Cinnamon Ground Market: Current Analysis and Forecast (2022-2028)

The global cinnamon ground market is expected to grow at a significant rate of around 4% during the forecast period. Cinnamon is a spice that comes from the bark of Cinnamomum trees. The growing awareness of cinnamon's health benefits, including its ability to lower blood glucose and cholesterol levels, is fueling the expansion of the global cinnamon market. Cinnamon is a common ingredient in Middle Eastern and Asian cuisines. Cinnamon's ability to lower fasting glucose levels in type II diabetics has been shown in several studies, so its consumption is becoming increasingly popular. Due to cinnamon's anti-inflammatory, anti-bacterial, anti-fungal, and anti-carcinogenic properties, pharmaceutical companies are concentrating on the creation of cinnamon-based formulations.

The worldwide growth of several industries, including food and beverage, pharmaceuticals, cosmetics, and personal care is propelling the growth of the cinnamon ground market. Also, a surge in consumer awareness of cinnamon's nutritional and therapeutic benefits is expected to drive market growth.

EHL Ingredients, First Spice Mixing Company, ACH Food Companies Inc., Biofoods Pvt Ltd, McCormick & Company Inc., Sauer Brands, Elite Spice, HDDES Group, SDS Spices, Ceylon Spice Company are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report:

"Amongst type, Ceylon cinnamon category to witness robust CAGR during the forecast period"

Based on type, the market is segmented into ceylon cinnamon, cassia cinnamon, saigon cinnamon, and korintje cinnamon. The ceylon cinnamon category is to witness higher CAGR during the forecast period owing to its medicinal and antioxidant properties that will be helpful in chronic conditions like heart disease, diabetes, and arthritis. Furthermore, rising product development to match the global demand for ceylon cinnamon will contribute to the growth of the market during the forecast period. For instance, in 2019, Sri Lanka Export Development launched a new brand called 'Ceylon Spice' for the production, processing, and branding of Sri Lankan-origin spices such as cinnamon. Also, ceylon cinnamon reduces cholesterol levels & inflammation and improves insulin response.

"Amongst application, the essential oils & aroma therapy to hold a significant share in the market in 2020"

On the basis of application, the market is categorized into essential oils & aroma therapy, beverages, bakery & processed foods, pharmaceutical cosmetics, and others. Among these, essential oils & aroma therapy to hold a significant share of the market in 2020. This is mainly due to the growing awareness of natural and organic foods, beverages, and personal care items. This has had a significant impact on the global cinnamon ground market. It is anticipated that the numerous health benefits of essential oils will drive their demand in pharmaceutical and medical applications.

"APAC to hold a significant share in the market"

For a better understanding of the market adoption of the cinnamon ground market, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. APAC is anticipated to grow at a considerable CAGR during the forecast period owing to the high demand for cinnamon ground as a spice and in the healthcare sector due to the high prevalence of chronic diseases such as digestive diseases, Alzheimer's, and diabetes in the region is likely to spur product demand. For instance, as per the International Diabetes Federation (IDF), 90 million adults (20-79) are living with diabetes in the South-East Asia region in 2021. This figure is estimated to increase to 113 million by 2030 and 152 million by 2045. Moreover, Ceylon cinnamon is especially popular in Asian countries due to its extremely low levels of coumarin, a chemical known to result in liver damage.

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Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

The study comprehensively covers the market across different segments.

Deep dive regional level analysis of the industry.

Customization Options:

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