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Cardamom Oil Market Import | Export Outlook and Global Foresight 2022

06-11-2018 01:49 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Research Future

/ PR Agency: Market Research Future
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. The cardamom oil extract is comprises various essential components like pinene, methyl eugenol, sabinene, geraniol, linalyl acetate, myrcene, nerol, phellandrene, citronellol, linalool, limonene, a-terpineol acetate, 1, 8-cineole, terpinene, a-terpineol, p-cymene, terpinen-4-oil, terpinolene, and trans-nerolidol. The demand for cardamom oil is significantly increasing due to its numerous benefits for health, skin, and hair. It is finds wide application in aromatherapy.

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 4,307 tons with CAGR of 6.74%.Gautemala is largest producer of cardamom oil and it is estimated that cardamom oil market will grow at a CAGR of 6.02% during the period 2016-2021. After Guatemala, India is the major producer of cardamom oil is projected to grow at a CAGR of 7.99% during the same period.
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 contributing more than 50% market share with 346 USD Million market value in 2016.
The cardamom oil market is driven by factors including rising demand for natural flavoring and coloring agent in food. Increase in demand from various downstream markets including food and beverages, pharmaceuticals, personal care and home care product manufacturers is fueling cardamom oil market growth.. Pharmaceutical application of cardamom oil is growing faster than other application with CAGR of 6.8%.

Key Players
The leading market players in the Global Cardamom Oil Market primarily are Nelixia, Green Fields Oil Factory, Shiv Sales Corporation, Aromaaz Internationa, IL Health & Beauty Natural Oils Co., Inc., Aksuvital, Shaanxi Guanjie Technology Co., Ltd, Natures Natural India, Piping Rock Health Products Llc and Greenleaf Extractions Pvt Ltd

Study Objectives of Cardamom Oil Market:
Detailed analysis for individual micro and macro markets for cardamom oil
To estimate market size by type, by application and region
To understand the supply and demand dynamics of cardamom oil
To provide region level market analysis and outlook for U.S., Europe, China, Japan, and South-East Asia
Company profiling of major players & competitive positioning for the cardamom oil market
Value chain analysis and supply chain analysis of cardamom oil
Analysis of historical market trends, and technologies, and current government regulatory requirements related to cardamom oil market

Target Audience
Food and beverages Manufacturers
Pharmaceutical Industry
Cardamom Oil manufactures
Personal care products manufacturers
Sauces & Dips Manufacturers
Traders, Importers and exporters

Key Findings
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

Regional and Country Analysis of Cardamom Oil Market:
As per the MRFR analysis, the Global Cardamom Oil market is poised to reach 869 USD Million in 2021, to grow at a CAGR of around 8.31% during the forecasted period.

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