Cardamom Oil Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029

History of Indian spices dates back to the beginning of human civilization. Spices were inducements of romance, voyages, war and expeditions. Cardamom has been used since ancient times as medicine and in cooking. It has a fascinating long history dating back about 3,000 years B.C. during the Vedic period. Spices in those days were known to be symbol of luxury and royalty. It was used in manufacturing perfumes during the Roman and Greek times. Cardamom is very well known as a spice for its flavor and woody aroma. This property of cardamom makes it applicable for a wide range of applications in the market. Cardamom essential oil is extracted from the dried seeds of cardamom through hydro distillation which comprises of4% to 8% of essential cardamom oil. Now-a-days, CO2 extraction method of essential oil seems to be more in demand as this is another interesting process used in extraction of cardamom oil. Cardamom oil consists of advantageous properties such as antiseptic, antimicrobial, boosts digestion, used in aromatherapy, relives muscle spasms, and aids proper digestion. These factors have led to high demand for cardamom oil in the market.

Based on applications, the global cardamom oil market is segmented into bakery & confectionary, food & beverages, personal care products, medicines, cosmetics, dairy products and others. Medicines accounted for major share of global cardamom oil market due to the beneficial properties of cardamom oil. Cosmetic followed medicine application in terms of demand and accounted as the second largest application segment of global cardamom oil market in 2020. Other applications of cardamom oil such as bakery & confectionary, food & beverages, dairy products and personal care products are also projected to boost high demand for cardamom oil during the forecast period from 2021 to 2029.

Cardamom oil market was valued at US$ 5.58 Bn in 2020 and is expected to reach US$ 8.06 Bn by 2029, growing at a CAGR of 4.3% during the forecast period 2021-2029.

Purpose of the Report

The purpose of this strategic research study titled “Global Cardamom Oil Market - Growth, Share, Opportunities, and Competitive Analysis, 2020 - 2029” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global cardamom oil market.

Target Audience

• Industry Investors
• Cardamom Oil Providers/Vendors
• Research Professionals
• Emerging Companies
• Raw Material Suppliers/ Buyers
• Product Suppliers/ Buyers
• Research Institutes

USP and Key Offerings

The report titled “Global Cardamom oil Market - Growth, Share, Opportunities, and Competitive Analysis, 2021 - 2029” offers strategic insights into the global cardamom oil market along with the market size and estimates for the duration 2021 to 2029. The said research study covers in-depth analysis of multiple market segments based on end-user applications, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading cardamom oil vendors, their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:

• Current and future market trends to justify the forthcoming attractive markets within cardamom oil industry
• Market fuelers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis
• Trailing 2-Year market size data (2018 - 2019)
• SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global cardamom oil market, of growth, offering market size and estimates for the period from 2021 to 2029, keeping in mind the above mentioned factors.

On the basis of its application, the cardamom oil market is categorized into following segments:

• Bakery & Confectionary
• Food & Beverages
• Personal Care Products
• Medicines
• Cosmetics
• Dairy Products
• Others (Air Fresheners, etc.)

Based on applications, the global cardamom oil market was segmented into bakery & confectionary, food & beverages, personal care product, medicines, cosmetics, dairy products and others. Among these, medicines application accounted for major share of global cardamom oil market in 2020 and is expected to retain its position in the near future. The beneficial properties of cardamom oil are the major factor driving the growth of global cardamom oil worldwide. The advantageous properties of cardamom oil such as antibacterial, antispasmodic, antifungal among others have attracted the attention of major pharmaceutical industries. Cardamom oil is now used in manufacturing wide range of pharmaceutical drugs and ointments which helps in treatment of muscle pulls and muscle spasms. Hence, high demand is reported for cardamom oil from the pharmaceutical industry worldwide. Growing demand for cardamom oil from the cosmetic industry is another factor promoting growth of global cardamom oil in the market. Varieties of cosmetics are manufactured using cardamom oil due to the antibacterial property of cardamom oil. Cosmetic accounted as the second largest application of global cardamom oil market in 2020. Personal care products followed cosmetics in terms of demand for cardamom oil and is expected to boost high market growth in the near future. Other applications which include bakery & confectionary, food & beverages and dairy products are also expected to boost high demand for cardamom oil during the forecast period from 2021 to 2029.

On the basis of geography, the global cardamom oil market is segmented into following categories

• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
• Latin America
• Mexico
• Brazil
• Rest of Latin America
• Middle East & Africa
• UAE
• Israel
• Rest of Middle East & Africa

Europe accounted for largest share of global cardamom oil market in 2020. It accounted for more than 29.0% share of global cardamom oil market in 2020 and is expected to increase in the near future. High demand for cardamom oil from the healthcare industry, personal care products, cosmetics and related segments in Europe has led to high growth of global cardamom oil in the region. Middle East & Africa accounted as second largest market for cardamom oil in 2020 as major producers of cardamom belong to Guatemala. Asia Pacific followed Middle East and Africa in terms of demand for cardamom oil. Increasing demand for cardamom oil from the food & beverages industry in the region is expected to boost high demand for cardamom oil in the market. The use of spices in India is well known and hence, high demand is expected from the food sector in the region for cardamom oil as a flavoring agent for various delicacies. Other regions such as Latin America and North America are also projected to boost high demand for cardamom oil during the forecast period from 2021 to 2029.


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