Overview:

Market Research Future (MRFR) has released a new report on the global Cardamom Oil Market Analysis. The report presents a comprehensive overview of the global Cardamom Oil Market Analysis and its growth trajectory over the forecast period on the basis of a detailed analysis of the market’s historical growth trajectory and the present hierarchy of the market’s leading segments and players. The report also contains an extensive analysis of the Cardamom Oil Market Analysis’s major drivers and restraints, including a study of the macroeconomic and microeconomic factors propelling the market’s growth.

Cardamom oil is extracted from dried cardamom through the steam distillation process. The oil has significant benefits for hair and skin health and is thus used in a number of personal care products and cosmetics. In addition to these applications, the Cardamom Oil Market Analysis also finds significant demand from the aromatherapy sector. The pharmaceutical sector also exhibits significant demand from the Cardamom Oil Market Analysis.

The growing demand from the pharmaceutical, food and beverage, and cosmetics sectors is likely to remain a major driver for the global Cardamom Oil Market Analysis. Cardamom oil is extracted from two genera of cardamom, found in the Indian subcontinent, Southeast Asia, China, and Central America. Cardamom oil is mainly used in flavoring and coloring applications in the food and beverage industry. The increasing popularity of essential oils in aromatherapy and other alternative healthcare modalities is likely to be a major driver for the global Cardamom Oil Market Analysis.

Segmentation:

The global Cardamom Oil Market Analysis is segmented by type, application, and region.

By type, the global Cardamom Oil Market Analysis is segmented into Elettaria cardamom oil and Amomum cardamom oil. Elettaria cardamom oil, which is known as true cardamom or green cardamom and is grown primarily in India and Guatemala, accounts for the highest share in the global Cardamom Oil Market Analysis in 2016 and is expected to rise at a strong CAGR of 6.72% over the forecast period. In contrast, Amomum cardamom is known as black cardamom and is mainly grown in the Indian subcontinent and China.

By application, the global Cardamom Oil Market Analysis is segmented into food and beverages, pharmaceuticals, personal care products, home care products, and others. The food and beverages segment accounted for more than 40% of the global Cardamom Oil Market Analysis in 2016 and is expected to remain the market leader over the forecast period. The pharmaceutical application segment of the Cardamom Oil Market Analysis is expected to exhibit the highest CAGR of 6.8% over the forecast period.

Regional Analysis:

The global Cardamom Oil Market Analysis is segmented into the Americas and Asia Pacific.

Guatemala is among the leading producers of cardamom in the world and is likely to remain in the position in the coming years. Guatemala’s subtropical climate is ideal for the cultivation of spices, making it ideally suited for cardamom cultivation.

In Asia Pacific, major country-level markets include India, Indonesia, Nepal, and Bhutan. Asia Pacific countries have also emerged as key consumers in the global Cardamom Oil Market Analysis in the last few years due to the growing disposable income of consumers in the region, which has resulted in increasing demand for food and beverages, pharmaceuticals, and personal care products containing cardamom oil. The traditional usage of cardamom in the cuisine of these countries is also helpful for the Cardamom Oil Market Analysis, as it drives the demand for cardamom production. The growing demand for personal care products in Asia Pacific countries is likely to be a major driver for the global Cardamom Oil Market Analysis over the forecast period, as consumers in the region are becoming increasingly concerned about their personal appearance and spending increasing amounts of money on cosmetics and personal care products.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/cardamom-oil-market-2246

Competitive Analysis:

Leading players in the global Cardamom Oil Market Analysis include Nelixia, Shiv Sales Corporation, IL Health Beauty Natural Oils Co. Inc., Shaanxi Guanjie Technology Co. Ltd., Piping Rock Health Products LLC, Greenleaf Extractions Pvt. Ltd., Natures Natural India, Aksuvital, Aromaaz International, and Green Fields Oil Factory.

Industry Updates:

Following the floods in the Indian state of Kerala in 2018, cardamom production in the state has gone down dramatically. As Kerala is one of the leading producers of cardamom in India, this is likely to affect the production figures for cardamom in India over the next year.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited), 

99 Hudson Street,5Th Floor, New York, New York 10013, United States of America