Global Cinnamon Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Ceylon Cinnamon, Cassia Cinnamon, Saigon Cinnamon, Korintje Cinnamon, Others (Malabar Cinnamon, Indian Cinnamon and and more).

By Application;

Food & Beverages, Medicines, and Cosmetics.

By Distribution Channel;

Hypermarkets, Supermarkets, Online Retailers, Convenience Stores, and Specialty Stores.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn970632074 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Cinnamon Market (USD Million), 2021 - 2031

In the year 2024, the Global Cinnamon Market was valued at USD 729.78 million. The size of this market is expected to increase to USD 1,493.30 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 10.8%.

The global cinnamon market is a dynamic sector driven by diverse applications across various industries, including food and beverage, pharmaceuticals, cosmetics, and household products. Cinnamon, derived from the bark of several species of trees within the Cinnamomum genus, is renowned for its distinctive flavor, aroma, and numerous health benefits. It is widely used as a spice, flavoring agent, and natural remedy, contributing to its robust demand and widespread consumption worldwide.

In recent years, the market has witnessed steady growth, propelled by increasing consumer awareness regarding the health-promoting properties of cinnamon, such as its antioxidant and anti-inflammatory effects. The food and beverage industry remains a key driver of demand, with cinnamon commonly used in bakery products, confectionery, beverages, and savory dishes. The pharmaceutical sector also plays a significant role, utilizing cinnamon extracts and oils in dietary supplements and traditional medicine formulations for their purported health benefits.

The market spans across major regions including Asia-Pacific, North America, Europe, and the rest of the world. Asia-Pacific holds a prominent position as both a producer and consumer of cinnamon, particularly countries like Sri Lanka, Indonesia, and Vietnam, which are major exporters of cinnamon globally. North America and Europe also exhibit substantial consumption due to the popularity of cinnamon-flavored products and dietary supplements. As the global demand for natural and functional ingredients continues to rise, the cinnamon market is poised for further expansion, driven by innovations in product development and increasing applications across various industries.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Distribution Channel
    4. Market Snapshot, By Region
  4. Global Cinnamon Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing consumer awareness about health benefits of cinnamon
        2. Growing demand for natural food additives and flavors
        3. Rising use of cinnamon in cosmetics and personal care products
        4. Expansion of food and beverage industry
        5. Growing popularity of cinnamon as a functional ingredient
      2. Restraints
        1. Fluctuating prices of raw cinnamon
        2. Stringent regulations on cinnamon imports in some regions
        3. Limited availability of high-quality cinnamon
        4. Competition from synthetic alternatives
        5. Challenges in sustainable sourcing of cinnamon
      3. Opportunities
        1. Emerging markets in Asia-Pacific and Latin America
        2. Innovations in cinnamon-based products
        3. Increasing use of cinnamon in pharmaceuticals
        4. Expansion of online retail channels
        5. Demand for organic and fair-trade certified cinnamon
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Cinnamon Market, By Type, 2021 - 2031 (USD Million)
      1. Ceylon Cinnamon
      2. Cassia Cinnamon
      3. Saigon Cinnamon
      4. Korintje Cinnamon
      5. Others (Malabar Cinnamon, Indian Cinnamon, and more)
    2. Global Cinnamon Market, By Application, 2021 - 2031 (USD Million)
      1. Food & Beverages
      2. Medicines
      3. Cosmetics
    3. Global Cinnamon Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Hypermarkets
      2. Supermarkets
      3. Online Retailers
      4. Convenience Stores
      5. Specialty Stores
    4. Global Cinnamon Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. McCormick & Company, Inc. (United States)
      2. Olam International Ltd. (Singapore)
      3. Cinnabon LLC (United States)
      4. Frontier Co-op (United States)
      5. Adam Foods (Spain)
  7. Analyst Views
  8. Future Outlook of the Market