Cardamom oil is typically extracted from two plants namely amomum and elettaria. Cardamom oil is beneficial to health, hair as well as skin. It is used as flavoring agent in various food items. Cardamom oil consists of vital elements such as methyl eugenol, pinene, sabinene, linalyl acetate, geraniol, nerol, citronellol, etc.
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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. The Asia Pacific and North American regions seem to show moderate growth, however, based on the current scenario of the cardamom market in Europe, it is expected to show comparatively higher growth rate than other regions. Europe seems to be favorable considering all the segments and the sub segments involved in the global cardamom oil market.
Following are excerpts from Fact.MR on global cardamom oil market which would be beneficial to the future prospects of the market
- The natural sub segment of the source type segment of the global cardamom oil market has higher market share by revenue as estimated in 2017; however, the organic segment is more likely to show higher growth rate
- The absolute type sub segment from the form type segment of the cardamom oil market, shows higher revenue share in the global market followed by the blend sub segment and concentrates segment. But the blends segment is poised to have a higher CAGR of 5.0% during the forecasted period of 2017 to 2022
- As far as geography is concerned, Europe shows more market attractiveness in terms of consumption and favors nearly all the segments involved in the cardamom oil market and is expected to grow at a higher pace during the forecasted period
- 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.
- The Japan cardamom oil market is poised to show a 6.6% of revenue share in the market during 2017 but is expected to lose 42 BPS by 2022.
The form type segment of the global cardamom oil market is expected to show higher growth rate in the coming years. It is poised to reflect a higher CAGR of 5.0% in the period of forecast, 2017 to 2022. Following blends segment, the runner up is the absolute segment which has moderate growth rate. The concentrates segment is expected to show average growth in the forecast period.
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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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