The partial replacement of nitrite by Cinnamomum zeylanicum essential oil (CZEO) and its antioxidant effect were evaluated by two standard methods (peroxide and thiobarbituric acid reactive substances, TBARS, values). Also, samples' color stability was evaluated by L*, a* and b* values, Hue angle and ΔE(2–30). The antimicrobial properties of the essential oil were assessed against Escherichia coli (MICs and MBCs, 0.130 and 0.259 mg/mL) and Clostridium perfringens (MICs and MBCs, 0.453 and 0.906 mg/mL) bacteria. The results showed that samples with 20 and 40 ppm of the essential oil had lower peroxide and TBARS values than the control (P < 0.05). ΔE(2–30) of samples with 40 and 60 ppm replacement were significantly lower than control sample. The sensory scores showed no significant difference between sample containing CZEO and control.