Cardamom Market : Introduction

A precious spice called cardamom is made from the seeds of a perennial plant (Elettaria cardamomum). One of the most legendary ancient spices is cardamom. Because of its flavour and scent, it is sometimes referred to as the "Queen of spices." The origin and diversity of cardamom are concentrated in the Malabar Western Ghats woods. Cardamom has specific qualities. The liquid is colourless to pale yellow and has a warming, sweet-spicy aroma with a woody-balsamic undertone. It pairs well with oriental scents in general, including rose, olibanum, orange, bergamot, cinnamon, cloves, caraway, ylang-labdanum, and cedarwood. It also works well with rose, olibanum, and rosebud. The uses for cardamom are numerous. It is used as a medicine to cure several illnesses as well as to improve the flavour of food.

Overview

Oil and powder are two product-form-based market sectors for cardamom extract. The oil segment, which makes up the majority of both, is anticipated to rise within the anticipated time frame. In the food sector, cardamom extract is frequently used as a flavouring ingredient. Cardamom extract has a long history of use in the bread and confectionery industries and is anticipated to drive market growth throughout the anticipated time frame.

Green cardamom and black cardamom are two product-specific market categories for cardamom extract. The green cardamom sector dominates both and is anticipated to develop within the anticipated time frame.

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Segmentation Analysis of Global   Cardamom Market

Based on type

Ingredients
Powder
Liquid Extract

Based on application

Online Retail
Offline Retail

Competitive Landscape

Cardex
DS Group
MAS Enterprises
McCormick & Company (MKC)

Major questions answered in this report

• What is the driving factor for the growth of the Cardamom market?
• How will the COVID-19 pandemic impact the demand and consumption of the Cardamom market?
• What is the major application area of the Cardamom market?
• Who are the Cardamom manufacturers across the globe?
• Which geographical location is dominant in the Cardamom market?
• Which are the top industry players in the Cardamom market?

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Key takeaways from the report

Cardamom Market is estimated to reach USD 49362.19 million by 2027, growing at a CAGR of 4 % between 2019 and 2027 

The effect of COVID-19

As a result of the advent of cutting-edge medical treatments and rising internet usage, healthcare companies are currently operating in a dynamic environment that is undergoing seismic shifts. This has smart patients being more cautious, along with unmatched online access to astonishing amounts of knowledge. As a result, there is a growing need for intelligent, reasonably priced, and customised healthcare services. The COVID-19 epidemic has also increased demand for healthcare and related goods and services, boosting the performance of the healthcare sector as a whole.

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