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Global Cinnamon Market 2019-2023

Global Cinnamon Market 2019-2023

About this market

Growing adoption of cinnamon products in Western countries to drive growth in the market. There has been a steady increase in the adoption of cinnamon and related products in Western countries such as the US, Mexico, and the Netherlands. Technavio’s analysts have predicted that the cinnamon market will register a CAGR of almost 12% by 2023.

Market Overview

Rising awareness about health benefits of cinnamon

Due to the growing concern about nutrition and healthy food habits, cinnamon has found increased application in the food and beverages sector.

Rising labor shortage for cinnamon market in Sri Lanka

The shortage of cinnamon peelers for the harvest and procurement of Ceylon cinnamon produced in Sri Lanka will adversely impact the country’s cinnamon produce in the coming years.

For the detailed list of factors that will drive and challenge the growth of the cinnamon market during the 2019-2023, view our report.

Competitive Landscape

The market appears to be fragmented and with the presence of several companies including Biofoods and EOAS Organics the competitive environment is quite intense. Factors such as the rising adoption of cinnamon products in Western countries and the rising awareness about health benefits of cinnamon, will provide considerable growth opportunities to cinnamon manufactures. Biofoods, EOAS Organics, Goya Foods, McCormick & Company, and Rathna Ceylon Cinnamon are some of the major companies covered in this report.


  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global spices and seasonings market
      • Table Segments of global spices and seasonings market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
      • Table Porters_Legend_2
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by product
    • Table Product - Market share 2018-2023 (%)
    • Comparison by product
      • Table Comparison by product
    • Cassia cinnamon - Market size and forecast 2018-2023
      • Table Cassia cinnamon - Market size and forecast 2018-2023 ($ millions)
      • Table Coumarin content in cassia cinnamon varieties
      • Table Cassia cinnamon - Year-over-year growth 2019-2023 (%)
    • Ceylon cinnamon - Market size and forecast 2018-2023
      • Table Ceylon cinnamon - Market size and forecast 2018-2023 ($ millions)
      • Table Ceylon cinnamon - Year-over-year growth 2019-2023 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by distribution channel
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • Americas - Market size and forecast 2018-2023
      • Table Americas - Market size and forecast 2018-2023 ($ millions)
      • Table Americas - Year-over-year growth 2019-2023 (%)
    • EMEA - Market size and forecast 2018-2023
      • Table EMEA - Market size and forecast 2018-2023 ($ millions)
      • Table EMEA - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Biofoods
      • Table Biofoods - Vendor overview
      • Table Biofoods - Product segments
      • Table Biofoods - Key offerings
    • EOAS Organics
      • Table EOAS Organics - Vendor overview
      • Table EOAS Organics - Product segments
      • Table EOAS Organics - Key offerings
    • Goya Foods
      • Table Goya Foods - Vendor overview
      • Table Goya Foods - Product segments
      • Table Goya Foods - Organizational developments
      • Table Goya Foods - Key offerings
    • McCormick & Company
      • Table McCormick & Company - Vendor overview
      • Table McCormick & Company - Business segments
      • Table McCormick & Company - Organizational developments
      • Table McCormick & Company - Geographic focus
      • Table McCormick & Company - Segment focus
      • Table McCormick & Company - Key offerings
    • Rathna Ceylon Cinnamon
      • Table Rathna Ceylon Cinnamon - Vendor overview
      • Table Rathna Ceylon Cinnamon - Product segments
      • Table Rathna Ceylon Cinnamon - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
      • Table List of abbreviations
  • Explore Technavio

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