Global Cinnamon Market Outlook, 2029

The globe's Cinnamon Market is a thriving industry with strong roots in history, culture, and culinary customs from all over the world. The Genus Cinnamomum has various tree species, and the inner bark of these trees is used to make cinnamon, which is valued for both its therapeutic and aromatic qualities. Cinnamon has a long history of trade and can be traced back to Southeast Asia and Sri Lanka, where it was initially farmed and valued for its uniqueness and rarity. From the Middle East to South Asia and beyond, this spice is used in a wide variety of savory and sweet foods, drinks, and even traditional remedies. It has great cultural significance in many cuisines. One of the unique features of the cinnamon market is the differentiation between Ceylon (real) cinnamon and Cassia cinnamon. The former is valued for its mild flavor and higher cost, whereas the latter is more accessible and has a stronger flavor. In order to meet worldwide demand, the business is characterized by a blend of contemporary farming technologies and traditional production methods. Furthermore, cinnamon's economic significance and enduring appeal are highlighted by its involvement in international trade and integration into a variety of culinary traditions. Sustainability and quality are playing a bigger role in the future of the global cinnamon sector as consumers become more aware of its health benefits, especially in regulating blood sugar levels and facilitating digestion. According to the research report, “Global Cinnamon Market Outlook, 2029” published by Bonafide Research the market is anticipated to cross USD 1.55 Billion by 2029. The growing demand from consumers for natural and functional food ingredients is expected to propel the cinnamon industry's expansion. Growing knowledge of the health advantages of cinnamon, such as its antioxidant qualities and possible role in blood sugar regulation, is supporting the market's growth prospects. The dynamics of the market show a strong supply chain that is mostly controlled by Southeast Asian nations like China, Vietnam, and Indonesia, which are significant producers of both Cassia and Ceylon cinnamon. These areas profit from well-established farming techniques that guarantee a steady supply and high quality, as well as from their ideal climate. Furthermore, technical developments in the fields of production, processing, and distribution are improving market efficiency and broadening the range of uses for cinnamon beyond its traditional use in food, to include personal care, cosmetics, and pharmaceuticals. The cinnamon business is well-positioned to benefit from the shift in global consumption patterns towards wellness goods and natural ingredients. This will spur innovation and long-term market expansion.

Market Drivers •Growing Consumer Preference for Natural and Healthful Ingredients: As people become more aware of the health advantages of spices like cinnamon and lead healthier lifestyles, there is a growing demand for natural and organic food products. Thanks to its anti-inflammatory and antioxidant qualities as well as its possible blood sugar-regulating benefits, cinnamon is becoming more and more common in food, drink, and dietary supplement formulations. The need for cinnamon as a natural flavoring and practical component is only increasing as people look for healthier substitutes for artificial ingredients and additives. •Increasing Use in the Food and Drink Sector: Due to its adaptability and unique flavor, cinnamon is now used for purposes other than just cooking. These days, it's frequently utilized in the food and beverage sectors to flavor a wide range of items, such as dairy products, baked goods, confections, hot and cold beverages, and savory foods. The spice is a popular choice for improving the sensory appeal of items because of its capacity to create a warm, sweet-spicy scent and taste. Additionally, cinnamon's market demand has been further expanded by its use in energy drinks, herbal and natural teas, and health supplements, which appeal to a wide range of customer tastes and preferences around the world. Cinnamon continues to be a popular ingredient, fueling industry innovation as food and beverage makers experiment with novel product formulas and flavors. Market Challenges •Problems with Quality Control and Authentication: Making sure that the cinnamon is authentic and of high quality is one of the biggest issues facing the industry. This is particularly true when it comes to differentiating between Ceylon cinnamon, which is the real deal, and Cassia cinnamon. There have been cases of adulteration and mislabeling; where inferior Cassia cinnamon has been sold as Ceylon cinnamon because of the latter's greater market value. This is a problem for manufacturers and customers looking for authentic, premium cinnamon goods. These issues can be lessened by establishing trustworthy certification and traceability systems, which will preserve consumer confidence and guarantee supply chain transparency. •Price Volatility and Market Fluctuations: Variations in price can be caused by a number of variables, including weather patterns, geopolitical developments, and shifts in the dynamics of supply and demand in the cinnamon market. For instance, unfavorable weather in important areas that produce cinnamon might have an impact on crop production and cause price swings. Furthermore, changes in consumer tastes for natural and organic goods may have an effect on pricing patterns and market dynamics. Growers, processors, and traders are among the market participants who must carefully negotiate these variations in order to control costs and preserve profitability. Resilient supply chains and risk management plans are critical to reducing the effects of price volatility in the Cinnamon Market. Market Trends •Growing Preference Among Consumers for Organic and Sustainable Cinnamon Products: Organic and sustainably derived cinnamon products are becoming more and more popular. Customers are looking for items that are cultivated without the use of artificial fertilizers or pesticides as they are become more aware of the effects that agricultural practices have on the environment. Growing health and environmental consciousness has prompted businesses in the cinnamon industry to embrace organic certification and sustainable farming methods, which is driving this development. Furthermore, certifications like USDA Organic and Fair Trade are becoming more and more well-known, guaranteeing honest prices and moral production methods for growers of cinnamon. Consequently, in order to meet the needs of this growing market of environmentally and health-conscious customers, suppliers and retailers are increasing the variety of organic cinnamon they provide. •Growing Use in Functional Foods and Drinks: Because of its alleged health advantages and fragrant qualities, cinnamon is being used more and more in functional foods and drinks. It's commonly found in goods like granola mixes, teas, energy bars, and health drinks that help with immunity, blood sugar regulation, and digestion. Innovation in products infused with cinnamon has been fueled by the growing demand for natural and functional ingredients in the food and beverage sector. Furthermore, cinnamon's adaptable flavor profile allows it to be used in savory as well as sweet recipes, increasing its popularity in culinary arts. The increasing demand for functional foods and drinks containing cinnamon is anticipated to fuel market expansion and innovation in product formulations and uses as consumers' interest in holistic health and wellbeing develops.

Based on the report, the End User segment is segmented into Residential, and Commercial & Others. Residential segment is expected to lead in the Cinnamon Market based on widespread household use for cooking, baking, and home remedies. Due to the common usage of cinnamon in homes for home cures and cooking, the Residential end user segment dominates the Cinnamon Market. A common spice in kitchens all around the world, cinnamon is prized for its flavorful scent that complements a wide range of foods, from savory stews and curries to sweet desserts like apple pie and cinnamon buns. Because of its warming, sweet-spicy flavor, it is a popular component in both traditional and modern cuisines across the globe, which consistently drives demand from customers looking to improve the flavor and aroma of their home-cooked meals. Beyond its culinary use, cinnamon's purported health benefits make it valuable in residential situations. Because of its antioxidant characteristics and capacity to improve digestion, lower inflammation, and control blood sugar levels, it is frequently used in natural health practices and home treatments. Cinnamon's dual use as a culinary spice and a component that promotes health serves to further cement its appeal in residential settings. Its attractiveness has also been increased by the growing trend towards natural and organic products, with customers favoring cinnamon that comes from reliable sources like Ceylon cinnamon (genuine cinnamon) because to its higher quality and purity. The dominance of the residential segment in the global cinnamon market highlights the indispensable position that cinnamon plays in households across the globe, mostly due to its claimed health advantages and culinary variety. Based on the report, the Type segment is segmented into Ceylon Cinnamon, Cassia Cinnamon, Saigon Cinnamon, Korintje Cinnamon & Others. The Cassia Cinnamon segment is estimated to grow at a higher growth rate in the Cinnamon Market due to its stronger flavour profile and lower cost compared to Ceylon cinnamon. The market for Cinnamon is seeing expansion in the Cassia Cinnamon sub-segment because of a number of important causes. First off, many customers and businesses choose Cassia cinnamon (Cinnamomum cassia) over Ceylon cinnamon (genuine cinnamon) because it is more affordable and easier to find. This is especially true in the food processing and flavoring industries where cost-effectiveness is essential. Moreover, Cassia cinnamon has a more potent and spicy flavor profile than Ceylon cinnamon, which makes it appropriate for several culinary uses where a stronger cinnamon flavor is needed, like baking, confections, and savory foods. Furthermore, Cassia cinnamon is well-known for its strong color and scent, which increases its allure in both home and foreign markets. Cassia cinnamon's expansion is aided by the fact that it is widely available from leading producers like China and Indonesia, who control the majority of the world's supply chains and production, guaranteeing steady supply and affordable prices. Cassia cinnamon is well-positioned for continuous expansion in the cinnamon industry due to its versatility and economic viability, particularly in light of the diversifying consumer preferences and growing global demand for products containing cinnamon. Asia Pacific Region is expected to dominate the Cinnamon Market due to its major production hubs in countries like Indonesia, Vietnam, China, and Sri Lanka, which are leading global suppliers of both Ceylon Cinnamon and Cassia Cinnamon varieties. The market for Cinnamon is dominated by Asia Pacific for a number of strong reasons. First of all, the region is home to important nations that produce cinnamon, like China, Vietnam, Indonesia, and Sri Lanka, which together produce a sizable amount of the spice produced worldwide. These nations profit from temperate tropical temperatures that are perfect for growing cinnamon, guaranteeing plentiful and steady harvests. Second, high-quality manufacturing techniques are guaranteed by the deep-rooted knowledge and rich heritage in cinnamon cultivation and processing that Asia Pacific has passed down through the decades. Thirdly, the region's close proximity to important consumer markets in North America, Europe, and the Middle East makes it easier for cinnamon products to be efficiently distributed and exported, which lowers logistical costs and boosts market competitiveness. Furthermore, the growing desire for natural and organic food ingredients worldwide has increased the appeal of premium cinnamon kinds from Asia Pacific, such Ceylon cinnamon (also known as real cinnamon), which is prized for its exceptional quality and health advantages. Together, these elements highlight Asia Pacific's leading position in the world market for cinnamon, which is fueled by the region's strong production capacities, historical knowledge, and advantageous market access. •September 2021: With the assistance of the CSIR's Institute of Himalayan Bioresource Technology (IHBT), Himachal Pradesh became the first state in India to start the organic production of a real variety of cinnamon. •The European Union formally awarded Sri Lanka's Ceylon cinnamon a protected geographical indicator certificate in February 2023. This GI promotes commercial distinction and collective control over the product. Considered in this report • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • Cinnamon Market Outlook with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Type • Ceylon Cinnamon • Cassia Cinnamon • Saigon Cinnamon • Korintje Cinnamon • Others By Application • Cosmetics • Food & Beverage Products • Others By Distribution Channel • Hypermarkets/ Supermarkets • Online Retailers • Convenience Stores • Others By End User • Residential • Commercial The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Cinnamon industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.