Cardamom Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Cardamom Market Report is Analyzed by Production (Volume), Consumption (Volume and Value), Imports (Volume and Value), Exports (Volume and Value), and Price Trend Analysis. The Market is Segmented by Geography Into the United States, Guatemala, Indonesia, India, Nepal, Saudi Arabia, and the United Arab Emirates. The Report Offers the Market Size and Forecasts in Terms of Value (USD) and Volume (metric Ton) for the Above-Mentioned Segments.

Cardamom Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Cardamom Market Size

Cardamom Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Market Size (2025) USD 610.48 Million
Market Size (2030) USD 820.82 Million
CAGR (2025 - 2030) 6.10 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific

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Cardamom Market Analysis

The Cardamom Market size is estimated at USD 610.48 million in 2025, and is expected to reach USD 820.82 million by 2030, at a CAGR of 6.1% during the forecast period (2025-2030).

  • In recent years, consumer purchasing patterns have considerably evolved owing to rising income levels and economic developments. The cardamom market is anticipated to grow exponentially in the coming years due to its variety of uses and various phenomenal attributes. Cardamom has its advantages, from making tea to curing heart-related disorders. The key reason behind the development of cardamom is its essential use in Ayurvedic medicines.
  • Globally, the rise in demand for Ayurvedic medicines is increasing the demand for cardamom. It is one of the most expensive spices in the world. It is a warming spice, enriched with Vitamin C, Calcium, Magnesium, and Iron. Essence derived from the cardamom seed is used in the production of medications that treat heartburn, intestinal spasms, irritable bowel syndrome (IBS), intestinal gas, constipation, liver and gallbladder complaints, and loss of appetite. It is also an ingredient in pills that treat sexual dysfunctions and urinal complications. Furthermore, the intake of cardamom helps in flushing out the toxins that could otherwise harm the skin and body.
  • Another major factor behind the growth of the cardamom market is its immense use in its taste-enhancing ability and the food and beverage industry. With its sharp flavor, Cardamom is widely used in Indian cooking to enhance the aroma of both savory and sweet dishes. Even though it is mostly known for flavouring Asian dishes and used to flavour confectionery, pastries, and baked products by the rest of the world. In addition, cardamom seeds are also used as an additive to tea and coffee. Thus, the food and beverage industry is expanding rapidly worldwide, leading to the growth of the cardamom market. Also, the growth of the cardamom industry is due to the accelerating use of cardamom in developing regions, including Latin America, the Middle East, Africa, Southeast Asia, etc. These regions consume more amount of cardamom products such as cardamom oil, concoction drink, etc. Cardamom is the third most expensive spice worldwide, which can only be owned by the upper middle-class population. However, the high production and processing costs of cardamom and the availability of other cheap spice flavors are the key factors that restricts the growth of the market.

Cardamom Market News

  • September 2023: The Spices Board of India launched the cardamom-based nutraceutical called Recovereez. Zum Heilen Diagnostic & Therapeutics, a startup company based in Thrissur in Kerala has developed the product and formulation and has been awarded the Indian patent.
  • October 2022: Nagaland launched a pilot project on the e-selling of large cardamom. The launch of the e-selling platform brings the spice-growing community together to participate in selling and buying their produce.

Cardamom Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Increasing Demand in Ayurvedic Medicines
    • 4.2.2 Accelerating Use in Food and Beverage Industry
    • 4.2.3 Increased Adoption of Cardamom in Pharmaceuticals and Cosmetics Industry
  • 4.3 Market Restraints
    • 4.3.1 High Production and Processing Cost
    • 4.3.2 Availability of Other Cheap Spices
  • 4.4 Value Chain Analysis

5. MARKET SEGMENTATION (Production Analysis in Volume, Consumption Analysis by Volume and Value, Import Analysis by Value and Volume, Export Analysis by Value and Volume, and Price Trend Analysis)

  • 5.1 Geography
    • 5.1.1 United States
    • 5.1.2 Guatemala
    • 5.1.3 Indonesia
    • 5.1.4 India
    • 5.1.5 Nepal
    • 5.1.6 Saudi Arabia
    • 5.1.7 United Arab Emirates

6. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Cardamom Industry Segmentation

Cardamom is known as the queen of spices. Green cardamom, black cardamom, and Madagascar cardamom are the major types of cardamom cultivated worldwide. The cardamom market is analyzed by Production (Volume), Consumption (Volume and Value), Imports (Volume and Value), Exports (Volume and Value), and Price trend analysis. The market is segmented by Geography into the United States, Guatemala, Indonesia, India, Nepal, Saudi Arabia, and the United Arab Emirates. The report offers the market size and forecasts in terms of value (USD) and volume (metric ton) for the above-mentioned segments.

Geography United States
Guatemala
Indonesia
India
Nepal
Saudi Arabia
United Arab Emirates
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Cardamom Market Research Faqs

How big is the Cardamom Market?

The Cardamom Market size is expected to reach USD 610.48 million in 2025 and grow at a CAGR of 6.10% to reach USD 820.82 million by 2030.

What is the current Cardamom Market size?

In 2025, the Cardamom Market size is expected to reach USD 610.48 million.

Which is the fastest growing region in Cardamom Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Cardamom Market?

In 2025, the Asia-Pacific accounts for the largest market share in Cardamom Market.

What years does this Cardamom Market cover, and what was the market size in 2024?

In 2024, the Cardamom Market size was estimated at USD 573.24 million. The report covers the Cardamom Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Cardamom Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Cardamom Industry Report

The cardamom market, also known as the elaichi market, is experiencing robust growth due to its diverse applications in the food and beverage industry, Ayurvedic medicines, and as a flavor enhancer. The market's expansion is particularly noticeable in developing regions such as Latin America, the Middle East, Africa, and Southeast Asia, areas that are benefitting from the increasing disposable incomes of their populations. Growing uses in health supplements and the acknowledged antibacterial properties of cardamom, beneficial in muscle treatment medicines, continue to drive demand. However, challenges such as high production and processing costs, price volatility, and competition from less expensive spice alternatives pose risks to market growth.

The cardamom production in the world is largely dominated by the Asia-Pacific region, which remains the leading producer and consumer. The segment's growth is also fueled by innovative packaging solutions that improve lifespan and product appeal, catered to elevate culinary experiences globally. The market report covers Cardamom Price and Producing Countries and is Analyzed by Production (Volume), Consumption (Volume and Value), Imports (Volume and Value), Exports (Volume and Value), and Price Trend Analysis. The market is segmented by geography (United States, Guatemala, Indonesia, India, Nepal, Saudi Arabia, and the United Arab Emirates).

To explore more trends in Malabar, Mysore, Siamese, Nepal, and winged cardamom types, a comprehensive market analysis PDF is available for free download. The industry analysis reveals that the market size is increasing due to the rise in market value and market growth. The market overview shows that industry trends are leaning towards innovative packaging solutions. The industry information highlights the importance of cardamom in health supplements, while the industry outlook indicates potential challenges such as price volatility and high production costs.

The market forecast predicts continued growth in developing regions, and the market review emphasizes the role of disposable incomes in driving market expansion. Industry reports provide detailed insights into market segmentation and market leaders. The market data shows a positive growth rate, supported by industry research and industry statistics. The market predictions suggest that the global market will continue to expand, driven by the increasing demand for cardamom in various applications. The report example and report pdf offer a comprehensive analysis of the market, including market share and market update. Research companies are actively involved in studying the market trends and providing valuable industry insights.

Cardamom Market Report Snapshots