Cinnamon Flavours Market Research Report 2024
Cinnamon Flavours Market Global Industry Analysis and Forecast (2024-2032) By Nature (Natural, Artificial), Form (Powdered, Liquid), Application (Food and Beverages, Personal Care and Cosmetics, Pharmaceuticals and Nutraceuticals, Home and Air Care), Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Online Retail Stores), And Region
Cinnamon Flavours Market Synopsis
Cinnamon Flavours Market Size Was Valued at USD 15700 Million in 2023 and is Projected to Reach USD 30353.59 Million by 2032, Growing at a CAGR of 7.60% From 2024-2032.
Cinnamon is a spice derived from the bark of trees in the Cinnamomum family which has a distinct sweet and warm flavor with hints of spiciness. Its flavors can range from subtle to robust, adding a delightful warmth and depth to various culinary creations.Cinnamon flavors are extensively used in the food and beverage industry for adding warmth and richness to baked goods like cinnamon rolls, cookies, and cakes.They are used in nutraceutical products, dietary supplements, and functional foods due to their antioxidant properties and ability to help regulate blood sugar levels in the form of capsules, powders, tablets, and health drinks.
Cinnamon flavors are utilized in various personal care products, such as soaps, lotions, perfumes, and hair care products which help to provide a warm, aromatic, and comforting scent, creating a sensory experience for the users.They are popular in home fragrances, including candles, air fresheners, diffusers, and potpourri which create a cozy and inviting ambiance in homes and other spaces.
Top Active Players Involved Are:
Frontier (United States), Castella (United States), McCormick (United States), Lochhead Manufacturing (United States), Nielsen-Massey (United States), LorAnn (United States), Steenbergs (United Kingdom), C.F. Sauer (United States), Cook Flavoring (United States), Synergy Flavors (United States), Givaudan (Switzerland), Firmenich (Switzerland), International Flavors & Fragrances (United States), Mane SA (France), Takasago International Corporation (Japan), Sensient Technologies Corporation (United States), FIRMENICH SA (Switzerland), Kerry Group (Ireland), Robertet Group (France), Symrise AG (Germany), Frutarom Industries Ltd. (Israel), T. Hasegawa Co., Ltd. (Japan), Huabao International Holdings Limited (China), Takamasa Foods Corporation (Japan), Dupont (United States), and Other Active Players.
Cinnamon Flavours Market Trend Analysis
Increasing Consumer Demand for Natural and Organic Products
- There is a growing trend towards clean-label and natural products, which has led to an increased demand for natural flavors like cinnamon in the market. Cinnamon flavors derived from real cinnamon extracts are perceived as more natural.
- Cinnamon is known for its possible health advantages, including its antioxidant properties and potential to regulate blood sugar levels. Consumers are placing importance on their health and choosing products with natural ingredients such as cinnamon flavors.
- Cinnamon provides many different taste experiences, from sweet and woodsy to spicy and fragrant, allowing them to be used in a wide range of food and drink products. As individuals look for different and innovative taste sensations, cinnamon flavors offer an appealing choice.
- Consumers prefer eco-friendly and organic products for their sustainability. Cinnamon is extracted from the inner bark of trees in an environmentally friendly way, which is why it is chosen over artificial flavors.
Restraint
Limited Supply of Raw Material
- Cinnamon is primarily obtained from the bark of Cinnamomum trees such as true cinnamon and cassia. Cinnamon grows in certain areas and requires specific climate conditions. Its harvest season is restricted, leading to limited and seasonal supply.
- Growing cinnamon trees is a lengthy process, with trees taking many years to reach maturity before their bark can be harvested. The sluggish expansion of the cycle restricts the supply of raw materials, leading to the need for extensive planning and investment in the long run.
- Increased need for cinnamon flavors and a restricted supply of raw materials may result in market imbalances. Price changes, lack of availability, and concerns with quality can occur if demand exceeds supply. Manufacturers may face challenges in obtaining sufficient materials.
- Cinnamon cultivation is affected by climate change and deforestation. Changes in precipitation, increased temperatures, and damage to the environment have an impact on the health and productivity of trees. Decrease in natural forest can lead to reduced supply of raw materials.
Opportunity
Rising Awareness About Health Benefits of Cinnamon Flavours
- Consumers are more and more intrigued by incorporating functional ingredients such as cinnamon into their diets due to its possible health advantages like antioxidants, anti-inflammatory properties, blood sugar control, and digestive aid, leading to a favorable view of cinnamon flavors.
- Cinnamon is beneficial for managing weight and improving metabolic health, making it appealing for individuals looking to maintain a healthy weight or regulate conditions such as diabetes. This realization creates opportunities for products with a cinnamon flavor.
- Cinnamon's antimicrobial and anti-inflammatory properties have attracted interest because of their possible advantages. Understanding these characteristics presents possibilities for incorporating cinnamon flavors into products aimed at promoting immune health and general wellness.
- Growing awareness of the health advantages of cinnamon is fueling innovation in culinary offerings. Producers utilize cinnamon's favorable reputation to make health drinks, snacks, teas, supplements, and desserts.
Cinnamon Flavours Market Segment Analysis:
Cinnamon Flavours market segmented on the basis of Nature, Form, Application, Distribution Channel.
By Form, Powdered Segment Is Expected to Dominate the Market During the Forecast Period
There are two segments by form such as powdered, and liquid. Among these, the powdered segment is expected to dominate the market during the forecast period.
- Cinnamon powder is flexible because it is easy to use and can be added to various applications such as sweets, baking, drinks, and dairy products. Its smooth consistency enables seamless mixing and uniform taste.
- Powdered cinnamon lasts longer than liquid cinnamon, preserving its scent, taste, and color. This reliability and uniformity make it the top pick for both producers and buyers.
- Powdered cinnamon is favored for its condensed form and reduced chance of spoiling. Their firm shape decreases the risk of leaks and harm when being stored and transported, making them a convenient option for those in the industry.
- Manufacturers have the ability to tailor the intensity of their products by adjusting the quantity of powdered cinnamon flavors used, allowing for customization to suit individual requirements. This adaptability assists in meeting the demands of customers, guaranteeing contentment and achievement in the market.
By Application, Food and Beverages Segment Held the Largest Share In 2023
There are four segments by application such as food and beverages, personal care and cosmetics, pharmaceuticals and nutraceuticals, and home and air care. Among these, food and beverages segment held the largest share in 2023.
- Cinnamon is commonly used in a variety of food and beverage products to give a distinct and cozy flavor to items such as baked goods, sweets, teas, coffees, and hot chocolates, enhancing their taste.
- The demand for products with the comforting taste of cinnamon is fueled by its popularity among consumers. Its influence in both traditional and worldwide culinary practices elevates its power in the food and drink sector.
- Cinnamon flavors provide health benefits such as antioxidants, anti-inflammatory properties, and the ability to regulate blood sugar. Consumers are prioritizing wellness and are looking for functional ingredients such as cinnamon in their food and beverages, leading to an increase in demand for cinnamon-flavored products in the market.
- Cinnamon flavors offer opportunities for product differentiation and experimentation, encouraging manufacturers to develop new and unique cinnamon-flavored food and beverage offerings.
Cinnamon Flavours Market Regional Insights:
Europe is Expected to Dominate the Market Over the Forecast Period
- European countries such as the Netherlands, Germany, the United Kingdom, Spain, France, and Poland are strong markets for cinnamon exporters from developing countries. These countries have high import levels and well-established spice markets, with a growing demand for sustainably sourced and certified organic and fair trade cinnamon.
- Europe has a varied culinary tradition, which encompasses classic dishes and sweets that incorporate cinnamon. Consumers in European cuisines greatly favor the flavor of this spice, which is commonly used in pastries, mulled wine, and baked goods.
- Cinnamon is a popular spice in Europe, used in various segments of the food industry. It is used in meat products for spice mixes and in baked desserts, biscuits, and cakes. Cinnamon is also common in drinks like herbal teas and mulled wine, as well as in dairy products. These segments collectively make up over half of the European food industry.
- It is the largest segment of the European food industry, at 20% of the total turnover. Europe does not produce cinnamon, so it depends on imports. The Netherlands is the largest importer of cinnamon in Europe, accounting for around 18% of total European imports in 2021. The import of spices and herbs in Europe is highly from developing countries.
Cinnamon Flavours Market Active Players
- Castella (United States)
- McCormick (United States)
- Lochhead Manufacturing (United States)
- Nielsen-Massey (United States)
- LorAnn (United States)
- Steenbergs (United Kingdom)
- F. Sauer (United States)
- Cook Flavoring (United States)
- Synergy Flavors (United States)
- Givaudan (Switzerland)
- Firmenich (Switzerland)
- International Flavors & Fragrances (United States)
- Mane SA (France)
- Takasago International Corporation (Japan)
- Sensient Technologies Corporation (United States)
- FIRMENICH SA (Switzerland)
- Kerry Group (Ireland)
- Robertet Group (France)
- Symrise AG (Germany)
- Frutarom Industries Ltd. (Israel)
- Hasegawa Co., Ltd. (Japan)
- Huabao International Holdings Limited (China)
- Takamasa Foods Corporation (Japan)
- Dupont (United States), and Other Active Players.
Key Industry Developments in the Cinnamon Flavours Market:
- In May 2024, the makers of Nesquik announced a new flavor: Cinnamon Churro. It will be available starting on June in celebration of National Churro Day. To make it, just mix 2 tablespoons directly into 8 oz. of milk.
- In April 2024, General Mills launched a range of quirky and innovative cereals, introducing a new collection of intriguing combinations like Cinnamon Toast Crunch Waffle. The CTC squares come in playfully intricate waffle shapes with natural maple flavor and are blasted with irresistible Cinnadust for an absurdly delicious way to start the morning.
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Cinnamon Flavours Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
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Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 15700 Mn. |
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Forecast Period 2024-32 CAGR: |
7.60 % |
Market Size in 2032: |
USD 30353.59 Mn. |
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Segments Covered: |
By Nature |
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By Application |
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By Distribution Channel |
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By Region |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Cinnamon Flavours Market by By Nature
4.1 Cinnamon Flavours Market Snapshot and Growth Engine
4.2 Cinnamon Flavours Market Overview
4.3 Natural
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size
Frequently Asked Questions
What would be the forecast period in the Cinnamon Flavours Market research report?
The forecast period in the Cinnamon Flavours Market research report is 2024-2032.
Who are the key players in the Cinnamon Flavours Market?
Frontier (United States), Castella (United States), McCormick (United States), Lochhead Manufacturing (United States), Nielsen-Massey (United States), LorAnn (United States), Steenbergs (United Kingdom), C.F. Sauer (United States), Cook Flavoring (United States), Synergy Flavors (United States), Givaudan (Switzerland), Firmenich (Switzerland), International Flavors & Fragrances (United States), Mane SA (France), Takasago International Corporation (Japan), Sensient Technologies Corporation (United States), FIRMENICH SA (Switzerland), Kerry Group (Ireland), Robertet Group (France), Symrise AG (Germany), Frutarom Industries Ltd. (Israel), T. Hasegawa Co., Ltd. (Japan), Huabao International Holdings Limited (China), Takamasa Foods Corporation (Japan), Dupont (United States), and Other Active Players.
What are the segments of the Cinnamon Flavours Market?
The Cinnamon Flavours Market is segmented into Nature, Form, Application, Distribution Channel, and region. By Nature, the market is categorized into Natural and artificial. By Form, the market is categorized into Powdered and liquid. By Application, the market is categorized into Food and Beverages, Personal Care and Cosmetics, Pharmaceuticals and Nutraceuticals, Home and Air Care. By Distribution Channel, the market is categorized into Supermarkets & Hypermarkets, Convenience Stores, and Online Retail Stores. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
What is the Cinnamon Flavours Market?
Cinnamon is a spice derived from the bark of trees in the Cinnamomum family which has a distinct sweet and warm flavor with hints of spiciness. Its flavors can range from subtle to robust, adding a delightful warmth and depth to various culinary creations.
How big is the Cinnamon Flavours Market?
Cinnamon Flavours Market Size Was Valued at USD 15700 Million in 2023, and is Projected to Reach USD 30353.59 Million by 2032, Growing at a CAGR of 7.60% From 2024-2032.
