are prioritized. Additionally, innovations in cinnamon-based health supplements and beauty products are expanding the spice’s use beyond food and pharmaceuticals, tapping into new markets and broadening its consumer base.

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What is expected growth of Cinnamon Market by Product segmentation?

The Cinnamon Market is expected to experience significant growth across various product segments, driven by the increasing demand for both Cinnamomum verum (true cinnamon) and Cinnamomum cassia (cassia cinnamon). True cinnamon is gaining popularity due to its premium quality and superior health benefits, especially in the organic and functional food sectors. On the other hand, cassia cinnamon, being more cost-effective, is expected to maintain a strong presence in the mass-market food and beverage industries. Additionally, the growing use of cinnamon in health supplements, essential oils, and beauty products is further expanding the market across these segments.

Country-Specific Insights

Cinnamon Opportunities in Austria

Austria’s demand for cinnamon has seen notable growth, with increasing consumer interest in organic and functional food products. The rise of health-conscious consumers is driving the popularity of cinnamon as a spice and supplement. The Austrian market is also witnessing growing investments from companies like Sambavan, who are focusing on offering high-quality cinnamon products. The cinnamon industry in Austria is poised for growth as both retail and foodservice sectors expand their offerings in wellness products.

Cinnamon Growth in Belgium

In Belgium, the cinnamon market is growing steadily, with more companies incorporating cinnamon into their range of health products. As Belgium has a strong presence in the European food and beverage industry, the demand for cinnamon-based products, such as cinnamon whiskey and desserts, is increasing. The Belgian market is also benefitting from mergers and acquisitions, such as Herboristerie du Palais Royal's acquisition of local spice companies, which is expected to further drive market growth.

Cinnamon Trends in Germany

Germany, one of the largest spice markets in Europe, is witnessing a surge in demand for cinnamon, particularly in organic and vegan food categories. The country's strong health and wellness trend is contributing to the cinnamon market's expansion. Recent developments include Cinnamomum Germany's strategic partnership with organic food producers, which is expected to boost the market share of organic cinnamon. As health trends continue to dominate, cinnamon's demand is set to rise significantly in Germany.

Cinnamon Consolidation in France

In France, the cinnamon market is experiencing consolidation as key players like Doyon Spices merge with smaller local spice brands to increase their market share. This consolidation is helping improve distribution channels and broaden the availability of cinnamon products across the country. The growing consumer preference for cinnamon in both culinary and health-related applications is a major driver for these consolidations, positioning France as a key player in the European cinnamon market.

Cinnamon Updation in Italy

Italy’s cinnamon market is undergoing significant updates, with a shift toward using cinnamon in a wider variety of food and cosmetic products. Recent changes include the development of cinnamon-based skincare lines by brands like San Remo Cosmetics, tapping into the growing demand for natural ingredients in personal care. Additionally, Italy is seeing an increase in cinnamon imports as the spice's versatility expands within Italian cuisine.

Cinnamon Opportunities in Spain

Spain is experiencing a steady increase in the demand for cinnamon, driven by both domestic consumption and its use in international exports. Lavoro Spices recently invested in expanding its cinnamon product line in Spain, targeting both the pharmaceutical and food sectors. Spain's strategic location for cinnamon exports to other European markets further enhances its role in the global supply chain, opening up new opportunities in Spain’s cinnamon industry.

Cinnamon Trends in the UK

In the UK, cinnamon's popularity is spiking, especially in the food and beverage industry, with growing interest in cinnamon-flavored drinks and health supplements. The UK’s wellness culture is encouraging the use of cinnamon as a natural remedy for various ailments, from digestive issues to inflammation. Recent partnerships, such as Cinnamon House UK joining forces with leading health food chains, are expected to promote greater consumption of cinnamon products across the country.

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Segmentation Analysis of the Cinnamon Market:

by Product

Ceylon

Cassia

Saigon

Korintje

by Form

Quills

Chips

Powder

Oil

Others

by Application

Essential Oils & Aroma Therapy

Beverages

Bakery

Other Processed Food

Pharmaceutical

Cosmetics

by Distribution Channel

Hypermarkets

Supermarkets

Online Retailers

Convenience Stores

Specialty Stores

Others

Who is the largest manufacturers of Cinnamon Market worldwide?

North America

C.F Saucer Company

First Spice Mixing Company

Elite Spice

McCormick & Company, Inc.

C.F. Sauer Company

Organic Spices Inc.

B.G. Foods, Inc.

The Spice Merchants

Penzeys Spices

Watkins

Europe

EHL Ingredients

Bart Ingredients

Fuchs Gewürze

Frontier Co-op

Asia Pacific

Pure Ceylon Cinnamon

Ceylon Spice Company

HDDES Group

Biofoods Pvt Ltd

Rathna Ceylon Cinnamon

Taj Agro Products Ltd.

MDH Spices

Everest Spices

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