Cinnamon Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025

Description

Persistence Market Research has recently released a comprehensive report on the global Cinnamon Market, providing an in-depth analysis of key market dynamics, including driving forces, emerging trends, opportunities, and challenges. This report offers a detailed understanding of the market landscape, helping stakeholders make well-informed decisions.

Key Insights:

Cinnamon Market Size (2025E): USD 828.2 Mn
Projected Market Value (2032F): USD 1,057.3 Mn
Global Market Growth Rate (CAGR 2025 to 2032): 3.6%

Cinnamon Market - Report Scope:

The cinnamon market encompasses the production, processing, and distribution of various types of cinnamon, including Ceylon cinnamon, Korintje cinnamon, Cassia cinnamon, and Saigon cinnamon. Cinnamon is widely used in the food and beverage industry, pharmaceuticals, and personal care products due to its health benefits and aromatic properties. The increasing demand for organic and natural spices, along with the rising popularity of functional foods, is driving the market's expansion.

Market Growth Drivers:

The global cinnamon market is witnessing significant growth, driven by various factors. The rising consumer preference for natural and organic ingredients in food and beverages has fueled the demand for cinnamon. Its well-documented health benefits, including anti-inflammatory and antioxidant properties, further support market growth. Additionally, the expansion of the global food industry, particularly in the bakery, confectionery, and beverages segments, is increasing the demand for cinnamon as a key ingredient. The growing awareness of cinnamon's medicinal applications in traditional and modern pharmaceuticals also contributes to its increasing adoption.

Market Restraints:

Despite the promising growth, the cinnamon market faces certain challenges. Price volatility due to fluctuating supply, impacted by climatic conditions and geopolitical factors, poses a challenge for manufacturers. Additionally, the dominance of a few major cinnamon-producing countries, such as Sri Lanka and Indonesia, makes the supply chain vulnerable to disruptions. Concerns related to excessive coumarin content in certain cinnamon varieties may also affect consumer confidence and regulatory approvals in some regions.

Market Opportunities:

The cinnamon market presents several growth opportunities. The increasing popularity of clean-label and organic products provides a lucrative opportunity for organic cinnamon producers. Expansion into emerging markets, particularly in Asia-Pacific and Latin America, where consumer awareness of natural ingredients is rising, offers significant potential. Moreover, innovations in product formulations, such as cinnamon-infused beverages and supplements, are expected to drive further market growth. Strategic partnerships with food manufacturers and investments in sustainable sourcing practices can enhance market positioning for key players.

Key Questions Answered in the Report:

What are the primary factors driving the global cinnamon market's growth?
Which regions and market segments are experiencing the highest demand for cinnamon?
How are innovations in food and beverage applications influencing market dynamics?
Who are the key players in the cinnamon market, and what strategies are they adopting to stay competitive?
What are the emerging trends and future projections for the global cinnamon market?

Competitive Intelligence and Business Strategy:

Leading companies in the global cinnamon market, such as McCormick & Company, Cinnatopia, and Elite Spice, are investing in product innovation, sustainable sourcing, and strategic partnerships to maintain their market presence. These companies focus on enhancing cinnamon quality, expanding distribution networks, and promoting organic and fair-trade certifications to appeal to health-conscious consumers. Collaborations with major food and beverage manufacturers help expand market reach, while investments in research and development contribute to product differentiation.

Companies Covered in This Report:

McCormick & Company
Cinnatopia
G.P. de Silva & Sons International (Pvt) Ltd.
Ceylon Spice Company
Elite Spice
FutureCeuticals
Kahawatte Plantations PLC
High Plains Spice Company
Natural Spices of Grenada

Cinnamon Industry Research by Category:

By Type:

Ceylon Cinnamon
Korintje Cinnamon
Cassia Cinnamon
Saigon Cinnamon

By Nature:

Organic
Conventional

By Form:

Whole
Extract
Powder
Oil

By End Use:

Food Industry

By Distribution Channel:

Business to Business
Business to Consumer

By Region:

North America
Latin America
Europe
South Asia & Pacific
East Asia
Middle East & Africa

Product Code: PMRREP20272

1. Executive Summary

1.1. Global Cinnamon Market Snapshot, 2025 and 2032
1.2. Market Opportunity Assessment, 2025-2032, US$ Mn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. COVID-19 Impact Analysis
2.4. Forecast Factors - Relevance and Impact

3. Value Added Insights

3.1. Value Chain Analysis
3.2. Key Market Players
3.3. Regulatory Landscape
3.4. PESTLE Analysis
3.5. Porter's Five Force Analysis
3.6. Consumer Behavior Analysis

4. Trade Statistics (HS code: 090620)

4.1. Top Importing Countries
4.2. Top Exporting Countries

5. Price Trend Analysis, 2019-2032

5.1. Key Factors Impacting Product Prices
5.2. Pricing Analysis, By Type
5.3. Regional Prices and Product Preferences

6. Global Cinnamon Market Outlook

6.1. Key Highlights
- 6.1.1. Market Volume (Tons) Projections
- 6.1.2. Market Size (US$ Mn) and Y-o-Y Growth
- 6.1.3. Absolute $ Opportunity
6.2. Market Size (US$ Mn) Analysis and Forecast
- 6.2.1. Historical Market Size (US$ Mn) Analysis, 2019-2024
- 6.2.2. Current Market Size (US$ Mn) Analysis and Forecast, 2025-2032
6.3. Global Cinnamon Market Outlook: Type
- 6.3.1. Historical Market Size (US$ Mn) and Volume (Tons) Analysis, By Type, 2019-2024
- 6.3.2. Current Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Type, 2025-2032
  - 6.3.2.1. Ceylon
  - 6.3.2.2. Saigon
  - 6.3.2.3. Cassia
  - 6.3.2.4. Korintje
- 6.3.3. Market Attractiveness Analysis: Type
6.4. Global Cinnamon Market Outlook: Source
- 6.4.1. Historical Market Size (US$ Mn) and Volume (Tons) Analysis, By Source, 2019-2024
- 6.4.2. Current Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Source, 2025-2032
  - 6.4.2.1. Organic
  - 6.4.2.2. Conventional
- 6.4.3. Market Attractiveness Analysis: Source
6.5. Global Cinnamon Market Outlook: Form
- 6.5.1. Historical Market Size (US$ Mn) and Volume (Tons) Analysis, By Form, 2019-2024
- 6.5.2. Current Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Form, 2025-2032
  - 6.5.2.1. Whole
  - 6.5.2.2. Ground
  - 6.5.2.3. Oil
  - 6.5.2.4. Liquid Extract
- 6.5.3. Market Attractiveness Analysis: Form
6.6. Global Cinnamon Market Outlook: End Use
- 6.6.1. Historical Market Size (US$ Mn) and Volume (Tons) Analysis, By End Use, 2019-2024
- 6.6.2. Current Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By End Use, 2025-2032
  - 6.6.2.1. Food & Beverage Industry
  - 6.6.2.2. Pharmaceuticals
  - 6.6.2.3. Cosmetics & Personal Care
  - 6.6.2.4. Household Products
- 6.6.3. Market Attractiveness Analysis: End Use
6.7. Global Cinnamon Market Outlook: Sales Channel
- 6.7.1. Historical Market Size (US$ Mn) and Volume (Tons) Analysis, By Sales Channel, 2019-2024
- 6.7.2. Current Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Sales Channel, 2025-2032
  - 6.7.2.1.
    - 6.7.2.1.1. Supermarkets/Hypermarkets
    - 6.7.2.1.2. Specialty Stores
    - 6.7.2.1.3. Online Retail
    - 6.7.2.1.4. Convenience Stores
- 6.7.3. Market Attractiveness Analysis: Sales Channel

7. Global Cinnamon Market Outlook: Region

7.1. Historical Market Size (US$ Mn) and Volume (Tons) Analysis, By Region, 2019-2024
7.2. Current Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Region, 2025-2032
- 7.2.1. North America
- 7.2.2. Latin America
- 7.2.3. Europe
- 7.2.4. East Asia
- 7.2.5. South Asia and Oceania
- 7.2.6. Middle East & Africa
7.3. Market Attractiveness Analysis: Region

8. North America Cinnamon Market Outlook

8.1. Historical Market Size (US$ Mn) and Volume (Tons) Analysis, By Market, 2019-2024
- 8.1.1. By Country
- 8.1.2. By Type
- 8.1.3. By Source
- 8.1.4. By Form
- 8.1.5. By End Use
- 8.1.6. By Sales Channel
8.2. Current Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Country, 2025-2032
- 8.2.1. U.S.
- 8.2.2. Canada
8.3. Current Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Type, 2025-2032
- 8.3.1. Ceylon
- 8.3.2. Saigon
- 8.3.3. Cassia
- 8.3.4. Korintje
8.4. Current Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Source, 2025-2032
- 8.4.1. Organic
- 8.4.2. Conventional
8.5. Current Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Form, 2025-2032
- 8.5.1. Whole
- 8.5.2. Ground
- 8.5.3. Oil
- 8.5.4. Liquid Extract
8.6. Current Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By End Use, 2025-2032
- 8.6.1. Food & Beverage Industry
- 8.6.2. Pharmaceuticals
- 8.6.3. Cosmetics & Personal Care
- 8.6.4. Household Products
8.7. Current Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Sales Channel, 2025-2032
- 8.7.1. Supermarkets/Hypermarkets
- 8.7.2. Specialty Stores
- 8.7.3. Online Retail
- 8.7.4. Convenience Stores
8.8. Market Attractiveness Analysis

9. Europe Cinnamon Market Outlook

9.1. Historical Market Size (US$ Mn) and Volume (Tons) Analysis, By Market, 2019-2024
- 9.1.1. By Country
- 9.1.2. By Type
- 9.1.3. By Source
- 9.1.4. By Form
- 9.1.5. By End Use
- 9.1.6. By Sales Channel
9.2. Current Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Country, 2025-2032
- 9.2.1. Germany
- 9.2.2. France
- 9.2.3. U.K.
- 9.2.4. Italy
- 9.2.5. Spain
- 9.2.6. Russia
- 9.2.7. Rest of Europe
9.3. Current Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Type, 2025-2032
- 9.3.1. Ceylon
- 9.3.2. Saigon
- 9.3.3. Cassia
- 9.3.4. Korintje
9.4. Current Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Source, 2025-2032
- 9.4.1. Organic
- 9.4.2. Conventional
9.5. Current Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Form, 2025-2032
- 9.5.1. Whole
- 9.5.2. Ground
- 9.5.3. Oil
- 9.5.4. Liquid Extract
9.6. Current Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By End Use, 2025-2032
- 9.6.1. Food & Beverage Industry
- 9.6.2. Pharmaceuticals
- 9.6.3. Cosmetics & Personal Care
- 9.6.4. Household Products
9.7. Current Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Sales Channel, 2025-2032
- 9.7.1. Supermarkets/Hypermarkets
- 9.7.2. Specialty Stores
- 9.7.3. Online Retail
- 9.7.4. Convenience Stores
9.8. Market Attractiveness Analysis

10. East Asia Cinnamon Market Outlook

10.1. Historical Market Size (US$ Mn) and Volume (Tons) Analysis, By Market, 2019-2024
- 10.1.1. By Country
- 10.1.2. By Type
- 10.1.3. By Source
- 10.1.4. By Form
- 10.1.5. By End Use
- 10.1.6. By Sales Channel
10.2. Current Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Country, 2025-2032
- 10.2.1. China
- 10.2.2. Japan
- 10.2.3. South Korea
10.3. Current Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Type, 2025-2032
- 10.3.1. Ceylon
- 10.3.2. Saigon
- 10.3.3. Cassia
- 10.3.4. Korintje
10.4. Current Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Source, 2025-2032
- 10.4.1. Organic
- 10.4.2. Conventional
10.5. Current Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Form, 2025-2032
- 10.5.1. Whole
- 10.5.2. Ground
- 10.5.3. Oil
- 10.5.4. Liquid Extract
10.6. Current Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By End Use, 2025-2032
- 10.6.1. Food & Beverage Industry
- 10.6.2. Pharmaceuticals
- 10.6.3. Cosmetics & Personal Care
- 10.6.4. Household Products
10.7. Current Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Sales Channel, 2025-2032
- 10.7.1. Supermarkets/Hypermarkets
- 10.7.2. Specialty Stores
- 10.7.3. Online Retail
- 10.7.4. Convenience Stores
10.8. Market Attractiveness Analysis

11. South Asia & Oceania Cinnamon Market Outlook:

11.1. Historical Market Size (US$ Mn) and Volume (Tons) Analysis, By Market, 2019-2024
- 11.1.1. By Country
- 11.1.2. By Type
- 11.1.3. By Source
- 11.1.4. By Form
- 11.1.5. By End Use
- 11.1.6. By Sales Channel
11.2. Current Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Country, 2025-2032
- 11.2.1. India
- 11.2.2. Indonesia
- 11.2.3. Thailand
- 11.2.4. Singapore
- 11.2.5. ANZ
- 11.2.6. Rest of South Asia & Oceania
11.3. Current Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Type, 2025-2032
- 11.3.1. Ceylon
- 11.3.2. Saigon
- 11.3.3. Cassia
- 11.3.4. Korintje
11.4. Current Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Source, 2025-2032
- 11.4.1. Organic
- 11.4.2. Conventional
11.5. Current Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Form, 2025-2032
- 11.5.1. Whole
- 11.5.2. Ground
- 11.5.3. Oil
- 11.5.4. Liquid Extract
11.6. Current Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By End Use, 2025-2032
- 11.6.1. Food & Beverage Industry
- 11.6.2. Pharmaceuticals
- 11.6.3. Cosmetics & Personal Care
- 11.6.4. Household Products
11.7. Current Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Sales Channel, 2025-2032
- 11.7.1. Supermarkets/Hypermarkets
- 11.7.2. Specialty Stores
- 11.7.3. Online Retail
- 11.7.4. Convenience Stores
11.8. Market Attractiveness Analysis

12. Latin America Cinnamon Market Outlook:

12.1. Historical Market Size (US$ Mn) and Volume (Tons) Analysis, By Market, 2019-2024
- 12.1.1. By Country
- 12.1.2. By Type
- 12.1.3. By Source
- 12.1.4. By Form
- 12.1.5. By End Use
- 12.1.6. By Sales Channel
12.2. Current Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Country, 2025-2032
- 12.2.1. Brazil
- 12.2.2. Mexico
- 12.2.3. Rest of Latin America
12.3. Current Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Type, 2025-2032
- 12.3.1. Ceylon
- 12.3.2. Saigon
- 12.3.3. Cassia
- 12.3.4. Korintje
12.4. Current Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Source, 2025-2032
- 12.4.1. Organic
- 12.4.2. Conventional
12.5. Current Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Form, 2025-2032
- 12.5.1. Whole
- 12.5.2. Ground
- 12.5.3. Oil
- 12.5.4. Liquid Extract
12.6. Current Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By End Use, 2025-2032
- 12.6.1. Food & Beverage Industry
- 12.6.2. Pharmaceuticals
- 12.6.3. Cosmetics & Personal Care
- 12.6.4. Household Products
12.7. Current Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Sales Channel, 2025-2032
- 12.7.1. Supermarkets/Hypermarkets
- 12.7.2. Specialty Stores
- 12.7.3. Online Retail
- 12.7.4. Convenience Stores
12.8. Market Attractiveness Analysis

13. Middle East & Africa Cinnamon Market Outlook:

13.1. Historical Market Size (US$ Mn) and Volume (Tons) Analysis, By Market, 2019-2024
- 13.1.1. By Country
- 13.1.2. By Type
- 13.1.3. By Source
- 13.1.4. By Form
- 13.1.5. By Sales Channel
13.2. Current Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Country, 2025-2032
- 13.2.1. GCC Countries
- 13.2.2. Egypt
- 13.2.3. South Africa
- 13.2.4. Northern Africa
- 13.2.5. Rest of Middle East & Africa
13.3. Current Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Type, 2025-2032
- 13.3.1. Ceylon
- 13.3.2. Saigon
- 13.3.3. Cassia
- 13.3.4. Korintje
13.4. Current Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Source, 2025-2032
- 13.4.1. Organic
- 13.4.2. Conventional
13.5. Current Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Form, 2025-2032
- 13.5.1. Whole
- 13.5.2. Ground
- 13.5.3. Oil
- 13.5.4. Liquid Extract
13.6. Current Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By End Use, 2025-2032
- 13.6.1. Food & Beverage Industry
- 13.6.2. Pharmaceuticals
- 13.6.3. Cosmetics & Personal Care
- 13.6.4. Household Products
13.7. Current Market Size (US$ Mn) and Volume (Tons) Analysis and Forecast, By Sales Channel, 2025-2032
- 13.7.1. Supermarkets/Hypermarkets
- 13.7.2. Specialty Stores
- 13.7.3. Online Retail
- 13.7.4. Convenience Stores
13.8. Market Attractiveness Analysis

14. Competition Landscape

14.1. Market Share Analysis, 2025
14.2. Market Structure
- 14.2.1. Competition Intensity Mapping By Market
- 14.2.2. Competition Dashboard
14.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 14.3.1. McCormick & Company
  - 14.3.1.1. Overview
  - 14.3.1.2. Segments and Type
  - 14.3.1.3. Key Financials
  - 14.3.1.4. Market Developments
  - 14.3.1.5. Market Strategy
- 14.3.2. Cinnatopia
- 14.3.3. G.P. de Silva & Sons International (Pvt) Ltd.
- 14.3.4. Ceylon Spice Company
- 14.3.5. Elite Spice
- 14.3.6. FutureCeuticals
- 14.3.7. Kahawatte Plantations PLC
- 14.3.8. High Plains Spice Company
- 14.3.9. Natural Spices of Grenada
- 14.3.10. Lemur International, Inc
- 14.3.11. New Lanka Cinnamon Pvt. Ltd
- 14.3.12. Great American Spice Co
- 14.3.13. Risun Bio-Tech Inc.
- 14.3.14. Monterey Bay Spice Company
- 14.3.15. The Organic Cinnamon
- 14.3.16. Others

15. Appendix

15.1. Research Methodology
15.2. Research Assumptions
15.3. Acronyms and Abbreviations

Cinnamon Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025 - 2032