Market Research Logo

Global Cardamom Market 2017-2021

Global Cardamom Market 2017-2021

About Cardamom

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.Technavio’s analysts forecast the global cardamom market to grow at a CAGR of 2.35% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global cardamom market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Cardamom Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Cardex
  • MAS Enterprises
  • DS Group
  • McCormick & Company (MKC)
Other prominent vendors
  • Everest Spices
  • IMEXA
  • Kautilya Commodities
  • N C Bhojraj & Company (NCBC)
  • ROYAL SPICES
  • South Indian Green Cardamom Company (SIGCC)
  • Synthite Industries
  • www.naturoca.com
Market driver
  • Increasing use of cardamom in developing countries
  • For a full, detailed list, view our report
Market challenge
  • Fluctuation in prices of cardamom
  • For a full, detailed list, view our report
Market trend
  • Increasing availability of cardamom products through online retailing
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Releases

Technavio Announces the Publication of its Research Report – Global Cardamom Market 2017-2021

Technavio recognizes the following companies as the key players in the global cardamom market: Cardex, MAS Enterprises, DS Group, and McCormick & Company (MKC).

Other Prominent Vendors in the market are: Everest Spices, IMEXA, Kautilya Commodities, N C Bhojraj & Company (NCBC), ROYAL SPICES, South Indian Green Cardamom Company (SIGCC), Synthite Industries, and www.naturoca.com.

Commenting on the report, an analyst from Technavio’s team said: “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.”

According to the report, 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. Steady economic growth and development, especially in APAC; MEA; and Latin American regions, have resulted in higher disposable income of the consumers. India, Saudi Arabia, China, Brazil, Argentina, Indonesia, Hungary, Nigeria, Iran, and Turkey are the forerunners, when it comes to the rising disposable incomes of the consumers.

Further, the report states that one challenge in the market is fluctuation in prices of cardamom. The global cardamom market is one of the most volatile markets in the world in terms of price fluctuations. This is primarily due to the unpredictable and inconsistent cardamom production in leading producers like Guatemala and India. Guatemala accounts nearly 45% of the global production of cardamom. In some months due to the overproduction of cardamom in Guatemala, the price of cardamom in the global market becomes depreciated.

Companies Mentioned

Cardex, MAS Enterprises, DS Group, McCormick & Company (MKC), Everest Spices, IMEXA, Kautilya Commodities, N C Bhojraj & Company (NCBC), ROYAL SPICES, South Indian Green Cardamom Company (SIGCC), Synthite Industries, and www.naturoca.com.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
    • A brief overview of imports and exports in the global cardamom market in 2015
      • Table Global cardamom market: Revenue share of major importing countries in 2015 (%)
      • Table Global cardamom market: Revenues generated by major importing countries in 2015 ($ millions)
      • Table Global cardamom market: Revenue share of major exporting countries in 2015 (%)
      • Table Global cardamom market: revenues generated by major exporting countries in 2015 ($ millions)
    • An overview of the leading exporter and producer of cardamom: Guatemala
      • Table Guatemala cardamom exports: Revenue share of major countries in 2015 (%)
      • Table Guatemala cardamom exports: Volume share of major countries in 2015 (%)
  • Market landscape
    • Market overview
      • Table Global cardamom market: Overview by segmentation type
    • Market size and forecast
      • Table Global cardamom market: An overview of the parent market
    • Global specialty food ingredients market
      • Table Global specialty food ingredients market 2016-2021 ($ billions)
    • Global cardamom market
      • Table Global cardamom market 2016-2021 ($ millions)
      • Table Global cardamom market: Market share in terms of consumption in regions and countries in 2016 (%)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Segmentation of cardamom market by application
      • Table Global cardamom market: Revenue share of application segments in 2016 and 2021 (%)
      • Table Global cardamom market: Revenue share of application segments from 2016 to 2021 (%)
      • Table Global cardamom market by application segmentation: CAGR comparison
    • Global cardamom market in F&B
      • Table Global cardamom market in food and beverages 2016-2021 ($ millions)
    • Global cardamom market in medicinal uses
      • Table Global cardamom market in medicinal uses 2016-2021 ($ millions)
    • Global cardamom market in other uses
      • Table Global cardamom market in other uses 2016-2021 ($ millions)
  • Market segmentation by product
    • Segmentation of cardamom market by product type
      • Table Global cardamom market: Revenue share by product type in 2016 and 2021 (%)
      • Table Global cardamom market: Revenue share of product segments from 2016-2021 (%)
      • Table Global cardamom market by product segmentation: CAGR comparison
    • Global cardamom market based on ingredients
      • Table Global ingredient-based cardamom market 2016-2021 ($ millions)
    • Global cardamom market based on powder
      • Table Global powder-based cardamom market 2016-2021 ($ millions)
    • Global cardamom liquid extract market
      • Table Global cardamom liquid extract market 2016-2021 ($ millions)
  • Market segmentation by geography
    • Segmentation of cardamom market by geography
      • Table Global cardamom market: Revenue share of geographical regions in 2016 and 2021 (%)
      • Table Global cardamom market: Revenue share of geographical regions from 2016 to 2021 (%)
      • Table Global cardamom market by geographic segmentation: CAGR comparison
    • Cardamom market in EMEA
      • Table Cardamom market in EMEA 2016-2021 ($ millions)
    • Cardamom market in APAC
      • Table Cardamom market in APAC, 2016-2021 ($ millions)
    • Cardamom market in the Americas
      • Table Cardamom market in the Americas 2016-2021 ($ millions)
  • Key leading countries
    • Table Global cardamom market: Key leading countries in 2016
    • Table Global cardamom market revenue share of key regions and countries from 2016 to 2021 (%)
    • Table Global cardamom market by countries: CAGR comparison
    • Cardamom market in India
      • Table Cardamom market in India 2016-2021 ($ millions)
      • Table Indian cardamom market: An overview of importing countries by revenue share in 2015 (%)
      • Table Indian cardamom market: An overview of importing countries by volume share in 2015 (%)
    • Cardamom market in Saudi Arabia
      • Table Cardamom market in Saudi Arabia 2016-2021 ($ millions)
    • Cardamom market in the UAE
      • Table Cardamom market in the UAE 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Region-wise percentage rise in disposable incomes from 2010 to 2015 (%)
    • Market challenges
  • Market trends
    • Rising trend of cardamom usage in herbal health supplements
    • Increasing availability of cardamom products through online retailing
    • Growing demand for exotic spices
  • Vendor landscape
    • Competitive scenario
      • Table Global cardamom market: Key vendors
      • Table Global cardamom market: Competitive assessment of major players in 2016
  • Key vendor analysis
    • Cardex
      • Table An overview of Cardex cardamom products
    • MAS Enterprises
      • Table An overview of MAS Enterprises cardamom products
    • DS Group
      • Table An overview of DS Group cardamom products
    • McCormick & Company (MKC)
      • Table An overview of MKC cardamom products
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report