Market
Overview:
Market Research
Future published a cooked research report on Global Cardamom Oil Market
which contains information from 2016 to 2022. Global cardamom oil market
is expected to grow at the CAGR of more than 6.74% from 2016 to 2022.
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information presented in more than 168 market data tables and figures in 114
pages of the project report. Go through the in-depth table of content (TOC)
& market synopsis on “Global Cardamom Oil Market information from 2016 to
2022"
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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 2016-2021.
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.
The Cardamom
Oil Industry 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.
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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
- Nelixia
- Green Fields Oil Factory
- Shiv Sales Corporation
- Aromaaz Internationa
- Glaxosmithkline Plc
- IL Health & Beauty Natural Oils Co., Inc.
- Aksuvital
- Shaanxi Guanjie Technology Co., Ltd
- Natures Natural India
- Piping Rock Health Products Llc
- 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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Research Report @ https://www.marketresearchfuture.com/statistical-reports/cardamom-oil-market-2246
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