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Global Cardamom Essential Oil Market to Grow at a Healthy Pace During 2021-2026, Aided by the Growing Demand for Natural Products

According to a new report by EMR titled, ‘Global Cardamom Essential Oil Market Report and Forecast 2021-2026’, the global market for cardamom essential oil is being aided by the essential oil industry, which reached a volume of 191.45 thousand metric tons in 2020 and is expected to grow at a CAGR of 7.8% between 2021 and 2026.

The global cardamom essential oil industry is being aided by the growing product demand for various applications like food and beverage, cosmetics, and others. There has been a rise in demand for cardamom essential oil in culinary applications owing to its unique flavour and aroma. This is significantly contributing to the market growth. Based on region, North America is expected to significantly contribute to the industry growth in the forecast period. This can be attributed to the increasing health consciousness among consumers and the rising preference for natural products in the region. Further, several studies have demonstrated the effectiveness of cardamom in improving digestive health and boosting metabolism. This is expected to enhance its demand in the pharmaceutical and healthcare sector, thus, significantly aiding the industry growth.

The growing demand for clean labelled and organic products is leading manufacturers to use natural ingredients like cardamon essential oil in various formulations. This is expected to aid the sales of the product. The expansion of the e-commerce industry and the easy availability of cardamom essential oil through online platforms like Alibaba Group Holding Ltd (NYSE: BABA) and Amazon.com, Inc. (NASDAQ: AMZN) are expected to further propel the market growth in the forecast period.

Market Breakup by Nature, Form, Application, Distribution Channel, and Region:

  • By nature, the industry can be bifurcated into organic and conventional. 
  • Based on form, the industry can be divided into absolute, concentrates, and blends.
  • On the basis of application, the industry is segmented into food and beverages, pharmaceuticals, and cosmetics and personal care, among others.
  • The various distribution channels of cardamom essential oil are direct and indirect.
  • Region-wise, the global market for cardamom essential oil can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for cardamom essential oil is being driven by the growing awareness regarding the health benefits of cardamom and the rising consumer demand for plant-based products. 
  • The rapid growth of the major end-use industries, particularly cosmetics, is further driving the industry growth. 
  • The market is receiving a further impetus with the increasing consumer disposable incomes and enhancing standards of living. 
  • The rising R&D activities and new product launches are further propelling the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for cardamom essential oil for the periods (2016-2020) and (2021-2026). 
  • The report also offers historical (2016-2020) and forecast (2021-2026) market information for the nature, forms, applications, distribution channels, and major regions of cardamom essential oil.
  • The report also gives the regional historical (2015-2019) and forecast (2020-2025) price trends of the product.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global cardamom essential oil market are Floracopeia Inc, Young Living Essential Oils, Naissance Trading & Innovation Co Ltd, NOW Health Group, Inc., Florihana Distillerie, and doTERRA International, LLC, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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