Cinnamon Market
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 growth to around $2.6 billion by 2035.
Report Summary
Market Data
Methodology
Table of Contents
Global Cinnamon Market Outlook
Revenue, 2024
$1.3B
Forecast, 2034
$2.4B
CAGR, 2025 - 2034
6.6%
The Cinnamon industry revenue is expected to be around $1.4 billion in 2025 and expected to showcase growth with 6.6% CAGR between 2025 and 2034. Cinnamon’s versatility spans savory dishes, sweet treats, and beverages, where its aromatic essence elevates culinary experiences and appeals strongly to consumers seeking both flavor and wellness benefits. Its natural antioxidant, anti-inflammatory, and antimicrobial properties continue to drive demand across the food, beverage, nutraceutical, and personal care sectors. Market growth is further supported by rising consumer interest in clean-label ingredients and traditional spice-based remedies. Additionally, expanding applications in functional foods and premium culinary products present substantial opportunities for manufacturers to innovate. As global cuisines increasingly adopt cinnamon-infused formulations, the ingredient’s market presence continues to strengthen, supported by its rich cultural heritage and broad sensory appeal.
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.
- Adam Group, Bio Foods Pvt Ltd, Ceylon Spice Company are among the leading players in this market, shaping its competitive landscape.
- 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%.
- Transition like Rise of Organic Cinnamon Demand has greater influence in Indonesia and Sri Lanka market's value chain; and is expected to add $144 million of additional value to Cinnamon industry revenue by 2030.
- 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 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
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.
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
01
Driver: Surge in Demand for Natural Preservatives, and Technological Advancements in Processing
The growing need for cleaner, more transparent ingredient labels is also a key factor driving the cinnamon market forward. Recognized for its strong antimicrobial and antioxidant properties, cinnamon is also increasingly being adopted as a natural alternative to synthetic preservatives across the food and beverage industry. Manufacturers are also integrating cinnamon extracts and essential oils into formulations to enhance shelf life, meet regulatory expectations, and align with consumer preferences for safe, plant-based preservation solutions. This trend is also significantly boosting the global demand for cinnamon-derived natural preservatives. Recent innovations in cinnamon processing technologies are also playing a significant role in accelerating market growth. Advanced methods such as vacuum processing, ultrasonic-assisted extraction, and supercritical fluid extraction have also enhanced the efficiency, purity, and yield of cinnamon-derived products. These technologies reduce operational costs, improve flavor retention, and ensure higher consistency in essential oils and extracts. As manufacturers adopt modern processing solutions to meet quality and regulatory standards, the cinnamon market continues to benefit from improved scalability and product innovation.
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.
02
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.
03
Opportunity: 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.
04
Challenge: Low Consumer Awareness
Despite cinnamon’s well-documented health benefits, a significant portion of consumers remains unaware of its functional properties, limiting its broader adoption in daily diets and wellness routines. This knowledge gap reduces overall market penetration, particularly in regions where traditional spice usage is already limited. The absence of strong educational campaigns, coupled with minimal product positioning around health attributes, further slows demand growth. As a result, lack of consumer awareness continues to be a key restraint, preventing the cinnamon market from achieving its full potential across emerging and developed economies.
Supply Chain Landscape
1
Cultivation
Jayanti Agrochem India Pvt LtdAdamje Lukmanjee & Sons Pvt Ltd
2
Processing
G.P. De Silva SpicesCeylon Spice Company
3
Distribution
McCormick & Company IncorporatedC.F. Sauer Company
4
Consumer Markets
Nestle SAThe Coca-Cola Company
1
Cultivation
Jayanti Agrochem India Pvt LtdAdamje Lukmanjee & Sons Pvt Ltd
2
Processing
G.P. De Silva SpicesCeylon Spice Company
3
Distribution
McCormick & Company IncorporatedC.F. Sauer Company
4
Consumer Markets
Nestle SAThe Coca-Cola Company
Use Cases of Cinnamon in Food & Beverage
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.
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.
Recent Developments
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.
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.
Impact of Industry Transitions on the Cinnamon Market
As a core segment of the Packaged & Processed F&B 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 Packaged & Processed F&B 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.
01
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.
02
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.