Higher domestic and export demand increased the value during the period. The Indian spices market is pegged at 40,000 crore annually of which the branded segment makes up 15 per cent. Demand for major spices increases like Black pepper, Cumin seed, Coriander, Cardamom, Red Chilli etc. In International market demand for Indian spices increasing day by day due to higher quality. Sources revealed that from Everest Spices which exports 10 per cent of its products to the US, West Asia, Singapore, Australia, New Zealand and East Africa. The total market size of branded spices is estimated at 6,600 crore, and is growing at 14 per cent annually. While the US is the main importer of Indian spices, contributing 16 per cent of the total export value, it is followed by China at 9 per cent. The UAE and Malaysia are at six per cent, while Saudi Arabia, Germany, Sri Lanka, Singapore and the UK at 4 per cent respectively... Read More