Authored By: Sarah
15 Jul 2024

 Cinnamon Market Size to grow by USD 412.9 million between 2024-2028

According to a research report “ Cinnamon Market” by Product (Cassia cinnamon, Ceylon cinnamon) Application (Residential, Commercial) Geography (APAC, North America, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 412.9 million, at a CAGR of about 7.97% during the forecast period. In the dynamic business landscape of the food and beverage industry, the demand for natural and health-promoting ingredients has surged. Cinnamon, a versatile spice, has emerged as a valuable addition due to its numerous health benefits. Its antibacterial and antifungal properties make it an effective preservative for various food and beverage products. Cinnamaldehyde, an active compound in cinnamon oil, offers anti-inflammatory properties by preventing unwanted blood clotting. Furthermore, cinnamon is scientifically proven to regulate blood sugar levels in individuals with type-2 diabetes and is rich in essential minerals like manganese, calcium, and dietary fiber. This nutrient-dense spice also contributes to reducing the risk of heart disease and colon cancer, making it a smart business choice for health-conscious food and beverage companies.

Browse market data tables, figures, and in-depth TOC on “Cinnamon Market” by Product (Cassia cinnamon, Ceylon cinnamon) Application (Residential, Commercial) Geography (APAC, North America, Europe, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample


By Product, the Cassia cinnamon segment is projected to dominate the market size in 2024

The global cinnamon market is experiencing significant growth due to its widespread usage in food and beverage industries. This popular spice is sourced from various retail channels, including supermarkets, hypermarkets, grocery stores, convenience stores, and organic stores, catering to the increasing consumer demand, particularly in North America. European markets are also expanding, as regional cuisines incorporate cinnamon, creating new business opportunities for manufacturers. Traditional foods and exotic culinary preparations in Thai, Indian, Chinese, and Vietnamese cuisines continue to fuel market growth, with cinnamon providing unique flavors and tastes to these dishes.

By Application, Residential  segment is expected to hold the largest market size for the year 2024

In the global cinnamon market, Indonesian Cassia cinnamon holds the largest market share due to its affordability and widespread usage as a flavoring and seasoning agent in the food and beverage industry. In contrast, Saigon cinnamon, primarily grown in Vietnam, is a more expensive and robust variant, used not only for its distinct flavor in food and beverages but also for its medicinal properties, particularly in addressing health issues such as diabetes and arthritis. Meanwhile, Chinese cinnamon, predominantly produced domestically, is primarily utilized in traditional Chinese medicine for treating ailments such as cough and fever.

APAC is forecasted to hold the largest market size by region in 2024

As a seasoned virtual assistant, I am pleased to provide insights into the dynamic cinnamon market. This spice, renowned for its distinct flavor and aroma, experiences robust demand due to its numerous health benefits and versatile applications in culinary and wellness industries. Market trends indicate continuous growth, driven by increasing consumer awareness and preference for natural ingredients. Exporters and producers must stay abreast of these developments to capitalize on this lucrative market.

The Cinnamon Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Biofoods Pvt. Ltd.
  • Cell Foods
  • Ceylon Spice Co.
  • Cinnamon Exports Pvt Ltd.
  • EHL Ltd.
  • Elite Spice Inc.
  • EOAS Organics Pvt Ltd.
  • First Spice Mixing Co.
  • Goya Foods Inc.
  • HDDES Group
  • McCormick and Co. Inc.
  • Organic Spices Inc.
  • Ozone Naturals
  • Sauer Brands Inc.
  • SDS Spices
  • Taj Agro International
  • The Bart Ingredients Co.
  • The Great American Spice Co.
  • True Ceylon Spices
  • Vijaya Enterprises

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Research Analysis Overview

Cinnamon, a popular culinary ingredient derived from the inner bark of Cinnamomum trees, is known for its unique flavor and versatility in various food products. It is widely used in confectionery, bakeries, savory cuisines, and beverages, adding a delightful taste to dishes and enhancing their overall appeal. Organic cinnamon, free from antibiotic growth promotors commonly used in the poultry industry, is a healthier choice for those with medical conditions such as diabetes, high blood glucose levels, or sensitive stomachs. Cinnamon consumption has been linked to numerous health benefits, including relief from common cold and infections, and potential prevention of Alzheimer's disease and diabetes. Rich in antioxidants, nutrients, and minerals, cinnamon acts as an anti-inflammatory agent and helps reduce symptoms of diarrhea, gas, vomiting, nausea, muscular spasms, and stomach spasms. However, excessive consumption may cause side effects such as increased heart rate and bleeding disorders. Therefore, healthy eating and moderation are key when incorporating this spice into your diet.

Market Research Overview

Cinnamon is a popular culinary ingredient known for its unique flavor and numerous health benefits. This aromatic condiment is widely used in various cuisines around the world, including savory dishes, confectionery, beverages, and baked goods. Cinnamon's anti-inflammatory properties make it an excellent addition to organic foods for individuals with medical conditions such as arthritis and diabetes. Cinnamon is also known for its ability to regulate blood sugar levels, making it a popular ingredient in nutraceutical products for people with diabetes. The spice contains antioxidants, nutrients, and minerals that help fight inflammation and protect against infections, including the common cold. There are several types of cinnamon, including Saigon cinnamon, Korintje cinnamon, Cassia cinnamon, and Ceylon cinnamon. Cinnamon is used not only as a flavoring ingredient in food products but also in beverages, such as alcoholic drinks and herbal teas. Cinnamon consumption has been linked to the prevention and relief of various health issues, including diarrhea, gas, vomiting, nausea, muscular spasms, stomach spasms, and even Alzheimer's disease. In addition, cinnamon essential oil and cinnamon-based cosmetics are popular for their therapeutic properties. It's important to note that not all cinnamon is created equal. Some forms of cinnamon, such as those used in the poultry industry, may contain antibiotic growth promotors. Therefore, it's essential to choose high-quality, organic cinnamon for both culinary and health purposes. Cinnamon can be added to various foods, including fruits, cereals, bread-based foods, and even savory dishes. Its versatility and delicious taste make it a staple in healthy eating and a must-have in any kitchen.


Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200

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