Cardamom Essential Oil Market: Introduction:
Cardamom Essential Oil is one kind of oil that is extracted from the seeds of Cardamom which is also known as Elettaria Cardamomum. Some of the main constituents of the Cardamom Essential Oils are sabinene, limonene, terpinene, eugenol, cineol, nerol, geraniol, linalool, nerodilol, heptenone, borneol, alpha-terpineol, beta Terpineol, terpinyl Acetate, alpha-Pinene, myrcene, cymene, neryl acetate, methyl heptenone, linalyl acetate, and heptacosane. Cardamom Essential Oil has a wide range of health benefits like relieving of spasm, prevention of microbial infections, boots metabolism, improves digestion, cures sexual weakness and other such benefits. Apart from medical benefits, oil has its application in culinary fields and food industries.
Cardamom Essential Oil Market: Segmentation:
Cardamom Essential Oil market can be segmented into Nature, Functions, End User and distribution.
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On the basis of Nature, Cardamom Essential Oil is segmented into Organic and Conventional. Owing to the rising demand for organic products in the global market, Organic segment is being anticipated to have higher value share as compared to the conventional sector in the forecast period.
On the basis of Functions, Cardamom Essential Oil is segmented into antiseptic, antimicrobial, aphrodisiac, astringent, digestive, stomachic and stimulant. Owing to the large scale application of Cardamom Essential Oil in the pharmaceutical industries, Cardamom Essential Oil as antiseptic, antimicrobial and digestive properties is being expected to grow at a significant rate in terms of value sales.
On the basis of End User, the Cardamom Essential Oil is segmented into Retailer and Industrial. The industrial sector is being further sub segmented into Food Industry and Pharmaceutical Industry. Since Cardamom Essential Oil is being used in large scale in pharmaceutical industry especially in the healthcare sectors, the volume share of Cardamom Essential Oil in pharmaceutical is being anticipated to have higher share as compared to other end users.
On the basis of Distribution, the Cardamom Essential Oil can be segmented into Direct and Indirect. The Indirect channel is further sub segmented into Supermarket/Hypermarket, Specialty Store and E-Retailers. Due to its large scale commercial application especially in the pharmaceutical industry, the value sales for direct channel is being expected to be higher as compared to indirect channel in the forecast period. Due to rising internet penetration in the global market, the E-Retailers witness faster growth rate in terms of volume sales.
Cardamom Essential Oil Market: Regional Outlook:
The global Cardamom Essential Oil market has been categorized into seven key regions including North America and Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Japan, and the Middle East & Africa. Essential Oil market is projected to grow at 5.9% during the forecast period. APAC region is estimated to dominate the market with more than 50% of market share followed by America in the year 2017. France, Italy and Germany are major essential oil producers in the Europe region. Guatemala, India, Srilanka, Tanzania, El Salvador, Vietnam, Laos, Cambodia and Papua New Guinea are the major cardamom growing countries. The world production of cardamom is around 36000 tonnes /annum. Guatemala with a production of 23000 tonnes is the largest producer of cardamom followed by India and Tanzania. The major consuming countries of cardamom are West Asian countries, Pakistan, Scandinavian & European countries, USA and Japan. Owing to the above mentioned critical factors, North America , Europe and Asia Pacific dominates the global zone for Cardamom essential oil market.
Cardamom Essential Oil Market: Demand Driver:
Consumers of developed and developing countries are now more and more conscious about their health and has been taking necessary measures to maintain it. Cardamom Essential Oil has been associated with several critical health benefits such as relieving spasms, improvisation of digestion and boosting ones metabolism. Taking in account, the health benefits of using cardamom essential oil helps drive the demand for the product especially in the healthcare sector.
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Cardamom Essential Oil Market: Key Players: