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A recent study says that turmeric is the world’s healthiest food. No wonder turmeric and its derivatives are making a profit in the global market. The production of turmeric has more than doubled in the past three years, according to reports. India is one of the largest producers of turmeric in the world with an annual production of over 85 percent of the global turmeric yield. Turmeric is used in various forms such as fresh/raw form, dried and grounded form as well as extract or oil extracted from it.

Turmeric powder is used in food as a flavouring agent and even for coloring purposes, whereas curcumin (a chemical compound found in turmeric) is used in pharmaceutical drugs as a remedy for many diseases like cancer and diabetes.

Black pepper is another spice produced mostly in India and Vietnam. It is also called King of Spices because of its high quality, taste and aroma.

Due to its high demand all across the globe, it has made a high-profit margin in the international market. Black pepper aids digestion and boosts the immune system, so demand for this spice has been increasing day by day.

You can buy bulk black pepper online through Tradologie.com. The platform is the world’s first next-generation digital trade hub for food products and Agri-commodities.

Turmeric market size globally

Turmeric is a root that can be used for its medicinal and culinary properties. The turmeric market size is expected to reach USD 1,508.4 million by 2022, based on a new report by Grand View Research, Inc. The growing popularity of the spice as a natural coloring agent in the food & beverages industry is expected to drive growth over the next seven years.

The health benefits associated with turmeric consumption include anti-inflammatory, antioxidant and antiseptic properties. These beneficial properties are attributable to curcuminoid compounds found in turmeric. As a result, the spice has found applications in the dietary supplements industry. In addition, turmeric is also used as a natural coloring agent in food & beverage products such as curry powder, mustard sauce, baked goods and confectioneries owing to its bright yellow color.

The demand for turmeric has been increasing owing to growing awareness about its natural health benefits. However, high prices of turmeric and availability of substitutes are anticipated to hinder market growth over the forecast period. Key manufacturers are focusing on product innovation to overcome this challenge by reducing prices or developing similar products at affordable rates. People today are going towards online procurement solutions for turmeric. Most of the people in the world buying bulk turmeric through Tradologie.com.

Black pepper market size globally

Black pepper market size globally is US$5.58 billion in 2017 and is forecast to grow at a CAGR of 4.8% to reach US$7.45 billion by 2022.

The black pepper market growth is driven by increasing demand for premium food ingredients, rising trend of healthy eating, and growing demand for packaged food products.

The black pepper market is segmented by type (ground pepper, crushed peppercorns, and others), application (food & beverage, medicine, skincare, and others), and end-user (residential and commercial).

The main reason for growth in the market can be attributed to the natural properties of black pepper, which have been known to promote weight loss and act as a digestive aid. The growing demand for spices in the food and beverage industry is fueling the growth of the black pepper market. Further, growing consumer preference for ethnic food products that are rich in flavor is expected to drive the demand during the forecast period.

In addition, black pepper contains high levels of antioxidants, which makes it an ideal ingredient for cosmetic products such as scrubs, skin creams, and body lotions, due to its ability to slow down aging effects on the skin. These factors are expected to further boost the market growth during the forecast period. International markets are also importing black pepper in bulk due to the increasing market and demand. 

Asia-Pacific Dominates Black Pepper Market

Asia-Pacific is one of the major producers of black pepper. Countries like India, China, and Indonesia are major exporters of black pepper from this region. In addition, high consumption of black pepper in countries like China and India is also driving the market growth in this region.

Export of Turmeric and Black pepper from India 

The Indian spices sector is one of the largest in the world, with India being the largest exporter of spices and spice products. The total production of spices in India is over 3 million tonnes per annum. The export of spices has been growing at a steady rate and the country currently holds about 60% share in the global spice trade.

India exports about 80 varieties of spices including chillies (22%), turmeric (16%), cumin (8%), pepper (8%) coriander (6%) cardamom (4%) fennel/aniseed (3%), ginger (3%), fenugreek (2%). In terms of value, India’s exports of spices have grown at a CAGR of 13% over the past five years to reach US$ 3 billion in 2016-17. The export market for Indian spices is highly competitive with India competing with China, Syria, Turkey, Guatemala, Mexico, Vietnam, Canada and Sri Lanka. Spices are exported to over 130 countries across the globe with Europe and USA accounting for nearly 50% of exports.

Export Turmeric and Black pepper through Tradologie.com

Tradologie.com Will Ensure That You Get The Best Prices For Your Favourite Products

Tradologie.com is a B2B e-commerce company that helps buyers and sellers to transact in an easy and smooth manner. The company uses a combination of technology, domain expertise, and a unique business model to help buyers, traders, and sellers to connect online.

Tradologie.com has created an online B2B marketplace that allows buyers to connect with sellers across the globe for their commodities requirements. The sellers can post orders for their requirements on the portal and buyers can place their bids for the same. Once the seller selects a buyer, Tradologie will facilitate the transaction by helping them with payment, logistics, and documentation.

Last Word

The platform brings buyers and sellers together on a common platform where they can transact online in a transparent manner. This enables them to negotiate prices as per their needs thereby ensuring that they get the best deal out of it. Buyers can select from a wide range of products and they also have the choice of selecting their preferred supplier through a bidding process or through the direct quotation method available on the website. They can also start a negotiation process with suppliers through private chat options available on the website.

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