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The Covid 19 pandemic has had a direct impact on the estimated <a href="https://www.statista.com/statistics/876234/global-seasoning-and-spices-market-size/">$12 billion global spice market</a>. Demand for spices– few of them such as turmeric, pepper, cinnamon, clove, cumin among others, known to be immunity boosters&mdash;has spiked. And China, which is one of the largest producers of spices, has turned out to be one of the biggest markets for India.</p>
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According to <a href="https://www.ibef.org/exports/spice-industry-indias.aspx">India Brand Equity Foundation</a> (IBEF), India&rsquo;s total spice exports for the financial year 2020-21stood at $4 billion compared to about $3.6 billion in 2019-20.&nbsp;&nbsp;&nbsp; &ldquo;Today, Indian spices are the most sought-after globally, given their exquisite aroma, texture, taste and medicinal value,&rdquo; it said, adding that India has the largest domestic market for spices in the world.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>
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The India spices market grew at a CAGR of 15 per cent during 2015-2020, <a href="https://www.imarcgroup.com/india-spices-market">IMARC</a>, market research company, said.</p>
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<strong>Also read: <a href="https://www.indianarrative.com/economy-news/indian-chillies-spice-up-china-s-kitchens-of-course-with-a-bowl-of-rice-105663.html">Indian chillies spice up China&#39;s kitchens, of course with a bowl of rice</a></strong></p>
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Among all the spices, exports of Indian chillies have shot up.</p>
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India&rsquo;s total exports of red chillies &ndash; of various kinds &ndash; stood at about 6,01,500 tonnes.</p>
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Produce Report, a Chinese news portal for exporters, importers and retailer, pointed out that global trade in chili peppers was worth nearly $30 billion in 2017, greater than that for coffee or tea.</p>
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Chillies are required not only for daily food and diet, they also form a key ingredient for several pharmaceutical products.</p>
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In July, for the first time a 250 kg consignment of Bhoot Jolokia or &ldquo;Raja Mircha&rdquo; &ndash; the hottest chillies in the world, from Nagaland reached London. &ldquo;In a major boost to exports of Geographical Indications (GI) products from the north-eastern region, a consignment of &lsquo;Raja Mircha&rsquo; also referred as king chilli from Nagaland was today exported to London via Guwahati by air for the first time,&rdquo; a statement by the Press Information Bureau said. &nbsp;</p>
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