Cardamom Essential Oil Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)

The global cardamom essential oil market is being aided by the growth of the overall essential oil market, which reached a volume of 239.83 TMT in 2024. The global essential oil market is further expected to grow at a CAGR of 7.80% in the forecast period of 2025-2034.

Increasing Product Demand for Various Applications to Aid the Cardamom Essential Oil Industry Growth

Based on application, while the food and beverage industry significantly contributes to the market growth, the pharmaceutical industry is expected to drive the demand for cardamom essential oil over the forecast period. The increase in product demand in the pharmaceutical sector can be attributed to the growing awareness regarding the various health benefits offered by cardamom essential oil. It has therapeutic properties and aids in relieving of spasm, prevents microbial infections, improves digestion, and boosts metabolism, among others. Apart from medical benefits, it is also known for its unique flavour and aroma, and, thus, has various applications in culinary field as well as in cosmetics. Based on nature, the organic segment is expected to dominate the market, owing to the growing awareness regarding the health benefits of organic products.

The Asia-Pacific to Provide Significant Growth Opportunities for the Expansion of the Cardamom Essential Oil Industry

The Asia-Pacific is expected to account for a significant share in the industry over the forecast period. Within the Asia-Pacific, the major cardamom growing countries include India, Sri Lanka, and Vietnam, among others. India is one of the leading producers of cardamom in the world. The growth of the market in the region can be attributed to the easy availability of cardamom essential oil and the rising preference for natural ingredients. The other significant regions for the product include North America and Europe.

Cardamom Essential Oil: Market Segmentation

Cardamom essential oil is obtained from the seeds of cardamom, also known as Elettaria Cardamomum, through the process of steam distillation. It has a spicy-sweet middle note that blends well with spice oils, citrus oils, wood oils, and many others. It provides various health benefits, is considered an aphrodisiac, and can also be used to improve hair and skin health. Some of its major constituents are sabinene, limonene, terpinene, eugenol, cineol, linalool, nerodilol, heptenone, alpha-terpineol, alpha-pinene, myrcene, and others.

Based on nature, the market is bifurcated into:

• Organic
• Conventional

The different forms of the product include:

• Absolute
• Concentrates
• Blends

The various applications of cardamom essential oil are:

• Food and Beverages
• Cosmetics and Personal Care
• Pharmaceuticals
• Others

Based on distribution channel, the industry can be segmented into:

• Direct
• Indirect

The regional markets for the product include:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Growing Health Awareness and Rising Demand for Natural Products to Boost the Cardamom Essential Oil Industry Growth

The growing health awareness among consumers is leading to a rise in the demand for plant based and natural products, which is pushing the growth of the cardamom essential oil industry forward. This is further supported by the expanding healthcare and pharmaceutical industries, which are one of the major consumers of the product. Other factors like the escalating consumer disposable incomes, growing demand for natural flavouring agents, increasing preference for plant based cosmetic products, and expanding retail sector are significantly contributing to the industry growth. Over the forecast period, the new product launch by the manufacturers and growing R&D activities are expected to boost the sales of the product, thus, further propelling the industry growth.

Key Industry Players in the Global Cardamom Essential Oil Market

The report gives a detailed analysis of the following key players in the global cardamom essential oil market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Floracopeia Inc
• Young Living Essential Oils
• Naissance Trading & Innovation Co Ltd
• NOW Health Group, Inc.
• Florihana Distillerie
• doTERRA International, LLC
• Others

The comprehensive report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.