The Global Cinnamon Oil Market was valued at USD 107 Million in 2024 and is projected to reach USD 139 Million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 3.9% during the forecast period (2025–2032). This steady growth is primarily driven by increasing consumer preference for natural ingredients in food & beverage applications, expanding demand in aromatherapy and personal care, and rising awareness of cinnamon oil’s health benefits.

As the natural products industry continues its expansion, the focus shifts to the key producers and suppliers who are mastering the art of extracting and distributing this versatile essential oil. In this blog, we profile the Top 10 Companies in the Cinnamon Oil Industry—a mix of established producers, vertically integrated cooperatives, and innovative processors shaping the supply of this aromatic commodity.

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🔟 1. Cassia Co-op

Headquarters: Guangxi, China
Key Offering: Cinnamon Bark Oil, Cinnamon Leaf Oil

Cassia Co-op is one of the largest and most established cinnamon oil producers in China, leveraging a cooperative model that integrates numerous smallholder farmers. This structure ensures a consistent and substantial supply of raw cinnamon bark, which is critical for maintaining their dominant market position. Their primary products include high-cinnamaldehyde bark oil, favored by the food and fragrance industries, and cost-effective leaf oil for industrial applications.

Sustainability & Innovation Initiatives:

• Direct partnerships with over 5,000 local farming families

• Investment in steam distillation technology to improve oil yield and purity

• Pursuing organic certification for select product lines to access premium markets

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9️⃣ 2. Guangxi Jinggui

Headquarters: Guangxi, China
Key Offering: Pharmaceutical-Grade Cinnamon Oil, Food-Grade Cinnamon Oil

Guangxi Jinggui operates as a major processor and exporter, capitalizing on Guangxi’s status as a leading cinnamon cultivation region. The company has built a reputation for quality control, offering oils with specific cinnamaldehyde concentrations tailored to client needs. Their strategic location near major ports facilitates efficient export to European and North American markets.

Sustainability & Innovation Initiatives:

• Implementation of GC-MS testing for every production batch to guarantee purity

• Development of customized oil blends for specific industrial applications

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8️⃣ 3. PT Mitra Ayu Adi Pratama

Headquarters: Jakarta, Indonesia
Key Offering: Indonesian Cinnamon Bark Oil (Korintje), Organic Cinnamon Oil

PT Mitra Ayu Adi Pratama is a key player from Indonesia, which holds the largest share of the global cinnamon oil market. The company specializes in Korintje cinnamon oil, known for its warm, sweet aroma, which is highly prized in the flavor and fragrance industry. They have developed strong export channels to the Middle East and Europe.

Sustainability & Innovation Initiatives:

• Sustainable harvesting practices in partnership with local communities in Sumatra

• Investment in vacuum distillation units to preserve the oil’s delicate aromatic compounds

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7️⃣ 4. Guangxi Pengbo

Headquarters: Guangxi, China
Key Offering: Cinnamon Bark Oil, Cinnamon Powder, Raw Cinnamon Sticks

Guangxi Pengbo benefits from a vertically integrated operation that spans from cinnamon cultivation to final oil extraction and packaging. This control over the entire supply chain allows them to manage costs effectively and ensure traceability, which is increasingly demanded by international buyers concerned with ethical sourcing.

Sustainability & Innovation Initiatives:

• Ownership of significant cinnamon plantations, ensuring raw material security

• Development of value-added products like cinnamon oleoresin for the pharmaceutical sector

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Cinnamon Oil Market – View in Detailed Research Report

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6️⃣ 5. Rongxian Ruifeng

Headquarters: Guangxi, China
Key Offering: Cinnamon Leaf Oil, Industrial-Grade Cinnamon Oil

Rongxian Ruifeng has carved a niche as a high-volume producer of cinnamon leaf oil, which is more economical than bark oil and suitable for applications where cost is a primary factor, such as in household cleaning products and low-end cosmetics. Their competitive pricing makes them a key supplier for bulk industrial users.

Sustainability & Innovation Initiatives:

• Focus on utilizing cinnamon leaves, a by-product of bark harvesting, promoting waste reduction

• Streamlined logistics for large-volume orders

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5️⃣ 6. Nature’s Agro Products Lanka

Headquarters: Colombo, Sri Lanka
Key Offering: Ceylon Cinnamon Oil (Cinnamomum Verum), Organic Certified Oil

Nature’s Agro Products Lanka specializes in producing true cinnamon oil, also known as Ceylon cinnamon oil (from *Cinnamomum verum*), which is considered superior in quality to the more common Cassia variety. Ceylon cinnamon oil has a lighter, more complex flavor and contains lower levels of coumarin, making it preferable for certain health-conscious and premium markets.

Sustainability & Innovation Initiatives:

• Commitment to producing coumarin-free cinnamon oil for the European market

• Fair-trade certifications and direct engagement with Sri Lankan cinnamon peelers

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4️⃣ 7. Tung Lam

Headquarters: Hanoi, Vietnam
Key Offering: Vietnamese Cinnamon Oil (Saigon Cinnamon), Cinnamon Extract

Tung Lam is a prominent Vietnamese exporter known for Saigon cinnamon oil, which has a high volatile oil content and strong, spicy aroma. Vietnam has emerged as a competitive source for cinnamon, and Tung Lam has effectively leveraged this to build a strong export business, particularly to the United States and Japan.

Sustainability & Innovation Initiatives:

• Investment in modern extraction facilities to meet international quality standards

• Development of liquid and powdered cinnamon extracts for the food industry

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3️⃣ 8. Agrideco Vietnam

Headquarters: Ho Chi Minh City, Vietnam
Key Offering: Cinnamon Bark Oil, Cassia Oil

Agrideco Vietnam has grown rapidly by focusing on the European market, where demand for natural flavorings is robust. They have built a reputation for reliability and consistent quality, making them a preferred supplier for several European food and beverage companies. Their strategic focus on stringent quality control aligns well with EU regulatory requirements.

Sustainability & Innovation Initiatives:

• Adoption of sustainable agriculture practices in their sourcing regions

• Active pursuit of certifications like ISO and HACCP to build buyer confidence

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2️⃣ 9. Guangxi Gengyuan

Headquarters: Guangxi, China
Key Offering: Cinnamon Oil, Ginger Oil, Other Essential Oils

Guangxi Gengyuan operates as a diversified essential oil company, with cinnamon oil being one of its flagship products. Their broad portfolio allows them to offer bundled solutions to buyers seeking multiple essential oils, providing a one-stop-shop advantage. This diversification also helps them mitigate risks associated with price fluctuations in any single commodity.

Sustainability & Innovation Initiatives:

• Research into synergistic blends of cinnamon oil with other essential oils for enhanced functionality

• Expansion of product lines to include organic and therapeutic-grade oils

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1️⃣ 10. Dong Duong

Headquarters: Vietnam
Key Offering: Cinnamon Oil, Spice Oleoresins

Dong Duong completes the top ten list as a significant processor and exporter of Vietnamese cinnamon oil. The company focuses on maintaining competitive pricing while adhering to the quality parameters required by its international clientele. They have been successful in penetrating markets in Asia and the Middle East.

Sustainability & Innovation Initiatives:

• Focus on efficient processing to offer cost-competitive products

• Exploring new market opportunities in the halal food and cosmetics sectors

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Cinnamon Oil Market – View in Detailed Research Report

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🌍 Outlook: The Future of Cinnamon Oil Is Natural and Niche-Driven

The cinnamon oil market is experiencing a gradual but significant transformation. While traditional food and fragrance applications continue to drive volume, the industry is witnessing increased investment in sustainable sourcing, organic certification, and value-added formulations for high-growth sectors like nutraceuticals and natural cosmetics.

📈 Key Trends Shaping the Market:

• Rising demand for certified organic and sustainably sourced cinnamon oil in North America and Europe

• Growing application in functional foods and dietary supplements due to perceived health benefits

• Increasing product differentiation between Cinnamomum verum (Ceylon) and Cinnamomum cassia oils based on coumarin content and flavor profile

• Expansion of e-commerce platforms facilitating direct access for smaller buyers and artisans

Get Full Report Here:
Cinnamon Oil Market – View in Detailed Research Report

The companies listed above are not only supplying a globally cherished ingredient—they are actively adapting to meet the demands of a market that increasingly values purity, sustainability, and traceability.