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India Spices Market Share, Size, Growth, Trends, Analysis: By Product: 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, Soups, 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.
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
Based on product, the market is divided into pure spices and blended spices. Pure spices are further categorised into chili, garlic, turmeric, ginger, coriander, fennel, pepper, cardamom, cloves, and tamarind, among others. Blended spices are sub-divided 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 applications, 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 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
- 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.
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), and Tata Consumer Products 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 |
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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 Industry Opportunities and Challenges
8 India Spices Market Analysis
8.1 Key Industry Highlights
8.2 India Spices Historical Market (2018-2022)
8.3 India Spices Market Forecast (2023-2028)
8.4 India Spices Market by Product
8.4.1 Pure Spices
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.1.4 Breakup by Type
8.4.1.4.1 Chili
8.4.1.4.1.1 Market Share
8.4.1.4.1.2 Historical Trend (2018-2022)
8.4.1.4.1.3 Forecast Trend (2023-2028)
8.4.1.4.2 Garlic
8.4.1.4.2.1 Market Share
8.4.1.4.2.2 Historical Trend (2018-2022)
8.4.1.4.2.3 Forecast Trend (2023-2028)
8.4.1.4.3 Turmeric
8.4.1.4.3.1 Market Share
8.4.1.4.3.2 Historical Trend (2018-2022)
8.4.1.4.3.3 Forecast Trend (2023-2028)
8.4.1.4.4 Ginger
8.4.1.4.4.1 Market Share
8.4.1.4.4.2 Historical Trend (2018-2022)
8.4.1.4.4.3 Forecast Trend (2023-2028)
8.4.1.4.5 Coriander
8.4.1.4.5.1 Market Share
8.4.1.4.5.2 Historical Trend (2018-2022)
8.4.1.4.5.3 Forecast Trend (2023-2028)
8.4.1.4.6 Fennel
8.4.1.4.6.1 Market Share
8.4.1.4.6.2 Historical Trend (2018-2022)
8.4.1.4.6.3 Forecast Trend (2023-2028)
8.4.1.4.7 Pepper
8.4.1.4.7.1 Market Share
8.4.1.4.7.2 Historical Trend (2018-2022)
8.4.1.4.7.3 Forecast Trend (2023-2028)
8.4.1.4.8 Cardamom
8.4.1.4.8.1 Market Share
8.4.1.4.8.2 Historical Trend (2018-2022)
8.4.1.4.8.3 Forecast Trend (2023-2028)
8.4.1.4.9 Cloves
8.4.1.4.9.1 Market Share
8.4.1.4.9.2 Historical Trend (2018-2022)
8.4.1.4.9.3 Forecast Trend (2023-2028)
8.4.1.4.10 Tamarind
8.4.1.4.10.1 Market Share
8.4.1.4.10.2 Historical Trend (2018-2022)
8.4.1.4.10.3 Forecast Trend (2023-2028)
8.4.1.4.11 Others
8.4.2 Blended Spices
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.2.4 Breakup by Type
8.4.2.4.1 Garam Masala
8.4.2.4.1.1 Market Share
8.4.2.4.1.2 Historical Trend (2018-2022)
8.4.2.4.1.3 Forecast Trend (2023-2028)
8.4.2.4.2 Non-Veg Masala
8.4.2.4.2.1 Market Share
8.4.2.4.2.2 Historical Trend (2018-2022)
8.4.2.4.2.3 Forecast Trend (2023-2028)
8.4.2.4.3 Sabzi Masala
8.4.2.4.3.1 Market Share
8.4.2.4.3.2 Historical Trend (2018-2022)
8.4.2.4.3.3 Forecast Trend (2023-2028)
8.4.2.4.4 Chole and Channa Masala
8.4.2.4.4.1 Market Share
8.4.2.4.4.2 Historical Trend (2018-2022)
8.4.2.4.4.3 Forecast Trend (2023-2028)
8.4.2.4.5 Chat Masala
8.4.2.4.5.1 Market Share
8.4.2.4.5.2 Historical Trend (2018-2022)
8.4.2.4.5.3 Forecast Trend (2023-2028)
8.4.2.4.6 Sambhar and Rasham Masala
8.4.2.4.6.1 Market Share
8.4.2.4.6.2 Historical Trend (2018-2022)
8.4.2.4.6.3 Forecast Trend (2023-2028)
8.4.2.4.7 Paneer and Curry Masala
8.4.2.4.7.1 Market Share
8.4.2.4.7.2 Historical Trend (2018-2022)
8.4.2.4.7.3 Forecast Trend (2023-2028)
8.4.2.4.8 Pav Bhaji Masala
8.4.2.4.8.1 Market Share
8.4.2.4.8.2 Historical Trend (2018-2022)
8.4.2.4.8.3 Forecast Trend (2023-2028)
8.4.2.4.9 Jaljeera Masala
8.4.2.4.9.1 Market Share
8.4.2.4.9.2 Historical Trend (2018-2022)
8.4.2.4.9.3 Forecast Trend (2023-2028)
8.4.2.4.10 Others
8.5 India Spices Market by Form
8.5.1 Packets
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Sprinkler
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Crusher
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.6 India Spices Market by Sector
8.6.1 Organised
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Unorganised
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.7 India Spices Market by Application
8.7.1 Veg Curries
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Meat and Poultry Products
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Snacks and Convenience Foods
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Soups, Sauces and Dressings
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Bakery and Confectionery
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
8.7.6 Frozen Foods
8.7.6.1 Market Share
8.7.6.2 Historical Trend (2018-2022)
8.7.6.3 Forecast Trend (2023-2028)
8.7.7 Others
8.8 India Spices Market by End Use
8.8.1 Retail
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2022)
8.8.1.3 Forecast Trend (2023-2028)
8.8.2 Food Service
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2022)
8.8.2.3 Forecast Trend (2023-2028)
8.9 India Spices Market by Region
8.9.1 Market Share
8.9.1.1 North India
8.9.1.2 South India
8.9.1.3 East India
8.9.1.4 West India
9 Regional Analysis
9.1 North India
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 South India
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.3 East India
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.4 West India
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis (HS Code – 0910)
12.1 Major Exporting Countries
12.1.1 By Value
12.1.2 By Volume
12.2 Major Importing Countries
12.2.1 By Value
12.2.2 By Volume
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players’ Market Share
14.3 Company Profiles
14.3.1 Everest Food Products Pvt. Ltd.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Demographic Reach and Achievements
14.3.1.4 Certifications
14.3.2 Mahashian Di Hatti Pvt. Ltd.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Demographic Reach and Achievements
14.3.2.4 Certifications
14.3.3 Badshah Masala Private Limited
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Demographic Reach and Achievements
14.3.3.4 Certifications
14.3.4 DS Group (Catch)
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Demographic Reach and Achievements
14.3.4.4 Certifications
14.3.5 Eastern Condiments Pvt. Ltd.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Demographic Reach and Achievements
14.3.5.4 Certifications
14.3.6 Aachi Spices & Foods Pvt Ltd
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Demographic Reach and Achievements
14.3.6.4 Certifications
14.3.7 MTR Foods Pvt Ltd
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Demographic Reach and Achievements
14.3.7.4 Certifications
14.3.8 Patanjali Ayurved Limited
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Demographic Reach and Achievements
14.3.8.4 Certifications
14.3.9 Sakthi Masala Private Limited
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Demographic Reach and Achievements
14.3.9.4 Certifications
14.3.10 ITC Limited (Sunrise Pure)
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Demographic Reach and Achievements
14.3.10.4 Certifications
14.3.11 Ushodaya Enterprises Pvt. Ltd. (Priya)
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Demographic Reach and Achievements
14.3.11.4 Certifications
14.3.12 Tata Consumer Products Limited
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Demographic Reach and Achievements
14.3.12.4 Certifications
14.3.13 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. India Spices Market: Key Industry Highlights, 2018 and 2028
2. India Spices Historical Market: Breakup by Product (INR Crore), 2018-2022
3. India Spices Market Forecast: Breakup by Product (INR Crore), 2023-2028
4. India Spices Historical Market: Breakup by Form (INR Crore), 2018-2022
5. India Spices Market Forecast: Breakup by Form (INR Crore), 2023-2028
6. India Spices Historical Market: Breakup by Sector (INR Crore), 2018-2022
7. India Spices Market Forecast: Breakup by Sector (INR Crore), 2023-2028
8. India Spices Historical Market: Breakup by Application (INR Crore), 2018-2022
9. India Spices Market Forecast: Breakup by Application (INR Crore), 2023-2028
10. India Spices Historical Market: Breakup by End Use (INR Crore), 2018-2022
11. India Spices Market Forecast: Breakup by End Use (INR Crore), 2023-2028
12. India Spices Historical Market: Breakup by Region (INR Crore), 2018-2022
13. India Spices Market Forecast: Breakup by Region (INR Crore), 2023-2028
14. Major Exporting Countries by Value
15. Major Importing Countries by Value
16. Major Exporting Countries by Volume
17. Major Importing Countries by Volume
18. India Spices Market Structure
Key Questions Answered in the Report
In 2021, the spices market in India attained a value of nearly INR 72,900 crore.
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 1,23,613 crore by 2027.
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 industry trends propelling the growth of the market.
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), and Tata Consumer Products Limited, among others.
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.
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