Global Cinnamon Extract Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2032

Cinnamon Extract Market Analysis

The cinnamon extract market is experiencing steady growth due to the increasing demand for natural ingredients in various industries, including food and beverage, pharmaceuticals, and cosmetics. Cinnamon extract is valued for its antioxidant, anti-inflammatory, and antimicrobial properties, making it a sought-after ingredient in health supplements, skincare products, and functional foods. As consumers become more health-conscious, there is a growing preference for natural and organic extracts over synthetic alternatives. Recent developments in the market include the introduction of more advanced extraction methods, such as supercritical fluid extraction, which enhance the purity and potency of cinnamon extracts. In addition, the rising popularity of plant-based and vegan products has further driven the market demand for cinnamon extract, as it aligns with these health trends. The market is expected to expand as awareness of the benefits of cinnamon extract continues to grow, alongside innovations in extraction technology and applications across various industries.

Cinnamon Extract Market Size

The global cinnamon extract market size was valued at USD 1.17 billion in 2024 and is projected to reach USD 2.01 billion by 2032, with a CAGR of  5.12% during the forecast period of 2025 to 2032. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, pricing analysis, brand share analysis, consumer survey, demography analysis, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.

Cinnamon Extract Market Trends

“Innovations in Extraction Techniques”

The cinnamon extract market is witnessing significant growth, driven by increasing consumer interest in natural and health-conscious products. Innovations in extraction techniques, such as supercritical fluid extraction, have led to higher-quality and more concentrated cinnamon extracts, enhancing their appeal across various industries. One prominent trend is the rising demand for cinnamon extract in the dietary supplement sector, as consumers seek natural solutions for managing blood sugar levels, boosting metabolism, and improving overall health. The growing preference for plant-based and organic ingredients, particularly in food, beverage, and personal care products, further fuels the market. As awareness of cinnamon extract’s health benefits increases, its applications are expected to expand, driving further market growth in the coming years.

Report Scope and Cinnamon Extract Market Segmentation   

Cinnamon Extract Market Definition

Cinnamon extract is a concentrated form of cinnamon derived from the bark or leaves of the cinnamon tree (Cinnamomum species). It is typically produced through various extraction methods such as steam distillation, ethanol extraction, or supercritical fluid extraction to capture the active compounds, primarily cinnamaldehyde and eugenol, which are responsible for its distinct flavor, aroma, and potential health benefits. Cinnamon extract is used in various applications, including food and beverages, dietary supplements, cosmetics, and personal care products, due to its antioxidant, anti-inflammatory, antimicrobial, and blood sugar-regulating properties.

Cinnamon Extract Market Dynamics

Drivers

• Rising Demand for Natural and Organic Products

The increasing preference for natural, plant-based ingredients across industries, particularly in food, beverages, cosmetics, and personal care products, is a major driver of the cinnamon extract market. Consumers are becoming more health-conscious and are actively seeking products with natural ingredients that align with their wellness goals. Cinnamon extract, known for its distinct flavor, aroma, and health benefits, serves as a valuable natural flavoring and active ingredient in various products. As demand for organic and clean-label products rises, cinnamon extract’s role in enhancing both the taste and nutritional value of consumer goods is accelerating its adoption, further fueling market growth.

• Expanding Application in the Pharmaceutical Sector

Cinnamon extract is gaining significant traction in the pharmaceutical industry due to its wide range of medicinal benefits. Known for its ability to help manage blood sugar levels, improve metabolism, and support overall health, it is increasingly incorporated into supplements aimed at individuals with diabetes, weight management issues, or general wellness concerns. The growing awareness of these health benefits is driving demand for cinnamon extract in pharmaceutical formulations. As consumers seek more natural alternatives for managing health conditions, the rising use of cinnamon extract in the development of therapeutic products is a key driver for growth in the market.

Opportunities

• Rising Popularity of Functional Foods

The growing demand for functional foods and beverages, driven by consumers’ desire for healthier and more nutritious options, presents a significant opportunity for cinnamon extract. Known for its health benefits, including blood sugar regulation, anti-inflammatory properties, and antioxidant effects, cinnamon extract is increasingly being incorporated into products aimed at improving overall wellness. Its natural properties make it an appealing ingredient for functional beverages, snacks, and dietary supplements, which are gaining popularity among health-conscious consumers. As the trend for functional foods continues to rise, the market for cinnamon extract is expected to expand, offering a strong growth opportunity for businesses in the food and beverage sector.

• Growth in Herbal and Natural Supplements

The rising consumer interest in herbal and natural supplements presents a significant opportunity for the cinnamon extract market. As more individuals seek natural alternatives for managing health conditions and improving overall wellness, cinnamon extract is increasingly being included in formulations aimed at weight management, blood sugar control, and general health benefits. Its proven antioxidant, anti-inflammatory, and metabolism-boosting properties make it an attractive ingredient for dietary supplements. This growing trend toward holistic, plant-based health solutions offers strong growth potential for cinnamon extract, positioning it as a key component in the expanding global dietary supplement market.

Restraints/Challenges

• Consumer Sensitivity to Allergies and Side Effects

Despite its numerous health benefits, cinnamon extract may present challenges due to potential sensitivity and side effects in some consumers. In particular, high doses of cinnamon extract can lead to adverse effects, such as liver toxicity, which could deter individuals from using it, especially in products that are consumed regularly or in large quantities. This concern limits the widespread adoption of cinnamon extract, particularly among health-conscious consumers who prioritize safety. As a result, manufacturers must carefully consider dosage recommendations and consumer education to mitigate these risks, making it a key challenge for market expansion.

• High Production Costs

The process of extracting cinnamon in a pure and concentrated form, especially using advanced methods such as supercritical fluid extraction, can be costly. These high production costs create a barrier for smaller businesses and products with limited budgets, making it difficult for them to access or incorporate cinnamon extract into their offerings. As a result, the widespread use of cinnamon extract in affordable consumer goods, such as budget-friendly supplements, food products, and cosmetics, is restricted. This financial constraint poses a significant challenge for the market, limiting the availability and adoption of cinnamon extract in lower-priced products.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Cinnamon Extract Market Scope

The market is segmented on the basis of nature, form, and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Nature

• Organic
• Conventional

Form

• Powder
• Liquid

End Use

• Food and Beverage Industry
• Cosmetics and Personal Care Industry
• Pharmaceutical
• Food Service Industry
• Other

Cinnamon Extract Market Regional Analysis

The market is analysed and market size insights and trends are provided by country, nature, form, and end use as referenced above.

The countries covered in the market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E., Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)

Asia-Pacific dominates the cinnamon extract market due to the rising demand for spices as flavoring agents in a wide range of food products across the region. The growing popularity of traditional and innovative culinary uses of cinnamon further drives market growth. This trend, fueled by the region's expanding food industry, positions Asia-Pacific as a dominant player in the cinnamon extract market.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Cinnamon Extract Market Share

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.

Cinnamon Extract Market Leaders Operating in the Market Are:

• Ceylon Cinnamon Entices the World (Sri Lanka)
• The Adams Group  (U.S.)
• Biofoods Pvt. Ltd. (Sri Lanka)
• HDDES GROUP (India)
• SDS Spices (India)
• trueceylonspices (Sri Lanka)
• Elite Spice (U.S.)
• First Spice Mixing Company Inc. (U.S.)
• Sauer Brands (U.S.)
• EHL Ingredients (U.K.)
• Bart Ingredients (U.K.)
• McCormick & Company, Inc. (U.S.)
• Ozone Naturals (India)
• Reho Natural Ingredients (Sri Lanka)
• Vijaya Enterprises (Sri Lanka)
• New Lanka Cinnamon Pvt Ltd (Sri Lanka)
• Cinnamon SriLanka (Sri Lanka)

Latest Developments in Cinnamon Extract Market

• In July 2024, the Sri Lankan government launched a Department for Cinnamon Development to support the growth of the cinnamon industry. The department's goal is to improve the cultivation, production, and export of cinnamon by assisting producers, suppliers, and exporters. In addition, it aims to enhance the quality and variety of cinnamon products through value-added innovations
• In March 2023, McCormick & Company, Inc. revealed a new design for its iconic red cap-branded products. The redesign includes a refreshed look for its core range of herbs and spices, including cinnamon, garlic powder, paprika, parsley, and crushed red pepper. This rebranding effort aims to enhance the product’s visual appeal and strengthen its presence in the market
• In March 2023, the Indonesian government introduced the Indonesia Spice Up the World (ISUTW) program to attract investments in spices and herbs, with a focus on enhancing the processing industries. The program aims to boost exports, prioritizing cinnamon alongside other key spices, including turmeric, nutmeg, pepper, and vanilla. This initiative is designed to strengthen Indonesia's position as a global leader in spice production and export
• In May 2022, the Center for Rural Economy Development (CRED), backed by the Swiss State Secretariat for Economic Affairs (SECO) through the BioTrade project, launched a 'Sustainable Cinnamon Development' initiative in Yen Bai province. The initiative focuses on aligning market demands with international sustainable certifications and exploring long-term strategies for sustainable cinnamon growth. This project aims to enhance the sustainability of cinnamon production while meeting global market trends

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