Green Cardamom Market Size, Growth and Demand 2034

Green cardamom (Elettaria cardamomum) is a herbaceous, perennial species belonging to the ginger family and is often referred to as the "Queen of Spices" because of its distinct flavor and intense aroma. This spice is highly esteemed for its numerous health-promoting properties, including being anti-inflammatory, antidiabetic, and antioxidant. Native to southern India, green cardamom is sold outside in a number of grades, including Alleppey Green Superior (AGS), Alleppey Green Bold (AGB), and Alleppey Green Extra Bold (AGEB).

According to SPER market research, ‘Global Green Cardamom Market Size- By Product, By Nature, By End-User - Regional Outlook, Competitive Strategies and Segment Forecast to 2034’ state that the Global Green Cardamom Market is predicted to reach 1552.5 million by 2034 with a CAGR of 5.73%.

Drivers:

The demand for green cardamom is fuelled by the growing demand for natural and organic food products worldwide. As consumers become increasingly health-conscious, they are actively looking for chemical-free, organic, and sustainably sourced ingredients. Green cardamom, prized for its aromatic qualities and health advantages, has become increasingly popular among both household consumers and food manufacturers. In summary, the growing appetite for natural and organic spices fuels the expansion of the market. Moreover, green cardamom has been a crucial component of traditional medical practices, including Ayurveda, Unani, and Traditional Chinese Medicine, for many centuries. It is well-regarded for its digestive, anti-inflammatory, and antimicrobial characteristics.

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Restraints:

Cultivating green cardamom demands a considerable financial investment due to its particular climate and soil needs. The crop flourishes in tropical regions characterized by well-drained soils, moderate temperatures, and high humidity, requiring specialized systems for irrigation and shading. Farmers must invest in quality seedlings, organic fertilizers, and pest control measures to promote vigorous plant growth. In conclusion, the market's expansion is severely hampered by the high upfront costs and continuing upkeep involved in growing green cardamom. The market for green cardamom was dominated by the Asia Pacific region, which had the highest revenue share in 2024. This region is among the top producers of cardamom globally, which accounts for its leading position. India stands out as the foremost cardamom-producing country within the Asia-Pacific area. The market in this region is anticipated to expand due to several factors, including increased consumer spending on food and beverages, the growth of online shopping, the availability of cardamom essential oil, and a heightened demand for natural ingredients. Some of the key market players are Adrianna Springs Impex Pvt Ltd, Cardex S.A, Vandanmedu Green Gold Cardamom Producer Company Limited, and others.

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Green Cardamom Market Share

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