Global Market Demand for Cinnamon
Cinnamon, known for its sweet-spicy flavor, enhances the taste of a wide range of foods, from vegetables and fruits to chocolate-based desserts and drinks. It is often used to balance the tartness of dishes like apple pie and is a key ingredient in flavoring confectionery, liquors, pharmaceuticals, and cosmetics. Additionally, cinnamon is believed to aid diabetics in sugar digestion. Due to its versatility, the demand for cinnamon has increased globally, leading to a rise in imports from South Africa. As a result, South African cinnamon exporters must cultivate the spice more efficiently to meet this growing demand.
Cinnamon is now widely used in cuisines around the world, and its applications extend beyond the food industry, reaching the pharmaceutical and cosmetics sectors as well. South Africa ranks among the top ten cinnamon exporters globally, with exports valued at $7.14 million per year. Since 2015, it has become one of the fastest-growing cinnamon exporters. In 2019, global cinnamon exports totaled US$692.4 million. South Africa exports cinnamon to several countries, including the USA, Canada, Australia, the UK, and New Zealand.
Specification
Product Name Cinnamon
Origin Native to Ceylon, Sri Lanka
Family Laurels
Binomial name Cinnamomum verum