Cardamom
is commonly found in the Asia Pacific, North America and Middle East
regions. It is well-known among the spices in cooking for its
fascinating flavor. The oil of cardamom is extracted from dried seeds
of cardamom through hydro distillation process which is furthercar
used for variety of applications. The Cardamom Oil extract comprises
of various Essential Components like Pinene, 8-Cineole, A-Terpineol
Acetate, Limonene, Terpinen-4-Oil, Linalyl Acetate, Myrcene, Nerol,
Phellandrene, Citronellol, Linalool, Sabinene, Trans-Nerolidol and
others. Increasing applications in personal care products is serving
the market growth. Cardamom oil possess the beneficial properties
such as antiseptic, boosts digestion, used in aromatherapy,
antimicrobial, aids proper digestion and relives muscle spasms. These
properties are expected to boost the demand for cardamom oil market
during the forecast period.
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Segmentation:-
The
global cardamom oil market is segmented by type, by applications, and
by distribution channels. Cardamom oil market by type is segmented
into Amomum cardamom oil and Elettaria cardamom oil. Elettaria
cardamom is also known as green cardamom or true cardamom. Amomum
cardamom is known as Kravan or black cardamom which is extensively
used in cooking. By grade cardamom oil market is segmented into
medical grade, cosmetic grade and food grade. By application cardamom
oil market is segmented into Food and Beverages, Cosmetics and
Personal care, pharmaceutical and others. Among all the segment
pharmaceutical segment is expected to have potential market share in
terms of value followed by cosmetic and personal care segment. By
distribution the cardamom oil market is segmented into Direct and
indirect sales channels. Indirect sales is further sub segmented into
modern trade, departmental store, E-Commerce, Specialty Store, drug
stores and others.
Global
Market Drivers and Restraints:-
Rising
demand of cardamom oil in the healthcare and pharmaceutical
industries due to antibacterial properties which can be used in
medicines related to muscles treatment is expected to boost the
market. Increasing use of cardamom oil in food, medicine and
cosmetics is further expected to bolster the market growth. Cardamom
oil is also finding its application in aromatherapy and in other uses
like air fresheners will grow the demand of the product in market.
Encouraging demand for natural flavoring and coloring agent is also
expected to increase the cardamom oil market. Increasing metropolitan
population, increasing health awareness and changing lifestyle are
some key factors driving the demand for cardamom oil in the global
market as these days consumers are more conscious towards products
containing natural ingredient and offers various health benefits.
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Regional
Outlook:-
Asia
Pacific is anticipated to be dominating in the cardamom oil market as
they are the largest cardamom producer as well accounting the health
and personal care advantages of the cardamom oil will increase its
demand in the near future. In Asia Pacific region, India and its
neighboring countries is expected to be one of the major consumer to
for cardamom oil. In terms of the production Latin America is the
largest producer of cardamom across the globe followed by Asia
Pacific region. Cardamom oil is one of the best flavoring agent thus
increasing demand for cardamom oil in bakery, and other culinary
products is expected to boost the cardamom oil market in North
America and Europe. Its use in aromatherapy is increasing and other
such properties will robust the growth of cardamom oil market in
Middle East and Africa.
Key
Players:-
Some
of the major key players of the cardamom oil market are doTERRA
International LLC, Shiv Sales Corporation, Green Fields Oil Factory,
Elettaria, Shaanix Guanjie Technology, Aromaaz International and
Nelixia.
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