Global Cardamom Market Size was $689.51 Million in 2023

Global Cardamom Market Overview

According to Global Market Monitor, the global cardamom market size was $689.51 million in 2023 with a CAGR of 1.25% from 2023 to 2029.

Cardamom is called the queen of spices which has exotic aromatic flavors and is the oldest and third most expensive spice after saffron and vanilla. Cardamom has a warm fortifying fragrance that adds extra advantages to ancient spices. It is also used for medical purposes as it is very curative, helping in the healing of sore throat, whitening of teeth, digestive disorders, etc. Cardamom is one of the primary ingredients used in herbal health supplements such as tea bags, cardamom powders, cardamom liquids, etc.

Market Trends

Cardamom is a crop and therefore has a characteristic of being easily deteriorated. The need for a storage environment is higher. It is sensitive to the effects of temperature, humidity, and oxygen on the outside world and needs to be stored in a suitable environment. Therefore, controlling the quality of cardamom from the source, participating in the production of cardamom, and supervising the processing of cardamom can effectively improve the quality of the cardamom products, form a complete industrial chain, and reduce the intermediate cost.

With the global focus on people's health, awareness of health care has increased. People are increasingly aware of the health benefits of soymeal product consumption, which will bring more opportunities to the soybean meal market.With the development of the e-commerce industry worldwide, cardamom trading will become more convenient and simpler. This will bring new growth to the cardamom market. Known as the "Queen of Spices", cardamom is a relatively expensive spice. Although the sales of cardamom have been rising, the production of cardamom has been greatly affected due to the impact of the climate. The price of cardamom is highly fluctuated by production, affecting the enthusiasm of cardamom growers. The cultivation and processing of cardamom requires a large amount of labor. As the population ages, labor shortages and rising labor costs will affect the cardamom market.

Drivers	People's health awareness
	Rising consumption in emerging countries
	The development of e-commerce
	Form a more complete industrial chain
Limitations	The production of cardamom is affected by the climate
	Labor shortage and rising labor costs
	Product price fluctuations