LONDON--(BUSINESS WIRE)--Technavio has been monitoring the cinnamon market, and it is poised to grow by USD 628.84 mn during 2019-2023, progressing at a CAGR of 12% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Rising awareness about health benefits of cinnamon has been instrumental in driving the growth of the market. However, challenges with health risks associated with cassia cinnamon might hamper market growth. Request a free sample report
Cinnamon Market 2019-2023: Segmentation
Cinnamon Market is segmented as below:
- Cassia Cinnamon
- Ceylon Cinnamon
- Supermarkets & Convenience Stores
- Online Retail
- The Americas
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR30484
Cinnamon Market 2019-2023: Scope
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. Our cinnamon market report covers the following areas:
- Cinnamon Market size
- Cinnamon Market trends
- Cinnamon Market industry analysis
This study identifies growing application of cinnamon in pharmaceuticals as one of the prime reasons driving the cinnamon market growth during the next few years.
Cinnamon Market 2019-2023: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the cinnamon market, including some of the vendors such as Biofoods, EOAS Organics, Goya Foods, McCormick & Company, and Rathna Ceylon Cinnamon. Backed with competitive intelligence and benchmarking, our research reports on the cinnamon market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Cinnamon Market 2019-2023: Key Highlights
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will assist cinnamon market growth during the next five years
- Estimation of the cinnamon market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the cinnamon market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of cinnamon market vendors
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