The global Cinnamon Market was valued at US$ 760.2 million in 2018 and is estimated to grow at a CAGR of 13.8% and will touch the value of US$ 1.9 billion by the completion of the year 2025. This could be attributed to the ever-increasing awareness regarding health benefits provided by cinnamon. Healthy food habits and nutrition are topping the agenda of modern lives these days.
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Market Synopsis of Cinnamon Market:
As such, cinnamon has found its
presence in food & beverage sector as a preservative for loads of food
products; basically due to its anti-fungal and anti-bacterial properties.
Besides, healthcare experts opine that cinnamaldehyde; one of the active
components in cinnamon oil; does help in the prevention of blood platelets’
undesirable clotting.
Market Scope:
The market’s growth is also
getting impacted by the customers’ rising inclination toward cinnamon’s online
purchase. Competitive pricing and shopping convenience catalyze online sales of
cinnamon. Moreover, ease in the product’s accessibility makes it easily
available.
Market Segmentation:
The cinnamon market is segmented
based on product, application, distribution channels, and geography. By
product, the segmentation goes like Ceylon, Saigon, Korintje, Cassia, and
others (Malabar, Indian, and more). By application, the cinnamon industry goes
like medicines, cosmetics, and food & beverage. By distribution channel,
the segmentation states supermarkets, hypermarkets, online retailers, specialty
stores, and convenience stores. By geography, the same market says North
America, Europe, Asia Pacific, LATAM, and MEA.
Regional Insights:
Asia Pacific rules the roost due
to presence of prominent economies producing cinnamon herein. Plus, extensive
research is being carried out regarding medical applications. This is likely to
drive the cinnamon market in North America (Canada in particular, as it is a
home to chain of restaurants). Europe could also follow suit. LATAM is slowly
picking up due to Brazil taking the lead.
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Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Cinnamon: Market
Variables, Trends & Scope
Chapter 4 Cinnamon: Product
Estimates & Trend Analysis
Chapter 5 Cinnamon: Application
Estimates & Trend Analysis
Chapter 6 Cinnamon: End-use
Estimates & Trend Analysis
Chapter 7 Cinnamon: Industrial
End-use Estimates & Trend Analysis
Chapter 8 Cinnamon: Regional
Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Cinnamon:
Manufacturers Company Profiles
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