Cardamom oil is typically extracted from two plants namely amomum and Elettaria. Cardamom oil is beneficial to health, hair as well as skin. It is used as a flavoring agent in various food items. Cardamom oil consists of vital elements such as methyl eugenol, pinene, sabinene, linalyl acetate, geraniol, nerol, citronellol, etc.
The global cardamom oil is expected to reflect a CAGR of 3.8% during the forecast period of 2017 to 2022. This growth rate can be attributed to the increased adoption of cardamom oil in various end-use sectors such pharmaceutical industry, healthcare, food and beverages, cosmetics, personal care, etc.
The Asia Pacific and North American regions seem to show moderate growth, however, based on the current scenario of the cardamom market in Europe, it is expected to show a comparatively higher growth rate than other regions. Europe seems to be favorable considering all the segments and the sub-segments involved in the global cardamom oil market.
Fact.MR’s research report on the global cardamom market proves vital in assessing all the facets of the market as it involves all the segments and sub-segments within the market that have direct influence over the growth rate of the global market in the period of forecast.
Europe More Likely to be the High Growth Market for Cardamom Oil
Among North America, Asia Pacific, MEA and other regions, Europe shows more favorable conditions for the adoption of cardamom oil and can be said to have dominance over other regions. All the market segments of the cardamom oil find lucrative growth paths in the European regions thereby making Europe the hub for cardamom oils.
This relatively bigger, consumer-oriented market is more likely to top the list owing to high disposable income of the majority of the population. The European region has a strong end user industry base, to name a few growing industries such as pharmaceuticals, food and beverages, therapeutics and healthcare, cosmetics, etc., in which cardamom oil is used on a large scale.
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Several Factors Fuel the Growth Global Cardamom Oil Market
The expected increase in demand for cardamom oil in the healthcare industry is more likely to intensify the growth percentages of the cardamom oil market from a global perspective. The adoption of cardamom oil in the pharmaceutical industry to produce drugs used in the treatment of muscle spasms, muscle pulls etc., is rising.
This has impacted the overall use of cardamom in this industry in recent years and with the growing awareness, it seems only more obvious that the adoption rate of cardamom oils in pharmaceuticals and healthcare industries would go even further at a definitely huge growth rate by 2022. Changing lifestyles with rapid urbanization is poised to raise the bar of growth cardamom oil market in the coming years from a global standpoint.
The cosmetic industry, as well as personal care products, are more likely to boost the growth of the global cardamom oil market. Moreover, growing cardamom use in the food and beverage industry for adding taste as well as color and fragrance directly influences the growth of the cardamom oil market and it is expected that this industry will contribute more to the growth of the market in the coming years.
Blends Segment in the Form Type to Row at a Higher Pace
The form type segment of the global cardamom oil market is expected to show higher growth rate in the coming years. It is poised to reflect a higher CAGR of 5.0% in the period of forecast, 2017 to 2022.
Following blends segment, the runner up is the absolute segment which has moderate growth rate. The concentrates segment is expected to show average growth in the forecast period.
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Distribution Channel Analysis
The online segment is poised to show higher growth rate as compared to other distribution channels. The modern trade and franchise outlets seem to have almost equal growth rate however, modern trade still holds higher market share by revenue.
This segment, by far, has the highest market share as compared to online segment and specialty stores segment. The online segment is poised to grow with respect to revenue share in the coming years following this huge growth pace, and does have a chance to match the revenue share of franchise outlets.
Competitive Landscape Assessment is Provided in the Report
The research study provides a comprehensive competitive landscape which includes key players in the global cardamom oil market. The companies included in the research study are
- Green Fields Oil Factory
- Plant Therapy Essential Oils
- Lionel Hitchen Essential Oils
- Aromaaz International
- IL Health and Beauty Natural Oils Co. Inc.
- Shaanxi Guanjie Technology Co.
- Natures Natural India
- Young Living Essential Oils
- Greenleaf Extractions Pvt. Ltd.
- Biolandes and The Lebermuth Company.
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Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)
In its recent report, Fact.MR offers a comprehensive perspective on the global cardamom oil market across few targeted regions.
Shifting consumer focus towards flexible, natural yet effective remedies, along with increasing awareness regarding the importance of cardamom oil and the growing adoption of cardamom oil in new end-use industries, such as food & beverage and pharmaceutical industry, has raised the bar of their growth path worldwide and is likely to drive their demand to the next level in the coming years.
The report focuses on the provision of in-depth research and detailed insights about global cardamom oil market for the forecast period 2017 to 2022.
The prime focus of Fact.MR’s report is to provide readers with an unbiased and accurate analysis of current market status of cardamom oil, along with future growth estimations.
Cardamom oil producers, suppliers, and distributors in the global market will benefit from the insights offered in this report. A detailed discussion guide has been formulated in this report, which can attract the interest of top trade magazines and journals related to food & beverages.
The report commences by providing an executive summary, market dynamics and market taxonomy, underlining the factors which influence growth of the global cardamom oil market.
This executive summary offers the foundation on which the report is based, providing users with scope of the report. The executive summary contains key statistics and facts impacting the global cardamom oil market.
This section offers a detailed view of the global cardamom oil market, comprising the market introduction, along with the standard definition of the product – cardamom oil.
Market value as well as year-over-year expansion is offered to readers in this section. Y-o-Y growth enables readers to view broader aspects of growth patterns during the forecast period.
This section also details the drivers, restraints, opportunities and key trends influencing the market growth based on perspectives of macroeconomic, demand, and supply sides.
Impact analysis of the weighted average model-based expansion drivers is included in the report for the provision of better decision-making insights to clients.
To offer readers with latest information about advancements in the global cardamom oil market, updates about opportunities benefitting leading cardamom oil producing companies are offered in the report.
Continuous evolution of the food & beverages sector necessitates keeping record of upcoming and recent developments and trends which are fundamental for cardamom oil producers to formulate and adopt key business strategies. The detailed analysis pertaining to list of distributors, pricing analysis, raw material sourcing, cost structures, and supply chain are offered in this section.
By considering the global cardamom oil market, and provide an in-depth analysis, Fact.MR’s report offers segment-wise analysis and forecast.
The cardamom oil market is categorized on the basis of form type, source type, application, distribution channel and region. Segmentation analysis offered is comprehensive, along with the detailed country-wise forecast offered on all parameters.
The report’s last section emphasizes on the competitive landscape of the global cardamom oil market, providing readers with the dashboard of company analysis as well as the market players.
Competitive intelligence provided by the report is based on providers’ categories in the value chain, and their presence in the global cardamom oil market.
Fact.MR is committed to offer unbiased and independent market research solutions to its clients.
Each market report of Fact.MR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,
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- Secondary research
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- Social media analysis
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