The latest report by IMARC Group, titled “Cinnamon Market Report by Product (Ceylon, Cassia, Saigon, Korintje), Form (Whole, Extract), Sales Channel (B2B, B2C), and Region 2024-2032“, The global cinnamon market size reached US$ 1.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 1.7 Billion by 2032, exhibiting a growth rate (CAGR) of 3.2% during 2024-2032. 

For centuries, the aromatic spice cinnamon, extracted from the inner layers of Cinnamomum trees, has played a dual role in both cooking and medicine. Its unique blend of sweetness and earthy undertones, accompanied by a potent scent, has solidified its position as a favorite among global cuisines. From sweet treats to hearty main courses, cinnamon's adaptability has led to widespread adoption in the food and drink sector, imbuing dishes with richness and comfort. Moreover, this multifaceted spice has sparked interest for its potential therapeutic advantages, including its ability to combat inflammation and oxidative stress.

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Cinnamon Market Trends and Drivers:

Consumer awareness of the health benefits of consuming cinnamon is a key driver in the market. More people are turning to natural remedies and ingredients known for potential therapeutic effects, making cinnamon popular for its ability to regulate blood sugar, reduce inflammation, and serve as an antioxidant. Additionally, the food and beverage industry is significantly contributing to the growth of the global cinnamon market. The distinct flavor of cinnamon has made it a sought-after ingredient in various products, ranging from baked goods to specialtyees. To cater to consumers looking for unique flavors, food manufacturers and eateries are innovatively incorporating cinnamon into their offerings. Another significant trend is the market expansion of cinnamon to new regions beyond the traditional South Asian producers like Sri Lanka and Indonesia, indicating a growing market demand.

Report Segmentation:

The report has segmented the market into the following categories:

Product Insights:

  • Ceylon
  • Cassia
  • Saigon
  • Korintje

Form Insights:

  • Whole
  • Extract

Sales Channel Insights:

  • B2B
  • B2C

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Competitive Landscape with Key Player:

  • Bart Ingredients Company Ltd.
  • Biofoods Pvt. Ltd.
  • C.F. Sauer Company
  • Ceylon Spice Compan
  • Elite Spice Inc.
  • EOAS International
  • First Spice Mixing Company Inc.
  • HDDES Group
  • McCormick & Company Inc.
  • Organic Spices Inc.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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