Cardamom Oil Market Analysis By Major Manufacturers and Competitive landscape 2022-2030
Research Reports
Jul 14, 2023
Market Research Future Insights
According to MRFR analysis, the global cardamom oil market is expected to register a CAGR of 8.31% from 2022 to 2030 and hold a value of over USD 869 million by 2030.
The cardamom oil market refers to the global industry involved in the production, extraction, and distribution of essential oil derived from the seeds of the cardamom plant. Cardamom oil is widely used in the food and beverage industry, as well as in cosmetics, pharmaceuticals, and aromatherapy, due to its distinct flavor, fragrance, and potential health benefits. The COVID-19 pandemic has had a mixed impact on the cardamom oil market. On one hand, the pandemic disrupted the global supply chain and resulted in logistical challenges, affecting the production and distribution of cardamom oil. Lockdowns, travel restrictions, and labor shortages impacted the harvesting and processing of cardamom pods, which are the source of the oil. On the other hand, the pandemic also increased the demand for natural and herbal products, including essential oils, as consumers sought wellness and immunity-boosting solutions.
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Key Players
Some of the market key players are Essential Oils Company, doTERRA, Edens Garden, Miracle Botanicals, Aura Cacia, Simply Earth, Plant Therapy, Piping Rock, Healing Solutions, Timpanogos Essentials and Aromatics International
Market Segmentation
The Global cardamom oil market has been segmented into type and application
Based on type: conventional and organic types
Based on Application: Health & Wellness- Aromatherapy, Essential Oils, Cold Cough and Flu, Foot Care, FSA and HSA Shop, Health & Wellness Products, Massage, Medicine Cabinet Essentials, Sleep Support, Smoking Cessation, Vitamins & Supplements
Home-Oil Diffusers, Household Supplies and Home Fragrance
Personal Care Industry-Shaving & Beard Care, Hair Care, Bath & Shower, Body & Face Skin Care, Fragrances, Oral Care, Premium Beauty
Pharmaceutical Industry, Food & Beverages- Ready Meal & Mixes, Food Combo, Pickle, Biscuit, Cookie and Rusk, Baking Ingredients, Coffee, Tea and Beverages
Automotive Industry and Others
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Regional Analysis
The Asia-Pacific region, particularly India, is a major producer of cardamom oil. The pandemic impacted cardamom cultivation and processing activities in the region due to restrictions on movement and labor availability. However, the region also experienced increased domestic demand for cardamom oil, driven by traditional uses in Ayurvedic medicine and culinary applications. Several countries in the Middle East, such as Saudi Arabia, UAE, and Qatar, are significant consumers of cardamom oil, primarily for use in traditional perfumes and flavoring foods and beverages. The pandemic affected the hospitality sector in these countries, which impacted the demand for cardamom oil in the foodservice industry. These regions are major importers and consumers of cardamom oil, primarily for the food and beverage sector. The pandemic disrupted the supply chain, leading to temporary shortages and price fluctuations. However, the demand for natural flavors and wellness products supported the consumption of cardamom oil in various applications.
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