Cinnamon Market Size, Share, Growth Analysis, By Type(Ceylon Cinnamon, Cassia Cinnamon, Korintje Cinnamon, Saigon Cinnamon), By End-Use(Residential, Commercial), By Region - Industry Forecast 2024-2031

Cinnamon Market Driver

• Over the projection period, the Cassia sector is expected to increase at the fastest rate. Although a variety of its subspecies are grown throughout southern and eastern Asia, this variant is native to southern China. The product form is significantly less expensive than Ceylon cinnamon and is thought to be of poorer quality. As a result, it is the food that is consumed the most globally. Due to its potent flavor and many health benefits, cassia has found use in both the culinary sector and traditional Chinese medicine. This particular spice is now used all over the world to treat infections and the common cold, ease stomach and muscular cramps, stop nausea and vomiting and manage gas and diarrhea.
• The essential oil of cinnamon extract is utilized in the cosmetics sector as an ingredient in a variety of personal care products. One of the best all-natural treatments for many illnesses, including constipation, the common cold, and cough is cinnamon-based essential oil. Additionally, the oil aids in promoting blood circulation, easing discomfort, lowering stress, warding off infections, enhancing digestion, and acting as an insect repellent. The use of cinnamon as a functional component in the creation of various nutraceutical products is predicted to increase as a result of these considerations.

Cinnamon Market Restraint

• It is expected that the market's expansion will be hampered by the fluctuation in cinnamon prices. Rain is needed to grow cinnamon. The variation in rainfall is responsible for the increase in cinnamon costs. Another factor contributing to the increased pricing of cinnamon is the lengthy time between planting and harvest.