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Rising Applications in Pharmaceutical Industry to Produce Drugs Boosting the Cardamom Oil Market || Key Players: Greenleaf Extractions Pvt. Ltd., Biolandes and The Lebermuth Company.
The global cardamom oil is expected to reflect a CAGR of 3.8% during the forecast period of 2017 to 2022. This growth rate can be attributed towards the increased adoption of cardamom oil in carious end use sectors such pharmaceutical industry, healthcare, food and beverages, cosmetics, personal care, etc.
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Europe More Likely to be the High Growth Market for Cardamom Oil
The major producers of cardamom oils are present in India, Japan, China and few European regions. Europe and United States are considered more of a consumer type region where as countries in Asia Pacific are considered as producer type regions. Fact.MR’s recent research study on cardamom oil market uncovers several aspects which influence the global cardamom oil market and reveals that the global cardamom oil market is expected to grow at a CAGR of 3.8% during the forecasted period of 2017-2022.
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Among North America, Asia Pacific, MEA and other regions, Europe shows more favorable conditions for the adoption of cardamom oil and can be said to have dominance over other regions. All the market segments of the cardamom oil find lucrative growth paths in the European regions thereby making Europe the hub for cardamom oils.
Within the channel distribution segment, the online sub segment is expected to grow at a higher pace but shows less market share by revenue. The modern trade along with franchise outlets show similar annual growth rates, but modern trade sub segment has the highest market share by revenue compared to all other sub segments in distribution channel-based segmentation.
Competitive Landscape Assessment is Provided in the Report
The research study provides a comprehensive competitive landscape which includes key players in the global cardamom oil market. The companies included in the research study are Green Fields Oil Factory, Plant Therapy Essential Oils, Lionel Hitchen Essential Oils, Aromaaz International, IL Health and Beauty Natural Oils Co. Inc., Aksuvital, Shaanxi Guanjie Technology Co., Natures Natural India, Young Living Essential Oils, Greenleaf Extractions Pvt. Ltd., Biolandes and The Lebermuth Company.
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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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