Market
Outlook: Cinnamon Extract
Cinnamon
extract is a form of spice derived from cinnamon the species of the
inner bark of Cinnamomum tree. In the global cinnamon market, the
demand for cinnamon extract is primarily increasing as a flavoring
additive, cuisines, savory dishes, beverages, and various other food
products. In addition, the demand for cinnamon extract is also high
among personal care products owing to its medicinal benefits. In the
global cinnamon extract market, the majority of cinnamon is grown in
Asia-Pacific countries such as Indonesia. China, India, Bangladesh,
Vietnam, Myanmar, and Shri Lanka. Currently, the demand for cinnamon
extract is high among North American and European countries owing to
its health benefits and as a key flavoring agent in food and
beverages. In the Western European market, the majority of demand for
cinnamon extract accounts from Germany, France, U.K., Spain, and the
Netherlands.
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Increasing
Demand for Cinnamon Extract among Personal Care and Cosmetic Industry
Owing to Its Antibacterial, Antifungal, Antiviral, and
Anti-Inflammatory Properties
Some
of the key drivers influencing the demand for cinnamon extract among
cosmetic, personal care products, and food and beverage industry in
the global market is due to the presence of some active ingredients
in the cinnamon extract. Active ingredients in cinnamon extract
include antibacterial, antifungal, antiviral, anti-inflammatory,
antispasmodic, and also some enhanced antioxidants. On the other
side, in the food and beverage industry, a cinnamon extract is
primarily used as a flavoring material or as a cooking spice and for
the aromatic purpose. Apart from the use of the cinnamon extract in
cosmetics, personal care products, and food and beverage industry,
currently the demand for cinnamon extract is also increased owing to
its medicinal properties. For instance, cinnamon extract helps to
break-down fats in the digestive system, controls the level of blood
sugar levels in diabetic patients, and also cinnamon extract helps to
combat with diarrhea, microorganisms and other health disorders. In
the global
cinnamon extract market, one of the key factors prohibits the
growth of cinnamon extract is its fluctuating prices owing to the
production of cinnamon in only some limited countries of the world.
Global
Cinnamon Extract Market: Key Players
Some
of the key players operating in the business of cinnamon extract are
Plamed Green Science Group, Natural Spices of Grenada, Ekowarehouse
Ltd., G.P. de Silva & Sons International (Pvt) Ltd.,
JustIngredients, Vietnam Hanfimex Corporation, Lemur International,
Inc., FutureCeuticals, Naturoca, Ceylon Spice Company, High Plains
Spice Company, Tripper Nature, and others.
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