Last Updated: June, 2020
India, known as the home of spices, boast 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.
Export Highlights and Key Markets
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.
Spices export value stood at US$ 3.65 billion in FY20, witnessing a growth of 10 per cent y-o-y.
Source: Spices Board of India, APEDA
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Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.