Market Challenges And Opportunities
Bulk availability of herbs and spices across the globe are creating immense opportunity for growth of seasoning market. As per Spices Board of India, total spices and spice product exported from India in 2017-18 was 1.03 million tones, which was valued at US$ 2.6 Billion.
However, excessive intake of seasoning may lead to allergy, high blood pressure or unconsciousness, which is a major challenge and it can restrain the market growth. Since seasoning is an agricultural product, uncertain climatic conditions like low or high rainfall, thunderstorms and temperature can restrain the growth of the market. Moreover, Government policies on importing and exporting may restrict the trade of herbs and spices, in turn restraining market growth.