Cinnamon bark oil is extracted from the inner bark of cinnamon tree through steam distillation. It has a sweet and warm aroma and is commonly used as a flavoring agent in foods, beverages, personal care products and therapeutic products. Cinnamon bark oil possesses antioxidant, anti-inflammatory and antimicrobial properties that help in boosting immunity and smoothing digestive processes. The demand for cinnamon bark oil is growing in the food industry for flavoring bakery products, spices, sweets and beverages. In personal care industry, its antimicrobial properties make it useful ingredient in formulations of soaps, lotions and massage oils.

The Global Cinnamon Bark Oil Market Size is estimated to be valued at US$ 119.6 million in 2024 and is expected to exhibit a CAGR of 3.6% over the forecast period of 2024-2031.

Key Takeaways

Key players operating in the cinnamon bark oil market are Living Essential Oils, Mountain Rose Herbs, Eden Botanicals, The Plant Guru, Mountain rose herbs and Among Others. These companies have wide distribution channels that help them strengthen market presence.

The global demand for cinnamon bark oil is increasing due to growing awareness about health benefits of natural extracts. Its immunity boosting, antioxidant and antimicrobial properties make it popular ingredient for use in functional foods, dietary supplements and personal care products.

Ongoing technological advancements focus on developing standardization techniques to ensure consistent quality of cinnamon oil. New extraction techniques like supercritical fluid extraction are helping manufacturers reduce solvent residue in final products.

Market Trends

Increased Online Sales - During pandemic, sales of essential oils increased significantly through e-commerce platforms. Major players are focusing on strengthening their online presence through company owned websites and marketplaces.

Rising Demand from Developing Nations - Developing countries of Asia Pacific and Latin America are expected to drive higher demand as consumers become more health conscious. Economic growth will boost spending on wellness products containing cinnamon bark oil.

Market Opportunities

Personal Care and Cosmetic Products - Skin care brands targeting consumers with natural labels can capitalize on antimicrobial benefits of cinnamon bark oil for producing soaps, lotions and massage oils.

Therapeutic Products - Cinnamon bark oil can be further explored for its anti-inflammatory applications in pain relief creams, massage oils and aromatic therapies. Its immunity boosting properties open new avenues in therapeutic essential oils.

Impact of COVID-19 on Cinnamon Bark Oil Market Growth

The COVID-19 pandemic has significantly impacted the growth of the cinnamon bark oil market. During the initial period of the pandemic, production and supply chain disruptions caused a decline in market growth. Many cinnamon producing countries imposed lockdowns and travel restrictions which obstructed transportation and logistics. Demand from essential oil product manufacturers also reduced initially due to closure of industries. However, as the pandemic prolonged, demand for cinnamon bark oil increased remarkably from the personal care and pharmaceutical sectors.

With rising health consciousness, consumers started using cinnamon oil for its antibacterial and immunity-boosting properties. Various research studies demonstrated that cinnamon bark oil has antiviral activities and can be effective against viruses like SARS-CoV-2. It was widely used in sanitizers, disinfectants, air fresheners and cleaners. Cinnamon extracts found applications in cold, cough and fever formulations. Rising demand for natural immunity boosters during the COVID-19 period led to increased consumption of cinnamon bark oil globally. Several new product launches in oral health, skin care and aromatherapy categories contributed to market growth.

Going forward, demand from pharmaceutical formulations, clinical trials and research development is expected to drive the cinnamon bark oil market. Manufacturers will focus on leveraging antiviral properties of cinnamon oil to develop therapeutic products. Adoption of advanced extraction technologies, investments in sustainable farming and distribution infrastructure will help boost production quantities in the post-pandemic period. Widespread popularity and diversified use of cinnamon essential oil across various end-use industries ensures long term market prospects despite challenges posed by COVID-19.

Europe Cinnamon Bark Oil Market

Europe has emerged as the leading regional market for cinnamon bark oil in terms of value, accounting for over 30% share globally. Countries like Germany, United Kingdom, France and Italy have witnessed rising consumption owing to well-established personal care and food industries. Growth of natural and organic product segments have propelled the demand for cinnamon extracts from cosmetics and flavours fragrance manufacturers. Changing lifestyle, increasing health awareness and large research development investments are other major factors driving the European cinnamon bark oil market. Standardization of production practices and certification of organic oils have also boosted producer confidence. With high disposable incomes, European consumers are willing to pay premium prices for natural wellness products containing cinnamon oil. Strong distribution networks across the region ensure steady supply chains.

South Asia Cinnamon Bark Oil Market

The South Asia region dominated by India and Sri Lanka is regarded as the fastest growing market for cinnamon bark oil globally. Abundant availability of raw materials and favorable climatic conditions allow large-scale cinnamon cultivation at lower costs. Indiaaccounts for over 70% of the global cinnamon production and focuses on value addition via oil extraction. Presence of small and medium processors facilitates swift scale-up and product customization. Export promotion initiatives by governments and technology transfers have enhanced distillation capacities. Rising incomes and health awareness and growing demand from food, personal care and therapeutic segments in emerging South Asian economies are propelling market growth. Strong flavour profile makes cinnamon bark oil a popular active ingredient in local herbal formulations as well.

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?

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Q.7 What does a business area’s assessment of agreements, income, and value implicate?

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