India’s Spice Export Market
India is the largest producer and exporter of spices but holds a small 0.7% share of the $14 billion global seasoning market.
India exports 1.5 million tonnes of spices worth $4.5 billion, commanding 25% of the $20 billion global spice market.
The goal is to increase the share of value-added spices to 70% by 2030 to reach an export target of $10 billion.
Opportunities for Growth
The spice sector should tap into the nutraceutical and pharmaceutical potential of spices, which are already used in Ayurveda and other medical practices.
Emerging regions like the North East, Odisha, and Jharkhand are becoming significant spice producers, leveraging India’s diverse agro-climatic zones.
Improving Spice Production and Quality
India must focus on increasing spice production, reducing costs, and improving quality and scale in value-added spices.
The World Spice Organisation (WSO) works with farmer producer organizations (FPOs) to improve production and quality control, including training in pest management and hygiene practices.
Research and Development
There’s a push to develop high-yielding, climate-resistant spice varieties through research bodies like the Indian Council of Agricultural Research and National Research Centre on Seed Spices.
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