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

Press Release:

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

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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. 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. Looking forward, IMARC Group expects the India spices market to continue its strong growth during the next five years.

India Spices Market Report

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India spices market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, 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.

Key Questions Answered in This Report:

How has the India spices market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the India spices market?
What are the key regional markets?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the application?
What is the breakup of the market based on the form?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the India spices market and who are the key players?
What is the degree of competition in the industry?