According to HTF MI, “Global Cinnamon Bark Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030”. The Global Cinnamon Bark Market is anticipated to grow at a compound annual growth rate (CAGR) of 7.8% from 2024 to 2030, reaching USD 1.67 Billion in 2024 and USD 2.35 Billion by 2030.
Cinnamon bark is the outer covering of the cinnamon tree’s branches, commonly used as a spice and for its various health benefits.
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Key and developing players who have been highlighted as part of the coverage include Adam Group (United States), Bio Foods (India), Everson Spice Company (United States), Goya Foods (United States), HDDES Group (Indonesia), First Spice Mixing Company (United States), C.F. Sauer Company (United States), EOAS International (United States), Bart Ingredients Company (United States), Adams Extract & Spice Company (United States), ACH Food Companies (United States), Frontier Natural Products (United States), Cassia Co-op (Indonesia), Naturoca (Sri Lanka), Cino Ceylon (Sri Lanka),.
Cinnamon Bark
Market Drivers
- Health benefits associated with cinnamon bark, such as anti-inflammatory and antioxidant properties.
Market Trend
- Increasing consumer demand for natural and organic products.
Market Opportunities
- Exploration of new markets and regions for cinnamon bark products.
Market Restraints
- Fluctuating prices of raw cinnamon bark.
Market Challenges
- Adulteration issues in the cinnamon supply chain.
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Key Market Segmentation:
The report has categorized the Cinnamon Bark market based on type, distribution channel, and region.
Market Breakdown by Applications:
- Chinese Cinnamon, Sri Lanka Cinnamon, Others
Market Breakdown by Types:
- Food Industry, Health and Wellness, Fragrance and Cosmetics, Pharmaceuticals, Others
Report Scope
The Market size value in 2024(USD1.6Billion)
Revenue Forecast by 2033 (USD2.3 Billion)Growth Rate CAGR Of (7.8%)
Historical Years (2019-2023)
Base Year (2023)
Estimated Year (2024)
Short-Term Projection Year (2030)
Regions Covered (North America, Europe, the Middle East and Africa, Latin America, and the rest of the world)
Note: With the help of the Growth Overview Charts, Historical Period Analysis, Forecast Period Analysis, Main Market Segmentation, Leading Key Market Players, TOC, List of Figures, and List of Tables in this report, you can get a thorough overview of the market.
Competitive Landscape:
Along with studying the profiles of the key players, the industry’s competitive environment has also been examined. Players profiled are Adam Group (United States), Bio Foods (India), Everson Spice Company (United States), Goya Foods (United States), HDDES Group (Indonesia), First Spice Mixing Company (United States), C.F. Sauer Company (United States), EOAS International (United States), Bart Ingredients Company (United States), Adams Extract & Spice Company (United States), ACH Food Companies (United States), Frontier Natural Products (United States), Cassia Co-op (Indonesia), Naturoca (Sri Lanka), Cino Ceylon (Sri Lanka),
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Key highlights of the report:
- Cinnamon Bark Market Performance (2019-2023)
- Cinnamon Bark Market Outlook (2024-2030)
- Cinnamon Bark Market Trends
- Cinnamon Bark Market Drivers and Success Factors
- SWOT Analysis
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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