Global Ceylon Cinnamon Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2024 - 2034
Ceylon Cinnamon is true cinnamon due to its fragrance and sugary flavor that sets it apart from the more common Cassia Cinnamon variety. It is mainly harvested from the bark of native Sri Lankan Cinnamomum verum trees which adds to its exclusive and high quality reputation in spice markets. Ceylon Cinnamon is widely used across industries including food and drinks as well, as pharmaceuticals because of its unique taste and health benefits.
Market Key Insights
- The Ceylon Cinnamon market is projected to grow from $820.5 million in 2024 to $1.64 billion in 2034. This represents a CAGR of 7.2%, reflecting rising demand across Culinary Delight, Beauty Ingredient and Health Booster.
The market leaders in this sector include Cinnamon Hill and Frontier Co-op and Sustar Industries which determine the competitive dynamics of the market.
- U.S. and India are the top markets within the Ceylon Cinnamon market and are expected to observe the growth CAGR of 4.7% to 6.9% between 2024 and 2030.
- Emerging markets including Brazil, UAE and South Korea are expected to observe highest growth with CAGR ranging between 8.3% to 9.9%.
The Ceylon Cinnamon market will experience a $123 million increase in growth through 2030 because of the transition toward organic products.
- The Ceylon Cinnamon market is set to add $824 million between 2024 and 2034, with manufacturer targeting Pharmaceuticals & Cosmetics Application projected to gain a larger market share.
- With
culinary regimes emphasizing natural ingredients, and
therapeutic advancements in herbal medicine, Ceylon Cinnamon market to expand 100% between 2024 and 2034.
Opportunities in the Ceylon Cinnamon
Ceylon Cinnamon presents potential in the cosmetics sector due to its antimicrobial properties and positive effects on skin health and appearance. Ceylon Cinnamon holds promise for integration into skincare and beauty items due, to its recognized properties and ability to enhance skin health.
Growth Opportunities in North America and Asia Pacific
North America Outlook
The market for Ceylon Cinnamon in North America is showing growth potential due to an increasing preference for natural and organic products in sectors such as healthcare and cuisine. The growing trend of including ingredients in everyday meals for their reputed health advantages has led to higher interest in Ceylon Cinnamon. Major players in the industry like McCormick and Simply Organic are intensifying competition in the market emphasizing the need, for a planned marketing approach to attract consumer attention. Advances in incorporating Ceylon Cinnamon into health supplements and foods also play a crucial role, in driving market growth in the region.
Asia Pacific Outlook
In the Asia Pacific region Ceylon Cinnamon is mainly obtained from countries like Sri Lanka known for its high quality cinnamon production globally. However the increasing popularity of spice mixtures in nations such as China and India due to changes in population demographics and evolving food tastes is creating opportunities for the expansion of the Ceylon Cinnamon market. The strong rivalry, among spice vendors necessitates a well thought out content marketing plan that uses consumer friendly language to draw in a larger online audience. The growth of the FMCG industry and rising recognition of the health benefits associated with Ceylon Cinnamon are factors, in this region.
Market Dynamics and Supply Chain
Driver: Culinary Regimes Emphasizing Natural Ingredients, and Expanding Avenues in Cosmetics and Personal Care
The healing advantages linked with Ceylon Cinnamon have also contributed to an increase in its use as a component in contemporary medicines. Ceylon Cinnamon is also well known for its inflammatory and antioxidant properties that play a crucial part in addressing different health conditions. The significant popularity of Ceylon Cinnamon, in the nutritional sectors supports this upward trend.
Restraint: Restriction High Production Costs
Opportunity: Innovating Culinary Uses and Exploring the Nutraceutical Market
The nutra market sees a future for Ceylon Cinnamon due to the increasing interest in health among buyers; this trend fuels the desire for organic ingredients like Ceylon Cinnamon to soar in demand rapidly thanks to its potent antioxidants and blood sugar regulation benefits. Making it a prime choice, for supplements and nutritious foods that appeal to health buffs and potentially boost profits significantly too.
Challenge: Market Competition from Cassia Cinnamon
Supply Chain Landscape
Dru Era
Pure Ceylon Cinnamon
Adamjees & Hedges
Harischandra Mills
Cinnamon Hill
Bio Foods Private Ltd
McCormick
Frontier Co-op
Dru Era
Pure Ceylon Cinnamon
Adamjees & Hedges
Harischandra Mills
Cinnamon Hill
Bio Foods Private Ltd
McCormick
Frontier Co-op
Applications of Ceylon Cinnamon in Culinary Delight, Beauty Ingredient & Health Booster
Ceylon Cinnamon is a sought-after spice in numerous recipes. Its unique sweet and warm flavor makes it an essential ingredient in kitchen racks. This of Ceylon Cinnamon, known as true cinnamon, is utilized in sweet and dessert recipes such as apple pie, cinnamon rolls, and coffee flavorings, empowering chefs to add a hint of richness to their dishes. The food and beverage industry players like McCormick and Simply Organic are known for their premium grade Ceylon Cinnamon products which have positioned them as market leaders.
This versatile spice is not only just about flavor. Owing to its high antioxidant, anti-inflammatory properties, and blood sugar regulating properties, Ceylon Cinnamon is extensively used in the pharmaceutical sector. It is particularly used in powdered form in capsules as a dietary supplement to promote heart health and support weight loss. Top pharmaceutical companies such as Natures Bounty and NutriFlair leverage the benefits of Ceylon Cinnamon in their wellness products, bolstering their market presence.
Lately, Ceylon Cinnamon is gaining notable traction in the cosmetics industry for its skin-enhancing benefits. Its natural antimicrobial, anti-inflammatory, and anti-aging properties make it an ideal ingredient in formulations such as face masks, scrubs, serums, and nourishing oils. Recent developments show growing interest from premium skincare brands, which are incorporating Ceylon Cinnamon to meet consumer demand for clean, botanical, and results-driven cosmetic solutions.
Recent Developments
McCormick & Company announced a sustainability initiative for their Ceylon Cinnamon supply chain, aiming to empower rural agrarian communities in Sri Lanka and ensuring environmental preservation
Dilmah Tea, known for its premium Ceylon tea, launched a new spin on their product line featuring blends with Ceylon Cinnamon promising health benefits
Kiva Health Brands entered into a strategic partnership with Sri Lankan farmers to source premium quality Ceylon Cinnamon directly, ensuring fair trade norms and promoting local economies.
In recent years, the market for Ceylon Cinnamon has proven to be promising. Recognized as true cinnamon, this product is gaining increasing traction for its distinctive sweet aroma, lighter color, and health benefits compared to common cinnamon, often referred to as Cassia.