Global Cardamom Oil Market Is Expected to Reach Us$ 6.2 Bn by 2022: Credence Research

According to a new market report published by Credence Research “Cardamom oil Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 - 2021,” the cardamom oil market was valued at US$ 4.6 Bn in 2015, and is expected to reach US$ 6.2 Bn by 2022, expanding at a CAGR of 4.3% from 2016 to 2022.

Browse the full Cardamom oil Market for Bakery & Confectionary, Food & Beverages, Personal Care Products, Medicines, Cosmetics, Dairy Products and Other Applications - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2022 report at http://www.credenceresearch.com/report/cardamom-oil-market

Market Insights

Cardamom is known as the queen of spices because of its aroma. Cardamom is mostly grown in the Asia Pacific, North America and Middle East regions. It is known to be most popular spice which is used in cooking for its captivating flavor. The oil of cardamom is extracted from the dry seeds through a distillation process which is further used for variety of applications. Cardamom has varied essential oils which include such as sabinene, pinene, myrcene, geraniol, linalool, 1, 8-cineole, limonene and citronellol among others that offer a wide range of benefits for skin, hair and health. It is widely preferred over other oils for aromatherapy.

Growing demand for cardamom oil from the healthcare industry is the major factor driving the growth of global cardamom market worldwide. Cardamom oil has advantageous properties such as antibacterial, antispasmodic, etc. These properties have attracted the pharmaceutical and healthcare industry to manufacture medicines which help in treatment of muscle pulls, muscle spasms, etc. Therefore, healthcare industry is expected to boost high demand for cardamom oil in the near future. Moreover, growing demand from the personal care products and cosmetic industry has also led to growth of global cardamom oil market. Cardamom oil is used for manufacturing wide range of cosmetic and...