Cinnamon Market Updates

Cinnamon Market size was valued at USD 0.92 Billion in 2023 and is poised to grow from USD 0.99 Billion in 2024 to USD 1.81 Billion by 2032, growing at a CAGR of 7.83% during the forecast period (2025-2032).

Businesses have relied on mergers and acquisitions to broaden their product offerings and boost their position in the market. To meet consumer demand for ground and powdered cinnamon, they are also concentrating on new product launches, increasing their manufacturing capacity, and implementing cutting-edge technology. For instance, in June 2021, a new Carnation Breakfast Essentials Cinnabon Bakery Inspired Flavored Nutritional Drink was released in collaboration with Cinnabon by Nestlé Health Science. This 240-calorie nutritious drink offers users the well-known cinnamon roll flavors of Cinnabon together with 10 grams of protein. 'Pure Ceylon Cinnamon ', 'Biofoods Pvt Ltd ', 'HDDES Group ', 'Ceylon Spices Company ', 'Sauer Brands ', 'Elite Spice ', 'EHL Ingredients ', 'McCormick & Company, Inc. ', 'SDS Spices. ', 'British Supermarket ', 'Mountain Rose Herbs ', 'Goya Foods  ', 'EOAS International:  ', 'Organic Spices Inc. ', 'Ozone Naturals  ', 'Rathna Ceylon Cinnamon  ', 'Taj Agro Products Ltd  ', 'Cinnatopia ', 'G.P. de Silva & Sons International (Pvt) Ltd: ', 'FutureCeuticals'

Over the projection period, the Cassia sector is expected to increase at the fastest rate. Although a variety of its subspecies are grown throughout southern and eastern Asia, this variant is native to southern China. The product form is significantly less expensive than Ceylon cinnamon and is thought to be of poorer quality. As a result, it is the food that is consumed the most globally. Due to its potent flavor and many health benefits, cassia has found use in both the culinary sector and traditional Chinese medicine. This particular spice is now used all over the world to treat infections and the common cold, ease stomach and muscular cramps, stop nausea and vomiting and manage gas and diarrhea.

Cinnamon is produced and exported by China, which is also the world's second-largest producer. Several south-eastern Chinese provinces, including Guangdong and Guangxi, as well as other well-cultivated landscapes, are the primary cinnamon-producing areas in China. Additionally, the use of cinnamon has significantly increased in the pharmaceutical and cosmetics industries throughout the world. The demand for cinnamon has increased, which is prompting big producers like China to expand their output.

North America dominated the industry, with 35.5% of the total revenue generated globally. The primary driver of the industry is a shift in customer preference for herbal and healthful products. The region's high prevalence of illnesses such as Alzheimer’s, diabetes, and HIV-1 is projected to increase product demand. Due to its extremely low concentrations of Coumarin, a chemical proven to affect liver disease, Ceylon cinnamon is especially sought after in the United States.