Authored By: Sarah
24 Aug 2021

Cinnamon Market | Leading Segments, Trends, Drivers and Challenges
Market Segments and Growth Analysis 2021-2025

The Global cinnamon market is expected to grow by $ 355.92 mn, accelerating at a CAGR of about 7.40% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.


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Cinnamon Market: Leading Segments and Growth Analysis

This research report will provide insights into the current market share of each segment along with growth projections for the next five years.

  • The report segments the market by Product (Cassia cinnamon and Ceylon cinnamon) and Geography (APAC, North America, Europe, South America, and MEA). Each market segment is analyzed for past performance leading to future growth projections based on current market scenario.
  • 79% of the market growth will originate from APAC during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Cinnamon Market size.

Cinnamon Market Size to Grow by $ 355.92 mn through 2021-2025 | Leading Segments and Market Trends

Cinnamon Market: Top Trends, Drivers, Challenges to drive Market Recovery

Our report helps market players to discover the various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will provide clients with all the information they would require for designing a growth strategy for their business.

  • A significant factor in driving the growth of the Cinnamon Market will be the rising awareness about health benefits of cinnamon.
  • Another factor that will boost the market will be the Growing demand for natural food flavors.
  • Compliance constraints with international food standards and export regulations is a hurdle that needs to be crossed on the path to success.

Cinnamon Market: Vendor Analysis

  • The market is fragmented.
  • The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
  • Biofoods Pvt. Ltd., Elite Spice Inc., EOAS International, Goya Foods Inc., HDDES Group, McCormick and Company Inc., Organic Spices Inc., Ozone Naturals, Rathna Ceylon Cinnamon, and Taj Agro Products Ltd. are some of the major market participants.

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of about 7.40%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 355.92 mn through 2021-2025.

     
  3. What is a key factor driving this market?
    Rising awareness about health benefits of cinnamon will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    APAC, North America, Europe, South America, and MEA are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    79% growth will originate from APAC

     
  6. Who are the leading market vendors?
    The leading vendors in this market are Biofoods Pvt. Ltd., Elite Spice Inc., EOAS International, Goya Foods Inc., HDDES Group, McCormick and Company Inc., Organic Spices Inc., Ozone Naturals, Rathna Ceylon Cinnamon, and Taj Agro Products Ltd.

     
  7. What are the market segments covered in this report?
    The market is segmented by Product (Cassia cinnamon and Ceylon cinnamon) and Geography (APAC, North America, Europe, South America, and MEA)

Cinnamon Market Size to Grow by $ 452.47 mn through 2020-2024

The cinnamon market is expected to grow by $ 452.47 mn, accelerating at a CAGR of almost 8% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus. View Free Sample Report

Cinnamon Market: Segmentation by Product

This report provides a detailed analysis of the market by Product (cassia cinnamon and ceylon cinnamon), Geography (APAC, North America, Europe, South America, and MEA), and Distribution channel (offline and online). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges which are likely to influence market growth during the forecast period. These insights are expected to equip clients with reliable information based upon which they can design a growth strategy for their business and area of operations.

Cinnamon Market Size to Grow by $ 355.92 mn through 2021-2025 | Leading Segments and Market Trends

Cinnamon Market: Vendor Analysis

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Biofoods Pvt. Ltd., Elite Spice Inc., EOAS International, Goya Foods Inc., HDDES Group, McCormick & Co. Inc., Organic Spices Inc., Ozone Naturals, Rathna Ceylon Cinnamon, and Taj Agro Products Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

Technavio has been monitoring the Global Cinnamon Market and it is expected to grow by USD 452.47 million accelerating at a CAGR of about 8% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report

Cinnamon Market Size to Grow by $ 355.92 mn through 2021-2025 | Leading Segments and Market Trends

Cinnamon Market: rising awareness about health benefits of cinnamon to drive growth

One of the primary factors that will trigger the growth of the Cinnamon Market size is the rising awareness about the health benefits of consuming cinnamon. Health care experts have identified that cinnamaldehyde, an active component found in cinnamon oil, helps in preventing unwanted clotting of blood platelets. Cinnamaldehyde is also used as a preservative for a range of food products, primarily because of its antibacterial and antifungal properties.

Cinnamon Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Biofoods Pvt. Ltd., Elite Spice Inc., EOAS International, Goya Foods Inc., HDDES Group, McCormick & Co. Inc., Organic Spices Inc., Ozone Naturals, Rathna Ceylon Cinnamon, and Taj Agro Products Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report 

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