The Latin America, Middle East and Africa Cinnamon Market is expected to witness market growth of 14.1% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 14,670.8, showcasing a growth of 12.4% (2024-2031).
Saigon cinnamon, also known as Vietnamese cinnamon, is renowned for its exceptionally strong, sweet, and spicy flavor, making it a favorite in both culinary and commercial applications. It has a higher concentration of essential oils than other cinnamon types, which enhances its potent aroma and taste. Saigon cinnamon is commonly used in spicy dishes, desserts, and beverages that require a more intense cinnamon flavor. Therefore, in Argentina, 212.33 tonnes of Saigon cinnamon is expected to be utilized by the year 2031.
The Brazil market dominated the LAMEA Cinnamon Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $363.3 million by 2031. The Argentina market is registering a CAGR of 14.9% during 2024-2031. Additionally, the UAE market would capture a CAGR of 13.1% during 2024-2031.
Cinnamon is incorporated into various healthy snacks, such as cinnamon-flavoured energy bars and nut mixes, appealing to consumers looking for flavourful yet nutritious options. The culinary world is currently experiencing the development of cinnamon-infused oils, which are utilized as a base for salad dressings or drizzling over dishes. This trend provides a distinctive flavour profile to commonplace meals. With the rise of plant-based diets, cinnamon enhances the flavours of plant-based meats and dairy alternatives, providing a familiar warmth and flavour profile.
Several factors have driven the adoption of cinnamon across various sectors. Cinnamon is increasingly integrated into daily routines, such as being added to morning coffee, oatmeal, or yogurt, as consumers seek to enhance their meals with flavourful and healthful ingredients. Cinnamon's association with festive occasions and seasonal flavours (such as pumpkin spice during autumn) drives its adoption during specific times of the year, leading to increased sales and usage.
As Saudi Arabia’s pharmaceutical industry expands, there is a growing interest in standardizing and quality-controlling herbal ingredients. This trend is essential for ensuring the efficacy and safety of cinnamon products. Pharmaceutical companies increasingly focus on sourcing high-quality, standardized cinnamon extracts that can be reliably used in formulations. This emphasis on quality and standardization enhances the overall demand for cinnamon within the pharmaceutical market.
Incorporating sophisticated extraction and processing technologies into the pharmaceutical sector is essential for expanding the cinnamon market. Innovations that improve the bioavailability and efficacy of cinnamon's active compounds will make it a more appealing option for pharmaceutical formulations. As companies seek to enhance the therapeutic potential of their products, the use of high-quality cinnamon extracts will likely rise. Therefore, the expansion of the food service sector in the UAE and the rising pharmaceutical industry in Saudi Arabia significantly impact the cinnamon market by driving demand for this versatile spice in various health products.
Saigon cinnamon, also known as Vietnamese cinnamon, is renowned for its exceptionally strong, sweet, and spicy flavor, making it a favorite in both culinary and commercial applications. It has a higher concentration of essential oils than other cinnamon types, which enhances its potent aroma and taste. Saigon cinnamon is commonly used in spicy dishes, desserts, and beverages that require a more intense cinnamon flavor. Therefore, in Argentina, 212.33 tonnes of Saigon cinnamon is expected to be utilized by the year 2031.
The Brazil market dominated the LAMEA Cinnamon Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $363.3 million by 2031. The Argentina market is registering a CAGR of 14.9% during 2024-2031. Additionally, the UAE market would capture a CAGR of 13.1% during 2024-2031.
Cinnamon is incorporated into various healthy snacks, such as cinnamon-flavoured energy bars and nut mixes, appealing to consumers looking for flavourful yet nutritious options. The culinary world is currently experiencing the development of cinnamon-infused oils, which are utilized as a base for salad dressings or drizzling over dishes. This trend provides a distinctive flavour profile to commonplace meals. With the rise of plant-based diets, cinnamon enhances the flavours of plant-based meats and dairy alternatives, providing a familiar warmth and flavour profile.
Several factors have driven the adoption of cinnamon across various sectors. Cinnamon is increasingly integrated into daily routines, such as being added to morning coffee, oatmeal, or yogurt, as consumers seek to enhance their meals with flavourful and healthful ingredients. Cinnamon's association with festive occasions and seasonal flavours (such as pumpkin spice during autumn) drives its adoption during specific times of the year, leading to increased sales and usage.
As Saudi Arabia’s pharmaceutical industry expands, there is a growing interest in standardizing and quality-controlling herbal ingredients. This trend is essential for ensuring the efficacy and safety of cinnamon products. Pharmaceutical companies increasingly focus on sourcing high-quality, standardized cinnamon extracts that can be reliably used in formulations. This emphasis on quality and standardization enhances the overall demand for cinnamon within the pharmaceutical market.
Incorporating sophisticated extraction and processing technologies into the pharmaceutical sector is essential for expanding the cinnamon market. Innovations that improve the bioavailability and efficacy of cinnamon's active compounds will make it a more appealing option for pharmaceutical formulations. As companies seek to enhance the therapeutic potential of their products, the use of high-quality cinnamon extracts will likely rise. Therefore, the expansion of the food service sector in the UAE and the rising pharmaceutical industry in Saudi Arabia significantly impact the cinnamon market by driving demand for this versatile spice in various health products.
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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. LAMEA Cinnamon Market by Application
Chapter 5. LAMEA Cinnamon Market by Product
Chapter 6. LAMEA Cinnamon Market by Distribution Channel
Chapter 7. LAMEA Cinnamon Market by Country
Chapter 8. Company Profiles
Companies Mentioned
Some of the key companies profiled in this LAMEA 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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