The USD/LKR exchange rate rose to 300.6700 on June 20, 2025, up 0.10% from the previous session. Over the past month, the Sri Lankan Rupee has weakened 0.38%, but it's up by 1.52% over the last 12 months. Sri Lankan Rupee - values, historical data, forecasts and news - updated on June of 2025.

Moonstone Market Outlook

The moonstone market size is poised for significant growth, with an estimated valuation of USD 1.5 billion in 2023 and a forecast reaching approximately USD 2.8 billion by 2032, reflecting a robust compound annual growth rate (CAGR) of 7%. This impressive growth can be attributed to the increasing consumer interest in gemstones, not only for their aesthetic value but also for their metaphysical properties. The demand for moonstones in jewelry and healing crystals is soaring due to their unique visual appeal and perceived spiritual benefits. This surge in popularity is propelling the market forward, aided by the evolving consumer preferences towards natural and holistic wellness solutions.

One of the primary growth factors driving the moonstone market is the rising interest in alternative healing practices and spiritualism. Moonstones are highly valued for their supposed ability to enhance intuition and provide calmness, making them a popular choice among individuals seeking balance and tranquility in their lives. The widespread promotion of wellness and mindfulness practices has led to an increased demand for healing crystals, including moonstones. As consumers continue to explore and embrace these holistic practices, the moonstone market is expected to expand, driven by the growing awareness and acceptance of their spiritual benefits.

Another significant factor contributing to the growth of the moonstone market is the resurgence of gemstone jewelry in the fashion industry. Designers and fashion enthusiasts are increasingly incorporating moonstones into their creations, attracted by their ethereal beauty and versatility. Moonstones have become a staple in fashion accessories, ranging from fine jewelry to everyday wear. This trend is amplified by social media platforms, where influencers showcase moonstone jewelry, further fueling consumer interest. As fashion trends continue to evolve, the demand for unique and visually captivating gemstones like moonstones is expected to rise, driving market growth.

The proliferation of e-commerce platforms and online retail channels has also played a crucial role in the growth of the moonstone market. The convenience of online shopping, coupled with the availability of a vast array of moonstone products, has made it easier for consumers to access and purchase these gemstones. Online retailers offer a wide selection of moonstone jewelry, gemstones, and healing crystals, catering to diverse consumer preferences. The growing trend of online shopping, driven by technological advancements and changing consumer behavior, is anticipated to further propel the moonstone market, providing a significant boost to sales and market expansion.

Regionally, Asia Pacific is emerging as a key market for moonstones, driven by the region's rich heritage in gemstone trade and spiritual practices. Countries such as India and Sri Lanka, with their historical significance in gemstone mining and trade, are major contributors to the market's growth. The increasing disposable income and changing lifestyle preferences in these countries are further augmenting the demand for moonstones. Additionally, the Middle East and Africa region, known for its affinity towards gemstones, offers significant growth potential, supported by a growing interest in holistic healing practices and gemstone jewelry.

Product Type Analysis

The moonstone market is segmented by product type into jewelry, gemstones, healing crystals, and others, each with distinct consumer bases and demand patterns. Jewelry remains the largest segment due to the inherent allure of moonstones in artisanal and fine jewelry creations. These gemstones are often incorporated into rings, necklaces, bracelets, and earrings, offering a unique shimmer that appeals to a broad range of consumers. The jewelry segment is anticipated to experience steady growth, driven by ongoing fashion trends that favor natural and organic elements. The versatility of moonstones allows designers to create diverse styles, catering to both modern and traditional preferences, thereby expanding their reach across different consumer demographics.

In addition to jewelry, the gemstones segment is witnessing notable growth as consumers increasingly seek moonstones for their ornamental and metaphysical properties. This segment caters to individuals interested in collecting gemstones for their beauty and rarity. Moonstones, with their distinct adularescence, offer a unique visual appeal that is highly prized by gemstone collectors and enthusiasts. The gemstones segment is expected to benefit from the risi

The Gross Domestic Product (GDP) in Sri Lanka was worth 98.96 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Sri Lanka represents 0.09 percent of the world economy. This dataset provides the latest reported value for - Sri Lanka GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The USD/LKR exchange rate rose to 300.6600 on July 11, 2025, up 0.02% from the previous session. Over the past month, the Sri Lankan Rupee has weakened 0.54%, but it's up by 0.60% over the last 12 months. Sri Lankan Rupee - values, historical data, forecasts and news - updated on July of 2025.

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Cardamom Market Size 2025-2029

The cardamom market size is forecast to increase by USD 195.3 million, at a CAGR of 3.1% between 2024 and 2029.

The market is experiencing significant growth driven by the increasing awareness of its numerous health benefits. This trend is particularly noticeable in regions with a strong cultural affinity for cardamom, as well as in health-conscious consumer populations worldwide. Another key driver is the growing prominence of online shopping and e-commerce, which offers consumers greater convenience and access to a wider range of cardamom products. However, the market is not without challenges. Fluctuations in the prices of cardamom, influenced by factors such as weather conditions and supply chain disruptions, pose a significant risk to market stability.
Companies seeking to capitalize on the opportunities presented by this dynamic market must stay informed of price fluctuations and adapt their strategies accordingly. Additionally, investing in research and development to create innovative cardamom-based products and exploring alternative sourcing options can help mitigate the risks and ensure long-term success.

What will be the Size of the Cardamom Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, driven by the diverse applications of this versatile spice across various sectors. From cardamom oil's role in perfumes and aromatherapy to its use in culinary applications, such as baking and confectionery, the spice's demand remains robust. In the healthcare sector, cardamom is utilized as a digestive aid and for its anti-inflammatory properties in pharmaceuticals and cosmetics. Cardamom's cultivation, primarily in tropical regions, is a continuous process that influences the market dynamics. Green cardamom, with its distinct flavor and aroma, is meticulously harvested and graded to ensure top quality. The processing and packaging of cardamom are crucial factors in maintaining its freshness and market value.

The price fluctuations in the market are influenced by numerous factors, including supply and demand, quality, and geopolitical conditions. As research on cardamom's health benefits continues to unfold, the demand for this spice is expected to grow further, leading to new opportunities and challenges in the market. Cardamom's versatility extends to various industries, including food and beverage, pharmaceuticals, and cosmetics. Its use as a substitute for other spices and its integration into new product lines further expand its market reach. Quality control measures and certifications are essential to ensure the authenticity and purity of cardamom products.

The market's continuous dynamism is reflected in its ongoing evolution, with new applications and market opportunities emerging in various sectors. The integration of technology and innovation in cardamom production, processing, and distribution is expected to further shape the market landscape.

How is this Cardamom Industry segmented?

The cardamom industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Ingredients
  Powder
  Liquid extract


Application

  Food and beverages
  Medical usage
  Others


Type

  Green cardamom
  Black cardamom
  White cardamom


Distribution Channel

  Offline
  Online


Geography

  North America

    US


  Europe

    Germany
    Italy
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Product Insights

The ingredients segment is estimated to witness significant growth during the forecast period.

The market holds a substantial market position, driven by its extensive usage as a flavoring agent in various industries. In hot beverages like tea and coffee, cardamom is a popular ingredient in countries such as Saudi Arabia, India, Pakistan, Nepal, UAE, Kuwait, Qatar, and Sri Lanka. Additionally, it finds application in bakery products, including bread, buns, cakes, and confectionery items, in both savory and sweet dishes, particularly in the MEA and APAC regions. In Indian cuisine, cardamom is a staple ingredient in both sweet and spicy dishes, reflecting the diversity of local cultures. Regional and local companies in APAC's food and beverage sector produce sauces and dressings to preserve traditional flavors using cardamom.

Cardamom is also used in cosmetics, perfumes, capsules, and pharmaceuticals for its antioxidant properties, medicinal benefits, and as a digestive aid. The market for cardamom is further boosted by its use in confectionery, baking, research, beverages, incense, aromathe