7 Reasons Why Curry Export is a Booming Business
Curry is one of the most popular dishes in the world, with a rich history and a variety of flavors. But did you know that curry export is also a lucrative business opportunity? In this article, we will explore seven reasons why you should consider exporting curry to other countries, and how you can get started.
What is curry?
Curry is a general term for a dish that consists of a sauce or gravy with spices, herbs, vegetables, and meat or seafood. The word curry comes from the Tamil word kari, which means sauce or relish. Curry originated in India, but has spread to other parts of Asia, Africa, Europe, and the Americas. There are many types of curry, such as Indian, Thai, Japanese, Malaysian, Indonesian, Sri Lankan, Pakistani, Bangladeshi, Nepalese, and Caribbean.
Why export curry?
Exporting curry products is a great way to make money and share your culture with the world. Here are seven reasons why:
1. Curry has a high demand and a loyal customer base.
People who love curry tend to eat it regularly and try different types of curry from different regions. This means that there is always a market for curry products, especially in countries where curry is not widely available or authentic. You can tap into this market by offering high-quality and diverse curry products that satisfy your customers’ cravings.
2. Curry has a long shelf life and can be easily packaged.
Most curry products, such as curry paste, curry powder, curry sauce, and ready-made curry meals, can last for months or even years without spoiling. They can also be packaged in convenient and attractive containers that are easy to transport and store. You can reduce your production and storage costs by making large batches of curry products and selling them over time.
3. Curry has a low production cost and a high profit margin.
Making curry products does not require expensive ingredients or equipment. You can use local spices, herbs, vegetables, and meat to create your own unique curry recipes. You can also sell your products at a premium price, as customers are willing to pay more for quality and authenticity. You can increase your profit margin by sourcing your ingredients from cheap and reliable suppliers, and by optimizing your production process.
4. Curry has a competitive edge and a niche market.
There are many types of curry products in the market, but not all of them are authentic or high-quality. You can differentiate yourself from the competition by offering original and delicious curry products that cater to specific tastes and preferences. You can also target niche markets, such as vegan, gluten-free, organic, or halal curry products. You can create a loyal fan base by providing excellent customer service and feedback.
5. Curry has a cultural value and a social impact.
Exporting curry products is not only a business venture, but also a way of sharing your culture and heritage with the world. You can introduce people to the history, traditions, and diversity of your country through your curry products. You can also support local farmers, producers, and communities by sourcing your ingredients from them. You can contribute to the social and economic development of your country by creating jobs and income.
6. Curry has a global appeal and a potential for growth.
Curry is not limited to one region or cuisine. It can be adapted to different cultures and palates, creating new and exciting variations. You can expand your market by exploring new opportunities and trends in the global food industry. You can also collaborate with other businesses, such as restaurants, supermarkets, online platforms, and distributors, to increase your exposure and sales.
7. Curry has a personal passion and a professional satisfaction.
Exporting curry products is not only a way of making money, but also a way of expressing your creativity and passion. You can experiment with different ingredients, flavors, techniques, and styles to create your own signature curry products. You can also enjoy the satisfaction of seeing your customers happy and satisfied with your products.
How to export curry?
If you are interested in exporting curry products, you will need to do some research and planning before you start. Here are some steps that you should follow:
- Find out the legal requirements, regulations, standards, taxes, tariffs, and fees for exporting food products to different countries.
- Find reliable suppliers, partners, customers, and channels for your products.
- Create a business plan that outlines your goals, strategies, budget, and risks.
- Register your business name, trademark, logo, and domain name.
- Design your product packaging, label, and logo.
- Obtain the necessary, certificates, and insurance for your business.
- Set up your production facility, equipment, inventory, and staff.
- Test your product quality, safety, and shelf life.
- Promote your product online, offline, and through word-of-mouth.
- Ship your product to your customers using reliable couriers or freight forwarders.
- Monitor your sales, feedback, and customer satisfaction.
- Evaluate your performance, challenges, and opportunities.
Where to find more information?
Exporting curry products is a booming business that offers many benefits and opportunities for entrepreneurs who love food and culture. If you have a passion for curry and a vision for success, you can turn your hobby into a profitable career. However, you will also need to be prepared for the challenges and risks that come with exporting food products. You will need to do your homework and seek professional advice before you start.
Global Trends in Curry Export Industry
Curry is a popular dish that originated in India and has spread to many parts of the world. Curry is made of various spices, herbs, and ingredients that create a rich and flavorful sauce. Curry can be prepared with different types of meat, vegetables, or seafood, and served with rice, bread, or noodles.
The Decline of Curry Exports from the UK
The United Kingdom (UK) has a long history of curry consumption and production, dating back to the colonial era. The UK is one of the largest exporters of curry products, such as ginger, saffron, turmeric, thyme, bay leaves, and curry powder. However, in recent years, the UK has seen a decline in its curry exports, mainly due to the Brexit uncertainty, the COVID-19 pandemic, and the increased competition from other countries. According to Statista, the value of ginger, saffron, turmeric, thyme, bay leaves, and curry exported from the UK dropped from 33.9 million pounds in 2020 to 22.2 million pounds in 2022.
The Rise of Curry Exports from Thailand
Thailand is another major producer and exporter of curry products, especially Thai cuisine, which is known for its spicy and aromatic flavors. Thai cuisine is categorized into four types: tom (boiled dishes), yam (spicy salads), tam (pounded foods), and Gaeng (curries). Thai food has a blend of sweet, salty, sour, and bitter flavors that appeal to many consumers around the world. According to Allied Market Research, the global Thai cuisine market size was valued at $5.1 billion in 2019 and is projected to reach $11.7 billion by 2027, registering a compound annual growth rate (CAGR) of 10.8% from 2020 to 2027.
The Future of Curry Exports Industry
The curry export industry is expected to face various challenges and opportunities in the future. Some of the challenges include the environmental impact of spice cultivation, the quality and safety standards of curry products, the trade barriers and tariffs imposed by different countries, and the changing consumer preferences and tastes. Some of the opportunities include the increasing demand for ethnic and exotic foods, the innovation and diversification of curry products, the expansion of online and e-commerce platforms, and the promotion of health benefits of curry consumption. The curry export industry will need to adapt to these changes and leverage its strengths to remain competitive and profitable.
References:
https://www.npr.org/2011/09/28/140735689/fresh-curry-leaves-add-a-touch-of-india
https://web.archive.org/web/20140329151125/http://www.bbc.co.uk/food/0/24432750
https://wits.worldbank.org/trade/comtrade/en/country/ALL/year/2021/tradeflow/Exports/partner/WLD/product/091050
https://www.statista.com/statistics/517021/ginger-saffron-turmeric-thyme-bay-leaves-curry-export-value-united-kingdom-uk/
https://www.alliedmarketresearch.com/thai-cuisine-market-a11006
https://www.export.gov/article?id=Food-and-Agricultural-Import-Regulations-and-Standards
https://www.fas.usda.gov/topics/exporting
https://www.foodnavigator.com/Regions
https://www.currylife.com/
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