The Latin America, Middle East and Africa Cinnamon Market would witness market growth of 14.1% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 14,670.8, showcasing a growth of 12.4% (2024-2031).
Saigon cinnamon, also known as Vietnamese cinnamon, is renowned for its exceptionally strong, sweet, and spicy flavor, making it a favorite in both culinary and commercial applications. It has a higher concentration of essential oils than other cinnamon types, which enhances its potent aroma and taste. Saigon cinnamon is commonly used in spicy dishes, desserts, and beverages that require a more intense cinnamon flavor. Therefore, in Argentina, 212.33 tonnes of Saigon cinnamon is expected to be utilized by the year 2031.
The Brazil market dominated the LAMEA Cinnamon Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $363.3 million by 2031. The Argentina market is registering a CAGR of 14.9% during (2024 - 2031). Additionally, The UAE market would capture a CAGR of 13.1% during (2024 - 2031).
Cinnamon is incorporated into various healthy snacks, such as cinnamon-flavoured energy bars and nut mixes, appealing to consumers looking for flavourful yet nutritious options. The culinary world is currently experiencing the development of cinnamon-infused oils, which are utilized as a base for salad dressings or drizzling over dishes. This trend provides a distinctive flavour profile to commonplace meals. With the rise of plant-based diets, cinnamon enhances the flavours of plant-based meats and dairy alternatives, providing a familiar warmth and flavour profile.
Several factors have driven the adoption of cinnamon across various sectors. Cinnamon is increasingly integrated into daily routines, such as being added to morning coffee, oatmeal, or yogurt, as consumers seek to enhance their meals with flavourful and healthful ingredients. Cinnamon's association with festive occasions and seasonal flavours (such as pumpkin spice during autumn) drives its adoption during specific times of the year, leading to increased sales and usage.
As Saudi Arabia’s pharmaceutical industry expands, there is a growing interest in standardizing and quality-controlling herbal ingredients. This trend is essential for ensuring the efficacy and safety of cinnamon products. Pharmaceutical companies increasingly focus on sourcing high-quality, standardized cinnamon extracts that can be reliably used in formulations. This emphasis on quality and standardization enhances the overall demand for cinnamon within the pharmaceutical market.
Incorporating sophisticated extraction and processing technologies into the pharmaceutical sector is essential for expanding the cinnamon market. Innovations that improve the bioavailability and efficacy of cinnamon's active compounds will make it a more appealing option for pharmaceutical formulations. As companies seek to enhance the therapeutic potential of their products, the use of high-quality cinnamon extracts will likely rise. Therefore, the expansion of the food service sector in the UAE and the rising pharmaceutical industry in Saudi Arabia significantly impact the cinnamon market by driving demand for this versatile spice in various health products.
Free Valuable Insights: The Worldwide Cinnamon Market is Projected to reach USD 18.8 Billion by 2031, at a CAGR of 12.4%
Based on Application, the market is segmented into Commercial, and Residential. Based on Product, the market is segmented into Ceylon, Cassia, Saigon, Korintje, and Other Products. Based on Distribution Channel, the market is segmented into Hypermarkets & Supermarkets, Convenience Stores, Specialty Stores, Online, and Other Distribution Channels. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Application (Volume, Tonnes, USD Billion, 2020-2031)
By Product (Volume, Tonnes, USD Billion, 2020-2031)
By Distribution Channel (Volume, Tonnes, USD Billion, 2020-2031)
By Country (Volume, Tonnes, USD Billion, 2020-2031)
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![Cinnamon Market Size, Share & Analysis Report [2031]](https://www.kbvresearch.com/upload/cover/cinnamon-market.jpg "Cinnamon Market Size, Share & Analysis Report [2031]")
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