Spices and Seasonings Importance in Growing Food Industry-MSME Global Mart Blog
What are Spices? The substances to add flavour to your food come from various parts of plants. You are widely using them to add flavours to the food and improve nutritional and health benefits called Spices. You also know spices and seasonings as the aromatic vegetable products commonly used in the seasoning and flavouring of foods. Herbs are usually available in powder and seed form in markets. About Market Size of Spices India is leading the market of spices all over the world. In 2019, The global market size of spices was around USD 5.16 billion in valuation, and it is expected to expand its reach at around a compound annual growth rate of 6.5 (CAGR) from 2020 to 2027. In the Fiscal year 2021, the export value of spices from India was valued at over 295 billion rupees which was a significant increase in export value from about 78 billion rupees in 2011. India has approximately 50% trade volume from the total production of spices. Globally some spices are highly demanding, like tu