About Cinnamon Bark
Cinnamon comes from the tree and it is used to make medicine. Cinnamon bark is used for gastrointestinal (GI) upset, diarrhea, and gas. In addition, it is used for stimulating appetite, infections caused by bacteria and parasitic worms, and menstrual cramps, the common cold, and the flu (influenza). Further, Cinnamon bark is also called Cassia Bark, cinnamon is commonly available as ground cinnamon and cinnamon quills.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Cinnamon Bark market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Adam Group (United States), Bio Foods (Sri Lanka), Everson Spice Company (United States), Goya Foods (United States), HDDES Group (Sri Lanka), First Spice Mixing Company (United States), C.F. Sauer Company (United States), EOAS International (United States), Bart Ingredients Company (United Kingdom) and ACH Food Companies (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Duvel (Belgium) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Cinnamon Bark market by Type (Powder, Chips and Oil), Application (Bakery, Confectionery, Spice Mix, Coffee, Tea, Smoothies, Alcoholic Drinks and Others) and Region.
On the basis of geography, the market of Cinnamon Bark has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Nature, the sub-segment i.e. Organic will boost the Cinnamon Bark market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Users, the sub-segment i.e. Food and Beverages will boost the Cinnamon Bark market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Changing lifestyle of individuals
Market Growth Drivers:
Growing Demand for New Flavors for Tea, Coffee and Others and Growing Awareness About the Healthy Attributes of Cinnamon Bark
Challenges:
Lack of Manpower Required for the Production
Restraints:
Fluctuating Prices of Raw Materials
Opportunities:
Increased Disposable Income and Applications in food, beverage, cosmetics and others
In February 2024, Nature Bio Foods, one of the world’s leading suppliers of organic food ingredients, launches TraceOrigin 360 and Humans of Organic, two innovative bets for traceability that aim to create connections between consumers and the origins of organic food. Both projects were presented at the last edition of BIOFACH and were received with great success.
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organisations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.