Spice of Life: Exploring the Cinnamon Market

Cinnamon Market size was valued at US$ 916.5 Mn. in 2022 and the total revenue is expected to grow at CAGR 7.83% through 2023 to 2029, reaching nearly US$ 1553 Mn.

Cinnamon Market Overview:

Market Scope:

The Global Cinnamon Market Report provides a comprehensive analysis of the market, covering data on several factors such as constraints, opportunities, drivers, and threats. The report provides the most up-to-date research on the current global market development plan, as well as the pre- and post-Covid-19 scenarios. It also provides a comprehensive analysis of the market’s size based on end-user applications, products, kinds, trends, and major geographic areas.

Drivers:

Major restraints and drivers that affect the Cinnamon market have also been covered in the Cinnamon market report.

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Segmentation:

The market is divided into Ceylon, Cassia, Saigon, and Korintje depending on the type of product.The sector with the biggest market share in 2022—36.2%—was Ceylon Cinnamon. Throughout the forecast period, this market sector is anticipated to expand at a CAGR of 6.1%. Ceylon is full of dense sticks with soft layers that have an extremely appealing quality and texture. Cinnamaldehyde makes up about 50–62% of its essential oil, which is relatively little compared to cassia and imparts a moderate flavor. These characteristics of Ceylon fuel the segment’s growth internationally.

Key Players: the key players are

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

Regional Analysis:

The report has assessed the global Cinnamon market in the following regions:

• America, North (the United States, Canada)
• European Union (Germany, France, United Kingdom, Russia)
• Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
• Latin America (Brazil, Argentina, Colombia)
• Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa)

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The report also includes the following:

• The analysis looks at how the Cinnamon market is expected to grow in the future. Using Porter’s five forces analysis to examine several perspectives on the Cinnamon market
• Analyzing the product type that is most likely to dominate the market and the regions that are most likely to see rapid growth throughout the projected period
• Identify new advancements, Cinnamon market shares, and the leading market players’ strategies.

Key Questions answered in the Cinnamon Market Report are:

• Which key trends are likely to emerge in the Cinnamon market in the forecast period?
• What will be the Cinnamon market size by 2029?
• Which company had the biggest share in the Cinnamon market in 2022?