The global cinnamon bark market was valued at US$ 922.68 million in 2019 and is projected to reach US$ 1,689.39 million by 2027; it is expected to grow at a CAGR of 8.0 % during 2020–2027. The scope of this study involves understanding factors contributing to the growth of the market, estimating and forecasting revenues, conducting market share analysis, and spotting significant market players along with their key developments.
Cinnamon bark is mainly used to treat upset gastrointestinal tract, gasses, and diarrhea. Cinnamon bark is used for stimulating appetite; it is also effective against common cold and flu, menstrual cramps, and infections caused by parasitic worms and certain bacteria. Cinnamon bark has antioxidants, antifungal, and antibacterial properties that help fight against acne and skin blemishes. It improves the blood flow back to the skin and removes dead skin cells. It can also be used as a replacement of methylparaben, an emulsifying agent, in the production of cosmetic creams. Personal care products that contain cinnamon can help restrict the degradation of the product when it is exposed to common bacteria present in human body.
VARIOUS HEALTH BENEFITS ASSOCIATED WITH CINNAMON BARK TO INFLUENCE THE CINNAMON BARK MARKET GLOBALLY
Cinnamon bark is a type of aromatic bark obtained from Cinnamomum tree, which is known for its medicinal properties. For instance, it is mainly used to treat gastrointestinal upset, gas, and diarrhea. It is also effective for stimulating appetite, for infections caused by parasitic worms and bacteria, and for common cold, menstrual cramps, and flu. The oils found in cinnamon bark are believed to reduce spasms, reduce gas and stimulate the appetite. Cinnamon bark is primarily used as an aromatic condiment and flavoring additive in a wide variety of cuisines, sweet and savory dishes, snack foods, breakfast cereals, tea and traditional foods.
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The consumption of cinnamon bark products has been on the rise among health-conscious consumers as it provides various health benefits. Cinnamon consists of various antioxidants like polyphenols that basically help in protecting the body from oxidative damage, which is caused by free radicals. Inflammation is a very important aspect of the body as it helps to fights infections and also to repair tissue damage, but inflammations become a problem when it is chronic, and it is directed towards the body tissues. Cinnamon bark helps in this case as it contains anti-inflammatory properties. Cinnamon also helps in reducing heart diseases as it reduces the level of LDL cholesterol and triglycerides. Cinnamon bark is also used for health problems such as diarrhoea and gastrointestinal (GI) upset. Cinnamon bark is also used against the infections that have been caused by certain bacteria and parasitic worms, and also for the common cold and flu-like influenza. Cinnamon also has an anti-diabetic effect and lowers the level of blood sugar by several mechanisms. Cinnamon consists of cinnamaldehyde that helps to fight against various infections.
The COVID-19 outbreak was first reported in Wuhan, China in December 2019, and since then, it has spread at a rapid pace across the world. Imposition of extended lockdowns, restrictions on supply chain, manufacturing and travel activities owing to rising number of the COVID-19 cases have restricted supplies of food and beverages products. Consequently, the demand for cinnamon bark across the world has significantly declined over the last few months
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