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
- Ceylon
- Cassia
- Saigon
- Korintje
- Other Products
- Hypermarkets & Supermarkets
- Convenience Stores
- Specialty Stores
- Online
- Other Distribution Channels
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
Table of Contents
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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