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What is the global spice market?

The global market is characterized by several major spice processing and marketing companies, which grind imported or domestically produced spices & seasonings, pack them in a variety of containers and sell them at retail stores under their brand or private label names.

Why is the spice market growing?

It is driving the demand for spice blends and new spices. Spices are often used by the vegan masses as meat substitutes. They often mimic the taste of meat. It is creating several opportunities for the Spices and Seasonings Market growth.

How much is Indian spice industry worth today?

The spice industry has expanded dramatically and worth billions of dollars today. The East still dominates the market. The value of the Indian spices export market stands at a massive $3.11 billion in 2020. India exported 1.08 billion kilograms of spices in 2020 to different countries in the world.

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