Indian Spices Market

India is famous for its spices that are widely used in industries like pharmaceutical, neutraceuticals, perfumery, toiletry and cosmetics. Indian spices are one of the major suppliers of pepper to a large number of countries.

 

Growth in Spices Market
The Indian spice market has shown remarkable growth in spice and culinary herbs exports. Indian spices manufacturers are making substantial efforts to improve the quality of spices backed up by technological advancement in order to tap the international market. Advanced technologies such as carbon dioxide extraction, cryogrinding, encapsulation of spice oil is being undertaken to ensure high quality of spices and their derivatives.

 

Market for Spice oils and Oleoresins
India is also leading in the field of spice derivatives, meeting almost 70% of the total demand of spice oils and oleoresins. The country is providing value added products and thus achieved a repute in the international community. With a focus on strong R&D, the Indian Manufacturers are are developing new products, implementing organic method of production for providing organic spices and herbs, which command a 10-30% premium.

 

Spice Export Figures
India is one of the major Asian production and trading centre of spices, its derivatives and also culinary herbs. India's spice exports account for about 39% of the total exports in terms of volume and around 22% in terms of exports value. India meets almost 65% of the global demand for derivatives like spice oils and oleoresins.

 

Chillies	33%
Seed spices	22%
Turmeric	14%
Spice Oils and oleoresins	7%
Pepper	7%
Cardamom	1.1%
Ginger	2.7%
Fennel	1.1%
Fenugreek	1.2%
Tamarind	0.9%
Nutmeg and Mace	1.0%

Tags:- Global Spices, Indian Spices Exporters, Indian Spices Manufacturers, Market Of Indian Spices, Spice Export, Spices In Bulk, Spices Market

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