Cinnamon

Global Cinnamon Market to Reach US$1.4 Billion by 2030

The global market for Cinnamon estimated at US$1.0 Billion in the year 2024, is expected to reach US$1.4 Billion by 2030, growing at a CAGR of 4.7% over the analysis period 2024-2030. Ceylon, one of the segments analyzed in the report, is expected to record a 5.5% CAGR and reach US$629.1 Million by the end of the analysis period. Growth in the Cassia segment is estimated at 4.5% CAGR over the analysis period.

The U.S. Market is Estimated at US$280.6 Million While China is Forecast to Grow at 8.7% CAGR

The Cinnamon market in the U.S. is estimated at US$280.6 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$285.4 Million by the year 2030 trailing a CAGR of 8.7% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.9% and 3.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR.

Global Cinnamon Market - Key Trends & Drivers Summarized

Why Is the Global Demand for Cinnamon Rapidly Increasing Across Industries?

The global market for cinnamon has witnessed significant growth, driven by its expanding applications in diverse sectors such as food and beverages, pharmaceuticals, personal care, and nutraceuticals. Cinnamon, widely appreciated for its distinct aroma and robust flavor profile, has evolved beyond its traditional culinary uses into a multifunctional ingredient extensively utilized for its therapeutic properties, natural preservation capabilities, and health-enhancing benefits. Particularly, the food industry has capitalized on cinnamon as a natural preservative and flavor enhancer, incorporating it into baked goods, confectionery products, beverages, and sauces to meet rising consumer preference for clean-label ingredients. In parallel, the nutraceutical and dietary supplements industry increasingly leverages cinnamon for its antioxidant, anti-inflammatory, and antimicrobial properties, promoting products targeting cardiovascular health, diabetes management, weight management, and general wellness. Additionally, rising consumer inclination toward organic and natural products has substantially augmented the inclusion of cinnamon across dietary supplements and functional foods, further amplifying its global demand. Continuous research validating cinnamon’s medicinal benefits, such as its role in reducing blood sugar levels, cholesterol management, and enhancing digestive health, significantly contributes to market expansion and diversification across various consumer segments.

How Are Geographic Dynamics Influencing the Global Cinnamon Market?

Geographic dynamics considerably influence the global cinnamon market, characterized by both production and consumption patterns heavily concentrated in specific regions. Sri Lanka, Indonesia, China, Vietnam, and India dominate global cinnamon production, collectively contributing significantly to international trade volumes. Ceylon cinnamon, predominantly cultivated in Sri Lanka, is renowned globally for its premium quality, mild sweetness, and unique therapeutic benefits, commanding higher market value and widespread popularity in Europe and North America. In contrast, cassia cinnamon, primarily produced in Indonesia, China, and Vietnam, holds considerable market share due to its stronger aroma, affordability, and broader availability, particularly appealing in Asian and North American markets. Strategic trade agreements, export incentives, and certification of organic farming practices adopted by cinnamon-producing nations actively enhance market accessibility and profitability, influencing market dynamics significantly. Concurrently, challenges in maintaining consistency in quality standards, volatile prices influenced by climatic conditions, and evolving international trade regulations continue to shape market dynamics, pushing producers towards improved agricultural practices, sustainable harvesting, and stringent quality control measures.

Can Rising Popularity of Aromatherapy and Natural Personal Care Products Boost Market Demand?

The escalating popularity of aromatherapy and increasing consumer demand for natural and organic personal care products have notably intensified the market growth trajectory for cinnamon worldwide. Cinnamon essential oil, widely recognized for its antimicrobial, antifungal, and anti-inflammatory properties, is gaining traction within aromatherapy practices for relieving stress, anxiety, improving mental clarity, and enhancing overall emotional well-being. This shift has resulted in the proliferation of cinnamon oil usage across therapeutic centers, spas, and holistic wellness facilities, significantly enhancing market penetration. Additionally, the cosmetics and personal care industry has increasingly embraced cinnamon extracts and oils in formulations of skincare, haircare, oral care, and fragrance products due to their natural antimicrobial and antioxidant attributes. Cinnamon-based products are especially popular among health-conscious consumers seeking toxin-free, sustainable alternatives to synthetic preservatives and artificial fragrances. Cosmetic companies are investing heavily in research and development to leverage cinnamon’s potential as an active ingredient, leading to innovative formulations in anti-aging creams, acne treatment products, and oral hygiene solutions. Furthermore, manufacturers actively capitalize on consumer trends emphasizing environmentally friendly and ethically sourced ingredients, positioning cinnamon prominently within the rapidly expanding global natural cosmetics segment.

What Specific Factors Are Accelerating the Global Cinnamon Market’s Growth?

The growth in the cinnamon market is driven by several factors, notably increased consumer preference for natural and organic food products, growing awareness regarding cinnamon`s medicinal and therapeutic properties, rising popularity of herbal supplements, and expanded use in aromatherapy and personal care industries. Consumer behavior has markedly shifted toward health-conscious dietary habits, increasing demand for cinnamon as a natural preservative, flavor enhancer, and functional ingredient in health supplements, beverages, and processed foods. Furthermore, the market expansion is significantly propelled by scientific research consistently validating cinnamon’s health benefits, particularly in diabetes management, cholesterol reduction, digestive health, and its potent antioxidant properties. Heightened global demand for nutraceutical products and dietary supplements, driven by an aging population and increased health awareness, further augments cinnamon’s inclusion as a key functional ingredient. Technological advancements in extraction and processing methodologies have also allowed manufacturers to efficiently produce high-quality cinnamon products with greater purity and standardized quality, thus attracting more consumers and industries. Moreover, increasing use of cinnamon essential oils and extracts within the pharmaceutical and cosmetic industries, influenced by consumer trends favoring natural and sustainable ingredients, contributes significantly to market growth. Additionally, the surge in popularity of global cuisine and gourmet food products has created substantial demand for cinnamon-based seasoning and culinary products, boosting international trade and consumption volumes. Collectively, these specific factors create a compelling trajectory for continued expansion and sustained growth of the global cinnamon market.

SCOPE OF STUDY:

The report analyzes the Cinnamon market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product Type (Ceylon, Cassia, Saigon, Korintje); Application (Commercial Application, Residential Application)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 48 Featured) -

• Angel Yeast Co., Ltd.
• Badia Spices Inc.
• Biofoods Pvt Ltd
• Ceylon Cinnamon Shop
• Ceylon Spice Company
• Cinnatopia
• Frontier Co-op
• Gaban Co., Ltd.
• HDDES Group
• Hsin Kuang
• Jideli Food
• Kotányi GmbH
• McCormick & Company, Inc.
• Pure Ceylon Cinnamon
• Sichuan Qingchuan Chuanzhen Industry
• Simply Organic
• Soeos
• Spicely Organics
• The Spice Hunter
• Tomax Enterprise Co., Ltd.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

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APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

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