The Asia Pacific Cinnamon Market would 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 would continue to be a dominant market till 2031; thereby, achieving a market value of $2,260.2 million by 2031. The Japan market is exhibiting a CAGR of 11.6% during (2024 - 2031). Additionally, The India market would 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.
Free Valuable Insights: The Global Cinnamon Market is Predict to reach USD 18.8 Billion by 2031, at a CAGR of 12.4%
Based on Application, the market is segmented into Commercial, and Residential. Based on Product, the market is segmented into Ceylon, Cassia, Saigon, Korintje, and Other Products. Based on Distribution Channel, the market is segmented into Hypermarkets & Supermarkets, Convenience Stores, Specialty Stores, Online, and Other Distribution Channels. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
By Application (Volume, Tonnes, USD Billion, 2020-2031)
By Product (Volume, Tonnes, USD Billion, 2020-2031)
By Distribution Channel (Volume, Tonnes, USD Billion, 2020-2031)
By Country (Volume, Tonnes, USD Billion, 2020-2031)
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![Cinnamon Market Size, Share & Analysis Report [2031]](https://www.kbvresearch.com/upload/cover/cinnamon-market.jpg "Cinnamon Market Size, Share & Analysis Report [2031]")
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