Cinnamon Market – Global Industry Size, Share, Trends, Opportunity and Forecast, Segmented By Type (Ceylon, Cassia, Saigon, Korintje, Others), By Application (Residential, Commercial), By Form (Powder, Quills, Others), By Region & Competition, 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 1019.51 Million
CAGR (2026-2031)	6.09%
Fastest Growing Segment	Cassia
Largest Market	Asia Pacific
Market Size (2031)	USD 1453.58 Million

Market Overview

The Global Cinnamon Market will grow from USD 1019.51 Million in 2025 to USD 1453.58 Million by 2031 at a 6.09% CAGR. Cinnamon is a commercially significant spice derived from the inner bark of trees belonging to the Cinnamomum genus. The market is fundamentally supported by the expanding application of this ingredient in the pharmaceutical and cosmetic industries, driven by its recognized anti-inflammatory and antioxidant properties. Furthermore, robust demand within the food and beverage sector serves as a primary growth catalyst, particularly in the bakery and confectionery segments where the spice functions as an essential flavoring agent.

However, a significant challenge impeding market expansion is the susceptibility of cultivation to climatic fluctuations, which often results in supply inconsistencies and price volatility. These environmental factors complicate supply chain management and can affect the quality of the raw material available for export. According to the Vietnam Pepper and Spice Association, in 2024, Vietnam's cinnamon exports reached 99,874 tons, achieving a total turnover of USD 275 million, illustrating the substantial volume of trade that relies on these sensitive agricultural production systems.

Key Market Drivers

Expanding applications in pharmaceutical and nutraceutical formulations are significantly propelling market trajectory, particularly for varieties prized for their therapeutic efficacy. As consumers increasingly prioritize preventative healthcare, manufacturers are incorporating cinnamon extracts into supplements aimed at blood sugar regulation and anti-inflammatory treatments. This shift towards functional health products has bolstered value-added trade, especially for premium grades that offer specific medicinal benefits. According to the Sri Lanka Export Development Board, January 2025, in the 'Export Performance in December 2024' report, cumulative export earnings from cinnamon recorded a year-on-year growth of 3.87% in 2024. This value increase underscores the growing reliance on high-quality spice variants for their medicinal attributes rather than solely for culinary use.

The robust growth of the bakery and confectionery industries acts as a foundational pillar for volume demand, necessitating consistent bulk supplies of cinnamon for industrial food processing. This spice remains indispensable in the production of spiced breads, seasonal pastries, and confectionery products, creating sustained demand from major processing hubs. According to Vietnam Agriculture News, January 2025, in the 'Cinnamon exports in 2024 bring in USD 275 million' article, India remained the largest consumption market, absorbing nearly 36,000 tons of the spice in 2024. Additionally, the market is witnessing geographical diversification in consumption driven by evolving culinary preferences. According to the Vietnam Pepper and Spice Association, January 2025, exports to Bangladesh surged by 43% to reach 7,928 tons in 2024, highlighting the broadening global appetite for this versatile ingredient in diverse ethnic cuisines.

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Key Market Challenges

The susceptibility of cultivation to climatic fluctuations presents a formidable barrier to the sustained expansion of the Global Cinnamon Market. Cinnamon trees are highly sensitive to environmental patterns, where irregularities such as prolonged droughts, excessive rainfall, or unexpected storms can severely disrupt growth cycles and harvest schedules. This dependency on stable weather conditions leads to significant unpredictability in the supply chain, causing erratic availability of raw materials essential for the pharmaceutical, cosmetic, and food industries. When supply becomes unreliable, international buyers face increased operational risks and are often forced to absorb higher costs or seek alternative ingredients, thereby dampening overall market demand and eroding confidence in major sourcing regions.

The direct impact of this volatility is evident in recent trade performance data from key producing nations. According to the Sri Lanka Export Development Board, in May 2024, export earnings from cinnamon witnessed a sharp decline of 36.18% compared to the same month in the previous year. Such a precipitous drop highlights the severe supply inconsistencies that climatic factors can induce, creating varying trade volumes that prevent the market from achieving a steady growth trajectory. This instability not only affects immediate export revenue but also complicates inventory management for global importers, effectively stalling the market's long-term development.

Key Market Trends

The market is witnessing a decisive shift towards sustainable agricultural practices, characterized by a surge in certified organic and fair trade sourcing. This trend is driven by heightened consumer awareness regarding pesticide residues and a growing demand for clean-label ingredients in premium food and personal care products. Producers in key cultivation regions are aggressively responding to this requirement by converting conventional plantations into internationally accredited organic zones to secure higher export margins. According to the Vietnam Chamber of Commerce and Industry, July 2024, in the 'Vietnam increases export value for spice industry' article, the Yen Bai province, a leading production hub, established over 14,000 hectares of certified organic cinnamon meeting international standards, reflecting the rapid supply-side adaptation to this green market mandate.

The proliferation of cinnamon-infused functional beverages is reshaping demand patterns, moving beyond traditional bakery uses to ready-to-drink teas, coffees, and wellness shots. Beverage manufacturers are increasingly seeking high-grade Ceylon cinnamon for its delicate flavor profile and water solubility, which differs significantly from the pungent, coarser Cassia used in solid foods. This shift is stimulating rapid export growth from specialized regions capable of providing the finer quills required for steeping and extraction. According to the Sri Lanka Export Development Board, November 2024, in the 'Export Performance in October 2024' report, export earnings from cinnamon surged by 39.92% compared to the same month in the previous year, highlighting the intensified procurement activity aimed at stocking premium beverage and seasonal product lines.

Segmental Insights

The Cassia segment is emerging as the fastest-growing category in the Global Cinnamon Market, primarily driven by its superior cost-efficiency and robust flavor profile. Unlike the delicate Ceylon variety, Cassia offers a potent, spicy taste that withstands high-temperature processing, making it the preferred choice for the commercial bakery, confectionery, and processed food sectors. Furthermore, consistent supply availability from major export regions supports its extensive utilization in large-scale manufacturing. This combination of economic advantage and functional stability in industrial applications is the fundamental driver accelerating the segment’s rapid expansion.

Regional Insights

Asia Pacific holds the leading position in the global cinnamon market, primarily driven by extensive production in Indonesia, China, Vietnam, and Sri Lanka. The region benefits from favorable tropical climatic conditions that are essential for large-scale cultivation. This dominance is supported by data from the Food and Agriculture Organization, which identifies these nations as the primary contributors to the global supply. Furthermore, the market is sustained by strong domestic consumption for culinary applications and traditional medicines, ensuring the region remains the central hub for both production and export.

Recent Developments

• In December 2025, Kellanova and Keurig Dr Pepper announced a collaboration to launch a new coffee product featuring the signature flavor of Brown Sugar Cinnamon Pop-Tarts. The partnership introduced a co-branded K-Cup pod that infused roasted coffee with the distinct aromatic notes of cinnamon and brown sugar associated with the popular toaster pastry. Released to coincide with a major promotional event, this product innovation targeted the at-home coffee segment, capitalizing on the persistent consumer demand for nostalgic and indulgent flavor profiles in the ready-to-drink and single-serve beverage categories.
• In April 2025, GoTo Foods introduced a new retail concept named "Cinnabon Swirl," which integrated the distinct product offerings of its Cinnabon and Carvel brands. The launch featured a menu of hybrid treats, such as cinnamon rolls topped with soft-serve ice cream, designed to leverage the complementary flavor profiles of warm spice and frozen desserts. The first location debuted in Oregon, marking a strategic expansion of the company's downstream market presence. This development aimed to attract younger demographics by combining warm bakery items with frozen desserts in a unified, novelty-driven customer experience.
• In June 2024, Olam Food Ingredients (ofi) launched a comprehensive sustainability strategy titled "Choices for Change" to overhaul its global supply chains, including its extensive spices portfolio. The initiative established ambitious 2030 targets to reduce Scope 3 emissions by 30% and enhance the livelihoods of one million farmers. As a leading entity in the global cinnamon market, the company committed to implementing regenerative farming practices across two million hectares of land. This strategic framework aimed to provide customers with verifiable, low-carbon ingredients while addressing climate resilience in key sourcing regions.
• In January 2024, the International Finance Corporation (IFC) collaborated with the Sri Lanka Export Development Board (EDB) to certify the first cohort of Geographical Indication (GI) Ceylon Cinnamon growers. This partnership aimed to elevate the spice's position in the global market by validating its authenticity, enabling producers to secure premium export prices. The initiative focused on strengthening the sector's competitiveness by implementing rigorous traceability standards and providing specialized training. This effort was designed to improve livelihoods for thousands of smallholders while ensuring the long-term sustainability of the nation's second-largest agricultural export crop.

Key Market Players

• HDDES Group
• Sauer Brands, Inc.
• Elite Spice, Inc.
• McCormick & Company, Incorporated
• Namo Organics
• Sarva Food Company
• Goya Foods, Inc.
• AVMK Enterprises
• Ceylon Spice Company
• Mehrotra Consumer Products Pvt. Ltd.

By Type	By Application	By Form	By Region
Ceylon Cassia Saigon Korintje Others	Residential Commercial	Powder Quills Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Cinnamon Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Cinnamon Market, By Type:

• Ceylon
• Cassia
• Saigon
• Korintje
• Others

• Cinnamon Market, By Application:

• Residential
• Commercial

• Cinnamon Market, By Form:

• Powder
• Quills
• Others

• Cinnamon Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE