World - Spices - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

World - Spices - Market Analysis, Forecast, Size, Trends and Insights

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Production of Turmeric

Turmeric (Curcuma longa) is a perennial herbaceous plant that is native to South Asia. It belongs to the ginger family, Zingiberaceae, and is widely cultivated for its rhizomes, which are used to produce the spice known as turmeric.

The production of turmeric involves several steps, starting with the cultivation of the plants. Turmeric can be grown in a variety of soil types, but it thrives best in well-drained soils rich in organic matter. It requires warm and humid conditions with temperatures ranging between 20°C to 30°C (68°F to 86°F) to grow successfully.

The cultivation of turmeric involves preparing the land by plowing and leveling it. The rhizomes, also called seed rhizomes, are planted in furrows or pits during the rainy season. After planting, the field is irrigated regularly to maintain the required moisture levels. Weeds are removed through manual or mechanical means, as they can hinder the growth of the turmeric plants.

After about 7-10 months, the turmeric plants reach maturity and are ready to be harvested. The harvesting process involves carefully removing the rhizomes from the soil. The rhizomes are then cleaned and separated from the leaves and other plant materials. The cleaned rhizomes are washed to remove any remaining soil.

Once the rhizomes are cleaned, they can undergo several processes to produce turmeric powder. The rhizomes can be boiled or steamed to remove the outer skin, also known as the periderm. This process is called curing. Curing helps enhance the color and flavor of the turmeric. After curing, the rhizomes are dried either in the sun or using mechanical dryers.

After drying, the turmeric rhizomes are ground into a fine powder, which is the final product that is commonly used as a spice in cooking. The powder is packaged and stored in a cool and dry place to maintain its quality.

Turmeric production is mainly concentrated in countries like India, China, Bangladesh, Sri Lanka, and Myanmar. These countries have favorable climatic conditions and a long tradition of cultivating and using turmeric in their cuisine and traditional medicine.

In addition to its culinary uses, turmeric also has several health benefits and is used in traditional medicine for its anti-inflammatory and antioxidant properties. It is also used as a natural dye and in the cosmetic industry for its vibrant yellow color.

This report provides an in-depth analysis of the global spice market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 687 - Pepper
  • FCL 689 - Pimento
  • FCL 692 - Vanilla
  • FCL 693 - Cinnamon (canella)
  • FCL 698 - Cloves
  • FCL 702 - Nutmeg, mace, cardamoms
  • FCL 711 - Anise, badian, fennel
  • FCL 720 - Ginger
  • FCL 723 - Spices nes

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

Ajinomoto Co., Inc., Ariake Japan Company Limited, Ariake Japan Company Limited, Asenzya, British Pepper & Spice Co., Ltd., B&G Foods, Inc., CaJohns Fiery Foods

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
    3. HARVESTED AREA AND YIELD BY COUNTRY
  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam
  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Harvested Area, By Country, 2012-2023
    7. Yield, By Country, 2012-2023
    8. Imports, In Physical Terms, By Country, 2012–2023
    9. Imports, In Value Terms, By Country, 2012–2023
    10. Import Prices, By Country Of Destination, 2012–2023
    11. Exports, In Physical Terms, By Country, 2012–2023
    12. Exports, In Value Terms, By Country, 2012–2023
    13. Export Prices, By Country Of Origin, 2012–2023
  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Yield And Growth
    12. Exports And Growth
    13. Export Prices And Growth
    14. Market Size And Growth
    15. Per Capita Consumption
    16. Imports And Growth
    17. Import Prices
    18. Production, In Physical Terms, 2012–2023
    19. Production, In Value Terms, 2012–2023
    20. Area Harvested, 2012–2023
    21. Yield, 2012–2023
    22. Production, By Country, 2023
    23. Production, In Physical Terms, By Country, 2012–2023
    24. Harvested Area, By Country, 2023
    25. Harvested Area, By Country, 2012-2023
    26. Yield, By Country, 2012-2023
    27. Imports, In Physical Terms, 2012–2023
    28. Imports, In Value Terms, 2012–2023
    29. Imports, In Physical Terms, By Country, 2023
    30. Imports, In Physical Terms, By Country, 2012–2023
    31. Imports, In Value Terms, By Country, 2012–2023
    32. Import Prices, By Country, 2012–2023
    33. Exports, In Physical Terms, 2012–2023
    34. Exports, In Value Terms, 2012–2023
    35. Exports, In Physical Terms, By Country, 2023
    36. Exports, In Physical Terms, By Country, 2012–2023
    37. Exports, In Value Terms, By Country, 2012–2023
    38. Export Prices, 2012–2023
Store
Blog
Event
Top Spice Import Markets and Market Insights
Oct 5, 2023
Eye 542

Explore the top import markets for spice worldwide, including the United States, India, China, Germany, and the United Arab Emirates. Discover key statistics and market insights from the IndexBox market intelligence platform.

Rising Consumer Attention to Ethnic Cuisines Propel the Global Spice Market
Jan 16, 2023
Eye 420

The global spice market is forecast to reach a value of $54.1 billion by 2030, growing at a CAGR of around 4.1% during 2022-2030.

Spice Market Trends 2022: Challenges, Logistics, and Opportunities
Jun 26, 2022
Eye 3152

The global spice market is expected to grow at a CAGR of over 3.5% from 2022 to 2025.

China and India Became Fastest-Growing Spice Importers Over Last Decade
Feb 11, 2022
Eye 1117

Among leading importers, China, India, and the U.S. saw the highest growth rates of imports over the past decade.

The Spice Market to Be Supported by Rising Household Demand During the Pandemic
Mar 17, 2021
Eye 786

The lockdown caused a surge in household demand, and the costs of some spices were going through the roof during the pandemic. 

The Global Spice Market Lacks to Regain its Former Momentum
Jun 30, 2020
Eye 1185

The global spice market amounted to $33.1B in 2019, leveling off at the previous year. This figure reflects the total...

Global Pepper Market Is Expected to Reach 840K Tons by 2025
Sep 26, 2019
Eye 1138

Driven by increasing demand for pepper worldwide, the market is expected to continue an upward consumption trend over the next seven-year period. 

Which Country Eats the Most Pepper in the World?
Feb 9, 2018
Eye 5035

Global pepper consumption amounted to X thousand tons in 2015, going down by -X% against the previous year level.

Which Country Imports the Most Pepper in the World?
Jan 25, 2018
Eye 6435

Global pepper imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.

Global Pepper Market Reached 521K Tons in 2015
May 25, 2017
Eye 1182

The global pepper market showed steady growth, rising from X thousand tons in 2007 to X thousand tons in 2015. 

Free Data: Spices - World