Cardamom oil is extracted from dried cardamom through the steam distillation procedure which is used in various application such as food processing, pharmaceutical, fragrance in soaps and perfumers etc. Cardamom oil market has been growing with increasing consumer awareness about health benefits of cardamom oil and its rising application in personal care products is also supporting the market growth. Increasing popularity of essential oil will boost cardamom oil sales and by 2021, cardamom oil sales will reach 4307 tons with CAGR of 6.74%. Guatemala is largest producer of cardamom oil and it is estimated that cardamom oil market will reach 1374 tons by the end of 2021. After Guatemala, India is the major producer of cardamom oil and is projected to grow at a CAGR of 7.99% during the forecasted period
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Cardamom oil is made from two genre of cardamom plants i.e. Elettaria and Amomum (Subulatum/ costatum). Elettaria is also known as true cardamom or green cardamom which is mostly grows in India and Guatemala whereas Amomum is known as black cardamom or java cardamom which is mainly found in China and India subcontinent. Depend upon these two types of cardamom plants (i.e. Elettaria and Amomum), cardamom oil is segmented in to Elettaria cardamom oil and Amomum subulatum cardamom oil. Elettaria cardamom oil has the major market share and holds more than 50% market share in 2016
The cardamom oil market is driven by factors including rising demand for natural flavoring and coloring agent in food. Increasing demand from various downstream markets including food and beverages, pharmaceuticals, personal care and home care product manufacturers is fueling cardamom oil market growth. Cardamom oil is majorly used in food and beverages and pharmaceuticals.
Major Key Players:
This report includes a study of strategies such as mergers and acquisitions, product launches by the major cardamom oil market players. It further includes product portfolios, developments of leading major players which includes
- Green Fields Oil Factory
- Shiv Sales Corporation
- Aromaaz Internationa
- Glaxosmithkline Plc
- IL Health & Beauty Natural Oils Co., Inc.
- Shaanxi Guanjie Technology Co., Ltd
- Natures Natural India
- Piping Rock Health Products Llc and
- Greenleaf Extractions Pvt Ltd
Rising popularity of cardamom oil uses in aromatherapy is changing the market dynamics of cardamom oil market. Manufacturers are using various promotional channels to increase awareness about health benefits of cardamom oil to increase customer base which are not aware of cardamom oil benefits.
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The global cardamom oil market is segmented into America and Asia Pacific along with rest of the world (RoW). Among this Asia Pacific region is dominating the cardamom oil market. In Asia Pacific region cardamom oil market is dominated by India, Indonesia, Nepal and Bhutan. After Asia pacific region Central America is the major producer of cardamom oil and this region is majorly dominated by Guatemala which is also a largest producer of cardamom in the world.
- Food and beverages Manufacturers
- Pharmaceutical Industry
- Cardamom Oil manufactures
- Personal care products manufacturers
- Sauces & Dips Manufacturers
- Traders, Importers and exporters
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- The global cardamom oil market is projected to USD 869 million by 2021.
- In 2016, Elettaria Cardamom Oil accounts for the highest share and grow at rate of 6.72%
- Cardamom oil is majorly used for food and beverages application and it accounts more than 40% market share in 2016
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