Cardamom Oil Market Size Worth USD 1,311.39 Million By 2032 | CAGR: 8.7%

Cardamom Oil Market Size Worth $1,311.39 Million By 2032 | CAGR: 8.7%

The global cardamom oil market size is expected to reach USD 1,311.39 million by 2032, according to a new study by Polaris Market Research. The report “Cardamom Oil Market Share, Size, Trends, Industry Analysis Report, By Type (Amomum Cardamom Oil, and Elettaria Cardamom Oil); By Distribution Channel; By Application; By End-Use; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The rising prevalence of depression, nerve disease, respiratory disease, blood sugar, BP, metabolism, sleep, digestive disease, and lifestyle disease has increased the demand for cardamon oil due to its benefits which are propelling the growth of the market. For instance, as Per the National Institute of Diabetes and Digestive and Kidney Disease, all digestive illnesses impact 60 to 70 million people.

Cardamom oil is frequently suggested in the pharmaceutical business as a treatment for digestive issues since it lessens pain and stops the production of intestinal gas. It has a calming impact on the spasmodic colon, which can reduce pain threshold by easing muscle aches.

Furthermore, cardamom oil has a long history of use as a cephalic remedy for depression and nerve weariness. According to the World Health Organization (WHO), an estimated 3.8% of the world's population suffers from depression. Around 280 million individuals worldwide suffer from depression. It is frequently and successfully used by medical professionals in nervous system therapies. Thus, the adoption of cardamom oil is rising owing to its use in depression treatment.

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Additionally, Chronic bronchitis or emphysema are other names for COPD. The rising prevalence of respiratory disease as well as the benefits of cardamom oil for it is boosting the growth of the market over the forecast period. As per the WHO, 3.23 million people died from chronic obstructive pulmonary disease (COPD), the third most common cause of mortality in the world in 2019.

In middle-income nations, COPD fatalities in people under 70 years of age constitute 90% of all mortality (LMIC). Treatment of the respiratory system is another application for it. Therefore, the demand for cardamom oil for its health benefits across various diseases is the major factor driving the growth of the market.  

Cardamom Oil Market Report Highlights

  • The amomum cardamon oil segment is anticipated to grow significantly over the forecast period. True cardamom or green cardamom are other names for the Elettaria species. Amomum cardamom is frequently used during cooking and is referred to as Kravan or black cardamom.
  • Cosmetics and personal care are expected to account for the maximum revenue share owing to increased health consciousness and significant demand from the beauty and healthcare sectors.
  • North America is expected to grow at a high CAGR over the projected period as a result of the product's rising regional demand. This oil is used to make some sausage products in North America and Europe, as well as curry powder.
  • The global players include Aromaaz International, doTERRA International, Naissance Trading & Innovation, Natures Natural India Company,  Piping Rock Health Products, Shaanxi Guanjie Technology, Sydney Essential Oil & Young Living Essential Oils

Polaris Market Research has segmented the cardamom oil market report based on type, distribution channel, application, end-use, and region:

Cardamom Oil, Type Outlook (Revenue - USD Million, 2019 - 2032)

  • Amomum Cardamom Oil
  • Elettaria Cardamom Oil

Cardamom Oil, Application Channel Outlook (Revenue - USD Million, 2019 - 2032)

  • Antispasmodic
  • Antiseptic And Antimicrobial
  • Stimulant
  • And Diuretic

Cardamom Oil, Distribution Channel Outlook (Revenue - USD Million, 2019 - 2032)

  • Online Channel
  • Offline Channel

Cardamom Oil, End-Use Outlook (Revenue - USD Million, 2019 - 2032)

  • Food and Beverage
  • Pharmaceutical
  • Cosmetics and Personal Care
  • Others

Cardamom Oil, Regional Outlook (Revenue - USD Million, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

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  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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