PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1944456
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1944456
Green Cardamom Market size was valued at US$ 901.01 Million in 2024, expanding at a CAGR of 5.40% from 2025 to 2032.
The green cardamom market includes farming, processing, trading, and retail sales of green cardamom (Elettaria cardamomum) in common formats such as whole pods, seeds, and ground powder, supplied to spice blenders, food manufacturers, restaurants, and household buyers. Green cardamom is considered a premium spice because of its strong aroma and flavor, and it is widely used in tea and coffee mixes, desserts, bakery products, confectionery, and savory spice blends, especially in South Asian and Middle Eastern cuisines. Demand is also supported by traditional wellness uses, where cardamom is often linked with digestive and oral-care benefits, which creates additional use in nutraceutical-style products and some personal care items.
The market is shaped heavily by supply concentration and price movement because production depends on specific growing conditions and is sensitive to climate variation, pests, and labor availability. Major supply comes from a limited set of origins, especially India and Guatemala, which makes availability and pricing more volatile compared with many other spices. For bulk buyers and branded companies, sourcing decisions depend on consistent grade, moisture levels, oil content, and food safety requirements, since quality differences can affect taste and shelf life. The market is also influenced by packaged food growth, premiumization in beverages and desserts, and e-commerce, which makes higher-grade cardamom more accessible to small businesses and consumers. At the same time, issues such as adulteration risk and the need for traceability increase the importance of testing, certification, and reliable supplier relationships in procurement.
Green Cardamom Market- Market Dynamics
Global Beverage and Spice-Blend Demand Is Keeping Cardamom Trade Active
A major driver for the green cardamom market is steady demand from tea/coffee culture and ethnic cuisine growth, since cardamom is a key ingredient in many beverage mixes, desserts, and spice blends sold in both retail and foodservice channels. Export and trade statistics show that demand stays international and does not depend on one country alone. According to the Spices Board India, India exported over 6,000 metric tons of cardamom (small) in FY2023-24, which indicates sustained overseas buying even under price and crop variability. Trade visibility is also strong in customs-based datasets: According to the Observatory of Economic Complexity (OEC), based on official 2023 customs statistics, global cardamom trade value is in the hundreds of millions of USD, with consistent import demand from markets where cardamom is used daily in coffee, tea, and traditional foods. These signals support the business case for stable procurement and quality-focused sourcing, because demand is spread across multiple end uses, making the category less exposed to demand drops from any single segment.
Industrial procurement plays a big role in green cardamom because large volumes are traded through processors and exporters supplying food and beverage manufacturers that need consistent grading and documentation. Export data from producing origins shows that this pipeline remains active. According to the Spices Board India, exports of small cardamom from India crossed 6,000+ metric tons in FY2023-24, which indicates steady bulk buying linked with international demand for spice blends and beverage applications. On the demand side, import activity in key consumption regions is visible in customs reporting. According to UN Comtrade (2023 reported customs data), several Middle East and European markets continued to record sizeable import values under HS lines that include cardamom, showing that cross-border B2B supply chains remain a core route for moving cardamom into industrial processing and distribution.
Retail purchasing is also changing because online commerce is making premium spices easier to access, especially in markets where consumers look for stronger aroma, specific origins, or convenience packs. Online growth matters in this category because it supports branded, packaged pods and powders and encourages repeat purchase through delivery and subscriptions. According to the U.S. Census Bureau (E-commerce Retail Sales, 2023), U.S. e-commerce sales exceeded USD 1.1 trillion in 2023, reflecting the scale of online buying that supports growth for shelf-stable pantry products, including spices. This shift increases the importance of clear labeling, pack sizes designed for home use, and quality assurance messaging, since online buyers rely heavily on product descriptions, certifications, and reviews when choosing premium spices like green cardamom.
Green Cardamom Market- Geographical Insights
The green cardamom market is highly trade-driven because supply is concentrated in a limited number of producing origins, while demand is spread across Asia, the Middle East, and premium consumer markets in Europe and North America. Export data from major origins shows consistent cross-border movement. According to the Spices Board India, India exported 6,000+ metric tons of small cardamom in FY2023-24, showing continued international buying and an active exporter network that supplies importing regions where cardamom is used in coffee, tea, desserts, and spice blends. Import activity remains visible in official customs datasets. According to UN Comtrade (2023 reported customs data), several Middle East and European countries recorded sizeable import flows under HS categories that include cardamom, supporting the view that demand remains stable in traditional consumption markets. Consumer channels also support distribution growth for premium spices, especially online; According to the U.S. Census Bureau (2023 e-commerce retail sales reporting), U.S. e-commerce sales were above USD 1.1 trillion in 2023, which supports wider access to packaged pods and ground cardamom through digital platforms.
India Green Cardamom Market- Country Insights
India is the strongest country to track because it is a key origin for small cardamom and often influences quality benchmarks and price direction for premium grades. Export performance confirms this role. According to the Spices Board India, small cardamom exports from India were above 6,000 metric tons in FY2023-24, showing that Indian supply continues to reach international buyers even when crop conditions and prices change. India also benefits from established trade systems and a wide base of processors and exporters, which helps buyers source different grades and maintain supply continuity. For procurement teams, the country's importance comes from quality differentiation, supplier depth, and the ability to source through organized trade routes that support documentation and food safety requirements.
Competition in green cardamom includes global spice brand owners, large sourcing and trading companies, and regional packaged-spice leaders, with differentiation mainly based on sourcing reliability, quality control, and distribution reach. McCormick & Company, Incorporated and Fuchs Gruppe GmbH & Co. KG are usually linked with strong branded spice portfolios and retail penetration; Olam Group Limited is commonly associated with origin sourcing scale and export-oriented supply chains; Everest Food Products Pvt. Ltd., MDH Spices (Mahashian Di Hatti Ltd.), ITC Limited, Eastern Condiments Pvt. Ltd., and DS Group (Dharampal Satyapal Group) are known for wide spice product lines and strong presence in South Asian markets where cardamom is a premium staple. Synthite Industries Ltd. and AVT Natural Products Limited are often referenced for processing capabilities and B2B supply to food manufacturers. Badia Spices, Inc., Frontier Co-op, Simply Organic, The Spice House, LLC, and Bart Ingredients Co. Ltd. tend to compete through consumer-ready packs, premium positioning, and growing online visibility. Competitive strength in this market typically comes from access to producing regions, strong testing and compliance systems, and packaging that preserves aroma and reduces quality loss during storage and shipping.
In February 2025, an international team of researchers studying plant taxonomy and biodiversity reported the identification of six species closely related to Elettaria cardamomum (green cardamom), including two newly described Elettaria species from Kerala's Western Ghats-Elettaria facifera found in the Periyar Tiger Reserve (Idukki) and Elettaria tulipifera reported from the Agasthyamalai hills and Munnar-highlighting new scientific detail on cardamom-linked genetic diversity and the growing importance of origin research for future breeding and resilience programs.
In 2024, Emperor Akbar Cardamom, a green cardamom brand and seller, highlighted the announcement of a new cardamom variety called ICRI-10 from India's Indian Cardamom Research Institute (ICRI) under the Spices Board of India, describing it as a climate-resilient line developed over 10 years and positioned to address drought-related production risk after 2024 drought conditions in Idukki that led to crop losses across 16,000+ hectares, with the variety promoted for yield potential up to 3,000 kg per hectare and limited seed distribution planned for the next crop cycle.
In August 2024, the Indian Council of Agricultural Research - Indian Institute of Spices Research (ICAR-IISR), a government agricultural research institute, announced the release of two moisture-stress-tolerant cardamom varieties, IISR Manushree and IISR Kaveri, approved through the Central Sub-Committee on Crop Standards and released among 109 crop varieties introduced to farmers; the institute stated IISR Manushree delivers about 550 kg dry capsules per hectare under irrigated conditions, while IISR Kaveri delivers about 482 kg per hectare under irrigated conditions and about 308 kg per hectare under moisture-stress conditions, with around 70% of capsules above 8 mm, aligning with premium market demand for bold, green capsules.