Global Cinnamon Market Growth 2023-2029

Global Cinnamon Market Growth 2023-2029

Cinnamon is a spice obtained from the inner bark of several trees from the genus Cinnamomum that is used in both sweet and savory foods.

LPI (LP Information)' newest research report, the “Cinnamon Industry Forecast” looks at past sales and reviews total world Cinnamon sales in 2022, providing a comprehensive analysis by region and market sector of projected Cinnamon sales for 2023 through 2029. With Cinnamon sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Cinnamon industry.

This Insight Report provides a comprehensive analysis of the global Cinnamon landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Cinnamon portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Cinnamon market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Cinnamon and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Cinnamon.

The global Cinnamon market size is projected to grow from US$ 1337.3 million in 2022 to US$ 2184.4 million in 2029; it is expected to grow at a CAGR of 2184.4 from 2023 to 2029.

Asia Pacific has developed as the dominant region in global cinnamon market followed by Europe. Increasing demand for spices as a flavoring agent in various food products, has strengthened the growth of global cinnamon market and hence is projected to significantly expand the revenue contribution of the market over the forecast period.

This report presents a comprehensive overview, market shares, and growth opportunities of Cinnamon market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Chinese Cinnamon
Sri Lanka Cinnamon
Others

Segmentation by application
Medicinal Use
Spice
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Adam Group
Bio Foods
Everson Spice Company
Goya Foods
HDDES Group
First Spice Mixing Company
C.F. Sauer Company
EOAS International
Bart Ingredients Company
Adams Extract & Spice
ACH Food Companies
Frontier Natural Products
Cassia Co-op
Naturoca
Cino Ceylon
Cinnatopia

Key Questions Addressed in this Report

What is the 10-year outlook for the global Cinnamon market?

What factors are driving Cinnamon market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Cinnamon market opportunities vary by end market size?

How does Cinnamon break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.