India's spice export industry is on track to achieve a target of USD 10 billion by 2030, according to Ramkumar Menon, Chairman of the World Spice Organisation (WSO). He stated that to meet this ambitious goal, the sector plans to expand into Africa, South America, and the East European bloc, where its presence remains limited.

Growing Opportunities in Emerging Sectors

Menon highlighted that the spice industry is exploring growth opportunities in health and wellness, nutraceuticals, and pharma. These sectors increasingly rely on spices due to their health benefits. For instance, exports of ginger and turmeric surged during the Covid-19 pandemic, reflecting their medicinal value.

He also pointed out the seasonings sector as a significant area of potential. "The global market for seasonings is around 4.9 million tonnes, valued at USD 14.2 billion. However, India's share is only 0.7% by volume and 0.6% by value," Menon said. Comparatively, China dominates this market with a 12.2% share in quantity and a 14.6% share in value terms.

India’s Advantages and Challenges

India has substantial advantages, including its diverse agro-climatic zones, a wide variety of spices, advanced spice research institutions, and a large pool of scientists. However, Menon emphasized that tapping into these strengths requires forward-thinking government policies.

For example, he noted that the seasoning and nutraceutical industries need specific ingredients not readily available in India. Regulatory constraints on imports of these ingredients often delay exports, making it challenging for the industry to meet global demand efficiently.

Addressing Concerns Over Quality

Addressing concerns about the quality of Indian spice exports, Menon explained, "While there have been some aberrations, total rejections amount to well below 1% of the total export volume. It's important to remember that we deal with agricultural commodities, which are susceptible to climate change and natural variations."

He also clarified that recent issues with small consignments of assorted spices have been resolved. "Exports to these critical markets are ongoing, and buyers continue to accept our goods," he reassured. Menon acknowledged that global and domestic standards are becoming more stringent but expressed confidence in the industry's ability to meet these evolving requirements.

Leading Exported Spices and Major Markets

India’s most exported spices include chilli, cumin, mint, and turmeric, which are shipped in various forms, such as whole, ground, oils, and oleoresins/extracts.

The primary destinations for Indian spices are China, Bangladesh, the USA, Sri Lanka, the Middle East, and the UK.

Conclusion: A Bright Future for India’s Spice Industry

The Indian spice industry’s export target of USD 10 billion by 2030 underscores its confidence in the sector’s growth potential. However, achieving this goal will depend on a combination of policy support, diversified market expansion, and the ability to meet strict quality standards. For now, the industry is well-positioned to capitalize on rising global demand and maintain its reputation as a leading spice exporter.





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