Cinnamon Market Is Likely to Experience a Tremendous Growth by 2031

Cinnamon is obtained from the branches of the Cinnamomum tree family, native to South America, the Caribbean, and Southeast Asia. Followed by black pepper, cinnamon is among one of the popular foods & beverage ingredients across the European and American regions. The global cinnamon market is projected to grow at a CAGR of 2.7% during the forecast period (2024-2031). Increased demand for cinnamon from the food & beverages, pharmaceutical, and cosmetics industry is the major aspect that drives the market growth during the forecast period. On the other hand, cinnamon also possesses various medicinal properties due to which it is widely accepted traditionally as an ingredient for the treatment of cough, arthritis, and sore throat. The application scope of the spice has expanded significantly, hence, contributing to the growth of the global cinnamon market during the forecast period

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Market Coverage

• Market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered- By Application
• Regions Covered- North America, Europe, Asia-Pacific, Rest of the World

Competitive Landscape- Pure Ceylon Cinnamon, HDDES Group, C.F. Sauer Co., First Spice Mixing Co., Elite Spice, Biofoods Pvt. Ltd., Ceylon Spice Co., EHL Ingredients, McCormick & Co., Inc., and SDS Spices (Pvt) Ltd. among other

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Cinnamon Market – Segmentation

By Application

• Food & Beverages
• Pharmaceutical
• Cosmetics

Cinnamon Market – Segmentation by Region 

North America                                                                                                           

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

• Latin America
• Middle East and Africa 

Company Profiles

• Biofoods Pvt. Ltd.
• C.F. Sauer Co.
• Ceylon Spice Co.

• EHL Ingredients
• Elite Spice
• First Spice Mixing Co.
• Great American Spice Co.
• HDDES Group
• High Plains Spice Co.
• Kahawatte Plantations PLC
• Lemur International, Inc.

• McCormick & Co.Inc.
• Monterey Bay Spice Co.
• Natural Spices of Grenada

• New Lanka Cinnamon Pvt. Ltd
• Pure Ceylon Cinnamon
• Risun Bio-Tech Inc.
• SDS Spices (Pvt) Ltd.

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Article source: https://article-realm.com/article/Food-Beverage/60865-Cinnamon-Market-Is-Likely-to-Experience-a-Tremendous-Growth-by-2031.html