Increasing demand from various downstream markets including food and beverages, pharmaceuticals, personal care and home care product manufacturers is fueling cardamom oil market growth. Global Cardamom Oil Market is majorly used in food and beverages application and it will reach at 1720 tons in 2021. Pharmaceutical application of cardamom oil is growing faster than other application with CAGR of 6.8%. 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.
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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 4307 tons with CAGR of 6.74%.Gautemala is largest producer of cardamom oil and it is estimated that cardamom oil market will reach 1374 tons by the end of 2021. After Guatemala, India is the major producer of cardamom oil and by end of 2021 the cardamom oil market in India will reach at 1213 tons with CAGR of 7.99% which show cardamom oil market is growing faster in India compare to Guatemala.
The leading market players in the global cardamom oil market primarily are Nelixia, Green Fields Oil Factory, Shiv Sales Corporation, Aromaaz Internationa, IL Health & Beauty Natural Oils Co., Inc., Aksuvital, Shaanxi Guanjie Technology Co., Ltd, Natures Natural India, Piping Rock Health Products Llc and Greenleaf Extractions Pvt Ltd
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This granular Global Cardamom Oil Market research report covers the following geographic regions in great detail:
- North America Cardamom Oil Market
- Cardamom Oil Market in Europe
- Asia-Pacific Cardamom Oil Market
- Southeast Korea