Market Overview

As per the Market Research Future (MRFR) analysis, the global cardamom oil market is estimated to reach 869 USD million, with a CAGR of around 8.31% from 2016 to 2021 (forecast period). The report examines the effect of the COVID-19 pandemic on the global cardamom oil market and offers a concise estimation of the predicted volatility of demand during the forecast period.

Cardamom oil is extracted from dried cardamom using a steam distillation procedure used in different applications such as food processing, pharmaceuticals, fragrances in soaps and perfumes, etc. Cardamom oil extract contains various basic components such as pinene, methyl eugenol, sabinene, geraniol, myrcene, nerol, linalyl acetate, phellandrene, citronellol, linalool, limonene, a-terpineol acetate, 1, 8-cineole, terpineol, a-terpineol, p-cymene, terpinene-4-oil, terpinolene, and trans-nerolidol. There is a significant increase in demand for cardamom oil due to its various health, skin, and hair benefits. It is commonly used in aromatherapy.

Competitive Analysis:
The prominent market players identified by MRFR in the global cardamom oil market are Nelixia, IL Health & Beauty Natural Oils Co., Inc., Green Fields Oil Factory, Aromaaz Internationa, Aksuvital, Shaanxi Guanjie Technology Co., Ltd, Shiv Sales Corporation, Natures Natural India, Piping Rock Health Products Llc, and Greenleaf Extractions Pvt Ltd

Market Dynamics

Condiments are a source of flavor enhancement in any food item, which is a major driver of market growth. The acceptance of cross-cultural eating habits also boosts the growth of the market. Increasing demand for convenient food products has also led to the growth of the condiment market in order to enhance the organoleptic properties of food products. Furthermore, the inclination towards organic condiments among the health-conscious population has paved the way for condiment manufacturers. In addition, a growing health-conscious population is driving key players to focus on a new range of condiment items with health claims

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Market Segmentation

The global market for cardamom oil market has been segmented by type, applications, and distribution channels.

By type, the global market for cardamom oil market has been segmented into Elettaria cardamom oil and Amomum cardamom oil. Elettaria cardamom is also known as true cardamom or green cardamom. Amomum cardamom is known as Kravan or black cardamom which is broadly used in cooking

By application, the global market for cardamom oil market has been segmented into food and beverages, cosmetics and personal care, pharmaceutical, and others. The pharmaceutical segments are expected to have potential market share in terms of value, followed by the cosmetic and personal care segment. The pharmaceutical application of cardamom oil is growing faster than other applications with CAGR of 6.8%.

By distribution, the global market for cardamom oil market has been segmented into direct and indirect sales channels. Indirect sales are further sub-segmented into modern trade, departmental store, E-Commerce, specialty stores, drug stores, and others.



Regional Analysis

Regionally, the global market for cardamom oil market has been segmented into North America, Asia Pacific, Europe, and the Middle East & Africa.

The Asia Pacific is projected to dominate the cardamom oil market as it is the largest producer of cardamom, as well as the health and personal care benefits of cardamom oil will boost its demand in the near future. In the Asia Pacific region, India and its neighbouring countries are projected to be one of the primary consumers of cardamom oil.

Cardamom oil is one of the best flavoring agents, growing demand for cardamom oil in the bakery, and other culinary items are expected to improve the cardamom oil market in North America and Europe.

Its use in aromatherapy is growing, and other such properties will boost the growth of the market for cardamom oil in the Middle East and Africa.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details