Spices Industry in India

Last Updated: August, 2015

Introduction

India, known as the home of spices, boasts a long history of trading with the ancient civilisations of Rome and China. Today, Indian spices are the most sought-after globally, given their exquisite aroma, texture, taste and medicinal value. India has the largest domestic market for spices in the world. Traditionally, spices in India have been grown in small land holdings, with organic farming gaining prominence in recent times. India is the world's largest producer, consumer and exporter of spices; the country produces about 75 of the 109 varieties listed by the International Organization for Standardization (ISO) and accounts for half of the global trading in spices.

Key Markets

  • India commands a formidable position in the world spice trade with the spice exports expected to touch US$3 billion by 2016-17
  • In value terms, India's spice market grew an average 8.8 per cent annually between 2009–10 and 2014–15 (up to December 2014).
  • About 893,920 tonnes of spices, valued at US$ 2,440.8 million, were exported in 2014–15.
  • In 2014–15, the US was the major importer, followed by China, Vietnam, the UAE, Malaysia, the UK, Germany, Saudi Arabia ,Thailand and Sri Lanka. Spice exports to the US increased 4.3 per cent to US$ 410.3 million in 2014–15 from US$ 393.3 million in 2013–14.

SPICES BOARD OF INDIA

The Spices Board of India works towards the development and worldwide promotion of Indian spices. It provides quality control and certification, registers exporters, documents trade information and provides inputs to the central government on policy matters. The board participates in major international fairs and food exhibitions to promote Indian spices, apart from organising various domestic events.

The total export of spices increased 7 per cent to reach US$ 2.4 billion for FY 2014‑15.

Source:
Spices Board of India

SPICES E-BROCHURE

Other Export Promotion Councils:

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

Spices

Sugandha Bhavan
N.H. By-Pass, Palarivattom P.O.
Cochin - 682025
Kerala
India

Tel.:+91-484-2333610
Fax: +91-484-2334429
Email: spicesboard@vsnl.com
Website: www.indianspices.com

The total export of spices increased 7 per cent to reach US$ 2.4 billion for FY 2014‑15.

Source:
Spices Board of India

Exports

Spices Industry in India