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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

Cardamom Essential Oil Market

Global Cardamom Essential Oil Market: By Nature: Organic, Conventional; By Form: Absolute, Concentrates, Blends; By Distribution Channel: Direct, Indirect; By Application: Food and Beverages, Pharmaceuticals, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Competitive Landscape; Industry Events and Developments

Global Cardamom Essential Oil Market Outlook

The global cardamom essential oil market is being aided by the growth of the overall essential oil market, which reached a volume of 222.48 thousand metric tons in 2022. The global essential oil market is further expected to grow at a CAGR of 7.8% in the forecast period of 2023-2028.

 

Cardamom Essential Oil Market

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Increasing Product Demand for Various Applications to Aid the Cardamom Essential Oil Industry Growth

Based on application, while the food and beverage industry significantly contributes to the market growth, the pharmaceutical industry is expected to drive the demand for cardamom essential oil over the forecast period. The increase in product demand in the pharmaceutical sector can be attributed to the growing awareness regarding the various health benefits offered by cardamom essential oil. It has therapeutic properties and aids in relieving of spasm, prevents microbial infections, improves digestion, and boosts metabolism, among others. Apart from medical benefits, it is also known for its unique flavour and aroma, and, thus, has various applications in culinary field as well as in cosmetics. Based on nature, the organic segment is expected to dominate the market, owing to the growing awareness regarding the health benefits of organic products.

 

The Asia Pacific to Provide Significant Growth Opportunities for the Expansion of the Cardamom Essential Oil Industry

The Asia Pacific is expected to account for a significant share in the industry over the forecast period. Within the Asia Pacific, the major cardamom growing countries include India, Sri Lanka, and Vietnam, among others. India is one of the leading producers of cardamom in the world. The growth of the market in the region can be attributed to the easy availability of cardamom essential oil and the rising preference for natural ingredients. The other significant regions for the product include North America and Europe.

 

Cardamom Essential Oil Market by Application

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Cardamom Essential Oil: Market Segmentation

Cardamom essential oil is obtained from the seeds of cardamom, also known as Elettaria Cardamomum, through the process of steam distillation. It has a spicy-sweet middle note that blends well with spice oils, citrus oils, wood oils, and many others. It provides various health benefits, is considered an aphrodisiac, and can also be used to improve hair and skin health. Some of its major constituents are sabinene, limonene, terpinene, eugenol, cineol, linalool, nerodilol, heptenone, alpha-terpineol, alpha-pinene, myrcene, and others.

Based on nature, the market is bifurcated into:

  • Organic
  • Conventional

The different forms of the product include:

  • Absolute
  • Concentrates
  • Blends

The various applications of cardamom essential oil are:

Based on distribution channel, the industry can be segmented into:

  • Direct
  • Indirect

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Cardamom Essential Oil Market by Region

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Growing Health Awareness and Rising Demand for Natural Products to Boost the Cardamom Essential Oil Industry Growth

The growing health awareness among consumers is leading to a rise in the demand for plant based and natural products, which is pushing the growth of the cardamom essential oil industry forward. This is further supported by the expanding healthcare and pharmaceutical industries, which are one of the major consumers of the product. Other factors like the escalating consumer disposable incomes, growing demand for natural flavouring agents, increasing preference for plant based cosmetic products, and expanding retail sector are significantly contributing to the industry growth. Over the forecast period, the new product launch by the manufacturers and growing R&D activities are expected to boost the sales of the product, thus, further propelling the industry growth.

 

Key Industry Players in the Global Cardamom Essential Oil Market

The report gives a detailed analysis of the following key players in the global cardamom essential oil market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Floracopeia Inc
  • Young Living Essential Oils
  • Naissance Trading & Innovation Co Ltd
  • NOW Health Group, Inc.
  • Florihana Distillerie
  • doTERRA International, LLC
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Nature, Form, Distribution Channel, Application, Region
Breakup by Nature Organic, Conventional
Breakup by Form Absolute, Concentrates, Blends
Breakup by Distribution Channel Direct, Indirect
Breakup by Application Food and Beverages, Cosmetics and Personal Care, Pharmaceuticals, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Floracopeia Inc, Young Living Essential Oils, Naissance Trading & Innovation Co Ltd, NOW Health Group, Inc., Florihana Distillerie, doTERRA International, LLC, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Cardamom Essential Oil Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Cardamom Essential Oil Historical Market (2018-2022) 
    8.3    Global Cardamom Essential Oil Market Forecast (2023-2028)
    8.4    Global Cardamom Essential Oil Market by Nature
        8.4.1    Organic
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    Conventional
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
    8.5    Global Cardamom Essential Oil Market by Form
        8.5.1    Absolute
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Concentrates
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
        8.5.3    Blends
            8.5.3.1    Historical Trend (2018-2022)
            8.5.3.2    Forecast Trend (2023-2028)
    8.6    Global Cardamom Essential Oil Market by Distribution Channel
        8.6.1    Direct
            8.6.1.1    Historical Trend (2018-2022)
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Indirect
            8.6.2.1    Historical Trend (2018-2022)
            8.6.2.2    Forecast Trend (2023-2028)
    8.7    Global Cardamom Essential Oil Market by Application
        8.7.1    Food and Beverages
            8.7.1.1    Historical Trend (2018-2022)
            8.7.1.2    Forecast Trend (2023-2028)
        8.7.2    Cosmetics and Personal Care
            8.7.2.1    Historical Trend (2018-2022)
            8.7.2.2    Forecast Trend (2023-2028)
        8.7.3    Pharmaceuticals
            8.7.3.1    Historical Trend (2018-2022)
            8.7.3.2    Forecast Trend (2023-2028)
        8.7.4    Others 
    8.8    Global Cardamom Essential Oil Market by Region
        8.8.1    North America
            8.8.1.1    Historical Trend (2018-2022)
            8.8.1.2    Forecast Trend (2023-2028)
        8.8.2    Europe
            8.8.2.1    Historical Trend (2018-2022)
            8.8.2.2    Forecast Trend (2023-2028)
        8.8.3    Asia Pacific
            8.8.3.1    Historical Trend (2018-2022)
            8.8.3.2    Forecast Trend (2023-2028)
        8.8.4    Latin America
            8.8.4.1    Historical Trend (2018-2022)
            8.8.4.2    Forecast Trend (2023-2028)
        8.8.5    Middle East and Africa
            8.8.5.1    Historical Trend (2018-2022)
            8.8.5.2    Forecast Trend (2023-2028)
9    North America Cardamom Essential Oil Market Analysis
    9.1    United States of America
        9.1.1    Historical Trend (2018-2022)
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022)
        9.2.2    Forecast Trend (2023-2028)
10    Europe Cardamom  Essential Oil Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022)
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022)
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022)
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022)
        10.4.2    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Cardamom Essential Oil Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022)
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022)
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022)
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022)
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Historical Trend (2018-2022)
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Cardamom Essential Oil Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022)
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022)
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022)
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Cardamom Essential Oil Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022)
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2022)
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022)
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022)
        13.4.2    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Price Analysis
    16.1    North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
    16.2    Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
    16.3    Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
    16.4    Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
    16.5    Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
17    Competitive Landscape
    17.1    Market Structure
    17.2    Company Profiles
        17.2.1    Floracopeia Inc
            17.2.1.1    Company Overview
            17.2.1.2    Product Portfolio
            17.2.1.3    Demographic Reach and Achievements
            17.2.1.4    Certifications
        17.2.2    Young Living Essential Oils
            17.2.2.1    Company Overview
            17.2.2.2    Product Portfolio
            17.2.2.3    Demographic Reach and Achievements
            17.2.2.4    Certifications
        17.2.3    Naissance Trading & Innovation Co Ltd
            17.2.3.1    Company Overview
            17.2.3.2    Product Portfolio
            17.2.3.3    Demographic Reach and Achievements
            17.2.3.4    Certifications
        17.2.4    NOW Health Group, Inc.
            17.2.4.1    Company Overview
            17.2.4.2    Product Portfolio
            17.2.4.3    Demographic Reach and Achievements
            17.2.4.4    Certifications
        17.2.5    Florihana Distillerie
            17.2.5.1    Company Overview
            17.2.5.2    Product Portfolio
            17.2.5.3    Demographic Reach and Achievements
            17.2.5.4    Certifications
        17.2.6    doTERRA International, LLC
            17.2.6.1    Company Overview
            17.2.6.2    Product Portfolio
            17.2.6.3    Demographic Reach and Achievements
            17.2.6.4    Certifications
        17.2.7    Others
18    Key Trends and Developments in the Market

 

Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operations Involved
2    Project Requirements and Cost Analysis
    2.1    Land, Location, and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Raw Materials
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investments

 

List of Key Figures and Tables

1.    Global Cardamom Essential Oil Market: Key Industry Highlights, 2018 and 2028
2.    Global Cardamom Essential Oil Historical Market: Breakup by Nature (Thousand Metric Tons), 2018-2022
3.    Global Cardamom Essential Oil Market Forecast: Breakup by Nature (Thousand Metric Tons), 2023-2028
4.    Global Cardamom Essential Oil Historical Market: Breakup by Form (Thousand Metric Tons), 2018-2022
5.    Global Cardamom Essential Oil Market Forecast: Breakup by Form (Thousand Metric Tons), 2023-2028
6.    Global Cardamom Essential Oil Historical Market: Breakup by Distribution Channel (Thousand Metric Tons), 2018-2022
7.    Global Cardamom Essential Oil Market Forecast: Breakup by Distribution Channel (Thousand Metric Tons), 2023-2028
8.    Global Cardamom Essential Oil Historical Market: Breakup by End Use (Thousand Metric Tons), 2018-2022
9.    Global Cardamom Essential Oil Market Forecast: Breakup by End Use (Thousand Metric Tons), 2023-2028
10.    Global Cardamom Essential Oil Historical Market: Breakup by Distribution Channel (Thousand Metric Tons), 2018-2022
11.    Global Cardamom Essential Oil Market Forecast: Breakup by Distribution Channel (Thousand Metric Tons), 2023-2028
12.    Global Cardamom Essential Oil Historical Market: Breakup by Region (Thousand Metric Tons), 2018-2022
13.    Global Cardamom Essential Oil Market Forecast: Breakup by Region (Thousand Metric Tons), 2023-2028
14.    North America Cardamom Essential Oil Historical Market: Breakup by Country (Thousand Metric Tons), 2018-2022
15.    North America Cardamom Essential Oil Market Forecast: Breakup by Country (Thousand Metric Tons), 2023-2028
16.    Europe Cardamom Essential Oil Historical Market: Breakup by Country (Thousand Metric Tons), 2018-2022
17.    Europe Cardamom Essential Oil Market Forecast: Breakup by Country (Thousand Metric Tons), 2023-2028
18.    Asia Pacific Cardamom Essential Oil Historical Market: Breakup by Country (Thousand Metric Tons), 2018-2022
19.    Asia Pacific Cardamom Essential Oil Market Forecast: Breakup by Country (Thousand Metric Tons), 2023-2028
20.    Latin America Cardamom Essential Oil Historical Market: Breakup by Country (Thousand Metric Tons), 2018-2022
21.    Latin America Cardamom Essential Oil Market Forecast: Breakup by Country (Thousand Metric Tons), 2023-2028
22.    Middle East and Africa Cardamom Essential Oil Historical Market: Breakup by Country (Thousand Metric Tons), 2018-2022
23.    Middle East and Africa Cardamom Essential Oil Market Forecast: Breakup by Country (Thousand Metric Tons), 2023-2028
24.    North America Historical Price Trends and Forecast 2018-2028
25.    Europe Historical Price Trends and Forecast 2018-2028
26.    Asia Pacific Historical Price Trends and Forecast 2018-2028
27.    Latin America Historical Price Trends and Forecast 2018-2028
28.    Middle East and Africa Historical Price Trends and Forecast 2018-2028
29.    Global Cardamom Essential Oil Market Structure

Key Questions Answered in the Report

What was the global cardamom essential oil market size in 2022?

The global cardamom essential oil market is being aided by the rising essential oil industry, which attained a volume of 222.48 thousand metric tons in 2022.

What is the growth rate of the market?

The essential oil market is projected to grow at a CAGR of 7.8% between 2023 and 2028, further supporting the growth of the cardamom essential oil industry.

What are the major industry drivers?

The major drivers of the industry, such as rising disposable incomes, increasing health awareness, rising preference for natural and organic products, thriving pharmaceutical industry, and growing per capita expenditure on food and cosmetic products, are expected to aid the market growth.

What are the key industry trends of the global cardamom essential oil market?

The key market trends guiding the growth of the industry include the launch of new products and growing R&D activities by the manufacturers.

What are the major regional markets of cardamom essential oil, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the leading nature segments of cardamom essential oil in the market?

The leading nature segments of cardamom essential oil in the market are organic and conventional.

What are the major forms of cardamom essential oil in the industry?

The major forms of cardamom essential oil in the industry are absolute, concentrates, and blends.

What are the significant application segments in the market?

The significant application segments in the market are food and beverages, cosmetics and personal care, and pharmaceuticals, among others.

What are the leading distribution channels in the market?

The leading distribution channels in the market are direct and indirect.

Who are the key industry players, according to the report?

The major players in the industry are Floracopeia Inc, Young Living Essential Oils, Naissance Trading & Innovation Co Ltd, NOW Health Group, Inc., Florihana Distillerie, and d?TERRA International, LLC, among others.

Analyst Review

The global cardamom essential oil market is being driven by rising essential oil industry, which reached a volume of 222.48 thousand metric tons in 2022. Aided by the rising R&D activities, the essential oil market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 7.8%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By nature, the market is divided into organic and conventional. Based on form, the industry is segmented into absolute, concentrates, and blends. On the basis of applications, the market is categorised into food and beverages, cosmetics and personal care, and pharmaceuticals, among others. By distribution channel, the industry is bifurcated into direct and indirect. The major regional markets for cardamom essential oil are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Floracopeia Inc, Young Living Essential Oils, Naissance Trading & Innovation Co Ltd, NOW Health Group, Inc., Florihana Distillerie, and doTERRA International, LLC, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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