Analysis of Cardamom Oil market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
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.
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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.
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.
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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.
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.
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(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)
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The global cardamom oil is expected to reflect a CAGR of 3.8% during the forecast period of 2017 to 2022.
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.
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