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The India spices market grew at a CAGR of 15% during 2015-2020. Looking forward, IMARC Group expects the market to continue its strong growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Spices refer to the food additives that are primarily used for flavoring, coloring, or preserving food items. They are usually manufactured by processing a wide range of aromatic seeds, dried fruits or vegetables, roots, barks, etc. Spices offer exquisite aroma, texture, and taste to food without adding any extra fat or calories. India currently represents one of the largest producers of spices in the world. Some of the common spices that are widely available in the country, include chili, turmeric, coriander, tamarind, cumin, mustard, fenugreek, etc.
The increasing demand for innovative flavors, authentic cuisines, and ethnic tastes in foods and snacks is augmenting the market for spices in India. Additionally, a significant growth in the food processing industry along with hectic work schedules and sedentary lifestyles of the consumers are also propelling the demand for convenient food options. As a result, the growing utilization of spices in processed and ready-to-eat food products is further driving the market growth in the country. Apart from this, the expanding HoReCa sector in India is also bolstering the market growth. Moreover, the increasing penetration of western food trends is further catalyzing the demand for a variety of newer spices. Additionally, the Indian government has introduced stringent regulations to curb the adulteration of spices, thereby inducing the production of safer product variants. Furthermore, the rising consumer concerns towards the negative health impact of synthetic additives in spices are augmenting the demand for natural and organic spices in the country.
IMARC Group provides an analysis of the key trends in each sub-segment of the India spices market, along with forecasts at the country and regional level from 2021-2026. Our report has categorized the market based on product type, application and form.
Breakup by Product Type:
Breakup by Application:
Breakup by Form:
Breakup by Region:
The competitive landscape of the industry has also been examined with some of the key players being 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. and Patanjali Ayurved Limited.
|Base Year of the Analysis||2020|
|Segment Coverage||Product Type, Application, Form, Region|
|Region Covered||South India, North India, West & Central India, East India|
|Companies Covered||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. and Patanjali Ayurved Limited|
|Customization Scope||10% Free Customization|
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The India spices market grew at a CAGR of 15% during 2015-2020.
A significant growth in the food processing industry, coupled with the increasing demand for innovative flavors, authentic cuisines, and ethnic tastes in foods and snacks, is currently driving the India spices market.
The sudden outbreak of the COVID-19 pandemic has led to the shifting consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of spices in India.
Based on the product type, the India spices market can be segmented into pure spices and blended spices. Currently, pure spices, including chilli, turmeric, coriander, cumin, pepper, tamarind, asafoetida, bay leaf, clove, cardamom, cinnamon, tulsi leaf, and others holds the majority of the total market share.
Based on the application, the India spices market has been segregated into Indian curries, meat and poultry products, snacks and convenience foods, soups, sauces and dressings, bakery and confectionary, frozen foods, beverages, and others. Among these, Indian curries currently represents the largest segment.
Based on the form, the India spices market can be categorized into packets, sprinkler, and crusher. Currently, packets exhibit a clear dominance in the market.
On a regional level, the market has been classified into South India, North India, West & Central India and East India, where South India currently dominates the Indian market.
Some of the major players in the India spices market include 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., and Patanjali Ayurved Limited.
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