Home News Cinnamon Market to grow at a CAGR of 16.20% during forecast period

Cinnamon Market to grow at a CAGR of 16.20% during forecast period


Global Cinnamon Market Research Report 2017 to 2021 provides a unique tool for evaluating the market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on markets and materials, capacities and technologies, and on the changing structure of the Cinnamon Market.

Companies Mentioned are Adam Group, Bio Foods (PVT) LTD, First Spice Mixing Company, Goya Foods, HDDES GROUP, CH Food Companies, Adams Extract & Spice, Bart Ingredients, The C.F. Sauer Company, and EOAS International.

The global Cinnamon market consists of different international, regional, and local vendors. The market competition is foreseen to grow higher with the rise in technological innovation and M&A activities in the future. Moreover, many local and regional vendors are offering specific application products for varied end-users. The new vendor entrants in the market are finding it hard to compete with the international vendors based on quality, reliability, and innovations in technology.

Major points covered in Global Cinnamon Market 2017 Research are:-

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global Cinnamon market?
  • What are the key market trends impacting the growth of the global Cinnamon market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global Cinnamon market?
  • What are the market opportunities and threats faced by the vendors in the global Cinnamon market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global Cinnamon market?

This independent 69 page report guarantees you will remain better informed than your competition. With over 150 tables and figures examining the Cinnamon market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2021.

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Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of Cinnamon in these regions, from 2012 to 2021 (forecast), covering Americas, APAC and EMEA.

The report provides a basic overview of the Cinnamon industry including definitions, classifications, applications and industry chain structure. And development policies and plans are discussed as well as manufacturing processes and cost structures.

Then, the report focuses on global major leading industry players with information such as company profiles, product picture and specifications, sales, market share and contact information. What’s more, the Cinnamon industry development trends and marketing channels are analyzed.

Commenting on the report, an analyst from MIR’s team said: “One trend in the market is sustainability is a key factor in the global cinnamon market. Sustainability is a major trend in the production process, especially for products that are to be exported. Cinnamon, being one of the highly-exported product, faces sustainability issues. The issues are regarding whether the working conditions are hygienic or not, safety standards are followed or not, inclusion of child labor during production process, impact on the environment, and others.”

According to the report, one driver in the market is health benefits of cinnamon. Cinnamon has been in use for its medicinal properties and health benefits for a long time. It has a copious amount of manganese, fiber, calcium and has antioxidant, antifungal, and antibacterial properties. Cinnamaldehyde in cinnamon has an anti-clotting action, which prevents coagulation of blood platelets. Owing to its antimicrobial properties, it is also used as a preservative in several types of food and beverages. Cinnamon is also used to control blood sugar levels and reduce risks of cardiovascular diseases by maintaining the cholesterol levels.

Further, the report states that one challenge in the market is stringent regulations and scrutiny for exports. The export of cinnamon is facing a challenge due to inferior quality or not meeting the quality standards. Recently, a consignment of cinnamon exported by Sri Lanka to the EU (European Union) was rejected for not being able to comply with the quality standards due to the presence of residual sulfur dioxide. The World Trade Organization (WTO) supported the program that the Standard Trade Development Facility (STDF) is trying to enforce to help local farmers meet the standards and get benefitted by export earnings.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

The research includes historic data from 2012 to 2016 and forecasts until 2021 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of Cinnamon on the basis of stating current situation of the industry in 2017 so as to make comprehensive organization and judgment on the competition situation and development trend of Cinnamon Market and assist manufacturers and investment organization to better grasp the development course of Cinnamon Market.

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