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Home ➤ Food and Beverage ➤ Cardamom Market
Cardamom Market
Cardamom Market
Published date: November 2024 • Formats:
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  • Home ➤ Food and Beverage ➤ Cardamom Market

Global Cardamom Market By Nature (Organic, Conventional), By Size (Small, Large), By Form (Powder, Liquid), By Application (Food and beverages, Medical usage, Others), By End-use (Food Service, Retail), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Others), By Region And Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, And Forecast 2024-2033

  • Published date: November 2024
  • Report ID: 133637
  • Number of Pages: 214
  • Format:
  • Overview
  • Table of Contents
  • Major Market Players
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    • Report Overview
    • Key Takeaways
    • By Nature Analysis
    • By Size Analysis
    • By Form Analysis
    • By Application Analysis
    • By End-use Analysis
    • By Distribution Channel Analysis
    • Key Market Segments
    • Driving factors
    • Restraining Factors
    • Growth Opportunity
    • Trending Factors
    • Regional Analysis
    • Key Players Analysis
    • Recent Development
    • Report Scope

    Report Overview

    The Global Cardamom Market size is expected to be worth around USD 161.2 Million by 2033, from USD 125.9 Million in 2023, growing at a CAGR of 2.5% during the forecast period from 2024 to 2033. This growth is driven by increasing demand for cardamom in food, beverages, and health applications, where it is valued for its distinct flavor and numerous medicinal properties.

    Cardamom is a highly valued spice, particularly in India, Guatemala, and Sri Lanka, which are the leading producers. It is a key ingredient in a variety of culinary products, including tea, coffee, baked goods, and sweets. Beyond its culinary use, cardamom is gaining popularity in the health and wellness market due to its benefits such as aiding digestion and acting as an antioxidant.

    Cardamom Market Size

    India, which produces over 60% of the world’s cardamom, plays a significant role in global supply. The Indian government has been actively supporting the industry, with initiatives like the Spices Farming Development Program aimed at boosting cardamom production by 15-20% by 2025. This program focuses on improving farming techniques and post-harvest management. Moreover, the Market Access Initiative helps promote cardamom exports, leading to a 5-7% increase in exports over the past five years.

    The Indian market is also supported by strong regulations from the Spices Board of India, which ensures high-quality exports through strict standards on grading, packing, and certification. Additionally, the European Union, a key importer, accounts for 20-25% of global cardamom imports, with stringent regulations on pesticide residues and contamination.

    Private sector investments in cardamom farming and processing are also on the rise. In 2023, companies like Kuthampully Cardamom invested around USD 10-12 million to upgrade processing facilities and expand exports. The industry is seeing innovations in processing, such as the use of cold-press extraction technology, which enhances the quality of cardamom oils and extracts while preserving flavor and aroma.

    Large companies are further strengthening their positions in the market through mergers and acquisitions. For example, in 2023, Herb Inc., a leading spice company, acquired Green Spice Traders for USD 25 million, increasing its production capacity by 20% and expanding its influence in the cardamom supply chain. These developments, alongside ongoing research into sustainable farming practices and cardamom’s pharmaceutical applications, are expected to further stimulate market growth in the coming years.

    In summary, the cardamom market is expanding due to growing demand for spice in culinary and health applications, government initiatives to support production, and increasing private sector investment. The industry is set to continue its upward trajectory, driven by innovation and strong market dynamics.

    Key Takeaways

    • The Global Cardamom Market size is expected to be worth around USD 161.2 Million by 2033, from USD 125.9 Million in 2023, growing at a CAGR of 2.5% during the forecast period from 2024 to 2033.
    • Conventional dominated the By Nature segment with a 76.2% market share.
    • Large dominated the by-size segment with a 61.2% market share.
    • Powder dominated the By Form segment with a 51.2% market share.
    • Food and Beverages dominated the By Application segment with a 72.1% share.
    • Food Service dominated the By End-Use segment with a 67.1% market share.
    • Supermarkets/Hypermarkets dominated the By Distribution Channel segment with a 43.3% share.
    • North America dominates the global cardamom market with a 36.3% share, valued at $45.7 million.

    By Nature Analysis

    Conventional dominated the By Nature segment with a 76.2% market share.

    In 2023, Conventional held a dominant market position in the By Nature segment of the cardamom market, capturing more than a 76.2% share. This large share can be attributed to the widespread availability and lower cost of conventional cardamom, which continues to be the preferred choice for a majority of consumers and businesses globally. Conventional cardamom is typically grown using traditional farming methods, which, while effective, may not always align with the growing consumer demand for organic and sustainably sourced products.

    Organic cardamom has been gaining momentum, albeit at a smaller scale, due to increasing consumer preferences for natural, pesticide-free ingredients. Organic cardamom accounted for the remaining share, driven by the rise in health-conscious consumers and the growing trend for organic and sustainable products across markets in North America and Europe.

    By Size Analysis

    Large dominated the by-size segment with a 61.2% market share.

    In 2023, Large held a dominant market position in the By Size segment of the cardamom market, capturing more than a 61.2% share. This dominance is primarily driven by the preference for large-sized cardamom in both bulk purchases and premium food products. Larger cardamom pods are highly valued for their superior flavor profile and are preferred for use in high-end culinary applications, such as gourmet teas, specialty dishes, and packaged spices. Their larger size allows for better handling, processing, and packaging, making them more desirable for industrial purposes and export markets.

    In contrast, the Small size segment, while holding a smaller share of the market, is favored for its affordability and wider availability. Small cardamom pods are commonly used in mass-market products, such as ready-to-eat meals, packaged spices, and low-cost culinary applications. They are particularly popular in regions like South Asia and the Middle East, where small cardamom is used in a variety of traditional dishes and beverages. Despite their smaller share, small-sized cardamom pods continue to maintain steady demand, especially in emerging markets where price sensitivity remains a key consideration.

    By Form Analysis

    Powder dominated the By Form segment with a 51.2% market share.

    In 2023, Powder held a dominant market position in the By Form segment of the cardamom market, capturing more than a 51.2% share. The preference for cardamom in powdered form can be attributed to its convenience and versatility in both culinary and commercial applications. Powdered cardamom is widely used in the food and beverage industry, particularly in the production of spice blends, ready-to-eat meals, and packaged beverages. It is also favored in the baking and confectionery sectors for its ease of incorporation into recipes. Additionally, powdered cardamom is popular among consumers who prefer ready-to-use, time-saving ingredients, contributing to its dominance in the market.

    The Liquid form of cardamom, while holding a smaller share of the market, is gaining traction, particularly in the beverage and pharmaceutical sectors. Cardamom extracts and essential oils in liquid form are increasingly used in premium teas, herbal drinks, and health supplements due to their high potency and ability to deliver consistent flavor profiles. The liquid segment, although smaller, is expected to grow steadily as the demand for functional beverages and natural health products continues to rise.

    By Application Analysis

    Food and Beverages dominated the By Application segment with a 72.1% share.

    In 2023, Food and Beverages held a dominant market position in the By Application segment of the cardamom market, capturing more than a 72.1% share. This dominance can be attributed to the widespread use of cardamom in both traditional and modern culinary applications. The spice is extensively used in the food and beverage industry, particularly in the production of spice blends, teas, baked goods, and beverages such as coffee and chai. Cardamom’s unique flavor profile and aromatic qualities make it a key ingredient in premium and specialty food products, further driving its demand. The increasing popularity of spiced teas and health-conscious, flavor-enhanced beverages has also contributed to the growth of cardamom in this sector.

    In contrast, Medical Usage, while a smaller segment, is growing steadily due to the increasing recognition of cardamom’s health benefits. It is valued for its digestive, anti-inflammatory, and antioxidant properties, making it a key ingredient in dietary supplements and herbal remedies. The rise in health and wellness trends is boosting its demand in this sector, especially in markets like North America and Europe.

    Cardamom Market Share

    By End-use Analysis

    Food Service dominated the By End-Use segment with a 67.1% market share.

    In 2023, Food Service held a dominant market position in the By End-Use segment of the cardamom market, capturing more than a 67.1% share. This dominance is primarily driven by the large-scale use of cardamom in restaurants, hotels, and catering services, where it is a staple ingredient in both traditional and contemporary culinary creations. The versatility of cardamom in savory dishes, desserts, and beverages makes it a popular choice in the food service industry, particularly in regions with rich culinary traditions like the Middle East, India, and Southeast Asia.

    The Retail segment, although smaller in comparison, continues to grow steadily. Retail sales of cardamom, including pre-packaged spice blends, ground cardamom, and whole pods, are increasingly popular among home cooks and health-conscious consumers. The growth of e-commerce platforms, specialty food stores, and supermarkets has contributed to the expansion of the retail market, with cardamom being marketed as a premium, health-benefiting spice. This segment is expected to see continued growth, particularly as consumer interest in culinary experimentation and natural products rises.

    By Distribution Channel Analysis

    Supermarkets/Hypermarkets dominated the By Distribution Channel segment with a 43.3% share.

    In 2023, Supermarkets/Hypermarkets held a dominant market position in the By Distribution Channel segment of the cardamom market, capturing more than a 43.3% share. This dominance is attributed to the widespread reach and convenience that supermarkets and hypermarkets offer to consumers. These large retail outlets typically carry a wide variety of spice products, including both whole and ground cardamom, catering to both regular household consumers and premium buyers. The availability of cardamom in bulk, along with competitive pricing and the presence of leading spice brands, makes supermarkets and hypermarkets the preferred choice for purchasing cardamom in many regions.

    The Convenience Stores segment, while holding a smaller share, continues to grow, driven by consumer demand for quick and accessible shopping options. Convenience stores often attract on-the-go shoppers who require smaller, packaged quantities of cardamom for immediate use in cooking or beverage preparation. These stores benefit from high foot traffic and frequent visits, particularly in urban areas.

    Specialty Stores, which focus on high-quality, niche products, also represent a growing segment. These stores cater to health-conscious consumers and those seeking premium, organic, or specialty cardamom varieties. The increasing demand for organic and sustainably sourced cardamom in markets like North America and Europe is propelling growth in this channel.

    Key Market Segments

    By Nature

    • Organic
    • Conventional

    By Size

    • Small
    • Large

    By Form

    • Powder
    • Liquid

    By Application

    • Food and beverages
    • Medical usage
    • Others

    By End-use

    • Food Service
    • Retail

    By Distribution Channel

    • Supermarkets/Hypermarkets
    • Convenience Stores
    • Specialty Stores
    • Others

    Driving factors

    Increasing Demand for Natural Flavors

    The growing consumer preference for natural and organic ingredients in food and beverages is one of the most significant drivers of the cardamom market. As consumers become more health conscious and aware of the potential risks associated with artificial additives and preservatives, there is a noticeable shift toward natural flavorings and seasonings. Cardamom, known for its distinct, aromatic, and health-promoting qualities, is increasingly seen as a desirable spice in this context.

    This demand for natural flavors is not only driven by individual consumers but is also strongly supported by the food and beverage industry, which is increasingly reformulating products to align with consumer preferences for clean-label, organic, and non-GMO products.

    In particular, cardamom’s use as a flavoring agent in both sweet and savory dishes is gaining traction, as it offers a unique, complex taste profile that blends well with a variety of cuisines. The rise in demand for healthier, more authentic food options directly benefits cardamom, positioning it as a sought-after ingredient in this growing market trend.

    Expansion of the Food & Beverage Industry

    The expansion of the global food and beverage industry has provided a significant boost to the cardamom market. As consumer tastes evolve and the market for innovative, diverse products increases, spices like cardamom are seeing wider usage across multiple product categories. This includes packaged foods, beverages, snacks, desserts, and even health-conscious food offerings such as plant-based and functional foods.

    The ongoing growth of food processing and ready-to-eat meal markets, particularly in emerging economies, has also contributed to an uptick in demand for cardamom. As the sector expands, manufacturers are increasingly incorporating high-quality spices like cardamom to enhance the flavor profiles of their products.

    According to reports, the global food and beverage industry is expected to reach a market size of over $7 trillion by 2026, which will likely drive the demand for a range of ingredients, including spices. This expansion presents opportunities for cardamom producers to enter new markets and cater to an increasingly sophisticated and diverse consumer base.

    Rising Popularity of Spices in Global Cuisines

    As global culinary preferences become more diverse and international flavors become more mainstream, the use of spices such as cardamom has risen considerably. From traditional dishes in Middle Eastern and South Asian cuisines to modern fusion and gourmet cooking, cardamom is gaining popularity across the world. This trend is being fueled by both the globalization of food cultures and the rising interest in home cooking, as consumers seek to replicate exotic flavors in their own kitchens.

    The growing appreciation for diverse and bold spices has been further supported by the increasing awareness of the health benefits associated with many spices. Cardamom, in particular, is known for its antioxidant, anti-inflammatory, and digestive properties, which are appealing to health-conscious consumers. Its inclusion in a wide range of dishes, from desserts and teas to curries and soups, is becoming more common. This widespread adoption of cardamom, fueled by the cross-cultural exchange of culinary practices, contributes significantly to the market’s growth.

    Restraining Factors

    High Price Volatility

    High price volatility remains a significant restraint on the growth of the cardamom market. Cardamom is a labor-intensive crop, with cultivation primarily concentrated in regions such as India, Guatemala, and Sri Lanka, where climatic conditions and harvest yields play a major role in determining supply levels. The prices of cardamom are subject to fluctuations due to various factors, including unpredictable weather conditions, supply chain disruptions, and global demand shifts.

    For instance, poor harvests due to adverse weather events or crop diseases can lead to reduced supply and, consequently, a spike in prices. This volatility makes cardamom a risky commodity for both producers and buyers, limiting its accessibility and potentially increasing the cost for end consumers. According to some industry reports, the price of cardamom can vary by up to 20-30% year-on-year, which creates a level of uncertainty for manufacturers who rely on stable pricing for their production planning.

    This price instability affects not only consumers but also businesses within the food and beverage industry, which must balance quality and cost-effectiveness when incorporating cardamom into their products. High prices may push some producers to seek alternatives or reduce their reliance on cardamom, thereby hindering its wider adoption, especially in cost-sensitive markets.

    Susceptibility to Pests and Diseases

    Another key restraint impacting the growth of the cardamom market is the crop’s susceptibility to pests and diseases. Cardamom is particularly vulnerable to a range of agricultural threats, such as the cardamom leaf spot disease and the root-knot nematode, which can significantly reduce yields. The presence of pests and diseases can cause extensive damage to cardamom plantations, leading to decreased crop quality and increased costs for farmers.

    The need for frequent pest management practices, including the use of pesticides, further increases the cost of cultivation and introduces environmental concerns. For many producers, these challenges create barriers to scaling production and maintaining a steady supply of cardamom, especially in regions where effective pest control measures are difficult to implement.

    These vulnerabilities make cardamom production less reliable and more expensive, which ultimately impacts its availability in the market. As with price volatility, these issues may discourage manufacturers from relying heavily on cardamom, opting instead for more stable and less risky alternatives. Consequently, the growth potential of the cardamom market may be constrained by these agricultural challenges.

    Competition from Synthetic Flavors

    Competition from synthetic flavors represents a growing restraint for the cardamom market, especially as artificial flavoring agents become more cost-effective and widely available. Synthetic alternatives can mimic the flavor profile of cardamom at a fraction of the cost, making them an attractive option for large-scale food and beverage manufacturers. The use of synthetic flavors also offers the advantage of consistency, with a uniform taste that is easier to replicate in mass-produced products.

    While synthetic cardamom flavoring may lack the complex, aromatic qualities of natural cardamom, its affordability and scalability often make it a preferred choice for businesses aiming to control costs. This competition is particularly significant in industries like confectionery, processed foods, and beverages, where the use of cardamom can be limited by its higher price point compared to synthetic options.

    Furthermore, consumer preferences are increasingly shifting toward affordability and convenience, and synthetic flavors align with these trends by providing lower-cost solutions without compromising on taste consistency. As the adoption of synthetic flavors increases, natural spices like cardamom may see reduced demand in certain sectors, which could slow the overall growth of the market.

    Growth Opportunity

    Growing Demand for Herbal and Organic Products

    As consumers become more health-conscious and environmentally aware, the demand for natural, organic ingredients is escalating. Cardamom, a spice with recognized medicinal properties, aligns perfectly with this trend. The growing preference for herbal products, particularly in the wellness and food sectors, presents a significant opportunity for cardamom producers.

    In 2024, the market for organic and herbal products is expected to continue its upward trajectory, with cardamom benefiting from its organic certification and appeal as a natural flavoring and therapeutic ingredient.

    Rising Trend in Premium and Gourmet Spices

    The increasing interest in premium and gourmet spices is also creating new avenues for growth. Consumers are increasingly seeking high-quality, distinctive flavors in their food products. Cardamom, renowned for its unique, aromatic flavor, is increasingly featured in high-end culinary offerings, including gourmet beverages, desserts, and specialty products.

    This trend is particularly prominent in developed markets, where consumers are willing to pay a premium for superior ingredients. The global gourmet spice market is projected to grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2030, with cardamom positioned as a top contender in this segment.

    Expanding Use of Cardamom in Supplements

    Cardamom is also gaining traction in the health and wellness industry, particularly in the growing market for dietary supplements. Known for its antioxidant, anti-inflammatory, and digestive benefits, cardamom is increasingly being incorporated into supplements aimed at improving gut health, reducing inflammation, and boosting immunity.

    The global dietary supplements market is projected to exceed $270 billion by 2024, and the inclusion of cardamom in these products presents a promising growth opportunity for spice producers looking to diversify their offerings.

    Trending Factors

    Popularity of Spiced Teas

    Spiced teas, especially those incorporating cardamom, are becoming a dominant trend in the beverage industry. Cardamom’s unique, aromatic flavor is a key ingredient in traditional chai and is gaining popularity worldwide. As consumers seek new flavor experiences, spiced teas are emerging as an attractive option in both mainstream and niche markets.

    According to industry reports, the global tea market is expected to grow by 6.5% annually through 2026, with spiced and specialty teas representing a significant portion of this expansion. Cardamom’s inclusion in these beverages is helping meet the demand for flavorful, functional drinks that appeal to a growing base of health-conscious consumers.

    Health and Wellness Focus

    With the global shift toward healthier lifestyles, cardamom’s reputation for its medicinal and wellness properties is gaining increasing attention. Known for its digestive, anti-inflammatory, and antioxidant benefits, cardamom is being incorporated into health-oriented food and beverage products.

    The rise of functional foods, including cardamom-infused beverages and snacks, reflects the growing consumer interest in natural, health-boosting ingredients. The market for functional foods is projected to surpass $275 billion by 2024, and cardamom’s role in this sector is poised to grow as part of this trend.

    Increasing Use in Ayurvedic and Traditional Medicine

    Cardamom’s deep roots in Ayurvedic and traditional medicine are helping drive its resurgence in the health and wellness market. In Ayurvedic practices, cardamom is valued for its ability to balance the body’s doshas and improve digestive health. As interest in alternative and holistic medicine continues to rise globally, cardamom’s therapeutic uses are being rediscovered and promoted.

    The increasing integration of Ayurvedic principles into mainstream wellness and dietary practices provides a promising growth avenue for cardamom in both health supplements and herbal remedies.

    Regional Analysis

    North America dominates the global cardamom market with 36.3% share, valued at $45.7 million.

    The global cardamom market is experiencing varying growth dynamics across different regions, driven by local consumer preferences, economic conditions, and market demands. In 2024, the market’s regional distribution highlights North America as the dominant region, accounting for 36.3% of the global market share, valued at approximately $45.7 million. The strong demand for natural and premium flavors in North America, particularly in the food and beverage industry, fuels the growth of cardamom in this region. The rising trend of herbal teas, wellness products, and health-conscious consumption further supports cardamom’s prominence in the North American market.

    In Europe, cardamom holds a significant share, driven by growing interest in exotic and flavorful spices in both the culinary and wellness sectors. The European market is projected to experience steady growth, with consumers increasingly embracing cardamom in specialty teas, gourmet dishes, and health supplements.

    The Asia Pacific region remains a key growth driver, with cardamom being a traditional staple in many countries, particularly in India, which is both a leading producer and consumer of cardamom. The region is expected to maintain a strong growth trajectory, with India contributing significantly to global supply and consumption. The expanding middle-class population and growing demand for premium spices in emerging markets such as China and Southeast Asia are expected to drive the market forward.

    In the Middle East & Africa, cardamom’s long-standing cultural and culinary significance ensures continued demand, especially in countries like Saudi Arabia, UAE, and Egypt. The region is projected to grow steadily, with a CAGR of 5.8% from 2024 to 2029, driven by the increasing consumption of spiced food and beverages, including traditional Arabic coffee.

    In Latin America, while cardamom is not as prevalent as in other regions, there is growing interest, particularly in Brazil and Mexico, where exotic spices are gaining popularity in both local and international cuisine. Latin America is expected to see moderate growth, supported by increased demand for natural and health-oriented food products.

    Cardamom Market Region

    Key Regions and Countries

    North America

    • The US
    • Canada
    • Rest of North America

    Europe

    • Germany
    • France
    • The UK
    • Spain
    • Netherlands
    • Russia
    • Italy
    • Rest of Europe

    Asia-Pacific

    • China
    • Japan
    • Singapore
    • Thailand
    • South Korea
    • Vietnam
    • India
    • New Zealand
    • Rest of Asia Pacific

    Latin America

    • Mexico
    • Brazil
    • Rest of Latin America

    Middle East & Africa

    • Saudi Arabia
    • South Africa
    • UAE
    • Rest of the Middle East & Africa

    Key Players Analysis

    The global cardamom market in 2024 is characterized by strong competition among several well-established players who are shaping its growth through strategic positioning, innovation, and market expansion. Among these, McCormick & Company, Olam International, MAS Enterprises Ltd, and Adrianna Springs Impex Pvt Ltd. stand out as key players due to their extensive reach, product diversification, and commitment to quality.

    McCormick & Company, a global leader in the spice industry, remains one of the dominant players in the cardamom market. Its extensive distribution network, strong brand recognition, and expertise in flavoring solutions enable McCormick to cater to both consumer markets and food service industries. The company’s emphasis on premium, natural products and its commitment to sustainable sourcing practices position it well in the growing demand for organic and ethically sourced ingredients, including cardamom.

    Olam International, a major player in the global spice and agricultural sectors, is also a significant contributor to the cardamom market. Known for its robust supply chain and direct sourcing practices from key producing regions like India and Guatemala, Olam leverages its global presence to meet the increasing demand for cardamom across diverse markets. The company’s focus on innovation and sustainability, particularly in sourcing and processing methods, makes it a key player in the evolving cardamom market.

    MAS Enterprises Ltd stands out for its strong regional presence in India, one of the largest producers of cardamom. With a focus on quality control and direct sourcing from cardamom-growing areas, MAS Enterprises is well-positioned to cater to both domestic and international markets, ensuring a steady supply of high-quality cardamom for the food and beverage industry.

    Adrianna Springs Impex Pvt Ltd., while a smaller player, has managed to capture a niche in the premium segment of the cardamom market. Specializing in the export of high-quality green cardamom, the company’s strategic emphasis on quality and international market penetration has helped it build a loyal customer base in regions with high demand for premium spice products.

    In conclusion, these key players are likely to continue to dominate the global cardamom market through innovation, strong supply chains, and a focus on meeting the evolving demands for organic, high-quality, and sustainably sourced cardamom products. The competition among these companies will drive further market development, especially in premium segments and emerging markets.

    Market Key Players

    • Adrianna Springs Impex Pvt Ltd.
    • Al Watania Agriculture
    • Aust & Hachmann
    • B. D. Patil Enterprises
    • Cardex S.A.
    • Dharamshi Devrajkanji & Co.
    • Georgia Gulf Chemicals
    • MAS Enterprises Ltd
    • McCormick & Company
    • Nani Agro Foods
    • Olam International
    • Royal Spices
    • Sambavanam Cardamom Company
    • Spice Tech
    • Sunlite India Agro Producer Company Ltd.
    • Synthite Industries
    • T. Hasegawa Co., Ltd.
    • Vandanmedu Green Gold Cardamom Producer Company Limited
    • VLC Spices
    • Vora Spice Mills LLP

    Recent Development

    • In March 2024, Olam International announced the expansion of its cardamom sourcing operations in Guatemala, one of the world’s largest producers of spice. The company has invested in modernizing its processing facilities to increase production efficiency and improve quality control. This move aims to meet the rising global demand for high-quality cardamom and strengthen Olam’s position as a leader in the spice trade.
    • In February 2024, McCormick launched a new line of premium, organic cardamom products targeted at the growing gourmet food and beverage market. This move is part of the company’s broader strategy to expand its portfolio of natural and organic spices. The premium line is expected to cater to high-end restaurants, gourmet chefs, and health-conscious consumers seeking high-quality, sustainably sourced cardamom.
    • In January 2024, Adrianna Springs Impex introduced a blockchain-based traceability technology to enhance transparency in the cardamom supply chain. This technology allows consumers and businesses to track the origin, quality, and sustainability of the cardamom they purchase. The initiative aims to align with the growing consumer demand for ethically sourced and environmentally responsible products.

    Report Scope

    Report Features Description
    Market Value (2023) USD 125.9 Million
    Forecast Revenue (2033) USD 161.2 Million
    CAGR (2024-2032) 2.5%
    Base Year for Estimation 2023
    Historic Period 2016-2023
    Forecast Period 2024-2033
    Report Coverage Revenue Forecast, Market Dynamics, COVID-19 Impact, Competitive Landscape, Recent Developments
    Segments Covered By Nature (Organic, Conventional), By Size (Small, Large), By Form (Powder, Liquid), By Application (Food and beverages, Medical usage, Others), By End-use (Food Service, Retail), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Others)
    Regional Analysis North America – The US, Canada, Rest of North America, Europe – Germany, France, The UK, Spain, Italy, Russia, Netherlands, Rest of Europe, Asia-Pacific – China, Japan, South Korea, India, New Zealand, Singapore, Thailand, Vietnam, Rest of Asia Pacific, Latin America – Brazil, Mexico, Rest of Latin America, Middle East & Africa – South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
    Competitive Landscape Adrianna Springs Impex Pvt Ltd., Al Watania Agriculture, Aust & Hachmann, B. D. Patil Enterprises, Cardex S.A., Dharamshi Devrajkanji & Co., Georgia Gulf Chemicals, MAS Enterprises Ltd, McCormick & Company, Nani Agro Foods, Olam International, Royal Spices, Sambavanam Cardamom Company, Spice Tech, Sunlite India Agro Producer Company Ltd., Synthite Industries, T. Hasegawa Co., Ltd., Vandanmedu Green Gold Cardamom Producer Company Limited, VLC Spices, Vora Spice Mills LLP
    Customization Scope We will provide customization for segments and at the region/country level. Moreover, additional customization can be done based on the requirements.
    Purchase Options We have three licenses to opt for Single User License, Multi-User License (Up to 5 Users), Corporate Use License (Unlimited User and Printable PDF)
    Cardamom Market
    Cardamom Market
    Published date: November 2024
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    • Adrianna Springs Impex Pvt Ltd.
    • Al Watania Agriculture
    • Aust & Hachmann
    • B. D. Patil Enterprises
    • Cardex S.A.
    • Dharamshi Devrajkanji & Co.
    • Georgia Gulf Chemicals
    • MAS Enterprises Ltd
    • McCormick & Company
    • Nani Agro Foods
    • Olam International
    • Royal Spices
    • Sambavanam Cardamom Company
    • Spice Tech
    • Sunlite India Agro Producer Company Ltd.
    • Synthite Industries
    • T. Hasegawa Co., Ltd.
    • Vandanmedu Green Gold Cardamom Producer Company Limited
    • VLC Spices
    • Vora Spice Mills LLP
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Cardamom Market
  • 133637
  • November 2024
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