Change Language

Select Language

Press Release:

India Spices Market to Witness Strong Growth During 2021-2026, Propelled by Increasing Preference for Organic Spices

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

India Spices Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

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.

Key Market Segmentation:

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:

  • 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
     

Competitive Landscape:

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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units INR Crores
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
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

1     Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Market Overview
    4.2    Key Industry Trends
5    India Spices Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Product Type
    6.1    Pure Spices
        6.1.1 Chilli
            6.1.1.1 Market Trends
            6.1.1.2 Market Forecast
        6.1.2 Turmeric
            6.1.2.1 Market Trends
            6.1.2.2 Market Forecast
        6.1.3 Coriander
            6.1.3.1 Market Trends
            6.1.3.2 Market Forecast
        6.1.4 Cumin
            6.1.4.1 Market Trends
            6.1.4.2 Market Forecast
        6.1.5 Pepper
            6.1.5.1 Market Trends
            6.1.5.2 Market Forecast
        6.1.6 Tamarind
            6.1.6.1 Market Trends
            6.1.6.2 Market Forecast
        6.1.7 Asafoetida
            6.1.7.1 Market Trends
            6.1.7.2 Market Forecast
        6.1.8 Bay Leaf
            6.1.8.1 Market Trends
            6.1.8.2 Market Forecast
        6.1.9 Clove
            6.1.9.1 Market Trends
            6.1.9.2 Market Forecast
        6.1.10 Cardamom
            6.1.10.1 Market Trends
            6.1.10.2 Market Forecast
        6.1.11 Cinnamon
            6.1.11.1 Market Trends
            6.1.11.2 Market Forecast
        6.1.10 Tulsi Leaf
            6.1.10.1 Market Trends
            6.1.10.2 Market Forecast
        6.1.11 Others
            6.1.11.1 Market Trends
            6.1.11.2 Market Forecast
    6.2   Blended Spices
        6.2.1 Garam Masala
            6.2.1.1 Market Trends
            6.2.1.2 Market Forecast
        6.2.2 Non-Veg Masala
            6.2.2.1 Market Trends
            6.2.2.2 Market Forecast
        6.2.3 Kitchen King and Sabzi Masala
            6.2.3.1 Market Trends
            6.2.3.2 Market Forecast
        6.2.4 Chole and Channa Masala
            6.2.4.1 Market Trends
            6.2.4.2 Market Forecast
        6.2.5 Chat Masala
            6.2.5.1 Market Trends
            6.2.5.2 Market Forecast
        6.2.6 Sambhar and Rasham Masala
            6.2.6.1 Market Trends
            6.2.6.2 Market Forecast
        6.2.7 Panner and Curry Masala
            6.2.7.1 Market Trends
            6.2.7.2 Market Forecast
        6.2.8 Pav Bhaji Masala
            6.2.8.1 Market Trends
            6.2.8.2 Market Forecast
        6.2.9 Jaljeera Masala
            6.2.9.1 Market Trends
            6.2.9.2 Market Forecast
        6.2.10 Others
            6.2.10.1 Market Trends
            6.2.10.2 Market Forecast
7    Market Breakup by Application
    7.1 Veg Curries
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2 Meat and Poultry Products
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3 Snacks and Convenience Foods
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4 Soups, Sauces and Dressings
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5 Bakery and Confectionery
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6 Frozen Foods 
        7.6.1 Market Trends
        7.6.2 Market Forecast
    7.7 Beverages
        7.7.1 Market Trends
        7.7.2 Market Forecast
    7.8 Others
        7.8.1 Market Trends
        7.8.2 Market Forecast
8    Market Breakup by Form
    8.1 Packets
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2 Sprinkler
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3 Crusher
        8.3.1 Market Trends
        8.3.2 Market Forecast
9    Market Breakup by Region
    9.1 South India
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2 North India
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3 West & Central India
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4 East India
        9.4.1 Market Trends
        9.4.2 Market Forecast
10    SWOT Analysis
   10.1    Overview
   10.2    Strengths
   10.3    Weakness
   10.4    Opportunities
   10.5    Threats
11    Value Chain Analysis
12    Porter Five Forces Analysis
    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Key Price and Demand Indicators
14    New Events & Key Market Developments
15    Competitive Landscape
    15.1   Market Structure
    15.2   Key Players
    15.3   Profiles of Key Players
        15.3.1   Aachi Spices & Foods Pvt Ltd
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
           15.3.1.3 Recent Developments and Investment Plans
        15.3.2   Badshah Masala
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
           15.3.2.3 Recent Developments and Investment Plans
        15.3.3   Eastern Condiments Private Limited
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
           15.3.3.3 Recent Developments and Investment Plans
        15.3.4   Everest Food Products Pvt Ltd 
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
           15.3.4.3 Recent Developments and Investment Plans
        15.3.5   Mahashian Di Hatti Private Limited 
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
           15.3.5.3 Recent Developments and Investment Plans
        15.3.6   MTR Foods Pvt Ltd.
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
           15.3.6.3 Recent Developments and Investment Plans
        15.3.7   Patanjali Ayurved Limited
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 Recent Developments and Investment Plans

List of Figures

Figure 1: India: Spices Market: Major Drivers and Challenges
Figure 2: India: Spices Market: Sales Value (in INR Crores), 2015-2020
Figure 3: India: Spices Market: Breakup by Product Type (in %), 2020
Figure 4: India: Spices Market: Breakup by Application (in %), 2020
Figure 5: India: Spices Market: Breakup by Form (in %), 2020
Figure 6: India: Spices Market: Breakup by Region (in %), 2020
Figure 7: India: Spices Market Forecast: Sales Value (in INR Crores), 2021-2026
Figure 8: India: Spices (Pure Spices) Market: Sales Value (in INR Crores), 2015 & 2020
Figure 9: India Spices Market (Pure Spices) Market Forecast: Sales Value (in INR Crores), 2021-2026
Figure 10: India: Pure Spices Market Breakup by Product Type (in %), 2020
Figure 11: India: Spices (Chili) Market: Sales Value (in INR Crores), 2015 & 2020
Figure 12: India: Spices (Chili) Market Forecast: Sales Value (in INR Crores), 2021-2026
Figure 13: India: Spices (Turmeric) Market: Sales Value (in INR Crores), 2015 & 2020
Figure 14: India: Spices (Turmeric) Market Forecast: Sales Value (in INR Crores), 2021-2026
Figure 15: India: Spices (Coriander) Market: Sales Value (in INR Crores), 2015 & 2020
Figure 16: India: Spices (Coriander) Market Forecast: Sales Value (in INR Crores), 2021-2026
Figure 17: India: Spices (Cumin) Market: Sales Value (in INR Crores), 2015 & 2020
Figure 18: India: Spices (Cumin) Market Forecast: Sales Value (in INR Crores), 2021-2026
Figure 19: India: Spices (Pepper) Market: Sales Value (in INR Crores), 2015 & 2020
Figure 20: India: Spices (Pepper) Market Forecast: Sales Value (in INR Crores), 2021-2026
Figure 21: India: Spices (Tamarind) Market: Sales Value (in INR Crores), 2015 & 2020
Figure 22: India: Spices (Tamarind) Market Forecast: Sales Value (in INR Crores), 2021-2026
Figure 23: India: Spices (Asafoetida) Market: Sales Value (in INR Crores), 2015 & 2020
Figure 24: India: Spices (Asafoetida) Market Forecast: Sales Value (in INR Crores), 2021-2026
Figure 25: India: Spices (Bay Leaf) Market: Sales Value (in INR Crores), 2015 & 2020
Figure 26: India: Spices (Bay Leaf) Market Forecast: Sales Value (in INR Crores), 2021-2026
Figure 27: India: Spices (Clove) Market: Sales Value (in INR Crores), 2015 & 2020
Figure 28: India: Spices (Clove) Market Forecast: Sales Value (in INR Crores), 2021-2026
Figure 29: India: Spices (Cardamom) Market: Sales Value (in INR Crores), 2015 & 2020
Figure 30: India: Spices (Cardamom) Market Forecast: Sales Value (in INR Crores), 2021-2026
Figure 31: India: Spices (Cinnamon) Market: Sales Value (in INR Crores), 2015 & 2020
Figure 32: India: Spices (Cinnamon) Market Forecast: Sales Value (in INR Crores), 2021-2026
Figure 33: India: Spices (Tulsi Leaf) Market: Sales Value (in INR Crores), 2015 & 2020
Figure 34: India: Spices (Tulsi Leaf) Market Forecast: Sales Value (in INR Crores), 2021-2026
Figure 35: India: Spices (Other Pure Spices) Market: Sales Value (in INR Crores), 2015 & 2020
Figure 36: India: Spices (Other Pure Spices) Market Forecast: Sales Value (in INR Crores), 2021-2026
Figure 37: India: Spices (Blended Spices) Market: Sales Value (in INR Crores), 2015 & 2020
Figure 38: India: Spices Market (Blended Spices) Market Forecast: Sales Value (in INR Crores), 2021-2026
Figure 39: India: Blended Spices Market: Breakup by Type (in %), 2020
Figure 40: India: Spices (Garam Masala) Market: Sales Value (in INR Crores), 2015 & 2020
Figure 41: India: Spices (Garam Masala) Market Forecast: Sales Value (in INR Crores), 2021-2026
Figure 42: India: Spices (Non-Veg Masala) Market: Sales Value (in INR Crores), 2015 & 2020
Figure 43: India: Spices Market (Non-Veg Masala) Market Forecast: Sales Value (in INR Crores), 2021-2026
Figure 44: India: Spices (Kitchen King and Sabzi Masala) Market: Sales Value (in INR Crores), 2015 & 2020
Figure 45: India: Spices (Kitchen King and Sabzi Masala) Market Forecast: Sales Value (in INR Crores), 2021-2026
Figure 46: India: Spices (Chole and Channa Masala) Market: Sales Value (in INR Crores), 2015 & 2020
Figure 47: India: Spices Market (Chole and Channa Masala) Market Forecast: Sales Value (in INR Crores), 2021-2026
Figure 48: India: Spices (Chat Masala) Market: Sales Value (in INR Crores), 2015 & 2020
Figure 49: India: Spices Market (Chat Masala) Market Forecast: Sales Value (in INR Crores), 2021-2026
Figure 50: India: Spices (Sambhar and Rasham Masala) Market: Sales Value (in INR Crores), 2015 & 2020
Figure 51: India: Spices Market (Sambhar and Rasham Masala) Market Forecast: Sales Value (in INR Crores), 2021-2026
Figure 52: India: Spices (Paneer and Curry Masala) Market: Sales Value (in INR Crores), 2015 & 2020
Figure 53: India: Spices Market (Paneer and Curry Masala) Market Forecast: Sales Value (in INR Crores), 2021-2026
Figure 54: India: Spices (Pav Bhaji Masala) Market: Sales Value (in INR Crores), 2015 & 2020
Figure 55: India: Spices Market (Pav Bhaji Masala) Market Forecast: Sales Value (in INR Crores), 2021-2026
Figure 56: India: Spices (Jaljeera Masala) Market: Sales Value (in INR Crores), 2015 & 2020
Figure 57: India: Spices Market (Jaljeera Masala) Market Forecast: Sales Value (in INR Crores), 2021-2026
Figure 58: India: Spices (Other Blended Spices) Market: Sales Value (in INR Crores), 2015 & 2020
Figure 59: India: Spices Market (Other Blended Spices) Market Forecast: Sales Value (in INR Crores), 2021-2026
Figure 60: India: Spices (Veg Curries) Market: Sales Value (in INR Crores), 2015 & 2020
Figure 61: India: Spices (Veg Curries) Market Forecast: Sales Value (in INR Crores), 2021-2026
Figure 62: India: Spices (Meat and Poultry Products) Market: Sales Value (in INR Crores), 2015 & 2020
Figure 63: India: Spices (Meat and Poultry Products) Market Forecast: Sales Value (in INR Crores), 2021-2026
Figure 64: India: Spices (Snacks and Convenience Foods) Market: Sales Value (in INR Crores), 2015 & 2020
Figure 65: India: Spices (Snacks and Convenience Foods) Market Forecast: Sales Value (in INR Crores), 2021-2026
Figure 66: India: Spices (Soups, Sauces and Dressings) Market: Sales Value (in INR Crores), 2015 & 2020
Figure 67: India: Spices (Soups, Sauces and Dressings) Market Forecast: Sales Value (in INR Crores), 2021-2026
Figure 68: India: Spices (Bakery and Confectionery) Market: Sales Value (in INR Crores), 2015 & 2020
Figure 69: India: Spices (Bakery and Confectionery) Market Forecast: Sales Value (in INR Crores), 2021-2026
Figure 70: India: Spices (Frozen Foods) Market: Sales Value (in INR Crores), 2015 & 2020
Figure 71: India: Spices (Frozen Foods) Market Forecast: Sales Value (in INR Crores), 2021-2026
Figure 72: India: Spices (Beverages) Market: Sales Value (in INR Crores), 2015 & 2020
Figure 73: India: Spices (Beverages) Market Forecast: Sales Value (in INR Crores), 2021-2026
Figure 74: India: Spices (Other Applications) Market: Sales Value (in INR Crores), 2015 & 2020
Figure 75: India: Spices (Other Applications) Market Forecast: Sales Value (in INR Crores), 2021-2026
Figure 76: India: Spices (Packets) Market: Sales Value (in INR Crores), 2015 & 2020
Figure 77: India: Spices (Packets) Market Forecast Sales Value (in INR Crores), 2021-2026
Figure 78: India: Spices (Sprinkler) Market: Sales Value (in INR Crores), 2015 & 2020
Figure 79: India: Spices (Sprinkler) Market Forecast: Sales Value (in INR Crores), 2021-2026
Figure 80: India: Spices (Crusher) Market: Sales Value (in INR Crores), 2015 & 2020
Figure 81: India: Spices (Crusher) Market Forecast: Sales Value (in INR Crores), 2021-2026
Figure 82: South India: Spices Market: Sales Value (in INR Crores), 2015 & 2020
Figure 83: South India: Spices Market: Breakup by State (in %), 2020
Figure 84: South India: Spices Market Forecast: Sales Value (in INR Crores), 2021-2026
Figure 85: North India: Spices Market: Sales Value (in INR Crores), 2015 & 2020
Figure 86: North India: Spices Market: Breakup by State (in %), 2020
Figure 87: North India: Spices Market Forecast: Sales Value (in INR Crores), 2021-2026
Figure 88: West and Central India: Spices Market: Sales Value (in INR Crores), 2015 & 2020
Figure 89: West and Central India: Spices Market: Breakup by State (in %), 2020
Figure 90: West and Central India: Spices Market Forecast: Sales Value (in INR Crores), 2021-2026
Figure 91: East India: Spices Market: Sales Value (in INR Crores), 2015 & 2020
Figure 92: East India: Spices Market: Breakup by State (in %), 2020
Figure 93: East India: Spices Market Forecast: Sales Value (in INR Crores), 2021-2026
Figure 94: India: Spices Industry: SWOT Analysis
Figure 95: India: Spices Industry: Value Chain Analysis
Figure 96: India: Spices Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: India: Spices Market: Key Industry Highlights, 2020 and 2026
Table 2: India: Spices Market Forecast: Breakup by Product Type (in INR Crores), 2021-2026
Table 3: India: Spices Market Forecast: Breakup by Application (in INR Crores), 2021-2026
Table 4: India: Spices Market Forecast: Breakup by Form (in INR Crores), 2021-2026
Table 5: India: Spices Market Forecast: Breakup by Region (in INR Crores), 2021-2026
Table 6: India: Spices Industry: Market Structure
Table 7: India: Spices Market: Key Players

Note: We value your privacy and will never rent or sell your email address. Privacy policy

Key Question Answered in this Report

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.

Need more help?

  •   Speak to our experienced analysts for insights on the current market scenarios.
  •   Include additional segments and countries to customize the report as per your requirement.
  •   Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  •   For further assistance, please connect with our analysts.

Related Report

China Corn Glucose Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Read More

Inulin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Read More

Europe Corn Glucose Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Read More

United States Corn Glucose Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Read More

Almond Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Read More

Purchase Options




$ 2299

REACH OUT TO US

Call us on

( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )

Drop us an email at

sales@imarcgroup.com

Social Links