Global Cardamom Market Research Report 2022
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.
Due to the COVID-19 pandemic, the global Cardamom market size is estimated to be worth US$ 64580 million in 2021 and is forecast to a readjusted size of US$ 74430 million by 2028 with a CAGR of 2.0% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, the Europe Cardamom market is estimated at US$ million in 2022, while the United States and China are forecast to reach US$ million and US$ million by 2028, respectively. The proportion of the United States is % in 2022, while Chinese percentage is %, and it is predicted that China market share will reach % in 2028, trailing a CAGR of % through the analysis period. As for the Europe Cardamom landscape, Germany is projected to reach US$ million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
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 focuses on Cardamom volume and value at the global level, regional level, and company level. From a global perspective, this report represents overall Cardamom market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan, etc.
Global Cardamom Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Ingredients
Powder
Liquid Extract
Segment by Application
Online Retail
Offline Retail
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
By Company
Cardex
DS Group
MAS Enterprises
McCormick & Company (MKC)
Due to the COVID-19 pandemic, the global Cardamom market size is estimated to be worth US$ 64580 million in 2021 and is forecast to a readjusted size of US$ 74430 million by 2028 with a CAGR of 2.0% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, the Europe Cardamom market is estimated at US$ million in 2022, while the United States and China are forecast to reach US$ million and US$ million by 2028, respectively. The proportion of the United States is % in 2022, while Chinese percentage is %, and it is predicted that China market share will reach % in 2028, trailing a CAGR of % through the analysis period. As for the Europe Cardamom landscape, Germany is projected to reach US$ million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
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 focuses on Cardamom volume and value at the global level, regional level, and company level. From a global perspective, this report represents overall Cardamom market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan, etc.
Global Cardamom Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Ingredients
Powder
Liquid Extract
Segment by Application
Online Retail
Offline Retail
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
By Company
Cardex
DS Group
MAS Enterprises
McCormick & Company (MKC)
Frequently 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.
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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.
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