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

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    Report

  • 106 Pages
  • December 2021
  • Region: Global
  • Acute Market Reports
  • ID: 5615895
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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Table of Contents

Chapter 1 Preface 15
1.1 Report Description 15
1.1.1 Purpose of the Report 15
1.1.2 Target Audience 15
1.1.3 USP and Key Offerings 15
1.2 Research Scope 16
1.3 Market Segmentation 17
1.4 Research Methodology 17
1.4.1 Phase I - Secondary Research 18
1.4.2 Phase II - Primary Research 18
1.4.3 Phase III - Expert Panel Review 19
Chapter 2 Executive Summary 20
2.1 Market Snapshot: Global Cardamom Oil Market 20
2.2 Global Cardamom Oil Market, By Application 22
2.3 Global Cardamom Oil Market, By Geography 23
Chapter 3 Market Dynamics 24
3.1 Introduction 24
3.1.1 Market Trends and Future Outlook 25
3.2 Market Drivers 25
3.2.1 Significant Demand from Healthcare Industry 25
3.2.2 High Demand from the Cosmetic and Personal Care Products Industry 26
3.3 Market Growth Inhibitors 27
3.3.1 High Price of Cardamom Oil to Hamper Market Demand 27
3.4 Opportunities 28
3.4.1 Few Opportunities for Organic Cardamom Oil in the Global Market 28
3.4.2 Impact Analysis of Drivers and Restraints 28
3.5 Attractive Investment Proposition 30
3.6 Competitive Analysis 31
3.6.1 Market Positioning of Key Companies 31
Chapter 4 Global Cardamom Oil Market Analysis, By Application 33
4.1 Overview 33
4.2 Bakery & Confectionary 34
4.2.1 Global Cardamom Oil Market Volume and Revenue for Bakery & Confectionary, 2019 - 2029 (Tons) (US$ Mn) 35
4.3 Food & Beverages 35
4.3.1 Global Cardamom Oil Market Volume and Revenue for Food & Beverages, 2019 - 2029 (Tons) (US$ Mn) 36
4.4 Personal Care Products 36
4.4.1 Global Cardamom Oil Market Volume and Revenue for Personal Care Products, 2019 - 2029 (Tons) (US$ Mn) 37
4.5 Medicines 37
4.5.1 Global Cardamom Oil Market Volume and Revenue for Medicines, 2019 - 2029 (Tons) (US$ Mn) 38
4.6 Cosmetics 39
4.6.1 Global Cardamom Oil Market Volume and Revenue for Cosmetics, 2019 - 2029 (Tons) (US$ Mn) 39
4.7 Dairy Products 40
4.7.1 Global Cardamom Oil Market Volume and Revenue for Dairy Products, 2019 - 2029 (Tons) (US$ Mn) 40
4.8 Others (Air Fresheners, etc.) 41
4.8.1 Global Cardamom Oil Market Volume and Revenue for Other Applications, 2019 - 2029 (Tons) (US$ Mn) 41
Chapter 5 North America Cardamom Oil Market Analysis 43
5.1 Overview 43
5.1.1 North America Cardamom Oil Market Volume and Revenue, 2019 - 2029 (Tons) (US$ Mn) 43
5.2 North America Cardamom Oil Market Analysis, By Application, 2019 - 2029 (Tons) (US$ Mn) 44
5.3 North America Cardamom Oil Market Analysis, By Country, 2019 - 2029 (Tons) (US$ Mn) 45
5.3.1 U.S. 45
5.3.1 Canada 46
Chapter 6 Europe Cardamom Oil Market Analysis 48
6.1 Overview 48
6.1.1 Europe Cardamom Oil Market Volume and Revenue, 2019 - 2029 (Tons) (US$ Mn) 48
6.2 Europe Cardamom Oil Market Analysis, By Application, 2019 - 2029 (Tons) (US$ Mn) 49
6.3 Europe Cardamom Oil Market Analysis, By Country, 2019 - 2029 (Tons) (US$ Mn) 50
6.3.1 Germany 50
6.3.1 France 51
6.3.2 UK 52
6.3.3 Spain 53
6.3.4 Italy 54
6.3.5 Rest of Europe 55
Chapter 7 Asia Pacific Cardamom Oil Market Analysis 57
7.1 Overview 57
7.1.1 Asia Pacific Cardamom Oil Market Volume and Revenue, 2019 - 2029 (Tons) (US$ Mn) 57
7.2 Asia Pacific Cardamom Oil Market Analysis, By Application, 2019 - 2029 (Tons) (US$ Mn) 58
7.3 Asia Pacific Cardamom Oil Market Analysis, By Country, 2019 - 2029 (Tons) (US$ Mn) 59
7.3.1 China 59
7.3.2 India 61
7.3.3 Indonesia 62
7.3.4 Rest of Asia Pacific 63
Chapter 8 Latin America Cardamom Oil Market Analysis 65
8.1 Overview 65
8.1.1 Latin America Cardamom Oil Market Volume and Revenue, 2019 - 2029 (Tons) (US$ Mn) 65
8.2 Latin America Cardamom Oil Market Analysis, By Application 2019 - 2029 (Tons) (US$ Mn) 66
8.3 Latin America Cardamom Oil Market Analysis, By Country, 2019 - 2029 (Tons) (US$ Mn) 67
8.3.1 Mexico 67
8.3.2 Brazil 68
8.3.3 Rest of Latin America 69
Chapter 9 Middle East & Africa Cardamom Oil Market Analysis 71
9.1 Overview 71
9.1.1 Middle East & Africa Cardamom Oil Market Volume and Revenue, 2019 - 2029 (Tons) (US$ Mn) 71
9.2 Middle East & Africa Cardamom Oil Market Analysis, By Application, 2019 - 2029 (Tons) (US$ Mn) 72
9.3 Middle East & Africa Cardamom Oil Market Analysis, By Country, 2019 - 2029 (Tons) (US$ Mn) 73
9.3.1 UAE 73
9.3.2 Israel 74
9.3.3 Rest of MEA 75
Chapter 10 Company Profiles 77
10.1 Biolandes 77
10.1.1 Biolandes: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 77
10.2 The Lebermuth Company 78
10.2.1 The Lebermuth Company: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 78
10.3 H. Reynaud & Fils (HRF) 79
10.3.1 H. Reynaud & Fils (HRF): Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 79
10.4 Moksha Lifestyle Products 80
10.4.1 Moksha Lifestyle Products: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 80
10.5 Young Living Essential Oils, LC 81
10.5.1 Young Living Essential Oils, LC: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 81
10.6 doTERRA 82
10.6.1 doTERRA: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 82
10.7 Synthite Industries Ltd. 83
10.7.1 Synthite Industries Ltd.: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 83
10.8 Bio Extracts (Pvt) Ltd. 84
10.8.1 Bio Extracts (Pvt) Ltd.: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 84
10.9 Payan Bertrand S.A. 85
10.9.1 Payan Bertrand S.A.: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 85
10.10 Imperial Extracts 86
10.10.1 Imperial Extracts: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 86
10.11 Greenleaf Extractions 87
10.11.1 Greenleaf Extractions: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 87
10.12 Reho Natural Ingredients 88
10.12.1 Reho Natural Ingredients: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 88
10.13 XenoBio Herbals 89

Companies Mentioned

  • Biolandes
  • The Lebermuth Company
  • H. Reynaud & Fils (HRF)
  • Moksha Lifestyle Products
  • Young Living Essential Oils
  • LC
  • doTERRA
  • Synthite Industries Ltd.
  • Bio Extracts (Pvt) Ltd.
  • Payan Bertrand S.A.
  • Imperial Extracts
  • Greenleaf Ex