Cinnamon Market:
Cinnamon Market size was valued at US$ 916.5 Mn. in 2023 and the total revenue is expected to grow at CAGR 7.83% through 2024 to 2029, reaching nearly US$ 1553 Mn.
Cinnamon Market Overview:
The Cinnamon is popularly known as Dalchini (Cinnamomum zeylanicum), the eternal tree of tropical medicine, that belongs to the Family Lauracae. Cinnamon mainly contains vital oils and other derivatives, such as cinnamaldehyde, cinnamic acid, and cinnamate. Traditionally Cinnamon has been used in the treatment of cough, sore throat, arthritis, and others. Approximately 250 species have been identified among the cinnamon genus, with trees being scattered all over the world. Cinnamon is mainly found in Sri Lanka, Malabar, Vietnam, India, Cochin-China, Sumatra, and in Eastern Islands. In 2021, Cinnamon was the world’s 962nd most traded product and Cinnamon trade represented 0.0041% of total world production.
The study covers the latest revenue and Cinnamon market trends. It focuses on the factors that influence the Cinnamon market positively and negatively. It includes an overview of the Cinnamon industry, its definition, and structure, as well as preventive and planned management.
The report presents a market overview through common subjects that are highlighted with unique data based on the need. This helps in making decisions about how to approach the Cinnamon market and understanding the industry landscape. It also aids in determining the future potential of the Cinnamon market in the forecast years.
Cinnamon Market Report Scope and Research Methodology:
The report provides an in-depth analysis of the Cinnamon market size, share, and recent developments. The market was segmented into major segments and sub-segments to understand the Cinnamon industry in detail. The report also provides an in-depth analysis of the growth drivers, prevailing opportunities, major restraints, and upcoming challenges for the Cinnamon market.
SWOT analysis was used to identify the strengths, weaknesses, opportunities, and threats of the key Cinnamon market players in the Cinnamon industry. The report also includes information on acquisitions, global presence, mergers, joint ventures, and the financial position of the key Cinnamon market players. This helps to understand the competitive landscape of the Cinnamon market. The bottom-up approach was used to estimate the regional and global Cinnamon market size.
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Cinnamon Market Dynamics:
Cinnamon contains a number of advantageous qualities that help treat a number of medical issues. Along with other elements including sodium, carbs, sugar, fatty acids, and amino acids, cinnamon is a good source of iron, calcium, and manganese. Cough and colds, influenza, diarrhea, loose stools, toothaches, memory improvement, insomnia or restlessness, and other conditions are traditionally treated with cinnamon. Cinnamon also offers beneficial properties for health, such as antioxidants that fend off free radicals and stop cell deterioration. As a result, the demand for the product is rising everywhere due to the increasing usage of cinnamon in the pharmaceutical industry.
Cinnamon Market Regional Insights:
Geographically, the report is segmented into several key countries, with market size, growth rate, and import and export of Cinnamon market in these countries. North America, Europe, Asia Pacific, South America and the Middle East and Africa are the regions covered in the report.
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Cinnamon Market Segmentation:
Based on the Product type, the market is segmented into Ceylon, Cassia, Saigon, and Korintje.The Ceylon Cinnamon segment captured the largest market share accounted for 36.2 % in 2022. This segment is expected to grow at a CAGR of 6.1% during the forecast period. Ceylon contains many tight sticks with soft layers that provide a highly desirable quality and texture. Approximately 50–62% of its essential oil is cinnamaldehyde, which is quite low compared to cassia and gives a mild flavor. These features of Ceylon drive the segment growth across the globe.
Cinnamon Market Key Players:
1. Pure Ceylon Cinnamon
2. Ceylon Spice Company
3. HDDES Group
4. C.F Saucer Company
5.Biofoods Pvt Ltd
6.First Spice Mixing Company
7.Elite Spice
8.EHL Ingredients
9.McCormick & Company, Inc.
10.C.F. Sauer Company
11.Bart Ingredients
12.Organic Spices Inc.
13.Ozone Naturals
14.Rathna Ceylon Cinnamon
15.Taj Agro Products Ltd.
16.Fuchs Gewürze
17.B.G. Foods, Inc.
18.MDH Spices
19.Everest Spices
20.The Spice Merchants
21.Frontier Co-op
22.Penzeys Spices
23.Watkins
Key Questions answered in the Cinnamon Market Report are:
- Which are the key factors driving the Cinnamon market growth?
- Which region held the largest Cinnamon market share in 2022?
- Which trends are expected to generate additional revenue for the Cinnamon industry?
- What is the expected CAGR of the Cinnamon market during the forecast period?
- Who are the key players in the Cinnamon market?
Key Offerings:
- A Detailed Analysis of the Market Overview
- Market Share and Size
- Forecast by Revenue | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Route of administration, Application, Facility of use and Region and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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