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The Cinnamon Market size was valued at US$ 916.5 Mn. in 2022 and the total revenue is expected to grow at CAGR 7.83% through 2023 to 2029, reaching nearly US$ 1553 Mn.
Cinnamon Market Overview:
This Cinnamon Market study looks at current and emerging industry trends and dynamics in the global Cinnamon Market. Porous Silicon Substrates Extensive Market forecasting for the major Market segments is carried out between 2021 and 2027. Extensive Cinnamon Market analysis is carried out by closely monitoring key product positions and the main competitors in the Market framework. To understand the competitive landscape of the worldwide Cinnamon Market, key players are profiled and their strategies are thoroughly evaluated.
Market Scope:
The analysis contains a current examination of the present Cinnamon Market landscape, as well as the most recent trends and drivers, as well as an overview of the entire Cinnamon Market environment. Increased demand for Porous Silicon Substrates is driving the Market. The Market research examines the technology, end-user, and type categories, among other things, as well as the geographical landscape.
Cinnamon Market Dynamics:
Cinnamon contains a number of advantageous qualities that help treat a number of medical issues. Along with other elements including sodium, carbs, sugar, fatty acids, and amino acids, cinnamon is a good source of iron, calcium, and manganese. Cough and colds, influenza, diarrhoea, loose stools, toothaches, memory improvement, insomnia or restlessness, and other conditions are traditionally treated with cinnamon. Cinnamon also offers beneficial properties for health, such as antioxidants that fend off free radicals and stop cell deterioration. As a result, the demand for the product is rising everywhere due to the increasing usage of cinnamon in the pharmaceutical industry.
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Segmentation:
by Product
Ceylon
Cassia
Saigon
Korintje
The market is divided into Ceylon, Cassia, Saigon, and Korintje depending on the type of product.The sector with the biggest market share in 2022—36.2%—was Ceylon Cinnamon. Throughout the forecast period, this market sector is anticipated to expand at a CAGR of 6.1%. Ceylon is full of dense sticks with soft layers that have an extremely appealing quality and texture. Cinnamaldehyde makes up about 50–62% of its essential oil, which is quite little compared to cassia and imparts a moderate flavour. These characteristics of Ceylon fuel the segment’s growth internationally.
by Form
Quills
Chips
Powder
Oil
Others
by Application
Essential Oils & Aroma Therapy
Beverages
Bakery
Other Processed Food
Pharmaceutical
Cosmetics
The market is divided into Residential and Commercial segments based on Application.In 2022, the Residential sector accounted for 58.3% of the market. One major element driving up the demand for products in this market is the expanding use of cinnamon spices for enhancing flavour and taste in many foods.
by Distribution Channel
Hypermarkets
Supermarkets
Online Retailers
Convenience Stores
Specialty Stores
Others
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Key Players:
The Market research report provides comprehensive quantitative insights that provide a clear picture of the worldwide Market potential in a variety of categories, as well as country-by-country analyses in each covered topic. The analysis investigates the Market’s major influencing factors, as well as complete company profiles of
• Pure Ceylon Cinnamon
• Ceylon Spice Company
• HDDES Group
• C.F Saucer Company
• Biofoods Pvt Ltd
• First Spice Mixing Company
• Elite Spice
• EHL Ingredients
• McCormick & Company, Inc.
• C.F. Sauer Company
• Bart Ingredients
• Organic Spices Inc.
• Ozone Naturals
• Rathna Ceylon Cinnamon
• Taj Agro Products Ltd.
Regional Analysis:
Individual Market influencing variables and changes in Market laws that impact present and future Market trends are also included in the regional segment of the Market study. Data points such as downstream and upstream value chain analysis, technology trends, Porter’s five forces analysis, and case studies are just a few of the indicators utilized to anticipate Market scenarios for various industries. When examining projection data for the region, the existence and availability of global players, as well as the obstacles they face as a result of substantial or low to none competition from local and domestic brands, are all taken into account.
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COVID-19 Impact Analysis on Cinnamon Market:
The COVID-19 epidemic has had a significant impact on the global Porous Silicon Substrates industry. Porous Silicon Substrates Production facilities were halted due to the global economic slump and a lack of manpower. The COVID-19 pandemic has led to a significant and extended drop in production utilization, and travel prohibitions and facility closures have kept personnel away from their facilities, causing the Market to decelerate in 2020. The negative impact of COVID-19 on the Market, on the other hand, is expected to be transitory, and the sector is expected to revive significantly by early 2021, owing to increased demand for Porous Silicon Substrates.
Key Questions Answered in the Cinnamon Market Report are:
- Which segment was responsible for the largest share in the Cinnamon Market?
- How was the competitive scenario of the Market in 2020?
- Which are the key factors responsible for the Market growth?
- Which region held the maximum share in the Cinnamon Market in 2020?
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