Global Cardamom Market Worth $ 87.21% Billion by 2024

Posted March 26, 2020 by Steveblade

According to Goldstein Research, global cardamom market is expected to reach USD 87.21 billion by the end of 2024
According to Goldstein Research, global cardamom market is expected to reach USD 87.21 billion by the end of 2024 from USD 67.4 billion in 2016, growing at a CAGR of 2.50%. Cardamom application in spices and more significantly in health supplements is majorly driving the growth of cardamom market. Global cardamom market segmentation has been done on the basis of types, products, application and geography. Cardamom used as an ingredient acquired the strong market share in 2016. It major application is as an ingredient in health supplements such as tea bags.

Global cardamom industry had largest share in Asia-Pacific, held 40% in 2016, majorly exported from Guatemala and India. Saudi Arabia is the largest importer of cardamom due to flavored drinks like concoction which is very popular in Middle East region such as Kuwait, Saudi Arabia and UAE etc. North America cardamom market is growing significantly in terms of consumption of cardamom.

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Market Segmentation
On the basis of our in-depth analysis, Global Cardamom Market can be segmented as follows:

On the basis of types
o Elettaria (green cardamom)
o Amomum (black cardamom)
On the basis of products
o Ingredient
o Powder
o Liquid extract
On the basis of application
o Food and beverage
o Pharmaceuticals
o Cardamom oil
o Others
On the basis of region
o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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“Global Cardamom Market Outlook 2024” by Goldstein Research contains detailed overview of the global cardamom market in terms of market segmentation by types, products and application.

Further, Global Cardamom Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Cardex, MAS Enterprises, DS Group, McCormick & Company (MKC), Everest Spice, IMEXA, Kautilya Commodities, N C Bhojraj & Company (NCBC), ROYAL SPICES, South Indian Green Cardamom Company (SIGCC), etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global cardamom market size along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our market research industry reports provide in-depth analysis of global and regional variations along with competitors’ overview.

Our analysts working on food and beverages industry analysis reports to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

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[email protected]
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Categories Food
Tags cardamom market , cardamom market size , cardamom market trends
Last Updated March 26, 2020