Press release
Cardamom Extract Market Forecast over 2017 – 2025
Cardamom Extract Market Segmentation:
Cardamom Extract Market is segmented on the basis of product form, type, application, and distribution channels.
On the basis of product form, cardamom extract market segments include oil and powder. Among both, oil segment holds the major share and is expected to register a growth during the forecasted period. Cardamom extract is widely used in the food industry as a flavoring agent. Cardamom extract has been closely tied with application in bakery and confectionery industry and is expected to fuel the market over the forecasted period.
On the basis of product type, cardamom extract market segments include green cardamom and black cardamom. Among both, green cardamom segment holds the major share and is expected to register a growth during the forecasted period.
On the basis of application, cardamom extract market segments include food and beverages, medicinal and cosmetics. Among all of these, food and beverages segment holds the major share and is expected to register a steady growth over the forecasted period. Further, the market of food industry can be sub-segmented into various application include; as an ingredient and taste enhancer. Also, the beverage industry is sub-segmented into tea, juices and canned beverages.
On the basis of distribution channels, it is segmented into direct selling, distributors, wholesalers, and online. Among these, the online is expected to gain major revenue shares over the forecast period.
Cardamom Extract Market Regional Outlook:
On the basis of regions, cardamom extract market is segmented into following key regions; North America, Latin America, Eastern Europe and Western Europe, Asia Pacific & Japan, and The Middle East and Africa.
Among all of these, Asia Pacific grabs the major share of global cardamom extract market. India is one of the major supplier of cardamom extract. Consumption of cardamom extract from these regions for application in the food industry is high in global market and it is expected to grow at a steady rate. Followed by North America and Europe and is expected to register a moderate growth over the forecasted period.
Cardamom Extract Market Dynamics:
Cardamom extract has various application in the food industry as an ingredient and flavoring agent. Hence, it is one of the key drivers for a high demand in global market. Also, cardamom extract is gaining its demand from the cosmetic Industry. Increasing awareness regarding medicinal benefits and widely used as flavoring agent of cardamom extract is expected to drive an increase in demand in the global market. The aromatic flavors of cardamom extract is expected to drive an increase in demand for mouth freshener and chewing gum industry.
Cardamom Extract Market Key Players:
Some of the key players participating the global cardamom extract market include Mountain rose herbs Inc., do TERRA Holdings LLC, Keya Foods International Pvt. Ltd., Nelixia S.A., and Monterey bay spice company Inc. The companies are expected to expand their business by enhancing their product portfolio in global cardamom extract market. The companies are projected to frame certain strategies in future in order to gain the competitive advantage in global cardamom extract market till 2027.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and regions.
To view complete report @http://www.persistencemarketresearch.com/market-research/cardamom-extract-market.asp
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Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.
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