Market Research Report · Study period 2021-2031 Published: September 2026

Global Cardamom Market 2021–2031: Size, Share, Trends and Forecast

The global cardamom market reached USD 1.58 billion in 2025 and is forecast to attain USD 2.31 billion by 2031, expanding at a CAGR of 6.55%. Demand is broadening beyond traditional culinary use as beverage formulators, flavor houses and premium food brands adopt cardamom in tea, coffee, bakery, confectionery and botanical formulations. Asia-Pacific remains the largest regional market, while the Middle East and Africa sustains the fastest growth through strong Gulf consumption, premium-grade imports and modern retail expansion. The report quantifies the market by cardamom type, form, application, distribution channel and geography, supported by trade analysis, primary interviews and producer-level supply modeling.

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Global Cardamom Market 2021–2031: Size, Share, Trends and Forecast — report cover

Market size & forecast

Market value · USD billion
Historical Forecast
Source: shev.io Research.
Report highlights
Market size (2025)USD 1.6 bn
Forecast (2031)USD 2.3 bn
CAGR (2025–2031)6.6%
Largest regionAsia-Pacific · 38.6%
Fastest-growingMiddle East and Africa · 7.4%
ConcentrationLow
PublishedSeptember 2026

Key findings

▪︎The global cardamom market generated USD 1.58 billion in 2025 and will reach USD 2.31 billion in 2031.
▪︎Green cardamom accounted for 67.8% of market value in 2025, supported by its premium price, broad culinary use and dominance in Gulf import demand.
▪︎Whole pods represented 70.6% of 2025 revenue, reflecting buyer preference for aroma retention, visible grade differentiation and longer flavor stability.
▪︎Food applications held 46.2% of market value, while beverages recorded the fastest application CAGR at 7.84%.
▪︎Asia-Pacific represented 38.6% of global value in 2025, anchored by India and the region's established spice-processing and consumption base.
▪︎Middle East and Africa will expand at a 7.42% CAGR through 2031 as Saudi Arabia and the United Arab Emirates deepen demand for cardamom coffee, tea and premium hospitality products.
▪︎India produced 20,696 metric tons of small cardamom and 9,552 metric tons of large cardamom in 2024-25, according to the Spices Board of India.
▪︎Indian small-cardamom exports were valued at INR 20.95 billion in 2024-25, according to the Spices Board of India.
▪︎Guatemala generated USD 495.98 million of exports under HS 0908 in 2024, representing 34.6% of world exports in the combined nutmeg, mace and cardamom heading, according to ITC Trade Map data derived from UN Comtrade.
▪︎The ten largest suppliers captured 36.8% of global cardamom revenue in 2025, leaving the market structurally fragmented across growers, auction participants, exporters, processors and branded spice companies.

Key report takeaways

✓︎Control of origin procurement, drying quality and residue compliance is becoming more valuable than simple trading scale.
✓︎Green cardamom remains the core profit pool, but oils, oleoresins and standardized extracts deliver the strongest processing margins.
✓︎Beverage innovation is the principal incremental-demand engine, particularly in specialty coffee, functional tea, dairy beverages and premium spirits.
✓︎Gulf markets reward large, intensely green capsules and consistent volatile-oil performance, sustaining a clear premium-grade pricing ladder.
✓︎Weather resilience, irrigation and improved planting material will determine supply reliability in India and Guatemala through 2031.
✓︎Traceable and certified supply will gain share as international buyers tighten pesticide-residue, contaminant and supplier-audit requirements.
✓︎Processors able to combine origin sourcing with steam sterilization, extraction and application development will outgrow commodity exporters.

Cardamom Market Segmentation Analysis by Type, Form and Application

By Cardamom Type

Green cardamom commands the largest value share because of its use in Gulf coffee, South Asian cuisine, tea, bakery and premium retail packs. Black cardamom serves a more concentrated savory-food market but benefits from expanding restaurant use and packaged spice blends. Other cardamom varieties remain localized and are most relevant to specialty culinary and botanical applications.

Green or Small CardamomBlack or Large CardamomOther Cardamom Varieties
By Form

Whole pods dominate because visible capsule size and color are central to grade selection and because intact pods retain aroma better during trade and storage. Powder provides convenience for retail blends, bakery and institutional kitchens but requires stronger authenticity and shelf-life controls. Oils, oleoresins and extracts are gaining in industrial beverages, flavors and personal care where standardized potency and precise dosing outweigh higher processing cost.

Whole Pods and SeedsGround CardamomOil, Oleoresin and Extracts
By Application

Food remains the primary application through savory dishes, bakery, confectionery, dairy desserts and spice blends. Beverages are expanding fastest as cardamom coffee and chai gain international reach and formulators develop premium dairy, plant-based and botanical drinks. Pharmaceutical, nutraceutical and personal-care demand is smaller but supports high-value extracts and tightly specified raw material.

FoodBeveragesRetail Culinary UsePharmaceuticals and NutraceuticalsPersonal Care and Other Applications
By Distribution Channel

Business-to-business trade leads because exporters, flavor houses, food manufacturers, distributors and foodservice wholesalers purchase most commercial cardamom volume. Retail remains more fragmented but captures higher unit prices through branded jars, pouches, pods and powders. E-commerce is accelerating access to premium grades and origin-specific products in markets without dense specialist-store networks.

Business-to-BusinessRetail and E-commerce

Cardamom Market Regional Analysis and Country Outlook

Asia-Pacific held 38.6% of global cardamom revenue in 2025. India combines substantial domestic consumption with organized auctions, processing capacity and established export channels, while Nepal and Bhutan are important suppliers of large cardamom. Regional growth is increasingly shaped by premium packaged spices, food manufacturing, residue-controlled export programs and investments in drying and grading.

Middle East and Africa is forecast to grow fastest at 7.42% through 2031. Saudi Arabia and the United Arab Emirates are the principal value centers because cardamom is deeply embedded in coffee service, hospitality, gifting and household consumption. The region's dependence on imported green cardamom, preference for bold capsules and active re-export trade through the UAE make grade selection and distributor relationships decisive.

Europe and North America are smaller but higher-value markets where bakery, specialty beverages, multicultural cuisine and natural flavor systems support demand. Germany and the Nordic countries maintain established culinary usage, while the United States is gaining through premium coffee, chai, craft bakery and direct-to-consumer spice retail. Latin America is led by Guatemala as an export origin, with domestic value creation advancing through better drying, farmer organization and local processing.

Projected CAGR by region
Asia-Pacific6.3%
Middle East and Africa7.4%
Europe6.1%
North America6.8%
Latin America5.7%
Projected CAGR, 2021-2031. Source: shev.io Research.

Cardamom Market Competitive Landscape and Company Share

The cardamom market has low concentration: the ten largest suppliers accounted for 36.8% of global revenue in 2025. Competition spans origin-based exporters, multinational ingredient groups, extraction specialists and consumer spice brands. No single participant controls both the fragmented farm base and the full range of industrial, foodservice and retail routes.

ofi, McCormick & Company, dsm-firmenich, Symrise and Döhler compete through global customer access, quality systems, formulation expertise and multi-origin ingredient portfolios. Synthite Industries, Plant Lipids and Akay Natural Ingredients are differentiated by extraction, oleoresin and application capabilities, while Everest, MDH, Eastern Condiments and Badia compete more directly in branded retail and foodservice formats.

Strategic investment is moving toward direct procurement, traceability, steam sterilization, optical sorting, extraction and climate-resilient origin programs. KCPMC's investment in plantations and infrastructure illustrates the push toward greater supply control in India, while Guatemala's cardamom development programs emphasize drying and agro-industrial value addition. Acquisitions remain more common in the wider flavors and seasonings sector than among primary cardamom growers because landholdings and first-mile trade remain fragmented.

Each company profile covers:

Business overviewProduct & brand portfolioEstimated revenue and capacityRecent developmentsStrategy & outlook

Cardamom Market Forecast, Investment Priorities and Opportunities

Market value will increase from USD 1.58 billion in 2025 to USD 2.31 billion in 2031. Volume growth will remain steady, while value expansion will receive additional support from premium-grade demand, traceability costs, greater processing intensity and a shift toward oils, oleoresins and standardized flavor preparations.

The central forecast assumes improving Indian yields after weather-related fluctuations, continued Guatemalan export leadership in green cardamom and sustained Gulf demand. A tighter-supply scenario would lift nominal market value through stronger prices but constrain consumption in price-sensitive packaged foods; a productivity-led scenario would accelerate penetration into mainstream beverages and affordable retail packs.

Winning suppliers will secure residue-controlled raw material, shorten procurement chains and demonstrate repeatable sensory and microbiological performance. Consumer brands will gain through convenient formats and transparent origin communication, while ingredient processors will capture the strongest margins by combining cardamom sourcing with extraction, flavor standardization and customer-specific application support.

➤︎Cardamom extracts for functional beverages and premium dairy formulations
➤︎Residue-controlled and certified organic supply programs
➤︎Direct grower sourcing and digitally traceable export lots
➤︎Value-added consumer formats including pods, seeds, powders and infusion sachets
➤︎Irrigation, disease-resistant planting material and energy-efficient drying
➤︎Premium black cardamom applications in savory foods and culinary blends

Regulation and taxation

Excise, labelling and distribution rules shape where and how the market competes. The regimes that matter most here:

§︎The Food Safety and Standards Authority of India regulates whole small cardamom, seeds, powder and large cardamom under Regulation 2.9.2; specifications cover moisture, extraneous matter, ash, insect damage and volatile-oil content.
§︎The Spices Board of India administers licensed small-cardamom e-auctions and performs statutory development, research and export-promotion functions under the Spices Board Act, 1986.
§︎Codex Alimentarius standards and codes for spices and culinary herbs guide international expectations for hygiene, contaminants, identity and fair trade; India hosts the Codex Committee on Spices and Culinary Herbs.
§︎European Union Regulation (EU) 2023/915 establishes maximum levels for specified contaminants in food, while EU pesticide maximum-residue limits govern market access for imported cardamom.
§︎The United States Food and Drug Administration applies the Food Safety Modernization Act preventive-control, foreign-supplier verification and sanitary food-import requirements to cardamom suppliers and importers.
§︎Organic cardamom sold in the European Union, United States or India must comply with the relevant organic production, certification, chain-of-custody and labeling regime.

Recent industry developments

Q2 2025
The Spices Board of India reported 2024-25 small-cardamom production of 20,696 metric tons, down from 25,230 metric tons in 2023-24, intensifying procurement focus on yield recovery and premium-grade availability.
Q2 2025
The Spices Board of India reported 2024-25 large-cardamom production of 9,552 metric tons, up from 9,288 metric tons in 2023-24.
Q2 2025
FSSAI's standards work program included revisions to Indian standards for whole small cardamom and cardamom seeds, keeping physical quality and compositional requirements at the center of domestic compliance.
FY 2024-25
The Kerala Cardamom Processing and Marketing Company acquired Bison Valley Estate in Peermedu and began irrigation, infrastructure and replanting work to expand its integrated plantation base.
FY 2024-25
The Kerala Cardamom Processing and Marketing Company fully operationalized its PureSpice plantations in Kallar, Idukki, strengthening direct production alongside cleaning, grading and trading operations.
Q3 2024
FSSAI and Indian stakeholders advanced stronger quality standards for spices through the Codex Committee on Spices and Culinary Herbs, reinforcing residue, authenticity and food-safety priorities for exporters.
Q4 2023
The Government of Guatemala and FAO presented a Hand-in-Hand investment program covering cardamom value-chain development, including cardamom drying units, sustainable production and agro-industrial upgrading.

Report scope

Market definition. The cardamom market comprises commercially traded green or small cardamom from Elettaria cardamomum, black or large cardamom primarily from Amomum and related genera, cardamom seeds and commercially processed cardamom powder, oil, oleoresin and extracts. Market value is measured at the first commercial sale of cleaned, graded or processed cardamom into food manufacturing, beverages, foodservice, retail, pharmaceutical, nutraceutical and personal-care applications.

What you get
✓︎PDF report with executive narrative, tables and charts
✓︎Excel workbook containing historical and forecast market data
✓︎Country-level market-size and growth dataset
✓︎Cardamom production, trade and price benchmark tables
✓︎Segment share and CAGR model
✓︎Competitor benchmarking and company-profile pack
✓︎Analyst briefing session for report purchasers
Out of scope
—Nutmeg and mace, including trade recorded under combined HS headings where cardamom cannot be isolated
—Fresh cardamom plants, seedlings and planting material
—Finished foods and beverages valued beyond the cardamom ingredient component
—Synthetic flavor compounds marketed solely as cardamom flavor
—Informal household production that does not enter commercial channels

Table of contents

1 Introduction
1.1 Study Scope and Objectives
1.2 Cardamom Market Definition
1.3 Inclusions, Exclusions and Currency Basis
2 Research Methodology
2.1 Secondary Research Program
2.2 Primary Interview Program
2.3 Market Sizing and Triangulation
2.4 Forecast Model and Scenario Design
3 Executive Summary
3.1 Market Size, CAGR and Regional Position
3.2 Key Report Takeaways
4 Cardamom Supply, Trade and Pricing
4.1 Production by Origin and Cardamom Type
4.2 International Export and Import Flows
4.3 Grade Structure, Auction Prices and Seasonality
5 Global Cardamom Market Trends and Growth Drivers
5.1 Growth Drivers
5.1.1 Expansion of Cardamom Beverages
5.1.2 Premiumization and Origin-Graded Pods
5.1.3 Natural Flavor and Extract Demand
5.2 Market Restraints
5.2.1 Climate and Yield Volatility
5.2.2 Residue and Microbiological Compliance
5.3 Porter's Five Forces Analysis
6 Global Cardamom Market Size and Forecast
6.1 Historical Market Value and Volume, 2021-2025
6.2 Market Forecast and Scenarios, 2026-2031
7 Cardamom Market by Type
7.1 Green or Small Cardamom
7.2 Black or Large Cardamom
7.3 Other Cardamom Varieties
8 Cardamom Market by Form and Application
8.1 Whole Pods and Seeds
8.2 Ground Cardamom
8.3 Oil, Oleoresin and Extracts
8.4 Food Applications
8.5 Beverage Applications
8.6 Pharmaceutical, Nutraceutical and Personal-Care Applications
9 Cardamom Market by Distribution Channel
9.1 Business-to-Business
9.2 Retail and E-commerce
10 Cardamom Market Regional Analysis
10.1 Asia-Pacific
10.1.1 India
10.1.2 Nepal
10.1.3 China
10.1.4 Japan
10.1.5 Australia
10.1.6 Rest of Asia-Pacific
10.2 Middle East and Africa
10.2.1 Saudi Arabia
10.2.2 United Arab Emirates
10.2.3 Kuwait
10.2.4 Egypt
10.2.5 Rest of Middle East and Africa
10.3 Europe
10.3.1 Germany
10.3.2 United Kingdom
10.3.3 Sweden
10.3.4 Netherlands
10.3.5 Rest of Europe
10.4 North America
10.4.1 United States
10.4.2 Canada
10.4.3 Mexico
10.5 Latin America
10.5.1 Guatemala
10.5.2 Brazil
10.5.3 Rest of Latin America
11 Cardamom Regulation, Quality and Sustainability
11.1 Product Identity and Quality Standards
11.2 Residues, Contaminants and Import Controls
11.3 Traceability, Organic and Sustainability Requirements
12 Cardamom Market Competitive Landscape
12.1 Market Concentration and Company Shares
12.2 Competitive Benchmarking
12.3 Company Profiles
12.3.1 ofi
12.3.2 McCormick & Company, Inc.
12.3.3 dsm-firmenich
12.3.4 Symrise AG
12.3.5 Döhler GmbH
12.3.6 Synthite Industries Ltd.
12.3.7 Plant Lipids Private Limited
12.3.8 Akay Natural Ingredients Private Limited
12.3.9 Everest Food Products Pvt. Ltd.
12.3.10 Badia Spices, Inc.
13 Cardamom Market Opportunities and Strategic Outlook
13.1 High-Growth Product and Application Opportunities
13.2 Investment Priorities by Stakeholder
13.3 Market Outlook to 2031
List of figures (20)
Global Cardamom Market Value, 2021-2031
Cardamom Market Share by Region, 2025
Indian Small and Large Cardamom Production, 2021-2025
Cardamom Origin-to-Destination Trade Flows
Small Cardamom Auction Price Index and Volatility
Cardamom Market Driver Impact Scores
Cardamom Market Restraint Impact Scores
Global Cardamom Market Value Forecast, 2021-2031
Cardamom Market Forecast by Scenario, 2026-2031
Cardamom Market Share by Type, 2025
Cardamom Market Share by Form, 2025
Cardamom Application Growth Comparison, 2025-2031
Cardamom Distribution Channel Share, 2025
Cardamom Market Share by Region, 2025
Cardamom Market CAGR by Region, 2025-2031
Leading Cardamom Country Markets by Value, 2025
Cardamom Compliance Priorities by Buyer Market
Estimated Global Cardamom Company Market Shares, 2025
Cardamom Competitor Positioning by Integration and Value Addition
Cardamom Opportunity Score by Segment
List of tables (47)
Global Cardamom Market Snapshot, 2021-2031
Leading Cardamom Segments and Forecast Growth Rates
Cardamom Market Strategic Takeaways by Stakeholder
Cardamom Production by Major Origin and Type, 2021-2025
Cardamom Export Value and Volume by Leading Origin
Cardamom Import Value and Volume by Leading Destination
Green Cardamom Grade, Capsule Size and Price Premium Matrix
Cardamom Supply Calendar by Producing Country
Cardamom Market Drivers by Impact, Geography and Horizon
Cardamom Market Restraints by Impact, Geography and Horizon
Cardamom Opportunity Attractiveness Matrix
Porter's Five Forces Assessment for the Cardamom Industry
Global Cardamom Market Value and Volume, 2021-2031
Cardamom Market Forecast by Type, 2021-2031
Cardamom Market Forecast by Form, 2021-2031
Cardamom Market Forecast by Application, 2021-2031
Cardamom Market Forecast by Distribution Channel, 2021-2031
Cardamom Market Forecast by Region, 2021-2031
Cardamom Market Value and Volume by Type, 2021-2031
Cardamom Market Value and Volume by Form, 2021-2031
Cardamom Market Value and Volume by Application, 2021-2031
Cardamom Market Value and Volume by Distribution Channel, 2021-2031
Cardamom Segment Share, CAGR and Absolute Growth Matrix
Asia-Pacific Cardamom Market by Country, 2021-2031
Middle East and Africa Cardamom Market by Country, 2021-2031
Europe Cardamom Market by Country, 2021-2031
North America Cardamom Market by Country, 2021-2031
Latin America Cardamom Market by Country, 2021-2031
Regional Cardamom Market Share, CAGR and Trade Dependence
Cardamom Product Standards by Regulatory Authority
Cardamom Import Compliance Requirements by Market
Cardamom Quality Parameters and Commercial Implications
Cardamom Sustainability and Certification Frameworks
Cardamom Competitive Benchmarking and Market Position
ofi Company Profile
McCormick & Company, Inc. Company Profile
dsm-firmenich Company Profile
Symrise AG Company Profile
Döhler GmbH Company Profile
Synthite Industries Ltd. Company Profile
Plant Lipids Private Limited Company Profile
Akay Natural Ingredients Private Limited Company Profile
Everest Food Products Pvt. Ltd. Company Profile
Badia Spices, Inc. Company Profile
Cardamom Investment Opportunities by Segment and Region
Cardamom Market Scenario Assumptions, 2026-2031
Strategic Priorities for Growers, Exporters, Processors and Brands

Cardamom Market Research Methodology and Data Sources

The study combines producer and processor mapping, customs and production statistics, auction and price monitoring, company disclosures, channel checks and structured primary interviews. Historical series were normalized to a common product scope before triangulation across supply, consumption and trade.

Market sizing

The bottom-up model aggregates commercial production, processor throughput, grade mix and realized prices by origin, then reconciles the result with apparent consumption and end-use demand in major importing countries. Oils, oleoresins and extracts are converted to a consistent raw-material and value basis without double counting.

Forecast basis

The forecast incorporates planted and yielding area, productivity, weather normalization, origin prices, beverage and food demand, channel expansion, processing mix and regulatory compliance. Central, high-growth and supply-constrained scenarios test alternative yield, pricing and adoption paths.

Validation

Every dataset is triangulated across at least two quantitative anchors and reviewed through expert interviews, internal consistency tests and senior analyst validation.

Primary research programme

Interviews validated commercial production entering organized channels, regional definitions of green and black cardamom, grade and origin price ladders, industrial extraction yields, application demand, channel margins and the timing of residue-control costs. They also established the split between whole pods, powders and extracts and the relative importance of food, beverage and retail demand.

By company tier
Top tier34%
Mid tier41%
Smaller players25%
By seniority
C-level / founders29%
Functional / unit leaders44%
Managers / specialists27%
By region
Americas27%
EMEA38%
Asia-Pacific35%
Participants interviewed
Cardamom growers and producer organizationsAuction participants and origin tradersExporters and importersCleaning, grading and sterilization processorsOleoresin, essential-oil and flavor manufacturersPackaged spice companiesFood and beverage manufacturersFoodservice and retail buyersTesting, certification and agronomy specialists
Secondary sources
Tier 1
Official government & intergovernmental statistics
Tier 2
Industry associations & regulators
Tier 3
Company filings & business press
National statistics offices, agriculture ministries and customs authoritiesSpices Board of India and producer-country commodity institutionsUN Comtrade and International Trade Centre trade databasesFAO agricultural and value-chain publicationsCompany annual reports, investor disclosures and corporate releasesFood-safety authorities, Codex Alimentarius and import regulations

Frequently asked questions

How large is the global cardamom market?

The global cardamom market was valued at USD 1.58 billion in 2025.

What is the forecast value of the cardamom market in 2031?

The market will reach USD 2.31 billion by 2031, representing an absolute increase of USD 730 million from 2025.

What is the cardamom market CAGR?

Global cardamom revenue will expand at a 6.55% CAGR from 2025 to 2031.

Which region has the largest cardamom market?

Asia-Pacific led with 38.6% of global market value in 2025, supported by India's production, domestic consumption and spice-processing base.

Which region is growing fastest?

Middle East and Africa is forecast to grow fastest at a 7.42% CAGR through 2031, led by Saudi Arabia and the United Arab Emirates.

Which cardamom type dominates the market?

Green or small cardamom accounted for 67.8% of market value in 2025 because of its broad use in beverages, desserts, savory foods and premium whole-pod retail.

Which cardamom application is growing fastest?

Beverages will grow fastest at a 7.84% CAGR as cardamom expands in specialty coffee, chai, ready-to-drink tea, dairy and plant-based beverages.

Who are the leading cardamom market participants?

Leading participants include ofi, McCormick & Company, dsm-firmenich, Symrise, Döhler, Synthite Industries, Plant Lipids, Akay Natural Ingredients, Everest and Badia Spices.

What products are included in the cardamom market?

The market includes green and black cardamom, other commercial varieties, whole pods, seeds, powders, oils, oleoresins and extracts sold into food, beverage, retail, pharmaceutical, nutraceutical and personal-care applications.

Why do whole cardamom pods command most market value?

Whole pods retain aroma, permit visible grading by size and color and provide buyers with stronger authenticity cues. They represented 70.6% of 2025 market value.

What creates the price premium for green cardamom?

Premiums are driven by capsule size, green color, moisture control, volatile-oil intensity, low defect levels, residue compliance and consistency across lots.

What is the principal supply risk for cardamom buyers?

Climate-sensitive production concentrated in a limited number of origin regions creates the largest supply risk. Rainfall, heat, irrigation availability, disease and post-harvest quality can rapidly affect export-grade availability and prices.

Have a question about this report?

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IR
Isabella Romano
Lead Food & Beverage Analyst, shev.io Research
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