Cardamom Oil Market is anticipated to grow at a CAGR of 6.74% During 2019 to 2022

Cardamom Oil Market Research Report includes various topics like total Market Size, Key Market Drivers, Challenges, Growth Opportunities, Industry Share, Growth, Demand

pune, India - June 13, 2019 /MarketersMedia/ —

Market Insight
The global Cardamom Oil Market is on route to attain the valuation of USD 869 million by 2021, reports Market Research Future (MRFR). The report further states that the market will be rising at a growth rate of approximately 8.31% during the forecast period (2016-2021).

Market Drivers and Key Restraints

The scientific name of cardamom is Elettaria Cardamomum, and cardamom oil is extracted from its seeds. Cardamom oil has numerous applications in the food and beverage industry, with its primary use as a spice for providing a sizzling taste in cuisines as well as various other food products. It is also used for giving a captivating flavor in different food items. Its medicinal use includes alleviating muscular spasms, stimulating the digestive system among other purposes. Most of the demand for cardamom oil globally comes from Western Europe, the Middle East and Africa and Asia Pacific, particularly from the food and beverage industry, personal care and cosmetic products.

The crucial factors buoying the demand for cardamom oil is the expansion of the food and beverage industry across the globe. Numerous food and beverage manufacturers integrate cardamom oil within their products in order to boost their taste as well as aroma. The hike in the demand for cardamom in beverages like tea and other flavored beverages is encouraging the manufacturers to make use of cardamom oil as a natural ingredient in their products. These factors are bound to present an abundance of growth opportunities to the global cardamom oil market in the subsequent years.

In terms of application, the demand for cardamom oil has witnessed massive demand from the pharmaceutical industry owing to its medicinal properties. The use of cardamom oil has increased in recent times as more and more people are becoming highly aware of its medicinal value, as it helps relieve aches and cramps, in addition to being used in medicines for flue, cold, cough among others. The cosmetic and personal care products contain a significant amount of cardamom oil. For example, the oral care products such as mouthwash contain cardamom oil which are beneficial for the teeth and gums. However, the steep prices of cardamom seeds could act as prohibitive factors in the market growth.

Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/2385

Key Players
The top vendors in the Global Cardamom Oil Market include

• Shaanxi Guanjie Technology Co. Ltd.
• IL Health & Beauty Natural Oils Co. Inc.,
• Piping Rock Health Products LLC,
• Greenleaf Extractions Pvt. Ltd.,
• Green Fields Oil Factory,
• Natures Natural India,
• Aromaaz International,
• Shiv Sales Corporation
• Aksuvital,
• Nelixia

Recent Developments
June 2018 Firmenich has entered a partnership with Nelixia to elevate their expertise in natural ingredients all across Central America. With the investment by Firmenich, Nelixia’s high-quality raw materials portfolio, including essential oils like cardamom oil., will get a significant boost.

Market Segmentation
The worldwide cardamom oil market has been segmented on the basis of type and application.

Type-based segments in the global cardamom oil market include Elettariacardamom oil and Amomum cardamom oil. The market coverage by Elettaria cardamom oil is expected to be the biggest in the global cardamom oil market in 2016, with the segment predicted to surge at a robust CAGR of 6.72% during the assessment period. At the same time, amomum cardamom, which is also known as black cardamom and is predominantly grown in India and China is seeing massive demand as well.

In terms of application, the global cardamom oil market can be broken down into pharmaceuticals, food and beverages, home care products, personal care products, and others. In 2016, the food and beverages segment held over 40% of the overall cardamom oil market and is presumed to remain at the top throughout the forecast period. But the pharmaceutical segment in the cardamom oil market is set to display the best CAGR of 6.8% in the coming years.

Regional Insight
The global Cardamom Oil Market is spread across the regions of the Americas and the Asia Pacific.

In the Americas, Guatemala is considered a lucrative country in the cardamom oil market and is counted among the top producers of cardamom at a global level. The country is most likely to continue its dominance in the following years, backed by its subtropical climate. This kind of climate is perfect for cultivating spices, in turn increasing the cardamom cultivation in the region. Also, the cardamoms originating from Guatemala are much cheaper owing to their lower oil content as well as sweetness. As a result of these factors, the regional market is expected to be highly profitable during the assessment period.

The countries in Asia Pacific including India, Nepal, Bhutan and Indonesia are emerging as significant consumers in the worldwide cardamom oil market. The main reasons could be the rising disposable income of consumers and the subsequent increase in the demand for food and beverages, personal care products and pharmaceuticals that contain cardamom oil. The primary use of cardamom and cardamom oil in the local food of these countries will add to the revenue collected by the cardamom oil market in the region. This factor will also lead to the increase in cardamom production within the region over forthcoming years. There has been a growing focus on physical appearance among the consumers in the region, a factor significantly supplemented by the increasing disposable income. This has led to the boost in the sale of personal care products as well as cosmetics containing cardamom oil, which has further bumped up the growth of the regional market in recent years.

Contact Info:
Name: Abhishek
Email: Send Email
Organization: market research future
Address: Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028 Maharashtra, India
Phone: 6468459312
Website: https://www.marketresearchfuture.com/reports/cardamom-oil-market-2385

Source URL: https://marketersmedia.com/cardamom-oil-market-is-anticipated-to-grow-at-a-cagr-of-674-during-2019-to-2022/524057

Source: MarketersMedia

Release ID: 524057

Recent News

Where have the wild birds gone? 3 billion fewer than 1970

Sep 23, 2019

WASHINGTON — A comprehensive study shows there are nearly 3 billion fewer wild birds in North America than in 1970. The new study finds that the bird population in the United States and Canada was probably around 10.1 billion nearly half a century ago and has dropped 29% to about 7.2 billion birds. Study lead author Kenneth Rosenberg, a Cornell University conservation scientist, says the thinning of the flocks is happening before our eyes but is so slow we don't often notice. Rosenberg and colleagues projected population data using weather radar, which captures flocks of migrating birds, 13 different bird...

No Deal: Auto workers strike against GM in contract dispute

Sep 23, 2019

DETROIT — More than 49,000 members of the United Auto Workers walked off General Motors factory floors or set up picket lines early Monday as contract talks with the company deteriorated into a strike. Workers shut down 33 manufacturing plants in nine states across the U.S., as well as 22 parts distribution warehouses. It wasn't clear how long the walkout would last, with the union saying GM has budged little in months of talks while GM said it made substantial offers including higher wages and factory investments. It's the first national strike by the union since a two-day walkout in...

Union votes to strike at General Motors' US plants

Sep 23, 2019

DETROIT — The United Auto Workers union announced Sunday that its roughly 49,000 workers at General Motors plants in the U.S. would go on strike just before midnight because contentious talks on a new contract had broken down. About 200 plant-level union leaders voted unanimously in favor of a walkout during a meeting Sunday morning in Detroit. Union leaders said the sides were still far apart on several major issues and they apparently weren't swayed by a GM offer to make new products at or near two of the four plants it had been planning to close, according to someone...

Pesticide criticized in bee deaths could also kill birds

Sep 23, 2019

PORTLAND, Maine — Scientists studying a widely used pesticide say even small doses of the chemical can have crippling health effects on migrating birds, and it might be contributing to declines in their overall populations. The researchers with the University of Saskatchewan will publish their research about the insect-killer imidacloprid in the journal Science on Friday. The insecticide is among a class called neonicotinoids that has been widely studied for its health impacts on bees. The scientists studied white-crowned sparrows that consumed small doses of the pesticide and found that the birds experienced weight loss and delays in migration. They...

Apple takes on Netflix with a $5-a-month streaming service

Sep 23, 2019

CUPERTINO, Calif. — Apple is finally taking on Netflix with its own streaming television service and, uncharacteristically for the company, offering it at a bargain price — $5 a month beginning on Nov. 1. Walt Disney Co. is launching its own assault on Netflix the same month, for just $7. It may be sheer coincidence that the cost of paying for both Apple and Disney subscriptions will still be a dollar less than Netflix's main plan, priced at $13 a month. But the intent to disrupt Netflix's huge lead in the streaming business couldn't be clearer. Apple delivered the news...

About Us

Science Buzz is a user-friendly website which concentrates on news for the Big Three: Biology, Chemistry, and Physics.

Contact us: sales@thescnbuzz.com