In 2020, India exported 497,550 tons of chili, 206,400 tons of cumin, 175,600 tons of turmeric, and 930 tons of cardamom. From April 2020 to February 2021, India exported $3.56 billion worth of spices.
The edible oil market in India was 24.7 million tons in 2023. The market is expected to grow at a compound annual growth rate (CAGR) of 1.35% from 2024 to 2032.
In 2022-23, India produced 11.14 million tonnes of spices, a slight increase from 11.12 million tonnes in 2021-22.
India exported spices worth USD 4.46 billion in FY 2023-24, reaching an all-time high.
Over 40 startups in India secured approximately $787.28 million in funding from December 9-14, 2024, with notable contributions from Amazon, which pledged $120 million for digitizing manufacturing