The demand for cinnamon-based products throughout industries has significantly driven the demand for bulk cinnamon in the global market. The impact of the growing market brings a bright future to cinnamon farmers and cinnamon producing countries like the tropical islands of Indonesia. In the next few years, the global bulk cinnamon market is forecasted to grow at a CAGR (Compound Annual Growth Rate) of 7.6% from 2022 to 2028 (Global Information, 2022).
This article will further clarify the growth of the bulk cinnamon market size in global trade. We’ll go over the following:
- Factors Behind Cinnamon Market Size Growth from 2022-2028
- What is the Estimated Growth of the Cinnamon Market in 2022-2028?
- How to Find a Reliable Cinnamon Supplier in the United States?
Factors Behind Cinnamon Market Size Growth from 2022-2028
The healthy lifestyle movement has transformed consumer preferences for all-natural products, boosting the global demand for health-conscious ingredients. In the global market, cinnamon is on the top list as a replacement for unhealthy flavorings options. The growing popularity of flavored foods, spice seasonings, cinnamon rolls, and other cinnamon-flavored products in food manufacturing or bakery manufacturing has boosted the demand for bulk cinnamon in bulk since 2020.
Another factor contributing to the rising market size is the growing research and development of cinnamon-based poultry feeds. A study conducted by the faculty of veterinary and agricultural science of the University of Melbourne has broken down the cinnamon influence on poultry’s health performances. Cinnamon’s antioxidant and anti-microbial properties enhance poultry’s genes, immunity, and nutrient digestibility. For this basis, bulk cinnamon is processed to substitute antibiotics used in producing poultry meat. Increasing the demand for bulk cinnamon in the poultry industry.
What is the Estimated Growth of the Cinnamon Market in 2022-2028?
There are two most significant types of cinnamon bulk in the global market year-round, Ceylon cinnamon and Cassia cinnamon. In the future global market projection, it’s forecasted that Cassia cinnamon bulk will account for the fastest-growing market. The growth of Cassia cinnamon is expected to meet a CAGR of 6.4%. A competitive difference with Ceylon cinnamon which is envisioned to grow at a CAGR of 6.1%. Based on these numbers, it’s expected that Cassia cinnamon bulk will continue to be the cinnamon type that is frequently offered on the market throughout 2022-2028.
Their substantial use in retail products pushes Cassia cinnamon and Ceylon cinnamon’s growth in the commercial segment. The growth of the commercial segment is envisioned to meet the highest CAGR at 9.67% during the forecast period in the global market. This is due to the impact on growing cinnamon-based product development and production throughout the industries.
The cinnamon bulk market is expected to grow significantly in the Asia Pacific region and North America. Asia Pacific region is envisioned to be the fastest-growing market for bulk cinnamon during 2022 at a CAGR of 7.9%, while North America ranks second. It’s forecasted to meet the most elevated CAGR of 8.3% based on the regional market. According to this prediction, these regions will be the largest destination regions for bulk cinnamon exportation in the forecast period.
How to Find a Reliable Cinnamon Supplier in the United States?
The future market of bulk cinnamon is expected to grow. For this reason, it’s highly recommended to supply cinnamon in bulk from a reliable supplier that continuously provides you with the high quality cinnamon bulk without the fear of mark-up prices or shortages.
Spice (including cassia cinnamon) suppliers like Essence Food & Beverage, LLC is committed to delivering bulk spices at the lowest price possible. We source our Cassia cinnamon and other gourmet spices directly from the source, Indonesia. We send our bulk spices to your U.S. area with fast delivery guaranteed and continued product guarantees.