Cinnamon Bark Market 2020-2027 |Industry Research Report

Cinnamon Bark Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Product Type (Chinese Cinnamon, Sri Lanka Cinnamon, and Others) and End Use (Spice and Others)

Publication Month : Oct 2020

  • Report Code : TIPRE00012128
  • Category : Food and Beverages
  • Status : Published
  • No. of Pages : 131
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The cinnamon bark market was valued at US$ 922.68 million in 2019 and is projected to reach US$ 1,689.39 million by 2027; it is expected to grow at a CAGR of 8.0% from 2020 to 2027.

Cinnamon bark is mainly used to treat upset gastrointestinal tract, gasses, and diarrhea. Cinnamon bark is used for stimulating appetite; it is also effective against common cold and flu, menstrual cramps, and infections caused by parasitic worms and certain bacteria. Cinnamon bark has antioxidants, antifungal, and antibacterial properties that help fight against acne and skin blemishes. It improves the blood flow back to the skin and removes dead skin cells. It can also be used as a replacement of methylparaben, an emulsifying agent, in the production of cosmetic creams. Personal care products that contain cinnamon can help restrict the degradation of the product when it is exposed to common bacteria present in human body.

In 2019, Asia Pacific was the largest Cinnamon bark market.The rapid growthofthe market in this region is mainly attributed to high cinnamon consumption and production acrossAsian countries. For instance, Sri Lanka, Indonesia, China, and India have been using cinnamon in different food and beverages, and medicinal recipes for a long time. Moreover, China is one of the major producers of cinnamon bark in the world.

The COVID-19 pandemic first reportedin Wuhan, China, in December 2019. As of October2020, the US, Brazil, India, Spain, Russia, South Africa, Mexico, and the UK are among the worst-affected countries by the pandemic. The COVID-19 outbreak is affecting economies and industries in various countries due to imposed lockdowns, travel bans, and business shutdowns. The food & beveragesindustry is one of the major industries facing serious disruptions in the form of office and factory shutdown,andsupply chain discontinuation.

Cinnamon Bark Market Breakdown—by Region, 2019

Cinnamon Bark Market Breakdown—by Region, 2019
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Market Insights

Various Health Benefits Associated withCinnamon Bark

Cinnamon consists of various antioxidants such aspolyphenols that basically help protectthe body from oxidative damagecaused by free radicals. Inflammation is a very important aspect of the body as it helps cure infections and repair tissue damage; but inflammations become a problem when it is chronic, and it is directed toward the body tissues.Cinnamon helps in this case as it contains anti-inflammatory properties. Cinnamon also helps reduce risks related to heart diseases byreducing the levels of LDL cholesterol and triglycerides.Cinnamon bark is also used to treat varioushealth issuessuch as diarrhea and gastrointestinal (GI) upset. Itis also usedagainst the infections that have been caused by certain bacteria and parasitic worms, and also it is effective to treatcommon cold and flu-like influenza.Cinnamon is effective againstdiabetes as it helps lower the blood sugar level by several mechanisms. Cinnamon consists of cinnamaldehyde that helps fight against various infections. Therefore, the consumption of cinnamon barkproducts is rising among health-conscious consumers owing toits health benefits.

Product TypeInsights

On the basis of product type, the cinnamon barkmarket issegmented intoChinese cinnamon, Sri Lanka cinnamon, and others. The Chinese cinnamonsegment held the largest share of the market in 2019.The largest share of the Chinese cinnamon segment is attributed to a wide use ofcinnamon as a flavoring agent in the cooking of confectionery, desserts, pastries, and meat. Chinese cinnamon is produced primarily in China’s southern provinces of Guangdong, Guangxi, and Yunnan. It is considered as one of the fifty fundamental herbs in traditional Chinese medicine. Increasing use of Chinese cinnamon for medicinal purpose has bolsteredits sale over the past few years.

End UseInsights

On the basis of end use, the cinnamon barkmarket is bifurcatedinto spice and others. The spice segment led the cinnamon barkmarket with a largermarket share in 2019. With the rising preference for healthy diet, consumers in developed and developing countries are increasingly seeking the combination of nutrition and taste in food and beverages. Spices impart flavor and taste to any food and beverage preparation. With is sweet and hot combination of taste, cinnamon bark enhancesflavor and taste offoodstuff, and confers health benefits to the consumers. Additionally, cinnamon bark helps manage blood sugar and cholesterol levels.

Cinnamon Bark Market, byProduct Type– 2019and 2027

Cinnamon Bark Market, byProduct Type– 2019and 2027
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Cinnamon Bark Market: Strategic Insights

cinnamon-bark-market
Market Size Value inUS$ 922.68Million in 2019
Market Size Value byUS$ 1,689.39Million by 2027
Growth rateCAGR of 8.0% from 2020-2027
Forecast Period2020-2027
Base Year2020
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Biofoods Pvt. Ltd.;Goya Foods, Inc.;HDDES Group;The Bart Ingredients Company Ltd;EOAS Organics Pvt Ltd.;The C.F. Sauer Company;First Spice Mixing Company, Inc.;Cino Ceylon;Cassia Co-op;and Frontier Co-op. are among thekey market players operating in the global cinnamon bark market.Companies undertake activities such as mergers and acquisitions to expand their business reach..They also focus on offering a diverse range of products to cater to various end-user industries.

Report Spotlights

  • Progressive industry trends in the global cinnamon barkmarket to help players develop effective long-term strategies
  • Business growth strategies adopted by developed and developing markets
  • Quantitative analysis of the global cinnamon barkmarket from 2017 to 2027
  • Estimation of the demand for cinnamon barkacross various industries
  • PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry
  • Recent developments to understand the competitive market and the demand for cinnamon bark
  • Market trends and outlook,and factors driving and restraining the cinnamon bark market growth
  • Understanding on strategies that underpin the global cinnamon barkmarket growth, which assists stakeholders in decision-making
  • Cinnamon barkmarket size at various nodes of market
  • Detailed overview and segmentation of the global market and industry dynamics
  • Cinnamon barkmarket size in various regions with promising growth opportunities

Cinnamon Bark Market, byProduct Type

  • Chinese Cinnamon
  • Sri Lanka Cinnamon
  • Others


Cinnamon BarkMarket, by End Use

  • Spice
  • Others


Company Profiles

  • Biofoods Pvt. Ltd.
  • Goya Foods, Inc.
  • HDDES Group
  • The Bart Ingredients Company Ltd
  • EOAS Organics Pvt. Ltd.
  • The C.F. Sauer Company
  • First Spice Mixing Company, Inc.
  • Cino Ceylon
  • Cassia Co-op
  • Frontier Co-op.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product Type and End Use

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


Can you list some of the major players operating in the global cinnamon bark market?

The major players operating in the globalcinnamon barkmarketareBiofoods Pvt Ltd., Goya Foods, Inc., HDDES Group, The Bart Ingredients Company Ltd., EOAS Organics(Private) Limited, The C.F. Sauer Company, First Spice Mixing Company, Inc., Cino Ceylon, Frontier Co-op., and Cassia Co-opamong many others.

In 2019, which region held the largest share of the global cinnamon bark market?

In 2019,the cinnamon barkmarket was predominantinthe Asia Pacific regionat theglobal level. The rapid development in the cinnamon bark market in the Asia Pacific region is mainly attributed to the higher consumption and production rate of cinnamon in Asian countries. For instance, Sri Lanka, Indonesia, and India are among the leading cinnamon-consuming countries for a long time. Cinnamon bark is mainly used in cooking and making tea in Asian countries. Moreover, China is also one of the major producers of cinnamon bark and also consumes a substantial amount of spices.

Based on end-use, why is the spices segment expected to garner the largest share in 2027?

Cinnamon bark has a sweet and aromatic taste with a spicy fragrance, which is because the cinnamon bark contains essential oils. Cinnamon is basically one of the ingredients that are used in order to make curry powder that is used in order to make meat, vegetable dishes, and fish. The flavor enhancement is achieved through cinnamon, cloves, caraway, and other spices. Cinnamon is also used in a pickle, sauces, confectioneries, soup, and canned fruits along with other spices.

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.2 Research Methodology

3.2.1 Data Collection:

3.2.2 Primary Interviews:

3.2.3 Hypothesis formulation:

3.2.4 Macro-economic factor analysis:

3.2.5 Developing base number:

3.2.6 Data Triangulation:

3.2.7 Country level data:

4. Cinnamon Bark Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 North America

4.2.2 Europe

4.2.3 APAC

4.2.4 MEA

4.2.5 SAM

4.3 Expert Opinion

4.4 List of Potential Buyers of Cinnamon Bark (As per availability on public domain)

5. Cinnamon Bark Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Various Health Benefits Associated with Cinnamon Bark

5.1.2 High Consumption in Asia Pacific

5.2 Market Restraints

5.2.1 Lack of Skilled Labor

5.3 Market Opportunities

5.3.1 Increasing Demand from North America and Europe

5.4 Future Trends

5.4.1 Rising Usage in Cosmetic and Personal Care Industry

5.5 Impact Analysis Of Drivers And Restraints

6. Cinnamon Bark – Global Market Analysis

6.1 Cinnamon Bark Market Overview

6.2 Cinnamon Bark Market –Revenue and Forecast to 2027 (US$ Million)

6.3 Market Positioning – Key Market Players

7. Cinnamon Bark Analysis Market – By Product Type

7.1 Overview

7.2 Cinnamon Bark Market, By Product Type (2020 and 2027)

7.3 Chinese Cinnamon

7.3.1 Overview

7.3.1.1 Chinese Cinnamon: Cinnamon Bark Market – Revenue, and Forecast to 2027 (US$ Million)

7.4 Sri Lanka Cinnamon

7.4.1 Overview

7.4.1.1 Sri Lanka Cinnamon: Cinnamon Bark Market – Revenue, and Forecast to 2027 (US$ Million)

7.5 Others

7.5.1 Overview

1.5.1.1 Others: Cinnamon Bark Market – Revenue, and Forecast to 2027 (US$ Million)

8. Cinnamon Bark Market Analysis – By End Use

8.1 Overview

8.2 Cinnamon Bark Market, By End Use (2020 and 2027)

8.3 Spices

8.3.1 Overview

8.3.1.1 Spices: Cinnamon Bark Market – Revenue, and Forecast to 2027 (US$ Million)

8.4 Others

8.4.1 Overview

8.4.1.1 Others: Cinnamon Bark Market – Revenue, and Forecast to 2027 (US$ Million)

9. Cinnamon Bark Market – Geographic Analysis

9.1 Overview

9.2 North America: Cinnamon Bark Market

9.2.1 North America: Cinnamon Bark Market –Revenue and Forecast to 2027(US$ Million)

9.2.2 North America: Cinnamon Bark Market, by Product Type

9.2.3 North America: Cinnamon Bark Market, by End Use

9.2.4 North America: Cinnamon Bark Market, by Key Country

9.2.4.1 US: Cinnamon Bark Market–Revenue and Forecast to 2027 (US$ Million)

9.2.4.1.1 US: Cinnamon Bark Market, by Product Type

9.2.4.1.2 US: Cinnamon Bark Market, by End Use

9.2.4.2 Canada: Cinnamon Bark Market – Revenue and Forecast to 2027 (US$ Million)

9.2.4.2.1 Canada: Cinnamon Bark Market, by Product Type

9.2.4.2.2 Canada: Cinnamon Bark Market, by End Use

9.2.4.3 Mexico: Cinnamon Bark Market – Revenue and Forecast to 2027 (US$ Million)

9.2.4.3.1 Mexico: Cinnamon Bark Market, by Product Type

9.2.4.3.2 Mexico: Cinnamon Bark Market, by End Use

9.3 Europe: Cinnamon Bark Market

9.3.1 Europe: Cinnamon Bark Market –Revenue and Forecast to 2027 (US$ Million)

9.3.2 Europe: Cinnamon Bark Market, by Product Type

9.3.3 Europe: Cinnamon Bark Market, by End Use

9.3.4 Europe: Cinnamon Bark Market, by Key Country

9.3.4.1 Germany: Cinnamon Bark Market – Revenue and Forecast to 2027 (US$ Million)

9.3.4.1.1 Germany: Cinnamon Bark Market, by Product Type

9.3.4.1.2 Germany: Cinnamon Bark Market, by End Use

9.3.4.2 France: Cinnamon Bark Market – Revenue and Forecast to 2027 (US$ Million)

9.3.4.2.1 France: Cinnamon Bark Market, by Product Type

9.3.4.2.2 France: Cinnamon Bark Market, by End Use

9.3.4.3 Italy: Cinnamon Bark Market – Revenue and Forecast to 2027 (US$ Million)

9.3.4.3.1 Italy: Cinnamon Bark Market, by Product Type

9.3.4.3.2 Italy: Cinnamon Bark Market, by End Use

9.3.4.4 United Kingdom: Cinnamon Bark Market – Revenue and Forecast to 2027 (US$ Million)

9.3.4.4.1 United Kingdom: Cinnamon Bark Market, by Product Type

9.3.4.4.2 United Kingdom: Cinnamon Bark Market, by End Use

9.3.4.5 Russia: Cinnamon Bark Market – Revenue and Forecast to 2027 (US$ Million)

9.3.4.5.1 Russia: Cinnamon Bark Market, by Product Type

9.3.4.5.2 Russia: Cinnamon Bark Market, by End Use

9.3.4.6 Rest of Europe: Cinnamon Bark Market – Revenue and Forecast to 2027 (US$ Million)

9.3.4.6.1 Rest of Europe: Cinnamon Bark Market, by Product Type

9.3.4.6.2 Rest of Europe: Cinnamon BARK Market, by End Use

9.4 Asia-Pacific: Cinnamon Bark Market

9.4.1 Asia-Pacific: Cinnamon Bark Market –Revenue and Forecast to 2027 (US$ Million)

9.4.2 Asia-Pacific: Cinnamon Bark Market, by Product Type

9.4.3 Asia-Pacific: Cinnamon Bark Market, by End Use

9.4.4 Asia-Pacific: Cinnamon Bark Market, by Key Country

9.4.4.1 Australia: Cinnamon Bark Market – Revenue and Forecast to 2027 (US$ Million)

9.4.4.1.1 Australia: Cinnamon Bark Market, by Product Type

9.4.4.1.2 Australia: Cinnamon Bark Market, by End Use

9.4.4.2 China: Cinnamon Bark Market – Revenue and Forecast to 2027 (US$ Million)

9.4.4.2.1 China: Cinnamon Bark Market, by Product Type

9.4.4.2.2 China: Cinnamon Bark Market, by End Use

9.4.4.3 India: Cinnamon Bark Market – Revenue and Forecast to 2027 (US$ Million)

9.4.4.3.1 India: Cinnamon Bark Market, by Product Type

9.4.4.3.2 India: Cinnamon Bark Market, by End Use

9.4.4.4 Japan: Cinnamon Bark Market – Revenue and Forecast to 2027 (US$ Million)

9.4.4.4.1 Japan: Cinnamon Bark Market, by Product Type

9.4.4.4.2 Japan: Cinnamon Bark Market, by End Use

9.4.4.5 South Korea: Cinnamon Bark Market – Revenue and Forecast to 2027 (US$ Million)

9.4.4.5.1 South Korea: Cinnamon Bark Market, by Product Type

9.4.4.5.2 South Korea: Cinnamon Bark Market, by End Use

9.4.4.6 Rest of Asia-Pacific: Cinnamon Bark Market – Revenue and Forecast to 2027 (US$ Million)

9.4.4.6.1 Rest of Asia-Pacific: Cinnamon Bark Market, by Product Type

9.4.4.6.2 Rest of Asia-Pacific: Cinnamon Bark Market, by End Use

9.5 MEA: Cinnamon Bark Market

9.5.1 MEA: Cinnamon Bark Market – Revenue and Forecast to 2027 (US$ Million)

9.5.2 MEA: Cinnamon Bark Market, by Product Type

9.5.3 MEA: Cinnamon Bark Market, by End Use

9.5.4 MEA: Cinnamon Bark Market, by Key Country

9.5.4.1 South Africa: Cinnamon Bark Market –Revenue and Forecast to 2027 (US$ Million)

9.5.4.1.1 South Africa: Cinnamon Bark Market, by Product Type

9.5.4.1.2 South Africa: Cinnamon Bark Market, by End Use

9.5.4.2 Saudi Arabia: Cinnamon Bark Market –Revenue and Forecast to 2027 (US$ Million)

9.5.4.2.1 Saudi Arabia: Cinnamon Bark Market, by Product Type

9.5.4.2.2 Saudi Arabia: Cinnamon Bark Market, by End Use

9.5.4.3 UAE: Cinnamon Bark Market –Revenue and Forecast to 2027 (US$ Million)

9.5.4.3.1 UAE: Cinnamon Bark Market, by Product Type

9.5.4.3.2 UAE: Cinnamon Bark Market, by End Use

9.5.4.4 Rest of MEA: Cinnamon Bark Market –Revenue and Forecast to 2027 (US$ Million)

9.5.4.4.1 Rest of MEA: Cinnamon Bark Market, by Product Type

9.5.4.4.2 Rest of MEA: Cinnamon Bark Market, by End Use

9.6 SAM: Cinnamon Bark Market

9.6.1 SAM: Cinnamon Bark Market – Revenue and Forecast to 2027 (US$ Million)

9.6.2 SAM: Cinnamon Bark Market, by Product Type

9.6.3 SAM: Cinnamon Bark Market, by End Use

9.6.4 SAM: Cinnamon Bark Market, by Key Country

9.6.4.1 Brazil: Cinnamon Bark Market –Revenue and Forecast to 2027 (US$ Million)

9.6.4.1.1 Brazil: Cinnamon Bark Market, by Product Type

9.6.4.1.2 Brazil: Cinnamon Bark Market, by End Use

9.6.4.2 Argentina: Cinnamon Bark Market –Revenue and Forecast to 2027 (US$ Million)

9.6.4.2.1 Argentina: Cinnamon Bark Market, by Product Type

9.6.4.2.2 Argentina: Cinnamon Bark Market, by End Use

9.6.4.3 Rest of SAM: Cinnamon Bark Market –Revenue and Forecast to 2027 (US$ Million)

9.6.4.3.1 Rest of SAM: Cinnamon Bark Market, by Product Type

9.6.4.3.2 Rest of SAM: Cinnamon Bark Market, by End Use

10. Impact of COVID-19 Pandemic on Global Cinnamon Bark Market

10.1 Overview

10.2 North America: Impact Assessment of COVID-19 Pandemic

10.3 Europe: Impact Assessment of COVID-19 Pandemic

10.4 Asia-Pacific: Impact Assessment of COVID-19 Pandemic

10.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic

11. Key Company Profiles

11.1 Biofoods Pvt Ltd.

11.1.1 Key Facts

11.1.2 Business Description

11.1.3 Products and Services

11.1.4 Financial Overview

11.1.5 SWOT Analysis

11.2 Goya Foods, Inc.

11.2.1 Key Facts

11.2.2 Business Description

11.2.3 Products and Services

11.2.4 Financial Overview

11.2.5 SWOT Analysis

11.3 HDDES Group

11.3.1 Key Facts

11.3.2 Business Description

11.3.3 Products and Services

11.3.4 Financial Overview

11.3.5 SWOT Analysis

11.4 The Bart Ingredients Company Ltd.

11.4.1 Key Facts

11.4.2 Business Description

11.4.3 Products and Services

11.4.4 Financial Overview

11.4.5 SWOT Analysis

11.4.1 Key Developments

11.5 EOAS Organics(Private) Limited

11.5.1 Key Facts

11.5.2 Business Description

11.5.3 Products and Services

11.5.4 Financial Overview

11.5.5 SWOT Analysis

11.6 The C.F. Sauer Company

11.6.1 Key Facts

11.6.2 Business Description

11.6.3 Products and Services

11.6.4 Financial Overview

11.6.5 SWOT Analysis

11.7 First Spice Mixing Company, Inc.

11.7.1 Key Facts

11.7.2 Business Description

11.7.3 Products and Services

11.7.4 Financial Overview

11.7.5 SWOT Analysis

11.8 Cino Ceylon

11.8.1 Key Facts

11.8.2 Business Description

11.8.3 Products and Services

11.8.4 Financial Overview

11.8.5 SWOT Analysis

11.9 Frontier Co-op.

11.9.1 Key Facts

11.9.2 Business Description

11.9.3 Products and Services

11.9.4 Financial Overview

11.9.5 SWOT Analysis

11.10 Cassia Co-op

11.10.1 Key Facts

11.10.2 Business Description

11.10.3 Products and Services

11.10.4 Financial Overview

11.10.5 SWOT Analysis

12. Appendix

12.1 About The Insight Partners

12.2 Glossary

LIST OF TABLES

Table 1. Cinnamon Bark Market –Revenue and Forecast to 2027 (US$ Million)

Table 2. North America Cinnamon Bark Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)

Table 3. North America Cinnamon Bark Market, by End Use – Revenue and Forecast to 2027 (US$ Million)

Table 4. US Cinnamon Bark Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)

Table 5. US Cinnamon Bark Market, by End Use – Revenue and Forecast to 2027 (US$ Million)

Table 6. Canada Cinnamon Bark Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)

Table 7. Canada Cinnamon Bark Market, by End Use – Revenue and Forecast to 2027 (US$ Million)

Table 8. Mexico Cinnamon Bark Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)

Table 9. Mexico Cinnamon Bark Market, by End Use – Revenue and Forecast to 2027 (US$ Million)

Table 10. Europe Cinnamon Bark Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)

Table 11. Europe Cinnamon Bark Market, by End Use – Revenue and Forecast to 2027 (US$ Million)

Table 12. Germany Cinnamon Bark Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)

Table 13. Germany Cinnamon Bark Market, by End Use – Revenue and Forecast to 2027 (US$ Million)

Table 14. France Cinnamon Bark Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)

Table 15. France Cinnamon Bark Market, by End Use – Revenue and Forecast to 2027 (US$ Million)

Table 16. Italy Cinnamon Bark Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)

Table 17. Italy Cinnamon Bark Market, by End Use – Revenue and Forecast to 2027 (US$ Million)

Table 18. United Kingdom: Cinnamon Bark Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)

Table 19. United Kingdom: Cinnamon Bark Market, by End Use – Revenue and Forecast to 2027 (US$ Million)

Table 20. Russia Cinnamon Bark Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)

Table 21. Russia Cinnamon Bark Market, by End Use – Revenue and Forecast to 2027 (US$ Million)

Table 22. Rest of Europe Cinnamon Bark Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)

Table 23. Rest of Europe Cinnamon Bark Market, by End Use – Revenue and Forecast to 2027 (US$ Million)

Table 24. APAC Cinnamon Bark Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)

Table 25. APAC Cinnamon Bark Market, by End Use – Revenue and Forecast to 2027 (US$ Million)

Table 26. Australia Cinnamon Bark Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)

Table 27. Australia Cinnamon Bark Market, by End Use – Revenue and Forecast to 2027 (US$ Million)

Table 28. China Cinnamon Bark Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)

Table 29. China Cinnamon Bark Market, by End Use – Revenue and Forecast to 2027 (US$ Million)

Table 30. India Cinnamon Bark Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)

Table 31. India Cinnamon Bark Market, by End Use – Revenue and Forecast to 2027 (US$ Million)

Table 32. Japan Cinnamon Bark Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)

Table 33. Japan Cinnamon Bark Market, by End Use – Revenue and Forecast to 2027 (US$ Million)

Table 34. South Korea Cinnamon Bark Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)

Table 35. South Korea Cinnamon Bark Market, by End Use – Revenue and Forecast to 2027 (US$ Million)

Table 36. Rest of APAC Cinnamon Bark Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)

Table 37. Rest of APAC Cinnamon Bark Market, by End Use – Revenue and Forecast to 2027 (US$ Million)

Table 38. MEA Cinnamon Bark Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)

Table 39. MEA Cinnamon Bark Market, by End Use – Revenue and Forecast to 2027 (US$ Million)

Table 40. South Africa Cinnamon Bark Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)

Table 41. South Africa Cinnamon Bark Market, by End Use – Revenue and Forecast to 2027 (US$ Million)

Table 42. Saudi Arabia Cinnamon Bark Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)

Table 43. Saudi Arabia Cinnamon Bark Market, by End Use – Revenue and Forecast to 2027 (US$ Million)

Table 44. UAE Cinnamon Bark Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)

Table 45. UAE Cinnamon Bark Market, by End Use – Revenue and Forecast to 2027 (US$ Million)

Table 46. Rest of MEA Cinnamon Bark Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)

Table 47. Rest of MEA Cinnamon Bark Market, by End Use – Revenue and Forecast to 2027 (US$ Million)

Table 48. SAM Cinnamon Bark Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)

Table 49. SAM Cinnamon Bark Market, by End Use – Revenue and Forecast to 2027 (US$ Million)

Table 50. Brazil Cinnamon Bark Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)

Table 51. Brazil Cinnamon Bark Market, by End Use – Revenue and Forecast to 2027 (US$ Million)

Table 52. Argentina Cinnamon Bark Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)

Table 53. Argentina Cinnamon Bark Market, by End Use – Revenue and Forecast to 2027 (US$ Million)

Table 54. Rest of SAM Cinnamon Bark Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)

Table 55. Rest of SAM Cinnamon Bark Market, by End Use – Revenue and Forecast to 2027 (US$ Million)

Table 56. Glossary of Terms, Global Cinnamon Bark Market

LIST OF FIGURES

Figure 1. Cinnamon Bark Market Segmentation

Figure 2. Cinnamon Bark Market Segmentation – By Geography

Figure 3. Global Cinnamon Bark Market Overview

Figure 4. Spice Segment Held Largest Share of Global Cinnamon Bark Market

Figure 5. Asia Pacific Region Held Largest Share of Global Cinnamon Bark Market

Figure 6. Global Cinnamon Bark Market, Industry Landscape

Figure 7. North America PEST Analysis

Figure 8. Europe – PEST Analysis

Figure 9. APAC: PEST Analysis

Figure 10. MEA: PEST Analysis

Figure 11. SAM: PEST Analysis

Figure 12. Expert Opinion

Figure 13. Cinnamon Bark Market Impact Analysis Of Driver And Restraints

Figure 14. Geographic Overview of Cinnamon Bark Market

Figure 15. Global Cinnamon Bark Market – Revenue and Forecast to 2027 (US$ Million)

Figure 16. Cinnamon Bark Market Revenue Share, by Product Type (2020 and 2027)

Figure 17. Chinese Cinnamon: Cinnamon Bark Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 18. Sri Lanka Cinnamon: Cinnamon Bark Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 19. Others: Cinnamon Bark Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 20. Cinnamon Bark Market Revenue Share, by End Use (2020 and 2027)

Figure 21. Spices: Cinnamon Bark Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 22. Others : Cinnamon Bark Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 23. Global Cinnamon Bark Market Revenue Share, by Region (2019 and 2027)

Figure 24. North America: Cinnamon Bark Market– Revenue and Forecast to 2027 (US$ Million)

Figure 25. North America: Cinnamon Bark Market Revenue Share, by Product Type (2019 and 2027)

Figure 26. North America: Cinnamon Bark Market Revenue Share, by Application (2019 and 2027)

Figure 27. North America: Cinnamon Bark Market Revenue Share, by Key Country(2019 and 2027)

Figure 28. US: Cinnamon Bark Market–Revenue and Forecast to 2027 (US$ Million)

Figure 29. Canada: Cinnamon Bark Market – Revenue and Forecast to 2027 (US$ Million)

Figure 30. Mexico: Cinnamon Bark Market – Revenue and Forecast to 2027 (US$ Million)

Figure 31. Europe: Cinnamon Bark Market – Revenue and Forecast to 2027 (US$ Million)

Figure 32. Europe: Cinnamon Bark Market Revenue Share, by Product (2019 and 2027)

Figure 33. Europe: Cinnamon Bark Market Revenue Share, by End Use (2019 and 2027)

Figure 34. Europe: Cinnamon bark Market Revenue Share, by Key Country (2019 and 2027)

Figure 35. Germany: Cinnamon Bark Market – Revenue and Forecast to 2027 (US$ Million)

Figure 36. France: Cinnamon Bark Market – Revenue and Forecast to 2027 (US$ Million)

Figure 37. Italy: Cinnamon Bark Market – Revenue and Forecast to 2027 (US$ Million)

Figure 38. United Kingdom: Cinnamon Bark Market – Revenue and Forecast to 2027 (US$ Million)

Figure 39. Russia: Cinnamon Bark Market – Revenue and Forecast to 2027 (US$ Million)

Figure 40. Rest of Europe: Cinnamon Bark Market – Revenue and Forecast to 2027 (US$ Million)

Figure 41. Asia-Pacific: Cinnamon Bark Market – Revenue and Forecast to 2027 (US$ Million)

Figure 42. Asia-Pacific: Cinnamon Bark Market Revenue Share, by Product Type(2019 and 2027)

Figure 43. Asia-Pacific: Cinnamon Bark Market Revenue Share, by End Use (2019 and 2027)

Figure 44. Asia-Pacific: Cinnamon Bark Market Revenue Share, by Key Country (2019 and 2027)

Figure 45. Australia: Cinnamon Bark Market – Revenue and Forecast to 2027 (US$ Million)

Figure 46. China: Cinnamon Bark Market – Revenue and Forecast to 2027 (US$ Million)

Figure 47. India: Cinnamon Bark Market – Revenue and Forecast to 2027 (US$ Million)

Figure 48. Japan: Cinnamon Bark Market – Revenue and Forecast to 2027 (US$ Million)

Figure 49. South Korea: Cinnamon Bark Market – Revenue and Forecast to 2027 (US$ Million)

Figure 50. Rest of Asia-Pacific: Cinnamon Bark Market – Revenue and Forecast to 2027 (US$ Million)

Figure 51. MEA: Cinnamon Bark Market – Revenue and Forecast to 2027 (US$ Million)

Figure 52. MEA: Cinnamon Bark Market Revenue Share, by Product Type (2019 and 2027)

Figure 53. MEA: Cinnamon Bark Market Revenue Share, by End Use (2019 and 2027)

Figure 54. MEA: Cinnamon Bark Market Revenue Share, by Key Country (2019 and 2027)

Figure 55. South Africa: Cinnamon Bark Market –Revenue and Forecast to 2027 (US$ Million)

Figure 56. Saudi Arabia: Cinnamon Bark Market –Revenue and Forecast to 2027 (US$ Million)

Figure 57. UAE: Cinnamon Bark Market –Revenue and Forecast to 2027 (US$ Million)

Figure 58. Rest of MEA: Cinnamon Bark Market –Revenue and Forecast to 2027 (US$ Million)

Figure 59. SAM: Cinnamon Bark Market – Revenue and Forecast to 2027 (US$ Million)

Figure 60. SAM: Cinnamon Bark Market Revenue Share, by Product Type (2019 and 2027)

Figure 61. SAM: Cinnamon Bark Market Revenue Share, by End Use (2019 and 2027)

Figure 62. SAM: Cinnamon Bark Market Revenue Share, by Key Country (2019 and 2027)

Figure 63. Brazil: Cinnamon Bark Market –Revenue and Forecast to 2027 (US$ Million)

Figure 64. Argentina: Cinnamon Bark Market –Revenue and Forecast to 2027 (US$ Million)

Figure 65. Rest of SAM: Cinnamon Bark Market –Revenue and Forecast to 2027 (US$ Million)

Figure 66. Impact of COVID-19 Pandemic in North American Country Markets

Figure 67. Impact of COVID-19 Pandemic In Europe Country Markets

Figure 68. Impact of COVID-19 Pandemic in Asia Pacific Country Markets

Figure 69. Impact of COVID-19 Pandemic in Middle East And Africa Country Markets

Figure 70. Impact of COVID-19 Pandemic In South America Country Markets

The list of Companies - Global cinnamon bark market

  1. Biofoods Pvt Ltd.
  2. Goya Foods, Inc.
  3. HDDES Group
  4. The Bart Ingredients Company Ltd.
  5. EOAS Organics(Private) Limited
  6. The C.F. Sauer Company
  7. First Spice Mixing Company, Inc.
  8. Cino Ceylon
  9. Frontier Co-op.
  10. Cassia Co-op

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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