Cardamom Oil Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Source Type (Amomum Cardamom Oil, Elettaria Cardamom Oil), By Form Type (Absolute, Concentrates, Blends), By Application (Food and Beverages, Cosmetics and Personal Care, Pharmaceuticals, Others), By Region, By Competition 2021-2031F

Market Overview

The Global Cardamom Oil Market will grow from USD 0.22 Billion in 2025 to USD 0.29 Billion by 2031 at a 4.71% CAGR. Cardamom oil is a concentrated volatile essential oil obtained primarily from the seeds of Elettaria cardamomum through the process of steam distillation. The market is propelled by the rising consumer preference for natural flavoring agents within the food and beverage sector and the growing incorporation of aromatherapy products for stress relief and wellness. Additionally, the pharmaceutical industry increasingly utilizes the oil for its carminative properties and therapeutic applications in digestive health formulations.

A significant challenge impeding market expansion is the high volatility of raw material prices due to climatic sensitivity which disrupts supply chains and affects production costs. According to the Spices Board India, in the financial year 2023-24, the export value of spice oils and oleoresins from India reached USD 498.01 million. This substantial figure highlights the robust industrial trade in spice extracts and underscores the strong global demand environment that supports the cardamom oil segment.

Key Market Drivers

The increasing demand for natural food flavoring agents is a primary driver propelling the Global Cardamom Oil Market, as consumers progressively reject synthetic additives in favor of clean-label ingredients. This trend has compelled food and beverage manufacturers to integrate concentrated spice extracts like cardamom oil into bakery products, confectionery, and functional beverages to deliver authentic, exotic taste profiles without compromising health standards. The surge in industrial requirements for the raw spice to extract this oil is evident in recent trade volumes, which signals sustained manufacturing activity. According to the Spices Board India, September 2024, the exports of small cardamom from India reached a provisional figure of 6,168 tonnes during the 2023-24 financial year, reflecting the robust raw material uptake necessary to sustain the growing production of value-added derivatives like flavor-grade oils.

Concurrently, the rapid expansion of the global aromatherapy market significantly bolsters demand, as cardamom oil is increasingly valued for its ability to alleviate stress and improve respiratory health in wellness applications. This sector's growth is supported by a thriving international trade in therapeutic-grade plant extracts, creating a favorable ecosystem for cardamom oil adoption in diffusers and massage blends. According to Trading Economics, in 2023, India’s total exports of essential oils and resinoids were valued at USD 1,044.42 million, indicating a vast global market for aromatherapy-grade ingredients beyond just spice extracts. While India dominates specific value-added segments, global supply stability is heavily reliant on Latin American production. According to the Observatory of Economic Complexity, in 2023, Guatemala maintained its position as the leading exporter of cardamoms with shipments valued at USD 387 million, underscoring the scale of the supply network underpinning the global oil market.

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Key Market Challenges

The growth of the global cardamom oil market is severely constrained by the high volatility of raw material prices, a direct consequence of the crop's acute sensitivity to climatic conditions. Cardamom cultivation requires specific temperature and rainfall patterns to thrive, and even minor environmental deviations can lead to substantial crop failures. This dependence creates an unstable supply chain where manufacturers of essential oils face unpredictable input costs. When adverse weather creates a shortage of raw seeds, the resulting price spikes significantly compress profit margins for oil extractors and make it difficult to maintain stable pricing for end-consumers in the food, beverage, and pharmaceutical sectors.

This instability is clearly reflected in recent industrial statistics which illustrate the magnitude of these supply disruptions. According to the Spices Board India, in the fiscal year 2023-24, cardamom production was recorded at 22,868 tons, yet projections for the subsequent 2024-25 season indicated a sharp volume decline of approximately 30% to 40% specifically attributed to irregular weather patterns. Such drastic fluctuations in raw material availability force industry players to operate in a high-risk environment, discouraging long-term investment and hampering the consistent expansion of the cardamom oil segment.

Key Market Trends

The global fragrance industry is extensively adopting cardamom oil in niche and luxury perfumery, elevating it from a modifier to a primary note. Perfumers utilizing the oil's unique cool-spicy duality are crafting gender-neutral scents that resonate with premium demographics, driving a surge in demand for high-grade extracts. This necessitates increased raw material flows to European processing hubs to meet sophisticated olfactory standards. According to Commodity Board Europe, November 2024, exports of small cardamom from India surged by 47% during the first four months of the 2024-25 fiscal year, reflecting the intensified procurement activity required to satisfy this growing demand for value-added aromatic derivatives.

Manufacturers are simultaneously shifting towards Supercritical Fluid Extraction (SFE) using CO2 to replace traditional steam distillation. This pivot is fueled by the clean-label sector's demand for solvent-free ingredients and the preservation of thermally sensitive volatiles often lost in heat-intensive processes. Industry leaders are prioritizing these green technologies to produce "true-to-nature" oils that command higher margins in global markets. According to CARE Ratings, April 2024, export sales for Mane Kancor Ingredients constituted 87% of its total revenue, illustrating the overwhelming international preference for such high-quality, value-added spice extracts over raw commodities.

Segmental Insights

The Food and Beverages segment is currently positioned as the fastest-growing category within the Global Cardamom Oil Market. This expansion is primarily driven by shifting consumer preferences toward natural ingredients, compelling manufacturers to replace synthetic additives with botanical extracts for "clean label" products. Cardamom oil is increasingly utilized in bakery items, confectioneries, and functional beverages due to its distinct aromatic profile and digestive properties. Furthermore, regulatory validations such as the Generally Recognized As Safe designation by the United States Food and Drug Administration have bolstered industry confidence, encouraging the widespread incorporation of this essential oil into diverse edible formulations.

Regional Insights

North America dominates the Global Cardamom Oil Market, driven by robust consumer demand for natural and organic ingredients across the food, beverage, and personal care sectors. The region's leadership is reinforced by the widespread adoption of cardamom oil in aromatherapy and pharmaceuticals, where its therapeutic properties are highly valued. This market position is further solidified by favorable regulatory standards; notably, the U.S. Food and Drug Administration (FDA) classifies cardamom oil as Generally Recognized As Safe (GRAS). This designation assures safety and quality, encouraging manufacturers to incorporate this essential oil into a diverse range of premium consumer products.

Recent Developments

• In April 2025, doTERRA released its 2024 Impact Report, which detailed significant sustainability milestones achieved within its cardamom supply chain in Guatemala. The report highlighted the success of the company's Co-Impact Sourcing initiative in the Alta Verapaz region, where it provided training on best agricultural practices to local cardamom farmers. These efforts focused on improving crop quality and yield while ensuring fair, timely payments to growers. Additionally, the company reported on environmental stewardship projects in the area, including the planting of native trees to support biodiversity. This publication reinforced the company's commitment to ethical sourcing models that secure the long-term availability of high-grade cardamom oil while uplifting farming communities.
• In December 2024, Symrise identified cardamom as a central flavor trend in its analysis of holiday dessert preferences for the season. The company's report highlighted that consumers were increasingly seeking warmth and complexity in their sweet treats, leading to a surge in the popularity of spices like cardamom paired with chai and nutmeg. Symrise noted that this ingredient was being used to reinvent traditional holiday staples, infusing everything from shortbread cookies to layered cakes with an exotic, modern twist. This insight reflected a broader market shift towards "new nostalgia," where classic comfort foods are elevated through the incorporation of sophisticated, global flavor profiles like cardamom oil and extracts.
• In July 2024, DSM-Firmenich unveiled its "Sharing Innovation 2024" collection of perfumery ingredients, which included a focus on high-quality cardamom sourcing. The launch featured Cardamom Guatemala EO, a key ingredient selected for its complex aromatic profile and sustainable origin. This collection was designed to provide perfumers with access to exclusive, responsible natural ingredients that enhance olfactory creativity. The company emphasized that the cardamom included in this portfolio was sourced through integrated supply chains in Guatemala, ensuring traceability and supporting local farming communities. This release underscored the company's strategy to combine biotechnological advancements with premium natural extraction to meet the evolving demands of the global fragrance market.
• In May 2024, Mane showcased the capabilities of its proprietary extraction technology, Jungle Essence, by highlighting its specific application in processing green cardamom. The company detailed how this environmentally friendly technique, which operates without petrochemical solvents, captures the authentic olfactory profile of the raw material. Mane's perfumers noted that the resulting green cardamom extract successfully preserved the fresh, spicy, and faceted notes found in the seeds, offering a fidelity that surpassed traditional extraction methods. This development was presented as a significant advancement for fine fragrance formulation, particularly in creating sophisticated men's scents that require a high-purity, true-to-nature spice character.

Key Market Players

• Land O'Lakes, Inc.
• Kerry Inc.
• Novus International
• Novozymes
• Lesaffre
• Lallemand Inc
• Alltech
• Adisseo
• Asahi Group Holding, Ltd.
• Unique Biotech

Report Scope:

In this report, the Global Cardamom Oil Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Cardamom Oil Market, By Source Type:

• Amomum Cardamom Oil
• Elettaria Cardamom Oil

• Cardamom Oil Market, By Form Type:

• Absolute
• Concentrates
• Blends

• Cardamom Oil Market, By Application:

• Food and Beverages
• Cosmetics and Personal Care
• Pharmaceuticals
• Others

• Cardamom Oil Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE