Cardamom Oil Market Size, Industry Trends & Growth Analsyis to 2030

Global Cardamom Oil Market Size, Share, Trends, Industry Growth by Source (Natural, Organic), by Form (Absolute, Concentrates, Blends), by Application, by Distribution Channel, by Region, and Forecast to 2030

Report ID: RC17044 | Report Format: PDF + Excel | Starting Price: 3600/- USD |

The global cardamom oil market is anticipated to register a significant CAGR of around 4% during the forecast period from 2024 to 2030. The increasing popularity in the food and beverage industry, driven by a rising demand for unique and natural flavors is driving the market growth significantly. Moreover, the health and wellness trend has played a crucial role, with consumers seeking natural remedies, and cardamom oil, known for its potential health benefits, aligns well with this inclination. In the cosmetic and personal care sector, the aromatic properties of cardamom oil contribute to its desirability, while its applications in traditional medicine systems and pharmaceuticals further boost market demand. Evolving consumer preferences towards authentic and natural ingredients, advancements in extraction technologies, and considerations of sustainable and ethical sourcing practices also contribute to the growth and dynamics of the cardamom oil market.

Market Snapshot:

Benchmark Year		2023
Market Size
Market Growth (CAGR)		~ 4% (2024 – 2030)
Largest Market Share		Europe
Analysis Period		2020-2030
Market Players		Green Fields Oil Factory, Plant Therapy Essential Oils, Lionel Hitchen Essential Oils, Aromaaz International, and IL Health and Beauty Natural Oils Co. Inc.

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Market Drivers:

Growing Demand in Food and Beverage Industry: Cardamom oil has become increasingly popular in the food and beverage sector due to its distinct and exotic flavor profile. As consumers seek unique and natural tastes in their culinary experiences, the demand for cardamom oil as a flavoring agent has risen.

Health and Wellness Trends: The pervasive trend of prioritizing health and wellness has positively impacted the cardamom oil market. Consumers are drawn to natural remedies and products perceived to have health benefits. Cardamom oil, known for potential digestive and respiratory advantages, aligns well with this wellness-oriented consumer mindset.

Cosmetic and Personal Care Products: The aromatic properties of cardamom oil make it a desirable ingredient in the cosmetic and personal care industry. Its inclusion in perfumes, soaps, and other beauty products adds both fragrance and a natural appeal, contributing to its demand in this market segment.

Pharmaceutical Applications: Cardamom oil has found applications in traditional medicine systems, particularly in certain regions where it is recognized for its potential therapeutic properties. The pharmaceutical sector’s adoption of cardamom oil further bolsters its market growth.

Changing Consumer Preferences: Evolving consumer preferences, driven by a desire for authenticity and natural ingredients, have played a pivotal role in the cardamom oil market. The shift towards natural flavors and ingredients has favored cardamom oil as a sought-after choice.

Global Trade and Supply Chain Dynamics: The dynamics of global trade and supply chains significantly influence the cardamom oil market. Factors such as changes in production, export regulations, and geopolitical considerations can impact the availability and pricing of cardamom oil on the global stage.

Technological Advances in Extraction Methods: Ongoing advancements in extraction technologies have enhanced the efficiency of obtaining cardamom oil. This not only contributes to a more cost-effective production process but also ensures a higher quality of the final product, thereby fostering market growth.

Awareness of Sustainable and Ethical Sourcing: With increasing awareness of environmental and social responsibility, businesses and consumers are placing importance on sustainable and ethically sourced products. Companies that adhere to such practices in the production and sourcing of cardamom oil may gain a competitive advantage in the market.

Market Insights:

The global cardamom oil market is bifurcated into source, form, application, distribution channel, and geography. On the basis of form, the market is further segmented into absolute, concentrates, and blends. The concentrate form segment is estimated to hold a significant revenue share in 2023 due to its versatility. Concentrates offer a potent form of cardamom oil, suitable for various applications in the food and beverage, cosmetic, and pharmaceutical industries. Businesses often prefer concentrates for their strong flavor or fragrance, allowing for effective incorporation into end products.

Absolute: Cardamom absolute oil is a highly concentrated form extracted from cardamom seeds. It is obtained through a meticulous extraction process, often using solvent extraction or enfleurage. Cardamom absolute retains the rich aromatic profile and therapeutic properties of the plant, making it a valuable ingredient in perfumery, aromatherapy, and high-end cosmetic formulations.

Concentrates: Cardamom oil concentrates are formulations derived from the distillation or extraction of cardamom seeds or pods. These concentrates are typically more potent than standard essential oils and may undergo additional processing to enhance their aroma or concentration. Cardamom oil concentrates find applications in various industries, including food and beverage, cosmetics, and pharmaceuticals, where a strong cardamom flavor or fragrance is desired.

Blends: Cardamom oil blends refer to formulations that combine cardamom oil with other essential oils or carrier oils to create customized products with specific properties or scents. Blends can be tailored to meet different market needs, such as relaxation, revitalization, or therapeutic benefits. Cardamom oil blends are commonly used in aromatherapy, massage oils, candles, and personal care products, offering a unique and harmonious aromatic experience.

The cardamom oil market research report presents the analysis of each segment from 2020 to 2030 considering 2023 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2024 to 2030.

Historical & Forecast Period

2020-22 – Historical Year
2023 – Base Year
2024-2030 – Forecast Period

Market Segmentation:

By Source:

Natural
Organic

By Form:

Absolute
Concentrates
Blends

By Application:

Therapeutics
Aromatherapy
Food and Beverages
Cosmetics
Toiletries
Fragrances
Home

By Distribution Channel:

Modern Trade
Franchise Outlets
Specialty Stores
Online
Others

By Region:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Regional Analysis:

Geographically, the Europe is estimated to register the fastest CAGR during the forecast period from 2024 to 2030. The estimated fastest CAGR for cardamom oil in Europe is attributed to a convergence of factors aligning with evolving consumer preferences and market trends. The increasing awareness among European consumers regarding the health benefits of natural and herbal products, coupled with a rising interest in diverse and natural flavors, propels the demand for cardamom oil in the food and beverage sector. The unique aromatic profile of cardamom positions it as a favored ingredient in culinary applications, contributing to its growth in this market segment. Additionally, the expanding market for natural cosmetics and personal care products in Europe further augments the demand for cardamom oil, known for its aromatic properties, contributing to its accelerated growth in the region.

Furthermore, the European market’s inclination towards wellness practices and aromatherapy plays a pivotal role in driving the adoption of essential oils, including cardamom oil. As consumers seek natural remedies and relaxation methods, the demand for cardamom oil in aromatherapy applications is on the rise. The region’s emphasis on sustainability and ethical sourcing aligns with market preferences for responsibly sourced natural products. Companies adhering to these practices in cardamom oil production and sourcing are likely to gain favor, contributing to the projected fast CAGR in the European cardamom oil market.

Competitive Assessment:

Some of the prominent market players operating in the global cardamom oil market are Green Fields Oil Factory, Plant Therapy Essential Oils, Lionel Hitchen Essential Oils, Aromaaz International, and IL Health and Beauty Natural Oils Co. Inc. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

Green Fields Oil Factory
Plant Therapy Essential Oils
Lionel Hitchen Essential Oils
Aromaaz International
IL Health and Beauty Natural Oils Co. Inc.
Aksuvital
Shaanxi Guanjie Technology Co.
Natures Natural India
Young Living Essential Oils
Greenleaf Extractions Pvt. Ltd.
Biolandes and The Lebermuth Company

Key Questions Answered by Cardamom Oil Market Report

Global cardamom oil market forecasts from 2024-2030
Regional market forecasts from 2024-2030 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
Country-level forecasts from 2024-2030 covering 15 major countries from the regions as mentioned above
Cardamom oil submarket forecasts from 2024-2030 covering the market by source, form, application, distribution channel, and geography
Various industry models such as SWOT analysis, Value Chain Analysis about the market
Analysis of the key factors driving and restraining the growth of the global, regional, and country-level cardamom oil markets from 2024-2030
Competitive Landscape and market positioning of top 10 players operating in the market

Table of Contents:

1. Preface

1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

2. Executive Summary

2.1. Global Cardamom Oil Market Portraiture
2.2. Global Cardamom Oil Market, by Source, 2023 (USD Mn)
2.3. Global Cardamom Oil Market, by Form, 2023 (USD Mn)
2.4. Global Cardamom Oil Market, by Application, 2023 (USD Mn)
2.5. Global Cardamom Oil Market, by Distribution Channel, 2023 (USD Mn)
2.6. Global Cardamom Oil Market, by Geography, 2023 (USD Mn)

3. Global Cardamom Oil Market Analysis

3.1. Cardamom Oil Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. PESTLE Analysis

4. Global Cardamom Oil Market by Source, 2020 – 2030 (USD Mn)

4.1. Overview
4.2. Natural
4.3. Organic

5. Global Cardamom Oil Market by Form, 2020 – 2030 (USD Mn)

5.1. Overview
5.2. Absolute
5.3. Concentrates
5.4. Blends

6. Global Cardamom Oil Market by Application, 2020 – 2030 (USD Mn)

6.1. Overview
6.2. Therapeutics
6.3. Aromatherapy
6.4. Food and Beverages
6.5. Cosmetics
6.6. Toiletries
6.7. Fragrances
6.8. Home

7. Global Cardamom Oil Market by Distribution Channel, 2020 – 2030 (USD Mn)

7.1. Overview
7.2. Modern Trade
7.3. Franchise Outlets
7.4. Specialty Stores
7.5. Online
7.6. Others

8. North America Cardamom Oil Market Analysis and Forecast, 2020 – 2030 (USD Mn)

8.1. Overview
8.2. North America Cardamom Oil Market by Source, (2020-2030 USD Mn)
8.3. North America Cardamom Oil Market by Form, (2020-2030 USD Mn)
8.4. North America Cardamom Oil Market by Application, (2020-2030 USD Mn)
8.5. North America Cardamom Oil Market by Distribution Channel, (2020-2030 USD Mn)
8.6. North America Cardamom Oil Market by Country, (2020-2030 USD Mn)
8.6.1. U.S.
8.6.1.1. U.S. Cardamom Oil Market by Source, (2020-2030 USD Mn)
8.6.1.2. U.S. Cardamom Oil Market by Form, (2020-2030 USD Mn)
8.6.1.3. U.S. Cardamom Oil Market by Application, (2020-2030 USD Mn)
8.6.1.4. U.S. Cardamom Oil Market by Distribution Channel, (2020-2030 USD Mn)
8.6.2. Canada
8.6.2.1. Canada Cardamom Oil Market by Source, (2020-2030 USD Mn)
8.6.2.2. Canada Cardamom Oil Market by Form, (2020-2030 USD Mn)
8.6.2.3. Canada Cardamom Oil Market by Application, (2020-2030 USD Mn)
8.6.2.4. Canada Cardamom Oil Market by Distribution Channel, (2020-2030 USD Mn)
8.6.3. Mexico
8.6.3.1. Mexico Cardamom Oil Market by Source, (2020-2030 USD Mn)
8.6.3.2. Mexico Cardamom Oil Market by Form, (2020-2030 USD Mn)
8.6.3.3. Mexico Cardamom Oil Market by Application, (2020-2030 USD Mn)
8.6.3.4. Mexico Cardamom Oil Market by Distribution Channel, (2020-2030 USD Mn)

9. Europe Cardamom Oil Market Analysis and Forecast, 2021 - 2030 (USD Mn)

9.1. Overview
9.2. Europe Cardamom Oil Market by Source, (2020-2030 USD Mn)
9.3. Europe Cardamom Oil Market by Form, (2020-2030 USD Mn)
9.4. Europe Cardamom Oil Market by Application, (2020-2030 USD Mn)
9.5. Europe Cardamom Oil Market by Distribution Channel, (2020-2030 USD Mn)
9.6. Europe Cardamom Oil Market by Country, (2020-2030 USD Mn)
9.6.1. Germany
9.6.1.1. Germany Cardamom Oil Market by Source, (2020-2030 USD Mn)
9.6.1.2. Germany Cardamom Oil Market by Form, (2020-2030 USD Mn)
9.6.1.3. Germany Cardamom Oil Market by Application, (2020-2030 USD Mn)
9.6.1.4. Germany Cardamom Oil Market by Distribution Channel, (2020-2030 USD Mn)
9.6.2. U.K.
9.6.2.1. U.K. Cardamom Oil Market by Source, (2020-2030 USD Mn)
9.6.2.2. U.K. Cardamom Oil Market by Form, (2020-2030 USD Mn)
9.6.2.3. U.K. Cardamom Oil Market by Application, (2020-2030 USD Mn)
9.6.2.4. U.K. Cardamom Oil Market by Distribution Channel, (2020-2030 USD Mn)
9.6.3. France
9.6.3.1. France Cardamom Oil Market by Source, (2020-2030 USD Mn)
9.6.3.2. France Cardamom Oil Market by Form, (2020-2030 USD Mn)
9.6.3.3. France Cardamom Oil Market by Application, (2020-2030 USD Mn)
9.6.3.4. France Cardamom Oil Market by Distribution Channel, (2020-2030 USD Mn)
9.6.4. Spain
9.6.4.1. Spain Cardamom Oil Market by Source, (2020-2030 USD Mn)
9.6.4.2. Spain Cardamom Oil Market by Form, (2020-2030 USD Mn)
9.6.4.3. Spain Cardamom Oil Market by Application, (2020-2030 USD Mn)
9.6.4.4. Spain Cardamom Oil Market by Distribution Channel, (2020-2030 USD Mn)
9.6.5. Italy
9.6.5.1. Italy Cardamom Oil Market by Source, (2020-2030 USD Mn)
9.6.5.2. Italy Cardamom Oil Market by Form, (2020-2030 USD Mn)
9.6.5.3. Italy Cardamom Oil Market by Application, (2020-2030 USD Mn)
9.6.5.4. Italy Cardamom Oil Market by Distribution Channel, (2020-2030 USD Mn)
9.6.6. Rest of Europe
9.6.6.1. Rest of Europe Cardamom Oil Market by Source, (2020-2030 USD Mn)
9.6.6.2. Rest of Europe Cardamom Oil Market by Form, (2020-2030 USD Mn)
9.6.6.3. Rest of Europe Cardamom Oil Market by Application, (2020-2030 USD Mn)
9.6.6.4. Rest of Europe Cardamom Oil Market by Distribution Channel, (2020-2030 USD Mn)

10. Asia Pacific Cardamom Oil Market Analysis and Forecast, 2021 - 2030 (USD Mn)

10.1. Overview
10.2. Asia Pacific Cardamom Oil Market by Source, (2020-2030 USD Mn)
10.3. Asia Pacific Cardamom Oil Market by Form, (2020-2030 USD Mn)
10.4. Asia Pacific Cardamom Oil Market by Application, (2020-2030 USD Mn)
10.5. Asia Pacific Cardamom Oil Market by Distribution Channel, (2020-2030 USD Mn)
10.6. Asia Pacific Cardamom Oil Market by Country, (2020-2030 USD Mn)
10.6.1. China
10.6.1.1. China Cardamom Oil Market by Source, (2020-2030 USD Mn)
10.6.1.2. China Cardamom Oil Market by Form, (2020-2030 USD Mn)
10.6.1.3. China Cardamom Oil Market by Application, (2020-2030 USD Mn)
10.6.1.4. China Cardamom Oil Market by Distribution Channel, (2020-2030 USD Mn)
10.6.2. Japan
10.6.2.1. Japan Cardamom Oil Market by Source, (2020-2030 USD Mn)
10.6.2.2. Japan Cardamom Oil Market by Form, (2020-2030 USD Mn)
10.6.2.3. Japan Cardamom Oil Market by Application, (2020-2030 USD Mn)
10.6.2.4. Japan Cardamom Oil Market by Distribution Channel, (2020-2030 USD Mn)
10.6.3. India
10.6.3.1. India Cardamom Oil Market by Source, (2020-2030 USD Mn)
10.6.3.2. India Cardamom Oil Market by Form, (2020-2030 USD Mn)
10.6.3.3. India Cardamom Oil Market by Application, (2020-2030 USD Mn)
10.6.3.4. India Cardamom Oil Market by Distribution Channel, (2020-2030 USD Mn)
10.6.4. South Korea
10.6.4.1. South Korea Cardamom Oil Market by Source, (2020-2030 USD Mn)
10.6.4.2. South Korea Cardamom Oil Market by Form, (2020-2030 USD Mn)
10.6.4.3. South Korea Cardamom Oil Market by Application, (2020-2030 USD Mn)
10.6.4.4. South Korea Cardamom Oil Market by Distribution Channel, (2020-2030 USD Mn)
10.6.5. Rest of Asia Pacific
10.6.5.1. Rest of Asia Pacific Cardamom Oil Market by Source, (2020-2030 USD Mn)
10.6.5.2. Rest of Asia Pacific Cardamom Oil Market by Form, (2020-2030 USD Mn)
10.6.5.3. Rest of Asia Pacific Cardamom Oil Market by Application, (2020-2030 USD Mn)
10.6.5.4. Rest of Asia Pacific Cardamom Oil Market by Distribution Channel, (2020-2030 USD Mn)

11. Latin America (LATAM) Cardamom Oil Market Analysis and Forecast, 2021 - 2030 (USD Mn)

11.1. Overview
11.2. Latin America Cardamom Oil Market by Source, (2020-2030 USD Mn)
11.3. Latin America Cardamom Oil Market by Form, (2020-2030 USD Mn)
11.4. Latin America Cardamom Oil Market by Application, (2020-2030 USD Mn)
11.5. Latin America Cardamom Oil Market by Distribution Channel, (2020-2030 USD Mn)
11.6. Latin America Cardamom Oil Market by Country, (2020-2030 USD Mn)
11.6.1. Brazil
11.6.1.1. Brazil Cardamom Oil Market by Source, (2020-2030 USD Mn)
11.6.1.2. Brazil Cardamom Oil Market by Form, (2020-2030 USD Mn)
11.6.1.3. Brazil Cardamom Oil Market by Application, (2020-2030 USD Mn)
11.6.1.4. Brazil Cardamom Oil Market by Distribution Channel, (2020-2030 USD Mn)
11.6.2. Argentina
11.6.2.1. Argentina Cardamom Oil Market by Source, (2020-2030 USD Mn)
11.6.2.2. Argentina Cardamom Oil Market by Form, (2020-2030 USD Mn)
11.6.2.3. Argentina Cardamom Oil Market by Application, (2020-2030 USD Mn)
11.6.2.4. Argentina Cardamom Oil Market by Distribution Channel, (2020-2030 USD Mn)
11.6.3. Rest of Latin America
11.6.3.1. Rest of Latin America Cardamom Oil Market by Source, (2020-2030 USD Mn)
11.6.3.2. Rest of Latin America Cardamom Oil Market by Form, (2020-2030 USD Mn)
11.6.3.3. Rest of Latin America Cardamom Oil Market by Application, (2020-2030 USD Mn)
11.6.3.4. Rest of Latin America Cardamom Oil Market by Distribution Channel, (2020-2030 USD Mn)

12. Middle East and Africa Cardamom Oil Market Analysis and Forecast, 2021 - 2030 (USD Mn)

12.1. Overview
12.2. MEA Cardamom Oil Market by Source, (2020-2030 USD Mn)
12.3. MEA Cardamom Oil Market by Form, (2020-2030 USD Mn)
12.4. MEA Cardamom Oil Market by Application, (2020-2030 USD Mn)
12.5. MEA Cardamom Oil Market by Distribution Channel, (2020-2030 USD Mn)
12.6. Middle East and Africa Cardamom Oil Market, by Country, (2020-2030 USD Mn)
12.6.1. GCC
12.6.1.1. GCC Cardamom Oil Market by Source, (2020-2030 USD Mn)
12.6.1.2. GCC Cardamom Oil Market by Form, (2020-2030 USD Mn)
12.6.1.3. GCC Cardamom Oil Market by Application, (2020-2030 USD Mn)
12.6.1.4. GCC Cardamom Oil Market by Distribution Channel, (2020-2030 USD Mn)
12.6.2. South Africa
12.6.2.1. South Africa Cardamom Oil Market by Source, (2020-2030 USD Mn)
12.6.2.2. South Africa Cardamom Oil Market by Form, (2020-2030 USD Mn)
12.6.2.3. South Africa Cardamom Oil Market by Application, (2020-2030 USD Mn)
12.6.2.4. South Africa Cardamom Oil Market by Distribution Channel, (2020-2030 USD Mn)
12.6.3. Rest of MEA
12.6.3.1. Rest of MEA Cardamom Oil Market by Source, (2020-2030 USD Mn)
12.6.3.2. Rest of MEA Cardamom Oil Market by Form, (2020-2030 USD Mn)
12.6.3.3. Rest of MEA Cardamom Oil Market by Application, (2020-2030 USD Mn)
12.6.3.4. Rest of MEA Cardamom Oil Market by Distribution Channel, (2020-2030 USD Mn)

13. Competitive Landscape

13.1. Company Market Share Analysis, 2023
13.2. Competitive Dashboard
13.3. Competitive Benchmarking
13.4. Geographic Presence Heatmap Analysis
13.5. Company Evolution Matrix
13.5.1. Star
13.5.2. Pervasive
13.5.3. Emerging Leader
13.5.4. Participant
13.6. Strategic Analysis Heatmap Analysis
13.7. Key Developments and Growth Strategies
13.7.1. Mergers and Acquisitions
13.7.2. New Product Launch
13.7.3. Joint Ventures
13.7.4. Others

14. Company Profiles

14.1. Green Fields Oil Factory
14.1.1. Business Description
14.1.2. Financial Health and Budget Allocation
14.1.3. Product Positions/Portfolio
14.1.4. Recent Development
14.1.5. SWOT Analysis
14.2. Plant Therapy Essential Oils
14.3. Lionel Hitchen Essential Oils
14.4. Aromaaz International
14.5. IL Health and Beauty Natural Oils Co. Inc.
14.6. Aksuvital
14.7. Shaanxi Guanjie Technology Co.
14.8. Natures Natural India
14.9. Young Living Essential Oils
14.10. Greenleaf Extractions Pvt. Ltd.
14.11. Biolandes and The Lebermuth Company

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