India Spices Market Report and Forecast 2023-2028

India Spices Market Report and Forecast 2023-2028


Market Outlook

According to the report by Expert Market Research (EMR), the India spices market is projected to grow at a CAGR of 9.20% between 2023 and 2028. Aided by the escalating demand for flavour-rich food products and the expanding uses of spices in various sectors, the market is expected to grow significantly by 2028.

Indian spices encompass a wide variety of ground, whole, and blended spices sourced from numerous plants and their parts. These spices are crucial in enhancing the flavour, colour, and aroma of food, contributing to the rich and diverse India spices market. Beyond their culinary uses, Indian spices are recognised for their potent medicinal and therapeutic properties, rendering them significant in traditional medicine, cosmetics, and pharmaceuticals.

The escalating consumer preference for flavourful and aromatic food products is fuelling the India spices market growth. With the increasing awareness of the health benefits associated with spices, such as improved digestion, enhanced immunity, and metabolic boost, a significant shift towards spice-enriched diets is evident. Moreover, the rising trend of natural and organic foods has further bolstered the popularity of Indian spices, given their natural origins and minimal processing.

The widening applications of Indian spices across various industries also significantly contribute to India spices market expansion. In the pharmaceutical industry, spices like turmeric and ginger are used for their anti-inflammatory and antioxidant properties. The cosmetics industry leverages spices such as saffron and turmeric for their skin-enhancing benefits. Furthermore, the therapeutic qualities of spices like clove and cinnamon make them essential in the production of natural remedies and wellness products.

Additionally, the growing demand for ready-to-use and convenience food products has led to an increased focus on processed Indian spices. With the rise of fast-paced lifestyles and the increasing popularity of easy-to-cook meals, processed spices have become a staple in modern Indian kitchens, thereby propelling the Indian spices market demand.

Further, India's dominant position as a spice exporter contributes significantly to the market growth. With the surge in global demand for Indian spices, attributed to their unique flavours and health benefits, the export sector is expected to witness robust growth over the forecast period. The implementation of favourable governmental policies for spice export further bolsters the Indian spices market growth.

Market Segmentation

The market can be divided based on product type, form, sector, application, end-use, and region.

Market Breakup by Product Type
  • Pure Spices
Chili

Garlic

Turmeric

Ginger

Coriander

Fennel

Pepper

Cardamom

Clove

Tamarind

Others
  • Blended Spices
Garam Masala

Non-Veg Masala

Sabzi Masala

Chole and Channa Masala

Chat Masala

Sambhar and Rasham Masala

Paneer and Curry Masala

Pav Bhaji Masala

Jaljeera Masala

Others

Market Breakup by Form
  • Packets
  • Sprinkler
  • Crusher
Market Breakup by Sector
  • Organised
  • Unorganised
Market Breakup by Application
  • Veg Curries
  • Meat and Poultry Products
  • Snacks and Convenience Foods
  • Soups, Sauces and Dressings
  • Bakery and Confectionery
  • Frozen Foods
  • Others
Market Breakup by End-Use
  • Retail
  • Food Service
Market Breakup by Region
  • North India
  • East and Central India
  • West India
  • South India
Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the India spices companies. Some of the major key players explored in the report by Expert Market Research are as follows:
  • Everest Food Products Pvt Ltd
  • Mahashian Di Hatti Private Limited
  • Badshah Masala Private Limited
  • DS Group (Catch)
  • Eastern Condiments Pvt. Ltd.
  • Aachi Spices & Foods Pvt Ltd
  • MTR Foods Pvt. Ltd.
  • Patanjali Ayurved Limited
  • Sakthi Masala Private Limited
  • ITC Limited (Sunrise Pure)
  • Ushodaya Enterprises Pvt. Ltd. (Priya)
  • Tata Consumer Products Limited
  • Zoff Foods Private Limited
  • Rajesh Masala Udyog Private Limited
  • Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.


1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Spice Market Overview
8.1 Key Industry Highlights
8.2 Global Spice Historical Market (2018-2022)
8.3 Global Spice Market Forecast (2023-2028)
8.4 Global Spice Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 India Spice Market Overview
9.1 Key Industry Highlights
9.2 India Spice Historical Market (2018-2022)
9.3 India Spice Market Forecast (2023-2028)
10 India Spice Market by Product Type
10.1 Pure Spices
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.1.3 Breakup by Type
10.1.3.1 Chili
10.1.3.1.1 Historical Trend (2018-2022)
10.1.3.1.2 Forecast Trend (2023-2028)
10.1.3.2 Garlic
10.1.3.2.1 Historical Trend (2018-2022)
10.1.3.2.2 Forecast Trend (2023-2028)
10.1.3.3 Turmeric
10.1.3.3.1 Historical Trend (2018-2022)
10.1.3.3.2 Forecast Trend (2023-2028)
10.1.3.4 Ginger
10.1.3.4.1 Historical Trend (2018-2022)
10.1.3.4.2 Forecast Trend (2023-2028)
10.1.3.5 Coriander
10.1.3.5.1 Historical Trend (2018-2022)
10.1.3.5.2 Forecast Trend (2023-2028)
10.1.3.6 Fennel
10.1.3.6.1 Historical Trend (2018-2022)
10.1.3.6.2 Forecast Trend (2023-2028)
10.1.3.7 Pepper
10.1.3.7.1 Historical Trend (2018-2022)
10.1.3.7.2 Forecast Trend (2023-2028)
10.1.3.8 Cardamom
10.1.3.8.1 Historical Trend (2018-2022)
10.1.3.8.2 Forecast Trend (2023-2028)
10.1.3.9 Clove
10.1.3.9.1 Historical Trend (2018-2022)
10.1.3.9.2 Forecast Trend (2023-2028)
10.1.3.10 Tamarind
10.1.3.10.1 Historical Trend (2018-2022)
10.1.3.10.2 Forecast Trend (2023-2028)
10.1.3.11 Others
10.2 Blended Spices
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.2.3 Breakup by Type
10.2.3.1 Garam Masala
10.2.3.1.1 Historical Trend (2018-2022)
10.2.3.1.2 Forecast Trend (2023-2028)
10.2.3.2 Non-Veg Masala
10.2.3.2.1 Historical Trend (2018-2022)
10.2.3.2.2 Forecast Trend (2023-2028)
10.2.3.3 Sabzi Masala
10.2.3.3.1 Historical Trend (2018-2022)
10.2.3.3.2 Forecast Trend (2023-2028)
10.2.3.4 Chole and Channa Masala
10.2.3.4.1 Historical Trend (2018-2022)
10.2.3.4.2 Forecast Trend (2023-2028)
10.2.3.5 Chat Masala
10.2.3.5.1 Historical Trend (2018-2022)
10.2.3.5.2 Forecast Trend (2023-2028)
10.2.3.6 Sambhar and Rasham Masala
10.2.3.6.1 Historical Trend (2018-2022)
10.2.3.6.2 Forecast Trend (2023-2028)
10.2.3.7 Paneer and Curry Masala
10.2.3.7.1 Historical Trend (2018-2022)
10.2.3.7.2 Forecast Trend (2023-2028)
10.2.3.8 Pav Bhaji Masala
10.2.3.8.1 Historical Trend (2018-2022)
10.2.3.8.2 Forecast Trend (2023-2028)
10.2.3.9 Jaljeera Masala
10.2.3.9.1 Historical Trend (2018-2022)
10.2.3.9.2 Forecast Trend (2023-2028)
10.2.3.10 Others
11 India Spice Market by Form
11.1 Packets
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Sprinkler
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 Crusher
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
12 India Spice Market by Sector
12.1 Organised
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Unorganised
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
13 India Spice Market by Application
13.1 Veg Curries
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 Meat and Poultry Products
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Snacks and Convenience Foods
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 Soups, Sauces and Dressings
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Bakery and Confectionery
13.5.1 Historical Trend (2018-2022)
13.5.2 Forecast Trend (2023-2028)
13.6 Frozen Foods
13.6.1 Historical Trend (2018-2022)
13.6.2 Forecast Trend (2023-2028)
13.7 Others
14 India Spice Market by End-Use
14.1 Retail
14.1.1 Historical Trend (2018-2022)
14.1.2 Forecast Trend (2023-2028)
14.2 Food Service
14.2.1 Historical Trend (2018-2022)
14.2.2 Forecast Trend (2023-2028)
15 India Spice Market by Region
15.1 North India
15.1.1 Historical Trend (2018-2022)
15.1.2 Forecast Trend (2023-2028)
15.2 East and Central India
15.2.1 Historical Trend (2018-2022)
15.2.2 Forecast Trend (2023-2028)
15.3 West India
15.3.1 Historical Trend (2018-2022)
15.3.2 Forecast Trend (2023-2028)
15.4 South India
15.4.1 Historical Trend (2018-2022)
15.4.2 Forecast Trend (2023-2028)
16 Market Dynamics
16.1 SWOT Analysis
16.1.1 Strengths
16.1.2 Weaknesses
16.1.3 Opportunities
16.1.4 Threats
16.2 Porter’s Five Forces Analysis
16.2.1 Supplier’s Power
16.2.2 Buyer’s Power
16.2.3 Threat of New Entrants
16.2.4 Degree of Rivalry
16.2.5 Threat of Substitutes
16.3 Key Indicators for Demand
16.4 Key Indicators for Price
17 Value Chain Analysis
18 Trade Data Analysis (HS Code - 0910)
18.1 Major Importing Countries
18.1.1 By Volume
18.1.2 By Value
18.2 Major Exporting Countries
18.2.1 By Volume
18.2.2 By Value
19 Price Analysis
20 Competitive Landscape
20.1 Market Structure
20.2 Company Profiles
20.2.1 Everest Food Products Pvt Ltd
20.2.1.1 Company Overview
20.2.1.2 Product Portfolio
20.2.1.3 Demographic Reach and Achievements
20.2.1.4 Certifications
20.2.2 Mahashian Di Hatti Private Limited
20.2.2.1 Company Overview
20.2.2.2 Product Portfolio
20.2.2.3 Demographic Reach and Achievements
20.2.2.4 Certifications
20.2.3 Badshah Masala Private Limited
20.2.3.1 Company Overview
20.2.3.2 Product Portfolio
20.2.3.3 Demographic Reach and Achievements
20.2.3.4 Certifications
20.2.4 DS Group (Catch)
20.2.4.1 Company Overview
20.2.4.2 Product Portfolio
20.2.4.3 Demographic Reach and Achievements
20.2.4.4 Certifications
20.2.5 Eastern Condiments Pvt. Ltd.
20.2.5.1 Company Overview
20.2.5.2 Product Portfolio
20.2.5.3 Demographic Reach and Achievements
20.2.5.4 Certifications
20.2.6 Aachi Spices & Foods Pvt Ltd
20.2.6.1 Company Overview
20.2.6.2 Product Portfolio
20.2.6.3 Demographic Reach and Achievements
20.2.6.4 Certifications
20.2.7 MTR Foods Pvt. Ltd.
20.2.7.1 Company Overview
20.2.7.2 Product Portfolio
20.2.7.3 Demographic Reach and Achievements
20.2.7.4 Certifications
20.2.8 Patanjali Ayurved Limited
20.2.8.1 Company Overview
20.2.8.2 Product Portfolio
20.2.8.3 Demographic Reach and Achievements
20.2.8.4 Certifications
20.2.9 Sakthi Masala Private Limited
20.2.9.1 Company Overview
20.2.9.2 Product Portfolio
20.2.9.3 Demographic Reach and Achievements
20.2.9.4 Certifications
20.2.10 ITC Limited (Sunrise Pure)
20.2.10.1 Company Overview
20.2.10.2 Product Portfolio
20.2.10.3 Demographic Reach and Achievements
20.2.10.4 Certifications
20.2.11 Ushodaya Enterprises Pvt. Ltd. (Priya)
20.2.11.1 Company Overview
20.2.11.2 Product Portfolio
20.2.11.3 Demographic Reach and Achievements
20.2.11.4 Certifications
20.2.12 Tata Consumer Products Limited
20.2.12.1 Company Overview
20.2.12.2 Product Portfolio
20.2.12.3 Demographic Reach and Achievements
20.2.12.4 Certifications
20.2.13 Zoff Foods Private Limited
20.2.13.1 Company Overview
20.2.13.2 Product Portfolio
20.2.13.3 Demographic Reach and Achievements
20.2.13.4 Certifications
20.2.14 Rajesh Masala Udyog Private Limited
20.2.14.1 Company Overview
20.2.14.2 Product Portfolio
20.2.14.3 Demographic Reach and Achievements
20.2.14.4 Certifications
20.2.15 Others
21 Key Trends and Developments in the Market

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