The Global Cinnamon Extract Market is expected to grow at a CAGR of 7.00% in the forecast period of 2021 to 2028 and is expected to reach the value USD 1.54 billion by 2028. The growing demand for product from various end-use industries will enhance the market growth rate.
Moreover, increasing research and development activities will boost the beneficial opportunities for the growth of cinnamon extract market.
According to Data Bridge Market Research the market for cinnamon extract is expected to gain growth due to the surging demand for product as flavoring agent in various savory dishes and beverages. Also, the growing awareness about the health benefits associated with cinnamon extract will cushion the growth of cinnamon extract market over the forecast period of 2021 to 2028. However, side effects involved with the consumptions of cinnamon will obstruct the growth of cinnamon extract market in the above-mentioned forecast period.
Now the question is which are the other regions that cinnamon extract market is targeting? Data Bridge Market Research has estimated Asia-Pacific to dominate the market due to the growing demand for species as a flavoring agent in different food products.
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Cinnamon extract market is segmented on the basis of countries into the U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa.
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Key Market Competitors Covered in the Report
Above are the key players covered in the report, to know about more and exhaustive list of cinnamon extract companies’ contact us, https://www.databridgemarketresearch.com/toc/?dbmr=global-cinnamon-extract-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Global Cinnamon Extract Market – Industry Trends and Forecast to 2028