Top 10 Companies in the Cinnamon Oil Market (2026): Market Leaders Driving Global Growth

MARKET INSIGHTS

The global cinnamon oil market size was valued at USD 107 million in 2024. The market is projected to grow from USD 111 million in 2025 to USD 139 million by 2032, exhibiting a CAGR of 3.9% during the forecast period.

Cinnamon oil is an essential oil extracted from the leaves or bark of the Cinnamomum verum tree, primarily used in food & beverage, cosmetics, and chemical applications. The oil contains cinnamaldehyde as its main active compound, which gives it distinctive aromatic and medicinal properties. Market demand is segmented into cinnamon leaf oil and cinnamon bark oil, with varying concentrations of bioactive components.

Geographically, Indonesia dominates the market with a 38% share, followed by China at 33%, due to favorable cultivation conditions and established trade networks. While growth remains steady, the market faces challenges from price volatility in raw materials and competition from synthetic alternatives. However, increasing consumer preference for natural ingredients in personal care products and rising demand for organic food flavorings are expected to sustain market expansion. Key players like Cassia Co-op, Guangxi Jinggui, and PT Mitra Ayu Adi Pratama collectively hold around 25% market share, focusing on production capacity expansions and sustainable sourcing practices.

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🔟 1. Cassia Co-op

Headquarters: China
Key Offering: Cinnamon Bark Oil, Cinnamon Leaf Oil, Bulk Essential Oil

Cassia Co-op has built a robust supply chain across China and Southeast Asia, enabling high-volume production of both bark and leaf oil. The company leverages vertical integration from plantation to distillation, ensuring consistent cinnamaldehyde levels and reduced cost of goods.

Sustainability Initiatives:

• Adoption of solar-powered distillation units to cut energy consumption by 15%
• Implementation of traceability blockchain for raw‑material sourcing
• Partnerships with local farmers for organic certification

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9️⃣ 2. Guangxi Jinggui

Headquarters: China
Key Offering: Cinnamon Bark Oil, Cosmetic Grade Cinnamon Oil

Guangxi Jinggui specializes in high‑purity cinnamon oil for cosmetics and aromatherapy, with a strong export presence in Europe and North America. The company has invested in advanced steam‑distillation technology to enhance yield and purity.

Sustainability Initiatives:

• Carbon neutrality target by 2030 for all manufacturing sites
• Water recycling systems reducing consumption by 20%
• Support for local reforestation projects in Guangxi

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8️⃣ 3. Guangxi Pengbo

Headquarters: China
Key Offering: Cinnamon Leaf Oil, Food‑Grade Cinnamon Extract

Guangxi Pengbo focuses on leaf oil, supplying the food flavoring industry with a lower‑cost, high‑volume product. The company maintains strict quality controls to meet international food safety standards.

Sustainability Initiatives:

• Organic certification for 30% of production capacity
• Waste‑to‑energy conversion of spent plant material
• Employee training on sustainable harvesting practices

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7️⃣ 4. Rongxian Ruifeng

Headquarters: China
Key Offering: Cinnamon Bark Oil, Cosmetic & Personal Care Ingredients

Rongxian Ruifeng supplies premium cinnamon oil to high‑end cosmetic brands, emphasizing purity and aromatic profile. The company has expanded distillation capacity to meet growing demand from the luxury segment.

Sustainability Initiatives:

• Zero‑waste policy in distillation processes
• Investment in biodegradable packaging
• Certification under ISO 14001

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6️⃣ 5. PT Mitra Ayu Adi Pratama

Headquarters: Indonesia
Key Offering: Cinnamon Bark Oil, Pharmaceutical‑Grade Cinnamon Extract

PT Mitra Ayu Adi Pratama has strengthened its position through strategic investments in distillation technologies, enabling higher yield efficiencies. The company serves both local and international markets, with a focus on pharmaceutical and nutraceutical applications.

Sustainability Initiatives:

• Vertical integration with plantation farms in Kalimantan
• Adoption of low‑energy distillation equipment
• Participation in the Indonesian Green Industry Program

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5️⃣ 6. Tung Lam

Headquarters: Vietnam
Key Offering: Cinnamon Bark Oil, Organic‑Certified Cinnamon Oil

Tung Lam recently introduced an organic‑certified line to cater to the premium personal care segment. The company sources raw material from certified farms in Northern Vietnam and uses eco‑friendly extraction methods.

Sustainability Initiatives:

• Organic certification for 100% of production
• Implementation of renewable energy for processing plants
• Community development programs for local farmers

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4️⃣ 7. Dong Duong

Headquarters: Vietnam
Key Offering: Cinnamon Bark Oil, Bulk Essential Oil for Industrial Use

Dong Duong supplies cinnamon oil primarily to the chemical and fragrance industries, focusing on cost‑effective production while maintaining acceptable purity levels.

Sustainability Initiatives:

• Energy efficiency upgrades reducing CO₂ emissions by 10%
• Recycling of spent distillation waste into bio‑fuel
• Compliance with Vietnamese Environmental Protection Standards

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3️⃣ 8. Nature’s Agro Products Lanka

Headquarters: Sri Lanka
Key Offering: Cinnamon Bark Oil, High‑Cinnamaldehyde Cinnamon Extract

Nature’s Agro Products Lanka has expanded cultivation areas in Sri Lanka to capitalize on growing demand for high‑cinnamaldehyde variants in the food flavoring sector. The company emphasizes sustainable farming and strict quality controls.

Sustainability Initiatives:

• Certification under Sri Lankan Organic Agriculture Standards
• Water‑conservation irrigation systems
• Community empowerment through farmer cooperatives

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2️⃣ 9. Guangxi Gengyuan

Headquarters: China
Key Offering: Cinnamon Bark Oil, Bulk Cinnamon Oil for Industrial Applications

Guangxi Gengyuan focuses on large‑scale production for the chemical and fragrance industries, offering competitive pricing and reliable supply.

Sustainability Initiatives:

• Implementation of waste‑to‑energy plants
• Use of renewable electricity for distillation units
• Compliance with ISO 9001 quality management

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1️⃣ 10. Agrideco Vietnam

Headquarters: Vietnam
Key Offering: Cinnamon Bark Oil, Eco‑Friendly Cinnamon Oil for Cosmetic & Food Markets

Agrideco Vietnam offers competitively priced cinnamon bark oil variants preferred by European buyers. The company has adopted eco‑friendly extraction techniques and focuses on sustainable sourcing.

Sustainability Initiatives:

• Organic certification for 25% of production
• Solar power integration in processing facilities
• Support for local reforestation projects

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Outlook: The Future of Cinnamon Oil Market

The cinnamon oil market is poised for steady growth, driven by increasing demand in food & beverage, cosmetics, and emerging pharmaceutical applications. Key growth drivers include the shift toward natural ingredients, rising functional food trends, and the expansion of organic and premium essential oil segments. The market is expected to maintain a CAGR of 3.9% from 2025 to 2032, with notable growth in Asia‑Pacific and expanding opportunities in North America and Europe.

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Future Trends

• Expansion of organic cinnamon oil production and certification programs.
• Growth of pharmaceutical‑grade cinnamon oil for diabetes and antimicrobial therapies.
• Adoption of microencapsulation and nano‑delivery technologies to enhance product stability.
• Increased e‑commerce penetration, especially for small‑scale producers and specialty retail channels.
• Greater focus on sustainability, ESG compliance, and transparent supply chains.