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 turmeric, coriander (or cilantro), and pepper. In the coming years, with the production of high-quality spices, the Indian food segment has an excellent chance to grow globally.

 

Different Types of Spices in India

There are various types of spices available in the market worldwide. Each spice, like Turmeric, Pepper (Black & White), and Cumin, has different values in domestic and international markets.

Nowadays, Different cuisines are using Spices not only to add flavour and aroma to the food items but also to provide health benefits. Spices are gaining popularity among people across the world. People are enjoying the addition of taste in food through spices and seasonings.

Turmeric

Turmeric is a spice that comes from the plant. In India and across various Asian countries, people are frequently using this spice. The colour of this spice is yellow, and its raw taste is bitter. Every Indian food belonging to any state has a different form of turmeric inside. The root of the turmeric plant is useful for various medical benefits, inside cosmetics and in preventing cancer-like diseases.

There are many other medical uses of turmeric. It is commonly used in the prevention of pain, relief of inflammation, minimization of an itching problem, treating mild fever, cholesterol in the body and many other liver diseases.

U.S., Malaysia and UAE are one of the top exporting countries of turmeric in India. In 2021, India exported around 226 billion U.S.

Pepper 

There are two types of pepper spices people are using across the world: Black Pepper and White Pepper.

Black Pepper

The plant of black pepper is usually found in Kerala. The production of black pepper has been performed by drying the vine of the plant. The black pepper is a widely traded spice around the world. The use of this spice is mainly for flavouring food items along with various medicinal purposes.

The black pepper has a very effective nutritional component for health. The spice is helpful for cardiac patients due to its properties of low saturated fat and low in sodium, and cholesterol. It is a good source of Vitamin C, calcium, iron, copper, and minerals essential for growth.

White pepper

 The preparation of white pepper is done through dried fruits of the plant. The white pepper is milder than the black pepper. The white pepper pleasantly adds flavour to your food and helps you to improve your metabolism.

In 2017-18 India exported around 17600 tonnes of pepper globally. US, Germany and Japan are the major exporters of pepper in India. In 2020, the U.S. exported around USD 1.98 million value of black pepper from India.   

Cumin

Cumin is a dried seed of a herb, and the native of the plant is mainly in the areas of Southwestern Asia and the Middle East. The Cumin spices are primarily used for seasoning in various parts of India in whole and powder form. There are many medical benefits of using Cumin; many ayurvedic medicines are formulated through Cumin seeds.

India and China are the leading producers of Cumin, and Mexico is the largest producer. UK, Bangladesh and the US are the top exporters of Cumin. In 2020-21, India recorded 2.99 lakh tonnes of cumin exports globally.

Chilly Powder

Various Indian cuisines use many different dry chillies in other parts of India. Each chilli comes with its vivid red colour and smoking taste. It is among the popular spices in India. China and India are the leading exporters of Red Chilly Powder and row. In F.Y. 2021, India exported 6,01,500 tonnes of red chillies worth about Rs 8400 crore, the red chilly now accounting to capture 38% of the volume and 30% value of the Indian spices markets. 

Bulk Supplies of Spices

Source: From suppliers, traders, and manufacturers for bulk supplies of Spices in India and globally., Get quotations from multiple sellers registered at the reliable web portal of NSIC, A Government of India Enterprise MSME Global Mart. If you are the Supplier or manufacturer of different kinds of spices and looking for b2b buyers and trading opportunities globally, then list and register your business at MSME Global mart to avail benefits from online marketing support and various value-added business services helpful in growing your business in the digital world.

 

Millions of micro, small and medium enterprises from the manufacturing and service sectors have been using the services of MSME Global Mart. You can also become a part of this intelligent initiative of the Government of India. The Registration for Annual Subscription of B2B portal Gold Membership is available at their website or mobile app by filling an online form or visiting different branches of NSIC located in other parts of India. You can also register for 30 Days Free Trial Membership and enjoy all available essential portal features and services.  

 

Start and grow your B2B small business with online information about suppliers and manufacturers of products/services in your business categories. Built networking through connections with them. Share your multiple buying requirements at MSME Global Mart. Get keyword-based tender alerts at your registered email id. Offer/Get Franchise, sub-contracting, and distributorship opportunities for growing your business in target markets. You can also apply for Free MSME Registration to avail of various benefits from different schemes of NSIC like Single Point Registration, Bank Credit Guarantee Scheme and many more.