Cassia is also called as Chinese cinnamon which is obtained from the evergreen tree of the cinnamomum cassia plant of the family Lauraceae. The cinnamomum cassia plant consists of the aromatic bark which is widely used as a spice. It is used as a flavoring in cooking and beverages in liqueurs, chocolate drinks and other drinks. It is also used in bakery products, desserts, tea, coffee, and various Asian cuisines. Cassia bark has medical significance and is widely used in Chinese medicines and Ayurveda. Cassia bark oil is also used in the manufacturing of fragrance products and for therapeutic use. The health benefits associated with cassia bark includes properties such as anti-diabetic, antiviral, antifungal, reduce cholesterol levels, control blood pressure, and prevent neurological disorders and lower risk of cancer. The global market for Cassia cinnamon is growing rapidly as compared to other cinnamon spice type. Due to an increase in the use of cassia bark in various purposes, it is anticipated that the market is expected to grow over the forecast period.
Rising Awareness about Benefits of Cassia Bark
There is an increase in demand for use of cassia bark in various food and beverages products in various sweet and savory dishes. It is primarily used in bakery products such as pancakes, cakes, puddings. It is also used in fruit desserts primarily in apple and pears dessert, also used in chocolate dishes, spice creams, syrups, soups, drinks and alcoholic beverages. People are growing aware of cassia bark healthy attributes and so is expected to increase its demand in food & beverage, pharmaceutical and cosmetics industry. The consumption of cassia bark is high in diabetic patients due to its various health benefits and it also aids in digestive problems, gynecological issues and respiratory illness. Cassia bark is rich in antioxidants and so is beneficial for skin and heals acne, scars, skin tanning and keeps the skin moisturized. Cosmetic manufacturers are using cassia bark in manufacturing of face mask, scrubs, peel off, and hair growth solutions.
Cassia Bark Market Segmentation
On the basis of nature, the cassia bark market has been segmented as-
On the basis of type, the cassia bark market has been segmented as-
On the basis of end user, the cassia bark market has been segmented as –
- Food and Beverages
- Fragrance Industry
On the basis of application, the cassia bark market has been segmented as –
- Spice Mix
- Alcoholic Drinks
- Others (skin care products, hair care products, cosmetics, etc.)
On the basis of distribution channel, the cassia bark market has been segmented as-
- Hypermarkets/ Supermarkets
- Convenience Stores
- Specialty Stores
- Online Stores
Cassia bark Market: Key Players
The key market players operating in cassia bark market Neosource Dry Cargo (Spice) Co., Ltd., Wulong Cassia Manufacture Co., Ltd., Taiyuan Kunyize International Trading Co., Ltd., Shandong Yummy Food Ingredients Co., Ltd., Qingdao Dong Xiang Run International Trading Co., Ltd., Fangchenggang Lvkang Industry And Trading Co. Ltd., and NOW health group Inc.,
Cassia Bark Market Opportunities
The cassia bark market is opportunistic for its applications in food and beverage, cosmetics and pharmaceutical industries. The manufacturers are focused to provide healthy product offerings by using cassia bark in bakery, confectionary, spice mix and others. The growing need for new flavors in tea, coffee, cereal meals and others are expected to increase the demand of cassia bark in the market. The manufacturers of cosmetics, skin care and hair care products are expected to come with new products utilizing the benefits of cassia bark. Research and development related to health benefits of cassia bark is anticipated to lead new applications in medical field, providing an opportunity to pharmaceutical to grow in market.
China, Indonesia, Vietnam, are major cassia bark producing countries from Asia Pacific region and is expected to be dominant globally due to its use for various purpose including food and beverages, personal care products and others. North America region is expected to have increase its use of cassia bark for developing new flavors in food and beverage industry as it is one of the popular spice in these region. The Europe market for cassia bark is expected to be opportunistic with its application in food and beverage and cosmetics industry.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the cassia bark market, including but not limited to: regional markets, nature, type, end user, application and distribution channel.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The cassia bark market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the cassia bark market report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
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