Spices Surge: Cinnamon Ground Market Thrives on Robust Demand | UnivDatos

 

The Cinnamon Ground Market is expected to witness a CAGR of around 4% during the forecast period. Cinnamon is a spice that comes from the inner bark of the tropical Cinnamomum tree, sold as rolled quills or ground into a fine powder. Cinnamon contains antioxidants, which are a healthy component of the diet that help neutralize free radicals, preventing them from damaging cells in the body. As a result, it is used in various industries such as cosmetics, food & beverages, and pharmaceuticals. Moreover, the consumption of cinnamon is gaining importance as various studies have proved its capability in reducing fasting glucose levels in type II diabetic patients and is also helpful in Alzheimer's disease. For instance, according to a report from the Alzheimer's Disease Association, in 2022, neurodegenerative diseases affect millions of people worldwide. In the United States, as many as 6.2 million people may have Alzheimer's disease. Pharmaceutical companies are focusing on developing cinnamon-based formulations as cinnamon has anti-inflammatory, anti-bacterial, anti-fungal, and anti-carcinogenic properties.

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Based on type, the market is segmented into ceylon cinnamon, cassia cinnamon, saigon cinnamon, and korintje cinnamon. The ceylon cinnamon category is to witness higher CAGR during the forecast period owing to its antioxidant property which helps in preventing the risk of health conditions like cancer, heart disease, and diabetes. Ceylon cinnamon is also rich in the mineral manganese. This mineral helps body to manage the enzymes that produce hormones and help repair bones.

Based on the application, the cinnamon ground market has been classified into essential oils & aroma therapy, beverages, bakery & processed foods, pharmaceutical cosmetics, and others. The essential oils & aroma therapy category is to witness significant growth during the forecast period. Cinnamon extract is used as an essential oil in the cosmetics sector, where it can be used in a variety of personal care products. One of the most effective natural treatments for a variety of medical conditions, including constipation and colds, and coughs, is an essential oil containing cinnamon.

APAC to witness extensive growth

For a better understanding of the market adoption of the cinnamon ground market, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. APAC is anticipated to grow at a considerable CAGR during the forecast period. This is mainly due to the growing demand for healthy and herbal products & high consumption of spices in the region. Further, the traditional use of spices in many Asian cuisines has been a major factor in the expansion of the cinnamon ground market in the region. Also, the growing population and urbanization, rising brand awareness, and expanding organized retail markets in developing nations are some major key factors for the growth of this market.

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the cinnamon ground market are EHL Ingredients, First Spice Mixing Company, ACH Food Companies Inc., Biofoods Pvt Ltd, McCormick & Company Inc., Sauer Brands, Elite Spice, HDDES Group, SDS Spices, Ceylon Spice Company

“Global Cinnamon Ground Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.      

Market Segmentation:

1.     By Type (Ceylon Cinnamon, Cassia Cinnamon, Saigon Cinnamon, and Korintje Cinnamon)

2.     By Application (Essential Oils & Aroma Therapy, Beverages, Bakery & Processed Foods, Pharmaceutical Cosmetics, and Others)

3.     By Region (North America, Europe, Asia-Pacific, Rest of the World)

4.     By Company (EHL Ingredients, First Spice Mixing Company, ACH Food Companies Inc., Biofoods Pvt Ltd, McCormick & Company Inc., Sauer Brands, Elite Spice, HDDES Group, SDS Spices, Ceylon Spice Company)

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Key questions answered in the study:

1.     What are the current and future trends of the global cinnamon ground industry?

2.     How the industry has been evolving in terms of type and application?

3.     How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.     What are the key growth drivers and challenges for the global cinnamon ground industry?

5.     What is the customer orientation, purchase behavior, and expectations from the global cinnamon ground suppliers across various region and countries?

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