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Expert Market Research Explores the Top 10 Companies in the India Spices Market

India Spices Market

 

Everest Food Products Pvt. Ltd., Mahashian Di Hatti Pvt. Ltd., 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, Goldiee Group, Ashok Masale, Lifestyle Foods Pvt. Ltd., among others, are the major players in the India spices market.

 

The India spices market size reached a value of INR 86,930 crore in 2023. During the forecast period between 2024 and 2032, the market is expected to grow at a CAGR of 9.20% to reach a value of around INR 1,91,945 crore by 2032 driven by the inclination towards organic spices.

 

Spices finds applications in seasonings to flavor, color or preserve food. They come from various sources like seeds, roots and barks of different plants, dried fruits, or vegetables. Spices enhance the taste, texture, and scent of food without increasing fat or calories. By blending complementary spices, it may create intricate flavors.

 

India Export Of Spices Over Decades Value (USD Million)

 

India , renowned as the land of spices, stands as one of the top global producers of various spices such as cloves, chili, turmeric, fennel seeds, fenugreek, among others. The demand for Indian spices has surged, due to their recognized immunity-boosting benefits which is driving the India spices market growth. Within the domestic market, chili is the most popular. Turmeric follows closely in popularity, its demand having significantly increased during the pandemic for its health-promoting properties.

 

According  to the India spices market analysis, growing health consciousness and the pursuit of freshness are boosting the market. Consumers now spend extra on products like pastes and blended spices that make cooking faster and more efficient. The rising demand for convenience and simplicity in cooking is also fueling the popularity of spice blends. People look for ready-made spice mixes that make cooking easier, resulting in increased demand for branded spice products.

 

Government  initiatives has also contributed to the India spices market share. The Spices Board of India launched an initiative to help exporters upgrade processing technologies to meet international food safety standards. This includes infrastructure development, promoting Indian spice brands globally, supporting organic spice production, and special programs for northeastern entrepreneurs. Eight crop-specific Spices Parks have been set up in key areas to assist farmers in improving price realization and market reach. These parks provide integrated facilities like cultivation, storage, with shared resources like cleaning, grading, to enhance product quality and prices.

 

DS Group (Catch Spices), announced in April 2024 that the company aims to significantly increase its sales over the next few years. Their strategy involves expanding into new regions, particularly in southern India, while also diversifying their product offerings. With a dominant market share in premium salt, they plan to leverage their brand strength to achieve ambitious revenue targets.

 

Top 10 Spices Companies in India:

Everest Food Products Pvt. Ltd

Headquarters: Mumbai, Maharashtra
Establishment: 1965
Website: www.everestfoods.com

 

Everest stands as a leading spice brand in India, renowned for offering a diverse range of 45 spice varieties, including both whole spices and blends. They have a longstanding commitment to maintain impeccable standards of freshness, and authenticity. Their each pack delivers a consistent aroma and flavor. This dedication is supported by rigorous research, innovative practices, and advanced technology. Everest is valued by millions of households not only in India but also in more than 58 other nations, ranging from the United States, United Kingdom, Africa, United Arab Emirates, Singapore, and Australia.

 

Badshah Masala Private Limited

Headquarters: Mumbai, Maharashtra
Establishment: 1958
Website: www.badshahmasala.com

 

Badshah Masala , a part of Dabur Enterprise, is renowned for offering high-quality spices that enhance flavors in kitchens around the globe. They are known for their legacy of authenticity and excellence. Badshah Masala achieved widespread acclaim and triumph, winning over the affection and palates of Indian families. The renowned flavors such as Kitchen King Masala, Mumbai Bhaji Pav Masala, and Chana Masala became popular with households, propelling Badshah Masala to extraordinary levels of popularity.

 

DS Group (Catch)

Headquarters: Noida, Uttar Pradesh
Establishment: 1929
Website: www.dsgroup.com

 

The DS Group , is a prominent FMCG conglomerate. They launched their Catch brand in 1987 by introducing ready-to-use sprinklers for salt and pepper. This launch was successful which led to introduction of Catch Spices in 1991. Under this they offered a range of high-quality spices that add rich flavor and aroma to Indian cuisine. They utilize innovative Low Temperature Grinding (LTG) technology, which help spices to retain their medicinal properties. Their also offer mixed spices line which blends whole spices to perfection.

 

MTR Foods Pvt Ltd

Headquarters: Banglore
Establishment: 1924
Website: www.mtrfoods.com

 

MTR Foods  is a renowned Indian brand which is dedicated towards delivering the essence and excellence of Indian cuisine. They offer a wide array of options for every meal occasion like spices, ready to cook and eat meals, and masalas. MTR has skillfully bridged tradition with innovation and has created a harmonious culinary experience for all. They have a pure spices collection which is a blend modern technology combined with timeless grinding methods passed.

 

Patanjali Ayurved Limited

Headquarters: Haridwar, Uttrakhand
Establishment: 2006
Website: www.patanjaliayurved.org

 

Patanjali Ayurved Limited was founded with a vision of fostering both rural and urban progress, aiming to foster a healthier society through the principles of Yoga and Ayurveda. They are dedicated to enhancing quality of life of consumers by offering products of exceptional quality. They employ various strategies, including the implementation of a Unique ID system to combat counterfeit goods. Through contract farming, they supply herbal and organic materials. Patanjali provides both blended spice mixtures and pure, single-origin spices.

 

ITC Limited

Headquarters: Kolkata, West Bengal
Establishment: 1910
Website: www.itcportal.com

 

ITC  stands out as a prominent player in India's private sector, boasting a robust Gross Revenue of rupees 69,481 crores and a Net Profit of rupee 18,753 crores as of March 31, 2023. The company maintains a diversified portfolio, spanning across FMCG, hotels, paperboards & specialty papers, agri-business sectors, among others. ITC Foods specializes in creating region-specific packaged foods that cater to consumer preferences and health needs. The Aashirvaad and Sunrise labels are renowned for their diverse array of cooking spices offerings packaged items such as salt, turmeric, chili, and beyond.

 

Tata Consumer Products Limited

Headquarters: Mumbai, Mahrashtra
Establishment: 1962
Website: www.tataconsumer.com

 

Tata Consumer Products hosts a range of beloved brands including, Tetley, Tata Salt, Himalayan Water, along with up-and-coming labels such as Tata Sampann, Tata Soulfull, among others. Tata Sampann's selection of spices guarantees genuine flavor and the benefits of natural oils. Their ground spices preserve their original oils. As for their blended spices, they're meticulously curated by the renowned MasterChef Sanjeev Kapoor to infuse every dish with a delightful aroma and exquisite taste.

 

Goldiee Group

Headquarters: Kanpur, Uttar Pradesh
Establishment: 1980
Website: www.goldiee.com

 

Goldiee  Group stands tall as one of India's leading producers of top-notch spices and food items. Its business ventures have evolved to include food processing and Pooja Kit manufacturing alongside spice production. It is renowned for rich aromas, enticing flavors, and top-grade quality. Also, the group has established robust connections with spice cultivators and distributors, solidifying its position as a premier player in the nation's culinary landscape.

 

Ashok Masale

Headquarters: Kanpur, Uttar Pradesh
Establishment: 1957
Website: www.ashokmasale.com

 

Ashok Masale is  a renowned Indian spices brand. It has been dedicated to delighting its customers with a diverse range of spices. Their commitment to purity has always been paramount. They source only fresh whole spices directly from their places of origin. This meticulous practice ensures that their spices maintain their purity and exceptional quality. Every step of the process, from sourcing excellent whole spices to their processing and packaging, is executed with cutting-edge technology and precision.

 

Sakthi Masala Private Limited

Headquarters: Tamil Nadu, India
Establishment: 1975
Website: www.sakthimasala.com

 

The genesis of the  Spice Queen and its array of spice products began with a small-scale enterprise. First it was only turmeric trade, which gradually transitioning into the production of authentic spice powders such as turmeric, chili, and coriander. This venture extended to crafting diverse masala blends. Under the banner of Sakthi Trading Company, they vigorously promoted and distributed offerings under the esteemed brand name SAKTHI.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

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