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Global Cardamom Extract Market by Type (Green Cardamom, Black Cardamom), By Application (Food And Beverages, Medicinal And Cosmetics, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: PH-456
  • Author: Up Market Research
  • Rating: 5.0
  • Total Reviews: 65
  • No. Of Pages: 243
  • Format:
  • Pub. Date: 2021-03-01
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The Cardamom Extract Market Size is forecast to grow at a CAGR of 3.2% from 2021-2028, with the market expected to reach USD 1.87 billion in 2028. The green cardamom segment is estimated to be dominant in terms of both revenue generation and volume share by 2028. The Asia Pacific is projected to witness a significant growth rate over the forecast period owing to its increasing population base and improving economic conditions.


Cardamom extract is the essential oil derived from cardamom seeds. The green and black varieties of this spice are sometimes used for culinary purposes, as well as in herbal medicine and cosmetics. Cardamom extracts can also be found in food products such as cereals, biscuits, cakes, ice creams, and chewing gums.


On the basis of Types, the market is segmented into green cardamom, black cardamom.


Green Cardamom:

Green cardamom is a variation of the species Elettaria cardamomum. It has an intense, slightly smoky flavor and aroma, with a peppery or citrus-like undertone that complements sweet flavors such as cinnamon and sugar in baking applications.


Black Cardamom:

Cardamom is a plant that grows in the tropics. It has a seed pod, from which cardamom powder and oil are extracted. Black cardamoms are grown on plants with black pods, while green cardamoms have light-colored pods. Cardamoms typically grow best at high altitudes such as India or Nepal. The two types of cardamon can be found in stores across North America, Europe, Asia Pacific (APAC), Africa, and Latin America.


On the basis of Application, the market is segmented into Food and Beverages, Medicinal, and Cosmetics.


Food & Beverages:

Cardamom extract is used in food and beverages for its aromatic flavor. It can be found in various food items like curry, coffee, soda drinks, tea, etc. Cardamom extract delivers a refreshing aroma to the dish or drinks it has been added to.



Cardamom extract is used in medicinal applications due to its antibacterial, antioxidant, and anti-inflammatory properties. Medicinal products that may contain cardamom extracts include multivitamins, analgesics, and toothpaste.



The use of cardamom extract in cosmetics is on the rise. This trend can be attributed to its antioxidant and skin-friendly properties, which help protect human skin against harmful UV rays from the sun. It also has anti-inflammatory effects that calm redness, irritation, and promote healing for sensitive skin types while giving an overall natural glow to your complexion. Furthermore, it helps reduce excessive oil production with its astringent effect, soothes insect bites and other burns, as well as repels mosquitoes.


On the basis of Region, the market is segmented into North America, Asia Pacific, Latin America, and Europe. In the North American region, the use of cardamom extract is high in the food & beverages application segment. This usage can be attributed to its flavoring properties that give a wonderful taste to various dishes such as Indian curries or other Asian cuisines.

In Europe, the market is driven by a number of players in cardamom extract manufacturing who have been following an aggressive marketing strategy to expand their business globally. France leads with 29% share followed closely by Germany at 27%.

The Middle East & Africa has high usage rates for cardamom extracts as well which can be primarily attributed to its medicinal or cosmetics application segment where it finds applications as skincare ingredients due to its anti-inflammatory properties that reduce redness, irritation and promote healing for sensitive skin types while giving an aesthetically pleasing feeling.


Growth Factors For The Global Cardamom Extract Market:

The cardamom extract market is driven by a number of factors, starting from the growing inclination towards health and wellness to an increase in disposable income. The rising demand for spices has also contributed significantly to the growth of this market. Moreover, with people becoming more aware of various flavors available on food ingredients as well as medicinal purposes, there has been rapid adoption of spice usage across age groups which is boosting up the global cardamom extract industry. Apart from these key drivers, other ones include population growth and changing lifestyles that have led to higher consumption rates for spices such as cumin seeds and coriander powder among others globally. Some regional markets like Brazil & Argentina offer significant opportunities owing to high adoption levels even though they hold low shares overall.


Up Market Research published a new report titled “Cardamom Extract Market research report which is segmented by Types (Green Cardamom, Black Cardamom), By Applications (Food And Beverages, Medicinal And Cosmetics, Others), By Players/Companies Mountain Rose Herbs, Do TERRA Holdings, Keya Foods International, Nelixia, Monterey Bay Spice”.


Report Scope

Report Attributes Report Details
Report Title Cardamom Extract Market Research Report
By Type Green Cardamom, Black Cardamom
By Application Food And Beverages, Medicinal And Cosmetics, Others
By Companies Mountain Rose Herbs, Do TERRA Holdings, Keya Foods International, Nelixia, Monterey Bay Spice
Regions Covered North America, Europe, APAC, Latin America, MEA
Base Year 2020
Historical Year 2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year 2028
Number of Pages 243
Number of Tables & Figures 171
Customization Available Yes, the report can be customized as per your need.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Cardamom Extract Industry Outlook

Global Cardamom Extract Market Report Segments:

The market is segmented by Type Green Cardamom, Black Cardamom and By Application Food And Beverages, Medicinal And Cosmetics, Others.


Some of the companies that are profiled in this report are:

  1. Mountain Rose Herbs
  2. Do TERRA Holdings
  3. Keya Foods International
  4. Nelixia
  5. Monterey Bay Spice

Cardamom Extract Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.


Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Cardamom Extract Market

Overview of the regional outlook of the Cardamom Extract Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Cardamom Extract Market Overview

Highlights of The Cardamom Extract Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Cardamom Extract Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
  6. By Type:

                1. Green Cardamom

                2. Black Cardamom

       7. By Application:

                1. Food And Beverages

                2. Medicinal And Cosmetics

                3. Others

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Cardamom Extract Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.


How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Cardamom Extract Market Statistics

Reasons to Purchase the Cardamom Extract Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cardamom Extract Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Cardamom Extract Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Cardamom Extract Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Cardamom Extract Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Cardamom Extract Market Size & Forecast, 2018-2028 
      4.5.1 Cardamom Extract Market Size and Y-o-Y Growth 
      4.5.2 Cardamom Extract Market Absolute $ Opportunity 

Chapter 5 Global Cardamom Extract Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2 Cardamom Extract Market Size Forecast by Type
      5.2.1 Green Cardamom
      5.2.2 Black Cardamom
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global Cardamom Extract Market Analysis and Forecast by Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Applications
      6.1.2 Basis Point Share (BPS) Analysis by Applications
      6.1.3 Absolute $ Opportunity Assessment by Applications
   6.2 Cardamom Extract Market Size Forecast by Applications
      6.2.1 Food And Beverages
      6.2.2 Medicinal And Cosmetics
      6.2.3 Others
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Cardamom Extract Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Cardamom Extract Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Cardamom Extract Analysis and Forecast
   9.1 Introduction
   9.2 North America Cardamom Extract Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Cardamom Extract Market Size Forecast by Type
      9.6.1 Green Cardamom
      9.6.2 Black Cardamom
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America Cardamom Extract Market Size Forecast by Applications
      9.10.1 Food And Beverages
      9.10.2 Medicinal And Cosmetics
      9.10.3 Others
   9.11 Basis Point Share (BPS) Analysis by Applications 
   9.12 Absolute $ Opportunity Assessment by Applications 
   9.13 Market Attractiveness Analysis by Applications

Chapter 10 Europe Cardamom Extract Analysis and Forecast
   10.1 Introduction
   10.2 Europe Cardamom Extract Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Cardamom Extract Market Size Forecast by Type
      10.6.1 Green Cardamom
      10.6.2 Black Cardamom
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe Cardamom Extract Market Size Forecast by Applications
      10.10.1 Food And Beverages
      10.10.2 Medicinal And Cosmetics
      10.10.3 Others
   10.11 Basis Point Share (BPS) Analysis by Applications 
   10.12 Absolute $ Opportunity Assessment by Applications 
   10.13 Market Attractiveness Analysis by Applications

Chapter 11 Asia Pacific Cardamom Extract Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Cardamom Extract Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Cardamom Extract Market Size Forecast by Type
      11.6.1 Green Cardamom
      11.6.2 Black Cardamom
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific Cardamom Extract Market Size Forecast by Applications
      11.10.1 Food And Beverages
      11.10.2 Medicinal And Cosmetics
      11.10.3 Others
   11.11 Basis Point Share (BPS) Analysis by Applications 
   11.12 Absolute $ Opportunity Assessment by Applications 
   11.13 Market Attractiveness Analysis by Applications

Chapter 12 Latin America Cardamom Extract Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Cardamom Extract Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Cardamom Extract Market Size Forecast by Type
      12.6.1 Green Cardamom
      12.6.2 Black Cardamom
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America Cardamom Extract Market Size Forecast by Applications
      12.10.1 Food And Beverages
      12.10.2 Medicinal And Cosmetics
      12.10.3 Others
   12.11 Basis Point Share (BPS) Analysis by Applications 
   12.12 Absolute $ Opportunity Assessment by Applications 
   12.13 Market Attractiveness Analysis by Applications

Chapter 13 Middle East & Africa (MEA) Cardamom Extract Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Cardamom Extract Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Cardamom Extract Market Size Forecast by Type
      13.6.1 Green Cardamom
      13.6.2 Black Cardamom
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA) Cardamom Extract Market Size Forecast by Applications
      13.10.1 Food And Beverages
      13.10.2 Medicinal And Cosmetics
      13.10.3 Others
   13.11 Basis Point Share (BPS) Analysis by Applications 
   13.12 Absolute $ Opportunity Assessment by Applications 
   13.13 Market Attractiveness Analysis by Applications

Chapter 14 Competition Landscape 
   14.1 Cardamom Extract Market: Competitive Dashboard
   14.2 Global Cardamom Extract Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Mountain Rose Herbs
      14.3.2 Do TERRA Holdings
      14.3.3 Keya Foods International
      14.3.4 Nelixia
      14.3.5 Monterey Bay Spice
Segments Covered in the Report
The global Cardamom Extract market has been segmented based on

By Types
  • Green Cardamom
  • Black Cardamom
By Applications
  • Food And Beverages
  • Medicinal And Cosmetics
  • Others
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Mountain Rose Herbs
  • Do TERRA Holdings
  • Keya Foods International
  • Nelixia
  • Monterey Bay Spice

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