Cardamom oil is extracted from dried cardamom using a steam distillation procedure used in different applications such as food processing, pharmaceuticals, fragrances in soaps and perfumes, etc. Cardamom oil extract contains various basic components such as pinene, methyl eugenol, sabinene, geraniol, myrcene, nerol, linalyl acetate, phellandrene, citronellol, linalool, limonene, a-terpineol acetate, 1, 8-cineole, terpineol, a-terpineol, p-cymene, terpinene-4-oil, terpinolene, and trans-nerolidol. There is a significant increase in demand for cardamom oil due to its various health, skin, and hair benefits. It is commonly used in aromatherapy.
Market Dynamics
The market for cardamom oil has been rising with increasing
consumer awareness of cardamom oil's health benefits, and its increasing use in
personal care products is also promoting the market growth. The increased
popularity of essential oil will boost cardamom oil sales, and by 2021,
cardamom oil sales will hit 4.307 tons with CAGR of 6.74%. Guatemala is the
largest producer of cardamom oil, and it is anticipated that the market for
cardamom oil will rise by 6.02% during the period 2016-2021. After Guatemala,
India is the largest producer of cardamom oil and is expected to grow at a CAGR
of 7.99% over the same period.
The market for cardamom oil is powered by factors such as
rising demand for natural flavorings and food coloring agents. The increase in
demand from various downstream markets, including food and beverage,
pharmaceuticals, personal care, and home care, is driving the growth of the
cardamom oil industry.
Market Segmentation
The global market for cardamom oil market has been segmented
by type, applications, and distribution channels.
By type, the global market for cardamom oil market has been
segmented into Elettaria cardamom oil and Amomum cardamom oil. Elettaria
cardamom is also known as true cardamom or green cardamom. Amomum cardamom is
known as Kravan or black cardamom which is broadly used in cooking
By application, the global market for cardamom oil market has
been segmented into food and beverages, cosmetics and personal care,
pharmaceutical, and others. The pharmaceutical segments are expected to have
potential market share in terms of value, followed by the cosmetic and personal
care segment. The pharmaceutical application of cardamom oil is growing faster
than other applications with CAGR of 6.8%.
By distribution, the global market for cardamom oil market has
been segmented into direct and indirect sales channels. Indirect sales are
further sub-segmented into modern trade, departmental store, E-Commerce, specialty
stores, drug stores, and others.
Key Players
The prominent market players identified by MRFR in the global
cardamom oil market are Nelixia, IL Health & Beauty Natural Oils Co., Inc.,
Green Fields Oil Factory, Aromaaz Internationa, Aksuvital, Shaanxi Guanjie
Technology Co., Ltd, Shiv Sales Corporation, Natures Natural India, Piping Rock
Health Products Llc, and Greenleaf Extractions Pvt Ltd
Complete Report Details @ https://www.marketresearchfuture.com/reports/cardamom-oil-market-2246
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