Latest News- Cardamom Market: Ingredients is expected to lead the Product segment during 2025-2029

The Cardamom Market is being driven by Growing awareness about health benefits of cardamom

The Cardamom Market is expected to grow at a CAGR of 3.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 195.3 million. The surge in online commerce has significantly boosted the sales of cardamom and related products in recent years. With a vast array of cardamom offerings from numerous brands accessible through digital channels, consumers now have unparalleled convenience and choice. The ITU reports that as of 2023, approximately 5.4 billion people, or 67% of the global population, have internet access. This expanding digital landscape has given rise to an increasing number of e-commerce companies, leading to a substantial increase in online cardamom purchases. Consumers appreciate the personalized shopping experience and product recommendations provided by e-commerce platforms when buying cardamom for various applications. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Ingredients
  • Powder
  • Liquid extract
• Application
  • Food and beverages
  • Medical usage
  • Others
• Type
  • Green cardamom
  • Black cardamom
  • White cardamom
• Distribution Channel
  • Offline
  • Online
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • Italy
  • Middle East and Africa
  • North America
    • US
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing awareness about health benefits of cardamom
• Increasing use of cardamom in developing countries
• Multifaceted nature of cardamom

However, the market also witnesses some limitations, which are as follows:

• Fluctuation in prices of cardamom
• Distribution challenges
• Side effects from regular and over-consumption of cardamom

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Market Scope in Cardamom Market Research Report

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Research Analysis Overview

The cardamom market encompasses various aspects, including its growing regions, such as India, Guatemala, and Indonesia, where large-scale plantations thrive. Yields can be impacted by pests and diseases, while extraction methods like steam distillation preserve its aroma compounds and flavor profile for sensory evaluation. Shelf life, retail sales, and price volatility are key market factors. Innovations in technology, biotechnology, and genetic modification offer potential solutions, with industry leaders, associations, research institutes, and conferences driving advancements. Substitutes exist, but cardamom's unique aroma and flavor profile set it apart. Cardamom distillation and synthetic flavors are topics of ongoing research.

Market Research Overview

The global packaged foods and meats market encompasses vendors engaged in food processing to ensure food safety and enhance shelf life. According to Technavio, the market's size is determined by the consolidated revenue of participating entities. This market excludes equipment manufacturers and producers of packaged beverages, including alcoholic and non-alcoholic varieties. Factors propelling the market's expansion include the health advantages linked to the consumption of minimally processed foods, such as cardamom pods (whole and ground, green and black), which are rich sources of essential nutrients like potassium, dietary fiber, folate, vitamin A, and vitamin C.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/