Green Cardamom Market Size To Reach $1,220.3 Million By 2030

Green Cardamom Market Growth & Trends

The global green cardamom market size is anticipated to reach USD 1,220.3 million by 2030 and is projected to grow at a CAGR of 5.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is primarily driven by increasing demand in the food and beverage industry, particularly in regions like the Middle East, South Asia, and Europe. Green cardamom is a key ingredient in traditional cuisines, where its aromatic flavor is highly prized. The rising popularity of ethnic and exotic foods in Western countries has further fueled demand. In addition, the health benefits of green cardamom, such as its antioxidant and digestive properties, are driving its use in the nutraceutical and pharmaceutical sectors.

Consumers are increasingly seeking products that are not only beneficial to their health but also environmentally friendly. This has led to a rise in the production and certification of organic green cardamom. Another trend is the growing interest in value-added products, such as cardamom-infused oils, teas, and ready-to-use spice blends. The trend of home cooking, especially post-pandemic, has also boosted the demand for premium spices like green cardamom, as consumers experiment with global cuisines.

Consumers are adopting green cardamom in various forms, from whole pods to ground powder, and in a wide range of applications. In the food sector, green cardamom is used in both sweet and savory dishes, including desserts, curries, and beverages like coffee and chai. The trend of "clean eating" and the preference for natural flavors over artificial additives have also contributed to the adoption of green cardamom. In the health and wellness sector, consumers are increasingly turning to green cardamom for its medicinal properties, using it in home remedies for digestion, respiratory health, and oral hygiene.

The global market is characterized by the presence of several key players, ranging from small-scale farmers to large multinational companies. Major producers include countries like Guatemala, which is the largest exporter, followed by India, Sri Lanka, and Tanzania. The market is highly fragmented, with numerous local players in producing countries who compete based on quality, price, and sustainability practices.

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Green Cardamom Market Report Highlights

• The small segment led the market with the largest revenue share of 61.64% in 2023. Their strong flavor and aromatic qualities make them a popular choice for culinary use around the world

• Based on nature, the organic segment is expected to grow at the fastest CAGR of 6.8% from 2024 to 2030. This growth is fueled by a rising consumer preference for natural and sustainably sourced products, alongside growing awareness of environmental and health issues

• Based on end use, the food service segment is projected to grow at the fastest CAGR of 7.2% from 2024 to 2030. This growth is driven by the spice’s ability to elevate flavor profiles and distinguish menu offerings, combined with a growing trend of incorporating exotic and premium ingredients in restaurant dishes

• Asia Pacific dominated the market with the largest revenue share of 54.95% in 2023. The market in this region is primarily driven by the spice's significant cultural and culinary importance, particularly in South Asia, where it is a key ingredient in traditional dishes, desserts, and beverages such as masala chai and biryani

Green Cardamom Market Segmentation

Grand View Research has segmented the global green cardamom market based on the product, nature, end-use, and region:

Green Cardamom Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Small

• Large

Green Cardamom End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Food Service

• Retail

  • Hypermarkets/Supermarkets

  • Convenience Stores

  • Online

  • Others

Green Cardamom Nature Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Organic

• Conventional

Green Cardamom Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Netherlands

  • Sweden

  • Finland

• Asia Pacific

  • China

  • India

  • Japan

  • Australia

  • South Korea

• Central & South America

  • Brazil

• Middle East & Africa

  • South Africa

List of Key Players in the Green Cardamom Market

• Vandanmedu Green Gold Cardamom Producer Company Limited

• Adrianna Springs Impex Pvt Ltd.

• Cardex S.A.

• MAS Enterprises Ltd

• Nani Agro Foods

• Royal Spices

• Sunlite India Agro Producer Company Ltd.

• Synthite Industries

• VLC Spices

• Vora Spice Mills LLP