by Cinnamon bark oil is extracted from the inner bark of cinnamon and has been traditionally used as a common cooking spice and herbal medicine. It has a warm, spicy and woody scent and provides aromatic qualities in foods. The oil is known to have anti-inflammatory, antibacterial, antifungal and antioxidant properties that help boost immunity and digestive health. Cinnamon bark oil is increasingly being used in aromatherapy, massage oils and perfume industries owing to its soothing and stimulating qualities.
The Global Cinnamon Bark Oil Market Size is estimated to be valued at US$ 119.6 Mn in 2024 and is expected to exhibit a CAGR of 3.6% over the forecast period 2024-2031.
Key Takeaways
Key players operating in the cinnamon bark oil are Living Essential Oils, Mountain Rose Herbs, Eden Botanicals, The Plant Guru, Mountain rose herbs and Among Others. Cinnamon bark oil provides various health benefits and is a natural preservative and antibacterial agent, which is driving its use in various industries like food, personal care and therapeutics. The market players are focusing on geographical expansion strategies across Asia Pacific, North America, Europe and Latin America to tap the potential benefits of growing aromatherapy and natural cosmetic industries.
Market Drivers
The wide range of therapeutic and health benefits of cinnamon bark oil is a major driver of this market. Its anti-inflammatory, antioxidant and antibacterial properties help in reducing symptoms of diseases like diabetes, heart diseases, arthritis and digestive issues. Increasing consumer preference for natural and herbal products is further supporting the demand for cinnamon bark oil in various wellness applications.
PEST Analysis
Political: Cinnamon bark oil production and trade are regulated by various environment and agricultural policies of producing regions. Any changes in such policies can impact the supply of cinnamon bark oil.
Economic: Global economic growth drives the demand for health and wellness products containing cinnamon bark oil as an ingredient. Recession can negatively impact the sale of end-use products using cinnamon bark oil.
Social: Increasing health awareness among consumers is driving the demand for natural ingredients like cinnamon bark oil used in foods, beverages, personal care and therapeutic products. The growth in use of natural products is benefiting the cinnamon bark oil market.
Technological: Advanced extraction technologies are helping upgrade the quality and yield of cinnamon bark oil. Use of high-pressure processing and improved solvents allow for more effective extraction of volatile compounds from cinnamon bark.
The cinnamon bark oil market in terms of value is concentrated in North America and Europe. Both regions have established personal care, food and beverage industries where cinnamon bark oil finds extensive application due to its numerous therapeutic properties and pleasant aroma.
The cinnamon bark oil market in Asia Pacific region is growing at the fastest pace on account of rising health awareness, industrialization and adoption of natural ingredients across industries in countries like China, India and Indonesia which are also the major producers of cinnamon globally.
What Are The Key Data Covered In This Cinnamon Bark Oil Market Report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the Cinnamon Bark Oil Market’s growth between 2024 and 2031.
:- Accurate calculation of the size of the Cinnamon Bark Oil Market and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behaviour
:- Cinnamon Bark Oil Market Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market’s competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of Cinnamon Bark Oil Market vendors
FAQ’S
Q.1 What are the main factors influencing the Cinnamon Bark Oil market?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top Cinnamon Bark Oil Market companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the Cinnamon Bark Oil market’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
