In 2023, the harvested area for nutmeg, mace, and cardamoms in India was around 110.00 thousand hectares. Forecasts from 2024 to 2028 indicate a steady growth in harvested area, with a year-on-year increase of approximately 0.78% in 2024, followed by similar growth rates through 2028. The Compound Annual Growth Rate (CAGR) for the five-year period starting from 2024 is projected to be around 0.74%.
Future trends to watch include potential impacts from climate change on spice cultivation, technological advancements in agriculture increasing yields, and possible shifts in global demand and pricing affecting cultivation strategies.
