Top Cinnamon Spice Exporting Countries in 2025: Global Market Size, Prices, and Trends

Leading Cinnamon Spice Exporters in 2025 The global cinnamon market is entering a period of steady, long-term growth, shaped by rising consumer interest in natural ingredients, functional spices, and clean-label products. Recent estimates from Straits Research show the market valued at USD 1.4 billion in 2024, with projections reaching USD 1.8 billion in 2025 and USD 2.52 billion by 2033, reflecting a consistent 3.08 percent CAGR. This upward trajectory highlights how cinnamon is evolving beyond a traditional kitchen staple to become a strategic ingredient across food, beverage, wellness, and personal care categories making it an increasingly important segment to watch in the global spice economy. Factors affecting the Cinnamon Market ”Spice” Price Fluctuations Over the last two years, global price movements have signaled a cooling cinnamon market, with wholesale prices sliding from a 2023 range of $1.52 to $5.80 per kg to $1.24 to $5.44 per kg in 2024, and narrowing further to $2.75 to $6.73 per kg in the most recent four-week window. Such fluctuations point to shifting supply–demand dynamics, where increased production or softer buying pressure can quickly lower price floors. Country-level data reinforces this pattern: India’s domestic wholesale price sat at 575 INR per kg in April 2025, while China’s import prices have remained notably stable, holding around $4.41 to $4.55 per kg across 2023–2024. These movements illustrate how price volatility shapes exporter margins, influences procurement strategies, and affects the competitiveness of different origins in the global cinnamon trade. Growing Consumer Preference for Natural Ingredients A 2025 survey highlights a pronounced consumer shift toward natural, clean-label personal care, directly benefiting cinnamon as a plant-derived ingredient. With 74 % of consumers valuing organic ingredients and 65 % demanding clear, transparent ingredient lists to avoid harmful chemicals, the market is moving decisively toward recognizable, naturally sourced components like cinnamon. Although trust in voluntary labels remains low with only 9 % of Americans and just 3% of older adults completely trust such claims, certified cinnamon offers brands a credible way to meet rising expectations. Coupled with the fact that health and product quality are the primary motivators for organic purchases, and 45 % of consumers (rising to 62 % among younger buyers) are willing to pay a premium for certified organic products, cinnamon is well-positioned to capture growing demand within the natural personal care segment. Burgeoning Spice Consumption Global spice consumption continues to climb, reaching 18 million tonnes in 2024 after hitting a peak of 19 million tonnes in 2023, reflecting a steady long-term growth rate of 4.7 percent annually between 2013 and 2024. FAOSTAT-compiled data had already shown consumption reaching 14,362 kilotons in 2021, with global per-capita intake at 1.82 kilograms. Country-level trends reinforce this momentum: India alone accounted for 7.2 million tonnes in 2024, representing 39 percent of global spice volume, supported by earlier per-capita consumption levels of 3.81 kilograms. Complementary datasets also show India rising from 2.87 kg (2014) to 3.41 kg (2022) and Thailand from 4.82 kg to 5.96 kg over the same period. Together, these figures underscore a resilient and expanding global appetite for spices across households and regions. Prominent Countries leading in cinnamon spice export In 2025, the global cinnamon export market is led by Vietnam (83,045 MT), followed by China (52,102 MT), Indonesia (45,000 MT), Sri Lanka (19,600 MT), the US (9,380 MT), the Netherlands (3,370 MT), and Germany (1,400 MT). Vietnam remains the world’s top exporter in value, despite ranking third in production, with its export value reaching USD 274.5 million in 2024 from 99,874 tons, marking an 11.7% increase in volume and 5.2% growth in value compared to 2023. Cinnamon cultivation in Vietnam has expanded dramatically, from 13,863 hectares in 2000 to 186,000 hectares in 2023, with Yen Bai and Lao Cai provinces accounting for the majority of production. Vietnam’s export markets are diverse, including India, China, Bangladesh, the US, the EU, and the Middle East. India remains the largest market at 35.9% of total export volume, followed by the US with a 9% increase in exports, and Bangladesh showing 42.5% growth in 2024, highlighting Vietnam’s central role in global cinnamon trade.