Cardamom Oil Market

Market Insights

The history of Indian spices dates back to the beginning of human civilization. Spices were inducements to romance, voyages, war, and expeditions. Cardamom has been used since ancient times as medicine and in cooking. It has a fascinating long history dating back about 3,000 years B.C. during the Vedic period. Spices in those days were known to be symbols of luxury and royalty. It was used in manufacturing perfumes during Roman and Greek times. Cardamom is very well known as a spice for its flavor and woody aroma. This property of cardamom makes it applicable for a wide range of applications in the market.

Cardamom essential oil is extracted from the dried seeds of cardamom through hydro distillation, which produces 4–8% of the essential cardamom oil. Nowadays, the CO2 extraction method of essential oils seems to be more in demand, as this is another interesting process used in the extraction of cardamom oil. Cardamom oil consists of advantageous properties such as being antiseptic, antimicrobial, boosting digestion, used in aromatherapy, relieving muscle spasms, and aiding proper digestion. These factors have led to a high demand for cardamom oil in the market.

Based on applications, the global cardamom oil market is segmented into bakery & confectionery, food & beverages, personal care products, medicines, cosmetics, dairy products, and others. Medicines accounted for the majority of the global cardamom oil market due to their beneficial properties. Cosmetics followed medicine application in terms of demand and accounted as the second largest application segment of the global cardamom oil market in 2015. Other applications of cardamom oil, such as bakery & confectionery, food & beverages, dairy products, and personal care products, are also projected to boost high demand for cardamom oil during the forecast period from 2016 to 2022.

The cardamom oil market was valued at US$ 4,655.1 million in 2015 and is expected to reach US$ 6,232.4 million by 2022, growing at a CAGR of 4.3% during the forecast period of 2016–2022.

Purpose of the Report

The purpose of this strategic research study titled “Global Cardamom Oil Market: Growth, Share, Opportunities, and Competitive Analysis, 2015–2022” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them to make informed strategic decisions regarding the opportunities in the global cardamom oil market.

Target Audience

• Industry Investors
• Cardamom Oil Providers and Vendors
• Research Professionals
• Emerging Companies
• Raw Material Suppliers and Buyers
• Product Suppliers and Buyers
• Research Institutes

Overall, the research study provides a holistic view of the global cardamom oil market in terms of growth, offering market size and estimates for the period from 2016 to 2022, keeping in mind the above-mentioned factors.

On the basis of its application, the cardamom oil market is categorized into the following segments:

• Bakery and Confectionary
• Food & Beverages
• Personal care products
• Medicines
• Cosmetics
• Dairy Products
• Others (air fresheners, etc.)

Based on applications, the global cardamom oil market was segmented into bakery & confectionary, food & beverages, personal care products, medicines, cosmetics, dairy products, and others. Among these, medicine applications accounted for a major share of the global cardamom oil market in 2015 and are expected to retain their position in the near future. The beneficial properties of cardamom oil are the major factor driving the growth of cardamom oil worldwide. The advantageous properties of cardamom oil, such as its antibacterial, antispasmodic, and antifungal properties, among others, have attracted the attention of major pharmaceutical industries. Cardamom oil is now used in the manufacturing of a wide range of pharmaceutical drugs and ointments that help in the treatment of muscle pulls and muscle spasms. Hence, high demand is reported for cardamom oil from the pharmaceutical industry worldwide.

Growing demand for cardamom oil from the cosmetic industry is another factor promoting the growth of global cardamom oil in the market. Varieties of cosmetics are manufactured using cardamom oil due to its antibacterial property. Cosmetics accounted for the second largest application of the global cardamom oil market in 2015. Personal care products followed cosmetics in terms of demand for cardamom oil and are expected to boost the high market growth in the near future. Other applications, which include bakery and confectionery, food and beverage, and dairy products, are also expected to boost the high demand for cardamom oil during the forecast period from 2016 to 2022.

On the basis of geography, the global cardamom oil market is segmented into the following categories:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • Italy
  • U.K.
  • Russia
  • Rest of Europe
• Asia-Pacific
  • India
  • China
  • Japan
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

Europe accounted for the largest share of the global cardamom oil market in 2015. It accounted for more than 29.0% of the global cardamom oil market in 2015 and is expected to increase in the near future. High demand for cardamom oil from the healthcare industry, personal care products, cosmetics, and related segments in Europe has led to the high growth of global cardamom oil in the region. Middle East & Africa accounted for the second-largest market for cardamom oil in 2015, as the major producers of cardamom belong to Guatemala.

Asia-Pacific followed the Middle East and Africa in terms of demand for cardamom oil. Increasing demand for cardamom oil from the food and beverage industry in the region is expected to boost the demand for cardamom oil in the market. The use of spices in India is well known, and hence, high demand is expected from the food sector in the region for cardamom oil as a flavoring agent for various delicacies. Other regions, such as Latin America and North America, are also projected to boost the high demand for cardamom oil during the forecast period from 2016 to 2022.

Chapter 1 Preface 15
1.1 Report Description 15
1.1.1 Purpose of the Report 15
1.1.2 Target Audience 15
1.1.3 USP and Key Offerings 15
1.2 Research Scope 16
1.3 Market Segmentation 17
1.4 Research Methodology 17
1.4.1 Phase I – Secondary Research 18
1.4.2 Phase II – Primary Research 18
1.4.3 Phase III – Expert Panel Review 19

Chapter 2 Executive Summary 20
2.1 Market Snapshot: Global Cardamom Oil Market 20
2.2 Global Cardamom Oil Market, By Application 22
2.3 Global Cardamom Oil Market, By Geography 23

Chapter 3 Market Dynamics 24
3.1 Introduction 24
3.1.1 Market Trends and Future Outlook 25
3.2 Market Drivers 25
3.2.1 Significant Demand from Healthcare Industry 25
3.2.2 High Demand from the Cosmetic and Personal Care Products Industry 26
3.3 Market Growth Inhibitors 27
3.3.1 High Price of Cardamom Oil to Hamper Market Demand 27
3.4 Opportunities 28
3.4.1 Few Opportunities for Organic Cardamom Oil in the Global Market 28
3.4.2 Impact Analysis of Drivers and Restraints 28
3.5 Attractive Investment Proposition 30
3.6 Competitive Analysis 31
3.6.1 Market Positioning of Key Companies 31

Chapter 4 Global Cardamom Oil Market Analysis, By Application 33
4.1 Overview 33
4.2 Bakery & Confectionary 34
4.2.1 Global Cardamom Oil Market Volume and Revenue for Bakery & Confectionary, 2013 – 2022 (Tons) (US$ Mn) 35
4.3 Food & Beverages 35
4.3.1 Global Cardamom Oil Market Volume and Revenue for Food & Beverages, 2013 – 2022 (Tons) (US$ Mn) 36
4.4 Personal Care Products 36
4.4.1 Global Cardamom Oil Market Volume and Revenue for Personal Care Products, 2013 – 2022 (Tons) (US$ Mn) 37
4.5 Medicines 37
4.5.1 Global Cardamom Oil Market Volume and Revenue for Medicines, 2013 – 2022 (Tons) (US$ Mn) 38
4.6 Cosmetics 39
4.6.1 Global Cardamom Oil Market Volume and Revenue for Cosmetics, 2013 – 2022 (Tons) (US$ Mn) 39
4.7 Dairy Products 40
4.7.1 Global Cardamom Oil Market Volume and Revenue for Dairy Products, 2013 – 2022 (Tons) (US$ Mn) 40
4.8 Others (Air Fresheners, etc.) 41
4.8.1 Global Cardamom Oil Market Volume and Revenue for Other Applications, 2013 – 2022 (Tons) (US$ Mn) 41

Chapter 5 North America Cardamom Oil Market Analysis 43
5.1 Overview 43
5.1.1 North America Cardamom Oil Market Volume and Revenue, 2013 – 2022 (Tons) (US$ Mn) 43
5.2 North America Cardamom Oil Market Analysis, By Application, 2013 – 2022 (Tons) (US$ Mn) 44
5.3 North America Cardamom Oil Market Analysis, By Country, 2013 – 2022 (Tons) (US$ Mn) 45
5.3.1 U.S. 45
5.3.1 Canada 46

Chapter 6 Europe Cardamom Oil Market Analysis 48
6.1 Overview 48
6.1.1 Europe Cardamom Oil Market Volume and Revenue, 2013 – 2022 (Tons) (US$ Mn) 48
6.2 Europe Cardamom Oil Market Analysis, By Application, 2013 – 2022 (Tons) (US$ Mn) 49
6.3 Europe Cardamom Oil Market Analysis, By Country, 2013 – 2022 (Tons) (US$ Mn) 50
6.3.1 Germany 50
6.3.1 France 51
6.3.2 UK 52
6.3.3 Spain 53
6.3.4 Italy 54
6.3.5 Rest of Europe 55

Chapter 7 Asia Pacific Cardamom Oil Market Analysis 57
7.1 Overview 57
7.1.1 Asia Pacific Cardamom Oil Market Volume and Revenue, 2013 – 2022 (Tons) (US$ Mn) 57
7.2 Asia Pacific Cardamom Oil Market Analysis, By Application, 2013 – 2022 (Tons) (US$ Mn) 58
7.3 Asia Pacific Cardamom Oil Market Analysis, By Country, 2013 – 2022 (Tons) (US$ Mn) 59
7.3.1 China 59
7.3.2 India 61
7.3.3 Indonesia 62
7.3.4 Rest of Asia Pacific 63

Chapter 8 Latin America Cardamom Oil Market Analysis 65
8.1 Overview 65
8.1.1 Latin America Cardamom Oil Market Volume and Revenue, 2013 – 2022 (Tons) (US$ Mn) 65
8.2 Latin America Cardamom Oil Market Analysis, By Application 2013 – 2022 (Tons) (US$ Mn) 66
8.3 Latin America Cardamom Oil Market Analysis, By Country, 2013 – 2022 (Tons) (US$ Mn) 67
8.3.1 Mexico 67
8.3.2 Brazil 68
8.3.3 Rest of Latin America 69

Chapter 9 Middle East & Africa Cardamom Oil Market Analysis 71
9.1 Overview 71
9.1.1 Middle East & Africa Cardamom Oil Market Volume and Revenue, 2013 – 2022 (Tons) (US$ Mn) 71
9.2 Middle East & Africa Cardamom Oil Market Analysis, By Application, 2013 – 2022 (Tons) (US$ Mn) 72
9.3 Middle East & Africa Cardamom Oil Market Analysis, By Country, 2013 – 2022 (Tons) (US$ Mn) 73
9.3.1 UAE 73
9.3.2 Israel 74
9.3.3 Rest of MEA 75

Chapter 10 Company Profiles 77
10.1 Biolandes 77
10.1.1 Biolandes: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 77
10.2 The Lebermuth Company 78
10.2.1 The Lebermuth Company: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 78
10.3 H. Reynaud & Fils (HRF) 79
10.3.1 H. Reynaud & Fils (HRF): Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 79
10.4 Moksha Lifestyle Products 80
10.4.1 Moksha Lifestyle Products: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 80
10.5 Young Living Essential Oils, LC 81
10.5.1 Young Living Essential Oils, LC: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 81
10.6 dōTERRA 82
10.6.1 dōTERRA: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 82
10.7 Synthite Industries Ltd. 83
10.7.1 Synthite Industries Ltd.: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 83
10.8 Bio Extracts (Pvt) Ltd. 84
10.8.1 Bio Extracts (Pvt) Ltd.: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 84
10.9 Payan Bertrand S.A. 85
10.9.1 Payan Bertrand S.A.: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 85
10.10 Imperial Extracts 86
10.10.1 Imperial Extracts: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 86
10.11 Greenleaf Extractions 87
10.11.1 Greenleaf Extractions: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 87
10.12 Reho Natural Ingredients 88
10.12.1 Reho Natural Ingredients: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 88
10.13 XenoBio Herbals 89
10.13.1 XenoBio Herbals: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 89

List of Figures

FIG. 1 Global Cardamom Oil: Market Segmentation 17
FIG. 2 Global Cardamom Oil Market: Research Methodology 18
FIG. 3 Global Cardamom Oil Market Revenue, By Application, 2015 (US$ Mn) 22
FIG. 4 Global Cardamom Oil Market Volume and Revenue, By Geography, 2014-2022 (Tons) (US$ Mn) 23
FIG. 5 Attractive Investment Proposition 30
FIG. 6 Market Positioning of Key Cardamom Oil Companies, 2015 31
FIG. 7 Global Cardamom Oil Market Revenue, By Application, 2015 & 2022 (US$ Mn) 34
FIG. 8 Global Cardamom Oil Market Volume and Revenue for Bakery & Confectionary, 2013 – 2022 (Tons) (US$ Mn) 35
FIG. 9 Global Cardamom Oil Market Volume and Revenue for Food & Beverages, 2013 – 2022 (Tons) (US$ Mn) 36
FIG. 10 Global Cardamom Oil Market Volume and Revenue for Personal Care Products, 2013 – 2022 (Tons) (US$ Mn) 37
FIG. 11 Global Cardamom Oil Market Volume and Revenue for Medicines, 2013 – 2022 (Tons) (US$ Mn) 38
FIG. 12 Global Cardamom Oil Market Volume and Revenue for Cosmetics, 2013 – 2022 (Tons) (US$ M) 39
FIG. 13 Global Cardamom Oil Market Volume and Revenue for Dairy Products, 2013 – 2022 (Tons) (US$ Mn) 40
FIG. 14 Global Cardamom Oil Market Volume and Revenue for Other Applications, 2013 – 2022 (Tons) (US$ Mn) 41
FIG. 15 North America Cardamom Oil Market Volume and Revenue, 2013 – 2022 (Tons) (US$ Mn) 43
FIG. 16 Europe Cardamom Oil Market Volume and Revenue, 2013 – 2022 (Tons) (US$ Mn) 48
FIG. 17 Asia Pacific Cardamom Oil Market Volume and Revenue, 2013 – 2022 (Tons) (US$ Mn) 57
FIG. 18 Latin America Cardamom Oil Market Volume and Revenue, 2013 – 2022 (Tons) (US$ Mn) 65
FIG. 19 Middle East & Africa Cardamom Oil Market Volume and Revenue, 2013 – 2022 (Tons) (US$ Mn) 71

List of Tables

TABLE 1 Market Snapshot: Global Cardamom Oil Market 20
TABLE 2 Impact Indicators 29
TABLE 3 Impact Analysis of Drivers and Restraints 29
TABLE 4 North America Cardamom Oil Market Volume, By Application, 2013 – 2022 (Tons) 44
TABLE 5 North America Cardamom Oil Market Revenue, By Application, 2013 – 2022 (US$ Mn) 45
TABLE 6 U.S. Cardamom Oil Market Volume, By Application, 2013 – 2022 (Tons) 46
TABLE 7 U.S Cardamom Oil Market Revenue, By Application, 2013 – 2022 (US$ Mn) 46
TABLE 8 Canada Cardamom Oil Market Volume, By Application, 2013 – 2022 (Tons) 47
TABLE 9 Canada Cardamom Oil Market Revenue, By Application, 2013 – 2022 (US$ Mn) 47
TABLE 10 Europe Cardamom Oil Market Volume, By Application, 2013 – 2022 (Tons) 49
TABLE 11 Europe Cardamom Oil Market Revenue, By Application, 2013 – 2022 (US$ Mn) 50
TABLE 12 Germany Cardamom Oil Market Volume, By Application, 2013 – 2022 (Tons) 51
TABLE 13 Germany Cardamom Oil Market Revenue, By Application, 2013 – 2022 (US$ Mn) 51
TABLE 14 France Cardamom Oil Market Volume, By Application, 2013 – 2022 (Tons) 52
TABLE 15 France Cardamom Oil Market Revenue, By Application, 2013 – 2022 (US$ Mn) 52
TABLE 16 UK Cardamom Oil Market Volume, By Application, 2013 – 2022 (Tons) 53
TABLE 17 UK Cardamom Oil Market Revenue, By Application, 2013 – 2022 (US$ Mn) 53
TABLE 18 Spain Cardamom Oil Market Volume, By Application, 2013 – 2022 (Tons) 54
TABLE 19 Spain Cardamom Oil Market Revenue, By Application, 2013 – 2022 (US$ Mn) 54
TABLE 20 Italy Cardamom Oil Market Volume, By Application, 2013 – 2022 (Tons) 55
TABLE 21 Italy Cardamom Oil Market Revenue, By Application, 2013 – 2022 (US$ Mn) 55
TABLE 22 Rest of Europe Cardamom Oil Market Volume, By Application, 2013 – 2022 (Tons) 56
TABLE 23 Rest of Europe Cardamom Oil Market Revenue, By Application, 2013 – 2022 (US$ Mn) 56
TABLE 24 Asia Pacific Cardamom Oil Market Volume, By Application, 2013 – 2022 (Tons) 58
TABLE 25 Asia Pacific Cardamom Oil Market Revenue, By Application, 2013 – 2022 (US$ Mn) 59
TABLE 26 China Cardamom Oil Market Volume, By Application, 2013 – 2022 (Tons) 60
TABLE 27 China Cardamom Oil Market Revenue, By Application, 2013 – 2022 (US$ Mn) 60
TABLE 28 India Cardamom Oil Market Volume, By Application, 2013 – 2022 (Tons) 61
TABLE 29 India Cardamom Oil Market Revenue, By Application, 2013 – 2022 (US$ Mn) 62
TABLE 30 Indonesia Cardamom Oil Market Volume, By Application, 2013 – 2022 (Tons) 63
TABLE 31 Indonesia Cardamom Oil Market Revenue, By Application, 2013 – 2022 (US$ Mn) 63
TABLE 32 Rest of Asia Pacific Cardamom Oil Market Volume, By Application, 2013 – 2022 (Tons) 64
TABLE 33 Rest of Asia Pacific Cardamom Oil Market Revenue, By Application, 2013 – 2022 (US$ Mn) 64
TABLE 34 Latin America Cardamom Oil Market, By Application, 2013 – 2022 (Tons) 66
TABLE 35 Latin America Cardamom Oil Market, By Application, 2013 – 2022 (US$ Mn) 67
TABLE 36 Mexico Cardamom Oil Market, By Application, 2013 – 2022 (Tons) 68
TABLE 37 Mexico Cardamom Oil Market, By Application, 2013 – 2022 (US$ Mn) 68
TABLE 38 Brazil Cardamom Oil Market, By Application, 2013 – 2022 (Tons) 69
TABLE 39 Brazil Cardamom Oil Market, By Application, 2013 – 2022 (US$ Mn) 69
TABLE 40 Rest of Latin America Cardamom Oil Market, By Application, 2013 – 2022 (Tons) 70
TABLE 41 Rest of Latin America Cardamom Oil Market, By Application, 2013 – 2022 (US$ Mn) 70
TABLE 42 Middle East & Africa Cardamom Oil Market, By Application, 2013 – 2022 (Tons) 72
TABLE 43 Middle East & Africa Cardamom Oil Market, By Application, 2013 – 2022 (US$ Mn) 73
TABLE 44 UAE Cardamom Oil Market, By Application, 2013 – 2022 (Tons) 74
TABLE 45 UAE Cardamom Oil Market, By Application, 2013 – 2022 (US$ Mn) 74
TABLE 46 Israel Cardamom Oil Market, By Application, 2013 – 2022 (Tons) 75
TABLE 47 Israel Cardamom Oil Market, By Application, 2013 – 2022 (US$ Mn) 75
TABLE 48 Rest of MEA Cardamom Oil Market, By Application, 2013 – 2022 (Tons) 76
TABLE 49 Rest of MEA Cardamom Oil Market, By Application, 2013 – 2022 (US$ Mn) 76
TABLE 50 Biolandes: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 77
TABLE 51 The Lebermuth Company: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 78
TABLE 52 H. Reynaud & Fils (HRF): Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 79
TABLE 53 Moksha Lifestyle Products: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 80
TABLE 54 Young Living Essential Oils, LC: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 81
TABLE 55 dōTERRA: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 82
TABLE 56 Synthite Industries Ltd.: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 83
TABLE 57 Bio Extracts (Pvt) Ltd.: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 84
TABLE 58 Payan Bertrand S.A.: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 85
TABLE 59 Imperial Extracts: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 86
TABLE 60 Greenleaf Extractions: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 87
TABLE 61 Reho Natural Ingredients: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 88
TABLE 62 XenoBio Herbals: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 89