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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
The Asia Pacific to Provide Significant Growth Opportunities for the Expansion of the Cardamom Essential Oil Industry
The Asia Pacific is expected to account for a significant share in the industry over the forecast period. Within the Asia Pacific, the major cardamom growing countries include India, Sri Lanka, and Vietnam, among others. India is one of the leading producers of cardamom in the world. The growth of the market in the region can be attributed to the easy availability of cardamom essential oil and the rising preference for natural ingredients. The other significant regions for the product include North America and Europe.
Cardamom Essential Oil Market Report Snapshots
Cardamom Essential Oil Market Size
Cardamom Essential Oil Market Growth
Cardamom Essential Oil Market Regional Analysis
Cardamom Essential Oil Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market attained a volume of 239.83 thousand metric tons.
The market is projected to grow at a CAGR of 7.8% between 2024 and 2032.
The major market drivers include rising disposable incomes, increasing health awareness, the rising preference for natural and organic products, the flourishing pharmaceutical sector, and growing per capita expenditure on food and cosmetic products.
The increasing launches of new products and growing R&D activities by manufacturers are the key trends guiding the market growth.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading nature segments of cardamom essential oil in the market are organic and conventional.
The major forms of cardamom essential oil in the market are absolute, concentrates, and blends.
The significant applications of cardamom essential oil are food and beverages, cosmetics and personal care, and pharmaceuticals, among others.
The leading distribution channels in the market are direct and indirect.
The major players in the cardamom essential oil market are Floracopeia Inc, Young Living Essential Oils, Naissance Trading & Innovation Co Ltd, NOW Health Group, Inc., Florihana Distillerie, and doTERRA International, LLC, among others.
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