Global Cinnamon Market Report and Forecast 2024-2032

Global Cinnamon Market Outlook

The global cinnamon market is expected to grow at a CAGR of 7.9% during the period 2024-2032. The market is expected to be driven by applications of cinnamon in foods and its medicinal benefits. North America, Europe and Asia are likely to be key markets.

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Global Market Likely to be Driven by Health Benefits of Cinnamon and Several Other Applications

Cinnamon (the genus Cinnamomum) is a small tropical tree belonging to the lauraceae family. There are around 250 species of Cinnamomum. Essential oils extracted from cinnamon are commonly used in the food and cosmetic industries. Cinnamon comprises natural antioxidant, anti-microbial and anti-inflammatory components, like volatile oils, flavonoids, curcuminoids, coumarins, tannins, alkaloids, xanthones, terpenoids, phenolics and other compounds in considerable amounts. Cinnamon is mainly cultivated in India, Vietnam, Indonesia, Sri Lanka, China, and Madagascar.

Benefits Offered by Cinnamon in Diabetes and Cardiovascular Diseases Expected to Boost Market Growth

Diabetes and cardiovascular diseases are major causes of death across the world; traditionally, cinnamon has been employed as an important spice as well as medicine. Studies have reported beneficial effects of cinnamon against cardiovascular diseases, including endothelium protection, immune response regulation, lowering blood lipids, antioxidative properties, anti-inflammatory properties, suppression of vascular smooth muscle cell (VSMC) growth and mobilization, repression of platelet activity and thrombosis and inhibition of angiogenesis.

It has been further suggested that cinnamon helps in diabetes (a crucial risk factor for cardiovascular diseases) by improving insulin sensitivity and insulin secretion; regulating enzyme activity involved in glucose; regulating glucose metabolism in liver, adipose tissue and muscle; relieving oxidative stress and inflammation to defend islet cells; and improving complications related to diabetes. These factors are expected to contribute to the growth of the global cinnamon market.

Use of Cinnamon in Poultry Feed Expected to Stimulate the Market

Increased bacterial resistance to synthetic antibiotics and rising consumer awareness towards health and food safety concerns have led to a ban on the use of antibiotic growth promotors (AGPs) in the poultry industry. The poultry sector has been forced to seek safe alternatives to AGPs and develop sustainable feed management strategies to enhance intestinal health and growth performance of poultry. In recent years, cinnamon has gained much attention as a natural product with several health benefits to poultry. The essential oils present in cinnamon carry antioxidant, anti-microbial, anti-inflammatory, antifungal, and hypocholesterolaemic properties, and the ability to stimulate digestive enzymes in the gut.

Use of Cinnamon in Foods and Cosmetics Expected to Boost the Market

Cinnamon is used in savoury dishes, pickles, soups, and sweets. Cinnamon bark, leaves, flowers and fruits are used to make essential oils, used in cosmetics and food products. In some European nations, cinnamon-flavoured foods are becoming increasingly popular. C. cassia is more popular than C. verum in Europe. Biscuits containing cinnamon are popular in Germany. In the northern part of Greece, meat with cinnamon is a popular traditional food. Cinnamon rolls are popular in USA. These uses are expected to drive the global cinnamon market.

Market Segmentation

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By form, the market is segmented into:

• Whole
• Extract (further broken down by form into)
  • Powder
  • Oil

By product, the market is classified into:

• Ceylon
• Cassia
• Saigon
• Korintje

By application, the market is divided into:

• Food and Beverage
• Cosmetics
• Pharmaceuticals
• Others

By distribution channel, the market is classified into:

• Offline
• Online

By region, the market is segmented into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

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Key Industry Players in the Global Cinnamon Market

The report presents a detailed analysis of the following key players in the market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Pure Ceylon Cinnamon
• Biofoods Pvt Ltd (BIBP)
• HDDES Group
• Sauer Brands, Inc. 
• First Spice Mixing Company Inc. 
• Elite Spice, Inc.
• Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
 

Key Highlights of the Report