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Europe Cinnamon Market By Type (Ceylon Cinnamon, Cassia Cinnamon, Saigon Cinnamon, Korintje, Cinnamon, Others), By Application (Food & Beverages, Medicines, Cosmetics), By Distribution Channel (Hypermarkets, Supermarkets, Online Retailers, Convenience Stores, Specialty Stores) And By Region - Europe Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2022 to 2027

Published: March, 2023
ID: 6910
Pages: 145
Formats: report pdf report excel report power bi report ppt

Europe Cinnamon Market Size Analysis 2022 - 2027:

Europe Cinnamon Market size was worth USD xx million in 2021 and estimated to be growing at a CAGR of 14.05%, to reach USD xx million by 2026. The market is showcasing evident potential in the mentioned forecasting period. The market continues to gain momentum with the rapid development in the food industry.

Cinnamon is a popular spice obtained from the inside bark of several trees from the genus Cinnamon. It is a vital ingredient in many food items & beverages like bakery products, desserts, tea, and flavoring. Cinnamon also has fragrance and medical significance. It is an essential part of Ayurveda.

Europe Cinnamon Market Drivers:

The Europe cinnamon market is mainly driven by factors like growing demand for cinnamon in different food items for flavor, rising scope in bakery, pharmaceuticals, and cosmetics sectors, and increasing awareness about the health benefits of cinnamon. However, cinnamon is still considered as a luxury ingredient and is thus costly, thus hampering the growth of market in the poor societal class.

Europe Cinnamon Market Segmentation:

The Europe Cinnamon market is segmented on the basis of Type into Ceylon Cinnamon, Cassia Cinnamon, Saigon Cinnamon, Korintje, Cinnamon, and Others. Based on Application, the market is segmented into Food & Beverages, Medicines, and Cosmetics. Based on Distribution Channel, the market is segmented into Hypermarkets, Supermarkets, Online Retailers, Convenience Stores, and Specialty Stores.

On the basis of geography, the Europe market is analysed under the regions namely U.K, Germany, France, Spain and Italy. The Europe Cinnamon Market had the second largest market share globally and is predicted to continue the pattern during the forecasting period.

Europe Cinnamon Market Key Players Analysis:

Some of the major companies dominating the market, by their products are Pure Ceylon Cinnamon, Adam Group, Bio Foods (Pvt) Ltd., HDDES Group, SDS SPICES (PVT) LTD., Ceylon Spice Company, Elite Spice, First Spice Mixing Company, C.F. Sauer Company, EHL Ingredients, and Bart Ingredients.

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