Cardamom is commonly found in the Asia Pacific, North Americaand Middle East regions. It is well-known among the spices in cooking for itsfascinating flavor. The oil of cardamom is extracted from dried seeds ofcardamom through hydro distillation process which is furthercar used forvariety of applications. The Cardamom Oil extract comprises of variousEssential Components like Pinene, 8-Cineole, A-Terpineol Acetate, Limonene,Terpinen-4-Oil, Linalyl Acetate, Myrcene, Nerol, Phellandrene, Citronellol, Linalool,Sabinene, Trans-Nerolidol and others. Increasing applications in personal careproducts is serving the market growth. Cardamom oil possess the beneficialproperties such as antiseptic, boosts digestion, used in aromatherapy,antimicrobial, aids proper digestion and relives muscle spasms. Theseproperties are expected to boost the demand for cardamomoil market during the forecast period.
Segmentation:-
The globalcardamom oil market is segmented by type, by applications, and by distributionchannels. Cardamom oil market by type is segmented into Amomum cardamom oil andElettaria cardamom oil. Elettaria cardamom is also known as green cardamom ortrue cardamom. Amomum cardamom is known as Kravan or black cardamom which isextensively used in cooking. By grade cardamom oil market is segmented intomedical grade, cosmetic grade and food grade. By application cardamom oilmarket is segmented into Food and Beverages, Cosmetics and Personal care,pharmaceutical and others. Among all the segment pharmaceutical segment isexpected to have potential market share in terms of value followed by cosmeticand personal care segment. By distribution the cardamom oil market is segmentedinto Direct and indirect sales channels. Indirect sales is further subsegmented into modern trade, departmental store, E-Commerce, Specialty Store,drug stores and others.
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Global Market Drivers and Restraints:-
Risingdemand of cardamom oil in the healthcare and pharmaceutical industries due toantibacterial properties which can be used in medicines related to musclestreatment is expected to boost the market. Increasing use of cardamom oil infood, medicine and cosmetics is further expected to bolster the market growth.Cardamom oil is also finding its application in aromatherapy and in other useslike air fresheners will grow the demand of the product in market. Encouragingdemand for natural flavoring and coloring agent is also expected to increasethe cardamom oil market. Increasing metropolitan population, increasing healthawareness and changing lifestyle are some key factors driving the demand forcardamom oil in the global market as these days consumers are more conscioustowards products containing natural ingredient and offers various healthbenefits.
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Regional Outlook:-
Asia Pacificis anticipated to be dominating in the cardamom oil market as they are thelargest cardamom producer as well accounting the health and personal careadvantages of the cardamom oil will increase its demand in the near future. InAsia Pacific region, India and its neighboring countries is expected to be oneof the major consumer to for cardamom oil. In terms of the production LatinAmerica is the largest producer of cardamom across the globe followed by AsiaPacific region. Cardamom oil is one of the best flavoring agent thus increasingdemand for cardamom oil in bakery, and other culinary products is expected toboost the cardamom oil market in North America and Europe. Its use inaromatherapy is increasing and other such properties will robust the growth ofcardamom oil market in Middle East and Africa.
Key Players:-
Some ofthe major key players of the cardamom oil market are doTERRA International LLC,Shiv Sales Corporation, Green Fields Oil Factory, Elettaria, Shaanix GuanjieTechnology, Aromaaz International and Nelixia.
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