Yemen is home to the world’s largest spice market. Over 500,000 metric tons of Indian spices are imported every year from India. India is a major exporter of spices in the world, and it has been exporting its spices to Yemen for many decades ago. There is a growing demand in Middle East countries such as Saudi Arabia and United Arab Emirates (UAE) for Indian spices. Here are five types of spices exported from India to Yemen:
India is the largest exporter of spices in the world. The traders export spices from India as it has been growing at a rapid pace during the last few years. The demand for Indian spices has increased significantly in foreign markets like the USA, Europe, Middle East and Africa. The demand for Indian spices is on a rise due to its rich aroma and taste.
India is the world’s largest producer and spices exporters. The country exported spices worth Rs. 29,932 Crores in FY19, an increase of 9% over the previous fiscal. There are many types of Indian spices that are exported to different countries around the world. India is also the largest producer of organic spices and holds a dominant position in global organic spice production and exports.
India is the world’s largest producer of spices. The country produces 70 percent of the world’s ginger, turmeric, and chilies and 65 percent of its dry onions, according to the latest data from the Agricultural and Processed Food Products Export Development Authority (APEDA).
According to market research firms, the global spice market size has been valued at USD 5.86 billion in 2019 and is expected to grow at a CAGR (compound annual growth rate) of 6.5% between 2020 and 2027. There is an increasing demand for bulk spices grown organically that can help boost immunity and ensure general well-being when consumed every day. Global manufacturers are producing high-quality, appealing, and reliable products that are consistent in quality and can correlate with flavors of myriad regions.
Indian Spices and Benefits of Procuring through Tradologie.com
India is one of the leading producers of different types of herbs and spices. Did you know that pepper, cardamom, turmeric, ginger, cumin, fennel, fenugreek, tamarind, and vanilla are some of the major whole bulk spices exported from the country? The top ten destinations of Indian bulk spices in the financial markets are the US, China, Vietnam, Hong Kong, Bangladesh, Thailand, UK, UAE, Malaysia, and Sri Lanka.
The Indian spice market has grown at a CAGR of 15 percent during the period of 2015-20. According to market analysts, the spice market is expected to continue on this growth trajectory during 2021-2026.
India – known as the land of exotic spices – has a well-documented trading history with many civilizations of the world since ancient times. The earliest trade routes connected the country with Europe, the Middle East, and the rest of the world and have been in use for centuries.
Spices are the edible portion of plants that have healing properties and can radically change the flavor and aroma of a cuisine. It is becoming more integrated with wellbeing. The retail food producers have expanded the application of spices and seasonings to match the taste and preferences of the many ethnicities of consumers across the world, propelling the industry ahead. Here, you’ll get deep insights into the global market of spices.
India is considered ‘The Land of Spices’ as Indian Spices are world-famous for their flavor and fine texture.
The glory of Indian spices prevails all over the world and that helps India holding a commanding position in the global spice trade.