India Spices Market Share, Size, and Opportunities by 2022-27

India Spices Market Share, Size, and Opportunities by 2022-27

The IMARC Group provides extensive analysis of the India spices industry covering the market trends, investment opportunities, growth trends, statistics, and industry prospects. The report offers a comprehensive analysis of the industry, which comprises insights on India spices market size, share, trends, analysis, growth, demand, statistics, and overview. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report. The market is segmented by size and region. The report provides an analysis of the key trends in each sub-segment of the market, along with forecasts at the global and regional level from 2022-2027. The report also includes competitive landscape of major key players in the industry along with emerging trends in the market.

Informed covered in the report:

  • Historical market data from 2016-2021
  • CAGR of the market during the forecast period 2022-2027
  • Detailed information on factors that will drive market growth during the next five years
  • Precise estimation of the Keyword market size and its contribution to the parent market
  • Upcoming market trends and changes in consumer behavior
  • A thorough analysis of the market’s competitive landscape and detailed information on key players
  • Comprehensive details of factors that will challenge the growth of smart meters market key players

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The India spices market reached a value of INR 142,569.3 Crores in 2021. Spices are food additives that are largely used for coloring, preserving, and flavoring food products. They offer exquisite texture, aroma, and taste to the food. Dried vegetables and foods, aromatic seeds, barks, and roots, among others, are extensively used for the manufacturing of spices. India is one of the largest growers, producers and consumers of spices around the world. The most commonly available spices in India include turmeric, chili, fenugreek, cumin, mustard, and coriander.

India Spices Market Trends:

The India spices market is largely being driven by the considerable growth of the food processing industry and the rising demand for ethnic tastes, authentic cuisines, and innovative flavors in foods and snacks. In addition to this, the hectic working schedules have led to sedentary lifestyles, which, in turn, has significantly increased the demand for convenient foods. This is acting as another major growth-inducing factor. Other factors such as the growing demand for spices for the manufacturing of read-to-eat (RTE) food products and the rapidly expanding hotel/restaurant/cafe (HoReCa) sector are creating a positive outlook for the market in India. Looking forward, IMARC Group expects the India spices market to reach INR 270,928.4 Crores by 2027, exhibiting a CAGR of 11.15% during 2022-2027.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Competitive Landscape with Key Players:

  • Aachi Spices & Foods Pvt Ltd
  • Badshah Masala
  • Eastern Condiments Private Limited
  • Everest Food Products Pvt Ltd
  • Mahashian Di Hatti Private Limited
  • MTR Foods Pvt Ltd.
  • Patanjali Ayurved Limited.

Market Segmentation:

Product Type:

  • Pure Spices
    • Chilli
    • Turmeric
    • Coriander
    • Cumin
    • Pepper
    • Tamarind
    • Asafoetida
    • Bay Leaf
    • Clove
    • Cardamom
    • Cinnamon
    • Tulsi Leaf
    • Others
  • Blended Spices
    • Garam Masala
    • Non-Veg Masala
    • Kitchen King and Sabzi Masala
    • Chole and Channa Masala
    • Chat Masala
    • Sambhar and Rasham Masala
    • Paneer and Curry Masala
    • Pav Bhaji Masala
    • Jaljeera Masala
    • Others

Application:

  • Veg Curries
  • Meat and Poultry Products
  • Snacks and Convenience Foods
  • Soups, Sauces and Dressings
  • Bakery and Confectionary
  • Frozen Foods
  • Beverages
  • Others

Form:

  • Packets
  • Sprinkler
  • Crusher

Region:

  • South India
  • North India
  • West & Central India
  • East India

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Key highlights of the report:                                                    

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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