The North America Cinnamon Market would witness market growth of 12.1% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 29,041.9 tonnes, showcasing a growth of 8.8% (2020-2023).
In the commercial sector, cinnamon is extensively used across various industries, including food and beverage, pharmaceuticals, and cosmetics. Food manufacturers use Cassia and Korintje cinnamon in a variety of products such as baked goods, cereals, beverages, and snacks, capitalizing on its strong flavor and lower cost. Commercial bakeries and coffee shops frequently incorporate cinnamon into pastries, spiced beverages, and confections. Hence, in Mexico, 3,802.7 tonnes of cinnamon is expected to be utilized in commercial by the year 2031.
The US market dominated the North America Cinnamon Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $3,196.6 million by 2031. The Canada market is expected to witness a CAGR of 14.2% during (2024 - 2031). Additionally, The Mexico market would experience a CAGR of 13.6% during (2024 - 2031).
Cinnamon is primarily known for its use in the culinary world, adding warmth and depth to various dishes. Its sweet and spicy flavour profile makes it a staple ingredient in sweet and savoury recipes. Cinnamon is a crucial component in many spice blends. Cinnamon's natural sweetness enhances the flavours of both sweet and savoury dishes, making it an ideal ingredient in various cuisines. For instance, it’s used in curries to add warmth and complexity. Cinnamon's antimicrobial properties effectively preserve the freshness of baked goods. Incorporating cinnamon in bread recipes can extend shelf life by inhibiting mold growth.
In addition, cinnamon has been investigated for its capacity to regulate blood sugar levels, rendering it valuable in products directed at diabetics or individuals seeking to regulate their blood sugar. Traditionally, cinnamon has been used to alleviate digestive issues. Its ability to soothe the stomach and aid digestion makes it popular in herbal teas and supplements for gut health. Cinnamon is rich in antioxidants, which can help combat oxidative stress. This property is increasingly recognized in developing health-focused food products and dietary supplements.
The Canadian food and beverage sector's emphasis on innovation and quality also plays a critical role in the cinnamon market. As manufacturers experiment with new recipes and formulations to differentiate their products, cinnamon is often featured as a key ingredient, enhancing flavour while providing health benefits. This focus on quality and innovation ensures that cinnamon remains a staple in the food and beverage industry, reinforcing its importance in product development.
Furthermore, Canada’s diverse culinary landscape influences the incorporation of spices like cinnamon into a wide range of dishes. From traditional Canadian desserts to international cuisines, cinnamon’s versatility makes it a favoured ingredient among food processors. As the food and beverage industry grows, the demand for cinnamon in traditional and contemporary food products will likely expand. Therefore, due to above mentioned factor, the market will grow.
Free Valuable Insights: The 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 U.S., Mexico, Canada, and Rest of North America.
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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