Cardamom Oil Market is predicted to reach USD 869 Million at a CAGR of 8.31% during the forecast period

Cardamom Oil Market is predicted to reach USD 869 Million at a CAGR of 8.31% during the forecast period

Market Research Future (MRFR) has published a cooked research report on the “Global Cardamom Oil Market” that contains information from 2018 to 2027. The Cardamom Oil market is estimated to register a CAGR of 8.31% during the forecast period of 2023 to 2027.


MRFR recognizes the following companies as the key players in the global Cardamom Oil market— Melicia, Greenleaf Extractions Pvt Ltd, Green Fields Oil factory, Piping Rock Health Products LLC, Shiv Sales Corporation, Nature's Natural India, Aromaaz International, etc.


Market Highlights


The global Cardamom Oil market is accounted to register a CAGR of 8.31% during the forecast period and is estimated to reach USD 869 Million by 2027.


The Cardamom Oil Market refers to the global trade and distribution of essential oil derived from the cardamom plant. Cardamom oil is widely used in the food and beverage industry, as well as in aromatherapy and traditional medicine, driving its demand and market growth worldwide.


Segment Analysis


The global Cardamom Oil market has been segmented based on Type and Application.


On the basis of Type, the market is segmented into conventional and organic types. The industrial type of the cardamom business has seized the dividend type of the market for cardamom oil, which helps to both cater to and grow the demand for raising consumer awareness in the cardamom oil market.


Based on Application, the global Cardamom Oil market has been segmented into cosmetic types along with personal care ingredients and pharma products, food, and beverages, and many more. The market share for cardamom oil is most heavily skewed towards food and beverages. Additionally, cardamom aids in enhancing the flavour and taste of meals and beverages.


Regional Analysis


The global Cardamom Oil market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Cardamom Oil market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Cardamom Oil market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Cardamom Oil market comprises of Middle East, Africa, and Latin America.


The Asia-Pacific Cardamom Oil Market dominated this market in 2022 Due to the growing concern regarding the use of cosmetic care and health care goods, a significant portion of the cardamom oil market share is concentrated in the Asia Pacific region. Due to this, users wanted to use cardamom more frequently. Furthermore, Latin America, which is in high demand across the worldwide industry, now holds the second-largest market share. Particularly in this case, the flavouring agent covering the entire market share is cardamom oil. Furthermore, the third-largest market share belongs to the North American region. Due to its low price and high demand in this place, cardamom oil is very popular. Then come the Middle East, African, and European continents.


Asia-Pacific dominates the market due to the presence of major cardamom-producing countries like India, Nepal, and Bhutan. The region's rich cultural heritage and traditional use of cardamom in cuisine and Ayurveda contribute to its high consumption.


North America and Europe demonstrate a growing demand for cardamom oil, driven by the increasing popularity of natural and organic products in the food and beverage, cosmetics, and pharmaceutical industries. These regions import cardamom oil from key producers in Asia-Pacific.


In the Middle East and Africa, cardamom oil is extensively used in traditional medicine and perfumery. Countries like Saudi Arabia, UAE, and Egypt have a significant market share due to their cultural preferences and thriving cosmetic and fragrance industries.


Latin America is a prominent producer of cardamom, particularly Guatemala. The region's strong presence in the agricultural sector and the rising demand for organic and natural ingredients fuel the growth of the cardamom oil market in this region.


Key Findings of the Study



  • The global Cardamom Oil market is expected to reach USD 869 Million by 2027, at a CAGR of 8.31% during the forecast period.

  • The Asia-Pacific Cardamom Oil Market dominated this market in 2022 Due to the growing concern regarding the use of cosmetic care and health care goods, a significant portion of the cardamom oil market share is concentrated in the Asia Pacific region.

  • Based on Application, The market share for cardamom oil is most heavily skewed towards food and beverages. Additionally, cardamom aids in enhancing the flavour and taste of meals and beverages.

  • Melicia, Greenleaf Extractions Pvt Ltd, Green Fields Oil factory, Piping Rock Health Products LLC, Shiv Sales Corporation, Nature's Natural India, Aromaaz International, etc.

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