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Latin America 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 - Latin America Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2022 to 2027)

Published: March, 2023
ID: 6912
Pages: 145
Formats: report pdf report excel report power bi report ppt

Latin America Cinnamon Market Size, Share, Growth (2022-2027)

Latin America Cinnamon Market was worth USD xx million in 2021 and is estimated to be growing at a CAGR of 13.5%, to reach USD xx million by 2027.

Latin America Cinnamon Market Overview

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.The Latin America 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.

 

Latin America Cinnamon Market Segmentation

on the basis of Type

  • Ceylon Cinnamon

  • Cassia Cinnamon

  • Saigon Cinnamon

  • Korintje

  • Cinnamon

Based on Application

  • Food & Beverages

  • Medicines

  • Cosmetics

Based on Distribution Channel

  • Hypermarkets

  • Supermarkets

  • Online Retailers

  • Convenience Stores

  • Specialty Stores

Latin America Cinnamon Market Regional Analysis

  • Mexico

  • Brazil

  • Argentina

The Latin America Cinnamon Market is predicted to show significant growth during the forecasting period.

Latin America Cinnamon Market Keyplayers

  1. Pure Ceylon Cinnamon

  2. Adam Group

  3. Bio Foods (Pvt) Ltd.

  4. HDDES Group

  5. SDS SPICES (PVT) LTD.

  6. Ceylon Spice Company

  7. Elite Spice

  8. First Spice Mixing Company

  9. C.F. Sauer Company

  10. EHL Ingredients

  11. Bart Ingredients

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