Global Cinnamon Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2024 - 2034
However, supply chain inconsistencies, fluctuating raw material prices, and quality variation among producing regions pose restraints to market stability. Despite these challenges, the growing push toward organic certification, sustainable sourcing, and diversified end-use applications positions cinnamon as a promising ingredient in the evolving global spice market landscape.
Market Key Insights
- The Cinnamon market is projected to grow from $1.3 billion in 2024 to $2.4 billion in 2034. This represents a CAGR of 6.6%, reflecting rising demand across Food and Beverage, Pharmaceutical and Aromatherapy and Cosmetic.
The market leaders in this industry include Adam Group and Bio Foods Pvt Ltd and Ceylon Spice Company which determine the competitive dynamics of this market.
- Indonesia and Sri Lanka are the top markets within the Cinnamon market and are expected to observe the growth CAGR of 4.3% to 6.3% between 2024 and 2030.
- Emerging markets including Mexico, Ecuador and UAE are expected to observe highest growth with CAGR ranging between 7.6% to 9.1%.
The Cinnamon market will receive a $200.0 million boost from the expected increase in organic Cinnamon demand during the next ten years.
- The Cinnamon market is set to add $1.1 billion between 2024 and 2034, with manufacturer targeting Hotels & Restaurant & Ready To Eat Product Use Case projected to gain a larger market share.
- With
surge in demand for natural preservatives, and
growth in health-conscious consumers, Cinnamon market to expand 89% between 2024 and 2034.
Opportunities in the Cinnamon
Cinnamon has also the potential to leave a lasting impact on the industry as well thanks to its natural antibacterial and anti fungal properties that are also valuable for creating skincare and hair care items. The increasing preference for ingredients in beauty products adds to this prospect while ongoing studies exploring cinnamons capabilities in anti age products offer a promising path, for expansion.
Growth Opportunities in North America and Asia-Pacific
North America Outlook
This region demonstrates a strong and steadily expanding market for cinnamon, with the United States leading due to its large consumer base that widely incorporates the spice into diverse culinary applications and beverages. Growth is further fueled by rising awareness of cinnamon’s health benefits and the rapid expansion of the food and beverage sector. Although competition among established industry players remains intense, increasing demand within the health, wellness, and functional ingredients categories continues to create ample opportunities for new product development and market penetration.
Asia-Pacific Outlook
This region dominates the cinnamon market due to the extensive cultivation base in countries such as India, Sri Lanka, and Indonesia, which benefit from favorable agro-climatic conditions and long-established farming traditions. Competitive pricing and strong domestic consumption strengthen their market position further. Additionally, rising global demand for cinnamon in pharmaceutical, nutraceutical, and cosmetic applications presents substantial export growth opportunities. With increasing focus on value-added processing and quality certification, these countries are well-positioned to expand their presence in the international cinnamon supply chain.
Market Dynamics and Supply Chain
Driver: Surge in Demand for Natural Preservatives, and Technological Advancements in Processing
The increasing shift toward wellness-oriented lifestyles is also significantly boosting the demand for cinnamon. Health-conscious consumers are also drawn to its potent antioxidant, anti-inflammatory, and metabolic support properties, which enhance its appeal across functional foods, dietary supplements, and herbal beverages. As individuals prioritize natural ingredients that offer both preventive health benefits and nutritional value, cinnamon continues to gain traction as a versatile, clean-label ingredient. This growing consumer alignment with holistic wellness trends is also substantially contributing to the market’s overall expansion.
Restraint: Volatility in Raw Material Supply
Opportunity: Cinnamon in Functional Foods
Challenge: Low Consumer Awareness
Supply Chain Landscape
Jayanti Agrochem India Pvt Ltd
Adamje Lukmanjee & Sons Pvt Ltd
G.P. De Silva Spices
Ceylon Spice Company
McCormick & Company Incorporated
C.F. Sauer Company
Nestle SA
The Coca-Cola Company
Jayanti Agrochem India Pvt Ltd
Adamje Lukmanjee & Sons Pvt Ltd
G.P. De Silva Spices
Ceylon Spice Company
McCormick & Company Incorporated
C.F. Sauer Company
Nestle SA
The Coca-Cola Company
Applications of Cinnamon in Food & Beverage, Pharmaceutical & Aromatherapy & Cosmetic
The spice cinnamon brings a touch to food and drinks in the culinary world by enhancing the taste of dishes like apple pie and beverages like hot cocoa with its unique flavor profile. Not does cinnamon add to the culinary experience but it also offers potential health benefits such as anti-inflammatory properties which appeals to health conscious consumers. Leading company McCormick & Company has effectively promoted cinnamon as a spice, for both home and professional kitchens.
Cinnamons medicinal qualities make it a valuable ingredient in the sector for producing a range of health supplements and medications under thorough research for its promising effects in managing conditions such as diabetes and heart disease; prominent companies, like Amway have incorporated cinnamons health advantages into their nutra supplements.
The refreshing aroma of cinnamon is commonly utilized in aromatherapy to enhance function and uplift ones mood. It is also harnessed in beauty products for its antibacterial qualities that offer skincare advantages. Known brands such, as Bath & Body Works and The Body Shop have creatively incorporated cinnamon into their line of fragrant and cosmetic items.
Recent Developments
The Caturra Spice Inc debuted an organic cinnamon powder aimed at the bakery and confectionery industries.
Safinter S. A. expanded its cinnamon extract portfolio with a liquor-infused version
Spicehaus Corp collaborated with AgriTech, an agricultural technology company to upgrade their cinnamon farming methods and boost crop production.
There has been a significant shift in the global cinnamon market as consumers increasingly prioritize natural and organic ingredients, driving stronger demand across food, beverage, and cosmetic industries. Recent developments highlight expanding applications in clean-label formulations, enhanced extraction technologies, and growing interest in premium, sustainably sourced cinnamon varieties, further transforming the industry landscape.