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Demand Boosts India's Spice Exports

Demand Boosts India's Spice Exports

Demand Boosts India

Author: Vikas Singh | Published: June 28, 2022
Industry Segment: Food & Beverage  |  Word Count: 260 Words

NEW DELHI--June 30, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--India is the world's largest producer, consumer and exporter of spices. Indian spice exports increased 115% in volume and 84% in value (USD) between 2014 and 2021, according to The Hans India; the value of exports reached US$4.2 billion in 2020-21, which was the highest amount ever. The Indian government expects the export value to more than double to US$10 billion in the next five years.

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