Cardamom Extract Market Revenue was valued at USD 703.2 Million in 2024 and is estimated to reach USD 1.02 Billion by 2033, growing at a CAGR of 5.2% from 2026 to 2033.
In 2022, the global cardamom extract market was valued at approximately USD 0.90 billion and is projected to reach USD 1.50 billion by 2030, reflecting a compound annual growth rate (CAGR) of 6.5% from 2024 to 2030. Regionally, Asia Pacific dominated the market, contributing 40% of the global revenue, driven by high production and consumption in countries like India and Sri Lanka. North America accounted for 25% of the market share, with increasing demand for natural flavoring agents and health supplements. Europe held an 18% share, attributed to the rising popularity of exotic spices in culinary applications. Latin America and the Middle East & Africa contributed 8% and 9% respectively, reflecting growing awareness and adoption of cardamom extract in these regions.The markets growth is fueled by the increasing consumer preference for natural and organic products across various industries, including food and beverages, pharmaceuticals, and cosmetics. In the food sector, cardamom extract is widely used as a flavor enhancer in products such as teas, coffees, and desserts. The pharmaceutical industry leverages its medicinal properties, including digestive and anti inflammatory benefits, while the cosmetics sector incorporates it for its antioxidant and antimicrobial attributes. Emerging markets in Asia Pacific and Latin America present significant opportunities due to rising disposable incomes and changing consumer preferences towards health and wellness products.
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Mountain Rose Herbs
Do TERRA Holdings
Keya Foods International
Nelixia
Monterey Bay Spice
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Cardamom Extract Market
Liquid Cardamom Extract
Powdered Cardamom Extract
Food and Beverages
Pharmaceuticals
Cosmetics and Personal Care
Food Processing Industry
Pharmaceutical Industry
Cosmetics Industry
Essential Oil Industry
Direct Sales
Online Retailers
Supermarkets/Hypermarkets
Specialty Stores
Liquid Form
Powder Form
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Cardamom Extract Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Cardamom Extract Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Cardamom Extract Market, By Type
6. Global Cardamom Extract Market, By Application
7. Global Cardamom Extract Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Cardamom Extract Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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