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India Spices Market Share, Size, Growth, Trends, Analysis: By Product Type: Pure Spices, Blended Spices; By Form: Packets, Sprinkler, Crusher, By Sector: Organised, Unorganised; By Application: Veg Curries, Meat and Poultry Products, Snacks and Convenience Foods, Others; By End Use; Regional Analysis; Competitive Landscape; 2023-2028
India Spices Market Outlook
The India spices market size reached a value of INR 72,900 crore in 2021. During the forecast period of between 2023 and 2028, the market is expected to grow at a CAGR of 9.20% to reach a value of around INR 1,23,613 crore by 2027.
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Key Trends in the Market
Spices are seasonings primarily employed for flavouring, colouring, or preserving food products. Various fragrant seeds, dried fruits or vegetables, roots, and barks, are typically processed to make spices. Without adding more fat or calories, spices improve the flavour, texture, and aroma of food. India is currently one of the leading manufacturers of spices in the world. Some of the typical spices that are widely accessible across the country are chilli, cumin, turmeric, fenugreek, coriander, tamarind, and mustard.
- As consumers' tastes for different flavours in foods and snacks develop, manufacturers will likely be compelled to provide high-quality, enticing, and dependable goods that can uphold uniform standards around the world. Spices can change the flavour of a certain food and correspond with regional flavours from other places. This is aiding the India spices market growth.
- The food processing industry's rapid expansion, busy schedules of consumers at work, and inactive lifestyles led by people are fuelling the need for convenient food options. As a result, the India spices market is expanding due to the increasing use of spices in processed and ready-to-eat food products.
- The use of spices has tended to rise as populations in various places, including North India, South India, and others, have grown. Indians tend to consume more spicy food than other people, and spices are often a key ingredient in a variety of food products. The use of spices in different cuisines is rising as a result of the increasing number of Indian and Chinese restaurants that serve ethnic cuisines with a variety of ingredients.
India Spices Market Analysis
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Based on product type, the market is divided into pure spices and blended spices. Pure spices are further categorised by type into chili, garlic, turmeric, ginger, coriander, fennel, pepper, cardamom, clove, and tamarind, among others. Blended spices are sub-divided by type into garam masala, non-veg masala, sabzi masala, chole and channa masala, chat masala, sambhar and rasham masala, paneer and curry masala, pav bhaji masala, and jaljeera masala, among others.
On the basis of form, the India spices market is segmented into packets, sprinkler, and crusher. Based on sector, the market is divided into organised and unorganised. By application, the market is categorised into veg curries, meat and poultry products, snacks and convenience foods, soups, sauces and dressings, bakery and confectionery, and frozen foods, among others. The end-uses of the market are retail and food service. The regional markets for spices can be divided into North India, South India, East and Central India, and West India.
The comprehensive EMR report offers a detailed analysis of the market based on a SWOT analysis and Porter's five forces model. The following top players in the India spices market are thoroughly analysed in the study, along with their competitive landscape and recent developments such as mergers, acquisitions, investments, and expansion plans.
- 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
- Rajesh Masala Udyog Private Limited
- Others
Pure Spices to Dominate the Market Growth
Pure spices are anticipated to dominate the India spices market during the forecast period. Some of the most widely used pure spices in India are pepper and turmeric. The fruit peppercorn is the source of the pungent spice known as pepper, which has been consumed for generations. It comes in whole or ground form and produces black pepper, green pepper, and white pepper. The most popular type of pepper used worldwide is black pepper, and its utilisation is further rising as a result of its medical advantages, including as pain relief and as an antioxidant.
The pulverised, vivid orange powder form of turmeric is more widely available and can be discovered in any spice section. It is a versatile powder that adds a peppery flavour, a yellow colour, and a mustard-like aroma to a variety of foods and serves a number of culinary applications. Due to its earthy flavour, it pairs well with savoury, spice-based dishes. Traditional foods like kedgeree and coronation chicken require turmeric.
Organised Sector to Account for a Significant Share in the Market
According to the India spices market research report, the demand for organised players has been driven by consumers' increased appreciation for unadulterated, hygienic, and authentic spices in addition to the convenience of using blended spices. The organised spice market is in a strong position to expand owing to shifting customer preferences, creative branding, secure packing techniques, and deliberate diversifications.
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Competitive Landscape
Everest Food Products Pvt. Ltd., the largest spice selling brand in India, was established in 1965 and offers more than 45 masala varieties in both pure and blended forms. Millions of homes not only in India but also in more than 58 other nations, including the United States, the United Kingdom, Africa, the United Arab Emirates, Singapore, and Australia, have accepted and valued it.
Badshah Masala Private Limited, a leading producer of spices, was founded in 1958. Its collection includes a wide range of spices and products including asafoetida, kesari milk masala, premix tea, seasoning spices, whole spices, blended spices, and papad.
MTR Foods Pvt Ltd, with its headquarters in Karnataka, stands out as an Indian heritage brand that has been providing ethnic and high-quality Indian food for more than 90 years. A well-known household name, the brand is associated with culinary expertise that has been presented in contemporary, user-friendly ways. MTR unifies India's palate by preserving and reproducing recipes that have been passed down through generations from their region of origin while also keeping up with the country's changing palate. Their extensive portfolio of masalas, spices, ready to cook, and ready to eat products cover all meal occasions.
Other market players are Mahashian Di Hatti Pvt. Ltd., DS Group (Catch), Eastern Condiments Pvt. Ltd., Aachi Spices & 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, and Rajesh Masala Udyog Private Limited, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Form |
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| Breakup by Sector |
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| Breakup by Application |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Trade Data Analysis |
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| Competitive Landscape |
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| Companies Covered |
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*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.
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
List of Key Figures and Tables
1. Global Spice Market: Key Industry Highlights, 2018 and 2028
2. India Spice Market: Key Industry Highlights, 2018 and 2028
3. India Spice Historical Market: Breakup by Product Type (USD Million), 2018-2022
4. India Spice Market Forecast: Breakup by Product Type (USD Million), 2023-2028
5. India Spice Historical Market: Breakup by Form (USD Million), 2018-2022
6. India Spice Market Forecast: Breakup by Form (USD Million), 2023-2028
7. India Spice Historical Market: Breakup by Application (USD Million), 2018-2022
8. India Spice Market Forecast: Breakup by Application (USD Million), 2023-2028
9. India Spice Historical Market: Breakup by End-Use (USD Million), 2018-2022
10. India Spice Market Forecast: Breakup by End-Use (USD Million), 2023-2028
11. India Spice Historical Market: Breakup by Region (USD Million), 2018-2022
12. India Spice Market Forecast: Breakup by Region (USD Million), 2023-2028
13. Major Importing Countries by Volume
14. Major Exporting Countries by Volume
15. Major Importing Countries by Value
16. Major Exporting Countries by Value
17. India Spice Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 9.20% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach INR 1,34,985 crore by 2028.
The major drivers of the market include the rising consumer concerns towards the negative health impact of synthetic additives in spices, expanding HoReCa sector, growing fondness towards enjoying various kinds of flavours in foods and snacks, and the growth of domestic brands.
The growing utilisation of spices in processed and ready-to-eat food products and the increasing demand for authentic cuisines are the key market trends propelling the growth of the market.
India is the largest producer of spices in the world. India is also the world's largest exporter and consumer of spices.
The use of cinnamon in cooking goes back much further in history than any other spice. As a result, it has earned the title ‘world's oldest spice’.
Kozhikode was known as the ‘City of Spices’ during classical antiquity and the Middle Ages due to its significance as the main commercial hub for trading of Eastern spices.
The key players in the India spices market are 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), Zoff Foods Private Limited, Rajesh Masala Udyog Private Limited, and Tata Consumer Products Limited, among others.
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