According to Goldstein Research, global cardamom market is expected to reach USD87.21 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 beend one on the basis of types, products, application and geography. Cardamom used as an ingredient acquired the major market share in 2016. It is majorly used as an ingredient in health supplements such as tea bags. Global cardamom market had largest share in Asia-Pacific, held 40% in 2016, majorly exported from Guatemala and India. North America cardamom market is growing significantly in terms of consumption of cardamom.
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 (%)}

“Global Cardamom Industry Analysis”contains detailed overview of the globalcardamom market.On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by types, products and application.
Further, for the in-depth analysis, 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 asCardex, 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 trends 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.
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