Market Overview:
The global cinnamon bark market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for natural and organic products, rising awareness about the health benefits of cinnamon, and growing popularity of functional foods and beverages. Additionally, the increasing demand from emerging markets is also contributing to the growth of this market. On the basis of type, Chinese cinnamon accounted for a major share of the global cinnamon bark market in 2017. This can be attributed to its high quality and strong flavor profile. However, Sri LankaCinnamon is expected to grow at a higher CAGR during 2018-2030 owing to its unique flavor profile and health benefits such as anti-inflammatory properties. On the basis of application, spice accounted for a major share ofthe global Cinnamon Bark Market in 2017 due its widespread use in various cuisines across different regions worldwide.
Product Definition:
Cinnamon bark is the dried bark of the cinnamon tree, which is a member of the laurel family. The inner bark is used as a spice. It has a sweet flavor and a strong aroma.
Chinese Cinnamon:
Cinnamon is a spice that is obtained from the branches of the Cinnamomum tree family, which are native to South America and used as a flavoring agent in various foods. The most common cinnamon variants include Ceylon cinnamon, Chinese cassia, and Bourbon wood.
The global market for Chinese cinnamon has been growing at a steady pace with increasing demand from food & beverage applications such as bakery products and confectioneries along with beverages like tea and coffee.
Sri LankaCinnamon:
Cinnamon is a spice that is obtained from the branches of the Cinnamomum tree family. The spice has been used for centuries in South Asian countries like Sri Lanka, India, and Bangladesh for various food preparations. It has antiseptic properties which help prevent diseases during its processing. These factors make it suitable to be used as a flavoring agent in foods and beverages.
Application Insights:
The spice segment led the global cinnamon bark market in 2017 and is projected to witness significant growth over the forecast period. The product is widely used as a flavoring agent for bakery, beverages, confectionery and meat products. Its use as a spice has resulted in high consumption rates across various regions of the world. Sri Lanka exports spices including cinnamon to countries such as China, India and Middle East which has resulted in increasing demand for this product among other spices globally.
Cinnamon also finds application in several non-spice formulations such as cosmetics, toiletries and pharmaceuticals on account of its medicinal properties attributed to enhance brain function, treat diabetes mellitus type 2 etcetera.
Regional Analysis:
Asia Pacific dominated the global cinnamon bark market in 2017 and is expected to continue its dominance over the forecast period. The region is home to two of the largest consumers of spice products, China and India. Asia Pacific has witnessed a significant rise in demand for allspice from countries such as U.S., U.K., Germany, Saudi Arabia, UAE among others due to its unique taste and aroma that can enhance many dishes including meat, fish & seafood as well as traditional desserts prepared at home or restaurants alike.
China was one of the largest importers of Sri Lanka Cinnamon Bark until 2016 owing to high demand from domestic end-use industries such as food processing units.
Growth Factors:
- Increasing demand for natural and organic products
- Rising awareness about the health benefits of Cinnamon Bark
- Growing popularity of herbal supplements and remedies
- Proliferation of online retail channels
- Expanding applications for Cinnamon Bark in food, cosmetics, and pharmaceuticals
Scope Of The Report
Report Attributes
Report Details
Report Title
Cinnamon Bark Market Research Report
By Type
Chinese Cinnamon, Sri LankaCinnamon, Others
By Application
Spice, Others
By Companies
Adam Group, Bio Foods, Everson Spice Company, Goya Foods, HDDES Group, First Spice Mixing Company, C.F. Sauer Company, EOAS International, Bart Ingredients Company, Adams Extract & Spice, ACH Food Companies, Frontier Natural Products, Cassia Co-op, Naturoca, Cino Ceylon, Cinnatopia
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
212
Number of Tables & Figures
149
Customization Available
Yes, the report can be customized as per your need.
Global Cinnamon Bark Market Report Segments:
The global Cinnamon Bark market is segmented on the basis of:
Types
Chinese Cinnamon, Sri LankaCinnamon, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Spice, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Adam Group
- Bio Foods
- Everson Spice Company
- Goya Foods
- HDDES Group
- First Spice Mixing Company
- C.F. Sauer Company
- EOAS International
- Bart Ingredients Company
- Adams Extract & Spice
- ACH Food Companies
- Frontier Natural Products
- Cassia Co-op
- Naturoca
- Cino Ceylon
- Cinnatopia
Highlights of The Cinnamon Bark Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Chinese Cinnamon
- Sri LankaCinnamon
- Others
- By Application:
- Spice
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cinnamon Bark Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cinnamon bark is the dried inner bark of a tree in the genus Cinnamomum. The bark is used as a spice, flavoring agent, and medicinal herb.
Some of the major players in the cinnamon bark market are Adam Group, Bio Foods, Everson Spice Company, Goya Foods, HDDES Group, First Spice Mixing Company, C.F. Sauer Company, EOAS International, Bart Ingredients Company, Adams Extract & Spice, ACH Food Companies, Frontier Natural Products, Cassia Co-op, Naturoca, Cino Ceylon, Cinnatopia.
The cinnamon bark market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cinnamon Bark Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cinnamon Bark Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cinnamon Bark Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cinnamon Bark Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cinnamon Bark Market Size & Forecast, 2018-2028
4.5.1 Cinnamon Bark Market Size and Y-o-Y Growth
4.5.2 Cinnamon Bark Market Absolute $ Opportunity
Chapter 5 Global Cinnamon Bark Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Cinnamon Bark Market Size Forecast by Type
5.2.1 Chinese Cinnamon
5.2.2 Sri LankaCinnamon
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Cinnamon Bark Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Cinnamon Bark Market Size Forecast by Applications
6.2.1 Spice
6.2.2 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cinnamon Bark Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cinnamon Bark Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Cinnamon Bark Analysis and Forecast
9.1 Introduction
9.2 North America Cinnamon Bark Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Cinnamon Bark Market Size Forecast by Type
9.6.1 Chinese Cinnamon
9.6.2 Sri LankaCinnamon
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Cinnamon Bark Market Size Forecast by Applications
9.10.1 Spice
9.10.2 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Cinnamon Bark Analysis and Forecast
10.1 Introduction
10.2 Europe Cinnamon Bark Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Cinnamon Bark Market Size Forecast by Type
10.6.1 Chinese Cinnamon
10.6.2 Sri LankaCinnamon
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Cinnamon Bark Market Size Forecast by Applications
10.10.1 Spice
10.10.2 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Cinnamon Bark Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Cinnamon Bark Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Cinnamon Bark Market Size Forecast by Type
11.6.1 Chinese Cinnamon
11.6.2 Sri LankaCinnamon
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Cinnamon Bark Market Size Forecast by Applications
11.10.1 Spice
11.10.2 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Cinnamon Bark Analysis and Forecast
12.1 Introduction
12.2 Latin America Cinnamon Bark Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Cinnamon Bark Market Size Forecast by Type
12.6.1 Chinese Cinnamon
12.6.2 Sri LankaCinnamon
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Cinnamon Bark Market Size Forecast by Applications
12.10.1 Spice
12.10.2 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Cinnamon Bark Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Cinnamon Bark Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Cinnamon Bark Market Size Forecast by Type
13.6.1 Chinese Cinnamon
13.6.2 Sri LankaCinnamon
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Cinnamon Bark Market Size Forecast by Applications
13.10.1 Spice
13.10.2 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cinnamon Bark Market: Competitive Dashboard
14.2 Global Cinnamon Bark Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Adam Group
14.3.2 Bio Foods
14.3.3 Everson Spice Company
14.3.4 Goya Foods
14.3.5 HDDES Group
14.3.6 First Spice Mixing Company
14.3.7 C.F. Sauer Company
14.3.8 EOAS International
14.3.9 Bart Ingredients Company
14.3.10 Adams Extract & Spice
14.3.11 ACH Food Companies
14.3.12 Frontier Natural Products
14.3.13 Cassia Co-op
14.3.14 Naturoca
14.3.15 Cino Ceylon
14.3.16 Cinnatopia
