Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 887 Million | USD 1544 Million | 5.7% | 2024 |
The global green cardamom market size was worth around USD 887 million in 2024 and is predicted to grow to around USD 1544 million by 2034, with a compound annual growth rate (CAGR) of roughly 5.7% between 2025 and 2034.
Indigenous to southern India, Elettaria cardamomum is an herbaceous perennial plant of the ginger family. Usually referred to as green or real cardamom, it is also the most common species; its seeds are ground into cardamom, a pungent, strong spice. Mainly growing in tropical climates, it has allegedly naturalized in Réunion, Costa Rica, and Indochina.
The green cardamom market is driven by several elements, including increasing demand in the food & beverage industry, expansion of ayurvedic and herbal medicine, increased exports and global trade, growing popularity in the cosmetics & personal care industry, rising consumption in functional foods, and others.
Increasing number of applications drives market growth
Consumers in a range of forms—from crushed powder to whole pods—as well as for a range of uses, began to favor green cardamom. Green cardamom is used in savory and sweet culinary arts recipes, including curries, desserts, and beverages like chai and coffee.
The "clean eating" movement and customers' taste for natural flavors over synthetic ones have also helped green cardamom become rather popular. Green cardamom is growing in popularity among consumers in the health and wellness sectors due to its medicinal properties. Home remedies for dental, intestinal, and respiratory conditions demand it, thus driving the green cardamom market during the projected period.
High production cost hinders market growth
High production costs severely limit the profitability, pricing, and supply stability of green cardamom. Hand-growing, weeding, and harvesting green cardamom can be quite labor-intensive. Hand harvesting is often done in difficult terrain, which increases labor costs. Although quality guarantees depend on qualified staff, shortages lead to higher salaries. Cardamom also grows best in tropical, humid environments with specific temperature patterns and rainfall.
For farmers in less-than-ideal conditions, the need for controlled environments and irrigation systems drives output costs. The uncertainty of farming brought on by climate change has driven up crop protection expenses. Therefore, the high production cost hinders the growth of the cardamom industry.
Growing introduction of new varieties offers a lucrative opportunity for market growth
The increasing introduction of new varieties is expected to offer a lucrative opportunity to the green cardamom market during the projected period.
For instance, in August 2024, Prime Minister Narendra Modi introduced 109 new crop varieties in Delhi, including two cutting-edge cardamom cultivars created by the Indian Institute of Spices Research (IISR) in Appangala, Madikeri, which significantly advanced climate-resilient agriculture. India's efforts to counteract the effects of climate change on farming have advanced considerably with the introduction of these cultivars, IISR Manushree and IISR Kaveri.
The Indian Council of Agricultural Research (ICAR)'s IISR regional station in Appangala has played a key role in protecting and making use of cardamom genetic resources. The new clonal-selected cultivars stand out for their ability to withstand drought, which is a crucial characteristic given the increasingly unpredictable weather patterns.
Price volatility poses a major challenge to market expansion
Price fluctuation is a major issue influencing producers as well as consumers in the green cardamom industry. Variations can be brought about by many factors, including supply-demand imbalances, climate conditions, and geopolitical influences.
Green cardamom grows best at a specific temperature and humidity range. Temperature variations, droughts, and heavy rain can all reduce output, thus affecting supply shortages and price rises. Climate change has affected price stability and reduced the predictable nature of output.
Moreover, the supply chain is quite delicate since cardamom is grown in a few important sites (India, Guatemala, and Sri Lanka). Global logistical issues like port congestion, increasing fuel prices, export restrictions, and transit delays affect pricing.
Report Attributes | Report Details |
---|---|
Report Name | Green Cardamom Market |
Market Size in 2024 | USD 887 Million |
Market Forecast in 2034 | USD 1544 Million |
Growth Rate | CAGR of 5.7% |
Number of Pages | 211 |
Key Companies Covered | Vandanmedu Green Gold Cardamom Producer Company Limited, Adrianna Springs Impex Pvt Ltd., Cardex S.A., MAS Enterprises Ltd, Nani Agro Foods, Eastmade Spices & Herbs Private Limited, Ashapura Agrocomm Private Limited., Synthite Industries, VLC Spices, Vora Spice Mills LLP, and others. |
Segments Covered | By Product, By Nature, By End-Use, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2019 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global green cardamom industry is segmented based on product, nature, end-use, and region.
Based on the product, the global green cardamom market is bifurcated into small and large. The small segment is expected to hold the largest market share over the forecast period. Due to its strong flavor and fragrant qualities, little green cardamom is highly prized and frequently used in culinary applications across the globe. Its distinct flavor is crucial to many traditional foods, drinks, and sweets, especially in Middle Eastern and South Asian cuisines. The demand for small green cardamom has increased dramatically as these flavors have become popular in international food trends.
Based on nature, the global green cardamom industry is bifurcated into organic and conventional. The conventional segment is expected to dominate the market expansion over the projected period. Compared to organic farming, conventional farming methods usually have lower production costs, which enables competitive pricing. Conventional green cardamom's widespread use in a variety of industries, including food and beverage, and its wide market acceptance help to sustain its steady demand.
Based on the end-use, the global green cardamom market is bifurcated into food service and retail. The retail segment is expected to hold the largest market share over the forecast period. The segment's dominance is mostly driven by customer interest in pricey and unique spices, the growing popularity of home cooking, and the need for healthier ingredients.
Asia Pacific dominates the market over the projected period
The Asia Pacific is expected to dominate the global green cardamom market. The Asia Pacific area is one of the world's leading producers of cardamom, which explains its supremacy. India is the primary cardamom-producing country in Asia-Pacific. Five years later, in January 2025, cardamom prices in India hit a new high of USD 36.1 per kilogram. It is also one of the world's largest cardamom growers.
The local market is expected to develop as a result of the availability of cardamom essential oil, rising consumer expenditure on food and drink, internet shopping, and a growing demand for natural ingredients. Growing health consciousness in the area is also driving demand, as people increasingly value cardamom's antioxidant and digestive properties, which leads to its use in herbal supplements and Ayurvedic medicines.
The global green cardamom market is dominated by players like
The global green cardamom market is segmented as follows:
By Product
By Nature
By End-Use
By Region
North America
FrequentlyAsked Questions
Indigenous to southern India, Elettaria cardamomum is an herbaceous perennial plant of the ginger family. Usually referred to as green or real cardamom, it is also the most common species; its seeds are ground into cardamom, a pungent, strong spice.
The green cardamom market is driven by several variables, including growing demand in the food & beverage industry, growing popularity in the cosmetics & personal care industry, rising consumption in functional foods, and many others.
According to the report, the global green cardamom market size was worth around USD 887 million in 2024 and is predicted to grow to around USD 1544 million by 2034.
The global green cardamom market is expected to grow at a CAGR of 5.7% during the forecast period.
The global green cardamom market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market due to the high production of cardamom and increasing awareness of its health benefits.
The global green cardamom market is dominated by players like Vandanmedu Green Gold Cardamom Producer Company Limited, Adrianna Springs Impex Pvt Ltd., Cardex S.A., MAS Enterprises Ltd, Nani Agro Foods, Eastmade Spices & Herbs Private Limited, Ashapura Agrocomm Private Limited., Synthite Industries, VLC Spices, and Vora Spice Mills LLP, among others.
The green cardamom market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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