Cardamom is commonly found in the Asia Pacific, North America and Middle East regions. It is well-known among the spices in cooking for its fascinating flavor. The oil of cardamom is extracted from dried seeds of cardamom through hydro distillation process which is furthercar used for variety of applications. The Cardamom Oil extract comprises of various Essential Components like Pinene, 8-Cineole, A-Terpineol Acetate, Limonene, Terpinen-4-Oil, Linalyl Acetate, Myrcene, Nerol, Phellandrene, Citronellol, Linalool, Sabinene, Trans-Nerolidol and others. Increasing applications in personal care products is serving the market growth. Cardamom oil possess the beneficial properties such as antiseptic, boosts digestion, used in aromatherapy, antimicrobial, aids proper digestion and relives muscle spasms. These properties are expected to boost the demand for cardamom oil market during the forecast period.

 Segmentation:-

The global cardamom oil market is segmented by type, by applications, and by distribution channels. Cardamom oil market by type is segmented into Amomum cardamom oil and Elettaria cardamom oil. Elettaria cardamom is also known as green cardamom or true cardamom. Amomum cardamom is known as Kravan or black cardamom which is extensively used in cooking. By grade cardamom oil market is segmented into medical grade, cosmetic grade and food grade. By application cardamom oil market is segmented into Food and Beverages, Cosmetics and Personal care, pharmaceutical and others. Among all the segment pharmaceutical segment is expected to have potential market share in terms of value followed by cosmetic and personal care segment. By distribution the cardamom oil market is segmented into Direct and indirect sales channels. Indirect sales is further sub segmented into modern trade, departmental store, E-Commerce, Specialty Store, drug stores and others.

Global Market Drivers and Restraints:-

Rising demand of cardamom oil in the healthcare and pharmaceutical industries due to antibacterial properties which can be used in medicines related to muscles treatment is expected to boost the market. Increasing use of cardamom oil in food, medicine and cosmetics is further expected to bolster the market growth. Cardamom oil is also finding its application in aromatherapy and in other uses like air fresheners will grow the demand of the product in market. Encouraging demand for natural flavoring and coloring agent is also expected to increase the cardamom oil market. Increasing metropolitan population, increasing health awareness and changing lifestyle are some key factors driving the demand for cardamom oil in the global market as these days consumers are more conscious towards products containing natural ingredient and offers various health benefits.

Regional Outlook:-

Asia Pacific is anticipated to be dominating in the cardamom oil market as they are the largest cardamom producer as well accounting the health and personal care advantages of the cardamom oil will increase its demand in the near future. In Asia Pacific region, India and its neighboring countries is expected to be one of the major consumer to for cardamom oil. In terms of the production Latin America is the largest producer of cardamom across the globe followed by Asia Pacific region. Cardamom oil is one of the best flavoring agent thus increasing demand for cardamom oil in bakery, and other culinary products is expected to boost the cardamom oil market in North America and Europe. Its use in aromatherapy is increasing and other such properties will robust the growth of cardamom oil market in Middle East and Africa.

Key Players:-

Some of the major key players of the cardamom oil market are doTERRA International LLC, Shiv Sales Corporation, Green Fields Oil Factory, Elettaria, Shaanix Guanjie Technology, Aromaaz International and Nelixia.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

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

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Cardamom Oil Market

Pre Book