Green Cardamom Market Size, Share & Trend Analysis Report By Product (Small, Large), By Nature (Organic, Conventional), By End-use (Food Service, Retail), By Region, And Segment Forecasts, 2024 - 2030

Green Cardamom Market Size & Trends

The global green cardamom market size was estimated at USD 841.1 million in 2023 and is projected to grow at a CAGR of 5.5% from 2024 to 2030. The market growth is primarily driven by increasing consumer demand for natural and organic products, as well as the expanding popularity of ethnic and exotic flavors in global cuisine. The rise of e-commerce has made green cardamom more accessible to a wider audience, further boosting its demand. In addition, government support in key producing countries like India and Guatemala has enhanced cultivation practices, ensuring a steady supply and contributing to market expansion.

As awareness of health and wellness continues to rise, people are increasingly seeking products that are free from artificial additives and chemicals. Green cardamom, being a natural spice, aligns with this trend. Consumers are drawn to its perceived purity and the numerous health benefits associated with it, such as its digestive and antioxidant properties. This demand is particularly strong in regions where organic products are highly valued, such as North America and Europe.

The globalization of food culture has led to an increased interest in ethnic and exotic flavors, with green cardamom gaining popularity as a result. Originally a staple in Indian, Middle Eastern, and Scandinavian cuisines, green cardamom is now being embraced in Western markets for its unique flavor profile. The spice is used in a variety of culinary applications, from traditional dishes like Indian biryani and Middle Eastern coffee to innovative products such as spiced lattes and gourmet chocolates. Western food companies are capitalizing on this trend by introducing products that feature green cardamom as a key ingredient, catering to consumers' adventurous palates. This growing popularity of ethnic flavors has expanded the market reach of green cardamom, making it a sought-after spice in both retail and food service sectors.

Government support and initiatives in key cardamom-producing countries, such as India and Guatemala, have significantly contributed to the market growth. In India, the Spices Board (Ministry of Commerce and Industry, Government of India) serves as the flagship organization for the development and global promotion of Indian spices, including green cardamom. The Spices Board implements various programs to support farmers and improve cultivation practices, such as providing subsidies for irrigation, conducting training programs, and investing in research to develop higher-yielding and disease-resistant crop varieties. These efforts have increased the productivity and quality of green cardamom, making it more competitive in the global market.

Product Insights

The small segment led the market with the largest revenue share of 61.64% in 2023. Small green cardamom is highly valued for its intense flavor and aromatic properties, making it a preferred choice in culinary applications worldwide. Its unique taste is essential in various traditional dishes, desserts, and beverages, particularly in South Asian and Middle Eastern cuisines. As global cuisine trends embrace these flavors, the demand for small green cardamom has grown significantly.

The large segment is projected to grow at the fastest CAGR of 8.9% from 2024 to 2030 driven by the rising consumer demand for small and natural products, driven by health and environmental concerns. Health-conscious consumers are increasingly seeking small alternatives to avoid synthetic pesticides and chemicals, and small green cardamoms meet this need. Brands such as Lakanto and NOW Foods offer small green cardamoms, catering to consumers who prioritize small certifications. Regulatory support and certifications for small products further boost consumer trust and market adoption, driving significant growth in this segment.

Nature Insights

Based on nature, the conventional segment led the market with the largest revenue share of 84.55% in 2023. The market share of conventional green cardamom is supported by several factors, including its well-established production and supply chain, which ensures a steady and cost-effective supply. Conventional farming methods typically involve lower production costs compared to organic practices, allowing for competitive pricing. The broad market acceptance and extensive use of conventional green cardamom across various industries, such as food and beverages, contribute to its consistent demand.

The organic segment is projected to grow at the fastest CAGR of 6.8% from 2024 to 2030. The growth in demand for organic green cardamom is driven by increasing consumer preference for natural and sustainably sourced products, as well as heightened awareness of environmental and health concerns. Organic green cardamom appeals to health-conscious consumers seeking products free from synthetic chemicals and pesticides, aligning with broader trends toward organic and clean-label foods. Its perceived health benefits, combined with its appeal in premium and artisanal markets, further boost demand.

End-use Insights

Based on end use, the retail segment led the market with the largest revenue share of 75.15% in 2023. The growth of green cardamom in the retail sector is significantly driven by increasing consumer interest in premium and exotic spices, the expanding trend of cooking at home, and the rising demand for health-conscious ingredients. Retailers are capitalizing on the popularity of gourmet cooking and global cuisines by offering green cardamom as a high-quality, versatile ingredient in both whole and ground forms.

The food service segment is anticipated to grow at the fastest CAGR of 7.2% from 2024 to 2030. The growth of green cardamom in the food service industry is driven by its ability to enhance flavor profiles and differentiate menu offerings, coupled with the increasing trend of incorporating exotic and premium ingredients in restaurant dishes. Chefs and food service providers use green cardamom to add a distinctive, aromatic quality to a range of dishes, from savory entrees to desserts and beverages, appealing to diners seeking unique and upscale dining experiences. For instance, high-end restaurants and specialty cafes use green cardamom to elevate traditional dishes like biryani or to create signature drinks such as spiced lattes and cocktails.

Regional Insights

The green cardamom market in North America is projected to grow at the fastest CAGR of 5.7% from 2024 to 2030. North American consumers are increasingly exploring diverse and exotic cuisines, leading to a higher demand for spices like green cardamom. This trend is evident in the popularity of ethnic foods in restaurants and grocery stores, where green cardamom is used to enhance the flavor of dishes such as Indian curries, Middle Eastern stews, and Scandinavian baked goods.

U.S. Green Cardamom Market Trends

The green cardamom market in the U.S. is projected to grow at the fastest CAGR of 6.1% from 2024 to 2030. The market is mainly driven by rising demand in the food and beverage sector, particularly in specialty and ethnic cuisines, as well as the natural and organic food market. The spice's popularity is bolstered by increasing consumer awareness of its health benefits, such as aiding digestion and reducing inflammation, and its use in wellness products and specialty beverages like chai lattes and craft cocktails. The growing ethnic population from regions where cardamom is a staple, along with the expansion of the gourmet food market and a focus on sustainability and ethical sourcing, are further contributing to its demand.

Europe Green Cardamom Market Trends

The green cardamom market in Europe is projected to grow at a significant CAGR of 6.6% from 2024 to 2030. The European green cardamom industry is witnessing growth driven by the increasing popularity of ethnic cuisines, particularly Indian, Middle Eastern, and Scandinavian, where cardamom is a key ingredient. The spice's rising use in gourmet cooking and specialty beverages, such as chai and spiced lattes, reflects a growing consumer interest in exotic flavors. Germany, UK, Netherlands, Sweden, France, and Finland stand out as the most promising European markets for green cardamom exporters from developing countries. These nations feature high import volumes, well-established spices and herbs markets, and a growing demand for cardamom driven by expanding ethnic cuisines and traditional recipes.

Asia Pacific Green Cardamom Market Trends

Asia Pacific dominated the green cardamom market with a market revenue share of 54.95% in 2023. The Asia Pacific green cardamom industry is driven by its deep cultural and culinary significance, particularly in South Asia, where it is a staple in traditional dishes, desserts, and beverages like masala chai and biryani. Growing health awareness in the region is also boosting demand, as consumers increasingly value cardamom for its digestive and antioxidant properties, leading to its incorporation into Ayurvedic medicines and herbal supplements.

Key Green Cardamom Company Insights

The market is characterized by intense competition driven by factors such as product quality, pricing strategies, and supply chain efficiencies. The market is dominated by a few large producers who control significant portions of production and distribution, but smaller regional players also play a vital role, particularly in niche and local markets. Innovation in product offerings, such as organic or sustainably sourced cardamom, has become a key differentiator, appealing to environmentally-conscious consumers.

Recent Developments

• Fedecovera's Organic Green Cardamom: At the Anuga trade fair, Fedecovera, a leading Guatemalan cooperative, showcased its organic green cardamom products. Fedecovera has been certified organic since 2006 and continues to emphasize sustainability and high quality in its offerings

Green Cardamom Market Report Scope

Global Green Cardamom Market Report Segmentation

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global green cardamom market report based on product, end-use, nature, and region: 

• Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • Small

  • Large

• End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • Food Service

  • Retail

    • Hypermarkets/Supermarkets

    • Convenience Stores

    • Online

    • Others

• Nature Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • Organic

  • Conventional

• Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

    • Netherlands

    • Sweden

    • Finland

  • Asia Pacific

    • China

    • India

    • Japan

    • Australia

    • South Korea

  • Central & South America

    • Brazil

  • Middle East & Africa

    • South Africa