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According to the latest research, the global Cardamom market size was valued at USD 683.43 million in 2022 and is expected to expand at a CAGR of 1.19% during the forecast period, reaching USD 733.74 million by 2028.
Cardamom is called as queen of spices which has exotic aromatic flavors. Cardamom is an oldest and third most expensive spice after saffron and vanilla. Cardamom has warm fortifying fragrance that adds extra advantage tancient spices. Cardamom is derived from the Latin word cardamomum which is a kind of Indian spice plant. Cardamom is als used for medical purposes as it is very curative in nature. It helps in healing of sore throat, whitening of teeth, digestive disorders etc. Cardamoms, being one of the primary ingredients are used in herbal health supplements such as tea bags, cardamom powders, cardamom liquids etc.
People's health awareness
With the global focus on people's health, awareness of health care has increased. People are increasingly aware of the health benefits of soymeal product consumption, which will bring more opportunities to the soybean meal market.
The development of e-commerce
With the development of the e-commerce industry worldwide, cardamom trading will become more convenient and simpler. This will bring new growth to the cardamom market.
Form a more complete industrial chain
Cardamom is a crop and therefore has a characteristic of being easily deteriorated. The need for a storage environment is higher. It is sensitive to the effects of temperature, humidity and oxygen on the outside world and needs to be stored in a suitable environment. Therefore, controlling the quality of cardamom from the source, participating in the production of cardamom, and supervising the processing of cardamom can effectively improve the quality of the cardamom products, form a complete industrial chain, and reduce the intermediate cost.
Labor shortage and rising labor costs
The cultivation and processing of cardamom requires a large amount of labor. As the population ages, labor shortages and rising labor costs will affect the cardamom market.
Product price fluctuations
Known as the "Queen of Spices", cardamom is a relatively expensive spice. Although the sales of cardamom have been rising, the production of cardamom has been greatly affected due to the impact of the climate. The price of cardamom is highly fluctuated by production, which has been affecting the enthusiasm of cardamom growers.
Region Overview:
Middle East & Africa is projected to account for a considerable share of the Cardamom market and is expected to become the largest region by 2028.
Company Overview:
Cardex, S. A is one of the major players operating in the Cardamom market, holding a share of 20.63% in 2023.
Cardex, S. A
CARDEX is the world's largest exporter of soymeal and has been on the market for more than 35 years. The quality and reliability of the CARDEX brand has been recognized by customers. In addition to cardamom, CARDEX also exports Allspice, Annatto Seeds, dried black lemon and essential oils.
Green Gold
Vandanmedu Green Gold Cardamom Producer Co.Ltd. is a producer company registered with the Ministry of Corporate Affairs, Govt. The shareholders of the company are spice producers with major crop area of small cardamom plantations located in the Idukki District of Kerala in Western Ghats, where 90 percentage of India's small cardamom is produced.
Segmentation Overview:
Among different product types, Neither Crushed nor Ground segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Food and Drink segment occupied the biggest share from 2018 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Cardamom industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Cardamom. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Cardamom Market Report Include:
Market Size Estimates: Cardamom market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Cardamom market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Cardamom market
Segment Market Analysis: Cardamom market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Cardamom market situations and prospects in major and top regions and countries
Cardamom Market
Cardamom Industry Chain: Cardamom market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Cardamom Industry News, Policies by regions
Cardamom Industry Porters Five Forces Analysis
Key players in the global Cardamom market are covered in Chapter 2:
Fedecovera
N C Bhojraj & Company (NCBC)
IMEXA
Monte de Oro
ROYAL SPICES
Green Gold
MAS Enterprises Ltd
EXCARD, S.A
Cardomino
Cardex, S.A
Agro Diversas SA
In Chapter 6 and Chapter 9, on the basis of types, the Cardamom market from 2018 to 2028 is primarily split into:
Neither Crushed nor Ground
Crushed or Ground
In Chapter 7 and Chapter 10, on the basis of applications, the Cardamom market from 2018 to 2028 covers:
Food and Beverage
Pharmaceuticals
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Cardamom market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Cardamom industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Cardamom market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Cardamom industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Cardamom market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Cardamom market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Cardamom market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
Cardamom is called as queen of spices which has exotic aromatic flavors. Cardamom is an oldest and third most expensive spice after saffron and vanilla. Cardamom has warm fortifying fragrance that adds extra advantage tancient spices. Cardamom is derived from the Latin word cardamomum which is a kind of Indian spice plant. Cardamom is als used for medical purposes as it is very curative in nature. It helps in healing of sore throat, whitening of teeth, digestive disorders etc. Cardamoms, being one of the primary ingredients are used in herbal health supplements such as tea bags, cardamom powders, cardamom liquids etc.
People's health awareness
With the global focus on people's health, awareness of health care has increased. People are increasingly aware of the health benefits of soymeal product consumption, which will bring more opportunities to the soybean meal market.
The development of e-commerce
With the development of the e-commerce industry worldwide, cardamom trading will become more convenient and simpler. This will bring new growth to the cardamom market.
Form a more complete industrial chain
Cardamom is a crop and therefore has a characteristic of being easily deteriorated. The need for a storage environment is higher. It is sensitive to the effects of temperature, humidity and oxygen on the outside world and needs to be stored in a suitable environment. Therefore, controlling the quality of cardamom from the source, participating in the production of cardamom, and supervising the processing of cardamom can effectively improve the quality of the cardamom products, form a complete industrial chain, and reduce the intermediate cost.
Labor shortage and rising labor costs
The cultivation and processing of cardamom requires a large amount of labor. As the population ages, labor shortages and rising labor costs will affect the cardamom market.
Product price fluctuations
Known as the "Queen of Spices", cardamom is a relatively expensive spice. Although the sales of cardamom have been rising, the production of cardamom has been greatly affected due to the impact of the climate. The price of cardamom is highly fluctuated by production, which has been affecting the enthusiasm of cardamom growers.
Region Overview:
Middle East & Africa is projected to account for a considerable share of the Cardamom market and is expected to become the largest region by 2028.
Company Overview:
Cardex, S. A is one of the major players operating in the Cardamom market, holding a share of 20.63% in 2023.
Cardex, S. A
CARDEX is the world's largest exporter of soymeal and has been on the market for more than 35 years. The quality and reliability of the CARDEX brand has been recognized by customers. In addition to cardamom, CARDEX also exports Allspice, Annatto Seeds, dried black lemon and essential oils.
Green Gold
Vandanmedu Green Gold Cardamom Producer Co.Ltd. is a producer company registered with the Ministry of Corporate Affairs, Govt. The shareholders of the company are spice producers with major crop area of small cardamom plantations located in the Idukki District of Kerala in Western Ghats, where 90 percentage of India's small cardamom is produced.
Segmentation Overview:
Among different product types, Neither Crushed nor Ground segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Food and Drink segment occupied the biggest share from 2018 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Cardamom industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Cardamom. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Cardamom Market Report Include:
Market Size Estimates: Cardamom market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Cardamom market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Cardamom market
Segment Market Analysis: Cardamom market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Cardamom market situations and prospects in major and top regions and countries
Cardamom Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Cardamom Industry Chain: Cardamom market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Cardamom Industry News, Policies by regions
Cardamom Industry Porters Five Forces Analysis
Key players in the global Cardamom market are covered in Chapter 2:
Fedecovera
N C Bhojraj & Company (NCBC)
IMEXA
Monte de Oro
ROYAL SPICES
Green Gold
MAS Enterprises Ltd
EXCARD, S.A
Cardomino
Cardex, S.A
Agro Diversas SA
In Chapter 6 and Chapter 9, on the basis of types, the Cardamom market from 2018 to 2028 is primarily split into:
Neither Crushed nor Ground
Crushed or Ground
In Chapter 7 and Chapter 10, on the basis of applications, the Cardamom market from 2018 to 2028 covers:
Food and Beverage
Pharmaceuticals
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Cardamom market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Cardamom industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Cardamom market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Cardamom industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Cardamom market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Cardamom market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Cardamom market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
