The Bharat Spices Conclave 2026 took place on April 17 at PHD House in New Delhi. Organized by the PHD Chamber of Commerce and Industry (PHDCCI) and Catch, this gathering focused on boosting India’s spice industry and enhancing its global influence.
The event brought together government officials, business leaders, and experts to discuss how to improve the spice value chain. They focused on opening new export markets, encouraging innovation, and implementing sustainable practices. The goal is to double the size of India’s spice economy.
Shri Chirag Paswan, Union Minister for Food Processing Industries, addressed attendees. He highlighted India’s historical connection to the spice trade and encouraged the sector to explore health and wellness opportunities. Paswan reassured everyone that the government aims to simplify business operations and is open to feedback for improving policies.
India is home to over 60 of the 109 spices recognized worldwide. These spices are exported to more than 200 countries, showcasing vast untapped potential. The conclave stressed the importance of shifting from a volume-based approach to one that focuses on high-value products. For instance, transforming spices into premium items for wellness and nutraceutical markets can enhance their appeal.
Support for the conclave came from multiple organizations, including the Ministry of Food Processing Industries and the Food Safety and Standards Authority of India. Partnerships with groups like the All India Food Processors’ Association emphasized the collective effort to advance the spice industry.
The discussions at the conclave have laid the groundwork for future growth. Participants expressed optimism that focusing on innovation and quality will help achieve the ambitious goal of doubling India’s spice economy. This effort aims to position India not just as a major spice producer but as a trusted source of premium products.
According to a recent survey by the Spice Board of India, the global spice market was valued at $17.8 billion in 2022 and is expected to reach $29.9 billion by 2028. The increasing demand for organic and healthy food options plays a significant role in this growth.
Overall, the conclave marked a pivotal moment for the Indian spice sector, underlining its role as a key player in the global economy.
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