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Cinnamon Market
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Cinnamon Market

Author: Debadatta Patel - Senior Consultant, Report ID - DS1901033, Published - January 2025

Segmented in Product Type (Cassia, Ceylon), Use Case (House Cooking, Hotels & Restaurant, Ready To Eat Product), Form, Distribution Channel and Regions - Global Industry Analysis, Size, Share, Trends, and Forecast 2024 – 2034

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Global Cinnamon Market Outlook

The world of food and drink has warmly embraced cinnamon as an ingredient with humble beginnings but remarkable versatility and value in various culinary creations. The market, for Cinnamon was estimated at $1.3 billion in 2024. It is anticipated to increase to $1.9 billion by 2030 with projections indicating a growth to around $2.6 billion by 2035. This expansion represents a compound annual growth rate (CAGR) of 6.6% over the forecast period. From savory dishes to sweet treats and drinks alike! Its aromatic essence adds a touch to our dining experiences and its health benefits only enhance its appeal, in the market.


Cinnamon adds a richness, to dishes that delights the palate and enhances the dining experience in a distinctive way.


Market Size Forecast & Key Insights

2019
$1.3B2024
2029
$2.4B2034

Absolute Growth Opportunity = $1.1B

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 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 Market

Cinnamon in Functional Foods

The growing interest in health choices has led people to seek out foods that offer additional health benefits actively pursued by consumers today. Recognizing this shift in consumer preferences towards options manufacturers have begun incorporating cinnamon into functional foods due to its potential health advantages demonstrated in research studies including its ability to help regulate blood sugar levels and lower cholesterol levels. as well as its anti inflammatory and antioxidant properties. The functional food industry is expected to expand in the coming years with cinnamon playing a role in this growth presenting an unexplored opportunity ripe, for exploration.

Growth Opportunities in North America and Asia-Pacific

Asia Pacific Outlook

This region leads the cinnamon market due to the widespread cultivation of cinnamon in nations such as India, Sri Lanka and Indonesia. These countries have an advantage thanks to increased consumption and competitive pricing. Nevertheless there is market growth potential through higher exports fueled by global demand for use, in pharmaceutical and cosmetic products.

North America Outlook

This region shows a market for cinnamon with the United States leading the way with a large customer base that enjoys using this spice in many different dishes and beverages. The market has seen growth due to the health advantages of cinnamon and the expansion of the food sector. Although there is competition among well known companies in the industry there is room for expansion due to the increasing demand, in the health and wellness sector.

North America Outlook

This region shows a market for cinnamon with the United States leading the way with a large customer base that enjoys using this spice in many different dishes and beverages. The market has seen growth due to the health advantages of cinnamon and the expansion of the food sector. Although there is competition among well known companies in the industry there is room for expansion due to the increasing demand, in the health and wellness sector.

Asia-Pacific Outlook

This region leads the cinnamon market due to the widespread cultivation of cinnamon in nations such as India, Sri Lanka and Indonesia. These countries have an advantage thanks to increased consumption and competitive pricing. Nevertheless there is market growth potential through higher exports fueled by global demand for use, in pharmaceutical and cosmetic products.

Growth Opportunities in North America and Asia-Pacific

Established and Emerging Market's Growth Trend 2025–2034

1

Major Markets : Indonesia, Sri Lanka, India, China, Vietnam are expected to grow at 4.3% to 6.3% CAGR

2

Emerging Markets : Vietnam, Ecuador, United Arab Emirates are expected to grow at 7.6% to 9.1% CAGR

Market Analysis Chart

The demand for cinnamon is on the rise due to people becoming more aware of its health benefits such as antioxidants and anti inflammatory properties that support heart health and weight management efforts in a world focused on wellness trends. Culinary versatility also plays a role in the popularity of cinnamon, in today's market.

Recent Developments and Technological Advancement

December 2024

The Caturra Spice Inc debuted an organic cinnamon powder aimed at the bakery and confectionery industries.

October 2024

Safinter S. A. expanded its cinnamon extract portfolio with a liquor-infused version

July 2024

Spicehaus Corp collaborated with AgriTech, an agricultural technology company to upgrade their cinnamon farming methods and boost crop production.

there has been a change in the global cinnamon market because of shifting consumer preferences towards natural and organic ingredients leading to a higher demand for cinnamon in various industries such, as food and beverages and cosmetics.

Impact of Industry Transitions on the Cinnamon Market

As a core segment of the Food & Beverage industry, the Cinnamon market develops in line with broader industry shifts. Over recent years, transitions such as Rise of Organic Cinnamon Demand and Digitalization in the Spice Trade have redefined priorities across the Food & Beverage sector, influencing how the Cinnamon market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.

1

Rise of Organic Cinnamon Demand:

As people focus more on their health and pay attention to what they eat there is a rising need for organic cinnamon in the market. This shift is altering the landscape of the cinnamon industry as producers are moving towards growing and making cinnamon to satisfy consumer preferences. Moreover this shift is creating avenues for growth in the market expanding opportunities, within the food and beverage industry.

2

Digitalization in the Spice Trade:

The advancement of technology in the realm of trade and business has significantly influenced the cinnamon market industry by creating new opportunities, for online transactions and delivery services which have expanded the customer reach from local to global levels. This shift enables manufacturers and suppliers to connect with their customers effectively resulting in higher sales and profit margins.

Global Events Shaping Future Growth

The chart below highlights how external events including emerging market developments, regulatory changes, and technological disruptions, have added another layer of complexity to the Food & Beverage industry. These events have disrupted supply networks, changed consumption behavior, and reshaped growth patterns. Together with structural industry transitions, they demonstrate how changes within the Food & Beverage industry cascade into the Cinnamon market, setting the stage for its future growth trajectory.

Market Dynamics and Supply Chain

Driver: Surge in Demand for Natural Preservatives, and Technological Advancements in Processing

The increased need for preservatives is also a key factor driving the cinnamon market forward. Essential, for its antimicrobial properties cinnamon is also now being utilized more in place of artificial preservatives within the food and beverage sector.
Recent technological advancements in cinnamon processing have also also been driving the growth of the cinnamon market by improving efficiency and reducing costs through innovations, like vacuum processing and ultrasonic assisted extraction.
A rising number of health individuals are also attracted to the antioxidant and anti inflammatory qualities of cinnamon, which has also also played a role, in driving the markets expansion.

Restraint: Volatility in Raw Material Supply

One major issue facing the cinnamon industry is the nature of raw material supply levels. The production and distribution of cinnamon are influenced by factors like weather patterns and natural calamities such as floods and droughts along with crop diseases. These variables often lead to fluctuations in harvests from year to year resultin in uncertainty and frequent interruptions, in supply. This could result in prices and hinder the growth of the cinnamon market.

Challenge: Low Consumer Awareness

Even though cinnamon offers health advantages a large number of people remain unaware of its benefits. This lack of knowledge results in reduced demand, for cinnamon, which hinders the markets growth.

Supply Chain Landscape

Cultivation

Jayanti Agrochem India Pvt Ltd

Adamje Lukmanjee & Sons Pvt Ltd

Processing

G.P. De Silva Spices

Ceylon Spice Company

Distribution
McCormick & Company Incorporated / C.F. Sauer Company
Consumer Markets
Nestle SA / The Coca-Cola Company
Cultivation

Jayanti Agrochem India Pvt Ltd

Adamje Lukmanjee & Sons Pvt Ltd

Processing

G.P. De Silva Spices

Ceylon Spice Company

Distribution

McCormick & Company Incorporated

C.F. Sauer Company

Consumer Markets

Nestle SA

The Coca-Cola Company

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Leading Providers and Their Strategies

Application AreaIndustryLeading ProvidersProvider Strategies
Food and Beverages
Food Industry
McCormick & Company, Inc.
Product Innovation and Broad Distribution Networks
Healthcare
Pharmaceutical Industry
Sami-Sabinsa Group Ltd.
Continual Research and Development investments
Personal Care Products
Cosmetics Industry
The Body Shop International Limited
Eco-conscious brand promotion and Quality assurance
Agriculture
Agriculture Industry
Olam International
Sustainable farming practices and Direct partnerships with farmers

Elevate your strategic vision with in-depth analysis of key applications, leading market players, and their strategies. The report analyzes industry leaders' views and statements on the Cinnamon market's present and future growth.

Our research is created following strict editorial standards. See our Editorial Policy

Applications of Cinnamon in Pharmaceutical, Aromatherapy and Cosmetic and Food and Beverage

Pharmaceutical

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.

Aromatherapy and Cosmetic

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.

Food and Beverage

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.

Cinnamon vs. Substitutes:
Performance and Positioning Analysis

The distinct aroma of cinnamon comes from the bark of a tree and adds a warm and sweet touch that distinguishes it from spices like nutmeg and allspice. Its popularity, in cooking and potential health benefits make it stand out in the market.

Cinnamon
  • Nutmeg /
  • Allspice /
  • Cardamom
    Rich in Antioxidants, Anti-inflammatory properties
    Can cause allergic reaction, Could be toxic in large doses
    Offers a wider range of flavors, less expensive
    May lack the unique taste of cinnamon, potential allergenic reactions

Cinnamon vs. Substitutes:
Performance and Positioning Analysis

Cinnamon

  • Rich in Antioxidants, Anti-inflammatory properties
  • Can cause allergic reaction, Could be toxic in large doses

Nutmeg / Allspice / Cardamom

  • Offers a wider range of flavors, less expensive
  • May lack the unique taste of cinnamon, potential allergenic reactions

The distinct aroma of cinnamon comes from the bark of a tree and adds a warm and sweet touch that distinguishes it from spices like nutmeg and allspice. Its popularity, in cooking and potential health benefits make it stand out in the market.

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Research Methodology

This market research methodology defines the Cinnamon market scope, gathers reliable data, and validates findings using integrated primary and secondary research. Our systematic framework ensures precise market sizing, growth trend analysis, and competitive benchmarking.


Secondary Research Approach


We begin secondary research by defining the targeted market at macro and micro levels. As part of the Food & Beverage ecosystem, we analyze Cinnamon across Cassia and Ceylon Applications. Our team gathers data systematically from country level ministerial sources, industry associations & federations, trade databases, company annual & quarterly reports and other credential sources, enabling us to map global and regional market size, pricing trends, regulatory standards, and technology advancements.



Key Sources Referenced:

Food and Agriculture Organization (FAO)

Food Substances - FDA

Prodcom / Census US / Statcan / e-stat Japan / ABS Australia / KOSIS Korea

USA Trade Census

DEFRA UK / Ifastat

Climate.gov

Annual Reports / Industry Magazines / Country Level Ministerial Sources

We benchmark competitors such as Adam Group, Bio Foods Pvt Ltd, and Ceylon Spice Company by reviewing company financial statements, and regulatory filings. Our secondary insights identify key market drivers and constraints, forming the analytical foundation for primary research.


Primary Research Methods


We conduct structured interviews and surveys with industry stakeholders, including Cultivation, Processing, and Distribution. Our geographic coverage spans Americas (40%), Europe (30%), Asia-Pacific (25%) and Middle East & Africa (5%). Our online surveys generally achieve a response rate of above 65%, and telephone interviews yield 60%, resulting in above 92% confidence level with a ±7% margin of error.


Through targeted questionnaires and in-depth interviews, we capture purchase intent, adoption barriers, brand perception across Segment Type. We use interview guides to ensure consistency and anonymous survey options to mitigate response bias. These primary insights validate secondary findings and align market sizing with real-world conditions.


Market Engineering & Data Analysis Framework


Our data analysis framework integrates Top-Down, Bottom-Up, and Company Market Share approaches to estimate and project market size with precision.


Top-down & Bottom-Up Process


In Top-down approach, we disaggregate global Food & Beverage revenues to estimate the Cinnamon segment, using historical growth patterns to set baseline trends. Simultaneously, in Bottom-up approach, we aggregate Country-Level Demand Data to derive regional and global forecasts, which provide granular consumption insights. By reconciling both approaches, we ensure statistical precision and cross-validation accuracy.


We evaluate the supply chain, spanning Cultivation (Jayanti Agrochem India Pvt Ltd, Adamje Lukmanjee & Sons Pvt Ltd), Processing (G.P. De Silva Spices, Ceylon Spice Company), and Distribution. Our parallel substitute analysis examines Nutmeg, Allspice, and Cardamom, highlighting diversification opportunities and competitive risks.


Company Market Share & Benchmarking


We benchmark leading companies such as Adam Group, Bio Foods Pvt Ltd, and Ceylon Spice Company, analyzing their capabilities in pricing, product features, technology adoption, and distribution reach. By assessing company-level revenues and product portfolios, we derive market share comparisons, clarifying competitive positioning and growth trajectories across the ecosystem.


Our integration of data triangulation, supply chain evaluation, and company benchmarking, supported by our proprietary Directional Superposition methodology enables us to deliver precise forecasts and actionable strategic insights into the Cinnamon market.


Quality Assurance and Compliance


We cross-reference secondary data with primary inputs and external expert reviews to confirm consistency. Further, we use stratified sampling, anonymous surveys, third-party interviews, and time-based sampling to reduce bias and strengthen our results.


Our methodology is developed in alignment with ISO 20252 standards and ICC/ESOMAR guidelines for research ethics. The study methodology follows globally recognized frameworks such as ISO 20252 and ICC codes of practice.

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Cinnamon Market Data: Size, Segmentation & Growth Forecast

Report AttributeDetails
Market Value in 2025USD 1.4 billion
Revenue Forecast in 2034USD 2.4 billion
Growth RateCAGR of 6.6% from 2025 to 2034
Base Year for Estimation2024
Industry Revenue 20241.3 billion
Growth OpportunityUSD 1.1 billion
Historical Data2019 - 2023
Growth Projection / Forecast Period2025 - 2034
Market Size UnitsMarket Revenue in USD billion and Industry Statistics
Market Size 20241.3 billion USD
Market Size 20271.6 billion USD
Market Size 20291.8 billion USD
Market Size 20301.9 billion USD
Market Size 20342.4 billion USD
Market Size 20352.6 billion USD
Report CoverageMarket revenue for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments CoveredProduct Type, Use Case, Form, Distribution Channel
Regional scopeNorth America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country scopeU.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Companies ProfiledAdam Group, Bio Foods Pvt Ltd, Ceylon Spice Company, Delectations Org, Dru Era, E.H. Worlee & Co. KG, First Spice Mixing Company, HDDES Group, Jayanti Herbs and Spices, McCormick and Company, True Ceylon Spices and Van Aroma
CustomizationFree customization at segment, region or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement which is almost equivalent to 10% of report value

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Table of Contents

Industry Insights Report - Table Of Contents

Chapter 1

Executive Summary

Major Markets & Their Performance - Statistical Snapshots

Chapter 2

Research Methodology

2.1Axioms & Postulates
2.2Market Introduction & Research MethodologyEstimation & Forecast Parameters / Major Databases & Sources
Chapter 3

Market Dynamics

3.1Market OverviewDrivers / Restraints / Opportunities / M4 Factors
3.2Market Trends
3.2.1Introduction & Narratives
3.2.2Market Trends - Impact Analysis(Short, Medium & Long Term Impacts)
3.3Supply Chain Analysis
3.4Porter's Five ForcesSuppliers & Buyers' Bargaining Power, Threat of Substitution & New Market Entrants, Competitive Rivalry
Chapter 4

Cinnamon Market Size, Opportunities & Strategic Insights, by Product Type

4.1Cassia
4.2Ceylon
Chapter 5

Cinnamon Market Size, Opportunities & Strategic Insights, by Use Case

5.1House Cooking
5.2Hotels & Restaurant
5.3Ready To Eat Product
Chapter 6

Cinnamon Market Size, Opportunities & Strategic Insights, by Form

6.1Ground
6.2Sticks
Chapter 7

Cinnamon Market Size, Opportunities & Strategic Insights, by Distribution Channel

7.1Online Sales
7.2Offline Sales
Chapter 8

Cinnamon Market, by Region

8.1North America Cinnamon Market Size, Opportunities, Key Trends & Strategic Insights
8.1.1U.S.
8.1.2Canada
8.2Europe Cinnamon Market Size, Opportunities, Key Trends & Strategic Insights
8.2.1Germany
8.2.2France
8.2.3UK
8.2.4Italy
8.2.5The Netherlands
8.2.6Rest of EU
8.3Asia Pacific Cinnamon Market Size, Opportunities, Key Trends & Strategic Insights
8.3.1China
8.3.2Japan
8.3.3South Korea
8.3.4India
8.3.5Australia
8.3.6Thailand
8.3.7Rest of APAC
8.4Middle East & Africa Cinnamon Market Size, Opportunities, Key Trends & Strategic Insights
8.4.1Saudi Arabia
8.4.2United Arab Emirates
8.4.3South Africa
8.4.4Rest of MEA
8.5Latin America Cinnamon Market Size, Opportunities, Key Trends & Strategic Insights
8.5.1Brazil
8.5.2Mexico
8.5.3Rest of LA
8.6CIS Cinnamon Market Size, Opportunities, Key Trends & Strategic Insights
8.6.1Russia
8.6.2Rest of CIS
Chapter 9

Competitive Landscape

9.1Competitive Dashboard & Market Share Analysis
9.2Company Profiles (Overview, Financials, Developments, SWOT)
9.2.1Adam Group
9.2.2Bio Foods Pvt Ltd
9.2.3Ceylon Spice Company
9.2.4Delectations Org
9.2.5Dru Era
9.2.6E.H. Worlee & Co. KG
9.2.7First Spice Mixing Company
9.2.8HDDES Group
9.2.9Jayanti Herbs and Spices
9.2.10McCormick and Company
9.2.11True Ceylon Spices
9.2.12Van Aroma