Market Research Future (Food and Beverages) Cardamom Oil Market Research Report | Page 3

Global Cardamom Oil Market Research Report- Forecast to 2022
2 Market Overview
Cardamom oil is extracted from dried cardamom through the steam distillation procedure which is used in various
application such as food processing, pharmaceutical, fragrance in soaps and perfumers etc. The cardamom oil
extract is comprises various essential components like pinene, methyl eugenol, sabinene, geraniol, linalyl acetate,
myrcene, nerol, phellandrene, citronellol, linalool, limonene, a-terpineol acetate, 1, 8-cineole, terpinene, a-terpineol,
p-cymene, terpinen-4-oil, terpinolene, and trans-nerolidol. The demand for cardamom oil is significantly increasing
due to its numerous benefits for health, skin, and hair. It is finds wide application in aromatherapy.
Cardamom oil market has been growing with increasing consumer awareness about health benefits of cardamom
oil and its rising application in personal care products is also supporting the market growth. Increasing popularity of
essential oil will boost cardamom oil sales and by 2021, cardamom oil sales will reach 4,307 tons with CAGR of
6.74%.Gautemala is largest producer of cardamom oil and it is estimated that cardamom oil market will grow at a
CAGR of 6.02% during the period 2016-2021. After Guatemala, India is the major producer of cardamom oil is
projected to grow at a CAGR of 7.99% during the same period.
Segmental Analysis:
The segmentation of the market for cardamom oil is carried out on the basis of application and type. The market
segmentation on the basis of type comprises of amomum (costatum/ subulatum) cardamom oil and elettaria
cardamom oil. The segmentation on the basis of application comprises of pharmaceuticals, food and beverages,
home care products, personal care products and others. The regions encompassed in the market are America and
Asia Pacific.
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