Ten of most expensive spices in the world (2024)

Shawn Gavin February 15, 2023

  • Ten of most expensive spices in the world (1)

Ten of the most valuable spices in the world explained

Highly sought after by chefs and gourmands alike, spices have always played a role in cooking, flavor, and even medicinal purposes. No matter their origin, once spices were discovered by travelers and explorers, applications and trade flourished. Spices have played an important role in human history—building empires, starting wars, and even being used in rituals and other religious practices.

Primarilygrown in some of the world's most exotic locations, the top ten most expensive spices can now be found in home spice collections or professional kitchens around the world. While most people tend to use spices like cinnamon, clove, and nutmeg to flavor food or beverages, many are also commonly used for their healing and medicinal properties.

Check out the list below and don't be surprised if you find a new use for your own favorite spice below.

The top ten world's most expensive spices:

1. Saffron

Saffronis derived from the stigmas of the crocus flower and is known for its intense, earthy flavor. It is also the most expensive spice in the world, with a pound of saffron costing thousands of dollars. Saffron is mainly grown in Iran, Afghanistan, Italy, and Spain. Want to learn more about saffron?Learn how to dye with saffron, how it is used in natural medicine, and find a long list of recipes here.

2. Vanilla

This spice is derived from the seed pods of a tropical orchid and is known for its sweet, rich flavor. Vanilla is mainly grown in Madagascar, Uganda, Comoros, Papua New Guinea, Tahiti, Indonesia and Mexico. Now vanilla can be found in many other regions of the world, but the countries highlighted above continue to be leaders in quality and consistency. Check out our vanillas here.

3. Green Cardamom

This spice is derived from the seeds of a tropical plant related to the ginger family and is known for its unique and complex flavor that combines both sweet and savory notes. Cardamom is mainly grown in Guatemala, India and even Sri Lanka. Green cardamom is commonly referred to as the Queen of spices and we highly recommend using this culinary queen in a Cardamom Chocolate Mousse.

4. Nutmeg

Nutmeg isn't a nut at all but the seed of a tropical tree and is known for its warm, nutty flavor. Nutmeg is mainly grown in the Banda Islands of Indonesia but is also found in Grenada, Sri Lanka, and other Caribbean islands. Nutmeg is a frequent addition to baked goods but is also a fantastic addition to savory cream sauces and spice rubs.

5. Black Pepper

Peppercorns are derived from the dried berries of a tropical vine and is known fortheir sharp, pungent flavor. Black pepper is mainly grown in India, Brazil and Vietnam. Black pepper is referred to as the "king of spices" because at one time, it was exclusively used by the rich due to its highprice point in the past.

6. Cloves

Cloves are sourcedfrom the dried flower buds of a tropical tree andare known forthe warm, sweet flavor they supply. Whole cloves are mainly grown in the Maluku Islands of Indonesia, Sri Lanka, Madagascar, and Comoros. They are commonly found in beverages, baked goods, and natural medicine, but we love them in this savory chickpea and kale madras.

7. Turmeric

This spice is derived from the root of a tropical plant and is known for its bright yellow color and unique, earthy flavor. Turmeric is mainly grown in India, China and Sri Lanka. Turmeric is often used to color vegan dishes, making them appear "cheesy".

8. Star Anise

Star aniseis the star-shaped fruit of an evergreen tree and is known for its licorice-like flavor. Star Anise is mainly grown in Vietnam and China. It is often found as an ingredient in braises and stews.

9. White truffle

While not exactly a spice, theserare and expensive Tubers are known for their strong and earthy flavors. We've included it in this list because like spices, it is not typically a main ingredient in a dish, but rather a flavoring agent.

White trufflesare mainly found in the forest of Piedmont, Italy, and Alba, Italy but also found in Serbia, Bulgaria, and even parts of Turkey. White truffles, by far and wide, are the world's most expensive ingredient—shaved over high-endmeats, pastas, and risottosat some of the most renowned restaurants in the world.

Oddly enough, they were once seen as a food of the middle class but became a luxury ingredient after theIndustrial Revolution and the first World War, whenworldwidetruffle production fell by 97-99% to 20-50 tonnes annually.

10. Sumac

Sumac is derived from the dried berries of a Middle Eastern shrub and is known for its tangy, lemony flavor. Sumac can be used to impart acidity into a dish without adding any additional liquid. Unlike most acidic additions, itlacksany sort ofbitter aftertaste. Sumac is mainly grown in the Mediterranean region.

Final thoughts on this list of ten most expensive spices in the world.

Crossing borders, bringing people together and helping build communities, spices have always been used in many different ways. Adding flavor to food, curing illnesses, or make some kick-ass perfumes, humanity has always loved to keep it spicy. Chefs used them to create delicious and unique dishes, while healers used them to treat a wide range of ailments. And while these spices were rare and valuable, they were also treasured for their ability to enhance the taste of life itself with their unique flavor that has help make all of our lives more tasteful.

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Ten of most expensive spices in the world (2024)

FAQs

Ten of most expensive spices in the world? ›

Saffron (Crocus Sativus L. stigmas), the stamen of the crocus flower, is often claimed to be the world's most expensive spice.

What is the richest spice in the world? ›

Saffron (Crocus Sativus L. stigmas), the stamen of the crocus flower, is often claimed to be the world's most expensive spice.

What is the king of all spices? ›

Black Pepper is considered the 'king of spices' and rightfully so. Unlike its perennial companion, salt, which is easily available in any nook and corner of the world, the black pepper owes its origins to Kerala – a state in South India.

What is the most expensive spice in the US? ›

Saffron is often referred to as "red gold," for good reason—it's the world's most expensive spice, retailing for anywhere from $10 to $20 for a gram of the real stuff.

What is the most sold spice in the world? ›

Black pepper is a spice that is used in many cuisines and recipes. The most sold spice in the world, black pepper, has a sharp and pungent taste to it.

Which country is no 1 in spices? ›

India is the world's largest producer of spices. India is also the world's largest exporter of spices.

What spice is more valuable than gold? ›

It takes 70,000 saffron crocus flowers to produce just one pound of saffron threads, making saffron the world's most expensive spice. Saffron can only be harvested and processed by hand as its petals must be peeled away gently to collect the delicate saffron threads.

What is the most prized spice? ›

Saffron is the most valuable spice in the world with multiple health benefits. Saffron spice is used in different Iranian recipes for its incredible taste and aroma. In recent years, other countries started to use saffron powder or even strand for better food taste and dressing.

What is the second most expensive spice? ›

Vanilla is the second-most expensive spice (as measured in terms of average price by unit of weight) after saffron because growing the vanilla seed pods is labor-intensive.

What is the oldest spice in the world? ›

1) Cinnamon: Cinnamon, a sweet and aromatic spice, has been used since ancient times. Its history dates back to ancient Egypt, where it was used as a perfume and medicine.

What is the most underappreciated spice? ›

Overlooked today, pepper has played a significant role in human affairs for millennia. Doctors in South Asia used it to treat an array of ailments while creating Ayurveda — a system of medicine that may be 3,000 years old.

Which spice is most profitable? ›

Profitable Spices: Saffron and cardamom are highly profitable, with a market size of around $374.66 million. Consumption: India consumes 39.4% of the spices produced worldwide.

What spices are worth more than gold? ›

Consequently, an ounce of saffron is valued at more than an ounce of gold. It is unknown exactly where this precious spice originated, but many believe it came from Greece. Today, it is primarily grown in Iran, but also in parts of Italy, Greece, and Spain.

Is saffron or vanilla more expensive? ›

Vanilla. The world's second most expensive spice is vanilla. While it originated in Mexico vanilla is famously cultivated in Madagascar and other islands in the Indian Ocean. Of course, it's price doesn't compare to the outlandish cost of saffron but vanilla will set you back a few dollars.

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