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Global Cinnamon Market 2019-2023 | 12% CAGR Projection Over the Next Five Years | Technavio

January 7, 2019

LONDON--(BUSINESS WIRE)--Jan 7, 2019--The global cinnamon market is expected to post a CAGR of close to 12% during the period 2019-2023, according to the latest market research report by .

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Technavio predicts the global cinnamon market to post a CAGR of close to 12% by 2023. (Graphic: Business Wire)

A key factor driving the growth of the market is the rising awareness about health benefits of cinnamon. Due to the growing concern about nutrition and healthy food habits, cinnamon has found increased application in the food and beverages sector. Cinnamon is widely used as a preservative for a range of food and beverage products because of its antibacterial and antifungal properties. Cinnamaldehyde, an active component found in cinnamon oil, helps in preventing unwanted clotting of blood platelets. Thus, Cinnamon is classified as an anti-inflammatory food. It is also scientifically proven to regulate blood sugar levels in patients with type-2 diabetes. In addition, it is a rich source of manganese, calcium, and dietary fiber, and is known to reduce the risk of heart disease and colon cancer. Cinnamon is also extensively used in traditional Chinese medicine as an effective treatment for cold and flu. The diverse health benefits of cinnamon are expected to continue to aid the adoption of cinnamon in the food and beverages sector, subsequently driving the growth of the global cinnamon market during the forecast period.

This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the growing application of cinnamon in pharmaceuticals as one of the key emerging trends in the global cinnamon market:

Global cinnamon market: Growing application of cinnamon in pharmaceuticals

With a rising number of bacterial species studied to have built up a resistance to antibiotics, the effectiveness of antibiotic pills and medicines in treating infections have drastically reduced over the last few years. Cinnamon and cinnamon oil are finding increased application in medicine and pharmaceuticals because of their antimicrobial properties. Cinnamon essential oils are natural antimicrobials and are being studied as a potential replacement for antibiotics. Cinnamaldehyde is an organic compound that is responsible for the flavor and odor of cinnamon. The ability of cinnamaldehyde to break up bacterial layers or biofilms that cause several infections provides huge potential for cinnamon in the medical sector. Overall, the application of cinnamon in pharmaceuticals is expected to increase over the forecast period.

“Although the usage of cinnamon in pharmaceuticals is boosting the growth of the market, there are some other factors like increased application of cinnamon in cosmetics, growing demand for natural food flavors, and the growing adoption of cinnamon products in western countries that are also contributing largely to the growth of the global cinnamon market,” says a senior analyst at Technavio.

Global cinnamon market: Segmentation analysis

This market research report segments the global cinnamon market by distribution channel (hypermarkets, supermarkets, and convenience stores and online retail) and geographical regions (APAC, EMEA, and the Americas).

The APAC region led the market in 2018 with a market share close to 79%, followed by the Americas and EMEA respectively. During the forecast period, the APAC region is expected to continue dominating the global cinnamon market and also register the highest incremental growth.

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Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20190107005626/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD: EUROPE ASIA PACIFIC NORTH AMERICA SOUTH AMERICA AFRICA MIDDLE EAST

INDUSTRY KEYWORD: HEALTH FITNESS & NUTRITION RETAIL FOOD/BEVERAGE

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 01/07/2019 08:44 AM/DISC: 01/07/2019 08:44 AM

http://www.businesswire.com/news/home/20190107005626/en

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