Market Outlook
Cassia is also called as Chinese cinnamon which is obtained fromthe evergreen tree of the cinnamomum cassia plant of the family Lauraceae. Thecinnamomum cassia plant consists of the aromatic bark which is widely used as aspice. 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 medicalsignificance and is widely used in Chinese medicines and Ayurveda. Cassia barkoil is also used in the manufacturing of fragrance products and for therapeuticuse. The health benefits associated with cassia bark includes properties suchas anti-diabetic, antiviral, antifungal, reduce cholesterol levels, controlblood pressure, and prevent neurological disorders and lower risk of cancer.The global market for Cassia cinnamon is growing rapidly as compared to othercinnamon spice type. Due to an increase in the use of cassia bark in variouspurposes, it is anticipated that the market is expected to grow over theforecast period.
Rising Awareness about Benefits of Cassia Bark
There is an increase in demand for use of cassia bark in variousfood and beverages products in various sweet and savory dishes. It is primarilyused in bakery products such as pancakes, cakes, puddings. It is also used infruit desserts primarily in apple and pears dessert, also used in chocolatedishes, spice creams, syrups, soups, drinks and alcoholic beverages. People aregrowing aware of cassia bark healthy attributes and so is expected to increaseits demand in food & beverage, pharmaceutical and cosmetics industry. Theconsumption of cassia bark is high in diabetic patients due to its varioushealth benefits and it also aids in digestive problems, gynecological issuesand respiratory illness. Cassia bark is rich in antioxidants and so isbeneficial for skin and heals acne, scars, skin tanning and keeps the skinmoisturized. Cosmetic manufacturers are using cassia bark in manufacturing offace mask, scrubs, peel off, and hair growth solutions.
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Cassia bark Market: Key Players
The key market players operating in cassiabark market Neosource Dry Cargo (Spice) Co., Ltd., Wulong CassiaManufacture Co., Ltd., Taiyuan Kunyize International Trading Co., Ltd.,Shandong Yummy Food Ingredients Co., Ltd., Qingdao Dong Xiang Run InternationalTrading Co., Ltd., Fangchenggang Lvkang Industry And Trading Co. Ltd., and NOWhealth group Inc.,
Cassia Bark MarketOpportunities
The cassia bark market is opportunistic for its applications infood and beverage, cosmetics and pharmaceutical industries. The manufacturersare focused to provide healthy product offerings by using cassia bark inbakery, confectionary, spice mix and others. The growing need for new flavorsin tea, coffee, cereal meals and others are expected to increase the demand ofcassia bark in the market. The manufacturers of cosmetics, skin care and haircare products are expected to come with new products utilizing the benefits ofcassia bark. Research and development related to health benefits of cassia barkis anticipated to lead new applications in medical field, providing anopportunity to pharmaceutical to grow in market.
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Regional Outlook
China, Indonesia, Vietnam, are major cassia bark producingcountries from Asia Pacific region and is expected to be dominant globally dueto its use for various purpose including food and beverages, personal careproducts and others. North America region is expected to have increase its useof cassia bark for developing new flavors in food and beverage industry as itis one of the popular spice in these region. The Europe market for cassia barkis expected to be opportunistic with its application in food and beverage andcosmetics industry.
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