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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.
Here is the table of top spice producing countries in World.
|Spice||Largest Producer||Second Largest Producer|
Cardamom the Green gold of Guatemala
Guatemala is the world’s leading exporter of cardamom; producing approximately 35,000 metric tons (MT) annually.
Cardamom is the fourth largest agricultural export product of Guatemala by value. The majority of which is exported to the Middle East, with trace amounts to the European Union.
In 2010, Guatemalan cardamom exports reached a historic high export value of US$308.1 million. A historic high by volume 38,453 MT in 2013 was exported valued at US$217.5 million.
The cardamom cultivated in Guatemala is Elettaria cardamomum, a native of India’s Malabar Coast. It is typically grown at an altitude of 250 to 1,500 meters with an annual rainfall of 1,000 millimeters (mm) to 3,500 mm and temperature of 50 to 86 degrees Fahrenheit.
Regionally, the Department of Alta Verapaz accounts for approximately 70 percent of production. Although its consumption is low among the Guatemalan diet, cardamom is an important crop in the economy of the region.
Its importance lies in the generation of foreign exchange, and as crop suitable for many smallholder (and women-led) households. For many of those smallholders, cardamom is the only cash crop.
How Indian Spice Market is different from other Countries?
Poor investment in research is a drawback for Guatemalan Cardamom, however in India both economy and business world is supportive to spice research and development.
Government agencies and NGO,s are funding more money to spice farmers. In India especially, hilly areas of Kerala have a unique climate for spices to grow and flourish in abundance.
So Indian Spice markets have both online and offline stores to buy and sell spices .
More investors are also looking at the Indian spice market, E commerce platforms as here demand for spicy food and aromatic dishes bringing more sales per day.
A leading spice market place ,says that they have an average sale of one lakh only through their online platform, even though they started as a startup venture.
The legacy of spice will continue and remain in the Indian Market, as whole world considers something special with Indian Spices both in quality and it’s organic preparation.
Now many spice products need organic certifications to ensure they are fully organic spices , thus healthy business is promoted by Indian Spice markets.