The global cinnamon ground market is expected to foresee significant growth. APAC leads the growth!
- Vikas Kumar
- January 14, 2023
- CONSUMER GOODS, NEWS
- Asia Cinnamon ground market, Cinnamon ground, Cinnamon ground market, Cinnamon ground market analysis, Cinnamon ground market forecast, Cinnamon ground market growth, Cinnamon ground market share, Cinnamon ground market size, Cinnamon ground market trend, Europe Cinnamon ground market, Middle east Cinnamon ground market, US Cinnamon ground market
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The cinnamon ground market is expected to witness a CAGR of around 4% during the forecast period. Cinnamon is a spice that comes from the inner bark of the tropical Cinnamomum tree, sold as rolled quills or ground into a fine powder. Cinnamon contains antioxidants, which are a healthy component of the diet that help neutralize free radicals, preventing them from damaging cells in the body. As a result, it is used in various industries such as cosmetics, food & beverages, and pharmaceuticals. Moreover, the consumption of cinnamon is gaining importance as various studies have proved its capability in reducing fasting glucose levels in type II diabetic patients and is also helpful in Alzheimer’s disease. For instance, according to a report from the Alzheimer’s Disease Association, in 2022, neurodegenerative diseases affect millions of people worldwide. In the United States, as many as 6.2 million people may have Alzheimer’s disease. Pharmaceutical companies are focusing on developing cinnamon-based formulations as cinnamon has anti-inflammatory, anti-bacterial, anti-fungal, and anti-carcinogenic properties.
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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 antioxidant property which helps in preventing the risk of health conditions like cancer, heart disease, and diabetes. Ceylon cinnamon is also rich in the mineral manganese. This mineral helps the body to manage the enzymes that produce hormones and help repair bones.
On the basis of application, the cinnamon ground market has been classified into essential oils & aroma therapy, beverages, bakery & processed foods, pharmaceutical cosmetics, and others. The essential oils & aroma therapy category is to witness significant growth during the forecast period. Cinnamon extract is used as an essential oil in the cosmetics sector, where it can be used in a variety of personal care products. One of the most effective natural treatments for a variety of medical conditions, including constipation and colds, and coughs, is an essential oil containing cinnamon.
For a detailed analysis of the global cinnamon ground market browse through– https://univdatos.com/report/cinnamon-ground-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, and 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. This is mainly due to the growing demand for healthy and herbal products & high consumption of spices in the region. Further, the traditional use of spices in many Asian cuisines has been a major factor in the expansion of the cinnamon ground market in the region. Also, the growing population and urbanization, rising brand awareness, and expanding organized retail markets in developing nations are some major key factors for the growth of this market.
Some of the major players operating in the market include 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
Global Cinnamon Ground Market Segmentation
Market Insight, by Type
- Ceylon Cinnamon
- Cassia Cinnamon
- Saigon Cinnamon
- Korintje Cinnamon
Market Insight, by Application
- Essential Oils & Aroma Therapy
- Beverages
- Bakery & Processed Foods
- Pharmaceutical Cosmetics
- Others
Market Insight, by Region
- North America
- US
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- Rest of the World
Top Company Profiles
- 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
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