Spice Market – India is the largest producer and exporter of spices in the world. The industry is worth about 30 billion, of which 90% is produced domestically and 10% is exported. The US, UK, Gulf countries are the main importers. About 50% of the world’s spices are produced in India, mainly in Kerala, Tamil Nadu, Karnataka, and Andhra Pradesh. There are more than 90 varieties like chili, coriander, cumin, ginger, garlic, mire, cloves, cinnamon, saffron, turmeric, coconut powder, etc. Many brands that make a variety of spices by processing them do business worth hundreds of crores. Mumbai alone has 5,000 spice retailers, 200 wholesalers, and 100 exporters. Spice products are also in great demand abroad.
Spice Industry Opportunities: The world is full of delicious food. Every family has a different taste and taste of spices. Due to the busy lifestyle in urban areas, spices are bought. This has created a huge opportunity for the homemade spice industry. It can be exported to selected customers as well as good eateries in the surrounding area by making heavy quality mixer and grinder at home and making good quality spices with less capital. The taste and quality of the spices, however, should be different and authentic from the spices available in the market. As the customer base grows and the business grows, it is possible to start a business by registering your small brand. Production, marketing, and advertising can be increased as customers and demand increase. This is a great opportunity for women who can make good homemade spices, home churches should put some capital behind it, encouragement so that women entrepreneurs will be created in every home. Along with spices, it will be possible to manufacture, sell and export pickles, papads, chutneys, mouth freshener spices.
Turnover: If there is a 10×10 spice shop in the general marketplace, there is a business of about 7,000 per day.
Space: This project can be started at home. But it is better to have a 10×10 shop in the market.
Required Capital: Approximately Rs. 10 lacs. But with a capital of Rs 40 lakh to Rs 50 lakh, you can make your brand register, food license, export license, packaging unit, etc. and export it all over the world.
Profit: This industry has about 30% profit. A benefit of 50 to 60 thousand per month is expected.
How do we help? :
- i) Complete project structure report
- ii) Product design / registration, etc. Help
iii) Complete project set-up and detailed project report (DPR- Detailed Project Report)
- iv) Assistance in case of loan, subsidy
- v) Complete branding, marketing, dealer network building, etc.
10) Do we need help? : People from rural areas of Maharashtra can do this business. More and more women must venture into this business and strengthen themselves and their families financially. Need more information and guidance on this? Then, of course, contact us, we will help you. Take it one step further.
Contact Us: +91 8897613486 / 9082840543 / 9869909779 / 9222086563
