The flavorful substances that come from various parts of plants, and are widely used in cooking to add flavor to the food and improve its nutritional and health values to a greater extent, are called Spices. We can also define it as; the spices are the aromatic vegetable products, used as a seasoning and flavoring of foods. It is usually found in the market in powder or seed form.
Welcome to Tradologie.com – the world’s first enquiry to delivery trade enabling next generation B2B platform that offers effective global procurement solution to spice exporters and importers all across the globe. Tradologie.com works as a trading platform between spice buyers and the sellers, where they can procure and sell all varieties of Indian Spices in bulk at the guaranteed best spice Price in just a few steps. Let’s explore more!
Tradologie.com is a next generation B2B platform particularly facilitating spice trade through an innovative enquiry-to-delivery global procurement solution to the concerned stakeholders, including both the buyers and the sellers. Through this platform, the buyers, both domestic and international, can easily Buy Spices of their choice in bulk in just a few clicks.
The platform allows the buyers to procure from a wide range standard to premium quality of Spices like all varieties of Turmeric directly from completely verified spices Exporters or sellers. Buyers can also purchase in bulk all Black Pepper, White Pepper, and other major spices like Cumin without any hassle.
Not only they can buy Whole Spices but the purchasers can also import the Spices in powdered and semi-crushed forms directly from the spice manufacturers through Tradologie.com.
By utilizing the ground-breaking technologies like, reverse bidding mechanism and real-time live negotiation, Tradologie.com has made buying Spices Online easy and effortless.
Tradologie allows trading only to the Manufacturers, Exporters, Sellers and Suppliers who are verified and have established manufacturing facilities and export credentials as well. Tradologie registers a seller on the platform only after completing the multi-tier verification process. We give our buyer options to choose from and to trade with all types and sizes of spice sellers including Spice Exporters, Spice Manufacturers, Spice Crushers, Spice Wholesalers, Spice Stockers, and Large Spice Traders & Spice Aggregators while floating his enquiry for the Real-Time Live Negotiation. Thus, only the genuine and actually capable sellers get opportunity to sell Spices Online.
Only a registered Spice Import or Agri Import entity having valid credentials or a registered Agri Trader, Spice Trader, Agri Aggregator, and Agri Wholesaler from across the nation or the Globe can become a buyer on Tradologie platform to Buy Spices through the platform.
India has led the Spice market around the world. It has approximate trade volume of 50 percent of total production of spices. As per the research report published by various international agencies, there is a high demand for Indian spices like Turmeric, Pepper, and Cumin all around the globe. Due to high quality production of the Indian Spices, this food segment has a chance to steal the thunder in the world market in the coming years
Different types of Spices are available in the market. Turmeric, Pepper (Black & White), and Cumin are important spices and have a great market value in domestic as well as international markets.
Unlike earlier times, spices nowadays are frequently used in different cuisines for not only bringing up good flavor and aroma to the food, but also providing various health benefits. People are gaining increasing interested in enjoying the foods with these spices throughout the world.
The Indian Spice Market is accounted for INR 40,000 Crores annually. The Branded Companies hold 15 percent of the total market share. The key players in the Indian market for branded spices are:
In the recent years, Tata Chemical has also launched its spices brand known as Tata Sampann in the market.
Historical documentation suggests that hunter-gatherers used to wrap meat in the leaves of bushes; accidentally they discovered that the wrapped leaves enhanced the taste of the meat. Gradually over the years, people discovered the usage of various parts of tree as spices and same were started to be used as medicinal purposes as well. During the process of civilization, people become able to differentiate between the spices and herbs and that became a norm for that culture.
From several historical books, it was defined that spices were used as a valuable item of exchange and trade.
Since last many thousands of years, spices such as Turmeric, Pepper, and Cinnamon are being used by Indian people for several culinary and health purposes. The cultivation of the spices had begun in India in the 8th Century.
Indian brands have successfully set up the new technological infrastructures that make them able to meet the demand of Indian spices around the world in the coming years. As per research estimation, the market has risen by up to 20 percent in the last few years. This value will further rise in the next few years.
Moreover, the future outlook of production of spices is huge in the Indian market as the small farms will continue to play an important role in the near future. These farms are usually owned by private Indian spice traders and companies. The growth of the Indian GDP depends on the ambition and passion of local Indian companies who manufacture fresh spice products and lead to a new revolution in the market.
Approximately 52 types of spices are exported from India to different countries across the globes. Among them, Turmeric and Black Pepper have a great market value. In the Financial year 2015-2016, India grew the Spice market to USD 62.68 Billion. Among all other spices, Black Pepper has huge market demand.
In the current Financial Year, India has imported 0.1 million tons of spices, that is being re-exported. Gujarat, Rajasthan, Andhra Pradesh, Orissa, and Madhya Pradesh are the leading states for exporting spices in the global market.
The total export of spices in the Financial Year 2017-18 was USD 3.11 Billion.
The Indian spice Market is projected to reach USD 18 Billion by 2020. The Indian government has commenced a great initiative to capture the world market in the next coming years.
The USA is one of the major importers of Indian spices, which is followed by China, Vietnam, Malaysia, UAE, Saudi Arabia, Singapore, Sri Lanka, UK, and Germany, respectively.
The growing demands of Indian spices are from the United States, Europe, Japan, and Australia. These regions are wholly accounted for 10 to 20 percent of imports in the worldwide spice market.
spices Board of India takes a step forward to the development and promotion of Indian spices around the world. The following are a few steps taken by the board that can enhance the future market of Indian Spices.