There are many buyers across the world eager to buy bulk spices from India – a country that is known as the home of spices. Indian spices come with exquisite aroma, texture, taste, and medicinal value. A long history of trading with the ancient civilizations of Rome and China makes India a favored destination when it comes to buying spices. Tradologie.com facilitates Indian spices exports.
The global spice market is driven by the increasing popularity of Indian cuisines in Europe and North America with a growing Asian immigrant population. The growth prospects look good, however, traders may face a few procurement challenges while buying bulk spices and establishing themselves in the market.
A spice is a seed, fruit, bark, root, or other plant substance used for flavoring or coloring food. Spices are different from herbs, which are the leaves, flowers, or stems of plants used for flavoring or as a garnish. In India, spices are considered as warm and “Masaley”. The Indian spices industry is one of the biggest industries in the world that makes it the biggest producer and one of the largest exporters across the globe. According to the latest research, India has exported spices worth US$ 3.63 billion in 2020 through various digital e-commerce B2B platforms.
A spice is a bark, root, flavoring agent, seed, fruit, and other plant products that enhance the aroma and taste of the food. India is often called ‘The Land of Spices.’ The history of spices dates back to the Indus Valley civilization 4000 years ago. Spices were among the few grounds for outsiders to conquer India. Most spices in India are used in powder or seed form. Some popular spice yields in India are Turmeric, Cardamom, White Pepper, Black Pepper, Clove, and Cumin. Spices from India are still in high demand in the international market. Punjab, Kerala, Gujarat, and some north-eastern states of India are the most popular for the cultivation of spices. Top Importers of spices are the USA, Hong Kong, Vietnam, China, UK, Bangladesh, Thailand, Malaysia, Sri-Lanka, and UAE. In the fiscal year 2019, the export values of spice sum up to 231 million Rupees. The annual turnover of spice in India increases by 40,000 crores. The expansion of the spice business is a 7% gain in volume, 8% gain in currency.
India has been known as the land of spices from time immemorial. So what exactly are the spices? Spices are essentially vegetable products used for the seasoning and flavoring of foods. In the market, it can be found in powdered or seed form. Spices are added to improve the nutrition and flavor of the food.