Global Cardamom Market Growth 2023-2029

Global Cardamom Market Growth 2023-2029

Cardamom is an exotic and aromatic spice occurring primarily in two genera: Elettaria (green cardamom) and Amomum (black cardamom). Cardamom has culinary and medicinal properties. However, cardamom, being the third-most expensive spice in the world, is the luxury of upper middle-class and rich populations. Cardamom market is highly concentrated, as nearly 70% of the global production of this spice is accounted by two major producers: Guatemala and India. Cardamom is produced in two variants: small cardamom and big cardamom.

LPI (LP Information)' newest research report, the “Cardamom Industry Forecast” looks at past sales and reviews total world Cardamom sales in 2022, providing a comprehensive analysis by region and market sector of projected Cardamom sales for 2023 through 2029. With Cardamom sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Cardamom industry.

This Insight Report provides a comprehensive analysis of the global Cardamom landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Cardamom portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Cardamom market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Cardamom and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Cardamom.

The global Cardamom market size is projected to grow from US$ 63170 million in 2022 to US$ 73070 million in 2029; it is expected to grow at a CAGR of 73070 from 2023 to 2029.

One trend in the market is increasing availability of cardamom products through online retailing. With the increase in e-commerce businesses worldwide, the vendors have immense potential to enhance their profitability. E-commerce trading accounts nearly 12% of the global retail trade. Most of these e-commerce channels support business-to-business (B2B) and business-to-consumer (B2C) operations. One driver in the market is increasing use of cardamom in developing countries. The major developing countries in regions like The Middle East and Africa (MEA), Latin America, Eastern Europe, and South-East Asia form the bulk of the market for cardamom products.

This report presents a comprehensive overview, market shares, and growth opportunities of Cardamom market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Ingredients
Powder
Liquid Extract

Segmentation by application
Online Retail
Offline Retail

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Cardex
DS Group
MAS Enterprises
McCormick & Company (MKC)

Key Questions Addressed in this Report

What is the 10-year outlook for the global Cardamom market?

What factors are driving Cardamom market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Cardamom market opportunities vary by end market size?

How does Cardamom break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.