Cardamom oil (Elettaria cardamomum) in India operates in a tightly balanced market driven by strong global demand and limited, weather-dependent supply. India remains a key producer alongside Guatemala, with cultivation concentrated in Kerala and Karnataka. Market conditions are influenced by monsoon variability, crop diseases, and fluctuating yields, which create periodic supply shortages and price volatility. Demand remains strong from the food, beverage, pharmaceutical, and perfumery industries due to its spicy, sweet aroma and therapeutic properties. However, high production costs and labour-intensive harvesting restrict expansion. Overall, the Indian cardamom oil market is characterised by firm demand, constrained supply, and persistent price sensitivity.