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The spice industry can earn 2 billion USD if traceability is clear

The spice industry can earn 2 billion USD if traceability is clear

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The world spice market trend is moving towards safe and environmentally friendly products and consumer behavior has adjusted towards sustainable development, ensuring clear traceability. Therefore, transforming sustainable farming processes and clear traceability is an inevitable requirement to build a strategy to develop a sustainable, globally competitive spice industry.

Recently, the Department of Quality, Processing and Market Development organized a forum to promote the export of local spice products and specialties to key markets. Here, Mr. Nguyen Nhu Tiep – Director of the Department of Quality, Processing and Market Development said that Vietnam has great potential for producing spices such as cinnamon, anise, and spices typical for cuisine. Asian food. Besides key markets, markets with many Asian communities are also a new direction for potential customers in consuming tropical specialties and spice products.

Many Vietnamese spice products have affirmed their position in the international market. As for cinnamon, the cinnamon area in Vietnam reaches about 171,000 hectares, accounting for 17% of the global cinnamon area… Vietnam is the world’s third largest producer and exporter of cinnamon in terms of output, reaching 46,000 tons, after Indonesia and China. With anise, Vietnam ranks second in the world, after China, with an estimated annual output of about 20,000 tons on an area of ​​about 55,000 hectares…

Currently, Vietnamese cinnamon and anise are strongly consumed in many regions of South Asia (such as India, Bangladesh), the Middle East (UAE, Pakistan), East Asia (Japan, Taiwan – China, Korea), US and EU countries.

The spice industry can earn 2 billion USD if traceability is clear
Vietnam is the world’s third largest producer and exporter of cinnamon in terms of output, reaching 46,000 tons.

Mr. Nguyen Ngoc Bach – Representative of the Department of Quality, Processing and Market Development commented that consumer trends are moving towards safe and environmentally friendly products and consumer behavior has adjusted accordingly. sustainable development, ensuring traceability, creating value-added products, ensuring quality according to market requirements and finally applying digital platforms and technology to the supply chain and supply chain. value.

In addition, spice products also need to ensure quality and safety, and meet requirements for controlling pesticide residues. Therefore, transforming sustainable farming processes and clear traceability is an indispensable requirement to build a strategy to develop a sustainable, globally competitive spice industry.

Items and products from cinnamon, anise and medicinal plants are increasingly receiving attention and expanding export markets due to changes in consumer awareness, opinions and tastes towards green lifestyles, clean, good for health and helps increase immunity.

Mr. Tran Van Cong – Counselor for Vietnam’s Agriculture in the European Union (EU) said that Europe is one of the leading regions importing spices and flavorings, accounting for about 1/4 of Vietnam’s total imports. world. Imports of spices and flavors in 2021 reached about 2.83 billion euros. Of which, imports from developing countries alone reached 1.8 billion euros and accounted for 60% of Europe’s imports in the 2019-2021 period, increasing by 9%/year.

According to Mr. Cong, EU consumers are having increasing demand for spices that are produced sustainably, from new sources, with health benefits of spices and the use of spices and flavorings in cuisine. International foods are the top trends here.

However, exports to this market must pay attention to a number of requirements such as strict control of toxic substances, allergens, pesticide residues, heat treatment, plant quarantine, and safety certification. whole food, transparent supply chain…

The spice industry can earn 2 billion USD if traceability is clear
Items and products from cinnamon, anise and medicinal plants are increasingly receiving attention and expanding export markets.

Mr. Pham Quang Huy – Vietnamese Agricultural Counselor in the United States shared that the demand for spices in this market is increasing due to the need to increase resistance and protect the health of consumers after Covid-19. 19. To increase the market share of Vietnamese spices in this market as well as make Vietnam a destination of choice in the global spice supply chain, in addition to raw products, it is necessary to diversify spice products served. Food industry, cosmetics, pharmaceuticals, cuisine…

According to Mr. Huy, spice plants not only bring economic value but are also a valuable, indigenous genetic resource, helping to eradicate hunger and reduce poverty, contributing to the conservation of biodiversity under the forest canopy… He believes that these are the key factors. Businesses can promote Vietnamese spice products in response to green consumption trends, environmental protection, and emission reduction in the US market.

Emilia Chaney
Emilia Chaneyhttps://agrisearch.net
My name is Emilia Chaney. I'm a social girl from Romania with a big smile and 3 passions: Agriculture, Travel and Social Media. I try to make this blog practical, full of great advice and inspiring ideas.

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