Shrink Sleeve Labels Market 2016 market Share, Regional Analysis and Cardamom Oil Market Overview, Top Manufacturers, I | Page 2
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Market Forecast
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%. Indian Cardamom Oil is projected to grow at CAGR of 7.99%
during the forecasted period 2016-2021.
Regional Analysis
Global Cardamom Oil Market is segmented into America and Asia Pacific along with rest of the world
(RoW). Among this Asia Pacific region is dominating the cardamom oil market. In Asia Pacific region
cardamom oil market is dominated by India, Indonesia, Nepal and Bhutan. After Asia pacific region
Central America is the major producer of cardamom oil and this region is majorly dominated by
Guatemala which is also a largest producer of cardamom in the world.
Application Analysis-
Cardamom Oil is made from two genre of cardamom plants i.e. Elettaria and Amomum (Subulatum/
costatum). Elettaria is also known as true cardamom or green cardamom which is mostly grows in India
and Guatemala whereas Amomum is known as black cardamom or java cardamom which is mainly found
in China and India subcontinent. Depend upon these two types of cardamom plants (i.e. Elettaria and
Amomum), cardamom oil is segmented in to Elettaria cardamom oil and Amomum subulatum cardamom
oil. Elettaria cardamom oil has the major market share and contributing more than 50% market in the year
2016. The cardamom oil market is driven by factors including rising demand for natural flavoring and
coloring agent in food. Increasing demand for various purposes industrial including food and beverages,
pharmaceuticals, personal care and home care product manufacturers is fueling cardamom oil market
growth. Cardamom oil is majorly used in food and beverages application followed by pharmaceuticals.
Rising popularity of cardamom oil uses in aromatherapy is changing the market dynamics of cardamom
oil market. Manufacturers are using various promotional channels to increase awareness about health
benefits of cardamom oil to increase customer base which are not aware of cardamom oil benefits.
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Market Segmentation-
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