According to a new market report published by Lucintel, the future of the cinnamon extract market looks promising with opportunities in food and beverage, pharmaceutical, beauty and personal cares, and others. The global cinnamon extract market is expected to grow with a CAGR of xx%-xx% from 2020 to 2025. The major drivers for this market are rise in disposable income, used as a flavoring materials, and demand for cinnamon extract in the personal care and cosmetics industry.
In this market, powder and liquid form are the major form types. Lucintel forecasts that powder form will remain the largest segment over the forecast period due to its increasing demand for the usage as a flavoring additive, cuisines, savory dishes, beverages, and various other food products
Within this market, food and beverages, cosmetics and personal care, pharmaceuticals, food service industry, and others are the major applications. Cosmetics and personal care will remain the largest segment by application type over the forecast period because the demand for cinnamon extract is high for personal care products due to its medicinal benefits, including breaking down fat in the digestive system, controlling blood sugar levels in diabetic patients, and combating diarrhea, microorganisms, and other health disorders.
Asia-Pacific is expected to witness the highest growth over the forecast period because of growing demand of Asians for consuming for boosting the immune system. ,changing lifestyle and rise in income of the consumers in this region.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global cinnamon extract market by form type, application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Cinnamon Extract Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global cinnamon extract market by form type, application, and region as follows:
By Form Type [Value ($ Million) shipment analysis for 2014 – 2025]:
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Food and beverages
Cosmetics and personal care
Pharmaceuticals
Food service industry
Others
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United Kingdom
Germany
France
Spain
A more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
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