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The global cinnamon market is expected to grow at a CAGR of 7.9% during the period 2024-2032. The market is expected to be driven by applications of cinnamon in foods and its medicinal benefits. North America, Europe and Asia are likely to be key markets.
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Cinnamon (the genus Cinnamomum) is a small tropical tree belonging to the lauraceae family. There are around 250 species of Cinnamomum. Essential oils extracted from cinnamon are commonly used in the food and cosmetic industries. Cinnamon comprises natural antioxidant, anti-microbial and anti-inflammatory components, like volatile oils, flavonoids, curcuminoids, coumarins, tannins, alkaloids, xanthones, terpenoids, phenolics and other compounds in considerable amounts. Cinnamon is mainly cultivated in India, Vietnam, Indonesia, Sri Lanka, China, and Madagascar.
Diabetes and cardiovascular diseases are major causes of death across the world; traditionally, cinnamon has been employed as an important spice as well as medicine. Studies have reported beneficial effects of cinnamon against cardiovascular diseases, including endothelium protection, immune response regulation, lowering blood lipids, antioxidative properties, anti-inflammatory properties, suppression of vascular smooth muscle cell (VSMC) growth and mobilization, repression of platelet activity and thrombosis and inhibition of angiogenesis.
It has been further suggested that cinnamon helps in diabetes (a crucial risk factor for cardiovascular diseases) by improving insulin sensitivity and insulin secretion; regulating enzyme activity involved in glucose; regulating glucose metabolism in liver, adipose tissue and muscle; relieving oxidative stress and inflammation to defend islet cells; and improving complications related to diabetes. These factors are expected to contribute to the growth of the global cinnamon market.
Increased bacterial resistance to synthetic antibiotics and rising consumer awareness towards health and food safety concerns have led to a ban on the use of antibiotic growth promotors (AGPs) in the poultry industry. The poultry sector has been forced to seek safe alternatives to AGPs and develop sustainable feed management strategies to enhance intestinal health and growth performance of poultry. In recent years, cinnamon has gained much attention as a natural product with several health benefits to poultry. The essential oils present in cinnamon carry antioxidant, anti-microbial, anti-inflammatory, antifungal, and hypocholesterolaemic properties, and the ability to stimulate digestive enzymes in the gut.
Cinnamon is used in savoury dishes, pickles, soups, and sweets. Cinnamon bark, leaves, flowers and fruits are used to make essential oils, 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.
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By form, the market is segmented into:
By product, the market is classified into:
By application, the market is divided into:
By distribution channel, the market is classified into:
By region, the market is segmented into:
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The report presents a detailed analysis of the following key players in the market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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