Cardamom Oil Market Scope:

The global Cardamom Oil Market Size is poised to touch a value of USD 869 Million by 2027. It can exhibit a CAGR of 8.31 during the assessment period. Benefits of cardamom oil for skin and hair care is expected to drive the market demand. Awareness of cardamom oil and its application in aromatherapy can fuel market demand exponentially. The cardamom oil market volume can touch 4,307 tons by 2022 at a CAGR of 6.74% during the forecast period. Rising demand for natural flavoring and coloring agents in foods is bound to spell high sales for the cardamom oil market.

Cardamom oil is an essential oil extracted from the seeds of plants from the Elettaria and Amomum family. Cardamom is readily available in tropical and subtropical Asia. It is highly preferred and the third-most expensive spice. The global cardamom oil market report by Market Research Future (MRFR) contains details on pertinent trends, growth factors, and challenges to be faced by manufactures from 2017 to 2022 (forecast period).

The medicinal uses of cardamom oil which have muscle spasm relieving properties and stimulation of the digestive system can attract customers and drive market sales. The inclusion of the oil in foods to give it a sizzling taste can drive the market growth. High demand of cardamom in beverages due to the changing attitudes of consumers will drive the cardamom oil market. It is used in tea and other beverages. The personal care industry can also contribute to the market owing to the massive demand for skin care and hair care products.

Regional Analysis:

Guatemala, India, Indonesia, Nepal, and Bhutan are countries the prime focus of discussion in the global cardamom oil market.

Guatemala is the largest producer of cardamom oil and expects to exhibit a CAGR of 6.02% during the forecast period. This country is ideal for cultivating cardamom and making it a premier place for cardamom oil production. Although the country has to battle change in climatic conditions amid high demand globally.

India is the second biggest producer of cardamom oil after Guatemala and touted to display a CAGR of 7.99% during the assessment period.

Segmentations:

The global Cardamom Oil Market Overview is segmented by type and application.

By type, it is segmented into Elettaria and Amomum. The Elettaria segment is deemed to grow at 6.72% CAGR during the forecast period. This segment accouted for more than half of the market share in 2016 with a value of USD 346 million. Elettaria is known as green cardamom or true cardamom and grown in Guatemala and India. While the Amorum segment is expected a decent growth rate during the assessment period due to being grown in China and India.

By application, it is segmented into personal care products, home care products, pharmaceuticals, food & beverages, and others. Food & beverages application accounted for more than 40% share in 2016. It will dominate the market till the end of the forecast period due to heavy demand for unique concoctions and flavors. Pharmaceuticals can exhibit a CAGR of 5.51% during the forecast period due to its medicinal properties.

Competitive Outlook:

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

Related Reports:

Used Cooking Oil Market Research Report Information By Source (Food Manufacturers, HoReCa, Household and Others), By Application (Biodiesel, Oleochemical Products, Animal Feed, and Others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Forecast Till 2032

Globaler Forschungsbericht für Tomatenpulver nach Verfahren (heiße Pause und kalte Pause), Kategorie (biologisch und konventionell), Anwendung (Bäckerei und Süßwaren, Milch- und Tiefkühldesserts, Getränke, Säuglingsernährung, süße und herzhafte Snacks, Currys, Soßen und Suppen und andere) und Region (Nordamerika) , Europa, Asien-Pazifik und Rest der Welt) — Prognose bis 2027

リキュール市場調査レポート：種類別（フルーツ、コーヒー、チョコレート、ハーブ＆スパイス、クリーム＆クリーム、その他）、流通チャネル（フードサービスおよび小売（スーパーマーケット＆ハイパーマーケット、専門店など）、および地域（北米、ヨーロッパ、アジア太平洋、その他の地域）—2027年までの予報

About Market Research Future:

Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.

Our fast-emerging market research firm is armed with an adept research analysts’ team that focuses on gathering useful data and analytics in terms of economic and technological advances. Our proficient analysts conduct industrial visits in a bid to achieve reliable and accurate information from established market participants. One of our foremost objectives is to keep the client well-versed with all the lucrative opportunities as well as challenges surrounding various global markets. We offer step-by-step guidance to our clients, through consulting and strategic services, enabling them to arrive at a practical and effective decision.

Contact Us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street, 5Th Floor,

New York, New York 10013

United States of America

+1 628 258 0071

Email: [email protected]

 

Website: https://www.marketresearchfuture.com/