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 various seeds, barks, roots, twigs, and dried plant parts that are utilized for seasoning and flavoring food recipes. They are further deployed for preserving pickles and other food products for later consumption. Some of the commonly used spices include nutmeg, cloves, chili powder, ginger, garlic, tamarind, black pepper, and turmeric. These spices are accessible in different forms, such as whole, ground, and crushed.
India Spices Market Trends:
The expanding hotel, restaurant, and catering (HORECA) sector and the increasing demand for authentic, ethnic, and innovative flavors in the food and beverages (F&B) are primarily fueling the spices market growth in India. Furthermore, the widespread utilization of dried ginger, oregano, chili flakes and parsley by fast-food chains, including Starbucks, Domino’s, and McDonald’s, is propelling the market growth. Additionally, the Government of India (GOI) has been undertaking initiatives to curb the adulteration of spices and the increasing consciousness amongst consumers toward the negative health impacts of synthetic spices are catalyzing the market growth in the country. 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:
Breakup by 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
Breakup by Application:
- Veg Curries
- Meat and Poultry Products
- Snacks and Convenience Foods
- Soups, Sauces and Dressings
- Bakery and Confectionary
- Frozen Foods
- Beverages
- Others
Breakup by Form:
- Packets
- Sprinkler
- Crusher
Breakup by 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.
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