Cardamom Market Report 2024 (Global Edition)

Global Cardamom Market Report 2024 Market Size Split by Type (Whole cardamom, Ground, Black, Green), by Product types (cardamom Powder, cardamom oil, Others), by Distribution channel (Offline, Hyperma...

Cardamom Market Report Description

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Cardamom Market Insights Video

Competitive Landscape of the Cardamom Market

The competitive landscape of the Cardamom Market is dynamic, driven by innovation in product development, quality assurance, and market expansion strategies aimed at meeting diverse consumer demands across culinary, medicinal, and wellness sectors.

February 2022: The Government of India Launched a weather-based crop insurance scheme for cardamom farmers. The project is expected to cover around 2,500 hectares of cardamom-grown land, benefitting small-scale farmers. (Source: https://krishijagran.com/agriculture-world/govt-launches-weather-based-crop-insurance-scheme-for-cardamom-farmers/) July 2021: Kerala Government (India) included Cardamon in the Onam festival kit to boost the market for spices in the state. Thus, growing awareness about the health benefits of cardamom, increasing use of cardamom in Asian countries, along with initiatives taken by the governments are expected to drive the market during the forecast period. (Source: https://timesofindia.indiatimes.com/city/kochi/onam-kit-boost-to-cardamom-market/articleshow/84596039.cms)

Top Companies Market Share in Cardamom Industry: (In no particular order of Rank)

• MAS Enterprises Ltd (India)
• Cardex
• S.A. (Guatemala)
• Everest Spices (India)
• IMEXA Inc. (Guatemala)
• Kautilya Commodities (Toamasina)
• N C Bhojraj & Company (India)
• Royal Spices (India)
• South Indian Green Cardamom Company (SIGCC) (India)
• Synthite Industries (India)
• DS Group (India)
• McCormick & Company (MKC) (United States)
• Confidential Data
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Cardamom Market

Which Region Dominates the Cardamom Market in 2024?

According to Cognitive Market Research, North America holds a dominant position in the Cardamom Market primarily due to increasing consumer demand for exotic spices and flavors, coupled with a growing awareness of health benefits associated with cardamom consumption. The region's robust market is further driven by its strong purchasing power, diverse culinary practices that incorporate spices, and a rising trend towards natural and organic food products. Additionally, North American consumers are increasingly exploring international cuisines, where cardamom plays a significant role, thereby boosting its demand in the region's food and beverage sector.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific is the fastest-growing region in the Cardamom Market due to several key factors. Firstly, countries like India and Sri Lanka are major producers of cardamom, contributing significantly to regional supply. Secondly, the region's rich culinary traditions heavily utilize cardamom in various dishes, driving local demand. Thirdly, increasing disposable incomes and changing consumer preferences towards healthier and natural ingredients bolster the market further.

 

The current report Scope analyzes Cardamom Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Cardamom Market

According to Cognitive Market Research, the global Cardamom market size was estimated at USD XX Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD XXmillion in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7%from 2024 to 2031

• According to Cognitive Market Research, the US had a major share in the Cardamom market with a market size of USD XX million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. The demand is amplified by the nation's increasing consumer awareness of its culinary versatility and health benefits.
• The Canada Cardamom market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Canada's increasing consumer awareness of its culinary versatility and health benefits to increased usage of Cardamom.
• The Mexico Cardamom market is projected to witness growth at a CAGR of 5.2% during the forecast period,with a market size of USD XXmillion in 2024.

Europe Cardamom Market

According to Cognitive Market Research, the global Cardamom market size was estimated at USD XX Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD XXmillion in 2024 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031

• The United Kingdom Cardamom market had a market share of USD XXmillion in 2024 and is projected to grow at a CAGR of 5.8% during the forecast period. In the UK, Cardamom sales witness an upswing due to the nation's increasing consumer interest in exotic spices and their health benefits.
• The France Cardamom market is projected to witness growth at a CAGR of 4.2%during the forecast period,with a market size of USD XX million in 2024.
• According to Cognitive Market Research, the Germany Cardamom market size was valued at USD XXmillion in 2024 and is projected to grow at a CAGR of 5.2% during the forecast period. In Germany, increasing consumer interest in exotic spices and their health benefits.
• The Italy Cardamom market is projected to witness growth at a CAGR of 4.4% during the forecast period,with a market size of USD XX million in 2024.
• The Russia Cardamom market is projected to witness growth at a CAGR of 4.0% during the forecast period,with a market size of USD XX million in 2024.
• The Spain Cardamom market is projected to witness growth at a CAGR of 4.1%during the forecast period with a market size of USD XX million in 2024
• The LuxembourgCardamom market is projected to witness growth at a CAGR of 5.1%during the forecast period, with a market size of USD XXmillion in 2024.
• The PortugalCardamom market is projected to witness growth at a CAGR of 4.8%during the forecast period, with a market size of USD XX million in 2024.
• The GreeceCardamom market is projected to witness growth at a CAGR of 5.3%during the forecast period, with a market size of USD XXmillion in 2024.
• Rest of Europe'sCardamom market is projected to witness growth at a CAGR of 3.7%during the forecast period, with a market size of USD XXmillion in 2024.

Asia Pacific Cardamom Market

According to Cognitive Market Research, the global Cardamom market size was estimated at USD XXMillion, out of which Asia Pacific held the market ofaround23% of the global revenue with a market size of USD XXmillion in 2024 and will grow at a compound annual growth rate (CAGR) of 8.5%from 2024 to 2031

• According to Cognitive Market Research, the China Cardamom market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 8.0%during the forecast period. Cardamom sales surge in China due to the integral role in traditional cuisines and increasing recognition of its medicinal properties.
• The Japan Cardamom market is projected to witness growth at a CAGR of 7.0%during the forecast period, with a market size of USD XX million in 2024.
• The India Cardamom market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 10.3% during the forecast period. India's integral role in traditional cuisines and increasing recognition of its medicinal properties.
• The South Korea Cardamom market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD XX million in 2024.
• The Australia Cardamom market is projected to witness growth at a CAGR of 8.2% during the forecast period,with a market size of USD XX million in 2024.
• The South East Asia Cardamom market is projected to witness growth at a CAGR of 9.5%during the forecast period, with a market size of USD XXmillion in 2024.
• The Rest of Asia Pacific Cardamom market is projected to witness growth at a CAGR of 8.3%during the forecast period, with a market size of USD XXmillion in 2024.

South America Cardamom Market

According to Cognitive Market Research, the global Cardamom market size was estimated at USD XX Million out of which Latin America market of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031

• According to Cognitive Market Research, the Brazil Cardamom market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 6.5%during the forecast period. Cardamom sales flourish in Brazil due to the increasing consumer interest in international cuisines and natural health remedies.
• Argentina Cardamom market had a market share of USD XXmillion in 2024 and is projected to grow at a CAGR of 6.8% during the forecast period. Argentina's technological increasing consumer interest in international cuisines and natural health remedies.
• Colombia Cardamom market is projected to witness growth at a CAGR of 5.7%during the forecast period with a market size of USD XX million in 2024.
• Peru Cardamom market is projected to witness growth at a CAGR of 6.1% during the forecast period with a market size of USD XX million in 2024.
• Chile Cardamom market is projected to witness growth at a CAGR of 4.7% during the forecast period with a market size of USD XX million in 2024.
• The Rest of Latin America Cardamom market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD XX million in 2024.

Middle East and Africa Cardamom Market

According to Cognitive Market Research, the global Cardamom market size was estimated at USD XX Million, out of which the Middle East and Africa held the major market ofaround 2% of the global revenue with a market size of USD XXmillion in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.

• The GCC Countries Cardamom market is projected to witness growth at a CAGR of 7.0% during the forecast period with a market size of USD XX million in 2024. Cardamom sales flourish due to the spice's deep-rooted cultural significance and its widespread use in traditional dishes and beverages.
• The Egypt Cardamom market is projected to witness growth at a CAGR of 6.5%during the forecast period, with a market size of USD XX million in 2024.
• The South Africa Cardamom market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD XX million in 2024. Cardamom sales flourish in South Africa due to the spice's deep-rooted cultural significance and its widespread use in traditional dishes and beverages.
• The Turkey Cardamom market is projected to witness growth at a CAGR of 5.7%during the forecast period, with a market size of USD XX million in 2024.
• The Nigeria Cardamom market is projected to witness growth at a CAGR of 5.3% during the forecast period,with a market size of USD XX million in 2024.
• The Rest of MEA Cardamom market is projected to witness growth at a CAGR of5.2% during the forecast period, with a market size of USD XX million in 2024.

Cardamom Market Analysis

Cardamom MarketTypeSegment Analysis

According to Cognitive Market Research, Green cardamom stands out as the dominating category in the global cardamom market, commanding a significant share due to its versatile applications and robust demand across culinary and medicinal sectors. Its popularity stems from the vibrant aroma and flavor it adds to a wide range of dishes, including both sweet and savory cuisines. Moreover, green cardamom's essential oils are highly valued in traditional medicine and aromatherapy, further boosting its market appeal. As consumers increasingly seek natural flavors and health benefits, green cardamom continues to witness strong growth, driven by its rich cultural heritage and expanding use in global food markets.

Ground cardamom emerges as the fastest-growing category in the cardamom market, propelled by the rising demand for convenience and ease of use in culinary applications. Ground cardamom offers the same distinctive flavor profile as whole cardamom pods but in a more convenient form, making it ideal for processed foods, bakery products, and beverages. The growing trend towards ready-to-use spices and spice blends in the food industry enhances the appeal of ground cardamom, driving its rapid adoption.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Cardamom Industry. Request a Free Sample PDF!

Cardamom Market Product types Segment Analysis

According to Cognitive Market Research, Cardamom powder asserts itself as the dominating category in the global cardamom market, primarily due to its widespread application across various culinary and beverage industries. The fine texture and concentrated flavor of cardamom powder make it highly desirable for enhancing the taste and aroma of both sweet and savory dishes, including desserts, curries, and beverages like chai tea. Its convenience in cooking and baking processes further amplifies its demand among consumers and food manufacturers alike.

Cardamom oil emerges as the fastest-growing category in the cardamom market, driven by its expanding applications in pharmaceuticals, cosmetics, and aromatherapy. The concentrated essence of cardamom in oil form offers potent therapeutic properties, including digestive aid, stress relief, and antimicrobial benefits, which attract a growing health-conscious consumer base. In the pharmaceutical industry, cardamom oil is increasingly used in herbal medicines and supplements for its digestive and respiratory health benefits.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Cardamom Distribution channel Segment Analysis

According to Cognitive Market Research, the Offline (Hypermarkets/Supermarkets,Convenience Stores,specialty stores,Retail stores) distribution remains the dominating category in the global cardamom market, primarily due to the established presence of traditional retail channels such as supermarkets, hypermarkets, and specialty spice stores. These physical outlets offer consumers the advantage of direct interaction with products, enabling them to inspect the quality and aroma of cardamom before purchase. Additionally, offline channels facilitate immediate gratification through on-the-spot purchases, which appeals to a significant portion of consumers who prefer the tactile experience of shopping.

Online distribution emerges as the fastest-growing category in the cardamom market, fueled by the rapid expansion of e-commerce platforms and changing consumer shopping habits. The convenience and accessibility offered by online channels attract a growing number of consumers seeking to purchase cardamom and other spices from the comfort of their homes. Online platforms provide a wide variety of options, including different grades and forms of cardamom, catering to diverse consumer preferences.

• Offline
• Hypermarkets/Supermarkets
• Convenience Stores
• specialty stores
• Retail stores
• Online

Author's Detail

Nisha Deore

Research Analyst at Cognitive Market Research

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I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.

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