Indian Export Scenario of Pepper Oil and Pepper Oleoresin

Abstract

India is known as "The Home of Spices”. There are over 54 kinds of spices grown across the India. The spices that India offers in abundance are pepper, ginger, turmeric, chilli, cardamom, celery, fenugreek, fennel, cumin, coriander, cinnamon, ajwain (bishop's weed), cassia, clove, nutmeg and mace etc. Interestingly, each of the spice has its own flavour, medicinal value and other interesting facts to go with it. In fact, the very commonly used word ‘AROMA' is the ancient Greek word for spice. India dominates the global market for spice oleoresin, which is in big demand from processed food and fragrance industries that now mostly prefer natural colouring and flavouring agents to artificial ones as consumers become increasingly health conscious. India controls 60 per cent of the ( 13,500 tonne ) global spice oleoresins market even as China has emerged as a strong contender in paprika oleoresin, the most in-demand spice oil. India is rated as the highest pepper consuming country in the world. Though demand for pepper exists throughout the year, a surge is noticeable during the winter months. The share of India in global pepper export has declined to less than 10 per cent during last three year. The share of Indian raw pepper export has declined, India is major producer of pepper oil and pepper oleoresin in the world. 90 per cent of global pepper oleoresin is produced in India. The advantages of using oleoresins in flavours and seasonings are manifold. They enhance the visual appeal and flavour, and increase the shelf life of the products the largest oleoresin extraction firm in India. They are more economical than whole or ground spices as less quantity can give the same effect. The study is based on secondary data. The secondary data has been collected from Spices Board and International Pepper Community. And also necessary information will be gathered from various Books, Journals, Seminar Volumes, Food and Agriculture Organization statistics and Reports, Market reviews etc. The data analyzed by adopting Compound Annual Growth Rate analysis. The tables and graphs are generated from the analysis of secondary data were collected from the year 2001 to 2010.