Cardamom Market by Product, Application, and Geography - Forecast and Analysis 2023-2027

Published: Jul 2023 Pages: 167 SKU: IRTNTR41444

Cardamom Market  Report 2023-2027:

The cardamom market size is projected to increase by USD 185.83 million and the market size is estimated to grow at a CAGR of 3.12% between 2022 and 2027.

This cardamom market report extensively covers market segmentation by product (ingredients, powder, and liquid extract), application (food and beverages, medical usage, and others), and geography (APAC, Europe, Middle East and Africa, North America, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. 

The increasing use of cardamom in developing countries is driving market growth. Steady economic growth and development, especially in APAC; MEA; and Latin American regions, have resulted that consumers are getting higher disposable income. India, Saudi Arabia, China, Brazil, Argentina, Indonesia, Hungary, Nigeria, Iran, and Turkey are the forerunners when it comes to the rising disposable incomes of consumers. Increased revenue generation for the cardamom industry has been achieved in these regions due to the increasing purchasing power of Middle-Income Consumers. There has also been an increase in purchasing power of consumers as a result of rising disposable income. The substantial rise in consumer expenditure in the two most populous countries of the world is a positive sign for the growth of the global cardamom market during the forecast period.

Cardamom Market: Overview

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Trends 

The growing emphasis on packaging innovations is a vital trend in the cardamom market. Innovative packaging is being used by vendors active in the global cardamom market to cope with competition. Besides attracting consumers, innovative packaging helps in increasing the shelf life of products and makes them more durable. It retains the freshness of packaged food products, prevents discoloration, and provides microbial control.

However, with a rise in technological advances in packaging, companies are increasingly focusing on innovative packaging technologies. Increased demand for innovative packaging solutions can lead to more vendors developing new types of packaging that will appeal to consumers and increase their customer base. This is a major factor that will drive the growth of the global cardamom market during the forecast period.

Challenge 

The fluctuation in prices of cardamom is a major challenge in the market growth.  The global market for cardamom has a high degree of volatility in the world in terms of price fluctuations. This is primarily due to the unpredictable and inconsistent cardamom production in leading producers like Guatemala and India. In some months, due to the overproduction of cardamom in Guatemala, the price of cardamom in the global market becomes depreciated. On the other hand, the price of cardamom is higher because of the shortfall in production. 

However, in Guatemala, there are seven levels of intermediaries: farmers, community markets, entrepreneurs, benefactors, shopkeepers, wholesale buyers, and wholesalers who make up a complicated supply chain that creates uncertainty and price volatility. Thus, the fluctuating prices of cardamom are expected to drive the growth of the market focus during the forecast period

Cardamom Market Segmentation by Application

The food and beverage industry is growing thanks to cardamom's health benefits, increased use of cardamom oil, and rising popularity in developing countries. Cardamom enhances flavor in hot beverages and is a versatile spice in various dishes and sauces. This expanded usage is driving market growth.

The global cardamom market in medical applications is growing steadily. Cardamom, rich in antioxidants and health-promoting compounds, is popular in teas for reducing depression and promoting relaxation. These functional teas are prescribed by physicians, contributing to their demand. The segment's growth is driven by pharmaceutical companies in South Asian countries and increasing awareness of cardamom oil's therapeutic properties.

Cardamom Market Segmentation by Product

The market share growth by the ingredients segment will be significant during the forecast period. The global cardamom market based on ingredients accounted for a significant market share in 2020. In countries such as Saudi Arabia, India, Pakistan, Nepal, the United Arab Emirates, Kuwait, Qatar, and Sri Lanka, cardamom is mainly used as flavoring in cold drinks like tea or coffee.

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The ingredients segment was valued at USD 591.46 million in 2017 and continued to grow until 2021. Cardamom is used as a major ingredient by the vendors offering hot beverages, e.g. tea products and a mixture of Masalas like garam masala, as it provides medicinal benefits on consumption. Moreover, growing awareness about the health benefits of cardamom and the increasing use of cardamom as an essential ingredient in baked goods due to its rich aroma are the major drivers influencing the growth of this product segment during the forecast period.

Powdered cardamom is primarily used as a spice in the cooking preparation of sweet dishes and other food items. Besides, it is also used to flavor hot beverages like tea and coffee. In basmati rice preparation, the powder of green cardamom is frequently used as a flavoring. However, cardamom's nutritional value is reduced by crushing the pods and seeds into powder form. Hence, it is best to use it in a powder form as a cooking spice rather than a nutritional additive. Cardamom powder can be used in the manufacture of sauces, dressings, tea, and food masalas. In APAC, powdered cardamom is always used in sweet dishes, ice creams, and milk products. On the consumption of these products, customers feel heavy. The addition of cardamom powder helps in the easy digestion of food and prevents stomachache and similar problems.

Regional Analysis 

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APAC is estimated to contribute 38% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. APAC accounted for a significant revenue share of the global market in 2020. India is one of the prominent producers and exporters of cardamom, which is attributed to India's large production volume of spices. 

Moreover, APAC is home to many different cultures and as a result, has a variety of cuisines. Many of these cuisines make use of different types of spices, including cardamom. This factor is one of the growth drivers for the regional cardamom market. For the preparation of many different types of sauces and condiments in this region, a high degree of acceptance is given to various varieties of cardamom. The above factors will increase the market growth in this region during the forecast period. 

The COVID-19 pandemic had a severe impact on the cardamom market in APAC in 2020. The global cardamom market gradually recovered as vaccination campaigns were conducted by the regional governments advanced and economies began to reopen. Improved logistics, reduced trade barriers, and increased consumer confidence have facilitated the revival of the market in focus. Expanding cultivation areas, utilizing cutting-edge farming methods, and encouraging sustainable practices are the prospective growth strategies in the APAC cardamom market. Furthermore, growing consumer awareness of cardamom's health advantages and its numerous uses in foods, drinks, and medications is anticipated to fuel market expansion during the forecast period.

Key Cardamom Market Companies Overview

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

  • Key Offering- Als Spices - The company offers cardamom such as cardamom with the cover and without covers.
  • Key Offering- AR RAHMAN SPICES - The company offers cardamom such as organic green cardamom powder and 8mm green cardamom elaichi.
  • Key Offering- Cardex SA - The company offers cardamom such as shiny green cardamom.

The cardamom market report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

  • Biofoods Pvt. Ltd.
  • Del Tropico SA
  • E Silk Route Ventures Pvt. Ltd.
  • EVEREST Food Products Pvt. Ltd.
  • Greenfield Bio Plantations Pvt. Ltd.
  • Imexa Inc.
  • Kautilya Commodities
  • KLG Spice
  • MAS Enterprises Ltd.
  • McCormick and Co. Inc.
  • Organic Spices Inc.
  • Pristine Organics Pvt. Ltd.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Cardamom Market Customer Landscape

Segment Overview

The cardamom market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Product Outlook (USD Million, 2017 - 2027)
    • Ingredients
    • Powder
    • Liquid extract
  • Application Outlook (USD Million, 2017 - 2027)
    • Food and beverages
    • Medical usage
    • Others
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Brazil
      • Argentina

Cardamom Market Scope

Report Coverage

Details

Page number

167

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 3.12%

Market growth 2023-2027

USD 185.83 million

Market structure

USD Fragmented

YoY growth 2022-2023(%)

2.88

Regional analysis

APAC, Europe, Middle East and Africa, North America, and South America

Performing market contribution

APAC at 38%

Key countries

US, Saudi Arabia, United Arab Emirates, India, and Germany

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Als Spices, AR RAHMAN SPICES, Biofoods Pvt. Ltd., Cardex SA, Del Tropico SA, E Silk Route Ventures Pvt. Ltd., EVEREST Food Products Pvt. Ltd., Greenfield Bio Plantations Pvt. Ltd., Imexa Inc., Kautilya Commodities, KLG Spice, MAS Enterprises Ltd., McCormick and Co. Inc., Organic Spices Inc., Pristine Organics Pvt. Ltd., ROYAL SPICES, South Indian Green Cardamom Co. Ltd., Sujep wachstum Enterprises, Synthite Industries Pvt. Ltd., and Woodland Foods Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Cardamom Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of the size of the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market industry across APAC, Europe, Middle East and Africa, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of cardamom market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global cardamom market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global cardamom market 2017 - 2021 ($ million)
    • 4.2 Product Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)
    • 4.3 Application Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 Ingredients - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Ingredients - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Ingredients - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Ingredients - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Ingredients - Year-over-year growth 2022-2027 (%)
    • 6.4 Powder - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Powder - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Powder - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Powder - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Powder - Year-over-year growth 2022-2027 (%)
    • 6.5 Liquid extract - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Liquid extract - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Liquid extract - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Liquid extract - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Liquid extract - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Product
      • Exhibit 46: Market opportunity by Product ($ million)
      • Exhibit 47: Data Table on Market opportunity by Product ($ million)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 48: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 49: Data Table on Application - Market share 2022-2027 (%)
    • 7.2 Comparison by Application
      • Exhibit 50: Chart on Comparison by Application
      • Exhibit 51: Data Table on Comparison by Application
    • 7.3 Food and beverages - Market size and forecast 2022-2027
      • Exhibit 52: Chart on Food and beverages - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Data Table on Food and beverages - Market size and forecast 2022-2027 ($ million)
      • Exhibit 54: Chart on Food and beverages - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on Food and beverages - Year-over-year growth 2022-2027 (%)
    • 7.4 Medical usage - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Medical usage - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Data Table on Medical usage - Market size and forecast 2022-2027 ($ million)
      • Exhibit 58: Chart on Medical usage - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Medical usage - Year-over-year growth 2022-2027 (%)
    • 7.5 Others - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Application
      • Exhibit 64: Market opportunity by Application ($ million)
      • Exhibit 65: Data Table on Market opportunity by Application ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 67: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 68: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 69: Chart on Geographic comparison
      • Exhibit 70: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.6 North America - Market size and forecast 2022-2027
      • Exhibit 83: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 India - Market size and forecast 2022-2027
      • Exhibit 91: Chart on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.9 Saudi Arabia - Market size and forecast 2022-2027
      • Exhibit 95: Chart on Saudi Arabia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on Saudi Arabia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on Saudi Arabia - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on Saudi Arabia - Year-over-year growth 2022-2027 (%)
    • 9.10 US - Market size and forecast 2022-2027
      • Exhibit 99: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.11 Germany - Market size and forecast 2022-2027
      • Exhibit 103: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.12 United Arab Emirates - Market size and forecast 2022-2027
      • Exhibit 107: Chart on United Arab Emirates - Market size and forecast 2022-2027 ($ million)
      • Exhibit 108: Data Table on United Arab Emirates - Market size and forecast 2022-2027 ($ million)
      • Exhibit 109: Chart on United Arab Emirates - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on United Arab Emirates - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 111: Market opportunity by geography ($ million)
      • Exhibit 112: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 113: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 115: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 116: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 117: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 118: Matrix on vendor position and classification
            • 12.3 Als Spices
              • Exhibit 119: Als Spices - Overview
              • Exhibit 120: Als Spices - Product / Service
              • Exhibit 121: Als Spices - Key offerings
            • 12.4 AR RAHMAN SPICES
              • Exhibit 122: AR RAHMAN SPICES - Overview
              • Exhibit 123: AR RAHMAN SPICES - Product / Service
              • Exhibit 124: AR RAHMAN SPICES - Key offerings
            • 12.5 Cardex SA
              • Exhibit 125: Cardex SA - Overview
              • Exhibit 126: Cardex SA - Product / Service
              • Exhibit 127: Cardex SA - Key offerings
            • 12.6 Del Tropico SA
              • Exhibit 128: Del Tropico SA - Overview
              • Exhibit 129: Del Tropico SA - Product / Service
              • Exhibit 130: Del Tropico SA - Key offerings
            • 12.7 EVEREST Food Products Pvt. Ltd.
              • Exhibit 131: EVEREST Food Products Pvt. Ltd. - Overview
              • Exhibit 132: EVEREST Food Products Pvt. Ltd. - Product / Service
              • Exhibit 133: EVEREST Food Products Pvt. Ltd. - Key offerings
            • 12.8 Greenfield Bio Plantations Pvt. Ltd.
              • Exhibit 134: Greenfield Bio Plantations Pvt. Ltd. - Overview
              • Exhibit 135: Greenfield Bio Plantations Pvt. Ltd. - Product / Service
              • Exhibit 136: Greenfield Bio Plantations Pvt. Ltd. - Key offerings
            • 12.9 Imexa Inc.
              • Exhibit 137: Imexa Inc. - Overview
              • Exhibit 138: Imexa Inc. - Product / Service
              • Exhibit 139: Imexa Inc. - Key offerings
            • 12.10 Kautilya Commodities
              • Exhibit 140: Kautilya Commodities - Overview
              • Exhibit 141: Kautilya Commodities - Product / Service
              • Exhibit 142: Kautilya Commodities - Key offerings
            • 12.11 KLG Spice
              • Exhibit 143: KLG Spice - Overview
              • Exhibit 144: KLG Spice - Product / Service
              • Exhibit 145: KLG Spice - Key offerings
            • 12.12 MAS Enterprises Ltd.
              • Exhibit 146: MAS Enterprises Ltd. - Overview
              • Exhibit 147: MAS Enterprises Ltd. - Product / Service
              • Exhibit 148: MAS Enterprises Ltd. - Key offerings
            • 12.13 McCormick and Co. Inc.
              • Exhibit 149: McCormick and Co. Inc. - Overview
              • Exhibit 150: McCormick and Co. Inc. - Business segments
              • Exhibit 151: McCormick and Co. Inc. - Key offerings
              • Exhibit 152: McCormick and Co. Inc. - Segment focus
            • 12.14 Organic Spices Inc.
              • Exhibit 153: Organic Spices Inc. - Overview
              • Exhibit 154: Organic Spices Inc. - Product / Service
              • Exhibit 155: Organic Spices Inc. - Key offerings
            • 12.15 Pristine Organics Pvt. Ltd.
              • Exhibit 156: Pristine Organics Pvt. Ltd. - Overview
              • Exhibit 157: Pristine Organics Pvt. Ltd. - Product / Service
              • Exhibit 158: Pristine Organics Pvt. Ltd. - Key offerings
            • 12.16 ROYAL SPICES
              • Exhibit 159: ROYAL SPICES - Overview
              • Exhibit 160: ROYAL SPICES - Product / Service
              • Exhibit 161: ROYAL SPICES - Key offerings
            • 12.17 Woodland Foods Ltd.
              • Exhibit 162: Woodland Foods Ltd. - Overview
              • Exhibit 163: Woodland Foods Ltd. - Product / Service
              • Exhibit 164: Woodland Foods Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 165: Inclusions checklist
                • Exhibit 166: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 167: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 168: Research methodology
                • Exhibit 169: Validation techniques employed for market sizing
                • Exhibit 170: Information sources
              • 13.5 List of abbreviations
                • Exhibit 171: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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