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Global Cinnamon Market to Grow at a CAGR of 7.9% During the Period 2022-2027, Driven by Applications in Foods

According to a new report by EMR titled, ‘Global Cinnamon Market Report and Forecast 2022-2027’, the global cinnamon market is expected to grow at a CAGR of 7.9% during the period 2022-2027, led by medicinal benefits offered by cinnamon.

Cinnamon is a common spice, and has been used for thousands of years in foods as well as for its medicinal benefits. In Ayurveda, it has been used as an antiemetic, anti-diarrheal, anti-flatulent, and a stimulant. In ancient Egypt, cinnamon was used for embalming. The global cinnamon market is expected to be driven by applications in foods and medicinal benefits of cinnamon. North America, Europe and Asia are likely to be key markets.

Cinnamon is used in savoury dishes, pickles, soups, and sweets. Essential oils are made from cinnamon bark, leaves, flowers and fruits; these oils are used in cosmetics and food products. In some European nations, cinnamon-flavoured foods are becoming increasingly popular. C. cassia is more popular than C. verum in Europe. Biscuits containing cinnamon are popular in Germany. In the northern part of Greece, meat with cinnamon is a popular traditional food. Cinnamon rolls are popular in USA. These uses are expected to drive the global cinnamon market. Europe is a significant market for cinnamon. Europe is chiefly a cassia market, but there are opportunities for Ceylon cinnamon in particular nations and segments. The United Kingdom, Belgium and Italy are key importers of Ceylon cinnamon.

Cinnamon is chiefly employed in aroma and essence industries owing to its fragrance; cinnamon is used in several types of foods, perfumes, and medicinal products. Key elements of cinnamon include cinnamaldehyde and trans-cinnamaldehyde (Cin), present in the essential oil and contributing to the fragrance and to the different biological activities observed with cinnamon. Cinnamon bark carries procyanidins and catechins. Components of procyanidins include both procyanidin A-type and B-type linkages. These procyanidins obtained from cinnamon and berries also contain antioxidant activities.

Apart from being used as a spice and flavouring agent, cinnamon is added to chewing gums for flavour and for mouth refreshing effects. Cinnamon may also enhance colon health, and help reduce the risk of colon cancer.

Cinnamon acts as a coagulant and prevents bleeding. Cinnamon also enhances blood circulation in the uterus and improves tissue regeneration. A popular spice, its essential oils and other elements carry important properties, including antimicrobial, antifungal, antioxidant, and antidiabetic effects.

Cinnamon has been employed as anti-inflammatory, antitermitic, nematicidal, mosquito larvicidal, insecticidal, antimycotic, and anticancer agent. Cinnamon has been traditionally used as tooth powder and to treat toothaches, dental problems, oral microbiota, and bad breath.

Key Findings of the Report:

  • Applications in food and medicinal benefits offered by cinnamon are expected to boost the market. 
  • Uses in applications such as cosmetics and poultry feed are expected to contribute to market growth.
  • North America, Europe and Asia are likely to be key markets.   

Market Analysis by Form, Product, Application, Distribution Channel, and Region:

  • By form, the market is segmented into Whole and Extract (further broken down by form into Powder and Oil).
  • By product, the market is classified into Ceylon, Cassia, Saigon, and Korintje.
  • By application, the market is divided into Food and Beverage, Cosmetics, Pharmaceuticals, and Others.
  • By distribution channel, the market is classified into Offline and Online.
  • By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

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