Cinnamon Market Size, Share & Trends Analysis Report By Product (Ceylon, Cassia, Saigon, Korintje), By Application (Residential, Commercial), By Region, And Segment Forecasts, 2019 - 2025

Published: Aug, 2019 | Pages: 80 | Publisher: Grand View Research
Industry: Consumer Goods | Report Format: Electronic (PDF)

The global cinnamon market size is anticipated to reach USD 1.9 billion by 2025, according to a new report by Grand View Research, Inc., registering a 13.8% CAGR during the forecast period. Growing awareness among consumers related to the health benefits of cinnamon is a key factor driving the market. Cinnamon is a rich source of various minerals and nutrients, is loaded with anti-oxidants, acts as an anti-inflammatory, and has been known to have beneficial effects against diseases like diabetes, Alzheimer's, and HIV-1. These benefits are likely to spur product demand over the coming years.

Based on product type, Ceylon dominated market in 2018, accounting for more than 35.0% of the global revenue in 2018. The segment is expected to retain its dominance throughout the forecast period. This variety is native to Sri Lanka, which produces a majority of the spice. It is also cultivated for commercial use in Madagascar and Seychelles. Mexico is one of the leading consumers of Ceylon in the world, where the spice is used in several local dishes. Its ultra-low Coumarin content makes it a preferred variant among consumers. Ceylon cinnamon has also been witnessing significant demand in European countries like U.K., Belgium, and Italy owing to its unique flavor as well as beneficial health properties.

In terms of application, the cinnamon market has been segmented into residential and commercial. The residential segment held a share of more than 50.0% in the global market in 2018. Increasing use of cinnamon in various dishes owing its sweet and spicy taste is the primary factor driving demand in this segment. Moreover, product demand is growing in various countries, including U.S., U.K., Italy, Belgium, and India, due to increased awareness pertaining to its health benefits among consumers. Cinnamon is one the key ingredients added in a number of Mexican dishes and rising popularity of Mexican cuisine across the globe is expected to fuel demand over the forecast period.

The global production and consumption volume of cinnamon is steadily increasing. North America dominated the global market, accounting for 35.5% of the overall revenue in 2018. Most of the product supply in the region comes from Sri Lanka and Indonesia. Europe is also projected to exhibit strong demand for Ceylon cinnamon, with U.K., Belgium, and Italy emerging as key markets. Growing awareness related to the health benefits of cinnamon has driven consumers to turn to this spice for weight loss and diabetes, which is fueling product demand in the region.

Further key findings from the report suggest:

• By product, the Ceylon segment is expected to reach USD 684.5 million by 2025. Its ultra-low Coumarin content makes it a preferred variant among consumers

• Based on application, the commercial segment is anticipated to register a CAGR of 14.2% over the forecast period owing to rising product usage in the pharmaceutical, cosmetics, and food and beverages industries

• North America is the largest market, which can be attributed to increased health awareness among consumers and growing demand for natural and nutritious ingredients in various cuisines

• Top players operating in the cinnamon market include Pure Ceylon Cinnamon, Biofoods Pvt Ltd., and Ceylon Spice Company. Some of the other prominent players are HDDES Group; C.F. Sauer Company; First Spice Mixing Company; Elite Spice; EHL Ingredients; McCormick & Company, Inc.; and SDS SPICES (PVT) LTD.

 Table of Contents

Chapter 1. Methodology and Scope
                     1.1. Market Segmentation & Scope
                     1.2. Market Definition
                     1.3. Information Procurement
                          1.3.1. Purchased Database
                          1.3.2. GVR's Internal Database
                          1.3.3. Secondary Sources & Third-Party Perspectives
                          1.3.4. Primary Research
                     1.4. Information Analysis 
                          1.4.1. Data Analysis Models
                     1.5. Market Formulation & Data Visualization
                     1.6. Data Validation & Publishing
Chapter 2. Executive Summary
                     2.1. Market Outlook
                     2.2. Segmental Outlook
                     2.3. Competitive Insights
Chapter 3. Cinnamon Market Variables, Trends & Scope
                     3.1. Market Introduction
                     3.2. Penetration & Growth Prospect Mapping
                     3.3. Industry Value Chain Analysis
                          3.3.1. Sales/Retail Channel Analysis
                          3.3.2. Profit Margin Analysis
                     3.4. Market Dynamics
                          3.4.1. Market Driver Analysis
                          3.4.2. Market Restraint Analysis
                          3.4.3. Industry Challenges
                          3.4.4. Industry Opportunities
                     3.5. Business Environment Analysis
                          3.5.1. Industry Analysis - Porter's
                               3.5.1.1. Supplier Power
                               3.5.1.2. Buyer Power
                               3.5.1.3. Substitution Threat
                               3.5.1.4. Threat from New Entrant 
                               3.5.1.5. Competitive Rivalry
                     3.6. Roadmap of Cinnamon Market
                     3.7. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
                     4.1. Consumer Trends and Preferences
                     4.2. Factors Affecting Buying Decision 
                     4.3. Consumer Product Adoption 
                     4.4. Observations & Recommendations
Chapter 5. Cinnamon Market: Product Estimates & Trend Analysis
                     5.1. Product Movement Analysis & Market Share, 2018 & 2025
                     5.2. Ceylon Cinnamon
                          5.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                     5.3. Cassia Cinnamon
                          5.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                     5.4. Saigon Cinnamon
                          5.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                     5.5. Korintje Cinnamon
                          5.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 6. Cinnamon Market: Application Estimates & Trend Analysis
                     6.1. Application Movement Analysis & Market Share, 2018 & 2025
                     6.2. Residential
                          6.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                     6.3. Commercial
                          6.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 7. Cinnamon Market: Regional Estimates & Trend Analysis
                     7.1. Regional Movement Analysis & Market Share, 2018 & 2025
                     7.2. North America
                          7.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          7.2.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                          7.2.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                          7.2.4. U.S.
                               7.2.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                               7.2.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                               7.2.4.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                     7.3. Europe
                          7.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          7.3.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                          7.3.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                          7.3.4. Germany
                               7.3.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                               7.3.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                               7.3.4.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                          7.3.5. U.K.
                               7.3.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                               7.3.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                               7.3.5.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                     7.4. Asia Pacific
                          7.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          7.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                          7.4.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                          7.4.4. Japan
                               7.4.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                               7.4.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                               7.4.4.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                          7.4.5. India
                               7.4.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                               7.4.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                               7.4.5.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                     7.5. Central & South America
                          7.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          7.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                          7.5.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                          7.5.4. Peru
                               7.5.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                               7.5.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                               7.5.4.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                     7.6. Middle East & Africa
                          7.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                          7.6.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                          7.6.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                          7.6.4. UAE
                               7.6.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                               7.6.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                               7.6.4.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
Chapter 8. Competitive Analysis
                     8.1. Key global players, recent developments & their impact on the industry
                     8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
                     8.3. Vendor Landscape
                          8.3.1. Key company market share analysis, 2018
Chapter 9. Company Profiles
                     9.1. Pure Ceylon Cinnamon
                          9.1.1. Company Overview
                          9.1.2. Financial Performance
                          9.1.3. Product Benchmarking
                          9.1.4. Strategic Initiatives
                     9.2. Biofoods Pvt Ltd.
                          9.2.1. Company Overview
                          9.2.2. Financial Performance
                          9.2.3. Product Benchmarking
                          9.2.4. Strategic Initiatives
                     9.3. HDDES Group
                          9.3.1. Company Overview
                          9.3.2. Financial Performance
                          9.3.3. Product Benchmarking
                          9.3.4. Strategic Initiatives
                     9.4. Ceylon Spice Company
                          9.4.1. Company Overview
                          9.4.2. Financial Performance
                          9.4.3. Product Benchmarking
                          9.4.4. Strategic Initiatives
                     9.5. C.F. Sauer Company
                          9.5.1. Company Overview
                          9.5.2. Financial Performance
                          9.5.3. Product Benchmarking
                          9.5.4. Strategic Initiatives
                     9.6. First Spice Mixing Company
                          9.6.1. Company Overview
                          9.6.2. Financial Performance
                          9.6.3. Product Benchmarking
                          9.6.4. Strategic Initiatives
                     9.7. Elite Spice
                          9.7.1. Company Overview
                          9.7.2. Financial Performance
                          9.7.3. Product Benchmarking
                          9.7.4. Strategic Initiatives
                     9.8. EHL Ingredients
                          9.8.1. Company Overview
                          9.8.2. Financial Performance
                          9.8.3. Product Benchmarking
                          9.8.4. Strategic Initiatives
                     9.9. McCormick & Company, Inc.
                          9.9.1. Company Overview
                          9.9.2. Financial Performance
                          9.9.3. Product Benchmarking
                          9.9.4. Strategic Initiatives
                     9.10. SDS SPICES (PVT) LTD.
                          9.10.1. Company Overview
                          9.10.2. Financial Performance
                          9.10.3. Product Benchmarking
                          9.10.4. Strategic Initiatives

List of Tables

1. Cinnamon - Key market driver analysis
2. Cinnamon - Key market restraint analysis
3. Global Ceylon cinnamon market estimates and forecast, 2015 - 2025 (USD Million)
4. Global Cassis cinnamon market estimates and forecast, 2015 - 2025 (USD Million)
5. Global Saigon cinnamon market estimates and forecast, 2015 - 2025 (USD Million)
6. Global Korintje cinnamon market estimates and forecast, 2015 - 2025 (USD Million)
7. Global cinnamon market estimates and forecast for residential, 2015 - 2025 (USD Million)
8. Global cinnamon market estimates and forecast for commercial, 2015 - 2025 (USD Million)
9. North America cinnamon market estimates and forecast, 2015 - 2025 (USD Million)
10. North America cinnamon market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
11. North America cinnamon market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
12. U.S. cinnamon market estimates and forecast, 2015 - 2025 (USD Million)
13. U.S. cinnamon market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
14. U.S. cinnamon market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
15. Europe cinnamon market estimates and forecast, 2015 - 2025 (USD Million)
16. Europe cinnamon market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
17. Europe cinnamon market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
18. Germany cinnamon market estimates and forecast, 2015 - 2025 (USD Million)
19. Germany cinnamon market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
20. Germany cinnamon market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
21. U.K. cinnamon market estimates and forecast, 2015 - 2025 (USD Million)
22. U.K. cinnamon market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
23. U.K. cinnamon market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
24. Asia Pacific cinnamon market estimates and forecast, 2015 - 2025 (USD Million)
25. Asia Pacific cinnamon market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
26. Asia Pacific cinnamon market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
27. Japan cinnamon market estimates and forecast, 2015 - 2025 (USD Million)
28. Japan cinnamon market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
29. Japan cinnamon market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
30. India cinnamon market estimates and forecast, 2015 - 2025 (USD Million)
31. India cinnamon market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
32. India cinnamon market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
33. Central & South America cinnamon market estimates and forecast, 2015 - 2025 (USD Million)
34. Central & South America cinnamon market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
35. Central & South America cinnamon market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
36. Peru cinnamon market estimates and forecast, 2015 - 2025 (USD Million)
37. Peru cinnamon market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
38. Peru cinnamon market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
39. Middle East & Africa cinnamon market estimates and forecast, 2015 - 2025 (USD Million)
40. Middle East & Africa cinnamon market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
41. Middle East & Africa cinnamon market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
42. UAE cinnamon market estimates and forecast, 2015 - 2025 (USD Million)
43. UAE cinnamon market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
44. UAE cinnamon market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
45. Vendor landscape

List of Figures

1. Cinnamon market snapshot 
2. Cinnamon market segmentation & scope
3. Cinnamon market penetration & growth prospect mapping
4. Cinnamon value chain analysis
5. Cinnamon market dynamics
6. Cinnamon market: Porter's analysis 
7. Cinnamon market: Product movement analysis
8. Cinnamon market: Application movement analysis 
9. Cinnamon market: Regional movement analysis