Global Cardamom Oil Market, By Oil Type (Amomum Cardamom Oil, Elettaria Cardamom Oil), Form (Absolute, Concentrates, Blends), Type (Organic, Conventional), Functions (Antiseptic, Antimicrobial, Aphrodisiac, Astringent, Digestive, Stomachic, Stimulant), Distribution Channel (Direct and Indirect Sales Channels), Application (Food and Beverages, Cosmetics and Personal Care, Pharmaceutical and Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) - Industry Trends and Forecast to 2029.
Market Analysis and Insights of Cardamom Oil Market
The cardamom oil market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the cardamom oil market to exhibit a CAGR of 6.0% for the forecast period of 2022-2029.
Cardamom oil refers to the oil which is used as a flavoring agent in various food items and is basically extracted from plants, amomum and elettaria. It contains vital elements such as methyl eugenol, pinene, sabinene, linalyl acetate, geraniol, nerol, and citronellol, which are beneficial to health and hair and skin.
The factors such as the high demand for the cardamom oil in health and the cosmetic sector coupled with the increasing awareness regarding good health are the major factors fostering the growth of the cardamom oil market in the forecast period of 2022 to 2029. Additionally, the successive application of the cardamom oil for making various eatables and confectionaries and its usage to enhance the flavor and color are other important factors acting as the cardamom oil market growth determinants. Moreover, the usage of the cardamom for manufacturing drugs in the pharma units has helped in curing the muscle pulls and spasms, which are estimated to accelerate the market's overall growth. However, the shortage of labor growth is supposed to hamper the market’s growth in the forecast period of 2022 to 2029. Moreover, the high production costs of the cardamom oil and the increase in costs of the cardamom seeds might hinder overall market growth within the above mentioned forecast period.
The rising need of cardamom oil due to the surge in demand for health and fitness will further generate various profitable opportunities for the cardamom oil market within the above mentioned forecast period. However, the availability of more substitute products such as the ginger oil and clove oil might also pose a major challenge for the market growth rate as it disrupted the production and supply within the market.
This cardamom oil market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on cardamom oil market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Cardamom Oil Market Scope and Market Size
The cardamom oil market is segmented on the basis of oil type, form, type, functions, distribution channel and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of oil type, the cardamom oil market is segmented into amomum cardamom oil and elettaria cardamom oil.
- On the basis of form, the cardamom oil market is segmented into absolute, concentrates and blends.
- On the basis of type, the cardamom oil market is fragmented into organic and conventional.
- On the basis of functions, the cardamom oil market is segmented into antiseptic, antimicrobial, aphrodisiac, astringent, digestive, stomachic and stimulant.
- On the basis of distribution channel, the cardamom oil market is divided into direct and indirect sales channels.
- On the basis of application, the cardamom oil market is bifurcated into food and beverages, cosmetics and personal care, pharmaceutical and others.
Cardamom Oil Market Country Level Analysis
The cardamom oil market is segmented on the basis of oil type, form, type, functions, distribution channel and application.
The countries covered in the cardamom oil market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Asia-Pacific region dominates the cardamom oil market and will continue to flourish its trend of dominance during the forecast period as it is the largest cardamom producer also due to the rise of concern towards using cosmetic care products and health care products, the market is supposed to flourish within the region within the above-mentioned forecast period. North America, on the other hand is expected to show lucrative growth due to the widespread demand all over the region.
The country section of the cardamom oil market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Cardamom Oil Market Share Analysis
The cardamom oil market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to cardamom oil market.
Some of the major players operating in the cardamom oil market report are Chr. Hansen Holding A/S, DSM, DuPont, Corporate.Evonik, Land O'Lakes, Inc., Kerry Inc., Novus International, Novozymes, Lesaffre, Lallemand Inc, Alltech, Adisseo, ASAHI GROUP HOLDING, Ltd., Unique Biotech, Vit-E-Men Company, Suguna Group., Provita Eurotech., and Protexin among others.
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