Cardamom Oil Market Analysis | Top Key Players - Nelixia, Green Fields Oil Factory, Shiv Sales Corporation, Aromaaz Internationa, IL Health and Beauty Natural Oils Co by Forecast to 2022

Latest Industry Updates:
Sep 2017 Lush has released a snazzy new perfume range. The products include Amelie Mae, I’m Home, Rentless and Cardamom Coffee. The company intends to expand this product into the Asian market.

Feb 2016 Sencha Naturals has launched Cardamom Cinnamon Green Tea Mints. The tea has a spice blend of cinnamon and cardamom makes for an aromatic mint with a spicy kick. The company is highly inclined towards new product launches.

Mar 2016 DoTerra's Healing Hands Foundation has partnered with Choice Humanitarian to provide a new drying facility for Cardamom plants in Sika'abe, Guatemala.

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Market Overview:
The oil of cardamom is extracted from dried seeds of cardamom through hydro distillation process which is further used for variety of applications. It comprises of various Essential compounds such as like Pinene, 8-Cineole, A-Terpineol Acetate, Limonene, and may more. Growing applications in personal care products is supporting the market growth. Beneficial properties such as antiseptics, enhancing digestion, aromatherapy use, and many more are supporting the growth of global cardamom oil market.

Use of cardamom oil as a flavoring agent in food industry to manufacture flavored drinks has uplifted the demand for cardamom oil especially in the beverage industry. It is also used to increase the shelf life of food products due to its antimicrobial characteristics. Cardamom oil has enormous health benefits as it contains essential minerals, vitamins which help to cure number of diseases such as cardiovascular diseases, oral health, reparatory and digestive system problems which is anticipated to uplift the demand for cardamom oil in the coming years. Additionally, cardamom oil is used as an ingredient in various personal care products especially in oral care and skin care products. It is also used in soaps and perfumes as a fragrance agent. Furthermore, is used in home care products such as air freshener, cleaning sprays and liquids as a fragrance agent. Use of cardamom oil in different industries is expected to uplift the demand for cardamom oil at a global level during the review period.

Competitive Analysis:
With strategic expansions, market players can focus on penetrating into the developing economies to expand their business portfolio. Consumers in developing countries are keen on exploring new product range offered to them and form a large consumer base. Establishing market in these emerging economies is profitable based on relatively low set-up costs, ease of doing business, and further lower variable cost to be incurred. Industrial players are involved in product launch and R&D which will further support the company to expand and reach out to consumers across the regions, the end-user industries are inclined towards product promotions through social media, magazines and other mediums in order to reach out to customers. The promotional strategy aids in retaining the existing the customers and also to regenerate new customer base.

The key players profiled in this report are Nelixia Company (Guatemala), Green Fields Oil Factory (Jordan), Shiv Sales Corporation (India), Aromaaz International (India), IL Health & Beauty Natural Oils Co., Inc. (U.S.), Aksuvital (Turkey), Shaanxi Guanjie Technology Co., Ltd. (China), Natures Natural India (India), Piping Rock Health Products Llc (New York), and Greenleaf Extractions Pvt Ltd. (India) among many others.

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Regional Analysis:
The global Cardamom oil market is segmented into North America, Europe, Asia Pacific and rest of the world (RoW). Asia Pacific is dominating the market followed by Europe. Asia Pacific region is the major consumer for cardamom oil. Inclination towards use of essential oils such as cardamom oil in food & beverage products among the consumers is driving the cardamom oil market in the Asia Pacific region. Increasing demand for cardamom oil in bakery, and other culinary products is likely to uplift the cardamom oil market in North America and Europe. Use of cardamom oil in aromatherapy is increasing which is likely to surge the demand for cardamom oil in the Middle East and Africa region. Further, growing application of cardamom oil in various industries is supporting the growth of cardamom oil market in rest of the world.

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