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Asia-Pacific Cinnamon Market Size, Share & Trends Analysis Report By Application (Commercial, and Residential), By Product (Ceylon, Cassia, Saigon, Korintje, and Other Products), By Distribution Channel, By Country and Growth Forecast, 2024 - 2031

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    Report

  • 133 Pages
  • October 2024
  • Region: Asia Pacific
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 6020517
The Asia Pacific Cinnamon Market is expected to witness market growth of 12.7% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 137,738.4 tonnes, showcasing a growth of 10.1% (2020-2023).

Cassia cinnamon is the most common and widely used type of cinnamon, grown mainly in China and Indonesia. It has a stronger, spicier flavor and is harder in texture compared to Ceylon cinnamon. This variety is typically used in everyday cooking, baking, and mass-produced food products due to its affordability and availability. Cassia cinnamon is often favored in savory dishes, sauces, and beverages because its bold taste can withstand longer cooking times. Thus, in Japan, 9,361.41 tonnes of cassia cinnamon would be utilized by the year 2031.



The China market dominated the Asia Pacific Cinnamon Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $2.26 billion by 2031. The Japan market is exhibiting a CAGR of 11.6% during 2024-2031. Additionally, the India market is expected to obtain a CAGR of 13.2% during 2024-2031.

Cinnamon infuses flavours into various alcoholic beverages, such as spiced rums and mulled wines, which create warm, inviting drinks during the holiday season. Many herbal tea blends feature cinnamon for its unique flavour and health benefits. Its warm taste complements ingredients like ginger and cloves for soothing brews. Incorporating cinnamon in health-focused beverages, such as smoothie blends and functional tonics, caters to the growing trend of nutritious and functional drinking options.

The antimicrobial properties of cinnamon are being harnessed to develop natural preservatives that can be used in organic and clean-label food products, appealing to health-conscious consumers. Research is exploring cinnamon's potential in food safety, specifically, its ability to inhibit the growth of foodborne pathogens, making it a candidate for use in food processing and preservation.

The increasing interest in K-beauty products globally presents an opportunity for cinnamon to be featured in international markets. With South Korea's strong reputation as a leader in beauty innovation, the incorporation of cinnamon into cosmetic products can help capture the attention of consumers worldwide, expanding the cinnamon market beyond local borders. As Korean beauty brands gain recognition for their unique and effective formulations, the presence of cinnamon as a central ingredient can contribute to its global appeal. Thus, the expansion of the nutraceutical industry in India and rising cosmetics sector in South Korea significantly impacts the cinnamon market by driving substantial demand for this versatile and health-promoting spice.

List of Key Companies Profiled

  • Goya Foods, Inc.
  • McCormick & Company, Inc.
  • Sauer Brands Inc.
  • Frontier Cooperative
  • Ceylon Spice Company
  • Elite Spice Inc.
  • SDS Spices Pvt Ltd
  • Bart Ingredients (Fuchs GmbH & Co. KG)
  • HDDES Group

Market Report Segmentation

By Application (Volume, Tonnes, USD Billion, 2020-2031)
  • Commercial
  • Residential
By Product (Volume, Tonnes, USD Billion, 2020-2031)
  • Ceylon
  • Cassia
  • Saigon
  • Korintje
  • Other Products
By Distribution Channel (Volume, Tonnes, USD Billion, 2020-2031)
  • Hypermarkets & Supermarkets
  • Convenience Stores
  • Specialty Stores
  • Online
  • Other Distribution Channels
By Country (Volume, Tonnes, USD Billion, 2020-2031)
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Rest of Asia Pacific

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Cinnamon Market, by Application
1.4.2 Asia Pacific Cinnamon Market, by Product
1.4.3 Asia Pacific Cinnamon Market, by Distribution Channel
1.4.4 Asia Pacific Cinnamon Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Asia Pacific Cinnamon Market by Application
4.1 Asia Pacific Commercial Market by Country
4.2 Asia Pacific Residential Market by Country
Chapter 5. Asia Pacific Cinnamon Market by Product
5.1 Asia Pacific Ceylon Market by Country
5.2 Asia Pacific Cassia Market by Country
5.3 Asia Pacific Saigon Market by Country
5.4 Asia Pacific Korintje Market by Country
5.5 Asia Pacific Other Products Market by Country
Chapter 6. Asia Pacific Cinnamon Market by Distribution Channel
6.1 Asia Pacific Hypermarkets & Supermarkets Market by Country
6.2 Asia Pacific Convenience Stores Market by Country
6.3 Asia Pacific Specialty Stores Market by Country
6.4 Asia Pacific Online Market by Country
6.5 Asia Pacific Other Distribution Channels Market by Country
Chapter 7. Asia Pacific Cinnamon Market by Country
7.1 China Cinnamon Market
7.1.1 China Cinnamon Market by Application
7.1.2 China Cinnamon Market by Product
7.1.3 China Cinnamon Market by Distribution Channel
7.2 Japan Cinnamon Market
7.2.1 Japan Cinnamon Market by Application
7.2.2 Japan Cinnamon Market by Product
7.2.3 Japan Cinnamon Market by Distribution Channel
7.3 India Cinnamon Market
7.3.1 India Cinnamon Market by Application
7.3.2 India Cinnamon Market by Product
7.3.3 India Cinnamon Market by Distribution Channel
7.4 South Korea Cinnamon Market
7.4.1 South Korea Cinnamon Market by Application
7.4.2 South Korea Cinnamon Market by Product
7.4.3 South Korea Cinnamon Market by Distribution Channel
7.5 Australia Cinnamon Market
7.5.1 Australia Cinnamon Market by Application
7.5.2 Australia Cinnamon Market by Product
7.5.3 Australia Cinnamon Market by Distribution Channel
7.6 Malaysia Cinnamon Market
7.6.1 Malaysia Cinnamon Market by Application
7.6.2 Malaysia Cinnamon Market by Product
7.6.3 Malaysia Cinnamon Market by Distribution Channel
7.7 Rest of Asia Pacific Cinnamon Market
7.7.1 Rest of Asia Pacific Cinnamon Market by Application
7.7.2 Rest of Asia Pacific Cinnamon Market by Product
7.7.3 Rest of Asia Pacific Cinnamon Market by Distribution Channel
Chapter 8. Company Profiles
8.1 Goya Foods, Inc.
8.1.1 Company Overview
8.2 McCormick & Company, Inc.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 SWOT Analysis
8.3 Sauer Brands Inc.
8.3.1 Company Overview
8.3.2 SWOT Analysis
8.4 Frontier Cooperative
8.4.1 Company Overview
8.4.2 SWOT Analysis
8.5 Ceylon Spice Company
8.5.1 Company Overview
8.6 Elite Spice Inc.
8.6.1 Company Overview
8.7 SDS Spices (Private) Limited
8.7.1 Company Overview
8.8 Bart Ingredients (Fuchs GmbH & Co. KG)
8.8.1 Company Overview
8.8.2 SWOT Analysis
8.9 HDDES Group
8.9.1 Company Overview

Companies Mentioned

Some of the key companies profiled in this Asia Pacific Cinnamon Market include:
  • Goya Foods, Inc.
  • McCormick & Company, Inc.
  • Sauer Brands Inc.
  • Frontier Cooperative
  • Ceylon Spice Company
  • Elite Spice Inc.
  • SDS Spices Pvt Ltd
  • Bart Ingredients (Fuchs GmbH & Co. KG)
  • HDDES Group

Methodology

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